Solaris Oilfield Infrastructure, Inc.SOI
| Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 |
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Net income (loss) | 22 | 86 | 90 | -51 | -1 | 34 | 39 |
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Depreciation and amortization | - | - | - | - | 27 | 30 | 36 |
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Asset Impairment Charges | - | - | - | 48 | - | - | 1 |
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Loss on disposal of asset | -0 | -0 | -0 | -1 | -0 | -4 | -1 |
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Stock-based compensation | 4 | 4 | 4 | 5 | 5 | 6 | 8 |
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Amortization of debt issuance costs | 0 | 0 | 1 | 0 | 0 | 0 | 0 |
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Allowance for credit losses | - | - | - | 3 | 0 | -0 | 1 |
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Deferred income tax expense | 26 | 12 | 16 | -9 | 0 | 8 | 7 |
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Change in payables related to parties pursuant to Tax Receivable Agreement | 23 | - | - | - | - | 1 | - |
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Other | 0 | -1 | 0 | 0 | 0 | 0 | 1 |
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Accounts receivable | 8 | 27 | -1 | -17 | 15 | 35 | -17 |
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Accounts receivable - related party | - | - | - | - | - | 1 | -3 |
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Prepaid expenses and other assets | 3 | 1 | -2 | -2 | 7 | -6 | -2 |
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Inventories | 8 | 10 | 3 | 0 | 1 | 5 | 6 |
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Accounts payable | 4 | 4 | -4 | 3 | 3 | 13 | -11 |
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Accrued liabilities | 6 | 3 | 4 | -2 | 5 | 5 | -6 |
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Real Estate Tax Expense | - | - | - | - | - | 3 | - |
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Payments pursuant to tax receivable agreement | - | - | - | - | - | - | -1 |
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Net cash provided by operating activities | 27 | 116 | 115 | 44 | 16 | 68 | 90 |
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Investment in property, plant and equipment | 94 | 161 | 35 | 5 | 20 | 81 | 64 |
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Cash received from insurance proceeds | - | 1 | 1 | 0 | 0 | 1 | 0 |
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Proceeds from disposal of assets | - | - | 0 | 1 | 0 | 0 | 2 |
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Net cash used in investing activities | -99 | -161 | -34 | -4 | -20 | -80 | -62 |
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Distribution to unitholders (includes distribution of $6.2 million at $0.45/unit, $5.8 million at $0.42/unit and $5.8 million at $0.42/unit, respectively) | 26 | 5 | 19 | 19 | 19 | 20 | 7 |
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Share and unit repurchases and retirements | - | - | 3 | 27 | - | - | 26 |
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Share and unit repurchases and retirements | - | - | 3 | 27 | - | - | 26 |
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Distribution to unitholders (includes distribution of $6.2 million at $0.45/unit, $5.8 million at $0.42/unit and $5.8 million at $0.42/unit, respectively) | 26 | 5 | 19 | 19 | 19 | 20 | 7 |
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Payments under finance leases | - | - | 0 | 0 | 0 | 2 | 3 |
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Dividend paid to Class A common stock shareholders | - | - | - | - | - | - | 14 |
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Payments under insurance premium financing | - | 1 | 2 | - | 1 | 1 | 2 |
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Payments under finance leases | - | - | 0 | 0 | 0 | 2 | 3 |
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Proceeds from stock option exercises | - | 1 | 0 | 0 | 0 | 0 | - |
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Payments under insurance premium financing | - | 1 | 2 | - | 1 | 1 | 2 |
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Cancelled shares withheld for taxes from RSU vesting | - | - | - | 0 | 1 | 1 | 1 |
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Proceeds from stock option exercises | - | 1 | 0 | 0 | 0 | 0 | - |
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Payments related to purchase of treasury stock | - | - | - | 0 | - | - | - |
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Cancelled shares withheld for taxes from RSU vesting | - | - | - | 0 | 1 | 1 | 1 |
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Borrowings under the credit agreement | 3 | 13 | - | - | - | 11 | 35 |
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Repayment of credit agreement | 6 | - | 13 | - | - | 3 | 13 |
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Payments related to debt issuance costs | 0 | 1 | 0 | - | - | 0 | 0 |
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Distribution to Solaris LLC unitholder for income tax withholding | - | - | - | 0 | 0 | - | - |
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Net cash used in financing activities | 132 | 6 | -39 | -47 | -21 | -16 | -31 |
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Net decrease in cash and cash equivalents | - | -38 | 42 | -7 | -24 | -28 | -3 |
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Employee retention credit | - | - | - | - | 2 | - | - |
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Capitalized depreciation in property, plant and equipment | 1 | 1 | 1 | 1 | 3 | 1 | 0 |
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Capitalized stock based compensation | - | - | - | 0 | 0 | 0 | 1 |
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Capital Expenditures Incurred but Not yet Paid | 8 | 4 | 0 | 0 | 0 | 3 | 1 |
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Property, plant and equipment additions transferred from inventory | - | - | 6 | 0 | 1 | 2 | 5 |
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Additions to fixed assets through finance leases | - | - | - | - | - | 7 | 2 |
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Insurance premium financing | - | 2 | 2 | - | 0 | 2 | 2 |
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Interest | 0 | 0 | 0 | 0 | 0 | 0 | 3 |
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Income Taxes | 0 | 0 | 1 | 1 | 0 | 0 | 0 |
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