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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
Jun. 30, 2020
Mar. 31, 2020
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Jun. 30, 2020
Jun. 30, 2019
Sep. 30, 2019
Dec. 31, 2019
Cash flows from operating activities:                  
Net (loss) income attributable to Flotek Industries, Inc. $ (9,561)     $ (14,413)   $ (73,528) $ 16,449    
Less: Income from discontinued operations, net of tax 0     (1,608)   0 44,466    
Loss from continuing operations (9,561)     (12,805)   (73,528) (28,017)    
Adjustments to reconcile loss from continuing operations to net cash used in operating activities:                  
Depreciation and amortization 468     2,119   2,659 4,379    
Amortization of deferred financing costs           0 1,428    
Provision for doubtful accounts           474 102    
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    
(Gain)/loss on disposal of long-lived assets           (631) 1,093    
Non-cash lease expense           242 464    
Stock compensation expense           1,521 1,669    
Deferred income tax provision           (105) 17,855    
Reduction in tax benefit related to share-based awards           0 24    
Changes in current assets and liabilities:                  
Accounts receivable, net           7,252 6,289    
Inventories, net           6,418 554    
Income taxes receivable           (6,351) (281)    
Other current assets   $ 3,645 $ (4,036)   $ (4,442) 1,715 (1,990)   $ 2,579
Other long-term assets     (3,286)   (3,286) 0 (3,286)   (4,417)
Accounts payable           (10,229) (4,157)    
Accrued liabilities           (16,755) (10,216)    
Income taxes payable           119 1,182    
Interest payable           0 (8)    
Net cash used in operating activities           (29,216) (6,344)    
Cash flows from investing activities:                  
Capital expenditures 0     (306)   (42) (767)    
Proceeds from sale of business   3,281     152,217 9,844 152,217 $ 155,498 155,498
Proceeds from sale of assets           66 140    
Purchase of JP3, net of cash acquired           (26,284) 0    
Purchase of patents and other intangible assets           (8) (227)    
Net cash (used in) provided by investing activities           (16,424) 151,363    
Cash flows from financing activities:                  
Borrowings on revolving credit facility           0 42,984    
Repayments on revolving credit facility           0 (92,715)    
Proceeds from Paycheck Protection Program loan           4,798      
Purchase of treasury stock related to share-based awards           (82) (142)    
Proceeds from sale of common stock           358 0    
Payments for finance leases (14)     (38)   (51) (38)    
Net cash provided by (used in) financing activities           5,023 (49,911)    
Discontinued operations:                  
Net cash used in operating activities           0 (321)    
Net cash provided by investing activities           0 337    
Net cash flows provided by discontinued operations           0 16    
Effect of changes in exchange rates on cash and cash equivalents           (31) 2    
Net (decrease) increase in cash and cash equivalents and restricted cash           (40,648) 95,126    
Cash and cash equivalents at the beginning of period   100,575 97,509   3,044 100,575 3,044 3,044 3,044
Restricted cash at the beginning of period   663 661   0 663 0 0 0
Cash and cash equivalents and restricted cash at beginning of period   $ 101,238 $ 98,170   $ 3,044 101,238 3,044 $ 3,044 3,044
Cash and cash equivalents at end of period 59,926     97,509   59,926 97,509   100,575
Restricted cash at the end of period 664     661   664 661   663
Cash and cash equivalents and restricted cash at the end of period $ 60,590     $ 98,170   $ 60,590 $ 98,170   $ 101,238