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GUARANTOR AND NON-GUARANTOR FINANCIAL INFORMATION (Tables) | 12 Months Ended
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Sep. 30, 2018
GUARANTOR AND NON-GUARANTOR FINANCIAL INFORMATION |
Schedule of Condensed Consolidating Balance Sheets | CONDENSED CONSOLIDATING BALANCE SHEETS
|  | September 30, 2018
|  |  |  | Helmerich & Payne |  |  |  |  |  |  |
|  | Helmerich & Payne, Inc. |  | International Drilling Co. |  | Non-Guarantor |  |  |  |  | Total
(In thousands) |  | (Guarantor) |  | (Issuer) |  | Subsidiaries |  | Eliminations |  | Consolidated
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | — |  | $ | 273,214 |  | $ | 11,141 |  | $ | — |  | $ | 284,355
Short-term investments |  |  | — |  |  | 41,461 |  |  | — |  |  | — |  |  | 41,461
Accounts receivable, net of allowance |  |  | (29) |  |  | 499,644 |  |  | 65,859 |  |  | (272) |  |  | 565,202
Inventories of materials and supplies |  |  | — |  |  | 127,154 |  |  | 30,980 |  |  | — |  |  | 158,134
Prepaid expenses and other |  |  | 20,783 |  |  | 10,649 |  |  | 35,539 |  |  | (573) |  |  | 66,398
Total current assets |  |  | 20,754 |  |  | 952,122 |  |  | 143,519 |  |  | (845) |  |  | 1,115,550
Investments |  |  | 16,200 |  |  | 82,496 |  |  | — |  |  | — |  |  | 98,696
Property, plant and equipment, net |  |  | 46,859 |  |  | 4,515,077 |  |  | 295,446 |  |  | — |  |  | 4,857,382
Intercompany receivables |  |  | 161,532 |  |  | 2,024,652 |  |  | 294,206 |  |  | (2,480,390) |  |  | —
Goodwill |  |  | — |  |  | — |  |  | 64,777 |  |  | — |  |  | 64,777
Intangible assets, net |  |  | — |  |  | — |  |  | 73,207 |  |  | — |  |  | 73,207
Other assets |  |  | 268 |  |  | 907 |  |  | 4,080 |  |  | — |  |  | 5,255
Investment in subsidiaries |  |  | 5,981,197 |  |  | 172,513 |  |  | — |  |  | (6,153,710) |  |  | —
Total assets |  | $ | 6,226,810 |  | $ | 7,747,767 |  | $ | 875,235 |  | $ | (8,634,945) |  | $ | 6,214,867
Liabilities and Shareholders' Equity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable |  | $ | 83,819 |  | $ | 43,626 |  | $ | 5,483 |  | $ | (264) |  | $ | 132,664
Accrued liabilities |  |  | 43,449 |  |  | 164,542 |  |  | 37,093 |  |  | (580) |  |  | 244,504
Total current liabilities |  |  | 127,268 |  |  | 208,168 |  |  | 42,576 |  |  | (844) |  |  | 377,168
Noncurrent liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term debt |  |  | — |  |  | 493,968 |  |  | — |  |  | — |  |  | 493,968
Deferred income taxes |  |  | (7,112) |  |  | 834,714 |  |  | 25,534 |  |  | — |  |  | 853,136
Intercompany payables |  |  | 1,701,694 |  |  | 178,759 |  |  | 599,837 |  |  | (2,480,290) |  |  | —
Other |  |  | 22,225 |  |  | 48,836 |  |  | 22,545 |  |  | — |  |  | 93,606
Noncurrent liabilities - discontinued operations |  |  | — |  |  | — |  |  | 14,254 |  |  | — |  |  | 14,254
Total noncurrent liabilities |  |  | 1,716,807 |  |  | 1,556,277 |  |  | 662,170 |  |  | (2,480,290) |  |  | 1,454,964
Shareholders’ equity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Common stock |  |  | 11,201 |  |  | 100 |  |  | — |  |  | (100) |  |  | 11,201
