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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
4 Months Ended 8 Months Ended 12 Months Ended
Apr. 23, 2021
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenues:        
Total revenues $ 169,379 $ 556,066 $ 733,687 $ 980,644
Operating expenses:        
Depreciation 92,758 68,504 320,085 355,596
General and administrative 15,036 53,494 56,925 67,878
Impairment of assets 197,027 132,449 842,016  
Restructuring and separation costs     17,724  
(Gain) loss on disposition of assets (5,486) (1,024) (7,375) 1,072
Total operating expenses 496,438 707,246 1,886,828 1,262,974
Operating loss (327,059) (151,180) (1,153,141) (282,330)
Other income (expense):        
Interest income 30 3 484 6,382
Interest expense, (excludes $35,390 and $98,027 of contractual interest expense on debt subject to compromise for the period from January 1, 2021 through April 23, 2021 and the year ended December 31, 2020, respectively) (34,827) (26,180) (42,585) (122,832)
Foreign currency transaction loss (172) (997) (4,498) (3,936)
Reorganization items, net (1,639,763) (8,088) (76,910)  
Other, net 398 10,752 560 702
Loss before income tax (expense) benefit (2,001,393) (175,690) (1,276,090) (402,014)
Income tax (expense) benefit 39,404 (1,654) 21,186 44,800
Net loss $ (1,961,989) $ (177,344) $ (1,254,904) $ (357,214)
Loss per share, Basic and Diluted $ (14.21) $ (1.77) $ (9.09) $ (2.60)
Weighted-average shares outstanding, Basic and Diluted 138,054 100,071 137,996 137,652
Contract Drilling [Member]        
Revenues:        
Total revenues $ 153,364 $ 465,328 $ 692,753 $ 934,934
Operating expenses:        
Contract drilling, excluding depreciation 181,626 364,539 618,553 793,412
Reimbursable Expenses [Member]        
Revenues:        
Total revenues 16,015 90,738 40,934 45,710
Operating expenses:        
Contract drilling, excluding depreciation $ 15,477 $ 89,284 $ 38,900 $ 45,016