| In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
| | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Revenues: |
| Water & Flowback Services | | | | | 303.1 | 171.6 | 105.1 | |
| Completion Fluids & Products Division | 273.4 | 219.6 | 242.7 | 279.3 | 257.4 | 257.9 | 205.2 | |
| Eliminations | | | | | 0.4 | 2.0 | 4.2 | |
| Fluids Division | | | | | | | | 424.0 |
| Other | 279.8 | 168.6 | 135.1 | 282.0 | 437.9 | 291.7 | 303.0 | 706.1 |
| Total revenues [+] | 553.2 | 388.3 | 377.7 | 561.2 | 998.8 | 723.1 | 617.4 | 1,130.1 |
| Products | | | | | | | | 457.8 |
| Services | | | | | | | | 672.4 |
| Revenue growth [+] | 42.5% | 2.8% | -32.7% | -43.8% | 38.1% | 17.1% | -45.4% | 4.9% |
| Water & Flowback Services | | | | | 76.6% | 63.4% | | |
| Completion Fluids & Products Division | 24.5% | -9.5% | -13.1% | 8.5% | -0.2% | 25.7% | | |
| Eliminations | | | | | -80.7% | -53.3% | | |
| Fluids Division | | | | | | | | -3.0% |
| Offshore Division | | | | | | | | -29.5% |
| Cost of goods sold [+] | 330.7 | 253.4 | 212.5 | 240.0 | 836.5 | 614.7 | 556.6 | 940.9 |
| Cost of product sales | | | | | | | | 324.2 |
| Cost of services | | | | | | | | 417.5 |
| Gross profit | 222.5 | 134.9 | 165.2 | 321.3 | 162.3 | 108.4 | 60.8 | 189.2 |
| Gross margin | 40.2% | 34.7% | 43.7% | 57.2% | 16.2% | 15.0% | 9.9% | 16.7% |
| Selling, general and administrative [+] | 91.9 | 75.0 | 76.7 | 96.5 | 132.4 | 115.4 | 108.4 | 157.8 |
| General and administrative | 91.9 | 75.0 | 76.7 | 96.5 | 132.4 | 115.4 | 108.4 | 157.8 |
| Equity in earnings | | | | | | | | |
| Other operating expenses | 105.2 | 107.8 | 76.7 | 120.6 | -4.4 | -17.9 | -12.7 | -48.5 |
| EBITDA [+] | 58.2 | 19.0 | 168.7 | 276.1 | 266.1 | 231.0 | 211.8 | 235.0 |
| EBITDA growth | 205.3% | -88.7% | -38.9% | 3.7% | 15.2% | 9.1% | -9.8% | 125.7% |
| EBITDA margin | 10.5% | 4.9% | 44.7% | 49.2% | 26.6% | 32.0% | 34.3% | 20.8% |
| Depreciation | 27.9 | 61.9 | 151.7 | 166.7 | 224.6 | 214.1 | 239.9 | 140.2 |
| EBITA | 30.2 | -42.9 | 17.1 | 109.3 | 41.5 | 16.9 | -28.1 | 94.8 |
| EBITA margin | 5.5% | -11.0% | 4.5% | 19.5% | 4.2% | 2.3% | -4.6% | 8.4% |
| Amortization of intangibles | 4.9 | 5.1 | 5.3 | 5.1 | 7.3 | 6.1 | 6.8 | 14.8 |
| EBIT [+] | 25.3 | -48.0 | 11.8 | 104.2 | 34.2 | 10.8 | -34.9 | 80.0 |
| EBIT growth | -152.8% | -507.1% | -88.7% | 204.7% | 215.9% | -131.0% | -143.6% | -725.1% |
| EBIT margin | 4.6% | -12.4% | 3.1% | 18.6% | 3.4% | 1.5% | -5.7% | 7.1% |
| Non-recurring items [+] | 2.8 | 0.6 | 20.9 | 213.0 | 3.6 | 2.1 | 123.3 | 221.2 |
| Asset impairment | 2.8 | 0.6 | 20.9 | 213.0 | 3.6 | 14.9 | 123.3 | 221.2 |
| Interest expense | 15.8 | 16.4 | 18.9 | 21.3 | 70.9 | 57.2 | 58.6 | 54.5 |
| Interest expense | 15.8 | 16.4 | 18.9 | 21.3 | 70.9 | 57.2 | 58.6 | 54.5 |
| Other income (expense), net [+] | 4.5 | 50.2 | 3.0 | 1.9 | 3.9 | 4.4 | -6.4 | -6.1 |
| Gain (loss) on sale of assets | | | | 1.7 | | | | -4.4 |
| Change in fair value of warrants | | | | | -11.1 | -5.3 | 2.1 | |
| Other | 4.5 | 17.5 | 3.0 | 1.9 | -7.2 | -0.9 | -4.3 | -6.1 |
| Pre-tax income | 11.2 | -14.7 | -25.1 | -128.1 | -36.4 | -44.0 | -223.2 | -201.8 |
| Income taxes | 3.6 | 2.1 | 1.8 | 2.8 | 6.3 | 0.8 | 2.2 | 7.7 |
| Tax rate | 31.9% | | | | | | | |
| Minority interest | 0.0 | 0.3 | -47.8 | -13.1 | | | | |
| Earnings from continuing ops | 7.8 | 103.3 | -51.1 | -147.4 | -42.7 | -44.8 | -225.4 | -209.5 |
| Earnings from discontinued ops | | | | | -41.5 | -17.4 | -14.0 | |
| Net income | 7.8 | 103.3 | -51.1 | -147.4 | -84.2 | -62.2 | -239.4 | -209.5 |
| Net margin | 1.4% | 26.6% | -13.5% | -26.3% | -8.4% | -8.6% | -38.8% | -18.5% |
| |
| Basic EPS [+] | $0.06 | $0.82 | ($0.41) | ($1.17) | ($0.34) | ($0.39) | ($2.58) | ($2.65) |
| Growth | -92.5% | -300.8% | -65.4% | 240.9% | -12.0% | -84.8% | -2.4% | 24.1% |
| Diluted EPS [+] | $0.06 | $0.82 | ($0.41) | ($1.17) | ($0.34) | ($0.39) | ($2.58) | ($2.65) |
| Growth | -92.6% | -300.8% | -65.4% | 240.9% | -12.0% | -84.8% | -2.4% | 24.1% |
| |
| Shares outstanding (basic) [+] | 128.1 | 126.6 | 125.8 | 125.6 | 124.1 | 114.5 | 87.3 | 79.2 |
| Growth | 1.2% | 0.6% | 0.2% | 1.2% | 8.4% | 31.2% | 10.3% | 0.7% |
| Shares outstanding (diluted) [+] | 129.8 | 126.6 | 125.8 | 125.6 | 124.1 | 114.5 | 87.3 | 79.2 |
| Growth | 2.5% | 0.6% | 0.2% | 1.2% | 8.4% | 31.2% | 10.3% | 0.7% |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |