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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenue        
Total revenue $ 375,072 $ 204,633 $ 1,005,744 $ 509,492
Costs of revenue        
Depreciation and amortization 26,672 22,904 82,425 65,572
Total costs of revenue 316,232 195,648 886,560 506,541
Gross profit 58,840 8,985 119,184 2,951
Operating expenses        
Selling, general and administrative 29,782 22,044 84,792 57,828
Depreciation and amortization 543 562 1,636 1,835
Lease abandonment costs 83 154 336 480
Total operating expenses 30,408 22,760 86,764 60,143
Income (loss) from operations 28,432 (13,775) 32,420 (57,192)
Other income (expense)        
(Loss) gain on sales of property and equipment and divestitures, net (479) 315 1,905 (1,921)
Interest expense, net (616) (419) (1,830) (1,254)
Foreign currency (loss) gain, net (6) (6) (9) 1
Bargain purchase gain (3,273)   13,768  
Other 1,153 (222) 2,277 (956)
Income (loss) before income tax (expense) benefit 25,211 (14,107) 48,531 (61,322)
Income tax (expense) benefit (276) 32 (672) 211
Equity in losses of unconsolidated entities (218) (129) (576) (129)
Net income (loss) 24,717 (14,204) 47,283 (61,240)
Less: net (income) loss attributable to noncontrolling interests (3,393) 2,160 (6,654) 9,522
Net income (loss) attributable to Select Energy Services, Inc. 21,324 (12,044) 40,629 (51,718)
Water Services        
Revenue        
Total revenue 221,243 112,474 580,845 253,348
Costs of revenue        
Costs of revenue 170,845 94,667 465,951 227,736
Water Infrastructure        
Revenue        
Total revenue 74,396 36,787 193,234 107,916
Costs of revenue        
Costs of revenue 54,197 28,494 143,514 81,130
Oilfield Chemicals        
Revenue        
Total revenue 79,433 55,372 231,665 148,228
Costs of revenue        
Costs of revenue 64,519 49,583 194,670 132,103
Other        
Costs of revenue        
Other (1)      
Class A Common Stock        
Other income (expense)        
Net income (loss) attributable to Select Energy Services, Inc. $ 21,324 $ (12,044) $ 40,629 $ (51,718)
Net income (loss) per share attributable to common stockholders (Note 15):        
Basic $ 0.23 $ (0.14) $ 0.44 $ (0.60)
Diluted $ 0.22 $ (0.14) $ 0.43 $ (0.60)