2019 Q4 Form 10-Q Financial Statement

#000170968219000060 Filed on November 12, 2019

View on sec.gov

Income Statement

Concept 2019 Q4 2019 Q3 2018 Q4
Revenue $77.25M $62.44M $68.69M
YoY Change 12.46% -2.56%
Cost Of Revenue $55.60M $41.18M
YoY Change -6.13%
Gross Profit $24.29M $21.26M $22.04M
YoY Change 10.21% 5.19%
Gross Profit Margin 31.44% 34.05% 32.08%
Selling, General & Admin $8.000M $9.824M
YoY Change 17.39%
% of Gross Profit 32.94% 46.2%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $20.29M $54.27M
YoY Change
% of Gross Profit 83.54% 255.22%
Operating Expenses $9.500M $15.68M $300.0K
YoY Change 3066.67% 69.02% -50.0%
Operating Profit $11.92M $5.589M $12.10M
YoY Change -1.46% -48.91%
Interest Expense -$17.00M -$16.53M $2.100M
YoY Change -909.52% 16.46%
% of Operating Profit -142.63% -295.81% 17.36%
Other Income/Expense, Net $900.0K -$23.11M
YoY Change 63.24%
Pretax Income -$4.200M -$17.52M $1.800M
YoY Change -333.33% 444.99% -400.0%
Income Tax -$7.300M $494.0K
% Of Pretax Income
Net Earnings $3.105M -$7.022M -$3.406M
YoY Change -191.16% 90.97% 467.67%
Net Earnings / Revenue 4.02% -11.25% -4.96%
Basic Earnings Per Share -$0.45
Diluted Earnings Per Share $63.27K -$0.45 $150.0K
COMMON SHARES
Basic Shares Outstanding 49.03M shares 39.91M shares
Diluted Shares Outstanding 39.91M shares

Balance Sheet

Concept 2019 Q4 2019 Q3 2018 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.300M $200.0K $500.0K
YoY Change 1160.0% 0.0%
Cash & Equivalents $6.302M $201.0K $2.140M
Short-Term Investments
Other Short-Term Assets $5.200M $4.800M $0.00
YoY Change -100.0%
Inventory $33.00M $21.41M $11.44M
Prepaid Expenses
Receivables $71.32M $62.62M $52.56M
Other Receivables $0.00 $0.00
Total Short-Term Assets $115.8M $89.02M $68.62M
YoY Change 68.83% 88918.0% 11336.17%
LONG-TERM ASSETS
Property, Plant & Equipment $6.561M $9.195M $2.763M
YoY Change 137.46%
Goodwill $238.2M $228.7M $228.7M
YoY Change 4.15%
Intangibles $70.55M $70.24M $70.74M
YoY Change -0.27%
Long-Term Investments
YoY Change
Other Assets $299.0M $299.5M
YoY Change -26.44% -25.6%
Total Long-Term Assets $699.4M $650.0M $622.9M
YoY Change 12.28% 59.98% 54.77%
TOTAL ASSETS
Total Short-Term Assets $115.8M $89.02M $68.62M
Total Long-Term Assets $699.4M $650.0M $622.9M
Total Assets $815.3M $739.0M $691.6M
YoY Change 17.89% 81.85% 71.56%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $41.17M $36.18M $20.87M
YoY Change 97.31% 36078.0% 10333.5%
Accrued Expenses $27.59M $5.495M $20.38M
YoY Change 35.36%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.280M $1.280M $2.531M
YoY Change -49.43%
Total Short-Term Liabilities $77.76M $60.72M $53.41M
YoY Change 45.6% 60624.0% 26604.5%
LONG-TERM LIABILITIES
Long-Term Debt $713.0M $655.4M $756.9M
YoY Change -5.79%
Other Long-Term Liabilities $1.709M $2.552M $422.0K
YoY Change 304.98% -81.9% -97.01%
Total Long-Term Liabilities $749.7M $694.1M $796.9M
YoY Change -5.93% 4822.65% 5551.79%
TOTAL LIABILITIES
Total Short-Term Liabilities $77.76M $60.72M $53.41M
Total Long-Term Liabilities $749.7M $694.1M $796.9M
Total Liabilities $827.4M $754.8M $850.3M
YoY Change -2.69% 5215.62% 5846.24%
SHAREHOLDERS EQUITY
Retained Earnings -$444.7M -$447.8M -$417.7M
YoY Change 6.48%
Common Stock $5.000K $5.000K $2.000K
YoY Change 150.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$12.13M -$15.79M -$158.8M
YoY Change
Total Liabilities & Shareholders Equity $815.3M $739.0M $691.6M
YoY Change 17.89% 81.85% 71.56%

