XML 14 R4.htm IDEA: XBRL DOCUMENT v3.19.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Operating revenues:    
Total operating revenues $ 704,171 $ 809,164
Operating costs and expenses:    
Depreciation, depletion, amortization and impairment 214,410 209,892
Selling, general and administrative 32,555 32,817
Merger and integration expenses   1,991
Other operating income, net [1] (8,736) (2,421)
Total operating costs and expenses 727,554 831,266
Operating loss (23,383) (22,102)
Other income (expense):    
Interest income 1,032 1,423
Interest expense, net of amount capitalized (12,984) (13,625)
Other 117 169
Total other expense (11,835) (12,033)
Loss before income taxes (35,218) (34,135)
Income tax expense (benefit) (6,604) 282
Net loss $ (28,614) $ (34,417)
Net loss per common share:    
Basic $ (0.14) $ (0.16)
Diluted $ (0.14) $ (0.16)
Weighted average number of common shares outstanding:    
Basic 211,868 220,783
Diluted 211,868 220,783
Cash dividends per common share $ 0.04 $ 0.02
Contract Drilling    
Operating revenues:    
Total operating revenues $ 372,392 $ 327,803
Operating costs and expenses:    
Operating costs and expenses 219,202 212,583
Pressure Pumping    
Operating revenues:    
Total operating revenues 247,601 406,784
Operating costs and expenses:    
Operating costs and expenses 202,748 320,970
Directional Drilling    
Operating revenues:    
Total operating revenues 52,959 48,616
Operating costs and expenses:    
Operating costs and expenses 45,602 37,689
Other    
Operating revenues:    
Total operating revenues 31,219 25,961
Operating costs and expenses:    
Operating costs and expenses $ 21,773 $ 17,745
[1] Other operating income, net includes net gains associated with the disposal of assets related to corporate strategy decisions of the executive management group. Accordingly, the related gains have been excluded from the operating results of specific segments. This caption also includes certain legal-related expenses and settlements, net of insurance reimbursements.