XML 14 R4.htm IDEA: XBRL DOCUMENT v3.19.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenues:    
Total revenues $ 233,542 $ 295,510
Operating expenses:    
Depreciation 86,898 81,825
General and administrative 17,312 18,513
Restructuring and separation costs   3,011
Loss (gain) on disposition of assets 4,287 (510)
Total operating expenses 282,669 294,998
Operating (loss) income (49,127) 512
Other income (expense):    
Interest income 2,414 1,637
Interest expense, net of amounts capitalized (29,925) (28,318)
Foreign currency transaction (loss) gain (1,085) 447
Other, net 333 580
Loss before income tax benefit (77,390) (25,142)
Income tax benefit 4,062 44,463
Net (loss) income $ (73,328) $ 19,321
(Loss) Earnings per share, Basic and Diluted $ (0.53) $ 0.14
Weighted-average shares outstanding:    
Shares of common stock 137,522,000 137,294,000
Dilutive potential shares of common stock   201,000
Total weighted-average shares outstanding 137,522,000 137,495,000
Contract Drilling [Member]    
Revenues:    
Total revenues $ 226,697 $ 287,926
Operating expenses:    
Contract drilling, excluding depreciation 167,429 184,689
Reimbursable Expenses [Member]    
Revenues:    
Total revenues 6,845 7,584
Operating expenses:    
Contract drilling, excluding depreciation $ 6,743 $ 7,470