CJ 2017 Annual Report

Year Ended December 31, 2016 (Predecessor) Completion Services Well Support Services Other Services Corporate / Elimination Total Net loss $ (306,866) $ (373,695) $ (58,757) $ (204,971) $ (944,289) Interest expense, net 706 (145) — 156,904 157,465 Income tax benefit — — — (129,010) (129,010) Depreciation and amortization 141,742 73,600 2,307 (209) 217,440 Other (income) expense, net (453) (3,868) 6,979 (12,162) (9,504) (Gain) loss on disposal of assets (1,856) (3,105) 3,060 4,976 3,075 Impairment expense 105,952 321,687 8,756 — 436,395 Acquisition-related costs 202 — 209 10,123 10,534 Severance, facility closures and other 8,226 4,466 7,558 13,929 34,179 Restructuring costs — — — 30,401 30,401 Reorganization costs — — — 55,330 55,330 Inventory write-down 10,723 516 24,111 — 35,350 Share-based compensation expense acceleration — — — 7,792 7,792 Adjusted EBITDA $ (41,624) $ 19,456 $ (5,777) $ (66,897) $ (94,842) Year Ended December 31, 2015 (Predecessor) Completion Services Well Support Services Other Services Corporate / Elimination Total Net income (loss) $ (883,494) $ (35,313) $ (68,584) $ 114,849 $ (872,542) Interest expense, net 358 (41) — 81,769 82,086 Income tax benefit — — — (299,093) (299,093) Depreciation and amortization 199,921 71,389 5,159 (116) 276,353 Other (income) expense, net 350 4,101 (545) (12,679) (8,773) (Gain) loss on disposal of assets (603) (9) 19 49 (544) Impairment expense 726,678 24,700 40,429 — 791,807 Acquisition-related costs — — 46 42,616 42,662 Severance, facility closures and other 12,368 2,829 813 871 16,881 Inventory write-down 8,620 1,153 21,336 — 31,109 Immaterial accounts payable accrual correction (13,190) — — — (13,190) Adjusted EBITDA $ 51,008 $ 68,809 $ (1,327) $ (71,734) $ 46,756 C&J ENERGY SERVICES, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 116 Note 14 - Quarterly Financial Data (unaudited) Summarized quarterly financial data for the years ended December 31, 2017 and 2016 are presented below (in thousands, except per share amounts).