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Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 22,254 $ 93,113
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation expense 127,359 126,610
Amortization of debt financing costs 7,800 10,022
Amortization of debt discount 2,242 2,997
Reorganization items; debt discount and issuance costs write-off 37,129  
Non-cash gain on debt extinguishment (10,814) (4,409)
Accelerated deferred mobilization income (21,508)  
Deferred income tax expense (benefit) 2,122 (305)
Loss on disposal of assets 1,108 3,008
Changes in operating assets and liabilities:    
Restricted cash   2,125
Trade receivables 80,903 12,399
Inventory 1,397 (10,088)
Prepaid expenses and other current assets 5,991 (4,660)
Other assets 8,549 5,275
Accounts payable (154,922) (40,580)
Accrued liabilities and other long-term liabilities (17,023) 44,217
Net cash provided by operating activities 92,587 239,724
CASH FLOWS FROM INVESTING ACTIVITIES    
Additions to property and equipment (46,490) (35,693)
Net cash used in investing activities (46,490) (35,693)
CASH FLOWS FROM FINANCING ACTIVITIES    
Repayment of long-term debt (67,980) (167,561)
Distributions to VDC (498) (995)
Proceeds from (repayment of) revolving credit agreement, net 150,000 (10,000)
Net cash provided by (used in) financing activities 81,522 (178,556)
Net increase in cash and cash equivalents 127,619 25,475
Cash and cash equivalents—beginning of year 75,801 50,326
Cash and cash equivalents—end of year 203,420 75,801
Cash paid for:    
Interest 124,295 194,561
Income taxes 50,840 27,734
Non-cash investing and financing transactions:    
Note issued in acquisition of management entities 61,477  
Trade-in value on equipment upgrades   $ 922
Contributions from VDC $ 10,326