Liberty Oilfield Services Inc. LBRT Income Statement

Liberty oilfield services inc. (LBRT)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17
Revenue:
Revenue
472,344	397,972	507,948	537,322	528,831	460,325	552,525	628,084	491,098	444,842	436,333	334,740	249,218
Revenue—related parties
0	0	7,131	4,825	6,317	12,786	6,252	0	4,062	4,019	5,520	11,985	3,176
Total revenue
472,344	397,971	515,079	542,147	535,148	473,115	558,777	628,084	495,160	448,883	441,853	346,725	252,394
Operating costs and expenses:
Cost of services (exclusive of depreciation and amortization shown separately below)
392,716	344,430	421,007	426,444	429,299	377,590	418,867	455,469	376,827	339,315	328,434	267,626	211,633
General and administrative
28,613	26,210	25,302	23,989	22,088	25,403	24,659	27,313	21,677	20,738	22,245	20,022	17,084
Depreciation and amortization
44,831	44,299	42,324	40,368	38,387	34,183	32,305	30,606	28,016	25,642	24,164	17,521	14,146
(Gain) loss on disposal of assets
102	-1,359	124	-143	-1,223	5,608	-701	-485	-80	-160	-21	-10	43
Total operating costs and expenses
466,058	416,298	488,509	490,944	490,997	431,568	476,532	513,873	426,600	385,855	374,864	305,179	242,820
Operating income
6,286	-18,327	26,570	51,203	44,151	41,547	82,245	114,211	68,560	63,028	66,989	41,546	9,574
Other (income) expense:
Interest income
263	-	-	-	165	-	-	-	-	-	-	-	-
Interest income—related party
187	-	-	-	0	-	-	-	-	-	-	-	-
Interest expense
4,058	5,815	3,726	3,597	4,347	3,463	3,648	3,540	6,494	-	3,326	1,750	-
Interest (income) expense—related party
-	-	-	-	-	-	-	-	-	-	0	761	-
Total interest expense
3,608	3,176	-	-	4,182	-	-	-	-	5,347	3,326	2,511	1,452
Net income before income taxes
2,678	-21,503	22,844	47,606	39,969	38,084	78,597	110,671	62,066	57,681	63,663	39,035	8,122
Income tax expense
300	-3,095	4,000	7,100	6,100	4,147	12,200	15,930	8,079	0	0	0	0
Net income
2,417	-18,408	18,840	40,523	33,909	33,937	66,368	94,741	53,987	57,681	63,663	39,035	8,122
Less: Net income attributable to Predecessor, prior to Corporate Reorganization
-	-	0	0	-	0	0	0	8,705	57,681	63,663	39,035	8,122
Less: Net income attributable to non-controlling interests
697	-6,260	7,842	18,491	15,788	14,951	32,275	45,146	21,607	0	0	0	0
Net income attributable to Liberty Oilfield Services Inc. stockholders
1,720	-12,148	10,998	22,032	18,121	18,986	34,093	49,595	23,675	0	0	0	0
Net income attributable to Liberty Oilfield Services Inc. stockholders per common share:
Basic (in dollars per share)
0.02	-0.15	0.15	0.32	0.27	0.28	0.50	0.72	0.34	-	-	-	-
Diluted (in dollars per share)
0.02	-0.15	0.15	0.32	0.26	0.27	0.49	0.71	0.34	-	-	-	-
Weighted average common shares outstanding:
Basic (in shares)
81,651	79,332	74,173	68,404	67,427	68,860	68,548	69,020	68,924	-	-	-	-
Diluted (in shares)
114,952	79,451	113,064	114,338	114,171	116,062	118,470	118,638	118,182	-	-	-	-