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SEC Filings

10-Q
KEY ENERGY SERVICES INC filed this Form 10-Q on 08/10/2017
Entire Document
 

Predecessor company as of and for the three months ended June 30, 2016
 
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
$
51,502

 
$
19,591

 
$
7,617

 
$
13,412

 
$
2,890

 
$

 
$

 
$
95,012

Intersegment revenues
199

 
221

 
3

 
1,267

 
110

 

 
(1,800
)
 

Depreciation and amortization
14,771

 
5,978

 
2,905

 
7,580

 
2,111

 
2,511

 

 
35,856

Impairment expense

 

 

 

 

 

 

 

Other operating expenses
50,405

 
21,168

 
10,769

 
14,608

 
5,680

 
27,692

 

 
130,322

Operating loss
(13,674
)
 
(7,555
)
 
(6,057
)
 
(8,776
)
 
(4,901
)
 
(30,203
)
 

 
(71,166
)
Interest expense, net of amounts capitalized

 

 

 

 

 
21,357

 

 
21,357

Loss before income taxes
(13,663
)
 
(7,519
)
 
(6,007
)
 
(8,767
)
 
(5,778
)
 
(51,201
)
 

 
(92,935
)
Long-lived assets(1)
468,321

 
118,898

 
49,598

 
113,276

 
48,588

 
185,907

 
(143,613
)
 
840,975

Total assets
1,310,869

 
255,124

 
121,677

 
474,396

 
164,783

 
(787,211
)
 
(409,861
)
 
1,129,777

Capital expenditures
364

 
1,200

 

 
432

 
347

 
23

 

 
2,366


Successor company as of and for the six 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
$
122,093

 
$
36,762

 
$
14,506

 
$
31,631

 
$
4,240

 
$

 
$

 
$
209,232

Intersegment revenues
100

 
638

 
22

 
1,626

 

 

 
(2,386
)
 

Depreciation and amortization
15,219

 
11,277

 
2,697

 
11,800

 
557

 
661

 

 
42,211

Impairment expense

 

 

 

 
187

 

 

 
187

Other operating expenses
109,138

 
35,649

 
13,769

 
6,214

 
7,148

 
40,278

 

 
212,196

Operating income (loss)
(2,264
)
 
(10,164
)
 
(1,960
)
 
13,617

 
(3,652
)
 
(40,939
)
 

 
(45,362
)
Reorganization items, net

 

 

 

 

 
1,441

 

 
1,441

Interest expense, net of amounts capitalized

 

 

 

 

 
15,582

 

 
15,582

Income (loss) before income taxes
(2,110
)
 
(10,236
)
 
(1,948
)
 
13,840

 
(3,286
)
 
(57,444
)
 

 
(61,184
)
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
4,668

 
1,093

 
179

 
530

 
356

 
410

 

 
7,236


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