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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 STOCKHOLDERS’ EQUITY
(in thousands, except per share data)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
COMMON STOCKHOLDERS
 
Total
Common Stock
 
Additional
Paid-in
Capital
 
Accumulated
Other
Comprehensive
Loss
 
Retained
Earnings
(Deficit)
 
Number of
Shares
 
Amount
at par
 
BALANCE AT DECEMBER 31, 2014 (Predecessor)
153,557

 
$
15,356

 
$
960,647

 
$
(37,280
)
 
$
119,340

 
$
1,058,063

Foreign currency translation

 

 

 
(6,460
)
 

 
(6,460
)
Common stock purchases
(240
)
 
(24
)
 
(338
)
 

 

 
(362
)
Share-based compensation
4,226

 
422

 
9,751

 

 

 
10,173

Tax expense from share-based compensation

 

 
(3,423
)
 

 

 
(3,423
)
Net loss

 

 

 

 
(917,701
)
 
(917,701
)
BALANCE AT DECEMBER 31, 2015 (Predecessor)
157,543

 
15,754

 
966,637

 
(43,740
)
 
(798,361
)
 
140,290

Foreign currency translation

 

 

 
3,346

 

 
3,346

Common stock purchases
(569
)
 
(57
)
 
(110
)
 

 

 
(167
)
Share-based compensation
3,579

 
358

 
5,382

 

 

 
5,740

Distributions to holders of Predecessor common stock

 

 
(17,463
)
 

 

 
(17,463
)
Other

 

 
(10
)
 

 

 
(10
)
Net loss

 

 

 

 
(131,736
)
 
(131,736
)
BALANCE AT DECEMBER 15, 2016 (Predecessor)
160,553

 
16,055

 
954,436

 
(40,394
)
 
(930,097
)
 

Cancellation of Predecessor equity
(160,553
)
 
(16,055
)
 
(954,436
)
 
40,394

 
930,097

 

BALANCE AT DECEMBER 15, 2016 (Predecessor)

 
$

 
$

 
$

 
$

 
$

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Shares issued in rights offering
11,769

 
$
118

 
$
108,866

 
$

 
$

 
$
108,984

Shares withheld to satisfy tax withholding obligations
(8
)
 

 
(210
)
 

 

 
(210
)
Issuance of shares pursuant to the Plan
8,316

 
83

 
139,505

 

 

 
139,588

Issuance of warrants pursuant to the Plan

 

 
3,768

 

 

 
3,768

BALANCE AT DECEMBER 16, 2016 (Successor)
20,077

 
201

 
251,929

 

 

 
252,130

Foreign currency translation

 

 

 
239

 

 
239

Share-based compensation
19

 

 
492

 

 

 
492

Net loss

 

 

 

 
(10,244
)
 
(10,244
)
BALANCE AT DECEMBER 31, 2016 (Successor)
20,096

 
201

 
252,421

 
239

 
(10,244
)
 
242,617

Foreign currency translation

 

 

 
(239
)
 

 
(239
)
Common stock purchases
(56
)
 
(1
)
 
(696
)
 

 

 
(697
)
Share-based compensation
177

 
2

 
7,589

 

 

 
7,591

Net loss

 

 

 

 
(120,589
)
 
(120,589
)
BALANCE AT DECEMBER 31, 2017 (Successor)
20,217

 
$
202

 
$
259,314

 
$

 
$
(130,833
)
 
$
128,683

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

52