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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenue:        
Revenue $ 88,362 $ 537,322 $ 560,706 $ 1,066,153
Revenue—related parties 0 4,825 0 11,142
Total revenue 88,362 542,147 560,706 1,077,295
Operating costs and expenses:        
Cost of services (exclusive of depreciation and amortization shown separately below) 89,518 426,444 482,234 855,743
General and administrative 18,064 23,989 46,677 46,077
Severance and related costs 9,057 0 9,057 0
Depreciation and amortization 44,931 40,368 89,762 78,755
Loss on disposal of assets 334 143 232 1,366
Total operating costs and expenses 161,904 490,944 627,962 981,941
Operating (loss) income (73,542) 51,203 (67,256) 95,354
Other (income) expense:        
Interest income (24) (298) (287) (463)
Interest income—related party (45) (706) (232) (706)
Interest expense 3,725 4,601 7,783 8,948
Total interest expense 3,656 3,597 7,264 7,779
Net (loss) income before income taxes (77,198) 47,606 (74,520) 87,575
Income tax (benefit) expense (11,363) 7,083 (11,102) 13,143
Net (loss) income (65,835) 40,523 (63,418) 74,432
Less: Net (loss) income attributable to non-controlling interests (20,064) 18,491 (19,367) 34,279
Net (loss) income attributable to Liberty Oilfield Services Inc. stockholders $ (45,771) $ 22,032 $ (44,051) $ 40,153
Net (loss) income attributable to Liberty Oilfield Services Inc. stockholders per common share:        
Basic (in dollars per share) $ (0.55) $ 0.32 $ (0.53) $ 0.59
Diluted (in dollars per share) $ (0.55) $ 0.32 $ (0.53) $ 0.58
Weighted average common shares outstanding:        
Basic (in shares) 83,292 68,404 82,472 67,918
Diluted (in shares) 83,292 114,338 82,472 114,277