| Balance Sheet for Calfrac Well Services Ltd. (CFW:CA) | | | | | | | Assets | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Cash and Equivalents | 39,104 | 5,580 | - | 27,830 | 1,122 | | Marketable Securities | - | - | - | - | - | | Receivables | 87,766 | 84,481 | 91,693 | 56,609 | 11,529 | | Inventories | 25,013 | 13,387 | 6,145 | 2,688 | 16,232 | | Other Current Assets | - | - | - | 140 | - | | Total Current Assets | 157,494 | 110,911 | 100,057 | 88,630 | 29,307 | | | Gross Fixed Assets | 479,473 | 403,626 | 248,614 | 155,480 | 156,989 | | Accumulated Depreciation | (90,486) | (75,794) | (50,312) | (34,865) | (43,349) | | Net Fixed Assets | 388,987 | 327,832 | 198,302 | 120,615 | 113,640 | | Intangibles | - | - | - | 3,640 | - | | Other Non-Current Assets | 928 | 396 | 324 | - | 5,174 | | Total Non-Current Assets | 401,416 | 343,279 | 236,758 | 177,566 | 118,814 | | Total Assets | 558,910 | 454,190 | 336,815 | 266,196 | 148,121 | | | Liabilities | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Accounts Payable | 65,338 | 77,344 | 46,748 | 35,408 | 6,481 | | Short Term Debt | - | - | 13,428 | 3,644 | 12,227 | | Other Current Liabilities | - | 2,342 | 485 | - | - | | Total Current Liabilities | 65,338 | 79,686 | 60,661 | 39,052 | 18,708 | | | Long Term Debt | 129,535 | 60,000 | 8,000 | 3,958 | 40,490 | | Deferred Income Tax | 7,135 | - | - | - | - | | Other Non-Current Liabilities | 5,987 | 10,994 | 34,133 | 47,609 | 15,836 | | Minority Interest | - | - | - | 621 | - | | Total Non-Current Liabilities | 142,657 | 70,994 | 42,133 | 52,188 | 56,326 | | Total Liabilities | 207,995 | 150,680 | 102,794 | 91,240 | 75,034 | | | Preferred Stock Equity | - | - | - | - | - | | Common Stock Equity | 350,915 | 303,510 | 234,021 | 174,956 | 73,087 | | Total Equity | 350,915 | 303,510 | 234,021 | 174,956 | 73,087 | | Total Liabilities & Stock Equity | 558,910 | 454,190 | 336,815 | 266,196 | 148,121 | | | |
