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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenue:        
Revenue $ 147,495 $ 507,948 $ 708,201 $ 1,574,101
Revenue—related parties 0 7,131 0 18,273
Total revenue 147,495 515,079 708,201 1,592,374
Operating costs and expenses:        
Cost of services (exclusive of depreciation and amortization shown separately below) 139,237 421,007 621,471 1,276,750
General and administrative 18,807 25,302 65,484 71,379
Severance and related costs 1,109 0 10,166 0
Depreciation and amortization 44,496 42,324 134,258 121,079
(Gain) loss on disposal of assets (752) (124) (520) 1,242
Total operating costs and expenses 202,897 488,509 830,859 1,470,450
Operating (loss) income (55,402) 26,570 (122,658) 121,924
Other (income) expense:        
Interest income (10) (95) (297) (558)
Interest income—related party (29) (539) (261) (1,245)
Interest expense 3,634 4,360 11,417 13,308
Total interest expense 3,595 3,726 10,859 11,505
Net (loss) income before income taxes (58,997) 22,844 (133,517) 110,419
Income tax (benefit) expense (9,972) 4,004 (21,074) 17,147
Net (loss) income (49,025) 18,840 (112,443) 93,272
Less: Net (loss) income attributable to non-controlling interests (14,523) 7,842 (33,890) 42,121
Net (loss) income attributable to Liberty Oilfield Services Inc. stockholders $ (34,502) $ 10,998 $ (78,553) $ 51,151
Net (loss) income attributable to Liberty Oilfield Services Inc. stockholders per common share:        
Basic (in dollars per share) $ (0.41) $ 0.15 $ (0.94) $ 0.73
Diluted (in dollars per share) $ (0.41) $ 0.15 $ (0.94) $ 0.71
Weighted average common shares outstanding:        
Basic (in shares) 84,937 74,173 83,299 70,026
Diluted (in shares) 84,937 113,064 83,299 109,006