0000000000-20-012236.txt : 20210212 0000000000-20-012236.hdr.sgml : 20210212 20201221113004 ACCESSION NUMBER: 0000000000-20-012236 CONFORMED SUBMISSION TYPE: UPLOAD PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20201221 FILED FOR: COMPANY DATA: COMPANY CONFORMED NAME: Exterran Corp CENTRAL INDEX KEY: 0001635881 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-EQUIPMENT RENTAL & LEASING, NEC [7359] IRS NUMBER: 473282259 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: UPLOAD BUSINESS ADDRESS: STREET 1: 11000 EQUITY DRIVE CITY: HOUSTON STATE: TX ZIP: 77041 BUSINESS PHONE: 281-836-7000 MAIL ADDRESS: STREET 1: 11000 EQUITY DRIVE CITY: HOUSTON STATE: TX ZIP: 77041 FORMER COMPANY: FORMER CONFORMED NAME: Exterran SpinCo, Inc. 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end TEXT-EXTRACT 2 filename2.txt United States securities and exchange commission logo December 21, 2020 David Barta Chief Financial Officer Exterran Corp 11000 Equity Drive Houston, TX 77041 Re: Exterran Corp Form 10-K for the Year Ended December 31, 2019 Filed February 28, 2020 Form 10-Q for the Fiscal Quarter Ended September 30, 2020 Filed November 2, 2020 File No. 001-36875 Dear Mr. Barta: We have reviewed your filings and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to these comments within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comments apply to your facts and circumstances, please tell us why in your response. After reviewing your response to these comments, we may have additional comments. Form 10-K for the Fiscal Year Ended December 31, 2019 Item 6. Selected Financial Data Non-GAAP Financial Measures, page 25 1. We note your presentation of the non-GAAP measure total gross margin. Please revise your reconciliation for this non-GAAP measure to the most directly comparable GAAP measure of gross margin in accordance with Item 10(e)(1)(i)(B) of Regulation S-K. If you do not believe gross margin that includes depreciation and amortization is the most directly comparable GAAP measure, please tell us why in your response. In addition, retitle this measure to avoid confusion with the GAAP measure of gross margin. Similar changes should be made to your earnings release. David Barta FirstName LastNameDavid Barta Exterran Corp Comapany21, December NameExterran 2020 Corp December Page 2 21, 2020 Page 2 FirstName LastName Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations Summary of Results Results by Business Segment, page 31 2. We note you exclude depreciation and amortization expense from your segment gross margins and gross margin percentages. Please retitle the heading to clearly identify these measures as segment gross margin. In addition, if you continue to present a total for the three segments here, retitle it to avoid confusion with the GAAP measure of gross margin. Similar changes should be made to your earnings release. Form 10-Q for the Fiscal Quarter Ended September 30, 2020 Notes to Unaudited Condensed Consolidated Financial Statements Note 3. Discontinued Operations, page 11 3. You disclose the closing of the sale of your U.S. compression products business on November 2, 2020. Please explain to us your consideration of disclosing the terms of this transaction as a material subsequent event. Refer to ASC 855-10-50. We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. You may contact Robert Shapiro at 202-551-3273 or Stephen Kim at 202-551-3291 if you have questions regarding comments on the financial statements and related matters. Sincerely, Division of Corporation Finance Office of Trade & Services