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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
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)



Financial Summary
The following table presents our segment information as of and for the year ended December 31, 2017, the period from December 16, 2016 through December 31, 2016, the period from January 1, 2016 through December 15, 2016 and the year ended December 31, 2015 (in thousands):
Successor company as of and for the year ended December 31, 2017
 
U.S. Rig Service
 
Fluid Management Services
 
Coiled Tubing Services
 
Fishing and Rental Services
 
International
 
Functional
Support(2)
 
Reconciling
Eliminations
 
Total
Revenues from external customers
$
248,830

 
$
80,726

 
$
41,866

 
$
59,172

 
$
5,571

 
$

 
$

 
$
436,165

Depreciation and amortization
31,493

 
21,917

 
5,187

 
23,454

 
791

 
1,700

 

 
84,542

Impairment expense

 

 

 

 
187

 

 

 
187

Other operating expenses
220,957

 
78,341

 
35,048

 
28,212

 
9,586

 
75,472

 

 
447,616

Operating income (loss)
(3,620
)
 
(19,532
)
 
1,631

 
7,506

 
(4,993
)
 
(77,172
)
 

 
(96,180
)
Reorganization items, net

 

 

 

 

 
1,501

 

 
1,501

Interest expense, net of amounts capitalized

 

 

 

 

 
31,797

 

 
31,797

Income (loss) before taxes
(3,449
)
 
(19,537
)
 
1,643

 
7,748

 
(298
)
 
(108,398
)
 

 
(122,291
)
Long-lived assets(1)
160,170

 
74,591

 
19,064

 
63,340

 
7

 
122,965

 
(97,819
)
 
342,318

Total assets
287,856

 
(985
)
 
41,523

 
360,581

 
9,473

 
513,393

 
(682,720
)
 
529,121

Capital expenditures
8,375

 
3,288

 
886

 
741

 
475

 
2,314

 

 
16,079


Successor company as of December 31, 2016 and for the period from December 16, 2016 through December 31, 2016
 
U.S. Rig Service
 
Fluid Management Services
 
Coiled Tubing Services
 
Fishing and Rental Services
 
International
 
Functional
Support(2)
 
Reconciling
Eliminations
 
Total
Revenues from external customers
$
8,549

 
$
3,208

 
$
1,392

 
$
3,389

 
$
1,292

 
$

 
$

 
$
17,830

Depreciation and amortization
1,129

 
987

 
202

 
1,158

 
16

 
82

 

 
3,574

Other operating expenses
9,352

 
3,359

 
1,446

 
2,496

 
1,209

 
5,242

 

 
23,104

Operating income (loss)
(1,932
)
 
(1,138
)
 
(256
)
 
(265
)
 
67

 
(5,324
)
 

 
(8,848
)
Interest expense, net of amounts capitalized

 

 

 

 

 
1,364

 

 
1,364

Income (loss) before taxes
(1,932
)
 
(1,138
)
 
(256
)
 
(265
)
 
49

 
(6,702
)
 

 
(10,244
)
Long-lived assets(1)
172,871

 
94,887

 
24,741

 
95,544

 
1,236

 
142,580

 
(108,448
)
 
423,411

Total assets
1,348,587

 
226,503

 
106,609

 
462,163

 
62,971

 
(1,276,652
)
 
(272,200
)
 
657,981

Capital expenditures
331

 
29

 

 
10

 

 
5

 

 
375


88