Cashflow Statement

Concept 2019 Q4 2019 Q3 2018 Q4
OPERATING ACTIVITIES
Net Income $3.105M -$7.022M -$3.406M
YoY Change -191.16% 90.97% 467.67%
Depreciation, Depletion And Amortization $20.29M $54.27M
YoY Change
Cash From Operating Activities $18.08M $2.040M -$300.0K
YoY Change -6126.67% -651.35% -31.82%
INVESTING ACTIVITIES
Capital Expenditures -$24.79M -$84.92M
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$42.63M $22.66M $750.0K
YoY Change -5784.0%
Cash From Investing Activities -$67.42M -$62.26M $750.0K
YoY Change -9089.33%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 55.44M 58.66M 0.000
YoY Change
NET CHANGE
Cash From Operating Activities 18.08M 2.040M -300.0K
Cash From Investing Activities -67.42M -62.26M 750.0K
Cash From Financing Activities 55.44M 58.66M 0.000
Net Change In Cash 6.100M -1.560M 450.0K
YoY Change 1255.56% 321.62% -202.27%
FREE CASH FLOW
Cash From Operating Activities $18.08M $2.040M -$300.0K
Capital Expenditures -$24.79M -$84.92M
Free Cash Flow $42.87M $86.96M
YoY Change

