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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenue        
Total revenue $ 335,903 $ 161,117 $ 630,672 $ 304,859
Costs of revenue        
Depreciation and amortization 29,253 21,018 55,753 42,668
Total costs of revenue 300,241 162,754 570,328 310,893
Gross profit (loss) 35,662 (1,637) 60,344 (6,034)
Operating expenses        
Selling, general and administrative 26,695 15,890 55,010 35,784
Depreciation and amortization 526 624 1,093 1,273
Lease abandonment costs 162 222 253 326
Total operating expenses 27,383 16,736 56,356 37,383
Income (loss) from operations 8,279 (18,373) 3,988 (43,417)
Other income (expense)        
Gain (loss) on sales of property and equipment and divestitures, net 731 (1,657) 2,384 (2,236)
Interest expense, net (494) (400) (1,214) (835)
Foreign currency (loss) gain, net (6) 4 (3) 7
Bargain purchase gain 5,607   17,041  
Other 875 895 1,124 (734)
Income (loss) before income tax (expense) benefit 14,992 (19,531) 23,320 (47,215)
Income tax (expense) benefit (182) (84) (396) 179
Equity in losses of unconsolidated entities (229)   (358)  
Net income (loss) 14,581 (19,615) 22,566 (47,036)
Less: net (income) loss attributable to noncontrolling interests (2,078) 3,048 (3,261) 7,362
Net income (loss) attributable to Select Energy Services, Inc. 12,503 (16,567) 19,305 (39,674)
Water Services        
Revenue        
Total revenue 195,996 76,651 359,602 140,874
Costs of revenue        
Costs of revenue 158,060 70,745 295,106 133,069
Water Infrastructure        
Revenue        
Total revenue 60,284 33,326 118,838 71,129
Costs of revenue        
Costs of revenue 44,939 26,237 89,317 52,636
Oilfield Chemicals        
Revenue        
Total revenue 79,623 51,140 152,232 92,856
Costs of revenue        
Costs of revenue 67,988 44,754 130,151 82,520
Other        
Costs of revenue        
Costs of revenue 1   1  
Class A Common Stock        
Other income (expense)        
Net income (loss) attributable to Select Energy Services, Inc. $ 12,503 $ (16,567) $ 19,305 $ (39,674)
Net income (loss) per share attributable to common stockholders (Note 15):        
Basic $ 0.13 $ (0.19) $ 0.21 $ (0.47)
Diluted $ 0.13 $ (0.19) $ 0.20 $ (0.47)