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GUARANTOR AND NON-GUARANTOR FINANCIAL INFORMATION (Tables) | 9 Months Ended
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Jun. 30, 2019
Condensed Financial Information Disclosure [Abstract] |
Schedule of Condensed Consolidating Balance Sheets | CONDENSED CONSOLIDATING BALANCE SHEETS (Unaudited)
| June 30, 2019
(in thousands) | Helmerich & Payne, Inc. (Guarantor) |  | Helmerich & Payne International Drilling Co. (Issuer) |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Total Consolidated
Assets |  |  |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 94,354 |  |  | $ | 224,838 |  |  | $ | 15,583 |  |  | $ | — |  |  | $ | 334,775 |
Short-term investments | — |  |  | 44,071 |  |  | 1,677 |  |  | — |  |  | 45,748 |
Accounts receivable, net | (291 | ) |  | 462,885 |  |  | 46,582 |  |  | (993 | ) |  | 508,183 |
Inventories of materials and supplies, net | — |  |  | 118,530 |  |  | 31,596 |  |  | — |  |  | 150,126 |
Prepaid expenses and other | 14,414 |  |  | 19,160 |  |  | 43,684 |  |  | 148 |  |  | 77,406 |
Total current assets | 108,477 |  |  | 869,484 |  |  | 139,122 |  |  | (845 | ) |  | 1,116,238 |
Investments | 15,774 |  |  | 32,226 |  |  | 291 |  |  | — |  |  | 48,291 |
Property, plant and equipment, net | 45,450 |  |  | 4,270,440 |  |  | 267,783 |  |  | — |  |  | 4,583,673 |
Intercompany receivables | 299,182 |  |  | 1,959,592 |  |  | 522,577 |  |  | (2,781,351 | ) |  | — |
Goodwill | — |  |  | — |  |  | 67,902 |  |  | — |  |  | 67,902 |
Intangible assets, net | — |  |  | — |  |  | 69,093 |  |  | — |  |  | 69,093 |
Other assets | 318 |  |  | 6,471 |  |  | 5,393 |  |  | — |  |  | 12,182 |
Investment in subsidiaries | 5,926,270 |  |  | 277,550 |  |  | — |  |  | (6,203,820 | ) |  | — |
Total assets | $ | 6,395,471 |  |  | $ | 7,415,763 |  |  | $ | 1,072,161 |  |  | $ | (8,986,016 | ) |  | $ | 5,897,379 |
Liabilities and Shareholders' Equity |  |  |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |  |  |
Accounts payable | $ | 84,703 |  |  | $ | 45,946 |  |  | $ | 3,789 |  |  | $ | (361 | ) |  | $ | 134,077 |
Accrued liabilities | 25,190 |  |  | 205,630 |  |  | 26,113 |  |  | (484 | ) |  | 256,449 |
Total current liabilities | 109,893 |  |  | 251,576 |  |  | 29,902 |  |  | (845 | ) |  | 390,526 |
Noncurrent liabilities: |  |  |  |  |  |  |  |  |
Long-term debt, net | 482,962 |  |  | 8,689 |  |  | — |  |  | — |  |  | 491,651 |
Deferred income taxes | (4,273 | ) |  | 783,109 |  |  | 48,191 |  |  | — |  |  | 827,027 |
Intercompany payables | 1,690,102 |  |  | 259,027 |  |  | 832,122 |  |  | (2,781,251 | ) |  | — |
Other | 21,733 |  |  | 47,537 |  |  | 9,220 |  |  | — |  |  | 78,490 |
Noncurrent liabilities - discontinued operations | — |  |  | — |  |  | 14,631 |  |  | — |  |  | 14,631 |
Total noncurrent liabilities | 2,190,524 |  |  | 1,098,362 |  |  | 904,164 |  |  | (2,781,251 | ) |  | 1,411,799 |
Shareholders’ equity: |  |  |  |  |  |  |  |  |
Common stock | 11,208 |  |  | 100 |  |  | — |  |  | (100 | ) |  | 11,208 |
Additional paid-in capital | 501,585 |  |  | 52,437 |  |  | 1,040 |  |  | (53,477 | ) |  | 501,585 |
