XML 24 R5.htm IDEA: XBRL DOCUMENT v3.23.3
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2021
OPERATING REVENUES      
Drilling services $ 2,862,677 $ 2,049,841 $ 1,210,800
Other 9,744 9,103 7,768
Total operating revenues 2,872,421 2,058,944 1,218,568
OPERATING COSTS AND EXPENSES      
Drilling services operating expenses, excluding depreciation and amortization 1,715,098 1,426,589 952,600
Other operating expenses 4,477 4,638 5,138
Depreciation and amortization 382,314 403,170 419,726
Research and development 30,046 26,563 21,724
Selling, general and administrative 206,657 182,366 172,195
Asset impairment charges 12,097 4,363 70,850
Restructuring charges 0 838 5,926
Gain on reimbursement of drilling equipment (48,173) (29,443) (12,322)
Other (gain) loss on sale of assets 8,016 (5,432) 11,280
Total operating costs and expenses 2,310,532 2,013,652 1,647,117
OPERATING INCOME (LOSS) 561,889 45,292 (428,549)
Other income (expense)      
Interest and dividend income 28,393 18,090 10,254
Interest expense (17,283) (19,203) (23,955)
Gain on investment securities 11,299 57,937 6,727
Loss on extinguishment of debt 0 (60,083) 0
Other 9,081 (10,714) 5,652
Total unallocated amounts 31,490 (13,973) (1,322)
Income (loss) before income taxes 593,379 31,319 (429,871)
Income tax expense (benefit) 159,279 24,366 (103,721)
NET INCOME (LOSS) $ 434,100 $ 6,953 $ (326,150)
Basic earnings (loss) per common share (in dollars per share) $ 4.18 $ 0.05 $ (3.04)
Diluted earnings (loss) per common share (in dollars per share) $ 4.16 $ 0.05 $ (3.04)
Weighted average shares outstanding:      
Basic (in shares) 102,447 105,891 107,818
Diluted (in shares) 102,852 106,555 107,818