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

Reporting Segments and Geographic Areas (Tables)

12 Months Ended

Dec. 31, 2018



Year Ended December 31, 2018	Infrastructure		Pressure Pumping			Sand		All Other			Eliminations			Total
Revenue from external customers	$	1,082,371	$	362,491		$	100,816	$	144,406		$	—		$	1,690,084
Intersegment revenues	—		7,001			67,459		5,516			(79,976		)	—
Total revenue	1,082,371		369,492			168,275		149,922			(79,976		)	1,690,084
Cost of revenue, exclusive of depreciation, depletion, amortization and accretion	608,017		223,296			126,714		135,777			—			1,093,804
Intersegment cost of revenues	2,583		70,365			6,103		898			(79,949		)	—
Total cost of revenue	610,600		293,661			132,817		136,675			(79,949		)	1,093,804
Selling, general and administrative^(a)	27,126		29,761			6,218		9,992			—			73,097
Depreciation, depletion, amortization and accretion	20,516		51,487			13,519		34,355			—			119,877
Impairment of long-lived assets	308		143			—		8,404			—			8,855
Operating income (loss)	423,821		(5,560		)	15,721		(39,504		)	(27		)	394,451
Interest expense	423		1,171			234		1,359			—			3,187
Other expense	573		434			525		504			—			2,036
Income (loss) before income taxes	$	422,825	$	(7,165	)	$	14,962	$	(41,367	)	$	(27	)	$	389,228
Total expenditures for property, plant and equipment	$	100,701	$	33,774		$	17,935	$	39,533		$	—		$	191,943
As of December 31, 2018:
Goodwill	$	3,828	$	86,043		$	2,684	$	8,690		$	—		$	101,245
Intangible assets, net	$	1,650	$	4,059		$	—	$	2,047		$	—		$	7,756
Total assets	$	366,457	$	254,278		$	177,870	$	122,442		$	152,044		$	1,073,091


a.	Included in Pressure Pumping selling, general and administrative expense is non-cash equity based compensation expense of $17.5 million.



Year Ended December 31, 2017	Infrastructure		Pressure Pumping		Sand			All Other			Eliminations			Total
Revenue from external customers	$	224,425	$	277,326	$	90,023		$	99,722		$	—		$	691,496
Intersegment revenue	—		2,026		27,014			2,527			(31,567		)	—
Total revenue	224,425		279,352		117,037			102,249			(31,567		)	691,496
Cost of revenue, exclusive of depreciation, depletion, amortization and accretion	120,117		183,089		91,049			88,314			—			482,569
Intersegment cost of revenues	1,443		28,147		1,731			211			(31,532		)	—
Total cost of revenue	121,560		211,236		92,780			88,525			(31,532		)	482,569
Selling, general and administrative	21,606		9,501		8,190			10,589			—			49,886
Depreciation and amortization	3,185		45,413		9,394			34,132			—			92,124
Impairment of long-lived assets	—		—		324			3,822			—			4,146
Operating income (loss)	78,074		13,202		6,349			(34,819		)	(35		)	62,771
Interest expense	241		1,622		679			1,768			—			4,310
Bargain purchase gain	—		—		(4,012		)	—			—			(4,012		)
Other expense	6		129		211			331			—			677
Income (loss) before income taxes	$	77,827	$	11,451	$	9,471		$	(36,918	)	$	(35	)	$	61,796
Total expenditures for property, plant and equipment	$	20,144	$	85,853	$	16,376		$	11,480		$	—		$	133,853
As of December 31, 2017:
Goodwill	$	891	$	86,043	$	2,684		$	10,193		$	—		$	99,811
Intangible assets, net	$	1,770	$	12,392	$	—		$	1,977		$	—		$	16,139
Total assets	$	205,275	$	297,140	$	190,859		$	255,641		$	(81,672	)	$	867,243



Year Ended December 31, 2016	Pressure Pumping			Well Services			Sand			Drilling			Other Energy Services		Eliminations			Total
Revenue from external customers	$	123,856		$	10,024		$	33,835		$	32,043		$	30,867	$	—		$	230,625
Intersegment revenues	569			79			4,267			—			—		(4,915		)	—
Total revenue	124,425			10,103			38,102			32,043			30,867		(4,915		)	230,625
Cost of revenue, exclusive of depreciation, depletion, amortization and accretion	82,552			13,540			31,895			31,848			13,186		—			173,021
Intersegment cost of revenues	4,336			26			561			(8		)	—		(4,915		)	—
Total cost of revenue	86,888			13,566			32,456			31,840			13,186		(4,915		)	173,021
Selling, general and administrative	4,327			2,336			3,337			5,625			2,423		—			18,048
Depreciation, depletion, amortization and accretion	37,013			5,128			6,483			21,512			2,179		—			72,315
Impairment of long-lived assets	139			1,385			—			347			—		—			1,871
Operating loss	(3,942		)	(12,312		)	(4,174		)	(27,281		)	13,079		—			(34,630		)
Interest expense	599			134			434			2,829			100		—			4,096
Other expense (income)	27			(566		)	96			248			37		—			(158		)
(Loss) income before income taxes	$	(4,568	)	$	(11,880	)	$	(4,704	)	$	(30,358	)	$	12,942	$	—		$	(38,568	)
Total expenditures for property, plant and equipment	7,673			405			528			2,709			425		—			11,740
As of December 31, 2016:
Goodwill	$	86,043		$	—		$	2,684		$	—		$	—	$	—		$	88,727
Intangible assets, net	$	21,435		$	132		$	—		$	—		$	—	$	—		$	21,567
Total assets	$	197,635		$	128,698		$	109,128		$	99,868		$	48,653	$	(81,620	)	$	502,362

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):