Retained earnings | 3,750,785 |  |  | 6,025,212 |  |  | 137,055 |  |  | (6,162,267 | ) |  | 3,750,785 |
Accumulated other comprehensive income (loss) | (16,085 | ) |  | (11,924 | ) |  | — |  |  | 11,924 |  |  | (16,085 | )
Treasury stock, at cost | (152,439 | ) |  | — |  |  | — |  |  | — |  |  | (152,439 | )
Total shareholders’ equity | 4,095,054 |  |  | 6,065,825 |  |  | 138,095 |  |  | (6,203,920 | ) |  | 4,095,054 |
Total liabilities and shareholders’ equity | $ | 6,395,471 |  |  | $ | 7,415,763 |  |  | $ | 1,072,161 |  |  | $ | (8,986,016 | ) |  | $ | 5,897,379 |
| September 30, 2018
(in thousands) | Helmerich & Payne, Inc. (Guarantor) |  | Helmerich & Payne International Drilling Co. (Issuer) |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Total Consolidated
Assets |  |  |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | — |  |  | $ | 273,214 |  |  | $ | 11,141 |  |  | $ | — |  |  | $ | 284,355 |
Short-term investments | — |  |  | 41,461 |  |  | — |  |  | — |  |  | 41,461 |
Accounts receivable, net | (29 | ) |  | 499,644 |  |  | 65,859 |  |  | (272 | ) |  | 565,202 |
Inventories of materials and supplies, net | — |  |  | 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, net | — |  |  | 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 |
Schedule of Condensed Consolidating Statements of Operations | CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS (Unaudited)
| Three Months Ended June 30, 2019
(in thousands) | Helmerich & Payne, Inc. (Guarantor) |  | Helmerich & Payne International Drilling Co. (Issuer) |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Total Consolidated
Operating revenue | $ | — |  |  | $ | 633,284 |  |  | $ | 58,870 |  |  | $ | (4,180 | ) |  | $ | 687,974 |
Operating costs and other | 2,942 |  |  | 780,880 |  |  | 76,383 |  |  | (4,357 | ) |  | 855,848 |
Operating loss from continuing operations | (2,942 | ) |  | (147,596 | ) |  | (17,513 | ) |  | 177 |  |  | (167,874 | )
Other income (expense), net | (35 | ) |  | (12,639 | ) |  | 330 |  |  | (177 | ) |  | (12,521 | )
Interest expense | (6,083 | ) |  | (132 | ) |  | (42 | ) |  | — |  |  | (6,257 | )
Equity in net loss of subsidiaries | (145,440 | ) |  | (3,417 | ) |  | — |  |  | 148,857 |  |  | — |
Loss from continuing operations before income taxes | (154,500 | ) |  | (163,784 | ) |  | (17,225 | ) |  | 148,857 |  |  | (186,652 | )
Income tax (benefit) provision | 183 |  |  | (43,271 | ) |  | 11,057 |  |  | — |  |  | (32,031 | )
Loss from continuing operations | (154,683 | ) |  | (120,513 | ) |  | (28,282 | ) |  | 148,857 |  |  | (154,621 | )
Income from discontinued operations before income taxes | — |  |  | — |  |  | 7,244 |  |  | — |  |  | 7,244 |
Income tax provision | — |  |  | — |  |  | 7,306 |  |  | — |  |  | 7,306 |
Loss from discontinued operations | — |  |  | — |  |  | (62 | ) |  | — |  |  | (62 | )
Net loss | $ | (154,683 | ) |  | $ | (120,513 | ) |  | $ | (28,344 | ) |  | $ | 148,857 |  |  | $ | (154,683 | )
| Three Months Ended June 30, 2018 as adjusted (Note 2)
