Quarterly report pursuant to Section 13 or 15(d)

Reportable Segment Information (Tables)

v3.10.0.1
Reportable Segment Information (Tables)
9 Months Ended
Sep. 30, 2018
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.
 
 
Three Months Ended September 30, 2018
($ in thousands)
 
Pressure Pumping
 
All Other
 
Total
 
 
 
 
 
 
 
Service revenue
 
$
421,436

 
$
12,605

 
$
434,041

Adjusted EBITDA
 
$
105,069

 
$
(1,701
)
 
$
103,368

Depreciation and amortization
 
$
22,026

 
$
1,191

 
$
23,217

Goodwill
 
$
9,425

 
$

 
$
9,425

Capital expenditures
 
$
73,143

 
$
1,060

 
$
74,203

Total assets
 
$
903,653

 
$
36,065

 
$
939,718

 
 
 
 
 
 
 
 
 
Three Months Ended September 30, 2017
($ in thousands)
 
Pressure Pumping
 
All Other
 
Total
Service revenue
 
$
271,924

 
$
10,806

 
$
282,730

Adjusted EBITDA
 
$
50,013

 
$
(2,245
)
 
$
47,768

Depreciation and amortization
 
$
13,637

 
$
1,108

 
$
14,745

Goodwill
 
$
9,425

 
$

 
$
9,425

Capital expenditures
 
$
61,752

 
$
765

 
$
62,517

Total assets at December 31, 2017
 
$
688,279

 
$
30,753

 
$
719,032



 
 
Nine Months Ended September 30, 2018
($ in thousands)
 
Pressure Pumping
 
All Other
 
Total
 
 
 
 
 
 
 
Service revenue
 
$
1,242,286

 
$
36,862

 
$
1,279,148

Adjusted EBITDA
 
$
281,951

 
$
(5,871
)
 
$
276,080

Depreciation and amortization
 
$
59,830

 
$
3,598

 
$
63,428

Goodwill
 
$
9,425

 
$

 
$
9,425

Capital expenditures
 
$
218,113

 
$
6,586

 
$
224,699

Total assets
 
$
903,653

 
$
36,065

 
$
939,718

 
 
 
 
 
 
 
 
 
Nine Months Ended September 30, 2017
($ in thousands)
 
Pressure Pumping
 
All Other
 
Total
Service revenue
 
$
639,355

 
$
28,798

 
$
668,153

Adjusted EBITDA
 
$
98,296

 
$
(3,641
)
 
$
94,655

Depreciation and amortization
 
$
35,228

 
$
3,374

 
$
38,602

Goodwill
 
$
9,425

 
$

 
$
9,425

Capital expenditures
 
$
203,097

 
$
3,231

 
$
206,328

Total assets at December 31, 2017
 
$
688,279

 
$
30,753

 
$
719,032


Reconciliation of net income (loss) to adjusted EBITDA:
 
 
Three Months Ended September 30, 2018
($ in thousands)
 
Pressure Pumping
 
All Other
 
Total
Net income (loss)
 
$
66,493

 
$
(20,208
)
 
$
46,285

Depreciation and amortization
 
22,026

 
1,191

 
23,217

Interest expense
 

 
1,480

 
1,480

Income tax expense
 

 
13,592

 
13,592

Loss on disposal of assets
 
16,117

 
290

 
16,407

Stock-based compensation
 

 
1,631

 
1,631

Other expense
 

 
93

 
93

Deferred IPO bonus expense
 
433

 
230

 
663

Adjusted EBITDA
 
$
105,069

 
$
(1,701
)
 
$
103,368

 
 
 
 
 
 
 
 
 
Three Months Ended September 30, 2017
($ in thousands)
 
Pressure Pumping
 
All Other
 
Total
Net income (loss)
 
$
28,372

 
$
(6,407
)
 
$
21,965

Depreciation and amortization
 
13,637

 
1,108

 
14,745

Interest expense
 

 
644

 
644

Income tax benefit
 

 
(96
)
 
(96
)
Loss on disposal of assets
 
7,552

 
1,190

 
8,742

Stock-based compensation
 

 
751

 
751

Other expense
 

 
191

 
191

Other general and administrative expense(1)
 

 
149

 
149

Deferred IPO bonus expense
 
452

 
225

 
677

Adjusted EBITDA
 
$
50,013

 
$
(2,245
)
 
$
47,768


 
(1) Other general and administrative expense relates to legal settlement expense. 
 
 
Nine Months Ended September 30, 2018
($ in thousands)
 
Pressure Pumping
 
All Other
 
Total
Net income (loss)
 
$
176,952

 
$
(54,868
)
 
$
122,084

Depreciation and amortization
 
59,830

 
3,598

 
63,428

Interest expense
 

 
4,973

 
4,973

Income tax expense
 

 
35,998

 
35,998

Loss/(gain) on disposal of assets
 
43,768

 
(707
)
 
43,061

Stock-based compensation
 

 
3,832

 
3,832

Other expense
 

 
505

 
505

Other general and administrative expense (1)
 
2

 
18

 
20

Deferred IPO bonus expense
 
1,399

 
780

 
2,179

Adjusted EBITDA
 
$
281,951

 
$
(5,871
)
 
$
276,080

 
 
 
 
 
 
 
 
 
Nine Months Ended September 30, 2017
($ in thousands)
 
Pressure Pumping
 
All Other
 
Total
Net income (loss)
 
$
30,087

 
$
(27,552
)
 
$
2,535

Depreciation and amortization
 
35,228

 
3,374

 
38,602

Interest expense
 

 
6,469

 
6,469

Income tax expense
 

 
128

 
128

Loss on disposal of assets
 
27,943

 
1,028

 
28,971

Stock-based compensation
 

 
8,730

 
8,730

Other expense
 

 
792

 
792

Other general and administrative expense (1)
 

 
722

 
722

Deferred IPO bonus expense
 
5,038

 
2,668

 
7,706

Adjusted EBITDA
 
$
98,296

 
$
(3,641
)
 
$
94,655

 
(1) Other general and administrative expense relates to legal settlement expense.