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Selected Quarterly Financial Data (Tables) | 12 Months Ended
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Dec. 31, 2014
Selected Quarterly Financial Data (Unaudited) |
Schedule of quarterly financial data |
|  | March 31, |  | June 30, |  | September 30, |  | December 31, |
|  | 2014(1) |  | 2014(2) |  | 2014(3) |  | 2014(4) |
Revenue from external customers |  | $ | 643,008 |  | $ | 739,270 |  | $ | 723,832 |  | $ | 793,628 |
Gross profit(9) |  | 152,060 |  | 143,390 |  | 165,593 |  | 175,708 |
Net income attributable to Exterran stockholders |  | 32,596 |  | 12,377 |  | 34,050 |  | 19,143 |
Net income attributable to Exterran common stockholders per share: |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.49 |  | $ | 0.19 |  | $ | 0.51 |  | $ | 0.28 |
Diluted |  | 0.47 |  | 0.19 |  | 0.48 |  | 0.27 |
|  | March 31, |  | June 30, |  | September 30, |  | December 31, |
|  | 2013(5) |  | 2013(6) |  | 2013(7) |  | 2013(8) |
Revenue from external customers |  | $ | 809,896 |  | $ | 835,906 |  | $ | 775,584 |  | $ | 739,018 |
Gross profit(9) |  | 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 common stockholders per share: |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.77 |  | $ | 0.14 |  | $ | 0.62 |  | $ | 0.34 |
Diluted |  | 0.76 |  | 0.14 |  | 0.62 |  | 0.34 |
| (1) |  | In the first quarter of 2014, we recorded $17.8 million of net proceeds from the sale of previously nationalized Venezuelan assets to PDVSA Gas (see Note 3), $4.9 million of equity in income of non-consolidated affiliates from the sale of our Venezuelan joint ventures’ assets (see Note 9), $4.8 million of restructuring charges (see Note 15) and $3.8 million of long-lived asset impairments (see Note 14).
| (2) |  | In the second quarter of 2014 we completed the April 2014 MidCon Acquisition (see Note 4). Additionally, we recorded $18.1 million of net proceeds from the sale of previously nationalized Venezuelan assets to PDVSA Gas (see Note 3), $9.8 million of long-lived asset impairments (see Note 14) and $4.9 million of equity in income of non-consolidated affiliates from the sale of our Venezuelan joint ventures’ assets (see Note 9).
| (3) |  | In the third quarter of 2014 we completed the August 2014 MidCon Acquisition (see Note 4). Additionally, we recorded $18.2 million of net proceeds from the sale of previously nationalized Venezuelan assets to PDVSA Gas (see Note 3), $12.4 million of long-lived asset impairments (see Note 14) and $5.0 million of equity in income of non-consolidated affiliates from the sale of our Venezuelan joint ventures’ assets (see Note 9).
| (4) |  | In the fourth quarter of 2014, we recorded $18.5 million of net proceeds from the sale of previously nationalized Venezuelan assets to PDVSA Gas (see Note 3), $20.7 million of long-lived asset impairments (see Note 14) and $2.2 million of restructuring charges (see Note 15).
| (5) |  | 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 3), $4.7 million of equity in income of non-consolidated affiliates from the sale of our Venezuelan joint ventures’ assets (see Note 9), $3.6 million of long-lived asset impairments (see Note 14) and $2.1 million of impairments related to Canadian discontinued operations (see Note 3).
| (6) |  | 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 14), $4.7 million of equity in income of non-consolidated affiliates from the sale of our Venezuelan joint ventures’ assets (see Note 9) and $3.9 million of impairments related to Canadian discontinued operations (see Note 3).
| (7) |  | 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 3), $4.5 million of long-lived asset impairments (see Note 14), $4.8 million of equity in income of non-consolidated affiliates from the sale of our Venezuelan joint ventures’ assets (see Note 9) and $2.4 million of long-lived asset impairments related to our contract water treatment business which is reflected in discontinued operations (see Note 3).
| (8) |  | 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 3), $4.8 million of equity in income of non-consolidated affiliates from the sale of our Venezuelan joint ventures’ assets (see Note 9) and $3.9 million of long-lived asset impairments (see Note 14).
| (9) |  | 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 Tabular disclosure of the quarterly financial data in the annual financial statements. The disclosure includes financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income (loss) before extraordinary items and cumulative effect of a change in accounting principle and earnings per share data. + 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=35737889&loc=d3e1280-108306 + Details
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