Overview Financials News + Filings Key Docs Ownership Insiders
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| In millions, except per share items | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 |
| | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Revenues: |
| Completion Services | 1,453.6 | 1,107.0 | 515.9 | | | 1,058.0 | |
| Well Support Services | 392.8 | 382.2 | 363.8 | | | | |
| Well Construction & Intervention | 375.7 | 149.5 | 83.8 | | | | |
| Other Services | | | 7.6 | | | | |
| Other | | | | | | 12.3 | |
| Total revenues | 2,222.1 | 1,638.7 | 971.1 | 1,748.9 | 1,607.9 | 1,070.3 | 2,456.1 |
| Revenue growth [+] | 35.6% | 68.7% | -44.5% | 8.8% | 50.2% | -56.4% | |
| Completion Services | 31.3% | 114.6% | | | | | |
| Well Support Services | 2.8% | 5.1% | | | | | |
| Well Construction & Intervention | 151.3% | 78.3% | | | | | |
| Cost of goods sold | 1,724.7 | 1,288.1 | 947.3 | 1,523.2 | 1,179.2 | 751.5 | 1,767.8 |
| Gross profit | 497.4 | 350.6 | 23.9 | 225.7 | 428.7 | 318.9 | 688.3 |
| Gross margin | 22.4% | 21.4% | 2.5% | 12.9% | 26.7% | 29.8% | 28.0% |
| Selling, general and administrative [+] | 225.5 | 250.9 | 61.0 | | 183.4 | 124.4 | 169.5 |
| General and administrative | | | | 0.0 | | | 169.5 |
| Research and development | 6.3 | 6.4 | | | 14.3 | 5.0 | |
| Equity in earnings | | | | | | | -0.5 |
| Other operating expenses | | | 771.6 | 1,470.6 | -0.9 | | 236.5 |
| Adjusted EBITDA | 284.4 | 116.8 | -94.8 | 46.8 | 250.2 | 190.6 | |
| Adjusted EBITDA margin | 12.8% | 7.1% | -9.8% | 2.7% | 15.6% | 17.8% | |
| Stock-based compensation | 18.8 | 23.4 | | | 18.4 | 22.6 | |
| EBITDA [+] | 265.6 | 93.4 | -591.3 | -968.6 | 231.9 | 189.4 | 1,337.5 |
| EBITDA growth | 184.3% | -115.8% | -39.0% | -517.7% | 22.4% | -85.8% | |
| EBITDA margin | 12.0% | 5.7% | -60.9% | -55.4% | 14.4% | 17.7% | 54.5% |
| Depreciation | 216.1 | 136.5 | 217.4 | 261.9 | 97.2 | 64.6 | 1,055.8 |
| EBITA | 49.5 | -43.0 | -808.7 | -1,230.4 | 134.6 | 124.8 | 281.8 |
| EBITA margin | 2.2% | -2.6% | -83.3% | -70.4% | 8.4% | 11.7% | 11.5% |
| Amortization of intangibles | 8.8 | 4.2 | | 14.5 | 10.9 | 10.1 | |
| EBIT [+] | 40.7 | -47.2 | -808.7 | -1,244.9 | 123.7 | 114.7 | 281.8 |
| EBIT growth | -186.2% | -94.2% | -35.0% | -1106.2% | 7.8% | -59.3% | |
| EBIT margin | 1.8% | -2.9% | -83.3% | -71.2% | 7.7% | 10.7% | 11.5% |
| Non-recurring items [+] | 171.7 | -31.5 | 61.0 | | 0.0 | 0.5 | 130.5 |
| Asset impairment | 146.0 | | | | | | 130.5 |
| Loss (gain) on sale of assets | 25.7 | -31.5 | | | 0.0 | 0.5 | |
| Interest expense | 3.9 | 1.5 | 0.1 | | 9.8 | 6.6 | 0.2 |
| Interest expense | 3.9 | 1.5 | 0.1 | | 9.8 | 6.6 | 0.2 |
| Other income (expense), net [+] | 2.5 | 0.0 | -148.1 | 73.3 | 0.6 | 0.1 | |
| Reorganization items | | | 55.3 | | | | |
| Other | 2.5 | 0.0 | | | 0.6 | 0.1 | |
| Pre-tax income | -132.4 | -17.3 | -1,018.0 | -1,171.6 | 114.5 | 107.7 | 151.1 |
| Income taxes | -2.4 | -39.8 | -129.0 | -299.1 | 45.7 | 41.3 | 55.4 |
| Tax rate | 1.8% | 229.8% | 12.7% | 25.5% | 39.9% | 38.4% | 36.7% |
| Minority interest | | | | | | | 0.0 |
| Earnings from continuing ops | -130.0 | 22.5 | -944.3 | -872.5 | 68.8 | 66.4 | 92.6 |
| Earnings from discontinued ops | | | | | | | 76.9 |
| Net income | -130.0 | 22.5 | -944.3 | -872.5 | 68.8 | 66.4 | 169.5 |
| Net margin | -5.9% | 1.4% | -97.2% | -49.9% | 4.3% | 6.2% | 6.9% |
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| Basic EPS [+] | ($1.94) | $0.37 | ($7.98) | ($8.48) | $1.28 | $1.25 | $77,207.50 |
| Growth | -629.7% | -104.6% | -5.9% | -763.6% | 2.1% | -100.0% | |
| Diluted EPS [+] | ($1.94) | $0.37 | ($7.98) | ($8.48) | $1.22 | $1.20 | $77,207.50 |
| Growth | -631.9% | -104.6% | -5.9% | -796.6% | 1.5% | -100.0% | |
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| Shares outstanding (basic) [+] | 66.9 | 61.2 | 118.3 | 102.9 | 53.8 | 53.0 | 0.0 |
| Growth | 9.3% | -48.3% | 15.0% | 91.0% | 1.5% | 4419733.3% | |
| Shares outstanding (diluted) [+] | 66.9 | 61.5 | 118.3 | 102.9 | 56.5 | 55.4 | 0.0 |
| Growth | 8.8% | -48.0% | 15.0% | 82.0% | 2.1% | 4613816.7% | |
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| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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