Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
REVENUE - Service revenue $ 1,704,562,000 $ 981,865,000 $ 436,920,000
COSTS AND EXPENSES:      
Cost of services (exclusive of depreciation and amortization) 1,270,577,000 813,823,000 404,140,000
General and administrative (inclusive of stock‑based compensation) 53,958,000 49,215,000 26,613,000
Depreciation and amortization 88,138,000 55,628,000 43,542,000
Property and equipment impairment expense 0 0 6,305,000
Goodwill impairment expense 0 0 1,177,000
Loss on disposal of assets 59,220,000 39,086,000 22,529,000
Total costs and expenses 1,471,893,000 957,752,000 504,306,000
OPERATING INCOME (LOSS) 232,669,000 24,113,000 (67,386,000)
OTHER INCOME (EXPENSE):      
Interest expense (6,889,000) (7,347,000) (20,387,000)
Gain on extinguishment of debt 0 0 6,975,000
Other expense (663,000) (1,025,000) (321,000)
Total other income (expense) (7,552,000) (8,372,000) (13,733,000)
INCOME (LOSS) BEFORE INCOME TAXES 225,117,000 15,741,000 (81,119,000)
INCOME TAX (EXPENSE)/BENEFIT (51,255,000) (3,128,000) 27,972,000
NET INCOME (LOSS) $ 173,862,000 $ 12,613,000 $ (53,147,000)
NET INCOME (LOSS) PER COMMON SHARE:      
Basic (in dollars per share) $ 2.08 $ 0.17 $ (1.19)
Diluted (in dollars per share) $ 2.00 $ 0.16 $ (1.19)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:      
Basic (in shares) 83,460 76,371 44,787
Diluted (in shares) 87,046 79,583 44,787
Oil and Gas Service      
REVENUE - Service revenue $ 1,704,562,000 $ 981,865,000 $ 436,920,000