XML 91 R9.htm IDEA: XBRL DOCUMENT v3.20.1
Revenue
12 Months Ended
Dec. 31, 2019
Revenue  
Revenue

2. Revenue

Total revenue under contracts recognized under Topic 606 was $261.3 million for the year ended December 31, 2019, while $59.8 million was specialty rental income subject to the guidance of ASC 840 for the year ended December 31, 2019.

 

The following table disaggregates our revenue by our three reportable segments as well as the All Other category: Permian Basin, Bakken Basin, Government, and All Other for the years indicated below:    

 

 

 

 

 

 

 

 

 

 

 

 

For the Years ended December 31,

 

    

2019

    

2018

    

2017

Permian Basin

 

 

 

 

 

 

 

 

 

Services income

 

$

193,852

 

$

107,997

 

$

32,578

Construction fee income

 

 

2,705

 

 

 -

 

 

 -

Total Permian Basin revenues

 

 

196,557

 

 

107,997

 

 

32,578

 

 

 

 

 

 

 

 

 

 

Bakken Basin

 

 

 

 

 

 

 

 

 

Services income

 

$

20,621

 

$

25,813

 

$

22,351

Total Bakken Basin revenues

 

 

20,621

 

 

25,813

 

 

22,351

 

 

 

 

 

 

 

 

 

 

Government

 

 

 

 

 

 

 

 

 

Services income

 

$

25,071

 

$

25,536

 

$

16,770

Total Government revenues

 

 

25,071

 

 

25,536

 

 

16,770

 

 

 

 

 

 

 

 

 

 

All Other

 

 

 

 

 

 

 

 

 

Services income

 

$

3,273

 

$

4,310

 

$

1,799

Construction fee income

 

 

15,748

 

 

23,209

 

 

1,924

Total All Other revenues

 

 

19,021

 

 

27,519

 

 

3,723

 

 

 

 

 

 

 

 

 

 

Total revenues

 

$

261,270

 

$

186,865

 

$

75,422

 

Contract Assets and Liabilities

We do not have any contract assets and we did not recognize any impairments of any contract assets or liabilities.

 

Contract liabilities under Topic 606 primarily consist of deferred revenue that represent room nights that the customer has not used and may use in the future.

 

 

 

 

 

 

 

 

 

 

 

 

Years Ended December 31,  

 

    

2019

    

2018

    

2017

Balances at Beginning of Year

 

$

37,376

 

$

57,747

 

$

73,035

Additions to deferred revenue

 

 

8,652

 

 

4,092

 

 

1,839

Revenue recognized

 

 

(19,829)

 

 

(24,463)

 

 

(17,127)

Balances at End of Year

 

$

26,199

 

$

37,376

 

$

57,747

 

As of December 31, 2019, for contracts greater than one year, the following table discloses the estimated revenues related to performance obligations that are unsatisfied (or partially unsatisfied) and when we expect to recognize the revenue,  and only represents revenue expected to be recognized from contracts where the price and quantity of the product or service are fixed (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Years ended December 31,

 

    

2020

    

2021

    

2022

    

Thereafter

    

Total

Revenue expected to be recognized as of December 31, 2019

 

$

32,335

 

$

23,413

 

$

2,999

 

$

 -

 

$

58,747

 

The Company applied some of the practical expedients in Topic 606 and does not disclose consideration for remaining performance obligations with an original expected duration of one year or less or for variable consideration related to unsatisfied (or partially unsatisfied) performance obligations.  Due to the application of these practical expedients, the table above represents only a portion of the Company’s expected future consolidated revenues and it is not necessarily indicative of the expected trend in total revenues.