Flotek industries inc/cn/ (FTK)
Income statement / Quarterly
Dec'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'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Revenue

19,526

21,879

34,692

43,256

43,449

53,709

39,546

41,069

-1,483

79,458

85,177

79,954

-3,995

64,337

64,079

63,812

12,621

87,942

87,030

82,373

-4,802

116,761

105,318

102,575

100,848

98,388

93,586

78,243

76,702

78,628

78,303

79,195

74,904

75,058

55,918

52,905

39,982

31,174

Costs and expenses:
Operating expenses (excluding depreciation and amortization)

-

23,689

38,306

-

-

45,647

35,544

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating expenses (excluding depreciation and amortization)

-

-

-

44,599

-

-

-

36,655

-

57,191

58,574

51,625

19,621

41,983

42,361

40,018

1,694

56,715

57,778

55,846

-3,497

70,683

63,008

58,894

61,047

60,886

55,992

45,613

45,402

44,785

45,278

45,744

43,190

44,341

33,674

31,760

23,915

19,823

Corporate general and administrative

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19,577

-

23,634

23,021

23,568

-2,689

21,499

20,854

21,572

19,557

19,542

21,081

18,017

18,555

17,171

15,776

14,913

14,446

13,096

12,729

10,341

8,539

13,218

Gross profit

-

-

-

-

-

-

-

-

-

-

-

-

-

22,354

21,718

23,794

-

31,227

29,252

26,527

-1,305

46,078

42,310

43,681

39,801

37,502

37,594

32,630

31,300

33,843

33,025

33,451

31,714

30,717

22,244

21,145

16,067

11,351

Corporate general and administrative

-

5,685

6,054

7,281

-

7,476

8,665

8,493

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

2,028

2,058

2,119

2,260

2,281

2,259

2,343

2,333

678

3,067

2,991

3,032

2,148

2,217

1,905

1,902

477

2,785

2,797

2,676

-1,084

2,439

2,501

2,285

2,042

2,038

2,003

1,190

1,244

1,170

1,038

958

954

993

1,015

1,021

1,230

1,182

Research and development

2,205

2,297

2,076

2,285

2,303

2,350

2,949

2,754

3,189

2,691

4,109

3,141

2,997

2,327

2,048

1,947

1,384

2,031

1,670

1,572

1,188

1,293

1,280

1,026

1,063

835

979

875

819

909

622

832

721

523

594

499

294

364

(Gain) loss on disposal of long-lived assets

-354

-3

4

-1,097

562

-57

-5

-57

109

11

-214

-198

-11

14

15

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill, Impairment Loss

-

0

0

-

-

0

37,180

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment of inventory and long-lived assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

20,372

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total costs and expenses

56,173

33,732

48,551

57,522

52,817

57,789

86,686

50,292

3,859

82,561

86,429

80,577

135,606

24,607

21,562

23,426

153,562

28,450

47,860

27,816

-2,604

25,231

24,635

24,883

22,241

22,415

24,063

20,082

19,609

19,250

17,436

16,703

16,121

14,612

14,338

11,861

10,063

14,764

Operating Income (Loss)

-36,647

-11,853

-13,859

-14,266

-9,368

-4,080

-47,140

-9,223

-5,342

-3,103

-1,252

-623

-15,239

-2,253

156

368

29,398

2,777

-18,608

-1,289

1,299

20,847

17,675

18,798

17,560

15,087

13,531

12,548

11,691

14,593

15,589

16,748

15,593

16,105

7,906

9,284

6,004

-3,413

Other (expense) income:
Loss on extinguishment of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-871

0

-995

-5,391

-

0

-3,225

-

-

-

Change in fair value of warrant liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

6,524

-3,875

-9,038

7,802

3,253

7,554

-1,106

497

Interest expense

4

1

16

1,998

964

746

640

516

451

574

549

594

443

518

610

408

218

476

420

407

114

424

381

454

597

530

531

434

1,858

1,830

2,164

2,251

3,327

3,287

4,489

4,857

5,384

4,945

Loss on sale of business

-

0

-

-

-

-360

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on write-down of assets held for sale

-

0

0

-

-

0

2,580

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other (expense) income, net

469

436

693

110

-2,440

10

-2,499

-111

432

273

237

154

-340

-41

-47

-6

30

74

-2

-225

-71

-87

-272

54

199

59

170

-112

-85

-17

-343

-7

-47

23

3

17

81

-10

Total other expense

465

435

677

-1,888

-3,404

-1,096

-5,719

-627

-19

-301

-312

-440

11,947

-559

-657

-414

-188

-402

-422

-632

-185

-511

-653

-400

-398

-471

-361

-546

-2,814

-1,847

3,022

-11,524

-12,412

4,538

-4,458

2,714

-6,409

-4,458

Loss before income taxes

-36,182

-11,418

-13,182

-16,154

-12,772

-5,176

-52,859

-9,850

-5,361

-3,404

-1,564

-1,063

-3,292

-2,812

-501

-46

29,210

2,375

-19,030

-1,921

1,114

20,336

17,022

18,398

17,162

14,616

13,170

12,002

8,877

12,746

18,611

5,224

3,181

20,643

3,448

11,998

-405

-7,871

Income tax benefit (expense)

