| Schedule of Allowance for Doubtful Accounts Receivable |
Following is a roll forward of the allowance for doubtful accounts for the years ended December 31, 2021, 2020 and 2019 (in thousands):
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| Balance, January 1, 2019 |
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$ |
5,198 |
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| Additions charged to bad debt expense |
|
1,771 |
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| Recoveries of receivables previously charged to bad debt expense |
|
(337) |
|
| Deductions for uncollectible receivables written off |
|
(1,478) |
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| Balance, December 31, 2019 |
|
5,154 |
|
| Additions charged to bad debt expense |
|
22,705 |
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| Additions charged to other selling, general and administrative expense |
|
3,950 |
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| Additions charged to other, net - related parties |
|
1,427 |
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| Recoveries of receivables previously charged to bad debt expense |
|
(747) |
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| Deductions for uncollectible receivables written off |
|
(2,350) |
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| Balance, December 31, 2020 |
|
30,139 |
|
| Additions charged to bad debt expense |
|
41,873 |
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| Additions charged to revenue |
|
27,071 |
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| Additions charged to other selling, general and administrative expense |
|
273 |
|
| Additions charged to other income (expense), net - related parties |
|
515 |
|
| Additions charged to other income (expense), net |
|
1,474 |
|
| Recoveries of receivables previously charged to bad debt expense |
|
(211) |
|
| Deductions for uncollectible receivables written off |
|
(83,049) |
|
| Balance, December 31, 2021 |
|
$ |
18,085 |
|
Following is a roll forward of the allowance for doubtful accounts specifically related to Gulfport (in thousands):
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|
|
|
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|
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|
|
| Balance, January 1, 2020 |
|
— |
|
| Additions charged to bad debt expense |
|
19,395 |
|
| Additions charged to other selling, general and administrative expense |
|
1,759 |
|
| Additions charged to other, net - related parties |
|
1,427 |
|
| Balance, December 31, 2020 |
|
22,581 |
|
| Additions charged to bad debt expense |
|
41,196 |
|
| Additions charged to revenue |
|
27,070 |
|
| Additions charged to other income (expense), net - related parties |
|
1,842 |
|
| Deductions for uncollectible receivables written off |
|
(80,975) |
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| Balance, December 31, 2021 |
|
$ |
11,714 |
|
|
| Schedule of Asset Retirement Obligations |
Following is a roll forward of the Company’s asset retirement obligations for the years ended December 31, 2021 and 2020 (in thousands):
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|
|
|
|
|
|
|
December 31, |
|
|
2021 |
|
2020 |
| Balance as of beginning of period |
|
$ |
4,746 |
|
|
$ |
4,241 |
|
| Additions and revisions of prior estimates |
|
(385) |
|
|
372 |
|
| Accretion expense |
|
146 |
|
|
115 |
|
| Liabilities settled |
|
(782) |
|
|
— |
|
| Foreign currency translation adjustment |
|
(5) |
|
|
18 |
|
| Asset retirement obligation as of end of period |
|
$ |
3,720 |
|
|
$ |
4,746 |
|
|
| Schedules of Significant Customers |
Following is a summary of our significant customers based on accounts receivable balances at December 31, 2021 and 2020 and revenues derived for the years ended December 31, 2021, 2020 and 2019:
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|
REVENUES |
|
ACCOUNTS RECEIVABLE |
|
Years Ended December 31, |
|
At December 31, |
|
2021 |
2020 |
2019 |
|
2021 |
2020 |
Customer A(a)
|
— |
% |
— |
% |
15 |
% |
|
83 |
% |
71 |
% |
Customer B(b)
|
7 |
% |
16 |
% |
20 |
% |
|
— |
% |
7 |
% |
Customer C(c)
|
3 |
% |
15 |
% |
— |
% |
|
— |
% |
6 |
% |
a.Customer A is a third-party customer. Revenues and the related accounts receivable balances earned from Customer A were derived from the Company’s infrastructure services segment. Accounts receivable for Customer A also includes receivables due for interest charged on delinquent accounts receivable.
b.Customer B was a related-party customer until June 29, 2021. Revenues earned from this customer prior to June 29, 2021 are included in services revenue - related parties and product revenue - related parties on the consolidated statements of comprehensive loss. The related accounts receivable are included in accounts receivable, net on the consolidated balance sheet at December 31, 2021 and receivables due from related parties, net at December 31, 2020. Revenues and the related accounts receivable balances earned from Customer B were derived from the Company’s well completion services segment, natural sand proppant services segment and other businesses. Accounts receivable for Customer B also included receivables due for interest charged on delinquent accounts receivable.
c.Customer C is a third-party customer. Revenues and the related accounts receivable balances earned from Customer C were derived from the Company’s infrastructure services segment.
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