XML 19 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 3,044 $ 4,584
Accounts receivable, net of allowance for doubtful accounts of $1,190 and $673 at December 31, 2018 and 2017, respectively 37,047 34,897
Inventories, net 27,289 32,460
Income taxes receivable 3,161 2,826
Assets held for sale 118,470 54,508
Other current assets 5,771 8,649
Total current assets 194,782 137,924
Property and equipment, net 45,485 52,786
Goodwill 0 37,180
Deferred tax assets, net 18,663 12,713
Other intangible assets, net 26,827 22,048
Other long-term assets 126 527
Assets held for sale 0 66,710
TOTAL ASSETS 285,883 329,888
Current liabilities:    
Accounts payable 15,011 10,394
Accrued liabilities 10,335 13,793
Interest payable 8 43
Liabilities held for sale 9,174 12,450
Long-term debt, classified as current 49,731 27,950
Total current liabilities and total liabilities 84,259 64,630
Commitments and contingencies
Equity:    
Preferred stock, $0.0001 par value, 100,000 shares authorized; no shares issued and outstanding 0 0
Common stock, $0.0001 par value, 80,000,000 shares authorized; 62,162,875 shares issued and 57,342,279 shares outstanding at December 31, 2018; 60,622,986 shares issued and 56,755,293 shares outstanding at December 31, 2017 6 6
Additional paid-in capital 343,536 336,067
Accumulated other comprehensive income (loss) (1,116) (884)
Retained earnings (accumulated deficit) (107,565) (37,225)
Treasury stock, at cost; 3,770,224 and 3,621,435 shares at December 31, 2018 and 2017, respectively (33,237) (33,064)
Flotek Industries, Inc. stockholders’ equity 201,624 264,900
Noncontrolling interests 0 358
Total equity 201,624 265,258
TOTAL LIABILITIES AND EQUITY $ 285,883 $ 329,888