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ACQUISITION (Tables)
9 Months Ended
Sep. 30, 2017
Schedule of unaudited consolidated pro forma information

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pro Forma

 

Pro Forma

 

 

Three Months Ended September 30, 

 

Nine Months Ended September 30, 

 

    

2017

    

2016

    

2017

    

2016

 

 

(unaudited)

 

(unaudited)

 

 

(in thousands)

 

(in thousands)

Revenue

 

$

156,045

 

$

82,824

 

$

400,948

 

$

237,644

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

3,195

 

$

(34,344)

 

$

(17,951)

 

$

(289,130)

Less: net (income) loss attributable to noncontrolling interests 1

 

 

(1,706)

 

 

19,284

 

 

11,682

 

 

163,044

Net income (loss) attributable to Select Energy Services, Inc. 1

 

$

1,489

 

$

(15,060)

 

$

(6,269)

 

$

(126,086)

 

1 The allocation of net loss attributable to noncontrolling interests and Select Energy Services gives effect to the equity structure as of September 30, 2017 as though the 144A Offering, the IPO, the Resource Water Acquisition, the GRR Acquisition and other equity transactions occurred as of January 1, 2016. However, the calculation of pro forma net loss does not give effect to any other pro forma adjustments for the 144A Offering or the subsequent IPO.

GRR Acquisition  
Schedule Of consideration transferred and the estimated fair value of identified assets acquired and liabilities

 

 

 

 

Preliminary purchase price allocation

    

Amount

Consideration  transferred

 

(in thousand)

Cash paid

 

$

6,692

Class A common stock issued

 

 

2,380

Total consideration transferred

 

 

9,072

Less: identified assets

 

 

  

Working capital

 

 

1,396

Fixed assets

 

 

3,485

Customer relationship intangible assets

 

 

1,912

Other intangible assets

 

 

466

Total identified assets

 

 

7,259

Goodwill

 

$

1,813

 

Resource Water Acquisition  
Schedule Of consideration transferred and the estimated fair value of identified assets acquired and liabilities

 

 

 

 

Preliminary purchase price allocation

    

Amount

Consideration  transferred

 

(in thousand)

Cash paid

 

$

51,303

Class A common stock issued

 

 

5,500

Total consideration transferred

 

 

56,803

Less: identified assets

 

 

  

Working capital

 

 

6,000

Fixed assets

 

 

13,225

Customer relationship intangible assets

 

 

21,392

Other intangible assets

 

 

5,150

Total identified assets

 

 

45,767

Goodwill

 

$

11,036