Add
BJS to Portfolio
Set Alert
Email to a
Friend
| |||
|
|
Quotes & Info
|
| BJS > SEC Filings for BJS > Form 8-K on 5-Mar-2009 | All Recent SEC Filings |
5-Mar-2009
Other Events
BJ Services Company (the "Company") currently has thirteen operating segments for which separate financial information is available and that have separate management teams that are engaged in oilfield services. The results for these operating segments are evaluated regularly by the chief operating decision maker in deciding how to allocate resources and assessing performance. The operating segments have been aggregated into four reportable segments: U.S./Mexico Pressure Pumping, Canada Pressure Pumping, International Pressure Pumping and the Oilfield Services Group. We revised our internal reporting structure in fiscal 2009, moving our U.S. service tool business, which previously had been reported within the U.S./Mexico Pressure Pumping segment, into the completion tools division of our Oilfield Services Group. All periods presented have been recast to conform to the new reporting structure. Due to the immaterial impact of this recast, the Company has not included a revised Business section or Management's Discussion and Analysis of Financial Condition and Results of Operations with this filing.
Summarized financial information concerning our segments for each of the three years in the period ended September 30, 2008 and for the quarterly periods of fiscal year 2008 is shown in the following tables (in thousands). The "Corporate" column includes corporate expenses and assets not allocated to the operating segments. For the years ended September 30, 2008, 2007 and 2006, we provided services to several thousand customers, none of which accounted for more than 5% of consolidated revenue.
U.S./Mexico Canada International Oilfield
Pressure Pressure Pressure Services
Business Segments Pumping Pumping Pumping Group Corporate Total
2008
Revenue $ 2,743,383 $ 442,474 $ 1,252,573 $ 987,832 $ - $ 5,426,262
Operating income (loss) 597,837 34,341 172,519 191,670 (89,270 ) 907,097
Total assets 1,728,751 515,600 1,482,655 1,076,894 518,008 5,321,908
Capital expenditures 267,476 20,163 195,854 82,951 40,422 606,866
Depreciation 115,774 34,797 68,700 35,490 10,705 265,466
2007
Revenue $ 2,534,601 $ 386,547 $ 1,074,744 $ 806,517 $ - $ 4,802,409
Operating income (loss) 874,808 32,493 152,734 170,362 (79,858 ) 1,150,539
Total assets 1,487,260 550,449 1,339,312 997,983 340,208 4,715,212
Capital expenditures 288,037 83,643 210,684 84,037 85,712 752,113
Depreciation 88,410 29,327 55,111 29,112 7,059 209,019
2006
Revenue $ 2,326,803 $ 481,380 $ 884,670 $ 675,011 $ - $ 4,367,864
Operating income (loss) 890,650 102,094 138,069 140,983 (100,060 ) 1,171,736
Total assets 1,279,138 471,362 1,022,265 722,823 366,700 3,862,288
Capital expenditures 201,323 106,352 87,822 43,599 20,878 459,974
Depreciation 64,394 24,025 49,119 23,905 5,320 166,763
|
--------------------------------------------------------------------------------
U.S./Mexico Canada International Oilfield
Pressure Pressure Pressure Services
Pumping Pumping Pumping Group Corporate Total
Three Months Ended
September 30, 2008
Revenue $ 755,240 $ 133,702 $ 355,019 $ 285,806 $ - $ 1,529,767
Operating income (loss) 147,942 19,463 56,645 58,735 (21,655 ) 261,130
Identifiable assets 1,728,751 515,600 1,482,655 1,076,894 518,008 5,321,908
Three Months Ended June 30,
2008
Revenue $ 698,131 $ 48,636 $ 316,922 $ 264,539 $ - $ 1,328,228
Operating income (loss) 144,677 (16,595 ) 45,235 51,813 (18,272 ) 206,858
Identifiable assets 1,662,129 482,768 1,400,952 1,060,957 456,482 5,063,288
Three Months Ended March 31,
2008
Revenue $ 635,870 $ 138,790 $ 292,120 $ 216,422 $ - $ 1,283,202
Operating income (loss) 125,130 14,481 34,714 39,155 (26,952 ) 186,528
Identifiable assets 1,619,231 535,962 1,377,151 961,710 436,767 4,930,821
Three Months Ended
December 31, 2007
Revenue $ 654,142 $ 121,346 $ 288,512 $ 221,065 $ - $ 1,285,065
Operating income (loss) 180,088 16,992 35,925 41,967 (22,391 ) 252,581
Identifiable assets 1,589,266 546,694 1,359,646 937,127 398,803 4,831,536
|
The accounting policies of the segments are the same as those described in the summary of significant accounting policies in Note 2 of the Notes to the Consolidated Financial Statements included in our annual report on Form 10-K for the fiscal year ended September 30, 2008. Operating segment performance is evaluated based on operating income. Intersegment sales and transfers are not material.
|
|