XML 90 R75.htm IDEA: XBRL DOCUMENT v3.21.2
Supplemental Condensed Consolidated Financial Information (Condensed Consolidating Statements of Income) (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Condensed Financial Statements, Captions [Line Items]        
Revenues $ 134,057 $ 89,007 $ 254,954 $ 211,383
Expenses:        
Operating costs 74,623 115,103 145,306 198,826
Depreciation, depletion, and amortization 16,364 35,960 33,875 97,577
Impairments 0 109,318 0 851,242
Loss on abandonment of assets 0 0 0 17,554
General and administrative 5,751 25,814 12,920 37,367
Loss on disposition of assets (1,710) 877 (2,182) 1,267
Total operating costs 95,028 287,072 189,919 1,203,833
Income (loss) from operations 39,029 (198,065) 65,035 (992,450)
Interest, net (487) (7,608) (3,193) (20,865)
Write-off of debt issuance costs 0 (2,426) 0 (2,426)
Gain (loss) on derivatives (42,400) (6,937) (65,231) (6,454)
Reorganization Items (1,852) (7,027) (2,988) (7,027)
Other, net (831) 43 (755) 103
Loss before income taxes (10,115) (222,020) (10,706) (1,029,119)
Income tax expense (benefit) 0 (6,455) 0 (9,880)
Equity in net earnings from investment in subsidiaries, net of taxes   0   0
Net loss (10,115) (215,565) (10,706) (1,019,239)
Less: net income (loss) attributable to non-controlling interest 2,879 84 4,225 (33,096)
Net loss attributable to Unit Corporation $ (12,994) (215,649) $ (14,931) (986,143)
Consolidating Adjustments [Member]        
Condensed Financial Statements, Captions [Line Items]        
Revenues   (4,871)   (10,331)
Expenses:        
Operating costs   (4,873)   (10,331)
Depreciation, depletion, and amortization   0   0
Impairments   0   0
Loss on abandonment of assets       0
General and administrative   0   0
Loss on disposition of assets   0   0
Total operating costs   (4,873)   (10,331)
Income (loss) from operations   2   0
Interest, net   0   0
Write-off of debt issuance costs   0   0
Gain (loss) on derivatives   0   0
Reorganization Items   0   0
Other, net   0   0
Loss before income taxes   2   0
Income tax expense (benefit)   0   0
Equity in net earnings from investment in subsidiaries, net of taxes   201,304   995,283
Net loss   201,306   995,283
Less: net income (loss) attributable to non-controlling interest   (84)   33,096
Net loss attributable to Unit Corporation   201,390   962,187
Parent [Member]        
Condensed Financial Statements, Captions [Line Items]        
Revenues   0   0
Expenses:        
Operating costs   0   0
Depreciation, depletion, and amortization   607   1,478
Impairments   0   0
Loss on abandonment of assets       0
General and administrative   0   0
Loss on disposition of assets   1,479   1,479
Total operating costs   2,086   2,957
Income (loss) from operations   (2,086)   (2,957)
Interest, net   (7,066)   (19,805)
Write-off of debt issuance costs   (2,426)   (2,426)
Gain (loss) on derivatives   (6,937)   (6,454)
Reorganization Items   (2,205)   (2,205)
Other, net   4   11
Loss before income taxes   (20,716)   (33,836)
Income tax expense (benefit)   (6,455)   (9,880)
Equity in net earnings from investment in subsidiaries, net of taxes   (201,304)   (995,283)
Net loss   (215,565)   (1,019,239)
Less: net income (loss) attributable to non-controlling interest   84   (33,096)
Net loss attributable to Unit Corporation   (215,649)   (986,143)
Combined Guarantor Subsidiaries [Member]        
Condensed Financial Statements, Captions [Line Items]        
Revenues   56,159   141,315
Expenses:        
Operating costs   93,305   150,169
Depreciation, depletion, and amortization   25,005   73,478
Impairments   109,318   787,280
Loss on abandonment of assets       17,554
General and administrative   25,814   37,367
Loss on disposition of assets   (593)   (197)
Total operating costs   252,849   1,065,651
Income (loss) from operations   (196,690)   (924,336)
Interest, net   0   0
Write-off of debt issuance costs   0   0
Gain (loss) on derivatives   0   0
Reorganization Items   (4,822)   (4,822)
Other, net   18   53
Loss before income taxes   (201,494)   (929,105)
Income tax expense (benefit)   0   0
Equity in net earnings from investment in subsidiaries, net of taxes   0   0
Net loss   (201,494)   (929,105)
Less: net income (loss) attributable to non-controlling interest   0   0
Net loss attributable to Unit Corporation   (201,494)   (929,105)
Combined Non-Guarantor Subsidiaries [Member]        
Condensed Financial Statements, Captions [Line Items]        
Revenues   37,719   80,399
Expenses:        
Operating costs   26,671   58,988
Depreciation, depletion, and amortization   10,348   22,621
Impairments   0   63,962
Loss on abandonment of assets       0
General and administrative   0   0
Loss on disposition of assets   (9)   (15)
Total operating costs   37,010   145,556
Income (loss) from operations   709   (65,157)
Interest, net   (542)   (1,060)
Write-off of debt issuance costs   0   0
Gain (loss) on derivatives   0   0
Reorganization Items   0   0
Other, net   21   39
Loss before income taxes   188   (66,178)
Income tax expense (benefit)   0   0
Equity in net earnings from investment in subsidiaries, net of taxes   0   0
Net loss   188   (66,178)
Less: net income (loss) attributable to non-controlling interest   84   (33,096)
Net loss attributable to Unit Corporation   $ 104   $ (33,082)