XML 87 R75.htm IDEA: XBRL DOCUMENT v3.10.0.1
Supplemental Condensed Consolidated Financial Information (Condensed Consolidating Statements of Income) (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Condensed Financial Statements, Captions [Line Items]        
Revenues $ 220,058 $ 188,488 $ 628,493 $ 534,793
Expenses:        
Operating costs 107,305 106,774 320,553 298,948
Depreciation, depletion, and amortization 63,537 54,533 178,976 151,545
General and administrative 9,278 9,235 28,752 26,902
Gain on disposition of assets (253) (81) (575) (1,153)
Total operating costs 179,867 170,461 527,706 476,242
Income (loss) from operations 40,191 18,027 100,787 58,551
Interest, net (7,945) (9,944) (25,678) (28,807)
Gain (loss) on derivatives (4,385) (2,614) (25,608) 21,019
Other, net 6 5 17 14
Income (loss) before income taxes 27,867 5,474 49,518 50,777
Income tax expense (benefit) 6,744 1,769 12,380 22,084
Equity in net earnings from investment in subsidiaries, net of taxes 0 0 0 0
Net income 21,123 3,705 37,138 28,693
Less: net income attributable to non-controlling interest 2,224 0 4,586 0
Net income attributable to Unit Corporation 18,899 3,705 32,552 28,693
Consolidating Adjustments [Member]        
Condensed Financial Statements, Captions [Line Items]        
Revenues (32,459) (21,627) (82,974) (57,697)
Expenses:        
Operating costs (31,273) (21,026) (80,540) (56,720)
Depreciation, depletion, and amortization 0 0 0 0
General and administrative 0 0 0 0
Gain on disposition of assets 0 0 0 0
Total operating costs (31,273) (21,026) (80,540) (56,720)
Income (loss) from operations (1,186) (601) (2,434) (977)
Interest, net 0 0 0 0
Gain (loss) on derivatives 0 0 0 0
Other, net 0 0 0 0
Income (loss) before income taxes (1,186) (601) (2,434) (977)
Income tax expense (benefit) 0 0 0 0
Equity in net earnings from investment in subsidiaries, net of taxes (29,077) (12,377) (74,360) (35,786)
Net income (30,263) (12,978) (76,794) (36,763)
Less: net income attributable to non-controlling interest 0 0 0 0
Net income attributable to Unit Corporation (30,263) (12,978) (76,794) (36,763)
Parent [Member]        
Condensed Financial Statements, Captions [Line Items]        
Revenues 0 0 0 0
Expenses:        
Operating costs 0 0 0 0
Depreciation, depletion, and amortization 1,923 1,913 5,759 5,558
General and administrative 0 0 0 0
Gain on disposition of assets 0 0 (30) (813)
Total operating costs 1,923 1,913 5,729 4,745
Income (loss) from operations (1,923) (1,913) (5,729) (4,745)
Interest, net (7,564) (9,776) (24,844) (28,276)
Gain (loss) on derivatives (4,385) (2,614) (25,608) 21,019
Other, net 6 5 17 14
Income (loss) before income taxes (13,866) (14,298) (56,164) (11,988)
Income tax expense (benefit) (3,688) (5,626) (14,356) (4,895)
Equity in net earnings from investment in subsidiaries, net of taxes 29,077 12,377 74,360 35,786
Net income 18,899 3,705 32,552 28,693
Less: net income attributable to non-controlling interest 0 0 0 0
Net income attributable to Unit Corporation 18,899 3,705 32,552 28,693
Combined Guarantor Subsidiaries [Member]        
Condensed Financial Statements, Captions [Line Items]        
Revenues 169,635 141,058 478,529 393,858
Expenses:        
Operating costs 71,646 73,197 215,355 199,143
Depreciation, depletion, and amortization 50,349 41,740 139,724 113,440
General and administrative 9,252 7,083 26,136 20,880
Gain on disposition of assets (237) (67) (450) (282)
Total operating costs 131,010 121,953 380,765 333,181
Income (loss) from operations 38,625 19,105 97,764 60,677
Interest, net 0 0 0 0
Gain (loss) on derivatives 0 0 0 0
Other, net (1) 0 0 0
Income (loss) before income taxes 38,624 19,105 97,764 60,677
Income tax expense (benefit) 9,839 7,003 25,299 25,357
Equity in net earnings from investment in subsidiaries, net of taxes 0 0 0 0
Net income 28,785 12,102 72,465 35,320
Less: net income attributable to non-controlling interest 0 0 0 0
Net income attributable to Unit Corporation 28,785 12,102 72,465 35,320
Combined Non-Guarantor Subsidiaries [Member]        
Condensed Financial Statements, Captions [Line Items]        
Revenues 82,882 69,057 232,938 198,632
Expenses:        
Operating costs 66,932 54,603 185,738 156,525
Depreciation, depletion, and amortization 11,265 10,880 33,493 32,547
General and administrative 26 2,152 2,616 6,022
Gain on disposition of assets (16) (14) (95) (58)
Total operating costs 78,207 67,621 221,752 195,036
Income (loss) from operations 4,675 1,436 11,186 3,596
Interest, net (381) (168) (834) (531)
Gain (loss) on derivatives 0 0 0 0
Other, net 1 0 0 0
Income (loss) before income taxes 4,295 1,268 10,352 3,065
Income tax expense (benefit) 593 392 1,437 1,622
Equity in net earnings from investment in subsidiaries, net of taxes 0 0 0 0
Net income 3,702 876 8,915 1,443
Less: net income attributable to non-controlling interest 2,224 0 4,586 0
Net income attributable to Unit Corporation $ 1,478 $ 876 $ 4,329 $ 1,443