Annual report pursuant to Section 13 and 15(d)

Acquisition of Lantern Rigs (Tables)

v3.6.0.2
Acquisition of Lantern Rigs (Tables)
 12 Months Ended
Dec. 31, 2016
Business Combinations [Abstract]  
Business Acquisition, Pro Forma Information
Since the acquisition date, the businesses acquired have provided the following earnings activity:
 
 
2016
 
2015
 
2014
 
 
Pressure Pumping
Logistics
 
Pressure Pumping
Logistics
 
Pressure Pumping
Logistics
Revenues
 
$
123,736,030

$
4,393,991

 
$
166,869,663

$
5,922,131

 
$
17,731,317

$
635,024

Eliminations (1)
 
(4,350
)
(4,349,075
)
 
—

(5,922,131
)
 
—

(635,024
)
Revenues in consolidation
 
123,731,680

44,916

 
166,869,663

—

 
17,731,317

—

 
 
 
 
 
 
 
 
 
 
Net income (loss)
 
(2,207,333
)
(367,927
)
 
(4,870,645
)
630,999

 
(1,612,370
)
97,525

Eliminations (2)
 
4,802,981

(4,341,053
)
 
9,013,897

(5,922,131
)
 
1,051,191

(635,024
)
Net income (loss) in consolidation
 
2,595,648

(4,708,980
)
 
4,143,252

(5,291,132
)
 
(561,179
)
(537,499
)
(1) 
Eliminations related to work performed on behalf of Stingray Pressure Pumping and Stingray Logistics
(2) 
Eliminations relate to work performed on behalf of Stingray Pressure Pumping in addition to services provided by other Mammoth affiliates.
The following table presents unaudited 2014 pro forma information for the Company as if the acquisition had occurred as of January 1, 2014:
 
 
2014
Revenues
 
$
381,868,708

Net loss
 
(9,438,437
)
Since the acquisition date, the businesses acquired have provided the following earnings activity:
 
 
2016
 
2015
 
2014
Revenues
 
$
16,069,976

 
$
24,262,672

 
$
34,698,597

Net income (loss)
 
(7,409,865
)
 
609,069

 
6,873,499


The following table presents unaudited 2014 pro forma information for the Company as if the acquisition had occurred as of January 1, 2014:
 
 
2014
Revenues
 
$
262,461,809

Net loss
 
(966,952
)