Solaris oilfield infrastructure, inc. (SOI)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16
Revenue:
Revenue

47,830

62,858

59,604

64,101

55,124

57,337

56,686

47,155

36,018

25,204

18,478

13,389

10,324

7,289

4,748

2,976

3,144

Operating costs and expenses:
Cost of revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,501

1,035

765

Cost of proppant management system rental (excluding $2,635 and $1,029 of depreciation and amortization for the three months ended March 31, 2018 and 2017, respectively, shown separately)

-

-

-

-

-

-

-

-

-

-

-

-

350

-

386

458

337

Depreciation and amortization

7,114

7,050

6,908

6,622

6,345

5,908

5,328

3,984

3,202

2,359

1,742

1,370

1,164

1,053

959

911

869

Salaries, benefits and payroll taxes

-

-

-

3,235

-

-

-

3,169

2,621

-

2,942

1,736

1,008

1,069

635

610

747

Selling, general and administrative (excluding $152 and $119 of depreciation and amortization for the three months ended March 31, 2020 and 2019, respectively, shown separately)

5,299

7,854

4,933

1,771

4,028

9,886

3,869

1,123

1,880

10,633

1,176

1,600

877

254

543

747

552

Impairment losses

47,828

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other operating expenses

-305

-55

-248

-69

-213

-75

-56

-19

-1,677

-

38

3,872

-

-

-

-

-

Total operating costs and expenses

87,171

32,771

36,811

36,778

27,397

29,162

25,896

22,359

20,492

14,258

10,396

11,807

5,473

4,241

4,024

3,761

3,270

Operating income (loss)

-39,341

30,087

22,793

27,323

27,727

28,175

30,790

24,796

15,526

10,946

8,082

1,582

4,851

3,048

724

-785

-126

Interest income (expense), net

111

-

-

-

-111

-

-

-

-

-

-

-

-

-

-

-

-

Interest expense, net

-

-

8

656

-

103

116

71

84

26

27

22

22

9

5

1

8

Other expense

-

-

-

-

-

-

-

-

-

-

-32

0

-25

1

6

-11

12

Total other expense (income)

111

141

-8

-656

-111

-103

-116

-71

-84

23,053

-59

-22

-47

-8

1

-12

4

Income (loss) before income tax expense

-39,230

30,228

22,785

26,667

27,616

28,072

30,674

24,725

15,442

33,999

8,023

1,560

4,804

3,040

725

-797

-122

Provision for income taxes

-6,078

4,894

3,703

4,158

4,181

3,420

4,237

3,277

2,027

32,572

617

498

22

17

14

7

5

Net income (loss)

-33,152

25,334

19,082

22,509

23,435

24,652

26,437

21,448

13,415

1,427

7,406

1,062

4,782

-

711

-804

-

Less: net income related to Solaris LLC

-

-

-

-

-

-

-

-

-

0

0

-1,117

4,782

-

711

-804

-

Less: net (income) loss related to non-controlling interests

-14,071

10,317

7,684

9,234

11,118

11,767

13,418

10,851

7,485

-

6,027

2,022

-

-

-

-

-

Net income (loss) attributable to Solaris

-19,081

15,017

11,398

13,275

12,317

12,885

13,019

10,597

5,930

-

1,379

157

-

-

-

-

-127

System rental
Revenue

26,059

28,296

36,638

39,740

37,348

39,083

42,031

35,127

27,405

20,093

15,062

11,097

8,401

5,915

3,846

2,329

2,504

Cost of revenue

2,013

1,970

2,838

2,552

2,347

2,180

1,949

1,683

1,418

-

641

597

-

-

-

-

-

Depreciation and amortization

6,001

5,909

5,773

5,481

5,226

4,793

4,133

3,359

2,635

-

1,523

1,196

-

-

-

-

-

System services
Revenue

20,957

15,250

18,153

19,031

11,437

13,511

12,053

9,937

7,509

4,906

3,416

2,292

1,923

1,374

902

647

640

Cost of revenue

24,130

18,383

21,072

21,675

13,619

15,942

13,906

11,679

9,106

5,545

3,933

2,632

2,074

-

-

-

-

Depreciation and amortization

357

375

384

391

398

385

347

305

237

-

129

91

-

-

-

-

-

Transloading services
Revenue

465

18,974

4,417

4,881

5,833

4,236

2,000

1,397

450

-

-

-

-

-

-

-

-

Cost of revenue

337

550

652

689

710

778

597

535

332

-

-

-

-

-

-

-

-

Depreciation and amortization

411

412

411

411

409

410

529

10

5

-

-

-

-

-

-

-

-

Inventory software services
Revenue

349

338

396

449

506

507

602

694

654

-

-

-

-

-

-

-

-

Cost of revenue

145

144

160

165

135

183

191

167

256

-

-

-

-

-

-

-

-

Depreciation and amortization

193

193

193

193

193

196

193

193

212

-

-

-

-

-

-

-

-

Class A Common Stock
Earnings per share of Class A common stock - basic (in dollars per share)

-0.65

0.48

0.36

0.42

0.43

0.47

0.49

0.40

0.24

-

0.13

0.01

-

-

-

-

-

Earnings per share of Class A common stock - diluted (in dollars per share)

-0.65

0.48

0.36

0.42

0.43

0.47

0.49

0.40

0.23

-

0.12

0.01

-

-

-

-

-

Basic weighted-average shares of Class A common stock outstanding (in shares)

29,312

30,976

30,951

30,609

28,028

27,090

26,197

25,541

23,884

-

10,100

10,100

-

-

-

-

-

Diluted weighted-average shares of Class A common stock outstanding (in shares)

29,312

31,001

30,980

30,644

28,115

27,203

26,329

25,711

24,073

-

10,563

10,540

-

-

-

-

-