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Selected Quarterly Financial Data (Unaudited) | 12 Months Ended
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Dec. 31, 2012
Selected Quarterly Financial Data (Unaudited) |
Selected Quarterly Financial Data (Unaudited) | 24. Selected Quarterly Financial Data (Unaudited) In management’s opinion, the summarized quarterly financial data below (in thousands, except per share amounts) contains all appropriate adjustments, all of which are normally recurring adjustments, considered necessary to present fairly our financial position and the results of operations for the respective periods.
|  | March 31, |  | June 30, |  | September 30, |  | December 31, |
|  | 2012(1)(2) |  | 2012(3) |  | 2012(4) |  | 2012(5) |
Revenue from external customers |  | $ | 615,241 |  | $ | 630,735 |  | $ | 718,704 |  | $ | 838,922 |
Gross profit(6) |  | 109,056 |  | (14,803 | ) | 130,513 |  | 137,809 |
Net income (loss) attributable to Exterran stockholders |  | 5,495 |  | (152,608 | ) | 113,366 |  | (5,739 | )
Income (loss) per common share attributable to Exterran stockholders: |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.09 |  | $ | (2.40 | ) | $ | 1.75 |  | $ | (0.09 | )
Diluted |  | 0.09 |  | (2.40 | ) | 1.74 |  | (0.09 | )
|  | March 31, |  | June 30, |  | September 30, |  | December 31, |
|  | 2011(2) |  | 2011 |  | 2011(7) |  | 2011(8) |
Revenue from external customers |  | $ | 606,928 |  | $ | 644,068 |  | $ | 689,820 |  | $ | 689,063 |
Gross profit(6) |  | 105,424 |  | 90,374 |  | 105,284 |  | 102,117 |
Net loss attributable to Exterran stockholders |  | (30,030 | ) | (28,026 | ) | (215,974 | ) | (66,578 | )
Loss per common share attributable to Exterran stockholders: |  |  |  |  |  |  |  |  |
Basic |  | $ | (0.48 | ) | $ | (0.45 | ) | $ | (3.44 | ) | $ | (1.06 | )
Diluted |  | (0.48 | ) | (0.45 | ) | (3.44 | ) | (1.06 | )
(1) In the first quarter of 2012, we recorded $37.6 million of equity in income of non-consolidated affiliates received in conjunction with the sale of our Venezuelan joint ventures’ assets (see Note 7), $4.1 million of long-lived asset impairments (see Note 13) and $3.0 million of restructuring charges (see Note 14). (2) In June 2012, we committed to a plan to sell our contract operations and aftermarket services businesses in Canada (see Note 2). Our Canadian contract operations and aftermarket services businesses are reflected as discontinued operations in our consolidated financial statements. As a result, we reclassified $11.3 million and $11.6 million of revenue for the three months ended March 31, 2012 and 2011, respectively, to discontinued operations. (3) In the second quarter of 2012, we recorded $128.5 million of long-lived assets impairments (see Note 13), $4.7 million of equity in income of non-consolidated affiliates (see Note 7), $1.3 million of restructuring charges (see Note 14) and $40.8 million impairment of Canadian discontinued operations (see Note 2). (4) In the third quarter of 2012, we recorded $126.7 million of net proceeds from the sale of previously nationalized Venezuelan assets to PDVSA Gas (see Note 2), $4.8 million of equity in income of non-consolidated affiliates (see Note 7), $3.2 million of long-lived asset impairments (see Note 13), $1.5 million of restructuring charges (see Note 14) and $27.7 million impairment of Canadian discontinued operations (see Note 2). (5) In the fourth quarter of 2012, we recorded $46.8 million of long-lived assets impairment related to our plan to abandon our contract water treatment business (see Note 13), $16.8 million of net proceeds from the sale of previously nationalized Venezuelan assets to PDVSA Gas (see Note 2), $4.6 million of equity in income of non-consolidated affiliates (see Note 7) and $11.6 million impairment of Canadian discontinued operations (see Note 2). (6) Gross profit is defined as revenue less cost of sales, direct depreciation and amortization expense and long-lived asset impairment charges. (7) In the third quarter of 2011, we recorded a $196.1 million goodwill impairment charge (see Note 8) and $2.9 million of restructuring charges (see Note 14). (8) In the fourth quarter of 2011, we recorded $8.7 million of restructuring charges (see Note 14).

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- Definition The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=20225539&loc=d3e1280-108306 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e765-108305 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 28 -Paragraph 30 -Subparagraph a-j -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e725-108305 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 28 -Paragraph 23, 24 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 302 -Paragraph a + Details
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