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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)



Predecessor company as of December 15, 2016 and for the period from January 1, 2016 through December 15, 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
$
222,877

 
$
76,008

 
$
30,569

 
$
55,790

 
$
14,179

 
$

 
$

 
$
399,423

Intersegment revenues
922

 
934

 
73

 
4,958

 
284

 

 
(7,171
)
 

Depreciation and amortization
56,241

 
22,583

 
10,730

 
26,547

 
6,497

 
8,698

 

 
131,296

Impairment expense

 

 

 

 
44,646

 

 

 
44,646

Other operating expenses
206,094

 
91,361

 
39,161

 
55,651

 
22,262

 
111,553

 

 
526,082

Operating loss
(39,458
)
 
(37,936
)
 
(19,322
)
 
(26,408
)
 
(59,226
)
 
(120,251
)
 

 
(302,601
)
Reorganization items, net
262,455

 
9,374

 
(52,094
)
 
76,918

 
377

 
(542,601
)
 

 
(245,571
)
Interest expense, net of amounts capitalized

 

 

 

 

 
74,320

 

 
74,320

Income (loss) before taxes
(301,647
)
 
(48,014
)
 
32,891

 
(103,474
)
 
(59,773
)
 
351,110

 

 
(128,907
)
Long-lived assets(1)
173,762

 
95,848

 
24,944

 
96,692

 
1,252

 
142,704

 
(108,449
)
 
426,753

Total assets
1,350,566

 
227,749

 
106,760

 
462,759

 
62,520

 
(1,274,533
)
 
(272,199
)
 
663,622

Capital expenditures
1,477

 
2,950

 
110

 
3,005

 
711

 
228

 

 
8,481


Predecessor company as of and for the year ended December 31, 2015
 
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
$
377,131

 
$
153,153

 
$
89,823

 
$
121,883

 
$
50,336

 
$

 
$

 
$
792,326

Intersegment revenues
813

 
1,393

 
4

 
5,988

 
4,256

 
1,264

 
(13,718
)
 

Depreciation and amortization
59,515

 
28,138

 
21,593

 
34,662

 
23,872

 
12,491

 

 
180,271

Impairment expense
297,719

 
24,479

 
133,795

 
180,974

 
85,129

 

 

 
722,096

Other operating expenses
327,836

 
144,020

 
89,603

 
103,659

 
123,871

 
128,279

 

 
917,268

Operating loss
(307,939
)
 
(43,484
)
 
(155,168
)
 
(197,412
)
 
(182,536
)
 
(140,770
)
 

 
(1,027,309
)
Interest expense, net of amounts capitalized

 

 

 

 
57

 
73,790

 

 
73,847

Loss before taxes
(307,899
)
 
(43,402
)
 
(155,154
)
 
(197,325
)
 
(185,306
)
 
(221,464
)
 

 
(1,110,550
)
Long-lived assets(1)
492,906

 
133,553

 
54,156

 
129,204

 
48,538

 
186,211

 
(137,196
)
 
907,372

Total assets
1,325,591

 
267,466

 
138,177

 
468,214

 
185,342

 
(643,226
)
 
(413,766
)
 
1,327,798

Capital expenditures
14,356

 
6,509

 
4,621

 
8,581

 
2,881

 
3,860

 

 
40,808

(1)
Long-lived assets include: fixed assets, goodwill, intangibles and other assets.
(2)
Functional Support is geographically located in the United States.

89