Business Segment Information (Tables)

12 Months Ended

Dec. 31, 2019

Schedule of Reportable Segments Financial Information

The following table sets forth certain financial information with respect to Basic’s reportable segments (in thousands):




	Well Servicing		Water Logistics		Completion & Remedial Services		Corporate and Other		Continuing Operations Total		Discontinued Operations
Year ended December 31, 2019
Operating revenues	$	226,966	$	199,816	$	140,468	$	—	$	567,250	$	142,885
Direct operating costs	(186,782)		(141,379)		(98,654)		—		(426,815)		(134,778)
Segment profits	40,184		58,437		41,814		—		140,435		8,107
Depreciation and amortization	18,766		26,143		19,964		4,616		69,489		45,168
Capital expenditures	14,525		26,209		7,033		654		48,421		12,067
Identifiable assets	$	78,686	$	118,960	$	42,560	$	256,044	$	496,250	$	54,224

Year ended December 31, 2018
Operating revenues	$	250,982	$	231,283	$	171,300	$	—	$	653,565	$	311,154
Direct operating costs	(203,785)		(166,907)		(109,713)		—		(480,405)		(266,011)
Segment profits	47,197		64,376		61,587		—		173,160		45,143
Depreciation and amortization	18,470		25,250		27,903		6,550		78,173		48,244
Capital expenditures	22,212		24,737		10,128		1,396		58,473		29,970
Identifiable assets	$	89,813	$	98,717	$	125,123	$	293,506	$	607,159	$	154,618

Reconciliation of Segment Profits to Operating Income

The following table reconciles the segment profits reported above to the operating income as reported in the consolidated statements of operations (in thousands):



	Year ended December 31,
	2019		2018
Segment profits	$	140,435	$	173,160
General and administrative expenses	(118,460)		(145,725)
Depreciation and amortization	(69,489)		(78,173)
Gain (Loss) on disposal of assets	(2,135)		4,918


Operating loss	$	(49,649)	$	(45,820)