| Schedule of 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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Three months ended June 30, 2019 |
Infrastructure |
Pressure Pumping |
Sand |
All Other |
Eliminations |
Total |
Revenue from external customers |
$ |
41,821 |
|
$ |
82,973 |
|
$ |
29,223 |
|
$ |
27,803 |
|
$ |
— |
|
$ |
181,820 |
|
Intersegment revenues |
— |
|
1,668 |
|
11,170 |
|
584 |
|
(13,422 |
) |
— |
|
Total revenue |
41,821 |
|
84,641 |
|
40,393 |
|
28,387 |
|
(13,422 |
) |
181,820 |
|
Cost of revenue, exclusive of depreciation, depletion, amortization and accretion |
44,864 |
|
59,835 |
|
32,676 |
|
30,640 |
|
— |
|
168,015 |
|
Intersegment cost of revenues |
— |
|
11,797 |
|
1,141 |
|
562 |
|
(13,500 |
) |
— |
|
Total cost of revenue |
44,864 |
|
71,632 |
|
33,817 |
|
31,202 |
|
(13,500 |
) |
168,015 |
|
Selling, general and administrative |
3,035 |
|
2,664 |
|
1,380 |
|
2,376 |
|
— |
|
9,455 |
|
Depreciation, depletion, amortization and accretion |
7,818 |
|
10,174 |
|
4,528 |
|
7,625 |
|
— |
|
30,145 |
|
Operating (loss) income |
(13,896 |
) |
171 |
|
668 |
|
(12,816 |
) |
78 |
|
(25,795 |
) |
Interest expense, net |
386 |
|
452 |
|
72 |
|
641 |
|
— |
|
1,551 |
|
Other (income) expense, net |
(4,045 |
) |
9 |
|
(32 |
) |
49 |
|
— |
|
(4,019 |
) |
(Loss) income before income taxes |
$ |
(10,237 |
) |
$ |
(290 |
) |
$ |
628 |
|
$ |
(13,506 |
) |
$ |
78 |
|
$ |
(23,327 |
) |
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Three months ended June 30, 2018 |
Infrastructure |
Pressure Pumping |
Sand |
All Other |
Eliminations |
Total |
Revenue from external customers |
$ |
360,250 |
|
$ |
100,333 |
|
$ |
37,439 |
|
$ |
35,572 |
|
$ |
— |
|
$ |
533,594 |
|
Intersegment revenues |
— |
|
1,073 |
|
15,406 |
|
1,776 |
|
(18,255 |
) |
— |
|
Total revenue |
360,250 |
|
101,406 |
|
52,845 |
|
37,348 |
|
(18,255 |
) |
533,594 |
|
Cost of revenue, exclusive of depreciation, depletion, amortization and accretion |
210,189 |
|
61,593 |
|
35,117 |
|
32,929 |
|
— |
|
339,828 |
|
Intersegment cost of revenues |
754 |
|
16,174 |
|
1,019 |
|
60 |
|
(18,007 |
) |
— |
|
Total cost of revenue |
210,943 |
|
77,767 |
|
36,136 |
|
32,989 |
|
(18,007 |
) |
339,828 |
|
Selling, general and administrative |
39,786 |
|
20,822 |
|
1,787 |
|
2,732 |
|
— |
|
65,127 |
|
Depreciation, depletion, amortization and accretion |
4,094 |
|
13,829 |
|
3,881 |
|
8,991 |
|
— |
|
30,795 |
|
Impairment of long-lived assets |
— |
|
— |
|
— |
|
187 |
|
— |
|
187 |
|
Operating income (loss) |
105,427 |
|
(11,012 |
) |
11,041 |
|
(7,551 |
) |
(248 |
) |
97,657 |
|
Interest expense, net |
106 |
|
341 |
|
76 |
|
436 |
|
— |
|
959 |
|
Other expense, net |
330 |
|
80 |
|
36 |
|
40 |
|
— |
|
486 |
|
Income (loss) before income taxes |
$ |
104,991 |
|
$ |
(11,433 |
) |
$ |
10,929 |
|
$ |
(8,027 |
) |
$ |
(248 |
) |
$ |
96,212 |
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Six months ended June 30, 2019 |
Infrastructure |
Pressure Pumping |
Sand |
All Other |
Eliminations |
Total |
Revenue from external customers |
$ |
150,542 |
|
$ |
173,568 |
|
$ |
54,187 |
|
$ |
65,661 |
|
$ |
— |
|
$ |
443,958 |
|
Intersegment revenues |
— |
|
3,212 |
|
24,067 |
|
1,243 |
|
(28,522 |
) |
— |
|
Total revenue |
150,542 |
|
176,780 |
|
78,254 |
|
66,904 |
|
(28,522 |
) |
443,958 |
|
Cost of revenue, exclusive of depreciation, depletion, amortization and accretion |
103,828 |
|
124,047 |
|
62,928 |
|
66,282 |
|
— |
|
357,085 |
|
Intersegment cost of revenues |
— |
|
25,334 |
|
2,188 |
|
1,060 |
|
(28,582 |
) |
— |
|
Total cost of revenue |
103,828 |
|
149,381 |
|
65,116 |
|
67,342 |
|
(28,582 |
) |
357,085 |
|
Selling, general and administrative |
12,553 |
|
5,876 |
|
2,899 |
|
5,463 |
|
— |
|
26,791 |
|
Depreciation, depletion, amortization and accretion |
15,537 |
|
20,068 |
|
7,401 |
|
15,715 |
|
— |
|
58,721 |
|
Operating income (loss) |
18,624 |
|
1,455 |
|
2,838 |
|
(21,616 |
) |
60 |
|
1,361 |
|
Interest expense, net |
425 |
|
649 |
|
102 |
|
898 |
|
— |
|
2,074 |
|
Other (income) expense, net |
(28,869 |
) |
8 |
|
(32 |
) |
317 |
|
— |
|
(28,576 |
) |
Income (loss) before income taxes |
$ |
47,068 |
|
$ |
798 |
|
$ |
2,768 |
|
$ |
(22,831 |
) |
$ |
60 |
|
$ |
27,863 |
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Six months ended June 30, 2018 |
Infrastructure |
Pressure Pumping |
Sand |
All Other |
Eliminations |
Total |
Revenue from external customers |
$ |
685,709 |
|
$ |
196,912 |
|
$ |
73,942 |
|
$ |
71,280 |
|
$ |
— |
|
$ |
1,027,843 |
|
Intersegment revenues |
— |
|
5,632 |
|
29,918 |
|
4,193 |
|
(39,743 |
) |
— |
|
Total revenue |
685,709 |
|
202,544 |
|
103,860 |
|
75,473 |
|
(39,743 |
) |
1,027,843 |
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Cost of revenue, exclusive of depreciation, depletion, amortization and accretion |
404,265 |
|
128,205 |
|
68,447 |
|
65,012 |
|
— |
|
665,929 |
|
Intersegment cost of revenues |
2,545 |
|
31,576 |
|
5,305 |
|
327 |
|
(39,753 |
) |
— |
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Total cost of revenue |
406,810 |
|
159,781 |
|
73,752 |
|
65,339 |
|
(39,753 |
) |
665,929 |
|
Selling, general and administrative |
71,637 |
|
23,485 |
|
3,431 |
|
5,085 |
|
— |
|
103,638 |
|
Depreciation, depletion, amortization and accretion |
6,501 |
|
27,815 |
|
6,197 |
|
17,190 |
|
— |
|
57,703 |
|
Impairment of long-lived assets |
— |
|
— |
|
— |
|
187 |
|
— |
|
187 |
|
Operating income (loss) |
200,761 |
|
(8,537 |
) |
20,480 |
|
(12,328 |
) |
10 |
|
200,386 |
|
Interest expense, net |
182 |
|
845 |
|
156 |
|
1,013 |
|
— |
|
2,196 |
|
Other expense, net |
332 |
|
92 |
|
23 |
|
67 |
|
— |
|
514 |
|
Income (loss) before income taxes |
$ |
200,247 |
|
$ |
(9,474 |
) |
$ |
20,301 |
|
$ |
(13,408 |
) |
$ |
10 |
|
$ |
197,676 |
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Infrastructure |
Pressure Pumping |
Sand |
All Other |
Eliminations |
Total |
As of June 30, 2019: |
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Total assets |
$ |
419,368 |
|
$ |
265,244 |
|
$ |
216,857 |
|
$ |
147,611 |
|
$ |
59,830 |
|
$ |
1,108,910 |
|
Goodwill |
$ |
3,828 |
|
$ |
86,043 |
|
$ |
2,684 |
|
$ |
8,690 |
|
$ |
— |
|
$ |
101,245 |
|
As of December 31, 2018: |
|
|
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|
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|
Total assets |
$ |
366,457 |
|
$ |
254,278 |
|
$ |
177,870 |
|
$ |
122,442 |
|
$ |
152,044 |
|
$ |
1,073,091 |
|
Goodwill |
$ |
3,828 |
|
$ |
86,043 |
|
$ |
2,684 |
|
$ |
8,690 |
|
$ |
— |
|
$ |
101,245 |
|
|