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S-4/A
KEY ENERGY SERVICES INC filed this Form S-4/A on 03/08/1996
Entire Document
 
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                                           Key Summary Consolidated Historical Information
                                         (In thousands, except per share amounts and ratios)


                                          Six Months        Year        Year   Seven Months  Five Months  Year     Year
                                            Ended           Ended        Ended     Ended        Ended     Ended     Ended
                                         December 31,      June 30,     June 30,  June 30,     Nov. 30,  June 30,  June 30, 
                                        1995     1994        1995        1994       1993       1992(3)    1992(3)   1991(3)
                                         (unaudited)

<S>                                 <C>        <C>        <C>       <C>         <C>       <C>         <C>         <C>

Statement of Operations Data:
Revenues:                            $ 24,792   $ 21,962   $ 44,689   $ 34,621   $ 14,256   $ 10,433   $ 21,535    $ 24,223
Costs and expenses:                    22,568     20,475     41,361     32,326     13,132     10,033     21,452      22,507
Income from continuing
  operations before reorganization
  items, income taxes and
  extraordinary item                    2,224      1,487      3,328      2,295      1,124        400         83       1,716
Reorganization items                     --         --         --         --         --        1,718       --          --
Income from continuing operations
  before income taxes and
  extraordinary item                    2,224      1,487      3,328      2,295      1,124      2,118         83       1,716
Income tax expense (benefit)              730        476      1,150        950        413       --         (474)        705
Income before extraordinary item        1,494      1,011      2,178      1,345        711      2,118        557       1,011
Extraordinary gain on discharge of
  pre-petition liabilities               --         --         --         --         --        2,868       --          --
Net income (loss)                       1,494      1,011      2,178      1,345        711      4,986       (596)     (5,571)
Net Income (loss) per share from
  continuing operations before
  reorganization items income
  taxes and extraordinary item       $   0.32       0.23   $   0.50   $   0.44   $   0.21   $   0.02   $   0.02    $   0.05
Net income (loss) per share:
  Primary                            $   0.22   $   0.16   $   0.33   $   0.26   $   0.14   $   0.28   $  (0.04)   $  (0.44)
  Assuming full dilution             $   0.22   $   0.16   $   0.33   $   0.25   $   0.14   $   0.03   $  (0.02)   $  (0.14)

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                                  As of  December 31   As of June 30,
                                    1995     1994          1995

                                     (unaudited)
Balance Sheet Data:

Total assets:                       $47,511  $39,379     $45,243
Long-term debt, including current
  portion                            16,827   14,291      15,949
Stockholders' equity                 21,605   18,861      20,111
   

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                                          Six Months        Year        Year   Seven Months  Five Months  Year       Year
                                            Ended           Ended        Ended     Ended        Ended     Ended      Ended
                                         December 31,      June 30,     June 30,  June 30,     Nov. 30,  June 30,   June 30,  
                                       1995     1994         1995        1994       1993         1992      1992       1991
                                     
Financial Ratios and Other Data:     (unaudited)
<S>                               <C>       <C>         <C>         <C>         <C>         <C>         <C>         <C>

EBITDA(1)                          $ 4,895   $ 3,359     $ 7,544     $ 4,496     $ 1,806     $ 1,369     $ 2,539     $ 3,977
EBITDA as a % of revenues(1)          19.7%     15.3%       16.9%       13.0%       12.7%       13.1%       11.8%       16.4%
Total debt as a % of EBITDA(1)         n/a       n/a       211.4%      255.8%        n/a         n/a       504.8%      304.9%
EBITDA to fixed charges(11)(2)          4.2       3.6         3.6         3.3         4.0         2.3         1.6         2.6
Net cash (used) provided by:
  Operating activities               3,046       121       3,258       1,842        (123)        441       1,109         756
  Investing activities              (4,244)   (3,117)     (7,154)     (5,608)     (1,284)       (537)     (1,689)     (2,319)
  Financing activities                 878     2,790       3,998       4,316         (73)      1,991         501       1,678
Capital expenditures                 4,244     3,177       5,805       5,648       1,033         537       1,302       1,987
Book value per share               $  3.12   $  2.73     $  2.91     $  1.76     $  1.42         n/a     $ (0.26)    $ (0.27)

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