Nextier oilfield solutions inc. (FRAC)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16
Revenue

627,625

528,216

443,953

427,733

421,654

486,549

558,908

578,533

513,016

501,490

477,302

323,136

240,153

151,033

116,753

91,589

61,195

Operating costs and expenses:
Cost of services

512,226

408,345

333,438

324,503

337,646

372,654

436,799

447,685

403,408

-

391,089

-

223,992

142,978

120,480

85,039

67,845

Depreciation and amortization

85,821

82,080

68,708

69,886

71,476

71,403

68,287

59,404

60,051

49,964

46,204

32,739

30,373

29,036

28,114

27,721

16,108

Selling, general and administrative expenses

56,884

42,698

33,230

32,571

27,936

28,466

27,783

24,125

33,884

15,939

28,592

22,334

17,988

8,421

9,218

15,356

20,160

Merger and integration

12,182

55,972

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Gain (loss) on disposal of assets

7,962

-3,640

-700

300

-481

122

-1,100

-3,287

-769

2,464

-302

2

436

-

-176

-

-

Impairment expense

34,327

12,346

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Total operating costs and expenses

693,478

605,081

436,055

426,630

437,539

472,401

533,982

534,501

498,112

461,253

466,187

333,455

271,917

180,057

157,988

128,116

104,113

Operating loss

-65,853

-76,865

7,898

1,103

-15,885

14,148

24,926

44,032

14,904

40,237

11,115

-10,319

-31,764

-29,024

-41,235

-36,527

-42,918

Other income (expense):
Other income, net

416

-7

55

-43

448

-2,386

14,454

16

-12,989

9,316

942

3,701

4

380

-470

873

133

Interest expense, net

6,066

5,769

5,215

5,477

5,395

6,219

5,978

14,317

6,990

7,318

7,195

4,349

40,361

9,892

9,962

10,037

8,408

Total other income (expense)

-5,650

-5,776

-5,160

-5,520

-4,947

-8,605

8,476

-14,301

-19,979

1,998

-6,253

-648

-40,357

-9,512

-10,432

-9,164

-8,275

Loss before income taxes

-71,503

-82,641

2,738

-4,417

-20,832

5,543

33,402

29,731

-5,075

42,235

4,862

-10,967

-72,121

-38,536

-51,667

-45,691

-51,193

Income tax expense

253

287

-820

564

974

-585

2,623

-936

3,168

-1,712

797

931

134

-114

0

0

0

Net loss

-71,756

-82,928

3,558

-4,981

-21,806

6,128

30,779

30,667

-8,243

43,947

4,065

-11,898

-72,255

-38,536

-51,667

-45,691

-51,193

Other comprehensive loss, net of tax:
Foreign currency translation adjustments

1,107

-87

0

0

-29

-77

28

-31

-34

-12

64

31

13

-35

-8

0

65

Hedging activities

-2,620

1,036

-2,120

-3,682

-2,862

-4,309

1,119

99

2,211

958

-178

0

11

-3,123

104

-156

1,391

Total comprehensive loss

-73,269

-81,979

1,438

-8,663

-24,697

1,742

31,926

30,735

-6,066

44,893

3,951

-11,867

-72,231

-41,694

-51,571

-45,847

-49,737

Net loss per share:
Basic net loss per share (in dollars per share)

-0.34

-0.63

0.03

-0.05

-0.21

0.05

0.28

0.28

-0.07

0.44

0.04

-0.12

-0.70

-

-0.59

-

-

Diluted net loss per share (in dollars per share)

-0.34

-0.63

0.03

-0.05

-0.21

0.06

0.28

0.27

-0.07

0.44

0.04

-0.12

-0.70

-

-0.59

-

-

Earnings per share, basic and diluted (in usd per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.52

-0.59

Unaudited net loss per share:
Weighted-average shares outstanding: basic (in shares)

212,842

177,750

104,899

104,837

104,422

105,186

108,825

111,319

112,010

107,749

111,509

103,013

103,013

-

87,313

87,313

-

Weighted-average shares outstanding: diluted (in shares)

212,842

177,387

105,259

104,840

104,422

106,097

108,990

111,543

112,010

107,503

111,755

103,013

103,013

-

87,313

-

-

Weighted average shares outstanding, basic and diluted (in shares)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

87,313