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

Reporting Segments and Geographic Areas (Tables)

12 Months Ended

Dec. 31, 2022

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


Year Ended December 31, 2022	Well Completion		Infrastructure		Sand		Drilling		All Other		Eliminations		Total
Revenue from external customers	$	169,872	$	111,452	$	48,916	$	10,346	$	21,500	$	—	$	362,086
Intersegment revenues	791		—		2,475		22		1,614		(4,902)		—
Total revenue	170,663		111,452		51,391		10,368		23,114		(4,902)		362,086
Cost of revenue, exclusive of depreciation, depletion, amortization and accretion	124,848		91,577		36,783		9,259		16,120		—		278,587
Intersegment cost of revenues	3,894		72		—		538		398		(4,902)		—
Total cost of revenue	128,742		91,649		36,783		9,797		16,518		(4,902)		278,587
Selling, general and administrative	8,642		19,147		7,171		1,241		3,353		—		39,554
Depreciation, depletion, amortization and accretion	22,103		16,171		8,732		6,467		10,798		—		64,271
Gains on disposal of assets, net	(615)		(795)		(89)		(172)		(2,237)		—		(3,908)


Operating (loss) income	11,791		(14,720)		(1,206)		(6,965)		(5,318)		—		(16,418)
Interest expense	1,940		7,390		753		545		878		—		11,506
Other income, net	(343)		(40,470)		(14)		—		(85)		—		(40,912)
Income (loss) before income taxes	$	10,194	$	18,360	$	(1,945)	$	(7,510)	$	(6,111)	$	—	$	12,988
Total expenditures for property, plant and equipment	$	11,421	$	885	$	88	$	101	$	395	$	(153)	$	12,737
As of December 31, 2022:
Intangible assets, net	$	1,307	$	135	$	—	$	—	$	340	$	—	$	1,782
Total assets	$	82,897	$	450,841	$	129,467	$	21,755	$	120,164	$	(80,446)	$	724,678


Year Ended December 31, 2021	Well Completion		Infrastructure		Sand		Drilling		All Other		Eliminations		Total
Revenue from external customers	$	84,190	$	93,403	$	30,880	$	4,197	$	16,292	$	—	$	228,962
Intersegment revenue	144		—		3,980		124		2,218		(6,466)		—
Total revenue	84,334		93,403		34,860		4,321		18,510		(6,466)		228,962
Cost of revenue, exclusive of depreciation, depletion, amortization and accretion	58,782		90,363		27,232		6,102		15,847		—		198,326
Intersegment cost of revenues	5,770		196		—		—		500		(6,466)		—
Total cost of revenue	64,552		90,559		27,232		6,102		16,347		(6,466)		198,326
Selling, general and administrative	49,275		18,267		5,351		1,414		3,939		—		78,246
Depreciation, depletion, amortization and accretion	26,377		21,880		9,005		7,996		13,217		—		78,475
Gains on disposal of assets, net	(770)		(286)		(30)		(202)		(3,859)		—		(5,147)
Impairment of goodwill	—		891		—		—		—		—		891
Impairment of other long-lived assets	—		665		—		—		547		—		1,212
Operating loss	(55,100)		(38,573)		(6,698)		(10,989)		(11,681)		—		(123,041)
Interest expense	1,107		3,925		474		293		607		—		6,406
Other (income) expense, net	1,843		(6,499)		(844)		25		321		—		(5,154)
Loss before income taxes	$	(58,050)	$	(35,999)	$	(6,328)	$	(11,307)	$	(12,609)	$	—	$	(124,293)
Total expenditures for property, plant and equipment	$	4,327	$	627	$	484	$	44	$	361	$	—	$	5,843
As of December 31, 2021:
Intangible assets, net	$	1,995	$	165	$	—	$	—	$	401	$	—	$	2,561
Total assets	$	56,036	$	427,626	$	156,519	$	27,457	$	129,202	$	(75,948)	$	720,892


Year Ended December 31, 2020	Well Completion		Infrastructure		Sand		Drilling		All Other		Eliminations		Total
Revenue from external customers	$	87,201	$	157,751	$	34,265	$	7,746	$	26,113	$	—	$	313,076
Intersegment revenues	1,124		—		95		39		2,716		(3,974)		—
Total revenue	88,325		157,751		34,360		7,785		28,829		(3,974)		313,076
Cost of revenue, exclusive of depreciation, depletion, amortization and accretion	45,647		124,232		25,955		10,757		25,430		—		232,021
Intersegment cost of revenues	1,836		323		—		152		1,663		(3,974)		—
Total cost of revenue	47,483		124,555		25,955		10,909		27,093		(3,974)		232,021
Selling, general and administrative	23,039		27,261		7,807		3,149		5,929		—		67,185
Depreciation, depletion, amortization and accretion	30,411		29,373		9,771		10,039		15,723		—		95,317
(Gains) losses on disposal of assets, net	(388)		(444)		1,829		(352)		(1,283)		—		(638)
Impairment of goodwill	53,406		—		—		—		1,567		—		54,973
Impairment of other long-lived assets	4,203		—		—		326		8,368		—		12,897
Operating loss	(69,829)		(22,994)		(11,002)		(16,286)		(28,568)		—		(148,679)
Interest expense	1,130		2,794		312		454		707		—		5,397
Other expense, net	(1,886)		(31,993)		10		125		(556)		—		(34,300)
Income (loss) before income taxes	$	(69,073)	$	6,205	$	(11,324)	$	(16,865)	$	(28,719)	$	—	$	(119,776)
Total expenditures for property, plant and equipment	$	4,358	$	258	$	1,073	$	432	$	716	$	—	6,837
As of December 31, 2020:
Intangible assets, net	$	2,683	$	1,063	$	—	$	—	$	1,028	$	—	$	4,774
Total assets	$	99,247	$	437,296	$	172,927	$	36,252	$	136,422	$	(57,582)	$	824,562

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):