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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)



NOTE 25.    UNAUDITED QUARTERLY RESULTS OF OPERATIONS
The following table presents our summarized, unaudited quarterly information for the two most recent years covered by these consolidated financial statements (in thousands, except for per share data):
 
Successor
 
Quarter Ended
 
March 31
 
June 30
 
September 30
 
December 31
Year Ended December 31, 2017:
 
 
 
 
 
 
 
Revenues
$
101,452

 
$
107,780

 
$
110,653

 
$
116,280

Direct operating expenses
87,306

 
63,560

 
87,115

 
94,351

Net loss
(46,859
)
 
(13,183
)
 
(38,220
)
 
(22,327
)
Loss per share(1):
 
 
 
 
 
 
 
Basic and diluted
(2.33
)
 
(0.66
)
 
(1.90
)
 
(1.11
)
 
Predecessor
 
 
Successor
 
Quarter Ended
 
Period from October 1, 2016 through December 15
 
 
Period from December 16, 2016 through December 31
 
March 31
 
June 30
 
September 30
 
 
 
Year Ended December 31, 2016:
 
 
 
 
 
 
 
 
 
 
Revenues
$
111,088

 
$
95,012

 
$
102,406

 
$
90,917

 
 
$
17,830

Direct operating expenses
90,598

 
89,419

 
96,071

 
86,737

 
 
16,603

Net income (loss)
(81,614
)
 
(92,802
)
 
(130,752
)
 
173,432

 
 
(10,244
)
Income (loss) per share(1):
 
 
 
 
 
 
 
 
 
 
Basic and Diluted
(0.51
)
 
(0.58
)
 
(0.81
)
 
1.08

 
 
(0.51
)
(1)
Quarterly earnings per common share are based on the weighted average number of shares outstanding during the quarter, and the sum of the quarters may not equal annual earnings per common share.

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