Quarterly report pursuant to Section 13 or 15(d)

Reporting Segments (Tables)

v3.21.2
Reporting Segments (Tables)
 6 Months Ended
Jun. 30, 2021
Segment Reporting [Abstract]  
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):
Three months ended June 30, 2021 Infrastructure Well Completion Sand Drilling All Other Eliminations Total
Revenue from external customers $ 17,220  $ 17,337  $ 6,886  $ 1,130  $ 4,867  $ —  $ 47,440 
Intersegment revenues —  36  —  17  682  (735) — 
Total revenue 17,220  17,373  6,886  1,147  5,549  (735) 47,440 
Cost of revenue, exclusive of depreciation, depletion, amortization and accretion 19,881  16,396  7,400  1,568  5,130  —  50,375 
Intersegment cost of revenues 50  666  —  —  19  (735) — 
Total cost of revenue 19,931  17,062  7,400  1,568  5,149  (735) 50,375 
Selling, general and administrative 7,383  1,893  991  395  1,321  —  11,983 
Depreciation, depletion, amortization and accretion 5,899  6,447  2,387  2,079  3,453  —  20,265 
Operating loss (15,993) (8,029) (3,892) (2,895) (4,374) —  (35,183)
Interest expense, net 656  219  90  58  146  —  1,169 
Other (income) expense, net 15,904  1  (53) (127) (727) —  14,998 
Loss before income taxes $ (32,553) $ (8,249) $ (3,929) $ (2,826) $ (3,793) $ —  $ (51,350)
Three months ended June 30, 2020 Infrastructure Well Completion Sand Drilling All Other Eliminations Total
Revenue from external customers $ 30,249  $ 16,125  $ 6,237  $ 1,250  $ 6,248  $ —  $ 60,109 
Intersegment revenues —  419  —  —  584  (1,003) — 
Total revenue 30,249  16,544  6,237  1,250  6,832  (1,003) 60,109 
Cost of revenue, exclusive of depreciation, depletion, amortization and accretion 25,217  8,375  6,394  2,012  6,755  —  48,753 
Intersegment cost of revenues 27  333  —  21  622  (1,003) — 
Total cost of revenue 25,244  8,708  6,394  2,033  7,377  (1,003) 48,753 
Selling, general and administrative 7,830  1,456  1,378  1,331  1,731  —  13,726 
Depreciation, depletion, amortization and accretion 7,500  7,675  2,358  2,671  3,912  —  24,116 
Operating loss (10,325) (1,295) (3,893) (4,785) (6,188) —  (26,486)
Interest expense, net 716  329  69  132  225  —  1,471 
Other (income) expense, net (8,004) (1,179) (2) (298) 213  —  (9,270)
Loss before income taxes $ (3,037) $ (445) $ (3,960) $ (4,619) $ (6,626) $ —  $ (18,687)
Six months ended June 30, 2021 Infrastructure Well Completion Sand Drilling All Other Eliminations Total
Revenue from external customers $ 46,476  $ 40,238  $ 15,592  $ 2,049  $ 9,889  $ —  $ 114,244 
Intersegment revenues —  90  —  31  1,322  (1,443) — 
Total revenue 46,476  40,328  15,592  2,080  11,211  (1,443) 114,244 
Cost of revenue, exclusive of depreciation, depletion, amortization and accretion 46,340  25,399  13,262  3,173  10,281  —  98,455 
Intersegment cost of revenues 95  1,060  —  —  288  (1,443) — 
Total cost of revenue 46,435  26,459  13,262  3,173  10,569  (1,443) 98,455 
Selling, general and administrative 13,635  12,505  3,040  818  2,833  —  32,831 
Depreciation, depletion, amortization and accretion 12,566  13,130  4,527  4,242  6,946  —  41,411 
Operating loss (26,160) (11,766) (5,237) (6,153) (9,137) —  (58,453)
Interest expense, net 1,317  473  183  121  300  —  2,394 
Other (income) expense, net 6,593  440  (847) (135) (485) —  5,566 
Loss before income taxes $ (34,070) $ (12,679) $ (4,573) $ (6,139) $ (8,952) $ —  $ (66,413)
Six months ended June 30, 2020 Infrastructure Well Completion Sand Drilling All Other Eliminations Total
Revenue from external customers $ 55,724  $ 58,811  $ 16,391  $ 5,973  $ 20,593  $ —  $ 157,492 
Intersegment revenues —  1,052  95  5  1,360  (2,512) — 
Total revenue 55,724  59,863  16,486  5,978  21,953  (2,512) 157,492 
Cost of revenue, exclusive of depreciation, depletion, amortization and accretion 51,897  33,943  17,691  7,637  19,491  —  130,659 
Intersegment cost of revenues 35  961  —  152  1,364  (2,512) — 
Total cost of revenue 51,932  34,904  17,691  7,789  20,855  (2,512) 130,659 
Selling, general and administrative 11,774  3,627  2,680  2,394  4,022  —  24,497 
Depreciation, depletion, amortization and accretion 15,122  16,157  4,681  5,520  8,518  —  49,998 
Impairment of goodwill —  53,406  —  —  1,567  —  54,973 
Impairment of other long-lived assets —  4,203  —  326  8,368  —  12,897 
Operating loss (23,104) (52,434) (8,566) (10,051) (21,377) —  (115,532)
Interest expense, net 1,467  605  147  389  501  —  3,109 
Other (income) expense, net (15,707) (1,288) (39) (271) 626  —  (16,679)
Loss before income taxes $ (8,864) $ (51,751) $ (8,674) $ (10,169) $ (22,504) $ —  $ (101,962)
Infrastructure Well Completion Sand Drilling All Other Eliminations Total
As of June 30, 2021:
Total assets $ 411,629  $ 103,312  $ 159,577  $ 30,737  $ 100,735  $ (40,051) $ 765,939 
As of December 31, 2020:
Total assets $ 436,604  $ 99,247  $ 172,927  $ 36,252  $ 135,194  $ (55,662) $ 824,562