Pioneer energy services corp. (PES)
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
Revenues:
Production Services Revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

40,899

34,331

41,768

-

66,242

76,452

95,399

140,264

145,150

132,259

121,077

112,213

112,946

110,104

96,596

98,015

104,111

110,776

107,674

84,797

78,887

64,762

53,593

49,877

40,931

Drilling Services Revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

27,454

27,959

33,184

-

41,238

58,559

98,415

142,846

128,117

127,553

117,957

125,970

131,033

138,250

133,074

129,853

125,662

119,048

124,304

118,859

108,764

106,523

99,756

85,667

76,096

Revenues

129,983

146,398

152,843

146,568

141,505

149,332

154,782

144,478

126,287

117,281

107,130

95,757

71,481

68,353

62,290

74,952

104,473

107,480

135,011

193,814

283,110

273,267

259,812

239,034

238,183

243,979

248,354

229,670

227,868

229,773

229,824

231,978

203,656

187,651

171,285

153,349

135,544

117,027

Costs and expenses:
Operating costs

98,739

108,059

115,970

108,585

103,989

108,961

114,197

102,766

92,424

86,669

79,059

72,728

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Production Services Costs and Expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

31,912

28,742

34,849

-

48,643

53,106

68,769

89,369

89,993

82,576

77,752

73,112

72,115

70,450

60,619

61,001

65,395

65,683

60,696

48,989

44,394

37,754

33,228

29,196

24,527

Drilling Services Costs and Expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

19,776

14,773

17,440

-

23,003

32,815

62,295

98,810

88,963

84,022

76,338

86,750

89,350

89,294

88,986

85,950

88,188

78,631

81,077

79,430

72,430

73,190

67,509

59,957

58,549

Depreciation, Depletion and Amortization

22,456

22,924

22,851

22,653

23,019

23,501

23,287

23,747

24,422

24,623

24,740

24,992

26,903

28,663

28,922

29,824

35,411

35,257

38,489

41,782

45,978

46,081

45,791

45,526

46,871

47,414

47,348

46,285

44,288

42,067

39,989

38,373

35,160

32,992

32,424

32,256

30,847

29,557

General and Administrative Expense

22,914

30,485

18,028

19,758

16,051

14,043

24,829

19,194

18,276

17,549

16,112

17,744

15,106

14,312

15,258

16,508

16,994

16,686

18,363

21,860

27,013

26,613

25,276

24,483

23,833

23,691

23,605

23,054

20,926

21,269

22,265

21,143

19,232

17,705

15,860

14,521

13,030

12,257

Provision for bad debt net of recoveries

11

196

-348

62

582

111

-370

-52

151

491

-226

-363

458

-359

112

-55

170

-1,071

394

319

989

19

561

-124

314

35

137

281

75

-368

-56

-91

548

322

139

-84

-22

-7

Asset Impairment Charges

1,289

0

332

1,046

1,815

239

2,368

0

-

0

795

-

-

4,262

0

-

49,504

2,329

71,329

5,990

72,347

678

0

0

-

9,504

44,788

-

99

0

0

1,032

0

484

0

0

0

-

Gain on dispositions of property and equipment, net

2,304

-17

1,126

1,100

199

1,861

726

335

1,357

1,159

621

471

1,472

328

-508

600

1,705

-605

4,377

-1,133

-

-142

331

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of fishing and rental services operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,702

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Gain on litigation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,054

