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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
Mar. 31, 2020
Dec. 31, 2019
Jun. 30, 2019
Mar. 31, 2019
Jun. 30, 2019
Sep. 30, 2019
Dec. 31, 2019
Cash flows from operating activities:              
Net (loss) income attributable to Flotek Industries, Inc. (Flotek) $ (63,967)     $ 30,862      
Less: Income from discontinued operations, net of tax 0 $ (2,425) $ (1,608) 46,074 $ 44,466 $ 44,583 $ 42,158
Loss from continuing operations (63,967)     (15,212)      
Adjustments to reconcile loss from continuing operations to net cash used in operating activities:              
Depreciation and amortization 2,191     2,260      
Amortization of deferred financing costs 0     1,428      
Provision for doubtful accounts 597     366      
Provision for excess and obsolete inventory 529     0      
Impairment of right-of-use assets 7,434     0      
Impairment of fixed assets 30,178     0      
Impairment of intangible assets 19,842     0      
Loss on disposal of long-lived assets (33)     1,097      
Non-cash lease expense 184     230      
Stock compensation expense 462     456      
Deferred income tax provision (133)     17,860      
Reduction in tax benefit related to share-based awards 0     24      
Changes in current assets and liabilities:              
Accounts receivable, net 1,675     (420)      
Inventories, net 4,793     (7,661)      
Income taxes receivable (6,212)     (247)      
Other current assets 6,926     (18,199)      
Accounts payable (7,666)     (1,306)      
Accrued liabilities (17,522)     (8,157)      
Income taxes payable 226     2,428      
Interest payable 0     (8)      
Net cash used in operating activities (20,496)     (25,061)      
Cash flows from investing activities:              
Capital expenditures (42)     (461)      
Proceeds from sale of business 0     169,722      
Proceeds from sale of assets 34     132      
Abandoned/(purchase) of patents and other intangible assets 49     (103)      
Net cash (used in) provided by investing activities 41     169,290      
Cash flows from financing activities:              
Borrowings on revolving credit facility 0     42,984      
Repayments on revolving credit facility 0     (92,715)      
Purchase of treasury stock related to share-based awards (45)     (131)      
Proceeds from sale of common stock 349     0      
Payments for finance leases (51)     0      
Net cash provided by (used in) financing activities 253     (49,862)      
Discontinued operations:              
Net cash used in operating activities 0     (337)      
Net cash provided by investing activities 0     337      
Net cash flows provided by discontinued operations 0     0      
Effect of changes in exchange rates on cash and cash equivalents (109)     2      
Net (decrease) increase in cash and cash equivalents and restricted cash (20,311)     94,369      
Cash and cash equivalents at the beginning of period 100,575   96,753 3,044 3,044 3,044 3,044
Restricted cash at the beginning of period 663   660 0 0 0 0
Cash and cash equivalents and restricted cash at beginning of period 101,238   $ 97,413 3,044 $ 3,044 $ 3,044 3,044
Cash and cash equivalents at end of period 80,263 100,575   96,753     100,575
Restricted cash at the end of period 664 663   660     663
Cash and cash equivalents and restricted cash at the end of period $ 80,927 $ 101,238   $ 97,413     $ 101,238