CJ 2017 Annual Report

C&J ENERGY SERVICES, INC. AND SUBSIDIARIES C ONSOLIDATED S TATEMENTS OF C HANGES IN STOCKHOLDERS ’ E QUITY (Amounts in thousands) Common Stock Additional Paid-in Capital Other Comprehensive Loss Retained Earnings (Deficit) Total Number of Shares Amount, at $0.01 par value Balance, December 31, 2014 (Predecessor) 55,333 $ 553 $ 271,104 $ (45) $ 510,240 $ 781,852 Issuance of common shares, net of issuance costs 62,542 625 709,642 — — $ 710,267 Issuance of restricted shares, net of forfeitures 2,613 26 3,006 — — 3,032 Employee tax withholding on restricted shares vesting (222) (2) (2,619) — — (2,621) Issuance of common shares for stock options exercised 154 2 451 — — 453 Tax effect of share-based compensation — — (2,367) — — (2,367) Share-based compensation — — 18,549 — — 18,549 Net income — — — — (872,542) (872,542) Foreign currency translation loss, net of tax — — — (3,980) — (3,980) Balance, December 31, 2015 (Predecessor) 120,420 1,204 997,766 (4,025) (362,302) 632,643 Forfeitures of restricted shares (576) (6) 6 — — — Employee tax withholding on restricted shares vesting (314) (3) (494) — — (497) Tax effect of share-based compensation — — (5,592) — — (5,592) Share-based compensation — — 17,740 — — 17,740 Net loss — — — — (944,289) (944,289) Foreign currency translation gain, net of tax — — — 1,425 — 1,425 Balance, December 31, 2016 (Predecessor) 119,530 1,195 1,009,426 (2,600) (1,306,591) (298,570) Cancellation of Predecessor equity (119,530) (1,195) (1,009,426) 2,600 1,306,591 298,570 Issuance of New Equity and New Warrants 40,000 400 725,464 — — 725,864 Rights Offering 15,464 155 199,845 — — 200,000 Balance January 1, 2017 (Successor) 55,464 555 925,309 — — 925,864 Public offering of common stock, net of offering costs 7,050 71 215,849 — — 215,920 Issuance of stock for business acquisition 4,420 44 138,122 — — 138,166 Issuance of restricted stock, net of forfeitures 1,718 17 (17) — — — Exercise of warrants 2 — — — — — Employee tax withholding on restricted stock vesting (107) (1) (3,841) — — (3,842) Share-based compensation — — 23,437 — — 23,437 Net income — — — — 22,457 22,457 Foreign currency translation loss, net of tax — — — (580) — (580) Balance December, 31, 2017 (Successor) 68,547 $ 686 $ 1,298,859 $ (580) $ 22,457 $ 1,321,422 See accompanying notes to consolidated financial statements 72