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SEC Filings

S-4/A
KEY ENERGY SERVICES INC filed this Form S-4/A on 03/08/1996
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                                          Key Energy Group, Inc. and Subsidiaries
                                                Consolidated Balance Sheets

(in thousands, except share & per share data)                           June 30, 1995    June 30, 1994
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ASSETS
  Current Assets:
  Cash                                                                      $     865         $    717
  Restricted cash                                                                 410              456
  Restricted marketable securities                                                267              251
  Accounts receivable, net of allowance for doubtful
     accounts ( $133 - 1995, $103 - 1994)                                       8,133            6,674
  Inventories                                                                   1,257              964
  Prepaid expenses and other current assets                                       358              105
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  Total Current Assets                                                         11,290            9,167
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  Property and Equipment:
  Oilfield service equipment                                                   23,726           12,412
  Oil and gas well equipment                                                    2,014                -
  Motor vehicles                                                                  526              422
  Oil and gas properties and other related equipment,
     successful efforts method                                                  7,652            4,430
  Furniture and equipment                                                         332              157
  Buildings and land                                                            2,086            1,514
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                                                                               36,336           18,935
  Accumulated depreciation & depletion                                         (4,394)          (1,776)
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  Net Property and Equipment                                                   31,942           17,159
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  Other Assets                                                                  2,011            1,769
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  Total Assets                                                             $   45,243       $   28,095
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LIABILITIES AND STOCKHOLDERS' EQUITY
  Current Liabilities:
    Accounts payable                                                       $    3,930       $    3,117
    Accrued interest                                                              145               89
    Other accrued liabilities                                                   2,612            2,726
    Accrued income taxes                                                          174              447
    Deferred tax liability                                                        118                -
    Current portion of long-term debt                                           2,249            2,004
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  Total Current Liabilities                                                     9,228            8,383
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  Long-term debt, less current portion                                         13,700            9,497
  Deferred income taxes                                                         2,204              952
  Commitments and contingencies

  Stockholders' equity:
    Common stock, $.10 par value;  10,000,000 shares authorized,  
     6,913, 510 and 5,273,513 shares issued and
     outstanding at June 30, 1995 and 1994, respectively                          691              527
    Additional paid-in capital                                                 15,186            6,680
    Retained earnings                                                           4,234            2,056
  Total Stockholders' Equity                                                   20,111            9,263
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  Total Liabilities and Stockholders' Equity                              $    45,243       $   28,095
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See the  accompanying  notes  which are an integral  part of these  consolidated
financial statements.


                                       F-4