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OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-388000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
0 USD
CY2019Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-18010000 USD
CY2018Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-3677000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-30545000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-12120000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
800000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
300000 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
0 USD
us-gaap Net Income Loss
NetIncomeLoss
-30157000 USD
us-gaap Net Income Loss
NetIncomeLoss
-12120000 USD
us-gaap Depreciation
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52104000 USD
us-gaap Depreciation
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46678000 USD
us-gaap Amortization Of Intangible Assets
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2172000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2103000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2099000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2721000 USD
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
3472000 USD
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
2563000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
3010000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
13742000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
8544000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2211000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
827000 USD
us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
1721000 USD
us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
0 USD
us-gaap Increase Decrease In Derivative Assets And Liabilities
IncreaseDecreaseInDerivativeAssetsAndLiabilities
-2552000 USD
us-gaap Share Based Compensation
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463000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
850000 USD
us-gaap Payments To Acquire Other Property Plant And Equipment
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7166000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
4792000 USD
us-gaap Increase Decrease In Accounts Payable
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-4403000 USD
us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
3976000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
3930000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
10798000 USD
us-gaap Increase Decrease In Derivative Assets And Liabilities
IncreaseDecreaseInDerivativeAssetsAndLiabilities
0 USD
nsco Gain Loss On Insurance Proceeds
GainLossOnInsuranceProceeds
570000 USD
nsco Gain Loss On Insurance Proceeds
GainLossOnInsuranceProceeds
0 USD
nsco Cost Major Repair Disposal
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1522000 USD
nsco Cost Major Repair Disposal
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1061000 USD
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-4770000 USD
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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-10806000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
1671000 USD
us-gaap Increase Decrease In Contract With Customer Liability
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-4832000 USD
us-gaap Gains Losses On Extinguishment Of Debt
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-4005000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-634000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-3000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-62260000 USD
us-gaap Asset Impairment Charges
AssetImpairmentCharges
657000 USD
us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
816000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
844000 USD
us-gaap Increase Decrease In Accounts Receivable
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13728000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
714000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
5678000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
1593000 USD
us-gaap Payments To Acquire Equipment On Lease
PaymentsToAcquireEquipmentOnLease
77752000 USD
us-gaap Payments To Acquire Equipment On Lease
PaymentsToAcquireEquipmentOnLease
33101000 USD
nsco Proceeds From Sale Of Equipment On Lease
ProceedsFromSaleOfEquipmentOnLease
22608000 USD
nsco Proceeds From Sale Of Equipment On Lease
ProceedsFromSaleOfEquipmentOnLease
32014000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-6653000 USD
us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
475000000 USD
us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
0 USD
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
243000000 USD
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
38000000 USD
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
259000000 USD
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
30000000 USD
us-gaap Repayments Of Medium Term Notes
RepaymentsOfMediumTermNotes
527348000 USD
us-gaap Repayments Of Medium Term Notes
RepaymentsOfMediumTermNotes
1475000 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
3830000 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
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4017000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
15483000 USD
us-gaap Payments Of Financing Costs
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1645000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
59607000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
863000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-1939000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-112000 USD
CY2018Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
848000 USD
us-gaap Interest Paid Net
InterestPaidNet
47861000 USD
us-gaap Interest Paid Net
InterestPaidNet
48542000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
444000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2140000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
960000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
201000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
784000 USD
nsco Proceeds From Merger And Recapitalization
ProceedsFromMergerAndRecapitalization
147268000 USD
nsco Proceeds From Merger And Recapitalization
ProceedsFromMergerAndRecapitalization
0 USD
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
-165264000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
-5423000 USD
CY2019Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
52000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-476000 USD
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
-171111000 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
-10988000 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
-7022000 USD
CY2019Q3 nsco Stock Issued During Period Value Reverse Capitalization
StockIssuedDuringPeriodValueReverseCapitalization
172269000 USD
CY2019Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
283000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
347000 USD
nsco Transfer Of Parts Inventory To Lease Equipment
TransferOfPartsInventoryToLeaseEquipment
3767000 USD