Additional paid-in capital |  |  | 500,393 |  |  | 52,437 |  |  | 1,040 |  |  | (53,477) |  |  | 500,393
Retained earnings |  |  | 4,027,779 |  |  | 5,910,955 |  |  | 169,449 |  |  | (6,080,404) |  |  | 4,027,779
Accumulated other comprehensive income |  |  | 16,550 |  |  | 19,830 |  |  | — |  |  | (19,830) |  |  | 16,550
Treasury stock, at cost |  |  | (173,188) |  |  | — |  |  | — |  |  | — |  |  | (173,188)
Total shareholders’ equity |  |  | 4,382,735 |  |  | 5,983,322 |  |  | 170,489 |  |  | (6,153,811) |  |  | 4,382,735
Total liabilities and shareholders’ equity |  | $ | 6,226,810 |  | $ | 7,747,767 |  | $ | 875,235 |  | $ | (8,634,945) |  | $ | 6,214,867
|  | September 30, 2017
|  |  |  | Helmerich & Payne |  |  |  |  |  |  |
|  | Helmerich & Payne, Inc. |  | International Drilling Co. |  | Non-Guarantor |  |  |  |  | Total
(In thousands) |  | (Guarantor) |  | (Issuer) |  | Subsidiaries |  | Eliminations |  | Consolidated
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | — |  | $ | 507,504 |  | $ | 13,871 |  | $ | — |  | $ | 521,375
Short-term investments |  |  | — |  |  | 44,491 |  |  | — |  |  | — |  |  | 44,491
Accounts receivable, net of allowance |  |  | 766 |  |  | 411,599 |  |  | 64,714 |  |  | (5) |  |  | 477,074
Inventories of materials and supplies |  |  | — |  |  | 102,470 |  |  | 34,734 |  |  | — |  |  | 137,204
Prepaid expenses and other |  |  | 12,200 |  |  | 6,383 |  |  | 36,982 |  |  | (442) |  |  | 55,123
Total current assets |  |  | 12,966 |  |  | 1,072,447 |  |  | 150,301 |  |  | (447) |  |  | 1,235,267
Investments |  |  | 13,853 |  |  | 70,173 |  |  | — |  |  | — |  |  | 84,026
Property, plant and equipment, net |  |  | 49,851 |  |  | 4,609,144 |  |  | 342,056 |  |  | — |  |  | 5,001,051
Intercompany receivables |  |  | 90,885 |  |  | 1,746,662 |  |  | 248,540 |  |  | (2,086,087) |  |  | —
Goodwill |  |  | — |  |  | — |  |  | 51,705 |  |  | — |  |  | 51,705
Intangible assets, net |  |  | — |  |  | — |  |  | 50,785 |  |  | — |  |  | 50,785
Other assets |  |  | 4,955 |  |  | 3,839 |  |  | 8,360 |  |  | — |  |  | 17,154
Investment in subsidiaries |  |  | 5,470,050 |  |  | 183,382 |  |  | — |  |  | (5,653,432) |  |  | —
Total assets |  | $ | 5,642,560 |  | $ | 7,685,647 |  | $ | 851,747 |  | $ | (7,739,966) |  | $ | 6,439,988
Liabilities and Shareholders' Equity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable |  | $ | 82,947 |  | $ | 48,092 |  | $ | 4,589 |  | $ | — |  | $ | 135,628
Accrued liabilities |  |  | 26,698 |  |  | 148,491 |  |  | 34,015 |  |  | (447) |  |  | 208,757
Total current liabilities |  |  | 109,645 |  |  | 196,583 |  |  | 38,604 |  |  | (447) |  |  | 344,385
Noncurrent liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term debt |  |  | — |  |  | 492,902 |  |  | — |  |  | — |  |  | 492,902
Deferred income taxes |  |  | (11,201) |  |  | 1,286,381 |  |  | 57,509 |  |  | — |  |  | 1,332,689
Intercompany payables |  |  | 1,354,068 |  |  | 210,823 |  |  | 521,096 |  |  | (2,085,987) |  |  | —
Other |  |  | 25,457 |  |  | 43,471 |  |  | 32,481 |  |  | — |  |  | 101,409
