XML 22 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenues      
Oil and natural gas $ 423,059 $ 357,744 $ 294,221
Contract drilling 196,492 174,720 122,086
Gas gathering and processing 223,730 207,176 185,870
Total revenues 843,281 739,640 602,177
Expenses:      
Oil and natural gas 131,675 130,789 120,184
Contract drilling 131,385 122,600 88,154
Gas gathering and processing 167,836 155,483 137,609
Total operating costs 430,896 408,872 345,947
Depreciation, depletion, and amortization 243,605 209,257 208,353
Impairments (Note 2) 147,884 0 161,563
General and administrative 38,707 38,087 33,337
Gain on disposition of assets (704) (327) (2,540)
Total operating expenses 860,388 655,889 746,660
Income (loss) from operations (17,107) 83,751 (144,483)
Other income (expense):      
Interest, net (33,494) (38,334) (39,829)
Gain (loss) on derivatives (3,184) 14,732 (22,813)
Other 22 21 307
Total other income (expense) (36,656) (23,581) (62,335)
Income (loss) before income taxes (53,763) 60,170 (206,818)
Income tax expense (benefit):      
Current (3,131) 5 15
Deferred (10,865) (57,683) (71,209)
Total income taxes (13,996) (57,678) (71,194)
Net income (loss) (39,767) 117,848 (135,624)
Net income attributable to non-controlling interest 5,521 0 0
Net income (loss) attributable to Unit Corporation $ (45,288) $ 117,848 $ (135,624)
Net income (loss) attributable to Unit Corporation per share:      
Basic $ (0.87) $ 2.31 $ (2.71)
Diluted $ (0.87) $ 2.28 $ (2.71)