Quarterly report pursuant to Section 13 or 15(d)

Reportable Segment Information (Tables)

v3.19.1
Reportable Segment Information (Tables)
3 Months Ended
Mar. 31, 2019
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 March 31, 2019
($ in thousands)
 
Pressure Pumping
 
All Other
 
Total
Service revenue
 
$
532,064

 
$
14,115

 
$
546,179

Adjusted EBITDA
 
$
151,040

 
$
(765
)
 
$
150,275

Depreciation and amortization
 
$
31,783

 
$
1,334

 
$
33,117

Goodwill
 
$
9,425

 
$

 
$
9,425

Capital expenditures
 
$
82,035

 
$
4,112

 
$
86,147

Total assets
 
$
1,351,786

 
$
57,219

 
$
1,409,005

 
 
 
 
 
 
 
 
 
Three Months Ended March 31, 2018
($ in thousands)
 
Pressure Pumping
 
All Other
 
Total
Service revenue
 
$
375,045

 
$
10,174

 
$
385,219

Adjusted EBITDA
 
$
79,063

 
$
(2,319
)
 
$
76,744

Depreciation and amortization
 
$
17,763

 
$
1,173

 
$
18,936

Goodwill
 
$
9,425

 
$

 
$
9,425

Capital expenditures
 
$
77,435

 
$
2,519

 
$
79,954

Total assets at December 31, 2018
 
$
1,230,830

 
$
43,692

 
$
1,274,522


Reconciliation of net income (loss) to adjusted EBITDA:
 
 
Three Months Ended March 31, 2019
($ in thousands)
 
Pressure Pumping
 
All Other
 
Total
Net income (loss)
 
$
98,094

 
$
(28,289
)
 
$
69,805

Depreciation and amortization
 
31,783

 
1,334

 
33,117

Interest expense
 

 
1,903

 
1,903

Income tax expense
 

 
21,892

 
21,892

Loss on disposal of assets
 
19,006

 
222

 
19,228

Stock-based compensation
 

 
1,829

 
1,829

Other expense
 

 
187

 
187

Deferred IPO bonus and retention expense
 
2,157

 
157

 
2,314

Adjusted EBITDA
 
$
151,040

 
$
(765
)
 
$
150,275

 
 
 
 
 
 
 
 
 
Three Months Ended March 31, 2018
($ in thousands)
 
Pressure Pumping
 
All Other
 
Total
Net income (loss)
 
$
52,934

 
$
(16,226
)
 
$
36,708

Depreciation and amortization
 
17,763

 
1,173

 
18,936

Interest expense
 

 
1,261

 
1,261

Income tax expense
 

 
10,353

 
10,353

Loss (gain) on disposal of assets
 
7,828

 
(163
)
 
7,665

Stock-based compensation
 

 
758

 
758

Other expense
 

 
230

 
230

Other general and administrative expense(1)
 

 
1

 
1

Deferred IPO bonus expense
 
538

 
294

 
832

Adjusted EBITDA
 
$
79,063

 
$
(2,319
)
 
$
76,744


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