Mammoth Energy Services, Inc. Annual report pursuant to Section 13 and 15(d)

Reporting Segments and Geographic Areas (Tables)

12 Months Ended

Dec. 31, 2021

The following tables set forth certain financial information with respect to the Company’s reportable segments (in thousands):


Year Ended December 31, 2021	Infrastructure		Well Completion		Sand		Drilling		All Other		Eliminations		Total
Revenue from external customers	$	93,403	$	84,190	$	30,880	$	4,197	$	16,292	$	—	$	228,962
Intersegment revenues	—		144		3,980		124		2,218		(6,466)		—
Total revenue	93,403		84,334		34,860		4,321		18,510		(6,466)		228,962
Cost of revenue, exclusive of depreciation, depletion, amortization and accretion	90,363		58,782		27,232		6,102		15,847		—		198,326
Intersegment cost of revenues	196		5,770		—		—		500		(6,466)		—
Total cost of revenue	90,559		64,552		27,232		6,102		16,347		(6,466)		198,326
Selling, general and administrative	18,267		49,275		5,351		1,414		3,939		—		78,246
Depreciation, depletion, amortization and accretion	21,880		26,377		9,005		7,996		13,217		—		78,475
Impairment of goodwill	891		—		—		—		—		—		891
Impairment of other long-lived assets	665		—		—		—		547		—		1,212
Operating loss	(38,859)		(55,870)		(6,728)		(11,191)		(15,540)		—		(128,188)
Interest expense	3,925		1,107		474		293		607		—		6,406
Other (income) expense, net	(6,785)		1,073		(874)		(177)		(3,538)		—		(10,301)
Loss before income taxes	$	(35,999)	$	(58,050)	$	(6,328)	$	(11,307)	$	(12,609)	$	—	$	(124,293)
Total expenditures for property, plant and equipment	$	627	$	4,327	$	484	$	44	$	361	$	—	$	5,843
As of December 31, 2021:
Intangible assets, net	$	165	$	1,995	$	—	$	—	$	401	$	—	$	2,561
Total assets	$	427,626	$	56,036	$	156,519	$	27,457	$	129,202	$	(75,948)	$	720,892


Year Ended December 31, 2020	Infrastructure		Well Completion		Sand		Drilling		All Other		Eliminations		Total
Revenue from external customers	$	157,751	$	87,201	$	34,265	$	7,746	$	26,113	$	—	$	313,076
Intersegment revenue	—		1,124		95		39		2,716		(3,974)		—
Total revenue	157,751		88,325		34,360		7,785		28,829		(3,974)		313,076
Cost of revenue, exclusive of depreciation, depletion, amortization and accretion	124,232		45,647		25,955		10,757		25,430		—		232,021
Intersegment cost of revenues	323		1,836		—		152		1,663		(3,974)		—
Total cost of revenue	124,555		47,483		25,955		10,909		27,093		(3,974)		232,021
Selling, general and administrative	27,261		23,039		7,807		3,149		5,929		—		67,185
Depreciation, depletion, amortization and accretion	29,373		30,411		9,771		10,039		15,723		—		95,317
Impairment of goodwill	—		53,406		—		—		1,567		—		54,973
Impairment of other long-lived assets	—		4,203		—		326		8,368		—		12,897
Operating loss	(23,438)		(70,217)		(9,173)		(16,638)		(29,851)		—		(149,317)
Interest expense	2,794		1,130		312		454		707		—		5,397
Other (income) expense, net	(32,437)		(2,274)		1,839		(227)		(1,839)		—		(34,938)
Income (loss) before income taxes	$	6,205	$	(69,073)	$	(11,324)	$	(16,865)	$	(28,719)	$	—	$	(119,776)
Total expenditures for property, plant and equipment	$	258	$	4,358	$	1,073	$	432	$	716	$	—	$	6,837
As of December 31, 2020:
Intangible assets, net	$	1,063	$	2,683	$	—	$	—	$	1,028	$	—	$	4,774
Total assets	$	437,296	$	99,247	$	172,927	$	36,252	$	136,422	$	(57,582)	$	824,562


Year Ended December 31, 2019	Infrastructure		Well Completion		Sand		Drilling		All Other		Eliminations		Total
Revenue from external customers	$	210,712	$	241,951	$	67,267	$	31,728	$	73,354	$	—	$	625,012
Intersegment revenues	2,573		1,851		29,796		236		15,232		(49,688)		—
Total revenue	213,285		243,802		97,063		31,964		88,586		(49,688)		625,012
Cost of revenue, exclusive of depreciation, depletion, amortization and accretion	160,731		174,816		87,637		35,925		84,679		—		543,788
Intersegment cost of revenues	12,820		31,727		15		1,028		4,158		(49,748)		—
Total cost of revenue	173,551		206,543		87,652		36,953		88,837		(49,748)		543,788
Selling, general and administrative	23,616		10,889		5,006		4,177		7,864		—		51,552
Depreciation, depletion, amortization and accretion	30,349		40,159		14,050		13,143		19,332		—		117,033
Impairment of goodwill	—		23,423		2,684		—		7,557		—		33,664
Impairment of other long-lived assets	—		—		—		2,955		4,403		—		7,358
Operating loss	(14,231)		(37,212)		(12,329)		(25,264)		(39,407)		60		(128,383)
Interest expense	1,674		1,228		193		862		1,001		—		4,958
Other expense	(41,949)		580		67		(9)		(905)		—		(42,216)
(Loss) income before income taxes	$	26,044	$	(39,020)	$	(12,589)	$	(26,117)	$	(39,503)	$	60	$	(91,125)
Total expenditures for property, plant and equipment	$	3,456	$	14,703	$	2,877	$	3,156	$	11,569	$	—	35,761
As of December 31, 2019:
Intangible assets, net	$	1,296	$	3,371	$	—	$	—	$	1,121	$	—	$	5,788
Total assets	$	420,755	$	172,608	$	189,415	$	55,273	$	166,406	$	(52,072)	$	952,385

The following table presents consolidated revenues by country based on sales destination of the products or services (in thousands):

The following table presents long-lived assets, excluding deferred income tax assets, by country (in thousands):