Civeo corp (CVEO)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13
Revenues:
Revenue from Contract with Customer [Abstract]
Total revenues

138,792

148,689

148,163

122,153

108,550

114,520

120,491

130,177

101,504

-

97,489

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Costs and expenses:
Total Revenues

-

-

-

-

-

-

-

-

-

-

-

92,010

91,429

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Service and other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

97,792

100,748

91,767

91,547

101,258

128,851

168,132

211,962

233,314

223,927

238,858

251,167

239,322

237,242

289,038

Product

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,446

6,287

3,269

5,738

5,286

14,296

2,855

7,732

9,951

3,206

13,941

7,310

5,777

5,748

5,500

Total revenues

-

-

-

-

-

-

-

-

-

-

-

-

-

-

104,238

107,035

95,036

97,285

106,544

143,147

170,987

219,694

243,265

227,133

252,799

258,477

245,099

242,990

294,538

Costs and expenses:
Service and other costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

61,534

58,599

61,377

60,307

63,732

77,010

99,839

123,601

126,998

131,110

131,378

128,907

126,972

127,736

146,960

Product costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,430

5,987

4,566

5,220

6,019

12,414

3,072

7,404

10,103

2,195

12,132

5,540

5,154

4,858

3,488

Selling, general and administrative expenses

13,937

16,626

14,334

12,530

16,096

11,847

16,854

21,821

16,514

19,290

15,871

14,060

14,210

13,241

13,644

15,295

13,117

16,645

16,691

18,419

16,686

19,276

13,216

21,708

16,145

19,213

17,212

16,898

16,267

Spin-off and formation costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

853

1,028

1,896

573

-

-

-

-

Depreciation and amortization expense

25,502

30,794

31,196

30,996

30,782

26,344

34,468

34,270

30,764

29,360

32,700

31,554

32,829

30,858

33,721

33,168

33,555

31,831

36,172

42,541

42,446

47,200

45,758

42,413

39,599

42,703

42,011

41,411

41,088

Impairment expense

144,120

20,602

0

5,546

0

0

0

0

28,661

27,244

4,360

0

0

0

37,729

0

8,400

0

110,715

9,473

2,738

-

-

-

-

-

-

-

-

Impairment expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11,610

-

-

-

-

-

Other operating expense (income)

-989

-181

-277

103

65

-442

163

-132

-379

-407

-375

-279

-450

-256

-138

0

-218

3,816

3,945

2,573

-1,330

-436

-165

25

-112

1,565

-366

-455

4,026

Costs and expenses

287,861

170,667

145,287

134,209

126,443

121,664

133,386

145,678

154,019

146,876

118,833

105,377

109,161

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total costs and expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

