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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating activities:      
Net (loss) income $ (357,214) $ (180,272) $ 18,346
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Depreciation 355,596 331,789 348,695
Loss on impairment of assets   27,225 99,313
Loss on extinguishment of senior notes     35,366
Restructuring and separation costs   1,478 14,146
Loss (gain) on disposition of assets 1,072 241 (10,500)
Deferred tax provision (56,908) (75,993) (72,127)
Stock-based compensation expense 6,208 6,749 6,250
Contract liabilities, net 27,578 183 8,676
Contract assets, net 2,625 (6,221)  
Deferred contract costs, net 59,141 22,765 46,337
Long-term employee remuneration programs 3,169 547 3,801
Other assets, noncurrent 52 (1,307) (326)
Other liabilities, noncurrent 6,514 (3,217) (963)
Other 2,380 1,013 3,907
Changes in operating assets and liabilities:      
Accounts receivable (37,832) 87,970 (11,049)
Prepaid expenses and other current assets (1,170) 6,211 (1,291)
Accounts payable and accrued liabilities 3,897 (7,587) 19,803
Taxes payable (6,019) 20,484 (14,576)
Net cash provided by operating activities 9,089 232,058 493,808
Investing activities:      
Capital expenditures (including rig construction) (326,090) (222,406) (139,581)
Proceeds from disposition of assets, net of disposal costs 16,217 70,067 15,196
Proceeds from sale and maturities of marketable securities 2,300,000 1,600,000 35
Purchase of marketable securities (1,996,996) (1,895,997)  
Net cash used in investing activities (6,869) (448,336) (124,350)
Financing activities:      
Redemption of senior notes     (500,000)
Payment of debt extinguishment costs     (34,395)
Proceeds from issuance of senior notes     496,360
Repayment of short-term borrowings, net     (104,200)
Debt issuance costs and arrangement fees (12) (5,651) (7,263)
Other   (35) (156)
Net cash used in financing activities (12) (5,686) (149,654)
Net change in cash and cash equivalents 2,208 (221,964) 219,804
Cash and cash equivalents, beginning of year 154,073 376,037 156,233
Cash and cash equivalents, end of year $ 156,281 $ 154,073 $ 376,037