Noncurrent liabilities - discontinued operations |  |  | — |  |  | — |  |  | 4,012 |  |  | — |  |  | 4,012
Total noncurrent liabilities |  |  | 1,368,324 |  |  | 2,033,577 |  |  | 615,098 |  |  | (2,085,987) |  |  | 1,931,012
Shareholders’ equity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Common stock |  |  | 11,196 |  |  | 100 |  |  | — |  |  | (100) |  |  | 11,196
Additional paid-in capital |  |  | 487,248 |  |  | 52,437 |  |  | 1,039 |  |  | (53,476) |  |  | 487,248
Retained earnings |  |  | 3,855,686 |  |  | 5,396,212 |  |  | 197,006 |  |  | (5,593,218) |  |  | 3,855,686
Accumulated other comprehensive income |  |  | 2,300 |  |  | 6,738 |  |  | — |  |  | (6,738) |  |  | 2,300
Treasury stock, at cost |  |  | (191,839) |  |  | — |  |  | — |  |  | — |  |  | (191,839)
Total shareholders’ equity |  |  | 4,164,591 |  |  | 5,455,487 |  |  | 198,045 |  |  | (5,653,532) |  |  | 4,164,591
Total liabilities and shareholders’ equity |  | $ | 5,642,560 |  | $ | 7,685,647 |  | $ | 851,747 |  | $ | (7,739,966) |  | $ | 6,439,988
Schedule of Condensed Consolidating Statements of Operations | CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
|  | Year Ended September 30, 2018
|  |  |  | Helmerich & Payne |  |  |  |  |  |  |
|  | Helmerich & Payne, Inc. |  | International Drilling Co. |  | Non-Guarantor |  |  |  |  | Total
(In thousands) |  | (Guarantor) |  | (Issuer) |  | Subsidiaries |  | Eliminations |  | Consolidated
Operating revenue |  | $ | — |  | $ | 2,210,695 |  | $ | 276,660 |  | $ | (87) |  | $ | 2,487,268
Operating costs and other |  |  | 14,276 |  |  | 2,120,465 |  |  | 321,863 |  |  | (938) |  |  | 2,455,666
Operating income (loss) from continuing operations |  |  | (14,276) |  |  | 90,230 |  |  | (45,203) |  |  | 851 |  |  | 31,602
Other income (expense), net |  |  | 526 |  |  | 7,363 |  |  | 1,466 |  |  | (851) |  |  | 8,504
Interest expense |  |  | (499) |  |  | (20,426) |  |  | (3,340) |  |  | — |  |  | (24,265)
Equity in net income (loss) of subsidiaries |  |  | 498,055 |  |  | (11,039) |  |  | — |  |  | (487,016) |  |  | —
Income (loss) from continuing operations before income taxes |  |  | 483,806 |  |  | 66,128 |  |  | (47,077) |  |  | (487,016) |  |  | 15,841
Income tax (benefit) provision |  |  | 1,134 |  |  | (448,613) |  |  | (29,690) |  |  | — |  |  | (477,169)
Income (loss) from continuing operations |  |  | 482,672 |  |  | 514,741 |  |  | (17,387) |  |  | (487,016) |  |  | 493,010
Income from discontinued operations before income taxes |  |  | — |  |  | — |  |  | 23,389 |  |  | — |  |  | 23,389
Income tax provision |  |  | — |  |  | — |  |  | 33,727 |  |  | — |  |  | 33,727
Loss from discontinued operations |  |  | — |  |  | — |  |  | (10,338) |  |  | — |  |  | (10,338)
Net income (loss) |  | $ | 482,672 |  | $ | 514,741 |  | $ | (27,725) |  | $ | (487,016) |  | $ | 482,672
|  | Year Ended September 30, 2017
|  |  |  | Helmerich & Payne |  |  |  |  |  |  |
|  | Helmerich & Payne, Inc. |  | International Drilling Co. |  | Non-Guarantor |  |  |  |  | Total
(In thousands) |  | (Guarantor) |  | (Issuer) |  | Subsidiaries |  | Eliminations |  | Consolidated
