| Segment Reporting Information, by Segment |
The following tables set forth certain financial information with respect to the Company’s reportable segments (in thousands):
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Year Ended December 31, 2019 |
Infrastructure |
Pressure Pumping |
Sand |
Drilling |
All Other |
Eliminations |
Total |
Revenue from external customers |
$ |
214,449 |
|
$ |
241,972 |
|
$ |
69,794 |
|
$ |
31,728 |
|
$ |
67,069 |
|
$ |
— |
|
$ |
625,012 |
|
Intersegment revenues |
— |
|
4,378 |
|
29,796 |
|
498 |
|
2,231 |
|
(36,903 |
) |
— |
|
Total revenue |
214,449 |
|
246,350 |
|
99,590 |
|
32,226 |
|
69,300 |
|
(36,903 |
) |
625,012 |
|
Cost of revenue, exclusive of depreciation, depletion, amortization and accretion |
171,756 |
|
177,997 |
|
87,637 |
|
35,963 |
|
70,435 |
|
— |
|
543,788 |
|
Intersegment cost of revenues |
— |
|
31,727 |
|
2,542 |
|
846 |
|
1,848 |
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(36,963 |
) |
— |
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Total cost of revenue |
171,756 |
|
209,724 |
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90,179 |
|
36,809 |
|
72,283 |
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(36,963 |
) |
543,788 |
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Selling, general and administrative |
25,390 |
|
10,993 |
|
5,006 |
|
4,160 |
|
6,003 |
|
— |
|
51,552 |
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Depreciation, depletion, amortization and accretion |
31,451 |
|
40,240 |
|
14,050 |
|
13,255 |
|
18,037 |
|
— |
|
117,033 |
|
Impairment of goodwill |
434 |
|
23,423 |
|
2,684 |
|
— |
|
7,123 |
|
— |
|
33,664 |
|
Impairment of other long-lived assets |
— |
|
— |
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— |
|
2,955 |
|
4,403 |
|
— |
|
7,358 |
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Operating income (loss) |
(14,582 |
) |
(38,030 |
) |
(12,329 |
) |
(24,953 |
) |
(38,549 |
) |
60 |
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(128,383 |
) |
Interest expense |
1,689 |
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1,283 |
|
193 |
|
907 |
|
886 |
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— |
|
4,958 |
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Other expense |
(42,787 |
) |
580 |
|
67 |
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(109 |
) |
33 |
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— |
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(42,216 |
) |
Income (loss) before income taxes |
$ |
26,516 |
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$ |
(39,893 |
) |
$ |
(12,589 |
) |
$ |
(25,751 |
) |
$ |
(39,468 |
) |
$ |
60 |
|
$ |
(91,125 |
) |
Total expenditures for property, plant and equipment |
$ |
5,643 |
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$ |
14,703 |
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$ |
2,877 |
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$ |
3,156 |
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$ |
9,382 |
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$ |
— |
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$ |
35,761 |
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As of December 31, 2019: |
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Intangible assets, net |
$ |
1,410 |
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$ |
3,371 |
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$ |
— |
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$ |
— |
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$ |
1,007 |
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$ |
— |
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$ |
5,788 |
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Total assets |
$ |
420,285 |
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$ |
175,259 |
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$ |
190,382 |
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$ |
61,545 |
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$ |
142,731 |
|
$ |
(37,817 |
) |
$ |
952,385 |
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Year Ended December 31, 2018 |
Infrastructure |
Pressure Pumping |
Sand |
Drilling |
All Other |
Eliminations |
Total |
Revenue from external customers |
$ |
1,082,371 |
|
$ |
362,491 |
|
$ |
100,816 |
|
$ |
66,237 |
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$ |
78,169 |
|
$ |
— |
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$ |
1,690,084 |
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Intersegment revenue |
— |
|
7,001 |
|
67,459 |
|
416 |
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5,541 |
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(80,417 |
) |
— |
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Total revenue |
1,082,371 |
|
369,492 |
|
168,275 |
|
66,653 |
|
83,710 |
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(80,417 |
) |
1,690,084 |
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Cost of revenue, exclusive of depreciation, depletion, amortization and accretion |
608,017 |
|
223,296 |
|
126,714 |
|
60,248 |
|
75,529 |
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— |
|
1,093,804 |
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Intersegment cost of revenues |
2,583 |
|
70,365 |
|
6,103 |
|
554 |
|
785 |
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(80,390 |
) |
— |
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Total cost of revenue |
610,600 |
|
293,661 |
|
132,817 |
|
60,802 |
|
76,314 |
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(80,390 |
) |
1,093,804 |
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Selling, general and administrative(a)
|
27,126 |
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29,761 |
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6,218 |
|
5,343 |
|
4,649 |
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— |
|
73,097 |
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Depreciation and amortization |
20,516 |
|
51,487 |
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13,519 |
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18,233 |
|
16,122 |
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— |
|
119,877 |
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Impairment of goodwill |
— |
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— |
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— |
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— |
|
3,203 |
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— |
|
3,203 |
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Impairment of other long-lived assets |
308 |
|
143 |