(in thousands) | Helmerich & Payne, Inc. (Guarantor) |  | Helmerich & Payne International Drilling Co. (Issuer) |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Total Consolidated
Operating revenue | $ | — |  |  | $ | 574,252 |  |  | $ | 74,647 |  |  | $ | (27 | ) |  | $ | 648,872 |
Operating costs and other | 4,151 |  |  | 557,994 |  |  | 80,639 |  |  | (218 | ) |  | 642,566 |
Operating income (loss) from continuing operations | (4,151 | ) |  | 16,258 |  |  | (5,992 | ) |  | 191 |  |  | 6,306 |
Other income (expense), net | 107 |  |  | 1,854 |  |  | 278 |  |  | (191 | ) |  | 2,048 |
Interest expense | (108 | ) |  | (5,117 | ) |  | (768 | ) |  | — |  |  | (5,993 | )
Equity in net loss of subsidiaries | (4,883 | ) |  | (2,093 | ) |  | — |  |  | 6,976 |  |  | — |
Income (loss) from continuing operations before income taxes | (9,035 | ) |  | 10,902 |  |  | (6,482 | ) |  | 6,976 |  |  | 2,361 |
Income tax provision (benefit) | (1,027 | ) |  | 17,384 |  |  | (5,822 | ) |  | — |  |  | 10,535 |
Loss from continuing operations | (8,008 | ) |  | (6,482 | ) |  | (660 | ) |  | 6,976 |  |  | (8,174 | )
Income from discontinued operations before income taxes | — |  |  | — |  |  | 8,383 |  |  | — |  |  | 8,383 |
Income tax provision | — |  |  | — |  |  | 8,217 |  |  | — |  |  | 8,217 |
Income from discontinued operations | — |  |  | — |  |  | 166 |  |  | — |  |  | 166 |
Net loss | $ | (8,008 | ) |  | $ | (6,482 | ) |  | $ | (494 | ) |  | $ | 6,976 |  |  | $ | (8,008 | )
| Nine Months Ended June 30, 2019
(in thousands) | Helmerich & Payne, Inc. (Guarantor) |  | Helmerich & Payne International Drilling Co. (Issuer) |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Total Consolidated
Operating revenue | $ | — |  |  | $ | 1,951,221 |  |  | $ | 202,447 |  |  | $ | (4,228 | ) |  | $ | 2,149,440 |
Operating costs and other | 8,526 |  |  | 1,937,425 |  |  | 226,824 |  |  | (4,896 | ) |  | 2,167,879 |
Operating income (loss) from continuing operations | (8,526 | ) |  | 13,796 |  |  | (24,377 | ) |  | 668 |  |  | (18,439 | )
Other income (expense), net | (77 | ) |  | (45,275 | ) |  | 1,602 |  |  | (668 | ) |  | (44,418 | )
Interest income (expense) | (13,202 | ) |  | (4,844 | ) |  | 901 |  |  | — |  |  | (17,145 | )
Equity in net income (loss) of subsidiaries | (55,331 | ) |  | 6,254 |  |  | — |  |  | 49,077 |  |  | — |
Loss from continuing operations before income taxes | (77,136 | ) |  | (30,069 | ) |  | (21,874 | ) |  | 49,077 |  |  | (80,002 | )
Income tax (benefit) provision | (2,303 | ) |  | (11,884 | ) |  | 8,585 |  |  | — |  |  | (5,602 | )
Loss from continuing operations | (74,833 | ) |  | (18,185 | ) |  | (30,459 | ) |  | 49,077 |  |  | (74,400 | )
Income from discontinued operations before income taxes | — |  |  | — |  |  | 22,798 |  |  | — |  |  | 22,798 |
Income tax provision | — |  |  | — |  |  | 23,231 |  |  | — |  |  | 23,231 |
Loss from discontinued operations | — |  |  | — |  |  | (433 | ) |  | — |  |  | (433 | )
Net loss | $ | (74,833 | ) |  | $ | (18,185 | ) |  | $ | (30,892 | ) |  | $ | 49,077 |  |  | $ | (74,833 | )
| Nine Months Ended June 30, 2018 as adjusted (Note 2)
