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Revenue Recognition (Tables)
12 Months Ended
Dec. 31, 2019
Revenue Recognition  
Summary of revenue is disaggregation by geographical region

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Year Ended

​

​

December 31, 2019

​

    

​

U.S. Drilling

    

​

Canada Drilling

    

​

International Drilling

    

​

Drilling Solutions

    

​

Rig Technologies

    

​

Other

    

​

Total

​

​

(In thousands)

Lower 48

​

$

1,021,879

​

$

—

​

$

—

​

$

170,639

​

$

172,559

​

$

—

​

$

1,365,077

U.S. Offshore Gulf of Mexico

​

 

156,931

​

 

—

​

 

—

​

 

13,331

​

 

—

​

 

—

​

​

170,262

Alaska

​

 

62,126

​

 

—

​

 

—

​

 

4,787

​

 

986

​

 

—

​

​

67,899

Canada

​

 

—

​

 

68,274

​

 

—

​

 

1,749

​

 

8,852

​

 

—

​

​

78,875

Middle East & Asia

​

 

—

​

 

—

​

 

765,493

​

 

43,941

​

 

56,455

​

 

—

​

​

865,889

Latin America

​

 

—

​

 

—

​

 

355,189

​

 

15,558

​

 

2,318

​

 

—

​

​

373,065

Europe, Africa & CIS

​

 

—

​

 

—

​

 

203,460

​

 

2,785

​

 

19,056

​

 

—

​

​

225,301

Eliminations & other

​

 

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

(102,985)

​

 

(102,985)

Total

​

$

1,240,936

​

$

68,274

​

$

1,324,142

​

$

252,790

​

$

260,226

​

$

(102,985)

​

$

3,043,383

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Year Ended

​

​

December 31, 2018

​

    

​

U.S. Drilling

    

​

Canada Drilling

    

​

International Drilling

    

​

Drilling Solutions

    

​

Rig Technologies

    

​

Other

    

​

Total

​

​

(In thousands)

Lower 48

​

$

910,819

​

$

—

​

$

—

​

$

173,219

​

$

188,550

​

$

—

​

$

1,272,588

U.S. Offshore Gulf of Mexico

​

 

122,946

​

 

—

​

 

—

​

 

13,776

​

 

—

​

 

—

​

​

136,722

Alaska

​

 

49,462

​

 

—

​

 

—

​

 

3,670

​

 

777

​

 

—

​

​

53,909

Canada

​

 

—

​

 

105,000

​

 

—

​

 

5,849

​

 

29,682

​

 

—

​

​

140,531

Middle East & Asia

​

 

—

​

 

—

​

 

888,500

​

 

35,486

​

 

26,236

​

 

—

​

​

950,222

Latin America

​

 

—

​

 

—

​

 

360,385

​

 

15,350

​

 

8,514

​

 

—

​

​

384,249

Europe, Africa & CIS

​

 

—

​

 

—

​

 

220,153

​

 

2,892

​

 

17,229

​

 

—

​

​

240,274

Eliminations & other

​

 

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

(120,876)

​

 

(120,876)

Total

​

$

1,083,227

​

$

105,000

​

$

1,469,038

​

$

250,242

​

$

270,988

​

$

(120,876)

​

$

3,057,619

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Year Ended

​

​

December 31, 2017

​

    

​

U.S. Drilling

    

​

Canada Drilling

    

​

International Drilling

    

​

Drilling Solutions

    

​

Rig Technologies

    

​

Other

    

​

Total

​

​

(In thousands)

Lower 48

​

$

681,669

​

$

—

​

$

—

​

$

118,574

​

$

211,609

​

$

—

​

$

1,011,852

U.S. Offshore Gulf of Mexico

​

 

75,994

​

 

—

​

 

—

​

 

1,021

​

 

—

​

 

—

​

​

77,015

Alaska

​

 

47,560

​

 

—

​

 

—

​

 

3,925

​

 

623

​

 

—

​

​

52,108

Canada

​

 

—

​

 

82,929

​

 

—

​

 

6,054

​

 

7,618

​

 

—

​

​

96,601

Middle East & Asia

​

 

—

​

 

—

​

 

875,175

​

 

7,397

​

 

13,493

​

 

—

​

​

896,065

Latin America

​

 

—

​

 

—

​

 

388,235

​

 

3,266

​

 

392

​

 

—

​

​

391,893

Europe, Africa & CIS

​

 

—

​

 

—

​

 

210,650

​

 

464

​

 

807

​

 

—

​

​

211,921

Eliminations & other

​

 

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

(173,170)

​

 

(173,170)

Total

​

$

805,223

​

$

82,929

​

$

1,474,060

​

$

140,701

​

$

234,542

​

$

(173,170)

​

$

2,564,285

Summary of contract assets, current and long-term contract liabilities

The opening and closing balances of our receivables, contract assets and current and long-term contract liabilities are as follows:

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Contract

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Contract

​

Contract

​

Contract

​

​

Contract

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Assets

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Assets

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Liabilities

​

Liabilities

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Receivables

    

(Current)

    

(Long-term)

    

(Current)

    

(Long-term)

​

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(In millions)

As of December 31, 2018

​

$

791.2

​

$

55.8

​

$

32.3

​

$

116.7

​

$

69.7

As of December 31, 2019

​

$

507.0

​

$

48.6

​

$

24.9

​

$

66.8

​

$

70.5