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Revenue and Customers (Tables)
12 Months Ended
Dec. 31, 2019
Revenue from Contract with Customer [Abstract]  
Contract with Customer, Asset and Liability
The following table provides information about contract assets and contract liabilities from contracts with customers:
 
 
December 31, 2019
 
December 31, 2018
Current contract assets
 
$
21,292

 
$
25,298

Noncurrent contract assets
 
9,508

 
22,366

Total contract assets
 
30,800

 
47,664

 
 
 
 
 
Current contract liabilities (deferred revenue)
 
(34,196
)
 
(32,906
)
Noncurrent contract liabilities (deferred revenue)
 
(30,859
)
 
(47,847
)
Total contract liabilities
 
$
(65,055
)
 
$
(80,753
)
Significant changes in the remaining performance obligation contract assets and the contract liabilities balances for the years ended December 31, 2019 and 2018 are as follows:
 
 
Contract Assets
 
Contract Liabilities
Net balance at December 31, 2017
 
$
55,749

 
$
(108,861
)
 
 
 
 
 
Amortization of deferred costs
 
(32,420
)
 

Additions to deferred costs
 
24,335

 

Amortization of deferred revenue
 

 
47,798

Additions to deferred revenue
 

 
(19,690
)
Total
 
(8,085
)
 
28,108

 
 
 
 
 
Net balance at December 31, 2018
 
$
47,664

 
$
(80,753
)
 
 
 
 
 
Amortization of deferred costs
 
(39,936
)
 

Additions to deferred costs
 
23,072

 

Amortization of deferred revenue
 

 
65,312

Additions to deferred revenue
 

 
(49,614
)
Total
 
(16,864
)
 
15,698

 
 
 
 
 
Net balance at December 31, 2019
 
$
30,800

 
$
(65,055
)

Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction
The following table reflects revenue expected to be recognized in the future related to unsatisfied performance obligations, by rig type, at the end of the reporting period:
 
 
Year Ending December 31,
 
 
2020
 
2021
 
2022
 
2023
 
2024 and beyond
 
Total
Floaters
 
$
17,252

 
$
10,584

 
$
7,798

 
$
3,548

 
$

 
$
39,182

Jackups
 
16,912

 
7,230

 
1,732

 

 

 
25,874

Total
 
$
34,164

 
$
17,814

 
$
9,530

 
$
3,548

 
$

 
$
65,056


Disaggregation of revenue by rig types
The following table provides information about contract drilling revenue by rig types:
 
 
Twelve Months Ended December 31, 2019
 
Twelve Months Ended December 31, 2018
Floaters (1)
 
$
727,177

 
$
561,825

Jackups
 
518,881

 
474,257

Total (1)
 
$
1,246,058

 
$
1,036,082


(1) Includes the impact of the Noble Bully II contract buyout during the year ended December 31, 2019. Exclusive of this item, revenue for the year ended December 31, 2019 would have been $560,319 for floaters and $1,079,200 for total rigs.