Operating revenue |  | $ | — |  | $ | 1,575,787 |  | $ | 229,021 |  | $ | (67) |  | $ | 1,804,741
Operating costs and other |  |  | 16,566 |  |  | 1,707,473 |  |  | 254,125 |  |  | (882) |  |  | 1,977,282
Operating income (loss) from continuing operations |  |  | (16,566) |  |  | (131,686) |  |  | (25,104) |  |  | 815 |  |  | (172,541)
Other income (expense), net |  |  | (240) |  |  | 7,342 |  |  | 1,403 |  |  | (815) |  |  | 7,690
Interest expense |  |  | (398) |  |  | (20,136) |  |  | 787 |  |  | — |  |  | (19,747)
Equity in net income (loss) of subsidiaries |  |  | (116,212) |  |  | (8,012) |  |  | — |  |  | 124,224 |  |  | —
Income (loss) from continuing operations before income taxes |  |  | (133,416) |  |  | (152,492) |  |  | (22,914) |  |  | 124,224 |  |  | (184,598)
Income tax benefit |  |  | (5,204) |  |  | (38,600) |  |  | (12,931) |  |  | — |  |  | (56,735)
Income (loss) from continuing operations |  |  | (128,212) |  |  | (113,892) |  |  | (9,983) |  |  | 124,224 |  |  | (127,863)
Income from discontinued operations before income taxes |  |  | — |  |  | — |  |  | 3,285 |  |  | — |  |  | 3,285
Income tax provision |  |  | — |  |  | — |  |  | 3,634 |  |  | — |  |  | 3,634
Loss from discontinued operations |  |  | — |  |  | — |  |  | (349) |  |  | — |  |  | (349)
Net income (loss) |  | $ | (128,212) |  | $ | (113,892) |  | $ | (10,332) |  | $ | 124,224 |  | $ | (128,212)
|  | Year Ended September 30, 2016
|  |  |  | Helmerich & Payne |  |  |  |  |  |  |
|  | Helmerich & Payne, Inc. |  | International Drilling Co. |  | Non-Guarantor |  |  |  |  | Total
(In thousands) |  | (Guarantor) |  | (Issuer) |  | Subsidiaries |  | Eliminations |  | Consolidated
Operating revenue |  | $ | — |  | $ | 1,373,511 |  | $ | 250,791 |  | $ | (70) |  | $ | 1,624,232
Operating costs and other |  |  | 13,145 |  |  | 1,358,269 |  |  | 280,107 |  |  | (1,323) |  |  | 1,650,198
Operating income (loss) from continuing operations |  |  | (13,145) |  |  | 15,242 |  |  | (29,316) |  |  | 1,253 |  |  | (25,966)
Other expense, net |  |  | (194) |  |  | (22,243) |  |  | (98) |  |  | (1,253) |  |  | (23,788)
Interest expense |  |  | (375) |  |  | (20,256) |  |  | (2,282) |  |  | — |  |  | (22,913)
Equity in net income (loss) of subsidiaries |  |  | (47,166) |  |  | (14,472) |  |  | — |  |  | 61,638 |  |  | —
Loss from continuing operations before income taxes |  |  | (60,880) |  |  | (41,729) |  |  | (31,696) |  |  | 61,638 |  |  | (72,667)
Income tax (benefit) provision |  |  | (4,052) |  |  | 5,127 |  |  | (20,752) |  |  | — |  |  | (19,677)
Income (loss) from continuing operations |  |  | (56,828) |  |  | (46,856) |  |  | (10,944) |  |  | 61,638 |  |  | (52,990)
Income from discontinued operations before income taxes |  |  | — |  |  | — |  |  | 2,360 |  |  | — |  |  | 2,360
Income tax provision |  |  | — |  |  | — |  |  | 6,198 |  |  | — |  |  | 6,198
Loss from discontinued operations |  |  | — |  |  | — |  |  | (3,838) |  |  | — |  |  | (3,838)
Net income (loss) |  | $ | (56,828) |  | $ | (46,856) |  | $ | (14,782) |  | $ | 61,638 |  | $ | (56,828)
