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Segment Information (Tables)
3 Months Ended
Dec. 31, 2016
Segment Information  
Summary of financial information of the entity's reportable segments for continuing operations

 

 

 

 

 

 

 

 

 

Segment

 

 

 

External

 

Inter-

 

Total

 

Operating

 

(in thousands)

 

Sales

 

Segment

 

Sales

 

Income (Loss)

 

December 31, 2016

 

 

 

 

 

 

 

 

 

Contract Drilling:

 

 

 

 

 

 

 

 

 

U.S. Land

 

263,636

 

$

 

$

263,636

 

$

(30,888

)

Offshore

 

33,812

 

 

33,812

 

6,784

 

International Land

 

68,031

 

 

68,031

 

825

 

 

 

 

 

 

 

 

 

 

 

 

 

365,479

 

 

365,479

 

(23,279

)

Other

 

3,111

 

208

 

3,319

 

(2,049

)

 

 

 

 

 

 

 

 

 

 

 

 

368,590

 

208

 

368,798

 

(25,328

)

Eliminations

 

 

(208

)

(208

)

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

368,590

 

$

 

$

368,590

 

$

(25,328

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Segment

 

 

 

External

 

Inter-

 

Total

 

Operating

 

(in thousands)

 

Sales

 

Segment

 

Sales

 

Income (Loss)

 

December 31, 2015

 

 

 

 

 

 

 

 

 

Contract Drilling:

 

 

 

 

 

 

 

 

 

U.S. Land

 

$

369,805

 

$

 

$

369,805

 

$

55,532

 

Offshore

 

41,880

 

 

41,880

 

7,722

 

International Land

 

72,194

 

 

72,194

 

(6,665

)

 

 

 

 

 

 

 

 

 

 

 

 

483,879

 

 

483,879

 

56,589

 

Other

 

3,968

 

219

 

4,187

 

(1,304

)

 

 

 

 

 

 

 

 

 

 

 

 

487,847

 

219

 

488,066

 

55,285

 

Eliminations

 

 

(219

)

(219

)

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

487,847

 

$

 

$

487,847

 

$

55,285

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of reconciliation of segment operating income to income from continuing operations before income taxes

 

 

 

Three Months Ended

 

 

 

December 31,

 

 

 

2016

 

2015

 

 

 

(in thousands)

 

 

 

 

 

 

 

Segment operating income (loss)

 

$

(25,328

)

$

55,285

 

Income from asset sales

 

842

 

4,589

 

Corporate general and administrative costs and corporate depreciation

 

(24,678

)

(21,204

)

 

 

 

 

 

 

Operating income (loss)

 

(49,164

)

38,670

 

 

 

 

 

 

 

 

 

 

 

 

 

Other income (expense):

 

 

 

 

 

Interest and dividend income

 

990

 

733

 

Interest expense

 

(5,055

)

(4,524

)

Other

 

387

 

(261

)

 

 

 

 

 

 

Total other income (expense)

 

(3,678

)

(4,052

)

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations before income taxes

 

$

(52,842

)

$

34,618

 

 

 

 

 

 

 

 

 

 

Schedule of total assets by reportable segment

 

 

 

 

December 31,
2016

 

September 30,
2016

 

 

 

(in thousands)

 

 

 

 

 

Total assets

 

 

 

 

 

U.S. Land

 

$

4,933,281 

 

$

5,005,299 

 

Offshore

 

106,860 

 

105,152 

 

International Land

 

457,566 

 

487,181 

 

Other

 

36,408 

 

36,141 

 

 

 

 

 

 

 

 

 

5,534,115 

 

5,633,773 

 

Investments and corporate operations

 

1,143,471 

 

1,198,182 

 

 

 

 

 

 

 

Total assets from continued operations

 

6,677,586 

 

6,831,955 

 

Discontinued operations

 

51 

 

64 

 

 

 

 

 

 

 

 

 

$

6,677,637 

 

$

6,832,019 

 

 

 

 

 

 

 

 

 

 

Schedule of revenues from external customers by country based on the location of service provided

 

 

 

Three Months Ended

 

 

 

December 31,

 

 

 

2016

 

2015

 

 

 

(in thousands)

 

 

 

 

 

Operating revenues

 

 

 

 

 

United States

 

$

300,559 

 

$

409,506 

 

Argentina

 

48,082 

 

49,786 

 

Colombia

 

9,371 

 

6,743 

 

Ecuador

 

 

3,940 

 

Other foreign

 

10,577 

 

17,872 

 

 

 

 

 

 

 

Total

 

$

368,590 

 

$

487,847