SELECT ENERGY SERVICES, INC. WTTR Income Statement

Select energy services, inc. (WTTR)

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	Dec'16	Sep'16	Jun'16	Mar'16
Revenue
Total revenue
278,285	276,088	328,968	323,887	362,646	362,318	396,970	393,247	376,395	304,237	153,880	134,449	99,925	86,734	73,907	62,919	78,839
Costs of revenue
Depreciation and amortization
26,182	28,185	28,263	28,843	31,518	37,357	31,853	30,445	30,882	34,501	23,420	22,520	21,204	21,146	21,613	26,119	26,142
Total costs of revenue
262,989	254,278	287,974	283,948	316,649	327,910	337,573	336,519	328,446	277,978	134,371	122,195	100,167	92,656	82,877	80,218	90,776
Gross profit
15,296	21,810	40,994	39,939	45,997	34,408	59,397	56,728	47,949	26,259	19,509	12,254	-242	-5,922	-8,970	-17,299	-11,937
Operating expenses
Selling, general and administrative
25,289	24,669	27,280	27,297	32,376	25,494	25,110	26,871	25,681	33,105	16,087	23,254	9,957	8,715	8,764	8,184	8,980
Depreciation and amortization
685	1,002	952	906	1,000	844	984	807	541	492	375	491	446	443	363	647	634
Impairment of goodwil and trademarkl
276,016	0	0	0	4,396	-	-	-	-	-	-	-	-	-	-	138,666	-
Impairment of property and equipment
3,184	2,773	49	374	519	-	-	2,282	-	-	-	-	-	-	-	60,026	-
Impairment of cost-method investment
-	-	-	-	-	0	0	0	2,000	-	-	-	-	-	-	-	-
Lease abandonment costs
953	552	238	183	1,100	-217	1,045	1,973	1,124	701	590	418	1,863	-	13,169	-	-
Total operating expenses
306,127	29,023	28,519	28,760	39,364	48,390	27,139	31,933	29,346	34,298	17,052	24,163	12,266	15,412	22,296	207,523	9,614
(Loss) income from operations
-290,831	-7,213	12,475	11,179	6,633	-13,982	32,258	24,795	18,603	-8,039	2,457	-11,909	-12,508	-21,334	-31,266	-224,822	-21,551
Other expense
Losses on sales of property, equipment and divestitures, net
-435	-3,393	-2,033	-1,709	-4,491	844	1,458	2,056	-554	-	-	-	-	-	-	-	-
Interest expense, net
331	318	438	839	1,093	1,496	1,322	1,342	1,151	4,744	484	671	730	4,336	4,343	4,082	3,367
Foreign currency gain (loss), net
-46	5	-59	67	260	-800	248	-340	-400	-	-	-	-	-	-	-	-
Other expense, net
259	-2,886	-272	-59	269	-3,012	40	4	96	-5,699	326	1,952	1,064	41	431	723	-566
(Loss) income before income tax benefit (expense)
-291,384	-13,805	9,673	8,639	1,578	-18,446	32,682	25,173	16,594	-15,475	2,299	-10,628	-12,174	-25,629	-35,178	-228,181	-25,484
Income tax benefit (expense) benefit
-164	-1,301	2,501	571	178	-323	1,415	150	462	-525	-294	-138	106	-916	26	57	309
Net (loss) income
-291,220	-12,504	7,172	8,068	1,400	-18,123	31,267	25,023	16,132	-14,950	2,593	-10,490	-12,280	-24,713	-35,204	-228,238	-25,793
Less: net loss (income) attributable to noncontrolling interests
-45,358	-2,574	1,793	1,868	265	-4,622	8,316	8,060	6,033	-5,298	1,369	-6,274	-8,108	-2,548	-273	-3,147	-456
Net (loss) income attributable to Select Energy Services, Inc.
-245,862	-9,930	5,379	6,200	1,135	-13,501	22,951	16,963	10,099	-9,652	1,224	-4,216	-4,172	284,316	-34,931	-225,091	-25,337
Net (loss) income per share attributable to common stockholders (Note 16):
Allocation of net income (loss) attributable to, Diluted
-	-	-	-	-	-	-	-	-	-	-	-4,216	-	-	-	-	-
Water services
Total revenue
149,511	152,923	196,782	202,011	220,595	211,096	233,503	233,954	218,230	107,594	125,086	107,812	78,377	68,298	60,975	49,893	62,289
Costs of revenue
129,114	126,392	153,741	155,151	163,121	162,702	177,643	176,571	164,630	-	-	-	-	-	-	-	-
Impairment of goodwil and trademarkl
186,468	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Lease abandonment costs
935	-	-	-	229	-	-	-	-	-	-	-	-	-	-	-	-
Water infrastructure
Total revenue
57,762	52,314	63,953	51,710	53,616	54,453	65,878	55,727	54,057	-	-	-	-	-	-	-	-
Costs of revenue
47,813	40,328	46,748	38,456	41,430	39,768	42,324	37,884	40,096	-	-	-	-	-	-	-	-
Impairment of goodwil and trademarkl
80,466	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Lease abandonment costs
51	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Oilfield chemicals
Total revenue
71,012	70,852	67,932	63,001	66,829	67,369	63,985	64,807	63,630	-	-	-	-	-	-	-	-
Costs of revenue
59,876	59,499	57,357	54,051	59,527	61,397	56,473	58,500	57,084	-	-	-	-	-	-	-	-
Impairment of goodwil and trademarkl
9,082	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
Total revenue
-	-1	301	7,165	21,606	29,400	33,604	38,759	40,478	-	-	-	-	-	-	-	-
Costs of revenue
4	-126	1,865	7,447	21,053	26,686	29,280	33,119	35,754	-	-	-	-	-	-	-	-
Impairment of goodwil and trademarkl
-	-	-	-	4,396	-	-	-	-	-	-	-	-	-	-	-	-
Lease abandonment costs
-33	-	-	-	844	-	-	-	-	-	-	-	-	-	-	-	-
Accommodations and rentals
Revenue
-	-	-	-	-	-	-	-	-	-	15,615	13,327	9,515	7,566	5,838	5,233	8,514
Costs of revenue
-	-	-	-	-	-	-	-	-	-	11,976	10,799	7,923	6,492	4,969	4,320	6,238
Wellsite completion and construction services
Revenue
-	-	-	-	-	-	-	-	-	-	13,179	13,310	12,033	10,870	7,094	7,793	8,036
Costs of revenue
-	-	-	-	-	-	-	-	-	-	10,888	10,848	10,419	9,272	6,299	6,656	6,862
Water solutions and related services
Costs of revenue
-	-	-	-	-	-	-	-	-	-	88,087	78,028	60,621	55,746	49,996	43,123	51,534
Class A Common Stock
Net (loss) income attributable to Select Energy Services, Inc.
-245,862	-9,930	5,379	6,200	1,135	-13,291	22,951	16,963	9,097	-	-	-	-	-	-	-	-
Basic
-2.86	-0.13	0.07	0.08	0.01	-0.19	0.29	0.24	0.15	-	-	-	-	-	-	-	-
Diluted
-2.86	-0.13	0.07	0.08	0.01	-0.19	0.29	0.24	0.15	-	-	-	-	-	-	-	-
Class A-2 Common Stock
Net income (loss) attributable to Select Energy Services, Inc.
-	-	-	-	-	-697	211	276	1,002	-	-	-	-	-	-	-	-
Basic
-	-	-	-	-	-0.20	0.29	0.25	0.15	-	-	-	-	-	-	-	-
Diluted
-	-	-	-	-	-0.20	0.30	0.24	0.15	-	-	-	-	-	-	-	-