Business Context and Reporting Period
Company: Oil States International, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: February 22, 2007
Event: Announcement of the 2007 capital expenditures budget approved by the Board of Directors.
Key Financial Metrics
Capital Expenditures (2007 Budget): $203 million
Funding Source: Operating cash flow
Revenue, Profit, Margins, Debt, Liquidity: The filing text does not provide a clear value for these metrics as this report focuses solely on the capital expenditure announcement.
Material Changes
This filing reports a forward-looking budget approval rather than a change in historical financial performance. No comparative data against prior periods is included in this specific document.
Guidance, Outlook, and Management Commentary
- Outlook: The Company expects to fund the $203 million capital expenditure budget entirely through operating cash flow.
- Management Commentary: The Board of Directors has formally approved the 2007 budget.
- Risks and Contingencies: No specific risks or contingencies are detailed in this filing text.
Investor Verification Checklist
- Verify the actual operating cash flow generation in subsequent quarterly reports to confirm the ability to fund the $203 million budget without external financing.
- Review the full text of the press release (Exhibit 99.1) for details on the specific allocation of capital expenditures across business segments.
- Monitor future filings for any revisions to the capital expenditure budget or changes in funding strategy.