What Does 20181211155883258325.pdf Do?

3 67. 0 67. 0 65. 7 Usage rate 96% 90% 90% 90% 90% Income days 6,017 5,559 5,475 16,528 16,149 Typical revenues daily $20,658 $19,161 $19,954 $20,183 $19,360 Typical operating expense each day 11,691 11,735 11,740 11,987 11,569 Drilling services margin daily (2) $8,967 $7,426 $8,214 $8,196 $7,791 Production Solutions Department: Incomes $49,948 $- $43,297 $106,602 $- Running expenses 25,025 - 21,916 53,871 - Production services margin (1) $24,923 $- $21,381 $52,731 $- EBITDA (3) $64,747 $33,411 $53,366 $154,318 $109,440 Reconciliation of combined Drilling services margin and Production services margin and EBITDA to net revenues: Drilling services margin $53,955 $41,279 $44,973 $135,472 $125,820 Production services margin 24,923 - 21,381 52,731 - Combined margin 78,878 41,279 66,354 188,203 125,820 General and administrative (12,840) (5,252) (12,150) (32,712) (13,792) Bad financial obligation (expenditure) healing 260 (2,627) 92 216 (2,627) Other earnings (expenditure) (1,551) 11 (930) (1,389) 39 EBITDA 64,747 33,411 53,366 154,318 109,440 Devaluation and amortization (24,225) (16,093) (20,580) (61,924) (46,927) Interest earnings (expenditure), internet (3,568) 717 (4,060) (8,617) 2,459 Income tax cost (12,760) (6,255) (9,609) (28,619) (22,886) Net incomes $24,194 $11,780 $19,117 $55,158 $42,086 (1) Drilling services margin represents contract drilling earnings less agreement drilling operating expenses.

Leader thinks that Drilling services margin and Production services margin work steps for examining financial efficiency, although they are not steps of financial efficiency under GAAP. However, Drilling Key Reference and Production services margin prevail procedures of operating efficiency utilized by financiers, monetary experts, ranking firms and Pioneer's management.

Drilling services margin and production services margin as provided may not be equivalent to other similarity entitled procedures reported by other companies. (2) Drilling services margin per earnings day represents the Drilling Solutions Department's average profits per income day less average operating expense per revenue day. (3) We specify EBITDA as incomes prior to interest income (expenditure), taxes, devaluation and amortization.