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BUSINESS SEGMENTS AND GEOGRAPHIC INFORMATION (Tables)

12 Months Ended

Sep. 30, 2020

Segment Reporting [Abstract]

Segment Performance

Summarized financial information of our reportable segments for the fiscal years ended September 30, 2020, 2019 and 2018 is shown in the following tables:

	September 30, 2020
(in thousands)	North America Solutions				Offshore Gulf of Mexico				International Solutions				Other				Eliminations				Total
External sales	$	1,474,380			$	143,149			$	144,185			$	12,213			$	—			$	1,773,927
Intersegment	—				—				—				36,901				(36,901		)		—
Total sales	1,474,380				143,149				144,185				49,114				(36,901		)		1,773,927
Segment operating income (loss)	(393,902		)		7,478				(162,368		)		4,403				—				(544,389		)
Depreciation and amortization	438,039				11,681				17,531				1,241				—				468,492

	September 30, 2019
(in thousands)	North America Solutions (1)				Offshore Gulf of Mexico				International Solutions				Other				Eliminations				Total
External sales	$	2,426,191			$	147,635			$	211,731			$	12,933			$	—			$	2,798,490
Intersegment	—				—				—				—				—				—
Total sales	2,426,191				147,635				211,731				12,933				—				2,798,490
Segment operating income	80,898				19,594				5,366				3,375				—				109,233
Depreciation and amortization	504,466				10,010				35,466				1,523				—				551,465

(1) Operations previously reported within the H&P Technologies reportable segment are now managed and presented within the North America Solutions reportable segment.

	September 30, 2018
(in thousands)	North America Solutions (1)				Offshore Gulf of Mexico				International Solutions				Other				Eliminations				Total
External sales	$	2,093,601			$	142,500			$	238,356			$	12,811			$	—			$	2,487,268
Intersegment	—				—				—				—				—				—
Total sales	2,093,601				142,500				238,356				12,811				—				2,487,268
Segment operating income (loss)	108,697				26,124				(683		)		5,883				—				140,021
Depreciation and amortization	511,958				10,392				46,826				1,486				—				570,662

(1)

Operations previously reported within the H&P Technologies reportable segment are now managed and presented within the North America Solutions reportable segment.

Reconciliation of Segment Operating Income (Loss) to Income from Continuing Operations before Income Taxes

The following table reconciles segment operating income (loss) per the tables above to income (loss) from continuing operations before income taxes as reported on the Consolidated Statements of Operations:

	Year Ended September 30,
(in thousands)	2020				2019				2018
Segment operating income (loss)	$	(544,389	)		$	109,233			$	140,021
Gain on sale of assets	46,775				39,691				22,660
Corporate selling, general and administrative costs, corporate depreciation and corporate restructuring charges	(122,573		)		(128,342		)		(129,717		)
Operating income (loss) from continuing operations	(620,187		)		20,582				32,964
Other income (expense)
Interest and dividend income	7,304				9,468				8,017
Interest expense	(24,474		)		(25,188		)		(24,265		)
Gain (loss) on investment securities	(8,720		)		(54,488		)		1
Gain on sale of subsidiary	14,963				—				—
Other	(5,384		)		(1,596		)		(876		)
Total unallocated amounts	(16,311		)		(71,804		)		(17,123		)
Income (loss) from continuing operations before income taxes	$	(636,498	)		$	(51,222	)		$	15,841

Reconciliation of Segment Assets to Consolidated Assets

The following table reconciles segment total assets to total assets as reported on the Consolidated Balance Sheets:

	Year Ended September 30,
(in thousands)	2020				2019
Total assets (1)
North America Solutions (2)	$	3,812,718			$	5,284,141
Offshore Gulf of Mexico	93,501				102,442
International Solutions	181,181				217,094
Other	22,144				32,532
	4,109,544				5,636,209
Investments and corporate operations	720,077				203,306
Total assets from continuing operations	4,829,621				5,839,515
Discontinued operations	—				—
	$	4,829,621			$	5,839,515

(1) Assets by segment exclude investments in subsidiaries and intersegment activity.

(2)

Operations previously reported within the H&P Technologies reportable segment are now managed and presented within the North America Solutions reportable segment.

Revenues from External Customers and Long-Lived Assets by Country

The following table presents revenues from external customers by country based on the location of service provided:

	Year Ended September 30,
(in thousands)	2020				2019				2018
Operating revenues
United States	$	1,626,407			$	2,585,008			$	2,247,400
Argentina	84,402				165,718				190,038
Bahrain	28,653				11,528				9,525
United Arab Emirates	24,716				4,728				—
Colombia	6,414				29,757				38,793
Other Foreign	3,335				1,751				1,512
Total	$	1,773,927			$	2,798,490			$	2,487,268

The following table presents property, plant and equipment by country based on the location of service provided:

	Year Ended September 30,
(in thousands)	2020				2019
Property, plant and equipment, net
United States	$	3,562,525			$	4,269,405
Argentina	49,419				132,321
Colombia	21,740				61,757
Other Foreign	12,657				38,601
Total	$	3,646,341			$	4,502,084

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