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Income Statement
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Cash Flow Statement

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Op Efficiency
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U.S. WELL SERVICES HOLDINGS, LLC (MPAC)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16
   8-K10-K/A10-K/A10-K10-K10-K
Revenues  250.5244.0514.8648.80.0294.8
            Revenue growth  2.6%-52.6%-20.7% -100.0% 
Cost of goods sold  221.4187.8384.0533.00.0262.3
Gross profit  29.156.2130.8115.80.032.4
            Gross margin  11.6%23.0%25.4%17.8% 11.0%
Selling, general and administrative   [+]32.643.631.934.50.99.8
Other operating expenses   -7.1-20.1   
EBITDA   [+]-3.519.7119.081.3 22.6
            EBITDA margin  -1.4%8.1%23.1%12.5% 7.7%
Depreciation  35.479.3148.1100.0 66.1
EBITA  -38.9-59.6-29.1-18.7-0.9-43.5
            EBITA margin  -15.5%-24.4%-5.6%-2.9% -14.8%
Amortization of intangibles   1.16.18.4  
EBIT   [+]-38.9-60.7-35.1-27.1-0.9-43.5
            EBIT margin  -15.5%-24.9%-6.8%-4.2% -14.8%
Non-recurring items   [+]13.1161.840.110.8 6.6
Interest expense, net   [+]33.425.230.132.6-2.445.4
Other income (expense), net   [+]14.76.51.30.1 0.0
Pre-tax income  -70.7-241.2-104.1-70.51.5-95.4
Income taxes  0.0-0.8-0.10.40.80.0
            Tax rate  0.0%0.3%0.1% 50.0%0.0%
Minority interest  0.0-11.0-22.2-4.9  
Net income  -70.6-252.2-97.7-65.90.8-95.4
            Net margin  -28.2%-103.4%-19.0%-10.2% -32.4%
   
Basic EPS   [+]($2.18)($3.89)($1.94)($1.38)$0.08($1.99)
Diluted EPS   [+]($2.18)($3.89)($1.94)($1.38)$0.02($1.99)
   
Shares outstanding (basic)   [+]32.464.850.247.99.347.9
Shares outstanding (diluted)   [+]32.464.850.247.934.247.9
   
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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