| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
119,353 | 177,773 | 243,106 | 188,233 | 269,966 | 319,852 | 371,065 | 312,828 | 258,785 | 146,982 | 112,550 |
Costs and expenses: | ||||||||||
Operating expenses (excluding depreciation and amortization) | ||||||||||
149,225 | 159,808 | 188,744 | - | - | - | - | - | - | - | - |
Operating expenses (excluding depreciation and amortization) | ||||||||||
- | - | - | 143,983 | 172,033 | 189,088 | 223,538 | 181,209 | 152,965 | 94,012 | 83,166 |
Corporate general and administrative | ||||||||||
27,975 | 31,467 | 41,492 | 43,745 | - | 61,236 | 78,197 | 66,415 | 50,612 | 41,861 | 36,943 |
Gross profit | ||||||||||
- | - | - | - | - | 130,764 | 147,527 | 131,619 | 105,820 | 52,970 | 29,384 |
Depreciation and amortization | ||||||||||
8,465 | 9,216 | 9,768 | 8,172 | 8,735 | 6,141 | 7,273 | 4,410 | 3,983 | 4,543 | 4,926 |
Research and development | ||||||||||
8,863 | 10,356 | 13,130 | 9,319 | 6,657 | 4,787 | 3,752 | 3,182 | 2,337 | 1,441 | 2,118 |
Impairment of long-lived assets | ||||||||||
- | - | - | - | - | - | - | - | - | 8,898 | - |
(Gain) loss on disposal of long-lived assets | ||||||||||
-1,450 | 443 | -292 | 18 | 13 | 19 | 421 | 1,009 | 0 | -2,104 | - |
Goodwill, Impairment Loss | ||||||||||
0 | 37,180 | 0 | 0 | - | - | - | - | - | - | - |
Impairment of inventory and long-lived assets | ||||||||||
- | - | - | - | - | - | 0 | - | - | - | - |
Impairment of other intangible assets | ||||||||||
- | - | - | - | - | - | - | - | - | 390 | 18,500 |
Total costs and expenses | ||||||||||
195,978 | 247,584 | 253,426 | 205,201 | 257,688 | 72,145 | 88,801 | 72,998 | 56,932 | 59,237 | 62,487 |
Operating Income (Loss) | ||||||||||
-76,625 | -69,811 | -10,320 | -16,968 | 12,278 | 58,619 | 58,726 | 58,621 | 48,888 | -6,267 | -33,103 |
Other (expense) income: | ||||||||||
Loss on extinguishment of debt | ||||||||||
- | - | - | - | - | - | - | -7,257 | -3,225 | -995 | - |
Change in fair value of warrant liability | ||||||||||
- | - | - | - | - | - | - | 2,649 | 9,571 | -21,464 | 465 |
Interest expense | ||||||||||
2,019 | 2,866 | 2,168 | 1,979 | 1,521 | 1,373 | 2,092 | 8,103 | 15,960 | 19,399 | 15,524 |
Loss on sale of business | ||||||||||
0 | -360 | 0 | 0 | - | - | - | - | - | - | - |
Loss on write-down of assets held for sale | ||||||||||
0 | 2,580 | 0 | 0 | - | - | - | - | - | - | - |
Gain on legal settlement | ||||||||||
- | - | - | 12,730 | 0 | 0 | - | - | - | - | - |
Other financing costs | ||||||||||
- | - | - | - | - | - | - | - | - | 816 | - |
Other (expense) income, net | ||||||||||
1,708 | -5,040 | 1,096 | -434 | -123 | -376 | 316 | -452 | -4 | -69 | -155 |
Total other expense | ||||||||||
-311 | -10,846 | -1,072 | 10,317 | -1,644 | -1,749 | -1,776 | -13,163 | -9,618 | -42,743 | -15,214 |
Loss before income taxes | ||||||||||
-76,936 | -80,657 | -11,392 | -6,651 | 10,634 | 56,870 | 56,950 | 45,458 | 39,270 | -49,010 | -48,317 |
Income tax benefit (expense) | ||||||||||
-201 | -7,216 | 6,112 | -2,204 | 3,476 | 17,248 | 20,772 | -4,333 | 7,862 | -5,545 | 2,016 |
Loss from continuing operations | ||||||||||
-76,735 | -73,441 | -17,504 | -4,447 | - | - | - | - | - | - | - |
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | ||||||||||
44,456 | 2,743 | -9,891 | -44,683 | - | - | - | - | - | - | - |
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ||||||||||
-32,279 | -70,698 | -27,395 | -49,130 | - | - | - | - | - | - | - |
Net loss attributable to noncontrolling interests | ||||||||||
0 | -358 | 0 | 0 | - | - | - | - | - | - | - |
Net loss attributable to Flotek Industries, Inc. (Flotek) | ||||||||||
-32,279 | -70,340 | -27,395 | -49,130 | -13,462 | 53,603 | 36,178 | 49,791 | 31,408 | -43,465 | -50,333 |
Amounts attributable to Flotek shareholders: | ||||||||||
Loss from continuing operations | ||||||||||
-76,735 | -73,083 | -17,504 | -4,447 | 7,158 | 39,622 | - | - | - | - | - |
Income (loss) from discontinued operations, net of tax | ||||||||||
44,456 | 2,743 | -9,891 | -44,683 | -20,620 | 13,981 | - | - | - | - | - |
Net income (loss) attributable to Flotek Industries, Inc. (Flotek) | ||||||||||
-32,279 | -70,340 | -27,395 | - | - | - | - | - | - | - | - |
Basic earnings (loss) per common share: | ||||||||||
Continuing operations (in dollars per share) | ||||||||||
-1.31 | -1.26 | -0.30 | -0.08 | 0.13 | 0.73 | - | - | - | - | - |
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share | ||||||||||
0.76 | 0.05 | -0.17 | -0.80 | -0.38 | 0.26 | - | - | - | - | - |
Basic earnings (loss) per common share (in dollars per share) | ||||||||||
-0.55 | -1.21 | -0.47 | -0.88 | -0.25 | 0.99 | 0.70 | 1.03 | 0.60 | -1.94 | -2.68 |
Accrued dividends and accretion of discount on preferred stock | ||||||||||
- | - | - | - | - | - | - | - | 4,868 | 6,543 | 2,231 |
Net income attributable to common stockholders | ||||||||||
- | - | - | - | - | - | - | - | 26,540 | -50,008 | -52,564 |
Diluted earnings (loss) per common share: | ||||||||||
Continuing operations (in dollars per share) | ||||||||||
-1.31 | -1.26 | -0.30 | -0.08 | 0.13 | 0.71 | - | - | - | - | - |
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share | ||||||||||
0.76 | 0.05 | -0.17 | -0.80 | -0.37 | 0.25 | - | - | - | - | - |
Diluted earnings (loss) per common share (in dollars per share) | ||||||||||
-0.55 | -1.21 | -0.47 | -0.88 | -0.24 | 0.96 | 0.67 | 0.97 | 0.56 | -1.94 | -2.68 |
Weighted average common shares: | ||||||||||
Weighted Average Number of Shares Outstanding, Basic | ||||||||||
58,750 | 57,995 | 57,580 | 56,087 | 54,459 | 54,511 | 51,346 | 48,185 | 44,229 | 25,731 | 19,595 |
Weighted Average Number of Shares Outstanding, Diluted | ||||||||||
58,750 | 57,995 | 57,580 | 56,087 | 54,992 | 55,526 | 53,841 | 53,554 | 47,638 | 25,731 | 19,595 |