Select energy services, inc. (WTTR)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16
Cash flows from operating activities
Net (loss) income

-291,220

-12,504

7,172

8,068

1,400

-18,122

31,266

25,023

16,132

-14,950

2,593

-10,490

-12,280

-24,713

-35,204

-228,238

-25,793

Adjustments to reconcile net (loss) income to net cash provided by operating activities
Depreciation and amortization

26,867

29,187

29,215

29,749

32,518

38,201

32,837

31,252

31,423

34,993

23,795

23,011

21,650

21,589

21,976

26,766

26,776

Net loss (gain) on disposal of property and equipment

-435

-2,979

-2,177

-3,017

223

844

1,456

2,057

-554

-401

208

1,814

1,105

67

492

160

-622

Bad debt expense

2,385

789

452

580

732

780

554

391

485

444

390

374

334

706

1,334

187

158

Amortization of debt issuance costs

200

200

200

128

172

200

200

128

172

3,072

310

309

309

1,156

880

713

651

Inventory write-downs

48

72

28

125

75

-30

30

134

266

-

-

-

-

-

-

-

-

Equity-based compensation

574

3,611

3,566

4,129

4,179

2,341

2,565

2,984

2,481

5,910

549

589

643

0

-1

10

308

Impairment of goodwil and trademarkl

276,016

0

0

0

4,396

-

-

-

-

-

-

-

-

-

-

-

-

Impairment of property and equipment

3,184

2,758

49

374

519

-

-

-

-

-

-

-

-

-

-

-

-

Impairment of cost-method investment

-

-

-

-

-

0

0

0

2,000

-

-

-

-

-

-

-

-

Loss on divestitures

-

-414

144

1,308

-4,714

-

-

-

-

-

-

-

-

-

-

-

-

Other operating items, net

47

19

-437

-92

270

-316

-1,074

220

-117

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities
Accounts receivable

-34,992

-43,073

-11,489

-20,736

17,390

-82,547

-47

12,366

33,691

34,670

17,817

26,841

21,157

14,049

9,107

-5,452

-18,994

Prepaid expenses and other assets

-6,633

-1,547

-8,529

461

-1,706

1,165

-9,898

16,565

1,283

-4,316

5,663

2,167

-1,337

-545

-2,272

3,599

-2,006

Accounts payable and accrued liabilities

-13,328

-10,312

4,348

-27,134

4,059

-18,728

-16,668

-1,924

16,549

2,806

16,135

1,192

2,333

12,664

15,444

-4,461

-7,302

Net cash provided by (used in) operating activities

46,711

61,732

67,481

38,148

36,587

107,779

60,325

29,100

35,205

1,350

19,761

-16,074

-7,936

-2,947

-2,899

-5,443

16,420

Cash flows from investing activities
Working capital settlement

-

0

0

0

691

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds received from divestitures

85

-55

-332

9,302

15,957

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of property and equipment

11,338

23,769

28,861

21,003

36,510

55,860

46,450

30,438

32,612

32,709

24,333

30,874

10,806

7,660

2,621

3,734

22,275

Acquisitions, net of cash received

-

-

-

-

-

-

-

-

-

3,289

6,692

6,503

49,004

-

-

-

-

Proceeds received from sales of property and equipment

5,768

3,265

3,451

7,298

3,209

4,635

5,410

2,344

1,609

802

939

3,985

1,753

1,077

1,981

3,541

2,736

Net cash used in investing activities

-5,485

-20,159

-36,142

-4,403

-16,653

-66,271

-42,993

-28,094

-31,003

-35,196

-30,086

-33,392

-58,057

-6,583

-640

-193

-19,539

Borrowings from revolving line of credit

-

0

0

0

5,000

-

-

-

-

75,000

0

0

34,000

9,000

10,000

0

8,500

Payments on long-term debt

-

0

0

25,000

25,000

-

-

-

-

-

-

-

-

261,666

23,084

5,625

7,625

Payments of finance lease obligations

65

140

194

264

285

364

488

518

511

-

-

-

-

-

-

-

-

Payment of debt issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

1,722

2,399

0

376

Proceeds from share issuance

27

32

54

29

27

31

300

301

130

-

-

-

-

-

-

-

-

Contributions from (distributions to) noncontrolling interests

383

0

-124

-104

-121

0

-226

-119

-161

-

-

-

-

-

-

-

-

Repurchase of common stock

6,636

5,199

11,885

300

1,216

15,685

220

393

264

-

-

-

-

-

-

-

-

Member contributions (distributions)

-

-

-

-

-

-

-

-

-

-

-

-

-

0

23,307

0

212

Net cash (used in) provided by financing activities

-6,291

-5,307

-12,149

-25,639

-21,595

-37,124

-15,634

4,271

-806

-5,739

-59

94,195

34,000

42,830

7,644

-5,625

711

Effect of exchange rate changes on cash

-61

3

-9

29

107

-197

51

-93

-53

-

-

-

-

-

-

-

-

Net increase (decrease) in cash and cash equivalents

34,874

36,269

19,181

8,135

-1,554

4,187

1,749

5,184

3,343

-39,619

-10,384

44,729

-31,993

33,300

4,105

-11,261

-2,408

Supplemental cash flow disclosure:
Cash paid for interest

386

295

397

741

1,283

1,887

1,397

968

991

860

290

422

427

3,181

3,469

3,412

2,711

Cash refunds received for income taxes, net

-156

118

1,471

569

-365

1,200

-562

-1,532

344

-91

10

15

12

-811

9

402

208

Supplemental disclosure of noncash investing activities:
Capital expenditures included in accounts payable and accrued liabilities

6,184

-2,970

-1,766

2,164

13,044

-5,779

-1,324

15,381

9,632

3,404

2,772

195

4,766

-916

2,410

41

28