Business Segments (Tables)

3 Months Ended

Mar. 31, 2014

Business Segments - Financial Information

Separate financial data for each of our business segments is provided in the table below (in thousands):


	Three Months Ended March 31,
	2014			2013
Revenues:
Contract drilling	$	426,961		$	420,233
Pressure pumping		240,261			231,160
Oil and natural gas		12,004			16,785

Total segment revenues		679,226			668,178
Elimination of intercompany revenues (a)		(1,058	)		(1,139	)

Total revenues	$	678,168		$	667,039

Income before income taxes:
Contract drilling	$	67,077		$	72,549
Pressure pumping		1,543			28,515
Oil and natural gas		2,703			6,241

		71,323			107,305
Corporate and other		(14,291	)		(12,248	)
Net gain on asset disposals (b)		1,744			(125	)
Interest income		176			173
Interest expense		(7,188	)		(6,766	)
Other		—			19

Income before income taxes	$	51,764		$	88,358


	March 31, 2014		December 31, 2013
Identifiable assets:
Contract drilling	$	3,675,034	$	3,569,588
Pressure pumping		780,162		761,199
Oil and natural gas		60,461		58,656
Corporate and other (c)		297,238		297,684

Total assets	$	4,812,895	$	4,687,127

(a)	Consists of contract drilling intercompany revenues for 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 cash on hand and certain deferred 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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