23. 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 consolidated financial position and results of operations for the respective periods.



	March 31, 2015⁽¹⁾		June 30, 2015⁽²⁾			September 30, 2015⁽³⁾			December 31, 2015⁽⁴⁾
Revenue from external customers	$	252,873	$	255,062		$	248,863		$	241,310
Gross profit⁽⁹⁾	70,797		67,643			52,949			(21,541		)
Net income (loss) attributable to Archrock stockholders	32,142		(1,389		)	(6,304		)	(130,267		)
Net income (loss) attributable to Archrock common stockholders per share:
Basic	$	0.47	$	(0.02	)	$	(0.09	)	$	(1.91	)
Diluted	0.47		(0.02		)	(0.09		)	(1.91		)



	March 31, 2014⁽⁵⁾		June 30, 2014⁽⁶⁾		September 30, 2014⁽⁷⁾		December 31, 2014⁽⁸⁾
Revenue from external customers	$	209,738	$	239,153	$	247,453	$	262,809
Gross profit⁽⁹⁾	46,396		56,616		59,738		58,065
Net income attributable to Archrock stockholders	32,596		12,377		34,050		19,143
Net income attributable to Archrock common stockholders per share:
Basic	$	0.50	$	0.19	$	0.50	$	0.28
Diluted	0.50		0.19		0.48		0.28


⁽¹⁾	In the first quarter of 2015, we recorded $34.9 million of income from discontinued operations, net of tax (see Note 2 (“Discontinued Operations”)) and $8.2 million of long-lived asset impairments (see Note 12 (“Long-Lived Asset Impairment”)).

⁽²⁾

In the second quarter of 2015, we completed the April 2015 Contract Operations Acquisition (see Note 3 (“Business Acquisitions”)). Additionally, we recorded $3.5 million of income from discontinued operations, net of tax (see Note 2 (“Discontinued Operations”)), $9.5 million of long-lived asset impairments (see Note 12 (“Long-Lived Asset Impairment”) and $1.2 million of restructuring charges (see Note 13 (“Restructuring Charges”)).


⁽³⁾	In the third quarter of 2015 we recorded $13.7 million of income from discontinued operations, net of tax (see Note 2 (“Discontinued Operations”)), $19.9 million of long-lived asset impairments (see Note 12 (“Long-Lived Asset Impairment”)) and $0.3 million of restructuring charges (see Note 13 (“Restructuring Charges”)).

⁽⁴⁾

In the fourth quarter of 2015, we recorded $8.3 million of income from discontinued operations, net of tax (see Note 2 (“Discontinued Operations”)), $3.7 million of goodwill impairment (see Note 6 (“Goodwill”)), $87.4 million of long-lived asset impairments (see Note 12 (“Long-Lived Asset Impairment”)) and $3.2 million of restructuring charges (see Note 13 (“Restructuring Charges”)).


⁽⁵⁾	In the first quarter of 2014, we recorded $41.4 million of income from discontinued operations, net of tax (see Note 2 (“Discontinued Operations”)), $3.8 million of long-lived asset impairments (see Note 12 (“Long-Lived Asset Impairment”)) and $4.8 million of restructuring charges (see Note 13 “Restructuring Charges”)).


⁽⁶⁾	In the second quarter of 2014 , we recorded $24.0 million of income from discontinued operations, net of tax (see Note 2 (“Discontinued Operations”)), $9.8 million of long-lived asset impairments (see Note 12 (“Long-Lived Asset Impairment”)) and $0.4 million of restructuring charges (see Note 13 “Restructuring Charges”)).


⁽⁷⁾	In the third quarter of 2014, we recorded $32.6 million of income from discontinued operations, net of tax (see Note 2 (“Discontinued Operations”)), $11.3 million of long-lived asset impairments (see Note 12 (“Long-Lived Asset Impairment”)) and $0.2 million of restructuring charges (see Note 13 (“Restructuring Charges”)).


⁽⁸⁾	In the fourth quarter of 2014, we recorded $45.0 million of income from discontinued operations, net of tax (see Note 2 (“Discontinued Operations”)) and $17.9 million of long-lived asset impairments (see Note 12 (“Long-Lived Asset Impairment”)).


⁽⁹⁾	Gross profit is defined as revenue less cost of sales, direct depreciation and amortization expense and long-lived asset impairment charges.