Schedule of Condensed Consolidating Statements of Comprehensive Income (Loss) | CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
|  | Year Ended September 30, 2018
|  |  |  | Helmerich & Payne |  |  |  |  |  |  |
|  | Helmerich & Payne, Inc. |  | International Drilling Co. |  | Non-Guarantor |  |  |  |  | Total
(In thousands) |  | (Guarantor) |  | (Issuer) |  | Subsidiaries |  | Eliminations |  | Consolidated
Net income (loss) |  | $ | 482,672 |  | $ | 514,741 |  | $ | (27,725) |  | $ | (487,016) |  | $ | 482,672
Other comprehensive income, net of income taxes: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unrealized appreciation on securities, net |  |  | — |  |  | 9,001 |  |  | — |  |  | — |  |  | 9,001
Minimum pension liability adjustments, net |  |  | 1,137 |  |  | 4,112 |  |  | — |  |  | — |  |  | 5,249
Other comprehensive income |  |  | 1,137 |  |  | 13,113 |  |  | — |  |  | — |  |  | 14,250
Comprehensive income (loss) |  | $ | 483,809 |  | $ | 527,854 |  | $ | (27,725) |  | $ | (487,016) |  | $ | 496,922
|  | Year Ended September 30, 2017
|  |  |  | Helmerich & Payne |  |  |  |  |  |  |
|  | Helmerich & Payne, Inc. |  | International Drilling Co. |  | Non-Guarantor |  |  |  |  | Total
(In thousands) |  | (Guarantor) |  | (Issuer) |  | Subsidiaries |  | Eliminations |  | Consolidated
Net loss |  | $ | (128,212) |  | $ | (113,892) |  | $ | (10,332) |  | $ | 124,224 |  | $ | (128,212)
Other comprehensive income, net of income taxes: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unrealized depreciation on securities, net |  |  | — |  |  | (829) |  |  | — |  |  | — |  |  | (829)
Minimum pension liability adjustments, net |  |  | 860 |  |  | 2,473 |  |  | — |  |  | — |  |  | 3,333
Other comprehensive income |  |  | 860 |  |  | 1,644 |  |  | — |  |  | — |  |  | 2,504
Comprehensive loss |  | $ | (127,352) |  | $ | (112,248) |  | $ | (10,332) |  | $ | 124,224 |  | $ | (125,708)
|  | Year Ended September 30, 2016
|  |  |  | Helmerich & Payne |  |  |  |  |  |  |
|  | Helmerich & Payne, Inc. |  | International Drilling Co. |  | Non-Guarantor |  |  |  |  | Total
(In thousands) |  | (Guarantor) |  | (Issuer) |  | Subsidiaries |  | Eliminations |  | Consolidated
Net loss |  | $ | (56,828) |  | $ | (46,856) |  | $ | (14,782) |  | $ | 61,638 |  | $ | (56,828)
Other comprehensive loss, net of income taxes: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unrealized appreciation on securities, net |  |  | — |  |  | 2,772 |  |  | — |  |  | — |  |  | 2,772
Reclassification of realized losses in net income, net |  |  | — |  |  | 926 |  |  | — |  |  | — |  |  | 926
Minimum pension liability adjustments, net |  |  | (63) |  |  | (2,462) |  |  | — |  |  | — |  |  | (2,525)
Other comprehensive income (loss) |  |  | (63) |  |  | 1,236 |  |  | — |  |  | — |  |  | 1,173
Comprehensive loss |  | $ | (56,891) |  | $ | (45,620) |  | $ | (14,782) |  | $ | 61,638 |  | $ | (55,655)
Schedule of Condensed Consolidating Statements of Cash Flows | CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
|  | Year Ended September 30, 2018
|  |  |  | Helmerich & Payne |  |  |  |  |  |  |
|  | Helmerich & Payne, Inc. |  | International Drilling Co. |  | Non-Guarantor |  |  |  |  | Total
