3 unchanged sentences
Our common stock is traded on the New York Stock Exchange under the symbol “PUMP”.
−Removed: As of December 31, 2020, there were 100,912,777 shares of common stock outstanding, held of record by nine holders.
+Added: As of December 31, 2021, there were 103,437,177 shares of common stock outstanding, held of record by six holders.
The number of record holders of our common stock does not include Depository Trust Company participants or beneficial owners holding shares through nominee names.
8 unchanged sentences
Subsequent measurement points are the last trading days of each quarter.
−Removed: We did not provide a five-year graph because we became a publicly traded company in March of 2017.
The total cumulative dollar returns shown on the graph represent the value that such investments would have had on the last trading date of 2021.
19 unchanged sentences
12/31/2020 $ 23.8 $ 150.1 $ 51.0
−Removed: Selected Historical Financial Data.
−Removed: The following table presents the available selected historical financial data of ProPetro Holding Corp.
−Removed: for the years indicated.
−Removed: There were no factors that materially affect the comparability of the information in the selected historical financial data presented, except for the following;
−Removed: • the impact of the decrease in demand for pressure pumping services following the depressed crude oil prices and the economic slowdown caused by the COVID-19 pandemic that negatively impacted E&P completions activity during the year ended December 31, 2020;
−Removed: • the purchase of certain pressure pumping assets (510,000 HHP) and real property from Pioneer and Pioneer Pressure Pumping Services, LLC, consummated on December 31, 2018 (the “Pioneer Pressure Pumping Acquisition”) that resulted in increased revenue and profitability in 2019;
−Removed: • the growth and utilization of our pressure pumping active fleet size over the years presented, that has impacted our revenues and profitability.
−Removed: The selected historical consolidated financial and operating data presented below should be read in conjunction with “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and our consolidated financial statements and the related notes and other financial data included elsewhere in this Annual Report on Form 10-K.
−Removed: (In thousands, except for per share data)
−Removed: Year Ended December 31,
3/31/2021 $ 29.5 $ 169.2 $ 73.5
−Removed: Statement of Operations Data:
−Removed: Pressure pumping
6/30/2021 $ 35.4 $ 176.5 $ 63.2
9/30/2021 $ 31.9 $ 168.8 $ 59.7
−Removed: Total revenue
12/31/2021 $ 27.5 $ 172.4 $ 55.9
−Removed: Costs and Expenses:
−Removed: Cost of services (1)
−Removed: 584,279 1,470,356 1,270,577 813,823 404,140
−Removed: General and administrative (2)
−Removed: 86,768 105,076 53,958 49,215 26,613
−Removed: Depreciation and amortization
−Removed: 153,290 145,304 88,138 55,628 43,542
−Removed: Impairment expense
−Removed: 38,002 3,405 — — 7,482
−Removed: Loss on disposal of assets
−Removed: 58,136 106,811 59,220 39,086 22,529
−Removed: Total costs and expenses
−Removed: 920,475 1,830,952 1,471,893 957,752 504,306
−Removed: Operating (Loss) Income (131,243) 221,362 232,669 24,113 (67,386)
−Removed: Other Income (Expense):
−Removed: Interest expense
−Removed: (2,383) (7,141) (6,889) (7,347) (20,387)
−Removed: Gain on extinguishment of debt
−Removed: — — — — 6,975
−Removed: Other expense
−Removed: (874) (717) (663) (1,025) (321)
−Removed: Total other income (expense)
−Removed: (3,257) (7,858) (7,552) (8,372) (13,733)
−Removed: Income (loss) before income taxes
−Removed: (134,500) 213,504 225,117 15,741 (81,119)
−Removed: Income tax (expense) benefit
−Removed: 27,480 (50,494) (51,255) (3,128) 27,972
−Removed: Net (loss) income
−Removed: $ (107,020) $ 163,010 $ 173,862 $ 12,613 $ (53,147)
−Removed: Share Information:
−Removed: Net (loss) income per common share:
−Removed: $ (1.06) $ 1.62 $ 2.08 $ 0.17 $ (1.19)
−Removed: $ (1.06) $ 1.57 $ 2.00 $ 0.16 $ (1.19)
−Removed: Weighted average common shares outstanding:
−Removed: 100,829 100,472 83,460 76,371 44,787
−Removed: 100,829 103,750 87,046 79,583 44,787
−Removed: Balance Sheet Data as of:
−Removed: Cash and cash equivalents
−Removed: $ 68,772 $ 149,036 $ 132,700 $ 23,949 $ 133,593
−Removed: Property and equipment — net
−Removed: $ 880,477 $ 1,047,535 $ 912,846 $ 470,910 $ 263,862
−Removed: $ 1,050,739 $ 1,436,111 $ 1,274,522 $ 719,032 $ 541,422
−Removed: Long-term debt — net
−Removed: $ — $ 130,000 $ 70,000 $ 57,178 $ 159,407
−Removed: Total shareholders’ equity
−Removed: $ 870,771 $ 969,305 $ 797,355 $ 413,252 $ 221,009
−Removed: Cash Flow Statement Data:
−Removed: Net cash provided by operating activities
−Removed: $ 139,124 $ 455,290 $ 393,079 $ 109,257 $ 10,659
−Removed: Net cash used in investing activities
−Removed: $ (94,217) $ (495,299) $ (280,604) $ (281,469) $ (41,688)
−Removed: Net cash (used in) provided by financing activities $ (125,171) $ 56,345 $ (3,724) $ 62,565 $ 130,315
−Removed: (1) Exclusive of depreciation and amortization.
−Removed: (2) Inclusive of stock‑based compensation.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.