v3.19.3
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands |
3 Months Ended |
9 Months Ended |
|
|
|
|
| Revenue: |
|
|
|
|
| Revenue |
$ 59,604
|
$ 56,686
|
$ 178,829
|
$ 139,859
|
| Operating costs and expenses: |
|
|
|
|
| Depreciation and amortization |
6,908
|
5,328
|
19,875
|
12,514
|
| Selling, general and administrative (excluding $147 and $126 and $411 and $355 of depreciation and amortization for the three and nine months ended September 30, 2019 and 2018, respectively, shown separately) |
4,933
|
3,869
|
13,967
|
12,662
|
| Other operating expenses |
248
|
56
|
529
|
1,752
|
| Total operating costs and expenses |
36,811
|
25,896
|
100,985
|
68,747
|
| Operating income |
22,793
|
30,790
|
77,844
|
71,112
|
| Interest expense, net |
(8)
|
(116)
|
(775)
|
(271)
|
| Total other expense |
(8)
|
(116)
|
(775)
|
(271)
|
| Income before income tax expense |
22,785
|
30,674
|
77,069
|
70,841
|
| Provision for income taxes |
(3,703)
|
(4,237)
|
(12,042)
|
(9,541)
|
| Net income |
19,082
|
26,437
|
65,027
|
61,300
|
| Less: net income related to non-controlling interests |
(7,684)
|
(13,418)
|
(28,036)
|
(31,754)
|
| Net income attributable to Solaris |
11,398
|
13,019
|
36,991
|
29,546
|
| System rental |
|
|
|
|
| Revenue: |
|
|
|
|
| Revenue |
36,638
|
42,031
|
113,726
|
104,563
|
| Operating costs and expenses: |
|
|
|
|
| Cost of revenue |
2,838
|
1,949
|
7,737
|
5,050
|
| Depreciation and amortization |
5,773
|
4,133
|
16,481
|
10,128
|
| System services |
|
|
|
|
| Revenue: |
|
|
|
|
| Revenue |
18,153
|
12,053
|
48,621
|
29,499
|
| Operating costs and expenses: |
|
|
|
|
| Cost of revenue |
21,072
|
13,906
|
56,366
|
34,691
|
| Depreciation and amortization |
384
|
347
|
1,173
|
889
|
| Transloading services |
|
|
|
|
| Revenue: |
|
|
|
|
| Revenue |
4,417
|
2,000
|
15,131
|
3,847
|
| Operating costs and expenses: |
|
|
|
|
| Cost of revenue |
652
|
597
|
2,051
|
1,464
|
| Depreciation and amortization |
411
|
529
|
1,231
|
544
|
| Inventory software services |
|
|
|
|
| Revenue: |
|
|
|
|
| Revenue |
396
|
602
|
1,351
|
1,950
|
| Operating costs and expenses: |
|
|
|
|
| Cost of revenue |
160
|
191
|
460
|
614
|
| Depreciation and amortization |
$ 193
|
$ 193
|
$ 579
|
$ 598
|
| Class A Common Stock |
|
|
|
|
| Operating costs and expenses: |
|
|
|
|
| Earnings per share of Class A common stock - basic (in dollars per share) |
$ 0.36
|
$ 0.49
|
$ 1.33
|
$ 1.13
|
| Earnings per share of Class A common stock - diluted (in dollars per share) |
$ 0.36
|
$ 0.49
|
$ 1.33
|
$ 1.12
|
| Basic weighted-average shares of Class A common stock outstanding (in shares) |
30,951
|
26,197
|
27,270
|
25,216
|
| Diluted weighted-average shares of Class A common stock outstanding (in shares) |
30,980
|
26,329
|
27,317
|
25,380
|
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