Quarterly report pursuant to Section 13 or 15(d)

Reporting Segments (Tables)

v3.21.2
Reporting Segments (Tables)
 9 Months Ended
Sep. 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 September 30, 2021 Infrastructure Well Completion Sand Drilling All Other Eliminations Total
Revenue from external customers $ 23,489  $ 22,702  $ 4,439  $ 1,184  $ 5,671  $ —  $ 57,485 
Intersegment revenues —  30  3,980  23  482  (4,515) — 
Total revenue 23,489  22,732  8,419  1,207  6,153  (4,515) 57,485 
Cost of revenue, exclusive of depreciation, depletion, amortization and accretion 20,541  18,125  9,368  1,566  4,917  —  54,517 
Intersegment cost of revenues 54  3,204  —  —  324  (4,515) (933)
Total cost of revenue 20,595  21,329  9,368  1,566  5,241  (4,515) 53,584 
Selling, general and administrative 4,586  34,606  1,068  288  1,318  —  41,866 
Depreciation, depletion, amortization and accretion 4,933  6,538  2,533  1,942  3,202  —  19,148 
Impairment of other long-lived assets —  —  —  —  547  —  547 
Operating loss (6,625) (39,741) (4,550) (2,589) (4,155) —  (57,660)
Interest expense, net 971  215  107  56  135  —  1,484 
Other (income) expense, net (9,256) 755  (46) (66) (2,443) —  (11,056)
Income (loss) before income taxes $ 1,660  $ (40,711) $ (4,611) $ (2,579) $ (1,847) $ —  $ (48,088)
Three months ended September 30, 2020 Infrastructure Well Completion Sand Drilling All Other Eliminations Total
Revenue from external customers $ 43,582  $ 15,738  $ 6,031  $ 1,193  $ 3,990  $ —  $ 70,534 
Intersegment revenues —  27  —  11  687  (725) — 
Total revenue 43,582  15,765  6,031  1,204  4,677  (725) 70,534 
Cost of revenue, exclusive of depreciation, depletion, amortization and accretion 28,883  6,510  4,154  1,955  4,427  —  45,929 
Intersegment cost of revenues 162  449  —  —  114  (725) — 
Total cost of revenue 29,045  6,959  4,154  1,955  4,541  (725) 45,929 
Selling, general and administrative 7,227  1,721  1,056  382  1,794  —  12,180 
Depreciation, depletion, amortization and accretion 7,294  7,189  2,700  2,294  3,655  —  23,132 
Operating income (loss) 16  (104) (1,879) (3,427) (5,313) —  (10,707)
Interest expense, net 623  253  70  60  92  —  1,098 
Other (income) expense, net (8,375) (1,156) 1,792  20  (1,323) —  (9,042)
Income (loss) before income taxes $ 7,768  $ 799  $ (3,741) $ (3,507) $ (4,082) $ —  $ (2,763)
Nine months ended September 30, 2021 Infrastructure Well Completion Sand Drilling All Other Eliminations Total
Revenue from external customers $ 69,965  $ 62,939  $ 20,031  $ 3,234  $ 15,561  $ —  $ 171,730 
Intersegment revenues —  120  3,980  54  1,804  (5,958) — 
Total revenue 69,965  63,059  24,011  3,288  17,365  (5,958) 171,730 
Cost of revenue, exclusive of depreciation, depletion, amortization and accretion 66,864  42,339  22,631  4,739  15,466  —  152,039 
Intersegment cost of revenues 165  5,449  —  —  344  (5,958) — 
Total cost of revenue 67,029  47,788  22,631  4,739  15,810  (5,958) 152,039 
Selling, general and administrative 18,222  47,111  4,108  1,105  4,151  —  74,697 
Depreciation, depletion, amortization and accretion 17,499  19,668  7,059  6,185  10,148  —  60,559 
Impairment of other long-lived assets —  —  —  —  547  —  547 
Operating loss (32,785) (51,508) (9,787) (8,741) (13,291) —  (116,112)
Interest expense, net 2,287  688  291  177  435  —  3,878 
Other (income) expense, net (2,663) 1,196  (892) (201) (2,929) —  (5,489)
Loss before income taxes $ (32,409) $ (53,392) $ (9,186) $ (8,717) $ (10,797) $ —  $ (114,501)
Nine months ended September 30, 2020 Infrastructure Well Completion Sand Drilling All Other Eliminations Total
Revenue from external customers $ 99,307  $ 74,549  $ 22,421  $ 7,166  $ 24,583  $ —  $ 228,026 
Intersegment revenues —  1,080  95  16  2,046  (3,237) — 
Total revenue 99,307  75,629  22,516  7,182  26,629  (3,237) 228,026 
Cost of revenue, exclusive of depreciation, depletion, amortization and accretion 80,780  40,454  21,845  9,592  23,917  —  176,588 
Intersegment cost of revenues 197  1,410  —  151  1,479  (3,237) — 
Total cost of revenue 80,977  41,864  21,845  9,743  25,396  (3,237) 176,588 
Selling, general and administrative 19,001  5,347  3,737  2,776  5,816  —  36,677 
Depreciation, depletion, amortization and accretion 22,416  23,346  7,380  7,814  12,174  —  73,130 
Impairment of goodwill —  53,406  —  —  1,567  —  54,973 
Impairment of other long-lived assets —  4,203  —  326  8,368  —  12,897 
Operating loss (23,087) (52,537) (10,446) (13,477) (26,692) —  (126,239)
Interest expense, net 2,091  857  217  450  592  —  4,207 
Other (income) expense, net (24,082) (2,444) 1,753  (251) (697) —  (25,721)
Loss before income taxes $ (1,096) $ (50,950) $ (12,416) $ (13,676) $ (26,587) $ —  $ (104,725)
Infrastructure Well Completion Sand Drilling All Other Eliminations Total
As of September 30, 2021:
Total assets $ 423,267  $ 70,335  $ 159,215  $ 29,295  $ 111,434  $ (65,039) $ 728,507 
As of December 31, 2020:
Total assets $ 436,604  $ 99,247  $ 172,927  $ 36,252  $ 135,194  $ (55,662) $ 824,562