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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating revenues:      
Total operating revenues $ 2,470,685,000 $ 3,326,997,000 $ 2,356,684,000
Operating costs and expenses:      
Depreciation, depletion, amortization and impairment 1,003,873,000 916,318,000 783,341,000
Impairment of goodwill 17,800,000 211,129,000  
Selling, general and administrative 133,513,000 134,071,000 105,847,000
Provision for bad debts 5,683,000 0 0
Merger and integration expenses   2,738,000 74,451,000
Other operating income, net [1] (2,305,000) (17,569,000) (31,957,000)
Total operating costs and expenses 2,932,261,000 3,649,174,000 2,649,222,000
Operating loss (461,576,000) (322,177,000) (292,538,000)
Other income (expense):      
Interest income 6,013,000 5,597,000 1,866,000
Interest expense, net of amount capitalized (75,204,000) (51,578,000) (37,472,000)
Other 389,000 750,000 343,000
Total other expense (68,802,000) (45,231,000) (35,263,000)
Loss before income taxes (530,378,000) (367,408,000) (327,801,000)
Income tax benefit (104,675,000) (45,987,000) (333,711,000)
Net income (loss) $ (425,703,000) $ (321,421,000) $ 5,910,000
Net income (loss) per common share:      
Basic $ (2.10) $ (1.47) $ 0.03
Diluted $ (2.10) $ (1.47) $ 0.03
Weighted average number of common shares outstanding:      
Basic 203,039 218,643 198,447
Diluted 203,039 218,643 199,882
Contract Drilling      
Operating revenues:      
Total operating revenues $ 1,308,350,000 $ 1,430,492,000 $ 1,040,033,000
Operating costs and expenses:      
Operating costs and expenses 785,355,000 885,704,000 667,105,000
Impairment of goodwill 0 0  
Pressure Pumping      
Operating revenues:      
Total operating revenues 868,694,000 1,573,396,000 1,200,311,000
Operating costs and expenses:      
Operating costs and expenses 724,788,000 1,263,850,000 966,835,000
Impairment of goodwill   121,444,000  
Directional Drilling      
Operating revenues:      
Total operating revenues 188,786,000 209,275,000 45,580,000
Operating costs and expenses:      
Operating costs and expenses 178,645,000 175,829,000 32,172,000
Impairment of goodwill   89,685,000  
Other      
Operating revenues:      
Total operating revenues 104,855,000 113,834,000 70,760,000
Operating costs and expenses:      
Operating costs and expenses $ 84,909,000 $ 77,104,000 $ 51,428,000
[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 and certain research and development expenses.