XML 62 R50.htm IDEA: XBRL DOCUMENT v3.10.0.1
Segment Information (Details)
$ in Millions
3 Months Ended 6 Months Ended 10 Months Ended
Jun. 30, 2018
USD ($)
Jun. 30, 2017
USD ($)
Jun. 30, 2018
USD ($)
segment
Jun. 30, 2017
USD ($)
Oct. 16, 2017
segment
Segment Reporting [Abstract]          
Number of Operating Segments | segment     3   2
Segment Reporting Information [Line Items]          
Revenue $ 241.3 $ 320.2 $ 452.5 $ 694.5  
Operating expenses:          
Direct operating costs (excluding items below) 176.3 168.8 333.7 340.1  
Depreciation and amortization 97.4 101.5 195.3 200.6  
Selling, general and administrative 25.2 22.2 50.8 46.4  
Other operating items 2.2 3.1 3.5 6.5  
Equity in earnings of unconsolidated subsidiary 1.6 0.0 0.3 0.0  
INCOME (LOSS) FROM OPERATIONS (58.2) 24.6 (130.5) 100.9  
Deepwater Segment [Member]          
Segment Reporting Information [Line Items]          
Revenue 65.8 122.7 117.9 283.4  
Jack-ups [Member]          
Segment Reporting Information [Line Items]          
Revenue 166.6 197.5 316.7 411.1  
Reporting Segments          
Segment Reporting Information [Line Items]          
Revenue 312.1 320.2 581.6 694.5  
Operating expenses:          
Direct operating costs (excluding items below) 212.2 168.8 403.0 340.1  
Depreciation and amortization 114.2 101.5 228.7 200.6  
Selling, general and administrative 32.0 22.2 64.0 46.4  
Other operating items 3.1 3.1 4.5 6.5  
Equity in earnings of unconsolidated subsidiary 0.0   0.0    
INCOME (LOSS) FROM OPERATIONS (49.4) 24.6 (118.6) 100.9  
Reporting Segments | Deepwater Segment [Member]          
Segment Reporting Information [Line Items]          
Revenue 65.8 122.7 117.9 283.4  
Operating expenses:          
Direct operating costs (excluding items below) 40.8 39.0 69.8 83.9  
Depreciation and amortization 27.0 28.4 53.9 56.7  
Selling, general and administrative 0.0 0.0 0.0 0.0  
Other operating items 0.0 0.0 0.0 0.0  
Equity in earnings of unconsolidated subsidiary 0.0   0.0    
INCOME (LOSS) FROM OPERATIONS (2.0) 55.3 (5.8) 142.8  
Reporting Segments | Jack-ups [Member]          
Segment Reporting Information [Line Items]          
Revenue 166.6 197.5 316.7 411.1  
Operating expenses:          
Direct operating costs (excluding items below) 135.5 129.8 263.9 256.2  
Depreciation and amortization 69.9 72.4 140.2 142.5  
Selling, general and administrative 0.0 0.0 0.0 0.0  
Other operating items 2.2 3.2 3.5 6.6  
Equity in earnings of unconsolidated subsidiary 0.0   0.0    
INCOME (LOSS) FROM OPERATIONS (41.0) (7.9) (90.9) 5.8  
Reporting Segments | ARO Segment [Member]          
Segment Reporting Information [Line Items]          
Revenue 70.8 0.0 129.1 0.0  
Operating expenses:          
Direct operating costs (excluding items below) 35.9 0.0 69.3 0.0  
Depreciation and amortization 16.8 0.0 33.4 0.0  
Selling, general and administrative 6.8 0.0 13.2 0.0  
Other operating items 0.9 0.0 1.0 0.0  
Equity in earnings of unconsolidated subsidiary 0.0   0.0    
INCOME (LOSS) FROM OPERATIONS 10.4 0.0 12.2 0.0  
Unallocated and other          
Segment Reporting Information [Line Items]          
Revenue 8.9 0.0 17.9 0.0  
Operating expenses:          
Direct operating costs (excluding items below) 0.0 0.0 0.0 0.0  
Depreciation and amortization 0.5 0.7 1.2 1.4  
Selling, general and administrative 25.2 22.2 50.8 46.4  
Other operating items 0.0 (0.1) 0.0 (0.1)  
Equity in earnings of unconsolidated subsidiary 0.0   0.0    
INCOME (LOSS) FROM OPERATIONS (16.8) (22.8) (34.1) (47.7)  
Eliminations and adjustments          
Segment Reporting Information [Line Items]          
Revenue (70.8) 0.0 (129.1) 0.0  
Operating expenses:          
Direct operating costs (excluding items below) (35.9) 0.0 (69.3) 0.0  
Depreciation and amortization (16.8) 0.0 (33.4) 0.0  
Selling, general and administrative (6.8) 0.0 (13.2) 0.0  
Other operating items (0.9) 0.0 (1.0) 0.0  
Equity in earnings of unconsolidated subsidiary 1.6   0.3    
INCOME (LOSS) FROM OPERATIONS (8.8) 0.0 (11.9) 0.0  
Parent Company [Member] | Saudi Arabia Joint Venture [Member]          
Operating expenses:          
Equity in earnings of unconsolidated subsidiary $ 1.6   $ 0.3    
Equity Method Investment, Ownership Percentage 50.00%   50.00%    
Saudi Arabia | Jack-ups [Member]          
Segment Reporting Information [Line Items]          
Revenue $ 94.1 93.3 $ 182.0 187.5  
Saudi Arabia | Unallocated and other          
Segment Reporting Information [Line Items]          
Revenue 8.9 0.0 17.9 0.0  
Norway | Jack-ups [Member]          
Segment Reporting Information [Line Items]          
Revenue 24.6 43.9 63.4 95.1  
Trinidad | Jack-ups [Member]          
Segment Reporting Information [Line Items]          
Revenue 31.7 34.6 43.3 76.0  
United Kingdom | Jack-ups [Member]          
Segment Reporting Information [Line Items]          
Revenue 11.5 13.7 21.9 29.2  
United States | Deepwater Segment [Member]          
Segment Reporting Information [Line Items]          
Revenue 65.8 120.3 117.9 281.0  
United States | Jack-ups [Member]          
Segment Reporting Information [Line Items]          
Revenue 4.7 11.9 6.1 23.2  
Other | Deepwater Segment [Member]          
Segment Reporting Information [Line Items]          
Revenue 0.0 2.4 0.0 2.4  
Other | Jack-ups [Member]          
Segment Reporting Information [Line Items]          
Revenue $ 0.0 $ 0.1 $ 0.0 $ 0.1  
Saudi Aramco [Member] | Saudi Arabia Joint Venture [Member]          
Operating expenses:          
Equity Method Investment, Ownership Percentage 50.00%   50.00%