153,196

113,049

121,233

-

229,384

157,284

166,111

477,668

197,268

210,907

199,939

194,798

191,715

191,358

203,777

Operating loss

-149,069

-21,978

2,876

-12,056

-17,893

-7,144

-12,895

-15,501

-52,515

-45,528

-21,344

-13,367

-17,732

-14,591

-48,958

-6,014

-26,197

-12,902

-122,840

-14,137

4,876

-257,974

45,997

16,226

52,860

63,679

53,384

51,632

90,761

Interest expense to affiliates

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-137

0

2,828

4,289

4,930

4,563

4,624

4,816

Interest expense

5,595

6,713

7,315

6,720

6,635

6,929

6,404

7,103

5,822

5,742

5,441

4,752

5,504

5,726

6,072

5,925

4,944

4,706

6,022

6,248

5,609

5,951

5,335

2,269

841

1,067

992

1,805

2,165

Gain (Loss) on Extinguishment of Debt

-

-

0

0

-

-

0

-748

-

0

0

0

-842

0

0

0

-302

0

-1,474

0

0

-

0

-3,455

-

-

-

-1,207

-

Interest income

16

12

17

22

27

134

16

18

58

131

49

10

10

12

26

28

86

64

160

687

1,122

937

1,048

991

939

938

347

475

572

Other income

25

399

2,849

1,055

2,978

-1,300

412

252

2,259

61

517

476

254

1,587

1,338

-392

112

1,451

261

566

998

6,513

64

709

238

-89

3,236

192

410

Loss before income taxes

-154,623

-28,280

-1,573

-17,699

-21,523

-15,239

-18,871

-23,082

-56,020

-51,078

-26,219

-17,633

-23,814

-18,718

-53,666

-12,303

-31,245

-16,093

-129,915

-19,132

1,387

-256,338

41,774

9,374

48,907

58,531

51,412

44,663

84,762

Income tax benefit

-8,800

3,238

-6,629

-2,850

-4,500

-1,935

-5,330

-23,400

-700

-3,615

-4,011

-2,916

-2,948

-2,888

-11,697

-949

-4,571

-5,638

-22,745

-5,863

1,157

14,968

9,011

-4,911

12,311

12,705

11,418

11,360

20,572

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

-145,812

-31,502

5,056

-14,849

-17,039

-13,260

-13,541

289

-55,335

-47,463

-22,208

-14,717

-20,866

-15,830

-41,969

-11,354

-26,674

-10,455

-107,170

-13,269

230

-271,306

32,763

14,285

36,596

45,825

39,994

33,303

64,190

Less: Net income attributable to noncontrolling interest

258

97

60

0

0

55

97

122

122

116

123

99

121

119

162

132

148

142

515

192

246

328

360

336

357

372

353

333

378

Net loss attributable to Civeo Corporation

-146,070

-31,599

4,996

-14,849

-17,039

-13,315

-13,638

167

-55,457

-47,579

-22,331

-14,816

-20,987

-15,949

-42,131

-11,486

-26,822

-10,597

-107,685

-13,461

-16

-271,634

32,403

13,949

36,239

45,453

39,641

32,970

63,812

Less: Dividends attributable to Class A preferred shares

468

-

464

461

459

-

612

48,488

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Income (Loss) from Continuing Operations Available to Common Shareholders, Basic

-146,538

-

4,532

-

-17,498

-

-14,250

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss attributable to Civeo common shareholders

-

-

-

-15,310

-

-

-

-48,321

-55,457

-

-22,331

-14,816

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Earnings Per Share [Abstract]
Basic net loss per share attributable to Civeo Corporation common shareholders (USD per share)

-0.87

-0.18

0.02

-0.09

-0.11

-0.04

-0.09

-0.29

-0.42

-0.37

-0.17

-0.11

-0.17

-0.15

-0.39

-0.11

-0.25

-0.10

-1.01

-0.13

0.00

-2.54

0.30

0.13

0.34

-

0.37

0.31

-

Diluted net loss per share attributable to Civeo Corporation common shareholders (USD per share)

-0.87

-0.18

0.02

-0.09

-0.11

-0.04

-0.09

-0.29

-0.42

-0.37

-0.17

-0.11

-0.17

-0.15

-0.39

-0.11

-0.25

-0.10

-1.01

-0.13

0.00

-2.54

0.30

0.13

0.34

-

0.37

0.31

-

Weighted average number of common shares outstanding:
Weighted Average Number of Shares Outstanding, Basic

168,519

167,686

167,640

167,532

165,330

166,065

165,855

165,373

131,631

131,033

130,889

130,692

120,846

107,131

107,118

107,033

106,814

106,669

106,661

106,626

106,460

106,326

106,311

106,294

106,293

-

106,293

106,293

-

Weighted Average Number of Shares Outstanding, Diluted

168,519

167,684

167,642

167,532

165,330

166,065

165,855

165,373

131,631

131,033

130,889

130,692

120,846

107,131

107,118

107,033

106,814

106,669

106,661

106,626

106,460

105,804

106,495

106,465

106,460

-

106,460

106,460

-

Dividends per common share (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.13

-

-

-

-

-

-

Service and other
Total revenues

129,399

139,553

140,349

112,719

100,079

101,434

112,243

122,069

93,083

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Service and other costs

96,044

94,978

93,642

77,659

72,644

71,051

74,546

81,694

68,806

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Rental
Total revenues

6,179

-

6,942

7,625

6,490

-

6,019

4,417

3,321

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Service and other costs

4,813

-

5,072

6,357

5,150

-

5,441

5,318

4,522

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Product
Total revenues

3,214

2,200

872

1,809

1,981

6,764

2,229

3,691

5,100

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Service and other costs

2,456

1,555

766

1,224

1,836

5,789

2,240

2,443

4,373

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-