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The Company operates in three main industry segments, which are substantially in one geographic segment. These segments are Contract Drilling Services, which includes the contracting of drilling equipment and the provision of labour required to operate the equipment, Rentals and Transportation Services, which includes the rental and transportation of equipment used in drilling, completion and production operations and Gas Compression Services, which includes the fabrication, sale, rental and servicing of natural gas compression and process equipment.
As at and for the three months ended December 31, 2012 (unaudited) Contract Rentals and Gas Drilling Transportation Compression Services Services Services Other(1) Total--------------------------------------------------------------------------------------------------------------------------------------------------------Revenue $ 12,773 $ 31,725 $ 33,906 $ - $ 78,404Cost of services 7,362 15,121 26,999 3 49,485Selling, general and administration 770 3,619 1,809 611 6,809Share-based compensation - - - 1,042 1,042Depreciation 1,241 3,861 1,046 114 6,262----------------------------------------------------------------------------Results from operating activities 3,400 9,124 4,052 (1,770) 14,806Gain on sale of property, plant and equipment 15 325 335 - 675Finance income - - 80 168 248Finance costs (253) (579) (178) (479) (1,489)----------------------------------------------------------------------------Net income before income taxes 3,162 8,870 4,289 (2,081) 14,240Goodwill - 2,514 1,539 - 4,053Total assets 100,758 225,655 102,565 47,613 476,591Total Liabilities 20,220 44,170 23,020 83,112 170,522Capital expenditures $ 5,495 $ 11,361 $ 1,574 $ 10,644 $ 29,074--------------------------------------------------------------------------------------------------------------------------------------------------------As at and for the three months ended December 31, 2011 (unaudited) Contract Rentals and Gas Drilling Transportation Compression Services Services Services Other(1) Total--------------------------------------------------------------------------------------------------------------------------------------------------------Revenue $ 18,066 $ 45,858 $ 33,012 $ - $ 96,936Cost of services 8,559 16,332 26,984 - 51,875Selling, general and administration 1,030 4,129 1,644 989 7,792Share-based compensation - - - 314 314Depreciation 1,379 3,475 881 14 5,749----------------------------------------------------------------------------Results from operating activities 7,098 21,922 3,503 (1,317) 31,206Gain on sale of property, plant and equipment 21 1,629 3 - 1,653Finance Income - - - 76 76Finance costs (253) (591) (152) (438) (1,434)----------------------------------------------------------------------------Net income before income taxes 6,866 22,960 3,354 (1,679) 31,501Goodwill - 2,514 1,539 - 4,053Total assets 91,122 227,728 82,160 33,607 434,617Total Liabilities 19,370 54,318 19,383 66,225 159,296Capital expenditures $ 5,107 $ 16,473 $ 2,542 $ 178 $ 24,300--------------------------------------------------------------------------------------------------------------------------------------------------------As at and for the year ended December 31, 2012 (audited) Contract Rentals and GasAs at and for the year ended Drilling Transportation CompressionDecember 31, 2012 Services Services Services Other(1) Total--------------------------------------------------------------------------------------------------------------------------------------------------------Revenue $ 52,669 $ 133,729 $ 121,304 - $ 307,702Cost of services 29,685 58,005 99,621 - 187,311Selling, general and administration 3,326 14,579 6,310 4,188 28,403Share-based compensation - - - 3,065 3,065Depreciation 4,845 14,814 3,900 143 23,702----------------------------------------------------------------------------Results from operating activities 14,813 46,331 11,473 (7,396) 65,221Gain on sale of property, plant and equipment 80 734 1,339 - 2,153Finance income - - 272 606 878Finance costs (1,013) (2,319) (632) (1,833) (5,797)----------------------------------------------------------------------------Net income before income taxes 13,880 44,746 12,452 (8,623) 62,455----------------------------------------------------------------------------Goodwill - 2,514 1,539 - 4,053Total assets 100,758 225,655 102,565 47,613 476,591Total liabilities 20,220 44,170 23,020 83,112 170,522--------------------------------------------------------------------------------------------------------------------------------------------------------Capital expenditures $ 17,928 $ 42,907 $ 16,046 $ 12,484 $ 89,365--------------------------------------------------------------------------------------------------------------------------------------------------------As at and for the year ended December 31, 2011 (audited) Contract Rentals and GasAs at and for the year ended Drilling Transportation CompressionDecember 31, 2011 Services Services Services Other(1) Total--------------------------------------------------------------------------------------------------------------------------------------------------------Revenue $ 59,436 $ 159,820 $ 112,826 $ - $ 332,082Cost of services 31,311 56,525 94,395 - 182,231Selling, general and administration 3,324 15,923 5,642 4,070 28,959Share-based compensation - - - 1,360 1,360Depreciation 5,424 14,570 3,253 52 23,299----------------------------------------------------------------------------Results from operating activities 19,377 72,802 9,536 (5,482) 96,233Gain on sale of property, plant and equipment 28 1,900 574 - 2,502Finance income - - - 161 161Finance costs (973) (2,367) (584) (1,517) (5,441)----------------------------------------------------------------------------Net income before income taxes 18,432 72,335 9,526 (6,838) 93,455----------------------------------------------------------------------------Goodwill - 2,514 1,539 - 4,053Total assets 91,122 227,728 82,160 33,607 434,617Total liabilities 19,370 54,318 19,383 66,225 159,296----------------------------------------------------------------------------Capital expenditures $ 14,075 $ 32,933 $ 8,409 $ 230 $ 55,647--------------------------------------------------------------------------------------------------------------------------------------------------------
