The following tables present financial information with respect to the Company’s segments. Corporate and Other represents costs not directly associated with a segment, such as interest expense, income taxes and corporate overhead. Corporate assets include cash, deferred financing costs, derivatives and entity-level machinery equipment.



	Year Ended December 31,
	2022		2021		2020
Operations by reportable segment





Adjusted gross profit (loss):
Completion Services(1)	$	724,268	$	165,867	$	168,276
WC&I(1)	30,459		10,016		9,731
Well Support Services(1)	—		—		12,338
Total adjusted gross profit	$	754,727	$	175,883	$	190,345

(1) Adjusted gross profit at the segment level is not considered to be a non-GAAP financial measure as it is the Company's segment measure of profitability and is required to be disclosed under GAAP pursuant to ASC 280. Adjusted gross profit is defined as revenue less cost of services, further adjusted to eliminate items in cost of services that management does not consider in assessing ongoing performance.


	Year ended December 31, 2022
	Completion Services		WC&I		Total
Revenue	$	3,091,220	$	153,602	$	3,244,822
Cost of Services	2,366,952		123,143		2,490,095
Gross profit excluding depreciation and amortization	724,268		30,459		754,727
Management adjustments associated with cost of services(1)	—		—		—
Adjusted gross profit(2)	$	724,268	$	30,459	$	754,727

(1) Adjustments relate to market-driven severance, leased facility closures, and restructuring costs incurred as a result of significant declines in crude oil prices resulting from demand destruction from the COVID-19 pandemic and global oversupply of crude oil.

(2) Adjusted gross profit at the segment level is not considered to be a non-GAAP financial measure as it is the Company’s segment measure of profitability and is required to be disclosed under GAAP pursuant to ASC 280.


	Year ended December 31, 2021
	Completion Services		WC&I		Total
Revenue	$	1,324,888	$	98,553	$	1,423,441
Cost of Services	1,165,881		89,440		1,255,321
Gross profit excluding depreciation and amortization	159,007		9,113		168,120
Management adjustments associated with cost of services(1)	6,860		903		7,763
Adjusted gross profit(2)	$	165,867	$	10,016	$	175,883

(1) Adjustments relate to market-driven severance and restructuring costs incurred as a result of significant declines in crude oil prices resulting from demand destruction from the COVID-19 pandemic and global oversupply.


	Year ended December 31, 2020
	Completion Services		WC&I		Well Support Services		Total
Revenue	$	1,046,314	$	98,338	$	57,929	$	1,202,581
Cost of Services	893,785		93,198		45,591		1,032,574
Gross profit excluding depreciation and amortization	152,529		5,140		12,338		170,007
Management adjustments associated with cost of services(1)	15,747		4,591		—		20,338
Adjusted gross profit(2)	$	168,276	$	9,731	$	12,338	$	190,345


	(Thousands of Dollars)
	December 31, 2022		December 31, 2021
Total assets by segment:
Completion Services	$	1,404,557	$	1,201,265
WC&I	38,150		60,195

Corporate and Other	284,461		196,121
Total assets	$	1,727,168	$	1,457,581






Goodwill by segment:
Completion Services	$	192,780	$	192,780
WC&I	—		—

Corporate and Other	—		—
Total goodwill	$	192,780	$	192,780