CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) |
3 Months Ended | 12 Months Ended | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2019 |
Dec. 31, 2019 |
Mar. 31, 2019 |
Dec. 31, 2018 |
Mar. 31, 2018 |
Dec. 31, 2019 |
Dec. 31, 2018 |
Dec. 31, 2017 |
Dec. 31, 2016 |
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| Cash flows from operating activities | |||||||||||||||||||
| Net (loss) income | $ (60,779,000) | $ 28,333,000 | $ 68,207,000 | $ 55,546,000 | $ (79,044,000) | $ 235,965,000 | $ 58,964,000 | [1],[2] | |||||||||||
| Adjustments to reconcile net (loss) income to cash (used in) provided by operating activities: | |||||||||||||||||||
| Equity based compensation (Note 17) | 0 | 17,487,000 | 0 | [1] | |||||||||||||||
| Stock based compensation | 4,177,000 | 5,425,000 | 3,741,000 | [1] | |||||||||||||||
| Depreciation, depletion, amortization and accretion | 117,033,000 | 119,877,000 | 92,124,000 | [1] | |||||||||||||||
| Amortization of coil tubing strings | 1,641,000 | 2,193,000 | 2,855,000 | [1] | |||||||||||||||
| Amortization of debt origination costs | 326,000 | 387,000 | 399,000 | [1] | |||||||||||||||
| Bad debt expense (Note 2) | 1,434,000 | (14,578,000) | 16,206,000 | [1] | |||||||||||||||
| Loss on disposal of property and equipment | 55,000 | 947,000 | 69,000 | [1] | |||||||||||||||
| Gain on bargain purchase | 0 | 0 | (4,012,000) | [1],[3] | |||||||||||||||
| Impairment of goodwill | $ 30,500,000 | 33,664,000 | 3,203,000 | 0 | [1],[3] | $ 0 | |||||||||||||
| Impairment of other long-lived assets | 7,358,000 | 5,652,000 | 4,146,000 | [1],[3] | |||||||||||||||
| Inventory obsolescence | 1,349,000 | 0 | 0 | [1] | |||||||||||||||
| Deferred income taxes | (42,639,000) | 52,226,000 | (34,425,000) | [1] | |||||||||||||||
| Other | 986,000 | (16,000) | 0 | [1] | |||||||||||||||
| Changes in assets and liabilities, net of acquisitions of businesses: | |||||||||||||||||||
| Accounts receivable, net | (27,006,000) | (78,840,000) | (231,751,000) | [1] | |||||||||||||||
| Receivables from related parties | 3,641,000 | 22,624,000 | (1,096,000) | [1] | |||||||||||||||
| Inventories | 830,000 | (5,502,000) | (14,238,000) | [1] | |||||||||||||||
| Prepaid expenses and other assets | (1,040,000) | 1,423,000 | (7,628,000) | [1] | |||||||||||||||
| Accounts payable | (25,968,000) | (64,966,000) | 101,725,000 | [1] | |||||||||||||||
| Payables to related parties | 156,000 | (1,008,000) | 1,174,000 | [1] | |||||||||||||||
| Accrued expenses and other liabilities | (18,800,000) | 15,445,000 | 32,968,000 | [1] | |||||||||||||||
| Income taxes payable | (71,499,000) | 68,692,000 | 36,395,000 | [1] | |||||||||||||||
| Net cash (used in) provided by operating activities | (95,318,000) | 386,668,000 | 57,616,000 | [1] | |||||||||||||||
| Cash flows from investing activities: | |||||||||||||||||||
| Purchases of property and equipment | (35,417,000) | (187,285,000) | (132,295,000) | [1] | |||||||||||||||
| Purchases of property and equipment from related parties | (344,000) | (4,658,000) | (1,558,000) | [1] | |||||||||||||||
| Business acquisitions, net | 0 | (20,824,000) | (42,008,000) | [1] | |||||||||||||||
| Contributions to equity investee | (680,000) | (702,000) | 0 | [1] | |||||||||||||||
| Proceeds from disposal of property and equipment | 3,217,000 | 1,514,000 | 907,000 | [1] | |||||||||||||||
| Business combination cash acquired (Note 4) | 0 | 0 | 2,671,000 | [1] | |||||||||||||||
| Net cash used in investing activities | (33,224,000) | (211,955,000) | (172,283,000) | [1] | |||||||||||||||
| Cash flows from financing activities: | |||||||||||||||||||
| Borrowings on long-term debt | 156,000,000 | 77,000,000 | 156,850,000 | [1] | |||||||||||||||
| Repayments of long-term debt | (76,000,000) | (176,900,000) | (56,950,000) | [1] | |||||||||||||||
| Dividends paid | (11,219,000) | (11,201,000) | 0 | [1] | |||||||||||||||
| Principal payments on financing leases and equipment financing notes | (2,079,000) | (292,000) | 0 | [1] | |||||||||||||||
| Debt issuance costs | 0 | (1,199,000) | 0 | [1] | |||||||||||||||
| Repayment of acquisition-related long-term debt | 0 | 0 | (8,851,000) | [1] | |||||||||||||||
| Net cash provided by (used in) financing activities | 66,702,000 | (112,592,000) | 91,049,000 | [1] | |||||||||||||||
| Effect of foreign exchange rate on cash | 87,000 | (133,000) | 16,000 | [1] | |||||||||||||||
| Net (decrease) increase in cash and cash equivalents | (61,753,000) | 61,988,000 | (23,602,000) | [1] | |||||||||||||||
| Cash and cash equivalents at beginning of period | $ 67,625,000 | $ 5,637,000 | [1] | 67,625,000 | 5,637,000 | [1] | 29,239,000 | [1] | |||||||||||
| Cash and cash equivalents at end of period | $ 5,872,000 | $ 5,872,000 | $ 67,625,000 | 5,872,000 | 67,625,000 | 5,637,000 | [1] | $ 29,239,000 | [1] | ||||||||||
| Supplemental disclosure of cash flow information: | |||||||||||||||||||
| Cash paid for interest | 4,741,000 | 3,212,000 | 3,656,000 | [1] | |||||||||||||||
| Cash paid for income taxes | 110,848,000 | 32,757,000 | 840,000 | [1] | |||||||||||||||
| Supplemental disclosure of non-cash transactions: | |||||||||||||||||||
| Acquisition of Stingray Cementing LLC and Stingray Energy Services LLC | 0 | 0 | 23,091,000 | [1] | |||||||||||||||
| Purchases of property and equipment included in accounts payable | 2,303,000 | 11,908,000 | 15,038,000 | [1] | |||||||||||||||
| Right-of-use assets obtained for financing lease liabilities | $ 3,721,000 | $ 0 | $ 0 | ||||||||||||||||
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| X | ||||||||||
- Definition Amortization, Amortization of Coil Tubing Strings No definition available.
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| X | ||||||||||
- Definition Depreciation, Depletion and Amortization, Excluding Amortization of Coil Tubing Strings and Debt Issuance Costs No definition available.
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| X | ||||||||||
- Definition Equity Based Compensation No definition available.
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| X | ||||||||||
- Definition Impairment of Long-Lived Assets Held-for-use and Loss on Contract Termination No definition available.
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| X | ||||||||||
- Definition Payments to Acquire Property, Plant, And Equipment From Related Parties No definition available.
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Amount of amortization expense attributable to debt issuance costs. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- Definition In a business combination in which the amount of net identifiable assets acquired and liabilities assumed exceeds the aggregate consideration transferred or to be transferred (as defined), this element represents the amount of gain recognized by the entity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The cash inflow associated with the acquisition of business during the period (for example, cash that was held by the acquired business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of cash and cash equivalents, and cash and cash equivalents restricted to withdrawal or usage. Excludes amount for disposal group and discontinued operations. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of increase (decrease) in cash, cash equivalents, and cash and cash equivalents restricted to withdrawal or usage; including effect from exchange rate change. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Future cash outflow to pay for construction in progress expenditures that have occurred. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of deferred income tax expense (benefit) and income tax credits. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of increase (decrease) from effect of exchange rate changes on cash and cash equivalents, and cash and cash equivalents restricted to withdrawal or usage; held in foreign currencies. Excludes amounts for disposal group and discontinued operations. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition The fair value of assets acquired in noncash investing or financing activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of gain (loss) on sale or disposal of property, plant and equipment assets, including oil and gas property and timber property. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of loss from the write-down of an asset representing the future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The increase (decrease) during the reporting period in the aggregate amount of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Change in recurring obligations of a business that arise from the acquisition of merchandise, materials, supplies and services used in the production and sale of goods and services. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The increase (decrease) during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The increase (decrease) during the reporting period in the amount due to the reporting entity for good and services provided to the following types of related parties: a parent company and its subsidiaries; subsidiaries of a common parent; an entity and trust for the benefit of employees, such as pension and profit-sharing trusts that are managed by or under the trusteeship of the entity's management, an entity and its principal owners, management, member of their immediate families, affiliates, or other parties with the ability to exert significant influence. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The increase (decrease) during the period in the amount due for taxes based on the reporting entity's earnings or attributable to the entity's income earning process (business presence) within a given jurisdiction. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The increase (decrease) during the reporting period in the aggregate value of all inventory held by the reporting entity, associated with underlying transactions that are classified as operating activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition The increase (decrease) during the reporting period in other obligations or expenses incurred but not yet paid. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of increase (decrease) in prepaid expenses, and assets classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of cash paid for interest, excluding capitalized interest, classified as operating activity. Includes, but is not limited to, payment to settle zero-coupon bond for accreted interest of debt discount and debt instrument with insignificant coupon interest rate in relation to effective interest rate of borrowing attributable to accreted interest of debt discount. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of loss from reductions in inventory due to subsequent measurement adjustments, including, but not limited to, physical deterioration, obsolescence, or changes in price levels. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Amount of income (expense) included in net income that results in no cash inflow (outflow), classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The cash outflow paid to third parties in connection with debt origination, which will be amortized over the remaining maturity period of the associated long-term debt. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Cash outflow in the form of capital distributions and dividends to common shareholders, preferred shareholders and noncontrolling interests. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The cash outflow associated with the acquisition of business during the period. The cash portion only of the acquisition price. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition The cash outflow associated with the purchase of or advances to an equity method investments, which are investments in joint ventures and entities in which the entity has an equity ownership interest normally of 20 to 50 percent and exercises significant influence. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of cash outflow from the acquisition of or improvements to long-lived, physical assets used to produce goods and services and not intended for resale, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The cash inflow from a contractual arrangement with the lender, including letter of credit, standby letter of credit and revolving credit arrangements, under which borrowings can be made up to a specific amount at any point in time with maturities due beyond one year or the operating cycle, if longer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The cash inflow from the sale of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of expense (reversal of expense) for expected credit loss on accounts receivable. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition The cash outflow for the settlement of obligation drawn from a contractual arrangement with the lender, including letter of credit, standby letter of credit and revolving credit arrangements, under which borrowings can be made up to a specific amount at any point in time with maturities due beyond one year or the operating cycle, if longer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The cash outflow for a borrowing supported by a written promise to pay an obligation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of cash outflow for the payment of debt classified as other, maturing after one year or the operating cycle, if longer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of increase in right-of-use asset obtained in exchange for finance lease liability. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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| X | ||||||||||
- Definition Amount of noncash expense for share-based payment arrangement. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- References No definition available.
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