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— |
|
3,966 |
|
1,235 |
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— |
|
5,652 |
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Operating income (loss) |
423,821 |
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(5,560 |
) |
15,721 |
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(21,691 |
) |
(17,813 |
) |
(27 |
) |
394,451 |
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Interest expense |
423 |
|
1,171 |
|
234 |
|
835 |
|
524 |
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— |
|
3,187 |
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Other expense |
573 |
|
434 |
|
525 |
|
461 |
|
43 |
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— |
|
2,036 |
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Income (loss) before income taxes |
$ |
422,825 |
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$ |
(7,165 |
) |
$ |
14,962 |
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$ |
(22,987 |
) |
$ |
(18,380 |
) |
$ |
(27 |
) |
$ |
389,228 |
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Total expenditures for property, plant and equipment |
$ |
100,701 |
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$ |
33,774 |
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$ |
17,935 |
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$ |
13,398 |
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$ |
26,135 |
|
$ |
— |
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$ |
191,943 |
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As of December 31, 2018: |
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Intangible assets, net |
$ |
1,650 |
|
$ |
4,059 |
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$ |
— |
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$ |
— |
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$ |
2,047 |
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$ |
— |
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$ |
7,756 |
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Total assets |
$ |
366,457 |
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$ |
254,278 |
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$ |
177,870 |
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$ |
83,714 |
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$ |
132,309 |
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$ |
58,463 |
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$ |
1,073,091 |
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a. Included in Pressure Pumping selling, general and administrative expense is non-cash equity based compensation of $17.5 million.
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Year Ended December 31, 2017 |
Infrastructure |
Pressure Pumping |
Sand |
Drilling |
All Other |
Eliminations |
Total |
Revenue from external customers |
$ |
224,425 |
|
$ |
277,326 |
|
$ |
90,023 |
|
$ |
50,075 |
|
$ |
49,647 |
|
$ |
— |
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$ |
691,496 |
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Intersegment revenues |
— |
|
2,026 |
|
27,014 |
|
446 |
|
2,081 |
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(31,567 |
) |
— |
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Total revenue |
224,425 |
|
279,352 |
|
117,037 |
|
50,521 |
|
51,728 |
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(31,567 |
) |
691,496 |
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Cost of revenue, exclusive of depreciation, depletion, amortization and accretion |
120,117 |
|
183,089 |
|
91,049 |
|
46,701 |
|
41,613 |
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— |
|
482,569 |
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Intersegment cost of revenues |
1,443 |
|
28,147 |
|
1,731 |
|
146 |
|
65 |
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(31,532 |
) |
— |
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Total cost of revenue |
121,560 |
|
211,236 |
|
92,780 |
|
46,847 |
|
41,678 |
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(31,532 |
) |
482,569 |
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Selling, general and administrative |
21,606 |
|
9,501 |
|
8,190 |
|
5,510 |
|
5,079 |
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— |
|
49,886 |
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Depreciation, depletion, amortization and accretion |
3,185 |
|
45,413 |
|
9,394 |
|
19,635 |
|
14,497 |
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— |
|
92,124 |
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Impairment of long-lived assets |
— |
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— |
|
324 |
|
3,822 |
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— |
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— |
|
4,146 |
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Operating loss |
78,074 |
|
13,202 |
|
6,349 |
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(25,293 |
) |
(9,526 |
) |
(35 |
) |
62,771 |
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Interest expense |
241 |
|
1,622 |
|
679 |
|
1,695 |
|
73 |
|
— |
|
4,310 |
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Bargain purchase gain |
— |
|
— |
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(4,012 |
) |
— |
|
— |
|
— |
|
(4,012 |
) |
Other expense (income) |
6 |
|
129 |
|
211 |
|
256 |
|
75 |
|
— |
|
677 |
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(Loss) income before income taxes |
$ |
77,827 |
|
$ |
11,451 |
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$ |
9,471 |
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$ |
(27,244 |
) |
$ |
(9,674 |
) |
$ |
(35 |
) |
$ |
61,796 |
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Total expenditures for property, plant and equipment |
20,144 |
|
85,853 |
|
16,376 |
|
8,927 |
|
2,553 |
|
— |
|
133,853 |
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As of December 31, 2017: |
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Intangible assets, net |
$ |
1,770 |
|
$ |
12,392 |
|
$ |
— |
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$ |
— |
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$ |
1,977 |
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$ |
— |
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$ |
16,139 |
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Total assets |
$ |
205,275 |
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$ |
297,140 |
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$ |
190,859 |
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$ |
88,527 |
|
$ |
243,767 |
|
$ |
(158,325 |
) |
$ |
867,243 |
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