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Business Segments (Tables)

12 Months Ended

Dec. 31, 2018

Segment Reporting [Abstract]

Business Segments - Financial Information

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

		Year Ended December 31,
		2018				2017				2016
Revenues:
Contract drilling		$	1,432,012			$	1,041,492			$	544,196
Pressure pumping			1,573,396				1,200,311				354,070
Directional drilling			209,275				45,580				—
Other operations (1)			131,028				76,781				18,299
Elimination of intercompany revenues (2)			(18,714	)			(7,480	)			(699	)
Total revenues		$	3,326,997			$	2,356,684			$	915,866
Income (loss) before income taxes:
Contract drilling		$	(33,115	)		$	(171,897	)		$	(235,858	)
Pressure pumping			(77,328	)			21,028				(176,628	)
Directional drilling			(117,497	)			(21	)			—
Other operations			(18,221	)			(20,813	)			(3,391	)
Corporate			(93,585	)			(152,792	)			(54,672	)
Other operating income, net (3)			17,569				31,957				14,323
Interest income			5,597				1,866				327
Interest expense			(51,578	)			(37,472	)			(40,366	)
Other			750				343				69
Loss before income taxes		$	(367,408	)		$	(327,801	)		$	(496,196	)
Identifiable assets:
Contract drilling		$	3,817,638			$	3,931,994			$	3,032,819
Pressure pumping			921,237				1,209,424				653,630
Directional drilling			239,341				301,275				—
Other operations			177,374				172,094				48,885
Corporate (4)			314,276				144,069				36,957
Total assets		$	5,469,866			$	5,758,856			$	3,772,291
Depreciation, depletion, amortization and impairment:
Contract drilling		$	571,607			$	538,891			$	467,974
Pressure pumping			250,010				198,006				184,872
Directional drilling			45,317				9,347				—
Other operations			41,512				29,402				10,114
Corporate			7,872				7,695				5,474
Total depreciation, depletion, amortization and impairment		$	916,318			$	783,341			$	668,434
Capital expenditures:
Contract drilling		$	394,595			$	354,425			$	72,508
Pressure pumping			173,848				171,436				39,584
Directional drilling			35,929				7,795				—
Other operations			34,660				31,547				6,116
Corporate			2,426				1,884				1,591
Total capital expenditures		$	641,458			$	567,087			$	119,799

(1) Other operations includes the Company’s oilfield rentals business, pipe handling components and related technology business, the electrical controls and automation business, the oil and natural gas working interests and the Middle East/North Africa activities.

(2) In 2018 and 2017, intercompany revenues consists of contract drilling and revenues from other operations for services provided to contract drilling, pressure pumping and within other operations. In 2016, intercompany revenues consists of contract drilling and revenues within other operations.

(3) Other operating income (expense), net includes 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. This caption also includes expenses related to certain legal-related expenses and settlements, net of insurance reimbursements and certain research and development expenses.

(4) Corporate assets primarily include cash on hand and certain property and equipment.

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- 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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599

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- References

No definition available.

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