CJ 2017 Annual Report

Successor Quarters Ended March 31, 2017 June 30, 2017 September 30, 2017 December 31, 2017 Revenue $ 314,194 $ 390,143 $ 442,652 $ 491,750 Operating income (loss) (36,408) (13,244) 6,412 27,462 Income (loss) before income taxes (35,537) (15,114) 7,357 25,991 Net income (loss) (32,301) (12,721) 10,484 56,995 Net income (loss) per common share: Basic $ (0.58) $ (0.20) $ 0.17 $ 0.89 Diluted $ (0.58) $ (0.20) $ 0.17 $ 0.88 Predecessor Quarters Ended March 31, 2016 June 30, 2016 September 30, 2016 December 31, 2016 Revenue $ 269,615 $ 225,168 $ 232,537 $ 243,822 Operating loss (500,416) (182,437) (85,553) (101,602) Loss before reorganization items and income taxes (522,560) (302,368) (86,636) (106,405) Net loss (428,412) (291,116) (106,390) (118,371) Net loss per common share: Basic $ (3.65) $ (2.46) $ (0.90) $ (1.00) Diluted $ (3.65) $ (2.46) $ (0.90) $ (1.00) C&J ENERGY SERVICES, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 117 Note 15 - Supplemental Cash Flow Disclosures Listed below are supplemental cash flow disclosures for the year ended December 31, 2017, 2016 and 2015: Successor Predecessor Years Ended December 31, 2017 2016 2015 Cash paid for interest $ (926) $ (19,153) $ (64,950) Cash refunded from income taxes $ 10,561 $ 14,943 $ 13,815 Cash paid for reorganization items $ — $ (24,719) $ — Non-cash investing and financing activity: Change in accrued capital expenditures $ 202 $ (3,182) $ (42,793) Non-cash consideration for business acquisition $ 138,166 $ — $ 735,125