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SEC Filings

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


 
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February 26, 2017

 
 
 


 
Successor
 
 
Predecessor
 
Year Ended December 31, 2017 (Unaudited)
 
Period from December 16, 2016 through December 31, 2016
 
 
Period from January 1, 2016 through December 15, 2016
REVENUES
$
436,165

 
$
17,830

 
 
$
399,423

COSTS AND EXPENSES:
 
 
 
 
 
 
Direct operating expenses
332,332

 
16,603

 
 
362,825

Depreciation and amortization expense
84,542

 
3,574

 
 
131,296

General and administrative expenses
115,284

 
6,501

 
 
163,257

Impairment expense
187

 

 
 
44,646

Operating income (loss)
(96,180
)
 
(8,848
)
 
 
(302,601
)
Interest expense, net of amounts capitalized
31,797

 
1,364

 
 
74,320

Other (income) loss, net
(7,187
)
 
32

 
 
(2,443
)
Reorganization items, net
1,501

 

 
 
(245,571
)
Loss before tax income taxes
(122,291
)
 
(10,244
)
 
 
(128,907
)
Income tax (expense) benefit
1,702

 

 
 
(2,829
)
NET LOSS
$
(120,589
)
 
$
(10,244
)
 
 
$
(131,736
)
Loss per share:
 
 
 
 
 
 
Basic and diluted
$
(6.00
)
 
$
(0.51
)
 
 
$
(0.82
)
Weighted average shares outstanding:
 
 
 
 
 
 
Basic and diluted
20,105

 
20,090

 
 
160,587



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