v3.20.2
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues:    
Total revenues $ 128,498 $ 197,203
Expenses:    
Impairments 99,628  
Depreciation and amortization 14,765 27,498
(Gain) loss on disposal of assets 2,619 1,455
Other income (expense):    
Interest expense (10,619) (10,613)
Loss on derivative (3,552) 0
Loss from continuing operations before income taxes (140,219) (16,638)
Income tax (expense) benefit 3,790 1,851
Loss from continuing operations (136,429) (14,787)
Loss from discontinued operations (8,452) (12,689)
Net loss $ (144,881) $ (27,476)
Loss per share of common stock:    
Net loss from continuing operations per share, basic and diluted (in dollars per share) $ (5.48) $ (0.55)
Net loss from discontinued operations per share, basic and diluted (in dollars per share) (0.34) (0.47)
Net loss per share of common stock, basic and diluted (in dollars per share) $ (5.82) $ (1.02)
Continuing Operations    
Revenues:    
Total revenues $ 128,403 $ 153,190
Expenses:    
Expenses 105,119 111,123
General and administrative, including stock-based compensation of $1,336 and $3,288 in the three months ended March 31, 2020 and 2019, respectively 35,068 31,754
Impairments 99,628 0
Depreciation and amortization 14,765 16,182
(Gain) loss on disposal of assets (37) 697
Total expenses 254,543 159,756
Operating loss (126,140) (6,566)
Other income (expense):    
Interest expense (10,619) (10,613)
Interest income 62 245
Loss on derivative (3,552) 0
Other income 30 296
Well Servicing | Continuing Operations    
Revenues:    
Total revenues 58,141 61,984
Expenses:    
Expenses 50,818 48,808
Water Logistics | Continuing Operations    
Revenues:    
Total revenues 44,381 55,601
Expenses:    
Expenses 33,119 37,299
Completion & Remedial Services | Continuing Operations    
Revenues:    
Total revenues 25,881 35,605
Expenses:    
Expenses $ 21,182 $ 25,016

Source