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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, 2020
Apr. 23, 2021
Jun. 30, 2020
Revenues:          
Total revenues $ 34,562 $ 114,911 $ 198,203 $ 169,379 $ 427,373
Operating expenses:          
Depreciation 18,132 18,735 74,835 92,758 167,878
General and administrative 2,670 16,217 15,701 15,036 32,046
Impairment of assets       197,027 774,028
Restructuring and separation costs     17,119   17,119
Gain on disposition of assets (85) (176) (220) (5,486) (3,653)
Total operating expenses 64,410 142,059 281,685 496,438 1,357,292
Operating loss (29,848) (27,148) (83,482) (327,059) (929,919)
Other income (expense):          
Interest income   1 108 30 498
Interest expense, net of amounts capitalized (excludes $7,124 and $24,635 of contractual interest expense on debt subject to compromise for the period from April 1, 2021 through April 23, 2021 and the three-month period ended June 30, 2020) (2,265) (7,097) (10,333) (34,827) (42,655)
Foreign currency transaction loss (797) (914) (1,004) (172) (797)
Reorganization items, net (1,604,512) (5,538) (53,977) (1,639,763) (53,977)
Other, net (90) 10,706 (81) 398 242
Loss before income tax (expense) benefit (1,637,512) (29,990) (148,769) (2,001,393) (1,026,608)
Income tax (expense) benefit 37,204 (17,303) 3,949 39,404 19,848
Net loss $ (1,600,308) $ (47,293) $ (144,820) $ (1,961,989) $ (1,006,760)
Loss per share, Basic and Diluted $ (11.59) $ (0.47) $ (1.05) $ (14.21) $ (7.30)
Weighted-average shares outstanding, Basic and Diluted 138,054 100,059 138,043 138,054 137,937
Contract Drilling [Member]          
Revenues:          
Total revenues $ 30,811 $ 98,033 $ 188,637 $ 153,364 $ 406,503
Operating expenses:          
Contract drilling, excluding depreciation 40,053 90,711 165,943 181,626 350,455
Reimbursable Expenses [Member]          
Revenues:          
Total revenues 3,751 16,878 9,566 16,015 20,870
Operating expenses:          
Contract drilling, excluding depreciation $ 3,640 $ 16,572 $ 8,307 $ 15,477 $ 19,419