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SEC Filings

8-K
KEY ENERGY SERVICES INC filed this Form 8-K on 11/09/2017
Entire Document
 


 
http://api.tenkwizard.com/cgi/image?quest=1&rid=23&ipage=11881317&doc=3
 
November 8, 2017

 
 
 


Consolidated Statements of Operations (in thousands, except per share amounts, unaudited):
 
 
Successor
 
 
Predecessor
 
Successor
 
 
Predecessor
 
 
Three Months Ended September 30, 2017
 
Three Months Ended June 30, 2017
 
 
Three Months Ended September 30, 2016
 
Nine Months Ended September 30, 2017
 
 
Nine Months Ended September 30, 2016
REVENUES
 
$
110,653

 
$
107,780

 
 
$
102,406

 
$
319,885

 
 
$
308,506

COSTS AND EXPENSES:
 
 
 
 
 
 
 
 
 
 
 
 
Direct operating expenses
 
87,115

 
63,560

 
 
96,071

 
237,981

 
 
276,088

Depreciation and amortization expense
 
21,114

 
20,910

 
 
33,467

 
63,325

 
 
105,075

General and administrative expenses
 
37,168

 
30,334

 
 
42,456

 
98,498

 
 
129,604

Impairment expense
 

 

 
 
40,000

 
187

 
 
40,000

Operating loss
 
(34,744
)
 
(7,024
)
 
 
(109,588
)
 
(80,106
)
 
 
(242,261
)
Interest expense, net of amounts capitalized
 
8,090

 
7,872

 
 
21,120

 
23,672

 
 
64,061

Other (income) loss, net
 
(4,578
)
 
(961
)
 
 
154

 
(5,779
)
 
 
(665
)
Reorganization items, net
 
60

 
101

 
 

 
1,501

 
 

Loss before tax income taxes
 
(38,316
)
 
(14,036
)
 
 
(130,862
)
 
(99,500
)
 
 
(305,657
)
Income tax benefit
 
96

 
853

 
 
110

 
1,238

 
 
489

NET LOSS
 
$
(38,220
)
 
$
(13,183
)
 
 
$
(130,752
)
 
$
(98,262
)
 
 
$
(305,168
)
Loss per share:
 
 
 
 
 
 
 
 
 
 
 
 
Basic and diluted
 
$
(1.90
)
 
$
(0.66
)
 
 
$
(0.81
)
 
$
(4.89
)
 
 
$
(1.90
)
Weighted average shares outstanding:
 
 
 
 
 
 
 
 
 
 
 
 
Basic and diluted
 
20,106

 
20,099

 
 
160,846

 
20,101

 
 
160,626





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