3 unchanged sentences
The extent of the impact of the COVID-19 outbreak on our operational and financial performance will significantly depend on certain developments, including the duration and spread of the outbreak and its continued impact on customer activity and third-party providers.
−Removed: The direct impact to our operations began to take affect at the close of the first quarter ended March 31, 2020, and has continued through September 30, 2021, however the extent to which the COVID-19 outbreak may further affect our financial condition or results of operations is uncertain.
+Added: The direct impact to our operations began to take affect at the close of the first quarter ended March 31, 2020, and has continued through March 31, 2022, however the extent to which the COVID-19 outbreak may further affect our financial condition or results of operations is uncertain.
For more information, please see “Item 2.
3 unchanged sentences
For a complete discussion of our interest rate risk, see our Annual Report.
−Removed: As of September 30, 2021, we had $29.7 million outstanding under our Revolving Credit Facility, with a weighted average interest rate of 6.0%.
−Removed: As of September 30, 2021, the aggregate principal balance outstanding under the M&E Term Loan was $12.5 million, with an interest rate of 9.0%.
+Added: As of March 31, 2022, we had $44.8 million outstanding under our Revolving Credit Facility, with a weighted average interest rate of 6.0%.
+Added: As of March 31, 2022, the aggregate principal balance outstanding under the M&E Term Loan was $12.3 million, with a weighted average interest rate of 9.0%.
A hypothetical 1.0% increase or decrease in the weighted average interest rate would increase or decrease interest expense by approximately $0.7 million per year.
1 unchanged sentence
The majority of our trade receivables have payment terms of 30 days or less.
−Removed: As of September 30, 2021, the top three trade receivable balances represented approximately 12%, 12%, and 11%, respectively, of consolidated net accounts receivable.
+Added: As of March 31, 2022, the top three trade receivable balances represented approximately 17%, 10%, and 9%, respectively, of consolidated net accounts receivable.
Within our High Specification Rig segment, the top three trade receivable balances represented 19%, 17% and 16%, respectively, of total High Specification Rig net accounts receivable.
−Removed: Within our Completion and Other Services segment, the top three trade receivable balances represented 20%, 17%, and 12%, respectively, of total Completion and Other Services net accounts receivable.
−Removed: Within our Processing Solutions segment, we have one customer with outstanding accounts receivables.
+Added: Within our Wireline Services segment, the top three trade receivable balances represented 21%, 12%, and 9%, respectively, of total Wireline Services net accounts receivable.
+Added: Within our Processing Solutions and Ancillary Services segment, the top three trade receivable balances represented 34%, 10%, and 7%, respectively, of total Processing Solutions and Ancillary Services net accounts receivable.
We mitigate the associated credit risk by performing credit evaluations and monitoring the payment patterns of our customers.
5 unchanged sentences
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.