XML 13 R4.htm IDEA: XBRL DOCUMENT v3.22.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
1 Months Ended 2 Months Ended 3 Months Ended 4 Months Ended 6 Months Ended
Apr. 23, 2021
Jun. 30, 2021
Jun. 30, 2022
Apr. 23, 2021
Jun. 30, 2022
Revenues:          
Total revenues $ 34,562 $ 114,911 $ 205,702 $ 169,379 $ 391,941
Operating expenses:          
Depreciation 18,132 18,735 25,693 92,758 52,645
General and administrative 2,670 16,217 19,753 15,036 36,485
Impairment of assets   0   197,027 0
Gain on disposition of assets (85) (176) (685) (5,486) (4,729)
Total operating expenses 64,410 142,059 215,465 496,438 435,620
Operating loss (29,848) (27,148) (9,763) (327,059) (43,679)
Other income (expense):          
Interest income 0 1 0 30 1
Interest expense, net of amounts capitalized (2,265) (7,097) (10,103) (34,827) (18,428)
Foreign currency transaction gain (loss) (797) (914) 1,607 (172) (522)
Reorganization items, net (1,604,512) (5,538) 0 (1,639,763) 0
Other, net (90) 10,706 (47) 398 1,315
Loss before income tax (expense) benefit (1,637,512) (29,990) (18,306) (2,001,393) (61,313)
Income tax (expense) benefit 37,204 (17,303) (3,623) 39,404 5,030
Net loss $ (1,600,308) $ (47,293) $ (21,929) $ (1,961,989) $ (56,283)
Loss per share, Basic $ (11.59) $ (0.47) $ (0.22) $ (14.21) $ (0.56)
Loss per share, Diluted $ (11.59) $ (0.47) $ (0.22) $ (14.21) $ (0.56)
Weighted-average shares outstanding, Basic 138,054 100,059 100,108 138,054 100,092
Weighted-average shares outstanding, Diluted 138,054 100,059 100,108 138,054 100,092
Contract Drilling [Member]          
Revenues:          
Total revenues $ 30,811 $ 98,033 $ 176,879 $ 153,364 $ 327,131
Operating expenses:          
Contract drilling, excluding depreciation 40,053 90,711 142,150 181,626 287,052
Reimbursable Expenses [Member]          
Revenues:          
Total revenues 3,751 16,878 28,823 16,015 64,810
Operating expenses:          
Contract drilling, excluding depreciation $ 3,640 $ 16,572 $ 28,554 $ 15,477 $ 64,167