(In thousands) |  | (Guarantor) |  | (Issuer) |  | Subsidiaries |  | Eliminations |  | Consolidated
Net cash provided by operating activities |  | $ | 759 |  | $ | 539,476 |  | $ | 4,296 |  | $ | — |  | $ | 544,531
Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Capital expenditures |  |  | (12,723) |  |  | (443,743) |  |  | (10,118) |  |  | — |  |  | (466,584)
Purchase of short-term investments |  |  | — |  |  | (71,049) |  |  | — |  |  | — |  |  | (71,049)
Payment for acquisition of business, net of cash acquired |  |  | (47,886) |  |  | — |  |  | — |  |  | — |  |  | (47,886)
Proceeds from sale of short-term investments |  |  | — |  |  | 68,776 |  |  | — |  |  | — |  |  | 68,776
Intercompany transfers |  |  | 60,609 |  |  | (60,609) |  |  | — |  |  | — |  |  | —
Proceeds from asset sales |  |  | — |  |  | 41,289 |  |  | 3,092 |  |  | — |  |  | 44,381
Net cash used in investing activities |  |  | — |  |  | (465,336) |  |  | (7,026) |  |  | — |  |  | (472,362)
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Intercompany transfers |  |  | 308,430 |  |  | (308,430) |  |  | — |  |  | — |  |  | —
Dividends paid |  |  | (308,430) |  |  | — |  |  | — |  |  | — |  |  | (308,430)
Payments for employee taxes on net settlement of equity awards |  |  | (7,114) |  |  | — |  |  | — |  |  | — |  |  | (7,114)
Proceeds from stock option exercises |  |  | 6,355 |  |  | — |  |  | — |  |  | — |  |  | 6,355
Net cash provided by (used in) financing activities |  |  | (759) |  |  | (308,430) |  |  | — |  |  | — |  |  | (309,189)
Net increase (decrease) in cash and cash equivalents |  |  | — |  |  | (234,290) |  |  | (2,730) |  |  | — |  |  | (237,020)
Cash and cash equivalents, beginning of period |  |  | — |  |  | 507,504 |  |  | 13,871 |  |  | — |  |  | 521,375
Cash and cash equivalents, end of period |  | $ | — |  | $ | 273,214 |  | $ | 11,141 |  | $ | — |  | $ | 284,355
|  | Year Ended September 30, 2017, as adjusted
|  |  |  | Helmerich & Payne |  |  |  |  |  |  |
|  | Helmerich & Payne, Inc. |  | International Drilling Co. |  | Non-Guarantor |  |  |  |  | Total
(In thousands) |  | (Guarantor) |  | (Issuer) |  | Subsidiaries |  | Eliminations |  | Consolidated
Net cash (used in) provided by operating activities |  | $ | (4,686) |  | $ | 354,711 |  | $ | 11,606 |  | $ | — |  | $ | 361,631
Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Capital expenditures |  |  | (4,264) |  |  | (387,392) |  |  | (5,911) |  |  | — |  |  | (397,567)
Purchase of short-term investments |  |  | — |  |  | (69,866) |  |  | — |  |  | — |  |  | (69,866)
Payment for acquisition of business, net cash acquired |  |  | (70,416) |  |  | — |  |  | — |  |  | — |  |  | (70,416)
Proceeds from sale of short-term investments |  |  | — |  |  | 69,449 |  |  | — |  |  | — |  |  | 69,449
Intercompany transfers |  |  | 74,680 |  |  | (74,680) |  |  | — |  |  | — |  |  | —
Proceeds from asset sales |  |  | — |  |  | 22,724 |  |  | 688 |  |  | — |  |  | 23,412
Net cash used in investing activities |  |  | — |  |  | (439,765) |  |  | (5,223) |  |  | — |  |  | (444,988)
