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).