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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:      
Net income (loss) attributable to Flotek Industries, Inc. (Flotek) $ (11,110,000) $ 7,284,000 $ (78,899,000)
Less: Income from discontinued operations, net of tax 117,000 46,881,000 4,176,000
Loss from continuing operations (11,227,000) (39,597,000) (83,075,000)
Adjustments to reconcile loss from continuing operations to net cash used in operating activities:      
Depreciation and amortization 2,058,000 6,437,000 6,935,000
Amortization of deferred financing costs 0 1,428,000 294,000
Provision for doubtful accounts   426,000 176,000
Provision for excess and obsolete inventory   0 1,817,000
Impairment of goodwill 0 0 37,180,000
Loss on sale of business 0 0 (360,000)
Loss on write-down of assets held for sale 0 0 2,580,000
Loss on disposal of long-lived assets   1,096,000 119,000
Non-cash lease expense   813,000  
Stock compensation expense   2,829,000 6,594,000
Deferred income tax provision   17,983,000 15,358,000
Reduction in tax benefit related to share-based awards   24,000 312,000
Changes in current assets and liabilities:      
Restricted cash   (663,000) 0
Accounts receivable, net   21,629,000 (10,392,000)
Inventories, net   3,000,000 (1,490,000)
Income taxes receivable   2,853,000 58,000
Other current assets   (14,974,000) 1,759,000
Accounts payable   (4,434,000) 5,672,000
Accrued liabilities   (13,122,000) (9,001,000)
Income taxes payable   595,000 0
Interest payable   (8,000) (37,000)
Net cash used in operating activities   (13,685,000) (24,781,000)
Cash flows from investing activities:      
Capital expenditures   (1,869,000) (3,965,000)
Proceeds from sale of business   169,722,000 1,665,000
Proceeds from sale of assets   234,000 361,000
Purchase of patents and other intangible assets   (590,000) (1,466,000)
Net cash (used in) provided by investing activities   167,497,000 (3,405,000)
Cash flows from financing activities:      
Borrowings on revolving credit facility   42,984,000 213,612,000
Repayments on revolving credit facility   (92,715,000) (188,160,000)
Debt issuance costs   0 (98,000)
Purchase of treasury stock related to share-based awards   (207,000) (91,000)
Proceeds from sale of common stock   7,000 341,000
Payments for finance leases 6,000 51,000  
Loss from noncontrolling interest   0 (357,000)
Net cash (used in) provided by financing activities   (49,880,000) 25,247,000
Discontinued operations:      
Net cash (used in) provided by operating activities   (321,000) 880,000
Net cash (used in) provided by investing activities   337,000 (630,000)
Net cash flows provided by discontinued operations   16,000 250,000
Effect of changes in exchange rates on cash and cash equivalents   2,000 (66,000)
Net increase (decrease) in cash and cash equivalents   103,950,000 (2,755,000)
Cash and cash equivalents at the beginning of period   3,044,000 4,584,000
Cash and cash equivalents at the end of period $ 106,994,000 $ 106,994,000 $ 1,829,000