Quarterly report pursuant to Section 13 or 15(d)

Reportable Segment Information - (Tables)

v3.21.1
Reportable Segment Information - (Tables)
3 Months Ended
Mar. 31, 2021
Segment Reporting [Abstract]  
Reconciliation of Segment Information A reconciliation from segment level financial information to the consolidated statement of operations is provided in the table below ($ in thousands):
Three Months Ended March 31, 2021
Pressure Pumping All Other Total
Service revenue $ 158,191  $ 3,267  $ 161,458 
Adjusted EBITDA $ 31,870  $ (11,853) $ 20,017 
Depreciation and amortization $ 32,513  $ 965  $ 33,478 
Capital expenditures $ 30,023  $ 2,305  $ 32,328 
Total assets at March 31, 2021 $ 1,005,365  $ 39,418  $ 1,044,783 
Three Months Ended March 31, 2020
Pressure Pumping All Other Total
Service revenue $ 386,919  $ 8,150  $ 395,069 
Adjusted EBITDA $ 78,664  $ (3,741) $ 74,923 
Depreciation and amortization $ 38,969  $ 1,236  $ 40,205 
Capital expenditures $ 39,268  $ 828  $ 40,096 
Total assets at December 31, 2020 $ 1,009,631  $ 41,108  $ 1,050,739 
Reconciliation of net (loss) income to adjusted EBITDA ($ in thousands):
Three Months Ended March 31, 2021
Pressure Pumping All Other Total
Net loss $ (13,675) $ (6,700) $ (20,375)
Depreciation and amortization 32,513  965  33,478 
Interest expense —  176  176 
Income tax benefit —  (6,663) (6,663)
Loss on disposal of assets 13,032  20  13,052 
Stock-based compensation —  2,487  2,487 
Other income —  (1,789) (1,789)
Other general and administrative expense, (net)(1)
—  (961) (961)
Severance expense —  612  612 
Adjusted EBITDA $ 31,870  $ (11,853) $ 20,017 
Three Months Ended March 31, 2020
Pressure Pumping All Other Total
Net income (loss) $ 4,308  $ (12,112) $ (7,804)
Depreciation and amortization 38,969  1,236  40,205 
Impairment expense 15,559  1,095  16,654 
Interest expense 1,280  1,281 
Income tax expense —  (909) (909)
Loss on disposal of assets 19,815  39  19,854 
Stock-based compensation —  471  471 
Other expense — 
Other general and administrative expense(1)
—  5,135  5,135 
Retention bonus and severance expense 12  21  33 
Adjusted EBITDA $ 78,664  $ (3,741) $ 74,923 
(1)Other general and administrative expense, (net) relates to nonrecurring professional fees paid to external consultants in connection with the Company's pending SEC investigation and shareholder litigation, net of insurance recoveries.