1,324

0

2,876

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total costs and expenses

143,080

161,681

155,707

151,029

145,257

144,994

163,585

145,320

135,023

128,173

119,859

114,630

106,005

98,238

88,315

97,966

169,759

125,452

210,119

202,148

331,782

240,463

237,895

221,099

229,459

242,109

275,622

219,225

212,339

216,551

206,512

202,230

183,359

168,327

159,367

147,430

133,008

124,883

Loss from operations

-13,097

-15,283

-2,864

-4,461

-3,752

4,338

-8,803

-842

-8,736

-10,892

-12,729

-18,873

-34,524

-29,885

-26,025

-23,014

-65,286

-17,972

-75,108

-8,334

-48,672

32,804

21,917

17,935

8,724

1,870

-27,268

10,445

15,529

13,222

23,312

29,748

20,297

19,324

11,918

5,919

2,536

-7,856

Other income (expense):
Interest expense, net of interest capitalized

9,832

10,013

10,105

9,885

9,816

9,811

9,642

9,513

7,949

6,613

6,418

6,059

6,627

6,678

6,375

6,254

5,547

4,975

5,245

5,455

6,696

8,969

10,728

12,388

12,193

12,324

12,331

11,462

10,391

9,453

7,650

9,555

8,062

6,137

7,983

7,539

7,573

7,121

Gain (Loss) on Extinguishment of Debt

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-299

-

-

-490

0

-

-8,739

0

-14,595

-7,887

0

0

0

0

-

-

-

-

-

-

-

-

-

-

Other income, net

1,862

-588

349

684

-308

498

44

504

200

295

73

-144

-16

245

718

-389

368

-785

486

-2,680

-3,664

-1,455

2,017

-202

221

610

-1,249

-821

365

307

20

932

-

-

-

-

-

-

Interest income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

22

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,193

754

-6,517

845

315

Nonoperating Income (Expense)

-7,970

-10,601

-9,756

-9,201

-10,124

-9,313

-9,598

-9,009

-9,225

-6,318

-6,345

-6,203

-6,643

-6,433

-5,956

-6,643

-6,875

-6,250

-4,759

-8,135

-19,099

-10,424

-23,306

-20,477

-11,972

-11,714

-13,580

-12,283

-10,026

-9,146

-7,630

-8,623

-8,010

-7,330

-7,229

-14,056

-6,728

-6,784

Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest

-21,067

-25,884

-12,620

-13,662

-13,876

-4,975

-18,401

-9,851

-17,961

-17,210

-19,074

-25,076

-41,167

-36,318

-31,981

-29,657

-72,161

-24,222

-79,867

-16,469

-67,771

22,380

-1,389

-2,542

-3,248

-9,844

-40,848

-1,838

5,503

4,076

15,682

21,125

12,287

11,994

4,689

-8,137

-

-

Income (loss) before income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-4,192

-14,640

Income Tax Expense (Benefit)

-11,238

132

324

1,453

611

258

-249

1,288

-5,403

17

1,135

48

-5,086

-1,698

-1,990

-1,958

-23,861

-6,682

-2,586

-4,450

-20,198

9,927

-1,070

37

-733

-3,614

-14,953

-546

1,943

1,461

5,997

6,953

5,469

5,250

1,039

-2,102

-1,612

-4,498

Net loss

-9,829

-26,016

-12,944

-15,115

-14,487

-5,233

-18,152

-11,139

-12,558

-17,227

-20,209

-25,124

-36,081

-34,620

-29,991

-27,699

-48,300

-17,540

-77,281

-12,019

-47,573

12,453

-319

-2,579

-2,515

-6,230

-25,895

-1,292

3,560

2,615

9,685

14,172

6,818

6,744

3,650

-6,035

-2,580

-10,142

Loss per common share - Basic

-0.12

-0.33

-0.17

-0.19

-0.19

-0.07

-0.23

-0.14

-0.16

-0.22

-0.26

-0.33

-0.54

-0.53

-0.46

-0.43

-0.75

-0.27

-1.20

-0.19

-0.75

0.20

-0.01

-0.04

-0.04

-0.10

-0.42

-0.02

0.06

0.04

0.16

0.23

0.12

0.11

0.07

-0.11

-0.05

-0.19

Loss per common share - Diluted

-0.12

-0.33

-0.17

-0.19

-0.19

-0.07

-0.23

-0.14

-0.16

-0.22

-0.26

-0.33

-0.54

-0.53

-0.46

-0.43

-0.75

-0.27

-1.20

-0.19

-0.74

0.19

-0.01

-0.04

-0.04

-0.10

-0.42

-0.02

0.06

0.04

0.15

0.23

0.12

0.11

0.07

-0.11

-0.05

-0.19

Weighted Average Number of Shares Outstanding, Basic

78,478

78,473

78,430

78,311

78,142

78,136

77,944

77,606

77,559

77,552

77,377

77,072

67,546

64,905

64,781

64,576

64,458

64,449

64,342

63,991

63,774

63,451

62,877

62,542

62,383

62,325

62,177

61,967

61,893

61,881

61,768

61,578

61,489

59,898

54,205

53,968

53,811

53,781

Weighted Average Number of Shares Outstanding, Diluted

78,478

78,473

78,430

78,311

78,142

78,136

77,944

77,606

77,559

77,552

77,377

77,072

67,546

64,905

64,781

64,576

64,458

64,449

64,342

63,991

61,349

65,876

62,877

62,542

62,383

62,325

62,177

61,967

62,956

62,825

62,620

62,647

63,839

61,428

55,881

53,968

53,811

53,781