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Unaudited Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues:        
Total revenues $ 184,227 $ 155,063 $ 534,859 $ 434,669
Costs and expenses:        
Selling, general and administrative expenses 17,677 17,320 50,572 46,204
Depreciation and amortization expense 22,608 20,282 65,818 62,928
Impairment expense 0 0 0 7,935
Other operating (income) expense (339) 21 (187) 122
Total costs and expenses 173,442 149,053 505,595 436,431
Operating income (loss) 10,785 6,010 29,264 (1,762)
Interest expense (3,001) (3,166) (8,077) (9,929)
Loss on extinguishment of debt 0 (416) 0 (416)
Interest income 13 0 15 2
Other income 2,179 364 4,290 6,066
Income (loss) before income taxes 9,976 2,792 25,492 (6,039)
Income tax expense (3,713) (1,770) (7,091) (2,354)
Net income (loss) 6,263 1,022 18,401 (8,393)
Less: Net income attributable to noncontrolling interest 546 478 1,706 534
Net income (loss) attributable to Civeo Corporation 5,717 544 16,695 (8,927)
Less: Dividends attributable to Class A preferred shares 492 482 1,469 1,440
Net income (loss) attributable to Civeo common shareholders $ 5,225 $ 62 $ 15,226 $ (10,367)
Per Share Data (see Note 7)        
Basic net income (loss) per share attributable to Civeo Corporation common shareholders (in dollars per share) $ 0.32 $ 0 $ 0.92 $ (0.73)
Diluted net income (loss) per share attributable to Civeo Corporation common shareholders (in dollars per share) $ 0.32 $ 0 $ 0.91 $ (0.73)
Weighted average number of common shares outstanding:        
Basic (in shares) 13,932 14,277 14,058 14,255
Diluted (in shares) 14,064 14,361 14,220 14,255
Service and other        
Revenues:        
Total revenues $ 177,504 $ 150,081 $ 514,328 $ 419,861
Costs and expenses:        
Service and other costs 127,955 107,287 373,123 307,198
Rental        
Revenues:        
Total revenues 5,785 4,581 18,080 12,185
Costs and expenses:        
Service and other costs 5,024 3,892 14,830 10,523
Product        
Revenues:        
Total revenues 938 401 2,451 2,623
Costs and expenses:        
Service and other costs $ 517 $ 251 $ 1,439 $ 1,521