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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, 2022
Dec. 31, 2020
Revenues:        
Total revenues $ 169,379 $ 556,066 $ 841,278 $ 733,687
Operating expenses:        
Depreciation 92,758 68,504 103,478 320,085
General and administrative 15,036 53,494 70,196 56,925
Impairment of assets 197,027 132,449 0 842,016
Restructuring and separation costs 0 0 0 17,724
(Gain) loss on disposition of assets (5,486) (1,024) (4,895) (7,375)
Total operating expenses 496,438 707,246 904,723 1,886,828
Operating loss (327,059) (151,180) (63,445) (1,153,141)
Other income (expense):        
Interest income 30 3 18 484
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) (40,423) (42,585)
Foreign currency transaction loss (172) (997) (3,023) (4,498)
Reorganization items, net (1,639,763) (8,088) 0 (76,910)
Other, net 398 10,752 1,267 560
Loss before income tax benefit (expense) (2,001,393) (175,690) (105,606) (1,276,090)
Income tax benefit (expense) 39,404 (1,654) 2,395 21,186
Net loss $ (1,961,989) $ (177,344) $ (103,211) $ (1,254,904)
Earnings Per Share, Basic $ (14.21) $ (1.77) $ (1.03) $ (9.09)
Earnings Per Share, Diluted $ (14.21) $ (1.77) $ (1.03) $ (9.09)
Weighted Average Number of Shares Outstanding, Basic 138,054 100,071 100,561 137,996
Weighted Average Number of Shares Outstanding, Diluted 138,054 100,071 100,561 137,996
Contract Drilling [Member]        
Revenues:        
Total revenues $ 153,364 $ 465,328 $ 724,744 $ 692,753
Operating expenses:        
Contract drilling, excluding depreciation 181,626 364,539 620,982 618,553
Reimbursable Expenses [Member]        
Revenues:        
Total revenues 16,015 90,738 116,534 40,934
Operating expenses:        
Contract drilling, excluding depreciation $ 15,477 $ 89,284 $ 114,962 $ 38,900