Revenue Recognition (Tables)

6 Months Ended

Jun. 30, 2024

Revenue Recognition

Schedule of revenue, disaggregated by geographical region

In the following table, revenue is disaggregated by geographical region. The table also includes a reconciliation of the disaggregated revenue with the reportable segments:

	Three Months Ended
	June 30, 2024
		U.S. Drilling		International Drilling		Drilling Solutions		Rig Technologies		Other		Total
	(In thousands)
Lower 48	$	220,797	$	—	$	47,434	$	22,012	$	—	$	290,243
U.S. Offshore Gulf of Mexico		28,351		—		2,602		—		—		30,953
Alaska		10,575		—		674		—		—		11,249
Canada		—		—		432		1,393		—		1,825
Middle East & Asia		—		249,291		13,086		19,508		—		281,885
Latin America		—		87,975		18,339		4,933		—		111,247
Europe, Africa & CIS		—		19,467		394		1,700		—		21,561
Eliminations & other		—		—		—		—		(14,165)		(14,165)
Total	$	259,723	$	356,733	$	82,961	$	49,546	$	(14,165)	$	734,798

	Six Months Ended
	June 30, 2024
		U.S. Drilling		International Drilling		Drilling Solutions		Rig Technologies		Other		Total
	(In thousands)
Lower 48	$	452,921	$	—	$	92,136	$	46,075	$	—	$	591,132
U.S. Offshore Gulf of Mexico		57,045		—		5,459		—		—		62,504
Alaska		21,746		—		1,355		—		—		23,101
Canada		—		—		866		3,115		—		3,981
Middle East & Asia		—		500,532		24,042		38,679		—		563,253
Latin America		—		172,275		34,054		8,703		—		215,032
Europe, Africa & CIS		—		33,285		623		3,130		—		37,038
Eliminations & other		—		—		—		—		(27,539)		(27,539)
Total	$	531,712	$	706,092	$	158,535	$	99,702	$	(27,539)	$	1,468,502

	Three Months Ended
	June 30, 2023
		U.S. Drilling		International Drilling		Drilling Solutions		Rig Technologies		Other		Total
	(In thousands)
Lower 48	$	272,909	$	—	$	51,157	$	31,654	$	—	$	355,720
U.S. Offshore Gulf of Mexico		32,316		—		3,123		—		—		35,439
Alaska		9,605		—		531		—		—		10,136
Canada		—		—		312		2,144		—		2,456
Middle East & Asia		—		238,276		11,770		25,032		—		275,078
Latin America		—		83,583		9,490		2,199		—		95,272
Europe, Africa & CIS		—		15,791		472		2,536		—		18,799
Eliminations & other		—		—		—		—		(25,833)		(25,833)
Total	$	314,830	$	337,650	$	76,855	$	63,565	$	(25,833)	$	767,067

	Six Months Ended
	June 30, 2023
		U.S. Drilling		International Drilling		Drilling Solutions		Rig Technologies		Other		Total
	(In thousands)
Lower 48	$	579,027	$	—	$	102,941	$	64,615	$	—	$	746,583
U.S. Offshore Gulf of Mexico		63,976		—		5,956		—		—		69,932
Alaska		22,479		—		981		—		—		23,460
Canada		—		—		670		4,013		—		4,683
Middle East & Asia		—		461,228		22,038		42,758		—		526,024
Latin America		—		164,634		18,560		4,514		—		187,708
Europe, Africa & CIS		—		31,836		752		6,144		—		38,732
Eliminations & other		—		—		—		—		(50,916)		(50,916)
Total	$	665,482	$	657,698	$	151,898	$	122,044	$	(50,916)	$	1,546,206

Summary of receivables, 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:

			Contract		Contract		Contract		Contract
	Contract		Assets		Assets		Liabilities		Liabilities
	Receivables		(Current)		(Long-term)		(Current)		(Long-term)
	(In thousands)
As of December 31, 2023	$	397,051	$	8,434	$	2,980	$	20,295	$	1,969
As of June 30, 2024	$	417,937	$	20,149	$	3,980	$	17,973	$	2,112