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Consolidated Statement of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenue        
Total revenue $ 73,238 $ 35,601 $ 131,569 $ 55,767
Operating costs and expenses        
Operating costs 59,405 36,056 103,338 61,413
General and administrative 6,910 4,967 13,492 10,462
Depreciation 11,087 14,161 22,382 28,286
Gain on EDC sale (60,781)   (60,781)  
Total operating costs and expenses 16,621 55,184 78,431 100,161
(Loss) income from operations 56,617 (19,583) 53,138 (44,394)
Other (expense) income        
Interest income 7 10 11 110
Interest expense and other financing charges (8,503) (8,511) (17,007) (17,021)
Other, net (1,011) (179) (1,786) (793)
Total other expense (9,507) (8,680) (18,782) (17,704)
Income (loss) before income taxes 47,110 (28,263) 34,356 (62,098)
Income tax (benefit) provision (1,221) 720 217 2,882
Net income (loss) 48,331 (28,983) 34,139 (64,980)
Net income (loss) attributable to noncontrolling interests 232 18 938 (31)
Net income (loss) attributable to shareholders $ 48,099 $ (28,965) $ 33,201 $ (64,949)
Earnings (loss) per share, basic        
Basic $ 3.67 $ (2.21) $ 2.53 $ (4.95)
Earnings (loss) per share, diluted        
Diluted $ 3.61 $ (2.21) $ 2.49 $ (4.95)
Contract Drilling Services        
Revenue        
Total revenue $ 42,744 $ 31,655 $ 87,657 $ 49,380
Management Fees        
Revenue        
Total revenue 2,840 497 3,943 595
Reimbursables and Other        
Revenue        
Total revenue $ 27,654 $ 3,449 $ 39,969 $ 5,792