956

-191

-192

-774

-22,689

-333

16,128

-322

6,857

17

-442

-320

-855

-942

-390

-17

9,965

400

-6,483

-406

-1,177

6,064

5,981

6,380

6,157

5,648

4,730

4,237

-14,324

2,940

5,433

1,618

2,190

2,726

1,322

1,624

758

-1,709

Loss from continuing operations

-37,138

-11,227

-12,990

-15,380

9,917

-4,843

-68,987

-9,528

-

-3,421

-1,122

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest

-2,425

117

-1,608

48,372

-1,359

911

-6,404

9,595

-

319

-2,704

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-39,563

-11,110

-14,598

32,992

8,558

-3,932

-75,391

67

-

-3,102

-3,826

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss attributable to noncontrolling interests

0

0

0

-

-

0

-357

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss attributable to Flotek Industries, Inc. (Flotek)

-39,563

-11,110

-14,598

-

-

-3,932

-75,034

-

-8,489

-3,102

-3,826

-11,978

-13,919

-2,746

-2,280

-30,185

-1,375

1,975

-12,547

-1,515

16,272

14,272

11,041

12,018

11,005

8,968

8,440

7,765

23,201

9,806

13,178

3,606

991

17,917

2,126

10,374

-1,163

-6,162

Amounts attributable to Flotek shareholders:
Loss from continuing operations

-37,138

-11,227

-12,990

-

-

-4,843

-68,630

-

-12,218

-3,421

-1,122

-743

-2,437

-1,870

-111

-29

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income (loss) from discontinued operations, net of tax

-2,425

117

-1,608

-

-

911

-6,404

-

3,729

319

-2,704

-11,235

-11,482

-876

-2,169

-30,156

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income (loss) attributable to Flotek Industries, Inc. (Flotek)

-39,563

-11,110

-14,598

-

-

-3,932

-75,034

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Basic earnings (loss) per common share:
Continuing operations (in dollars per share)

-0.64

-0.19

-0.22

-0.26

0.18

-0.08

-1.19

-0.17

-0.21

-0.06

-0.02

-0.01

-0.05

-0.03

0.00

0.00

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share

-0.04

0.00

-0.03

0.83

-0.03

0.02

-0.11

0.17

0.06

0.01

-0.05

-0.19

-0.19

-0.02

-0.04

-0.55

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Basic earnings (loss) per common share (in dollars per share)

-0.68

-0.19

-0.25

0.57

0.15

-0.06

-1.30

0.00

-0.15

-0.05

-0.07

-0.20

-0.24

-0.05

-0.04

-0.55

-0.03

0.04

-0.23

-0.03

0.31

0.26

0.20

0.22

0.20

0.17

0.17

0.16

0.48

0.20

0.27

0.08

0.02

0.38

0.05

0.15

-0.09

-0.28

Accrued dividends and accretion of discount on preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

4,868

1,191

1,273

Net income attributable to common stockholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

991

17,917

2,126

5,506

-2,354

-7,435

Diluted earnings (loss) per common share:
Continuing operations (in dollars per share)

-0.64

-0.19

-0.22

-0.26

0.18

-0.08

-1.19

-0.17

-0.21

-0.06

-0.02

-0.01

-0.05

-0.03

0.00

0.00

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share

-0.04

0.00

-0.03

0.83

-0.03

0.02

-0.11

0.17

0.06

0.01

-0.05

-0.19

-0.19

-0.02

-0.04

-0.55

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Diluted earnings (loss) per common share (in dollars per share)

-0.68

-0.19

-0.25

0.57

0.15

-0.06

-1.30

0.00

-0.15

-0.05

-0.07

-0.20

-0.24

-0.05

-0.04

-0.55

-0.02

0.04

-0.23

-0.03

0.28

0.26

0.20

0.22

0.20

0.16

0.16

0.15

0.46

0.19

0.25

0.07

0.04

0.35

0.04

0.13

-0.09

-0.28

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

59,015

59,004

58,608

58,373

58,533

58,319

57,869

57,259

57,191

57,602

57,854

57,673

57,795

56,899

54,910

54,744

54,546

54,578

54,264

54,448

54,662

54,789

54,645

53,948

52,974

52,742

51,086

48,582

48,460

48,384

48,227

47,669

47,418

47,178

44,749

37,571

26,690

26,445

Weighted Average Number of Shares Outstanding, Diluted

59,015

59,004

58,608

58,373

58,533

58,319

57,869

57,259

57,191

57,602

57,854

57,673

57,795

56,899

54,910

54,744

56,309

54,947

54,264

54,448

55,483

55,690

55,533

55,398

55,112

55,317

53,713

51,222

56,366

53,478

54,032

50,340

45,242

54,329

47,433

43,548

26,690

26,445

Corporate
General, selling and administrative

-

-

-

-

-

-

-

-

-

10,346

11,155

12,272

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss from operations

-

-

-

-

-

-

-

-

-

-10,955

-11,767

-12,876

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating Segments
General, selling and administrative

-

-

-

-

-

-

-

-

-

9,277

9,386

10,309

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-