(in thousands) | Helmerich & Payne, Inc. (Guarantor) |  | Helmerich & Payne International Drilling Co. (Issuer) |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Total Consolidated
Operating revenue | $ | — |  |  | $ | 1,584,970 |  |  | $ | 205,537 |  |  | $ | (64 | ) |  | $ | 1,790,443 |
Operating costs and other | 12,360 |  |  | 1,542,815 |  |  | 227,186 |  |  | (669 | ) |  | 1,781,692 |
Operating income (loss) from continuing operations | (12,360 | ) |  | 42,155 |  |  | (21,649 | ) |  | 605 |  |  | 8,751 |
Other income, net | 210 |  |  | 5,226 |  |  | 1,019 |  |  | (605 | ) |  | 5,850 |
Interest expense | (274 | ) |  | (15,368 | ) |  | (2,152 | ) |  | — |  |  | (17,794 | )
Equity in net income of subsidiaries | 494,574 |  |  | 3,191 |  |  | — |  |  | (497,765 | ) |  | — |
Income (loss) from continuing operations before income taxes | 482,150 |  |  | 35,204 |  |  | (22,782 | ) |  | (497,765 | ) |  | (3,193 | )
Income tax (benefit) provision | 1,931 |  |  | (459,571 | ) |  | (36,388 | ) |  | — |  |  | (494,028 | )
Income from continuing operations | 480,219 |  |  | 494,775 |  |  | 13,606 |  |  | (497,765 | ) |  | 490,835 |
Income from discontinued operations before income taxes | — |  |  | — |  |  | 9,127 |  |  | — |  |  | 9,127 |
Income tax provision | — |  |  | — |  |  | 19,743 |  |  | — |  |  | 19,743 |
Loss from discontinued operations | — |  |  | — |  |  | (10,616 | ) |  | — |  |  | (10,616 | )
Net income | $ | 480,219 |  |  | $ | 494,775 |  |  | $ | 2,990 |  |  | $ | (497,765 | ) |  | $ | 480,219 |
Schedule of Condensed Consolidating Statements of Comprehensive Income (Loss) | CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited)
| Three Months Ended June 30, 2019
(in thousands) | Helmerich & Payne, Inc. (Guarantor) |  | Helmerich & Payne International Drilling Co. (Issuer) |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Total Consolidated
Net loss | $ | (154,683 | ) |  | $ | (120,513 | ) |  | $ | (28,344 | ) |  | $ | 148,857 |  |  | $ | (154,683 | )
Other comprehensive income, net of income taxes: |  |  |  |  |  |  |  |  |
Minimum pension liability adjustments, net | 78 |  |  | 148 |  |  | — |  |  | — |  |  | 226 |
Other comprehensive income | 78 |  |  | 148 |  |  | — |  |  | — |  |  | 226 |
Comprehensive loss | $ | (154,605 | ) |  | $ | (120,365 | ) |  | $ | (28,344 | ) |  | $ | 148,857 |  |  | $ | (154,457 | )
| Three Months Ended June 30, 2018
(in thousands) | Helmerich & Payne, Inc. (Guarantor) |  | Helmerich & Payne International Drilling Co. (Issuer) |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Total Consolidated
Net loss | $ | (8,008 | ) |  | $ | (6,482 | ) |  | $ | (494 | ) |  | $ | 6,976 |  |  | $ | (8,008 | )
Other comprehensive income, net of income taxes: |  |  |  |  |  |  |  |  |
Unrealized depreciation on securities, net | — |  |  | 13,826 |  |  | — |  |  | — |  |  | 13,826 |
Minimum pension liability adjustments, net | 101 |  |  | 236 |  |  | — |  |  | — |  |  | 337 |
Other comprehensive income | $ | 101 |  |  | $ | 14,062 |  |  | $ | — |  |  | $ | — |  |  | $ | 14,163 |
