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SEC Filings

8-K
KEY ENERGY SERVICES INC filed this Form 8-K on 02/27/2018
Entire Document
 


 
http://api.tenkwizard.com/cgi/image?quest=1&rid=23&ipage=12085547&doc=3
 
February 26, 2017

 
 
 


Consolidated Statements of Operations (in thousands, except per share amounts, unaudited):
 
Successor
 
 
Predecessor
 
Three Months Ended
 
Period from December 16, 2016 through December 31, 2016
 
 
Period from October 1, 2016 through December 15, 2016
 
December 31, 2017 (Unaudited)
 
September 30, 2017 (Unaudited)
 
 
 
REVENUES
$
116,280

 
$
110,653

 
$
17,830

 
 
$
90,917

COSTS AND EXPENSES:
 
 
 
 
 
 
 
 
Direct operating expenses
94,351

 
87,115

 
16,603

 
 
86,737

Depreciation and amortization expense
21,217

 
21,114

 
3,574

 
 
26,221

General and administrative expenses
16,786

 
37,168

 
6,501

 
 
33,653

Impairment expense

 

 

 
 
4,646

Operating loss
(16,074
)
 
(34,744
)
 
(8,848
)
 
 
(60,340
)
Interest expense, net of amounts capitalized
8,125

 
8,090

 
1,364

 
 
10,259

Other (income) loss, net
(1,408
)
 
(4,578
)
 
32

 
 
(1,778
)
Reorganization items, net

 
60

 

 
 
(245,571
)
Income (loss) before tax income taxes
(22,791
)
 
(38,316
)
 
(10,244
)
 
 
176,750

Income tax (expense) benefit
464

 
96

 

 
 
(3,318
)
NET INCOME (LOSS)
$
(22,327
)
 
$
(38,220
)
 
$
(10,244
)
 
 
$
173,432

Income (loss) per share:
 
 
 
 
 
 
 
 
Basic and diluted
$
(1.11
)
 
$
(1.90
)
 
$
(0.51
)
 
 
$
1.08

Weighted average shares outstanding:
 
 
 
 
 
 
 
 
Basic and diluted
20,116

 
20,106

 
20,090

 
 
160,449


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