
	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2016		2015		2016		2015
	(In thousands)
Operating revenues: (1)
Drilling & Rig Services:
U.S.	$	116,095	$	259,939	$	405,113	$	1,034,929
Canada		10,444		29,929		34,555		109,182
International		363,552		516,180		1,165,631		1,413,886
Rig Services (2)		58,950		73,521		152,051		318,204
Subtotal Drilling & Rig Services		549,041		879,569		1,757,350		2,876,201

Completion & Production Services:
Completion Services		—		—		—		207,860
Production Services		—		—		—		158,512
Subtotal Completion & Production Services		—		—		—		366,372

Other reconciling items (3)		(29,312)		(32,016)		(68,459)		(117,008)
Total	$	519,729	$	847,553	$	1,688,891	$	3,125,565


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2016		2015		2016		2015
	(In thousands)
Adjusted operating income (loss): (1) (4)
Drilling & Rig Services:
U.S.	$	(58,876)	$	(14,034)	$	(154,763)	$	94,449
Canada		(10,156)		(4,085)		(28,265)		(5,995)
International		43,595		74,039		144,326		256,412
Rig Services (2)		(12,937)		(10,434)		(43,238)		864
Subtotal Drilling & Rig Services		(38,374)		45,486		(81,940)		345,730

Completion & Production Services:
Completion Services		—		—		—		(55,243)
Production Services		—		—		—		(3,559)
Subtotal Completion & Production Services		—		—		—		(58,802)

Other reconciling items (5)		(33,600)		(37,962)		(97,205)		(122,162)
Total	$	(71,974)	$	7,524	$	(179,145)	$	164,766

Earnings (losses) from unconsolidated affiliates (6)	$	2	$	(35,100)	$	(221,918)	$	(29,714)


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2016		2015		2016		2015
	(In thousands)
Reconciliation of adjusted operating income (loss) to net income (loss) from continuing operations before income taxes:
Total adjusted operating income (loss) (4)	$	(71,974)	$	7,524	$	(179,145)	$	164,766
Earnings (losses) from unconsolidated affiliates (6)		2		(35,100)		(221,918)		(29,714)
Investment income (loss)		310		(22)		923		2,128
Interest expense		(46,836)		(44,448)		(137,803)		(135,518)
Other, net		(10,392)		(259,731)		(267,403)		(205,227)
Income (loss) from continuing operations before income taxes	$	(128,890)	$	(331,777)	$	(805,346)	$	(203,565)


	September 30,		December 31,
	2016		2015
	(In thousands)
Total assets:
Drilling & Rig Services:
U.S.	$	3,391,585	$	3,654,216
Canada		352,771		371,151
International		3,694,029		4,108,416
Rig Services		380,241		430,319
Subtotal Drilling & Rig Services		7,818,626		8,564,102
Investment in unconsolidated affiliates (7)		889		415,177
Other reconciling items (5)		604,989		558,561
Total	$	8,424,504	$	9,537,840

(1)

All periods present the operating activities of most of our wholly owned oil and gas businesses as discontinued operations.

(2)

Includes our other services comprised of our drilling technology and top drive manufacturing, directional drilling, rig instrumentation and software services.

(3)

Represents the elimination of inter-segment transactions.

(4)

Adjusted operating income (loss) is computed by subtracting the sum of direct costs, general and administrative expenses, research and engineering expenses and depreciation and amortization from operating revenues. Adjusted operating income (loss) is a non-GAAP financial measure and should not be used in isolation or as a substitute for the amounts reported in accordance with GAAP. However, management evaluates the performance of our operating segments and the company’s consolidated results based on several criteria, including adjusted operating income (loss) and adjusted EBITDA, because it believes that these financial measures reflect our ongoing profitability and performance. In addition, securities analysts and investors use this measure as one of the metrics on which they analyze our performance. Other companies in our industry may compute these measures differently. A reconciliation of this non-GAAP measure to income (loss) from continuing operations before income taxes, which is the most closely comparable GAAP measure, is provided in the above table.

(5)

Represents the elimination of inter-segment transactions and unallocated corporate expenses, assets and capital expenditures

(6)

Represents our share of the net income (loss), as adjusted for our basis difference, of our unconsolidated affiliates accounted for by the equity method including a loss of $221.9 million for the nine months ended September 30, 2016, and losses of $35.1 million and $35.9 million for the three and nine months ended September 30, 2015, respectively, related to our share of the net loss of CJES, which we reported on a one-quarter lag through June 30, 2016. Beginning in the third quarter of 2016, we ceased accounting for our investment in CJES under the equity method of accounting.

(7)

Represents our investments in unconsolidated affiliates accounted for using the equity method as of September 30, 2016 and December 31, 2015, respectively.