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Intercompany transfers |  |  | 305,515 |  |  | (305,515) |  |  | — |  |  | — |  |  | —
Dividends paid |  |  | (305,515) |  |  | — |  |  | — |  |  | — |  |  | (305,515)
Payments for employee taxes on net settlement of equity awards |  |  | (6,599) |  |  | — |  |  | — |  |  | — |  |  | (6,599)
Proceeds from stock option exercises |  |  | 11,285 |  |  | — |  |  | — |  |  | — |  |  | 11,285
Net cash provided by (used in) financing activities |  |  | 4,686 |  |  | (305,515) |  |  | — |  |  | — |  |  | (300,829)
Net increase (decrease) in cash and cash equivalents |  |  | — |  |  | (390,569) |  |  | 6,383 |  |  | — |  |  | (384,186)
Cash and cash equivalents, beginning of period |  |  | — |  |  | 898,073 |  |  | 7,488 |  |  | — |  |  | 905,561
Cash and cash equivalents, end of period |  | $ | — |  | $ | 507,504 |  | $ | 13,871 |  | $ | — |  | $ | 521,375
|  | September 30, 2016, as adjusted
|  |  |  | Helmerich & Payne |  |  |  |  |  |  |
|  | Helmerich & Payne, Inc. |  | International Drilling Co. |  | Non-Guarantor |  |  |  |  | Total
(In thousands) |  | (Guarantor) |  | (Issuer) |  | Subsidiaries |  | Eliminations |  | Consolidated
Net cash provided by (used in) operating activities |  | $ | 2,863 |  | $ | 777,756 |  | $ | (26,088) |  | $ | — |  | $ | 754,531
Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Capital expenditures |  |  | (16,119) |  |  | (235,078) |  |  | (5,972) |  |  | — |  |  | (257,169)
Purchase of short-term investments |  |  | — |  |  | (57,276) |  |  | — |  |  | — |  |  | (57,276)
Proceeds from sale of short-term investments |  |  | — |  |  | 58,381 |  |  | — |  |  | — |  |  | 58,381
Intercompany transfers |  |  | 16,119 |  |  | (16,119) |  |  | — |  |  | — |  |  | —
Proceeds from asset sales |  |  | 9 |  |  | 19,237 |  |  | 2,599 |  |  | — |  |  | 21,845
Net cash provided by (used in) investing activities |  |  | 9 |  |  | (230,855) |  |  | (3,373) |  |  | — |  |  | (234,219)
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Payments on long-term debt |  |  | — |  |  | (40,000) |  |  | — |  |  | — |  |  | (40,000)
Debt issuance costs |  |  | — |  |  | (1,111) |  |  | — |  |  | — |  |  | (1,111)
Intercompany transfers |  |  | 300,152 |  |  | (300,152) |  |  | — |  |  | — |  |  | —
Dividends paid |  |  | (300,152) |  |  | — |  |  | — |  |  | — |  |  | (300,152)
Payments from employee taxes on net settlement of equity awards |  |  | (5,646) |  |  | — |  |  | — |  |  | — |  |  | (5,646)
Proceeds from stock option exercises |  |  | 2,774 |  |  | — |  |  | — |  |  | — |  |  | 2,774
Net cash used in financing activities |  |  | (2,872) |  |  | (341,263) |  |  | — |  |  | — |  |  | (344,135)
Net increase (decrease) in cash and cash equivalents |  |  | — |  |  | 205,638 |  |  | (29,461) |  |  | — |  |  | 176,177
Cash and cash equivalents, beginning of period |  |  | — |  |  | 692,435 |  |  | 36,949 |  |  | — |  |  | 729,384
Cash and cash equivalents, end of period |  | $ | — |  | $ | 898,073 |  | $ | 7,488 |  | $ | — |  | $ | 905,561

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