nsco Transfer Of Parts Inventory To Lease Equipment
TransferOfPartsInventoryToLeaseEquipment
3936000 USD
nsco Rental Equipment Expenditures Incurred But Not Yet Paid
RentalEquipmentExpendituresIncurredButNotYetPaid
21227000 USD
nsco Rental Equipment Expenditures Incurred But Not Yet Paid
RentalEquipmentExpendituresIncurredButNotYetPaid
11282000 USD
nsco Rental Equipment Sales In Accounts Receivable
RentalEquipmentSalesInAccountsReceivable
169000 USD
nsco Rental Equipment Sales In Accounts Receivable
RentalEquipmentSalesInAccountsReceivable
1291000 USD
nsco Insurance Recoveries Accrued In Accounts Receivable
InsuranceRecoveriesAccruedInAccountsReceivable
189000 USD
nsco Insurance Recoveries Accrued In Accounts Receivable
InsuranceRecoveriesAccruedInAccountsReceivable
0 USD
us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
0 USD
us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
6694000 USD
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
0 USD
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
3546000 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
-158756000 USD
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
-6724000 USD
CY2019Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
128000 USD
CY2019Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
88000 USD
CY2019Q3 us-gaap Stockholders Equity
StockholdersEquity
-15785000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
-143964000 USD
CY2018Q1 us-gaap Net Income Loss
NetIncomeLoss
-3034000 USD
CY2018Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
290000 USD
CY2018Q1 us-gaap Stockholders Equity
StockholdersEquity
-146708000 USD
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
-5409000 USD
CY2018Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
280000 USD
CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
-151837000 USD
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
-3677000 USD
CY2018Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
280000 USD
CY2018Q3 us-gaap Stockholders Equity
StockholdersEquity
-155234000 USD
nsco Number Of Network Locations In Which The Entity Operates
NumberOfNetworkLocationsInWhichTheEntityOperates
50 location
CY2019Q3 us-gaap Property Subject To Or Available For Operating Lease Gross
PropertySubjectToOrAvailableForOperatingLeaseGross
603506000 USD
CY2019Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
49033903 shares
us-gaap Use Of Estimates
UseOfEstimates
<div style="line-height:120%;padding-bottom:10px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">These consolidated financial statements are prepared in conformity with accounting principles generally accepted in the United States, and accordingly, include amounts that require management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and in the notes thereto. Significant items subject to such estimates and assumptions include, but are not limited to, the useful lives and salvage values of our rental equipment. Actual results may differ from these estimates and assumptions.</span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In the opinion of management, these financial statements reflect all normal recurring adjustments necessary for a fair presentation of the interim period results. These consolidated financial statements and notes should be read in conjunction with the audited consolidated financial statements and notes thereto for the year ended </span><span style="font-family:inherit;font-size:10pt;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;">.</span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div>
CY2019Q3 us-gaap Capital Lease Obligations
CapitalLeaseObligations
29500000 USD
CY2019Q3 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
47821000 USD
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
14621000 USD
CY2019Q3 us-gaap Revenues
Revenues
62442000 USD
CY2018Q3 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
43944000 USD
CY2018Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
20138000 USD
CY2018Q3 us-gaap Revenues
Revenues
64082000 USD
us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
137194000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
49595000 USD
us-gaap Revenues
Revenues
186789000 USD
us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
130905000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
46704000 USD
us-gaap Revenues
Revenues
177609000 USD
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2019Q3 us-gaap Revenues
Revenues
62442000 USD
CY2018Q4 us-gaap Property Subject To Or Available For Operating Lease Gross
PropertySubjectToOrAvailableForOperatingLeaseGross
541529000 USD
CY2019Q3 us-gaap Property Subject To Or Available For Operating Lease Accumulated Depreciation
PropertySubjectToOrAvailableForOperatingLeaseAccumulatedDepreciation
261636000 USD
CY2018Q3 us-gaap Revenues
Revenues
64082000 USD
CY2019Q3 us-gaap Cost Of Goods And Service Excluding Depreciation Depletion And Amortization
CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization
23271000 USD
CY2018Q3 us-gaap Cost Of Goods And Service Excluding Depreciation Depletion And Amortization
CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization
28660000 USD
CY2019Q3 us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
17907000 USD
CY2018Q3 us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
15208000 USD
us-gaap Gross Profit
GrossProfit
59580000 USD
CY2018Q4 us-gaap Property Subject To Or Available For Operating Lease Accumulated Depreciation
PropertySubjectToOrAvailableForOperatingLeaseAccumulatedDepreciation
220807000 USD
CY2019Q3 us-gaap Property Subject To Or Available For Operating Lease Net
PropertySubjectToOrAvailableForOperatingLeaseNet
341870000 USD
CY2018Q4 us-gaap Property Subject To Or Available For Operating Lease Net
PropertySubjectToOrAvailableForOperatingLeaseNet
320722000 USD
CY2019Q3 nsco Cost Major Repair Disposal
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400000 USD
CY2018Q3 nsco Cost Major Repair Disposal
CostMajorRepairDisposal
300000 USD
nsco Cost Major Repair Disposal
CostMajorRepairDisposal
1500000 USD
nsco Cost Major Repair Disposal
CostMajorRepairDisposal
1100000 USD
CY2019Q3 us-gaap Postemployment Benefits Period Expense
PostemploymentBenefitsPeriodExpense
200000 USD
CY2019Q3 us-gaap Gross Profit
GrossProfit
21264000 USD
CY2018Q3 us-gaap Gross Profit
GrossProfit
20214000 USD
us-gaap Revenues
Revenues
186789000 USD
us-gaap Revenues
Revenues
177609000 USD
us-gaap Cost Of Goods And Service Excluding Depreciation Depletion And Amortization
CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization
72516000 USD
us-gaap Cost Of Goods And Service Excluding Depreciation Depletion And Amortization
CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization
71512000 USD
us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
52012000 USD
us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
46517000 USD
us-gaap Gross Profit
GrossProfit
62261000 USD
CY2019Q3 us-gaap Gross Profit
GrossProfit
21264000 USD
CY2018Q3 us-gaap Gross Profit
GrossProfit
20214000 USD
us-gaap Gross Profit
GrossProfit
62261000 USD
us-gaap Gross Profit
GrossProfit
59580000 USD
CY2019Q3 nsco Merger Related Costs
MergerRelatedCosts
3325000 USD