Comprehensive income (loss) | $ | (7,907 | ) |  | $ | 7,580 |  |  | $ | (494 | ) |  | $ | 6,976 |  |  | $ | 6,155 |
| Nine Months Ended June 30, 2019
(in thousands) | Helmerich & Payne, Inc. (Guarantor) |  | Helmerich & Payne International Drilling Co. (Issuer) |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Total Consolidated
Net loss | $ | (74,833 | ) |  | $ | (18,185 | ) |  | $ | (30,892 | ) |  | $ | 49,077 |  |  | $ | (74,833 | )
Other comprehensive income, net of income taxes: |  |  |  |  |  |  |  |  |
Minimum pension liability adjustments, net | 233 |  |  | 442 |  |  | — |  |  | — |  |  | 675 |
Other comprehensive income | 233 |  |  | 442 |  |  | — |  |  | — |  |  | 675 |
Comprehensive loss | $ | (74,600 | ) |  | $ | (17,743 | ) |  | $ | (30,892 | ) |  | $ | 49,077 |  |  | $ | (74,158 | )
| Nine Months Ended June 30, 2018
(in thousands) | Helmerich & Payne, Inc. (Guarantor) |  | Helmerich & Payne International Drilling Co. (Issuer) |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Total Consolidated
Net income | $ | 480,219 |  |  | $ | 494,775 |  |  | $ | 2,990 |  |  | $ | (497,765 | ) |  | $ | 480,219 |
Other comprehensive income, net of income taxes: |  |  |  |  |  |  |  |  |
Unrealized appreciation on securities, net | — |  |  | 5,657 |  |  | — |  |  | — |  |  | 5,657 |
Minimum pension liability adjustments, net | 295 |  |  | 690 |  |  | — |  |  | — |  |  | 985 |
Other comprehensive income | 295 |  |  | 6,347 |  |  | — |  |  | — |  |  | 6,642 |
Comprehensive income | $ | 480,514 |  |  | $ | 501,122 |  |  | $ | 2,990 |  |  | $ | (497,765 | ) |  | $ | 486,861 |
Schedule of Condensed Consolidating Statements of Cash Flows | CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS (Unaudited)
| Nine Months Ended June 30, 2019
(in thousands) | Helmerich & Payne, Inc. (Guarantor) |  | Helmerich & Payne International Drilling Co. (Issuer) |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Total Consolidated
Net cash provided by (used in) operating activities | $ | (15,599 | ) |  | $ | 657,016 |  |  | $ | 17,954 |  |  | $ | — |  |  | $ | 659,371 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |
Capital expenditures | (7,355 | ) |  | (389,615 | ) |  | (6,600 | ) |  | — |  |  | (403,570 | )
Purchase of short-term investments | — |  |  | (70,175 | ) |  | (1,677 | ) |  | — |  |  | (71,852 | )
Payment for acquisition of business, net of cash acquired | (2,781 | ) |  | — |  |  | — |  |  | — |  |  | (2,781 | )
Proceeds from sale of short-term investments | — |  |  | 68,015 |  |  | — |  |  | — |  |  | 68,015 |
Intercompany transfers | 7,355 |  |  | (7,355 | ) |  | — |  |  | — |  |  | — |
Proceeds from asset sales | 6 |  |  | 32,585 |  |  | 3,636 |  |  | — |  |  | 36,227 |
Net cash used in investing activities | (2,775 | ) |  | (366,545 | ) |  | (4,641 | ) |  | — |  |  | (373,961 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |
Intercompany transfers | 235,058 |  |  | (235,058 | ) |  | — |  |  | — |  |  | — |
Dividends paid | (235,058 | ) |  | — |  |  | — |  |  | — |  |  | (235,058 | )
Debt issuance costs paid | (3,912 | ) |  | — |  |  | — |  |  | — |  |  | (3,912 | )
