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Solaris Oilfield Infrastructure, Inc. – ‘10-Q’ for 9/30/22 – ‘R15’

On:  Tuesday, 11/1/22, at 6:05pm ET   ·   As of:  11/2/22   ·   For:  9/30/22   ·   Accession #:  1697500-22-44   ·   File #:  1-38090

Previous ‘10-Q’:  ‘10-Q’ on 8/2/22 for 6/30/22   ·   Next:  ‘10-Q’ on 5/4/23 for 3/31/23   ·   Latest:  ‘10-Q’ on 4/26/24 for 3/31/24   ·   1 Reference:  To:  Solaris Oilfield Infrastructure, Inc. – ‘8-K’ on 5/23/17 for 5/17/17

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  As Of               Filer                 Filing    For·On·As Docs:Size

11/02/22  Solaris Oilfield Infrastruct… Inc 10-Q        9/30/22   51:5.2M

Quarterly Report   —   Form 10-Q

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML   1.66M 
 2: EX-31.1     Certification -- §302 - SOA'02                      HTML     20K 
 3: EX-31.2     Certification -- §302 - SOA'02                      HTML     20K 
 4: EX-32.1     Certification -- §906 - SOA'02                      HTML     17K 
 5: EX-32.2     Certification -- §906 - SOA'02                      HTML     17K 
11: R1          Document and Entity Information                     HTML     73K 
12: R2          Condensed Consolidated Balance Sheets               HTML    149K 
13: R3          Condensed Consolidated Balance Sheets               HTML     38K 
                (Parenthetical)                                                  
14: R4          Condensed Consolidated Statements of Operations     HTML    113K 
15: R5          Condensed Consolidated Statements of Changes in     HTML    117K 
                Stockholders' Equity                                             
16: R6          Condensed Consolidated Statements of Changes in     HTML     20K 
                Stockholders' Equity (Parenthetical)                             
17: R7          Condensed Consolidated Statements of Cash Flows     HTML    130K 
18: R8          Organization and Background of Business             HTML     18K 
19: R9          Summary of Significant Accounting Policies          HTML     48K 
20: R10         Property, Plant and Equipment                       HTML     42K 
21: R11         Debt                                                HTML     32K 
22: R12         Equity                                              HTML    115K 
23: R13         Income Taxes                                        HTML     25K 
24: R14         Concentrations                                      HTML     18K 
25: R15         Commitments and Contingencies                       HTML     20K 
26: R16         Related Party Transactions                          HTML     22K 
27: R17         Subsequent Events                                   HTML     17K 
28: R18         Summary of Significant Accounting Policies          HTML     57K 
                (Policies)                                                       
29: R19         Summary of Significant Accounting Policies          HTML     40K 
                (Tables)                                                         
30: R20         Property, Plant and Equipment (Tables)              HTML     40K 
31: R21         Debt (Tables)                                       HTML     23K 
32: R22         Equity (Tables)                                     HTML    114K 
33: R23         Summary of Significant Accounting Policies -        HTML     28K 
                Revenues Disaggregated (Details)                                 
34: R24         Property, Plant and Equipment (Details)             HTML     41K 
35: R25         Debt (Details)                                      HTML     62K 
36: R26         Debt - Maturities of Debt (Details)                 HTML     23K 
37: R27         Equity - Dividends (Details)                        HTML     22K 
38: R28         Equity - SBC (Details)                              HTML     24K 
39: R29         Equity - Restricted stock (Details)                 HTML     43K 
40: R30         Equity - EPS (Details)                              HTML     57K 
41: R31         Equity - Antidilutive (Details)                     HTML     26K 
42: R32         Income Taxes - Quarter (Details)                    HTML     25K 
43: R33         Concentrations (Details)                            HTML     31K 
44: R34         Commitments and Contingencies (Details)             HTML     20K 
45: R35         Related Party Transactions (Details)                HTML     58K 
46: R36         Subsequent Events (Details)                         HTML     20K 
49: XML         IDEA XML File -- Filing Summary                      XML     84K 
47: XML         XBRL Instance -- soi-20220930x10q_htm                XML   1.14M 
48: EXCEL       IDEA Workbook of Financial Reports                  XLSX     77K 
 7: EX-101.CAL  XBRL Calculations -- soi-20220930_cal                XML    124K 
 8: EX-101.DEF  XBRL Definitions -- soi-20220930_def                 XML    479K 
 9: EX-101.LAB  XBRL Labels -- soi-20220930_lab                      XML    834K 
10: EX-101.PRE  XBRL Presentations -- soi-20220930_pre               XML    581K 
 6: EX-101.SCH  XBRL Schema -- soi-20220930                          XSD     92K 
50: JSON        XBRL Instance as JSON Data -- MetaLinks              270±   402K 
51: ZIP         XBRL Zipped Folder -- 0001697500-22-000044-xbrl      Zip    246K

‘R15’   —   Commitments and Contingencies

This is an IDEA Financial Report.  [ Alternative Formats ]

 
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Commitments and Contingencies
 9 Months Ended
Commitments and Contingencies  
Commitments and Contingencies

8.  Commitments and Contingencies

Tax Matters

We are subject to a number of state and local taxes that are not income-based. As many of these taxes are subject to assessment and audit by the taxing authorities, it is possible that an assessment or audit could result in additional taxes due. We accrue for additional taxes when we determine that it is probable that we will have incurred a liability and we can reasonably estimate the amount of the liability. On June 16, 2022, Cause Number CV20-09-372, styled Solaris Oilfield Site Services v. Brown County Appraisal District, was presented to the 35th District Court of Brown County, Texas. The 35th District Court of Brown County ruled in favor of Brown County Appraisal District regarding the disqualification of our equipment for certain property tax exemptions. While we intend to vigorously appeal this ruling, we have recognized $3.1 in Accrued Liabilities and Cost of sales in the nine month period ended September 30, 2022. No additional contingencies were recognized during the three months period ended September 30, 2022. If this litigation is ultimately resolved against us, in whole or in part, it is possible that the resolution of this matter could be material to our consolidated results of operations or cash flows.

Litigation and Claims

In the normal course of business, the Company is subjected to various claims, legal actions, contract negotiations and disputes. The Company provides for losses, if any, in the year in which they can be reasonably estimated. In management’s opinion, there are currently no such matters outstanding that would have a material effect on the accompanying condensed consolidated financial statements.

See Note 9 “Related Party Transactions” for contingent payments related to contracts with customers.

Dates Referenced Herein

This ‘10-Q’ Filing    Date    Other Filings
Filed as of:11/2/22None on these Dates
Filed on:11/1/22
For Period end:9/30/22
6/16/22
 List all Filings 

1 Previous Filing that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 5/23/17  Solaris Oilfield Infrastruct… Inc 8-K:1,2,3,5 5/17/17    7:598K                                   Donnelley … Solutions/FA
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Filing Submission 0001697500-22-000044   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)
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