CY2018Q3 nsco Merger Related Costs
MergerRelatedCosts
127000 USD
nsco Merger Related Costs
MergerRelatedCosts
7394000 USD
nsco Merger Related Costs
MergerRelatedCosts
163000 USD
CY2019Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
10514000 USD
CY2018Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
8369000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
26634000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
26085000 USD
CY2019Q3 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-16533000 USD
CY2018Q3 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-14196000 USD
us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-46376000 USD
us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-41649000 USD
CY2019Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-2567000 USD
CY2019Q3 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
434000 USD
CY2018Q3 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
0 USD
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
1213000 USD
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
0 USD
CY2019Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-4005000 USD
CY2018Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-4005000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
CY2019Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
724000 USD
CY2018Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
720000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2172000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2103000 USD
CY2019Q3 us-gaap Depreciation Nonproduction
DepreciationNonproduction
21000 USD
CY2018Q3 us-gaap Depreciation Nonproduction
DepreciationNonproduction
58000 USD
us-gaap Depreciation Nonproduction
DepreciationNonproduction
92000 USD
us-gaap Depreciation Nonproduction
DepreciationNonproduction
161000 USD
CY2019Q3 us-gaap Asset Impairment Charges
AssetImpairmentCharges
657000 USD
CY2018Q3 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 USD
us-gaap Asset Impairment Charges
AssetImpairmentCharges
657000 USD
us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 USD
CY2018Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
42000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-2545000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-286000 USD
CY2019Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-17516000 USD
CY2018Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-3214000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-28827000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-10867000 USD
CY2019Q3 us-gaap Revenues
Revenues
62442000 USD
CY2018Q3 us-gaap Revenues
Revenues
64082000 USD
us-gaap Revenues
Revenues
186789000 USD
us-gaap Revenues
Revenues
177609000 USD
CY2019Q3 us-gaap Assets
Assets
739033000 USD
CY2018Q4 us-gaap Assets
Assets
691556000 USD
CY2019Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
671603000 USD
CY2018Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
764952000 USD
CY2019Q3 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
14927000 USD
CY2018Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
5549000 USD
CY2019Q3 us-gaap Long Term Debt
LongTermDebt
656676000 USD
CY2018Q4 us-gaap Long Term Debt
LongTermDebt
759403000 USD
CY2019Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
1280000 USD
CY2018Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
2531000 USD
CY2019Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
655396000 USD
CY2018Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
756872000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-4000000.0 USD
CY2019Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2019Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2019Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2019Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
250000000 shares
CY2019Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2019Q3 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
11.50
CY2019Q3 nsco Classof Warrantor Right Minimum Period Before Warrants Are Exercisable
ClassofWarrantorRightMinimumPeriodBeforeWarrantsAreExercisable
P30D
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
26600000 shares
CY2019Q3 nsco Purchase Commitment Remaining Minimum Amount Committed Non Cancelable
PurchaseCommitmentRemainingMinimumAmountCommittedNonCancelable
10600000 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
-18010000 USD
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
-3677000 USD
us-gaap Net Income Loss
NetIncomeLoss
-30157000 USD
us-gaap Net Income Loss
NetIncomeLoss
-12120000 USD
CY2019Q3 nsco Weighted Average Number Of Shares Outstanding Basicand Diluted Reverse Recapitalization
WeightedAverageNumberOfSharesOutstandingBasicandDilutedReverseRecapitalization
21660638 shares
CY2018Q3 nsco Weighted Average Number Of Shares Outstanding Basicand Diluted Reverse Recapitalization
WeightedAverageNumberOfSharesOutstandingBasicandDilutedReverseRecapitalization
21660638 shares
nsco Weighted Average Number Of Shares Outstanding Basicand Diluted Reverse Recapitalization
WeightedAverageNumberOfSharesOutstandingBasicandDilutedReverseRecapitalization
21660638 shares
nsco Weighted Average Number Of Shares Outstanding Basicand Diluted Reverse Recapitalization
WeightedAverageNumberOfSharesOutstandingBasicandDilutedReverseRecapitalization
21660638 shares
CY2019Q3 nsco Weighted Average Number Of Shares Outstanding Basicand Diluted Post Recapitalization
WeightedAverageNumberOfSharesOutstandingBasicandDilutedPostRecapitalization
49033903 shares
CY2018Q3 nsco Weighted Average Number Of Shares Outstanding Basicand Diluted Post Recapitalization
WeightedAverageNumberOfSharesOutstandingBasicandDilutedPostRecapitalization
0 shares
nsco Weighted Average Number Of Shares Outstanding Basicand Diluted Post Recapitalization
WeightedAverageNumberOfSharesOutstandingBasicandDilutedPostRecapitalization
49033903 shares
nsco Weighted Average Number Of Shares Outstanding Basicand Diluted Post Recapitalization
WeightedAverageNumberOfSharesOutstandingBasicandDilutedPostRecapitalization
0 shares
CY2019Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
39909481 shares
CY2018Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
21660638 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
27743586 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
21660638 shares
CY2019Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.45
CY2018Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.17
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-1.09
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.56
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
3150000 shares
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
1636666 shares
CY2019Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
300000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
1513334 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
3.14
CY2019Q3 nsco Purchase Commitment Remaining Minimum Amount Committed Cancelable
PurchaseCommitmentRemainingMinimumAmountCommittedCancelable
67200000 USD
CY2019Q3 nsco Purchase Commitment Due After Year Five
PurchaseCommitmentDueAfterYearFive
0 USD

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