Quarterly report pursuant to Section 13 or 15(d)

Basis of Presentation and Significant Accounting Policies (Tables)

v3.22.2
Basis of Presentation and Significant Accounting Policies (Tables)
 6 Months Ended
Jun. 30, 2022
Accounting Policies [Abstract]  
Schedule of Allowance for Doubtful Accounts Receivable
Following is a roll forward of the allowance for doubtful accounts for the year ended December 31, 2021 and the six months ended June 30, 2022 (in thousands):

Balance, January 1, 2021 $ 30,139 
Additions charged to bad debt expense 41,873 
Additions charged to revenue 27,071 
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 
Additions charged to bad debt expense 34 
Recoveries of receivables previously charged to bad debt expense (149)
Deductions for uncollectible receivables written off (14,246)
Balance, June 30, 2022 $ 3,724 
Following is a roll forward of the allowance for doubtful accounts specifically related to Gulfport (in thousands):
Balance, January 1, 2021 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)
Balance, December 31, 2021 $ 11,714 
Recoveries of receivables previously charged to bad debt expense (147)
Deductions for uncollectible receivables written off (11,567)
Balance, June 30, 2022 $ — 
Schedules of Concentration of Risk Following is a summary of our significant customers based on percentages of total accounts receivable balances at June 30, 2022 and December 31, 2021 and percentages of total revenues derived for the three and six months ended June 30, 2022 and 2021:
REVENUES ACCOUNTS RECEIVABLE
Three Months Ended June 30, Six Months Ended June 30, At June 30, At December 31,
2022 2021 2022 2021 2022 2021
Customer A(a)
—  % —  % —  % —  % 83  % 83  %
Customer B(b)
22  % —  % 14  % —  % —  % —  %
Customer C(c)
1  % 10  % 11  % 11  % —  % —  %
Customer D(d)
3  % 25  % 4  % 11  % 1  % 1  %
Customer E(e)
—  % —  % —  % 15  % —  % —  %
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 is a third-party customer. Revenues and the related accounts receivable balances earned from Customer B were derived from the Company’s well completion services segment.
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 well completion services segment.
d.Customer D is a third-party customer. Revenues and the related accounts receivable balances earned from Customer D were derived from the Company’s infrastructure services segment.
e.Customer E 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 unaudited condensed consolidated statements of comprehensive income (loss).
Revenues and the related accounts receivable balances earned from Customer E were derived from the Company’s well completion services segment, natural sand proppant services segment and other businesses.