Business Segments (Tables)

12 Months Ended

Dec. 31, 2012

Business Segments - Financial Information

The following tables summarize selected financial information relating to the Company’s business segments (in thousands):


	Years Ended December 31,
	2012			2011			2010
Revenues:
Contract drilling	$	1,826,519		$	1,673,629		$	1,085,722
Pressure pumping		841,771			845,803			350,608
Oil and natural gas		59,930			50,559			30,425

Total segment revenues		2,728,220			2,569,991			1,466,755
Elimination of intercompany revenues(a)		(4,806	)		(4,048	)		(3,824	)

Total revenues	$	2,723,414		$	2,565,943		$	1,462,931

Income from continuing operations before income taxes:
Contract drilling	$	349,393		$	346,083		$	140,483
Pressure pumping		132,795			193,440			62,194
Oil and natural gas		27,210			23,982			12,455

		509,398			563,505			215,132
Corporate and other		(45,843	)		(42,903	)		(37,019	)
Net gain on asset disposals(b)		33,806			4,999			22,812
Interest income		554			187			1,674
Interest expense		(22,750	)		(15,652	)		(12,772	)
Other		508			582			927

Income from continuing operations before income taxes	$	475,673		$	510,718		$	190,754

Identifiable assets:
Contract drilling	$	3,538,289		$	3,252,116		$	2,678,250
Pressure pumping		784,128			748,643			533,597
Oil and natural gas		54,188			44,990			36,508
Corporate and other(c)		180,306			176,152			174,676

Total assets	$	4,556,911		$	4,221,901		$	3,423,031

Depreciation, depletion, amortization and impairment:
Contract drilling	$	390,316		$	344,312		$	280,458
Pressure pumping		111,062			73,279			40,724
Oil and natural gas		21,417			16,962			10,950
Corporate and other		3,819			2,726			1,361

Total depreciation, depletion, amortization and impairment	$	526,614		$	437,279		$	333,493

Capital expenditures:
Contract drilling	$	744,949		$	784,686		$	655,550
Pressure pumping		194,117			198,061			51,064
Oil and natural gas		29,888			22,884			23,067
Corporate and other		5,034			5,947			8,409

Total capital expenditures	$	973,988		$	1,011,578		$	738,090

(a)	Includes contract drilling intercompany revenues related to drilling services provided to the oil and natural gas exploration and production segment.

(b)	Net gains or losses associated with the disposal of assets relate to corporate strategy decisions of the executive management group. Accordingly, the related gains or losses have been separately presented and excluded from the results of specific segments.

(c)	Corporate and other assets primarily include identifiable assets associated with assets held for sale as well as cash on hand, income taxes receivable and certain deferred federal income tax assets.

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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