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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 4 Months Ended 5 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Apr. 23, 2021
Sep. 30, 2021
Sep. 30, 2020
Revenues:          
Total revenues $ 213,877 $ 138,257 $ 169,379 $ 328,788 $ 565,630
Operating expenses:          
Depreciation 25,150 75,330 92,758 43,885 243,208
General and administrative 20,976 12,781 15,036 37,193 44,827
Impairment of assets     197,027   774,028
Restructuring and separation costs   344     17,463
Gain on disposition of assets (767) (479) (5,486) (943) (4,132)
Total operating expenses 210,613 227,475 496,438 352,672 1,584,767
Operating income (loss) 3,264 (89,218) (327,059) (23,884) (1,019,137)
Other income (expense):          
Interest income 2 22 30 3 520
Interest expense, net of amounts capitalized (excludes $37,834 of contractual interest expense on debt subject to compromise for the three-month period ended September 30, 2020) (9,777) (98) (34,827) (16,874) (42,753)
Foreign currency transaction gain (loss) 1,173 (661) (172) 259 (1,458)
Reorganization items, net (1,916) (8,663) (1,639,763) (7,454) (62,640)
Other, net (14) 107 398 10,692 349
Loss before income tax benefit (expense) (7,268) (98,511) (2,001,393) (37,258) (1,125,119)
Income tax benefit (expense) 2,086 (95) 39,404 (15,217) 19,753
Net loss $ (5,182) $ (98,606) $ (1,961,989) $ (52,475) $ (1,105,366)
Loss per share, Basic and Diluted $ (0.05) $ (0.71) $ (14.21) $ (0.52) $ (8.01)
Weighted-average shares outstanding, Basic and Diluted 100,075 138,054 138,054 100,068 137,976
Contract Drilling [Member]          
Revenues:          
Total revenues $ 183,156 $ 129,345 $ 153,364 $ 281,189 $ 535,848
Operating expenses:          
Contract drilling, excluding depreciation 135,181 130,921 181,626 225,892 481,376
Reimbursable Expenses [Member]          
Revenues:          
Total revenues 30,721 8,912 16,015 47,599 29,782
Operating expenses:          
Contract drilling, excluding depreciation $ 30,073 $ 8,578 $ 15,477 $ 46,645 $ 27,997