Payments for employee taxes on net settlement of equity awards | (6,420 | ) |  | — |  |  | — |  |  | — |  |  | (6,420 | )
Proceeds from stock option exercises | 2,901 |  |  | — |  |  | — |  |  | — |  |  | 2,901 |
Other intercompany transfers | 111,339 |  |  | (103,788 | ) |  | (7,551 | ) |  | — |  |  | — |
Net cash provided by (used in) financing activities | 103,908 |  |  | (338,846 | ) |  | (7,551 | ) |  | — |  |  | (242,489 | )
Net increase (decrease) in cash and cash equivalents and restricted cash | 85,534 |  |  | (48,375 | ) |  | 5,762 |  |  | — |  |  | 42,921 |
Cash and cash equivalents and restricted cash, beginning of period | 6,037 |  |  | 273,214 |  |  | 46,934 |  |  | — |  |  | 326,185 |
Cash and cash equivalents and restricted cash, end of period | $ | 91,571 |  |  | $ | 224,839 |  |  | $ | 52,696 |  |  | $ | — |  |  | $ | 369,106 |
| Nine Months Ended June 30, 2018 as adjusted (Note 2)
(in thousands) | Helmerich & Payne, Inc. (Guarantor) |  | Helmerich & Payne International Drilling Co. (Issuer) |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Total Consolidated
Net cash provided by operating activities | $ | 1,914 |  |  | $ | 350,557 |  |  | $ | 18,957 |  |  | $ | — |  |  | $ | 371,428 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |
Capital expenditures | (8,725 | ) |  | (306,278 | ) |  | (7,655 | ) |  | — |  |  | (322,658 | )
Purchase of short-term investments | — |  |  | (52,159 | ) |  | — |  |  | — |  |  | (52,159 | )
Payment for acquisition of business, net cash acquired | (47,886 | ) |  | — |  |  | — |  |  | — |  |  | (47,886 | )
Proceeds from sale of short-term investments | — |  |  | 52,470 |  |  | — |  |  | — |  |  | 52,470 |
Intercompany transfers | 56,611 |  |  | (56,611 | ) |  | — |  |  | — |  |  | — |
Proceeds from asset sales | — |  |  | 26,737 |  |  | 1,312 |  |  | — |  |  | 28,049 |
Net cash used in investing activities | — |  |  | (335,841 | ) |  | (6,343 | ) |  | — |  |  | (342,184 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |
Intercompany transfers | 230,368 |  |  | (230,368 | ) |  | — |  |  | — |  |  | — |
Dividends paid | (230,368 | ) |  | — |  |  | — |  |  | — |  |  | (230,368 | )
Payments for employee taxes on net settlement of equity awards | (5,978 | ) |  | — |  |  | — |  |  | — |  |  | (5,978 | )
Proceeds from stock option exercises | 5,160 |  |  | — |  |  | — |  |  | — |  |  | 5,160 |
Payment of contingent consideration from acquisition of business | — |  |  | — |  |  | (10,625 | ) |  | — |  |  | (10,625 | )
Net cash used in financing activities | (818 | ) |  | (230,368 | ) |  | (10,625 | ) |  | — |  |  | (241,811 | )
Net increase (decrease) in cash and cash equivalents and restricted cash | 1,096 |  |  | (215,652 | ) |  | 1,989 |  |  | — |  |  | (212,567 | )
Cash and cash equivalents and restricted cash, beginning of period | 9,385 |  |  | 507,504 |  |  | 43,620 |  |  | — |  |  | 560,509 |
Cash and cash equivalents and restricted cash, end of period | $ | 10,481 |  |  | $ | 291,852 |  |  | $ | 45,609 |  |  | $ | — |  |  | $ | 347,942 |

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