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SEC Filings

10-Q
KEY ENERGY SERVICES INC filed this Form 10-Q on 08/10/2017
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and we are currently in discussions to sell our business in Russia. We provided rig-based services such as the maintenance, workover, recompletion of existing oil wells, completion of newly-drilled wells and plugging and abandonment of wells at the end of their useful lives in each of our international markets. In addition, in Mexico we provided drilling, coiled tubing, wireline and project management and consulting services. Our Canadian business was focused on the development of hardware and software related to oilfield service equipment controls, data acquisition and digital information flow.
Functional Support
Our Functional Support segment includes unallocated overhead costs associated with administrative support for our U.S. and International reporting segments.
Financial Summary
The following tables set forth our unaudited segment information as of and for the three and six months ended June 30, 2017 and 2016 (in thousands):
Successor company as of and for the three months ended June 30, 2017
 
U.S. Rig Services
 
Fluid Management Services
 
Coiled Tubing Services
 
Fishing and Rental Services
 
International
 
Functional
Support(2)
 
Reconciling
Eliminations
 
Total
Revenues from external customers
$
61,802

 
$
18,867

 
$
9,165

 
$
15,776

 
$
2,170

 
$

 
$

 
$
107,780

Intersegment revenues
54

 
354

 

 
706

 

 

 
(1,114
)
 

Depreciation and amortization
7,895

 
5,469

 
1,284

 
5,850

 
32

 
380

 

 
20,910

Other operating expenses
54,084

 
16,625

 
7,556

 
(7,568
)
 
3,490

 
19,707

 

 
93,894

Operating income (loss)
(177
)
 
(3,227
)
 
325

 
17,494

 
(1,352
)
 
(20,087
)
 

 
(7,024
)
Reorganization items, net

 

 

 

 

 
101

 

 
101

Interest expense, net of amounts capitalized

 

 

 

 

 
7,872

 

 
7,872

Income (loss) before income taxes
(19
)
 
(3,071
)
 
330

 
17,514

 
(1,044
)
 
(27,746
)
 

 
(14,036
)
Long-lived assets(1)
173,679

 
82,994

 
21,422

 
74,285

 
544

 
124,711

 
(99,765
)
 
377,870

Total assets
297,716

 
7,617

 
35,750

 
367,224

 
129,176

 
(46,368
)
 
(202,762
)
 
588,353

Capital expenditures
2,642

 
975

 
179

 
503

 
240

 
257

 

 
4,796



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