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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating revenues    
Operating revenues $ 610,054 $ 210,230
Operating costs and expenses    
Depreciation and amortization 69,942 25,605
General and administrative 30,037 17,524
Merger and integration costs 11,631 9,521
(Gain) loss on sale of operating assets, net 0 (4,562)
Hurricane losses and (recoveries), net 3,544 17,212
Total operating costs and expenses 502,949 244,861
Operating income (loss) 107,105 (34,631)
Other income (expense)    
Interest expense, net of amounts capitalized (16,872) (7,680)
Interest income and other, net 2,026 450
Income (loss) before income taxes 92,259 (41,861)
Income tax benefit (provision) 15,804 5,205
Net income (loss) $ 108,063 $ (36,656)
Basic:    
Net income (loss) (in usd per share) $ 0.80 $ (0.54)
Diluted:    
Net income (loss) (in usd per share) $ 0.74 $ (0.54)
Contract drilling services    
Operating revenues    
Operating revenues $ 575,290 $ 195,035
Operating costs and expenses    
Cost of services 361,789 166,083
Reimbursables and other    
Operating revenues    
Operating revenues 34,764 15,195
Operating costs and expenses    
Cost of services $ 26,006 $ 13,478