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SEC Filings

10-K
KEY ENERGY SERVICES INC filed this Form 10-K on 02/28/2018
Entire Document
 

Key Energy Services, Inc. and Subsidiaries
CONSOLIDATED STATEMENTS OF OPERATIONS
 (in thousands, except per share amounts)
 
Successor
 
 
Predecessor
 
Year Ended December 31, 2017
 
Period from December 16, 2016 through December 31, 2016
 
 
Period from January 1, 2016 through December 15, 2016
 
Year Ended December 31, 2015
REVENUES
$
436,165

 
$
17,830

 
 
$
399,423

 
$
792,326

COSTS AND EXPENSES:
 
 
 
 
 
 
 
 
Direct operating expenses
332,332

 
16,603

 
 
362,825

 
714,637

Depreciation and amortization expense
84,542

 
3,574

 
 
131,296

 
180,271

General and administrative expenses
115,284

 
6,501

 
 
163,257

 
202,631

Impairment expense
187

 

 
 
44,646

 
722,096

Operating loss
(96,180
)
 
(8,848
)
 
 
(302,601
)
 
(1,027,309
)
Reorganization items, net
1,501

 

 
 
(245,571
)
 

Interest expense, net of amounts capitalized
31,797

 
1,364

 
 
74,320

 
73,847

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

 
 
(2,443
)
 
9,394

Loss before income taxes
(122,291
)
 
(10,244
)
 
 
(128,907
)
 
(1,110,550
)
Income tax (expense) benefit
1,702

 

 
 
(2,829
)
 
192,849

NET LOSS
$
(120,589
)
 
$
(10,244
)
 
 
$
(131,736
)
 
$
(917,701
)
Loss per share:
 
 
 
 
 
 
 
 
Basic and diluted
$
(6.00
)
 
$
(0.51
)
 
 
$
(0.82
)
 
$
(5.86
)
Weighted Average Shares Outstanding:
 
 
 
 
 
 
 
 
Basic and diluted
20,105

 
20,090

 
 
160,587

 
156,598

See the accompanying notes which are an integral part of these consolidated financial statements

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