XML 19 R4.htm IDEA: XBRL DOCUMENT v3.6.0.2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Operating revenues:      
Other $ 18,133,000 $ 24,931,000 $ 50,196,000
Total operating revenues 915,866,000 1,891,277,000 3,182,291,000
Operating costs and expenses:      
Contract drilling 305,804,000 608,848,000 1,066,659,000
Pressure pumping 334,588,000 612,021,000 1,036,310,000
Other 8,384,000 11,500,000 13,102,000
Depreciation, depletion, amortization and impairment 668,434,000 864,759,000 718,730,000
Impairment of goodwill   124,561,000  
Selling, general and administrative 69,205,000 74,913,000 80,145,000
Other operating (income) expense, net [1] (14,323,000) 1,647,000 (15,781,000)
Total operating costs and expenses 1,372,092,000 2,298,249,000 2,899,165,000
Operating income (loss) (456,226,000) (406,972,000) 283,126,000
Other income (expense):      
Interest income 327,000 964,000 979,000
Interest expense, net of amount capitalized (40,366,000) (36,475,000) (29,825,000)
Other 69,000 34,000 3,000
Total other expense (39,970,000) (35,477,000) (28,843,000)
Income (loss) before income taxes (496,196,000) (442,449,000) 254,283,000
Income tax expense (benefit) (177,562,000) (147,963,000) 91,619,000
Net income (loss) $ (318,634,000) $ (294,486,000) $ 162,664,000
Net income (loss) per common share:      
Basic $ (2.18) $ (2.00) $ 1.12
Diluted $ (2.18) $ (2.00) $ 1.11
Weighted average number of common shares outstanding:      
Basic 146,178 145,416 144,066
Diluted 146,178 145,416 145,376
Cash dividends per common share $ 0.16 $ 0.40 $ 0.40
Contract Drilling      
Operating revenues:      
Oil and gas services $ 543,663,000 $ 1,153,892,000 $ 1,838,830,000
Operating costs and expenses:      
Impairment of goodwill   0  
Pressure Pumping      
Operating revenues:      
Oil and gas services $ 354,070,000 $ 712,454,000 $ 1,293,265,000
[1] Other operating income (expense), net includes net gains or losses associated with the disposal of assets relate to corporate strategy decisions of the executive management group. Accordingly, the related gains or losses have been separately presented and excluded from the results of specific segments. This caption also includes expenses related to certain legal settlements net of insurance reimbursements.