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Selected Quarterly Financial Data (Unaudited) | 12 Months Ended
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Dec. 31, 2013
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 results of operations for the respective periods.
|  | March 31, |  | June 30, |  | September 30, |  | December 31, |
|  | 2013(1)(2) |  | 2013(2)(3) |  | 2013(2)(4) |  | 2013(5) |
Revenue from external customers |  | $ | 809,896 |  | $ | 835,906 |  | $ | 775,584 |  | $ | 739,018 |
Gross profit(10) |  | 145,808 |  | 166,145 |  | 167,049 |  | 159,092 |
Net income attributable to Exterran stockholders |  | 50,205 |  | 9,335 |  | 40,977 |  | 22,647 |
Net income attributable to Exterran stockholders per common share: |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.77 |  | $ | 0.14 |  | $ | 0.62 |  | $ | 0.34 |
Diluted |  | 0.76 |  | 0.14 |  | 0.62 |  | 0.34 |
|  | March 31, |  | June 30, |  | September 30, |  | December 31, |
|  | 2012(2)(6) |  | 2012(2)(7) |  | 2012(2)(8) |  | 2012(2)(9) |
Revenue from external customers |  | $ | 611,915 |  | $ | 628,580 |  | $ | 716,684 |  | $ | 837,067 |
Gross profit(10) |  | 107,586 |  | (15,552 | ) | 129,841 |  | 155,571 |
Net income (loss) attributable to Exterran stockholders |  | 5,495 |  | (152,608 | ) | 113,366 |  | (5,739 | )
Net income (loss) attributable to Exterran stockholders per common share: |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.09 |  | $ | (2.40 | ) | $ | 1.75 |  | $ | (0.09 | )
Diluted |  | 0.09 |  | (2.40 | ) | 1.74 |  | (0.07 | )
(1) In the first quarter of 2013, we recorded $34.3 million of net proceeds from the sale of previously nationalized Venezuelan assets to PDVSA Gas, which included a prepayment of $17.2 million for the second quarter 2013 installment payment due to us (see Note 2), $4.7 million of equity in income of non-consolidated affiliates from the sale of our Venezuelan joint ventures’ assets (see Note 7), $3.6 million of long-lived asset impairments (see Note 13) and $2.1 million of impairments related to Canadian discontinued operations (see Note 2). (2) In December 2013, we abandoned our contract water treatment business as part of our continued emphasis on simplification and focus on our core businesses. Our contract water treatment business is reflected as discontinued operations in our consolidated financial statements. As a result, we reclassified $1.5 million, $1.4 million and $0.4 million of revenue to discontinued operations for the three months ended March 31, 2013, June 30, 2013 and September 30, 2013, respectively. Additionally, we reclassified $3.3 million, $2.2 million, $2.0 million and $1.9 million of revenue to discontinued operations for the three months ended March 31, 2012, June 30, 2012, September 30, 2012, and December 31, 2012, respectively. (3) In the second quarter of 2013, we recorded $16.6 million of long-lived asset impairments, including $11.9 million related to the entity that owned our fabrication facility in the United Kingdom which we sold in July 2013 (see Note 13), $4.7 million of equity in income of non-consolidated affiliates from the sale of our Venezuelan joint ventures’ assets (see Note 7) and $3.9 million of impairments related to Canadian discontinued operations (see Note 2). (4) In the third quarter of 2013, we recorded $17.4 million of net proceeds from the sale of previously nationalized Venezuelan assets to PDVSA Gas (see Note 2), $4.5 million of long-lived asset impairments (see Note 13), $4.8 million of equity in income of non-consolidated affiliates from the sale of our Venezuelan joint ventures’ assets (see Note 7) and $2.4 million of long-lived asset impairments related to our contract water treatment business which is reflected in discontinued operations (see Note 2). (5) In the fourth quarter of 2013, we recorded $17.6 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 from the sale of our Venezuelan joint ventures’ assets (see Note 7) and $3.9 million of long-lived asset impairments (see Note 13). (6) In the first quarter of 2012, we recorded $37.6 million of equity in income of non-consolidated affiliates from the sale of our Venezuelan joint ventures’ assets (see Note 7), $4.1 million of long-lived asset impairments (see Note 13) and $2.9 million of restructuring charges (see Note 14). (7) In the second quarter of 2012, we recorded $128.5 million of long-lived asset impairments (see Note 13), $4.7 million of equity in income of non-consolidated affiliates from the sale of our Venezuelan joint ventures’ assets (see Note 7), $1.3 million of restructuring charges (see Note 14) and $40.8 million of impairments related to Canadian discontinued operations (see Note 2). (8) 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 from the sale of our Venezuelan joint ventures’ assets (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 of impairments related to Canadian discontinued operations (see Note 2). (9) In the fourth quarter of 2012, we recorded $46.8 million of impairments related to our contract water treatment business which is reflected in discontinued operations (see Note 2), $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 from the sale of our Venezuelan joint ventures’ assets (see Note 7) and $11.6 million of impairments related to Canadian discontinued operations (see Note 2). (10) Gross profit is defined as revenue less cost of sales, direct depreciation and amortization expense and long-lived asset impairment charges.

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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 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e765-108305 Reference 2: 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 3: 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=25249566&loc=d3e1280-108306 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 5: 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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