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CONDENSED CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
$ in Thousands
Total
Shares
Additional Paid-in Capital
Retained Earnings (Accumulated Deficit)
Accumulated Other Comprehensive Income (Loss)
Beginning balance (in shares) at Dec. 31, 2022   134,681,000      
Beginning balance at Dec. 31, 2022 $ 3,607,085 $ 1 $ 3,347,507 $ 255,930 $ 3,647
Employee related equity activity          
Amortization of share-based compensation 28,058   28,058    
Issuance of share-based compensation shares (in shares)   462,000      
Shares withheld for taxes on equity transactions (8,612)   (8,612)    
Warrants exercised (in shares)   7,920,000      
Warrants exercised 156   156    
Share repurchases (in shares)   (2,017,000)      
Share repurchases (80,000)     (80,000)  
Dividends (43,679)     (43,679)  
Net income (loss) 332,202     332,202  
Other comprehensive income (loss), net (2,210)       (2,210)
Ending balance (in shares) at Sep. 30, 2023   141,046,000      
Ending balance at Sep. 30, 2023 3,833,000 $ 1 3,367,109 464,453 1,437
Beginning balance (in shares) at Jun. 30, 2023   137,084,000      
Beginning balance at Jun. 30, 2023 3,719,420 $ 1 3,358,108 359,809 1,502
Employee related equity activity          
Amortization of share-based compensation 9,204   9,204    
Issuance of share-based compensation shares (in shares)   15,000      
Shares withheld for taxes on equity transactions (257)   (257)    
Warrants exercised (in shares)   4,144,000      
Warrants exercised 54   54    
Share repurchases (in shares)   (197,000)      
Share repurchases (10,000)     (10,000)  
Dividends (43,679)     (43,679)  
Net income (loss) 158,323     158,323  
Other comprehensive income (loss), net (65)       (65)
Ending balance (in shares) at Sep. 30, 2023   141,046,000      
Ending balance at Sep. 30, 2023 $ 3,833,000 $ 1 3,367,109 464,453 1,437
Beginning balance (in shares) at Dec. 31, 2023 140,773,750 140,774,000      
Beginning balance at Dec. 31, 2023 $ 3,921,240 $ 1 3,377,048 541,159 3,032
Employee related equity activity          
Amortization of share-based compensation 35,959   35,959    
Issuance of share-based compensation shares (in shares)   2,058,000      
Shares withheld for taxes on equity transactions (57,167)   (57,167)    
Warrants exercised (in shares)   208,000      
Warrants exercised 628   628    
Share repurchases (in shares)   (6,938,000)      
Share repurchases (250,000)     (250,000)  
Issuance of common stock for Pacific Drilling merger (in shares)   24,240,000      
Issuance of common stock for Diamond Offshore Drilling merger 879,941   879,941    
Dividends (197,810)     (197,810)  
Net income (loss) 351,705     351,705  
Other comprehensive income (loss), net $ 453       453
Ending balance (in shares) at Sep. 30, 2024 160,341,619 160,342,000      
Ending balance at Sep. 30, 2024 $ 4,684,949 $ 1 4,236,409 445,054 3,485
Beginning balance (in shares) at Jun. 30, 2024   142,904,000      
Beginning balance at Jun. 30, 2024 3,985,002 $ 1 3,338,030 643,918 3,053
Employee related equity activity          
Amortization of share-based compensation 21,632   21,632    
Issuance of share-based compensation shares (in shares)   10,000      
Shares withheld for taxes on equity transactions (3,540)   (3,540)    
Warrants exercised (in shares)   126,000      
Warrants exercised 346   346    
Share repurchases (in shares)   (6,938,000)      
Share repurchases (250,000)     (250,000)  
Issuance of common stock for Pacific Drilling merger (in shares)   24,240,000      
Issuance of common stock for Diamond Offshore Drilling merger 879,941   879,941    
Dividends (10,080)     (10,080)  
Net income (loss) 61,216     61,216  
Other comprehensive income (loss), net $ 432       432
Ending balance (in shares) at Sep. 30, 2024 160,341,619 160,342,000      
Ending balance at Sep. 30, 2024 $ 4,684,949 $ 1 $ 4,236,409 $ 445,054 $ 3,485