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v3.19.3

Business Segments (Tables) | 9 Months Ended
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Sep. 30, 2019
Segment Reporting [Abstract] |
Business Segments - Financial Information | The following tables summarize selected financial information relating to the Company’s business segments (in thousands):
| Three Months Ended |  |  | Nine Months Ended |
| September 30, |  |  | September 30, |
| 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Contract drilling | $ | 317,468 |  |  | $ | 365,697 |  |  | $ | 1,038,705 |  |  | $ | 1,044,190 |
Pressure pumping |  | 208,637 |  |  |  | 421,606 |  |  |  | 707,246 |  |  |  | 1,253,693 |
Directional drilling |  | 47,037 |  |  |  | 51,556 |  |  |  | 150,214 |  |  |  | 152,877 |
Other operations (1) |  | 32,809 |  |  |  | 33,087 |  |  |  | 96,052 |  |  |  | 94,457 |
Elimination of intercompany revenues (2) |  | (7,499 | ) |  |  | (4,468 | ) |  |  | (13,829 | ) |  |  | (14,157 | )
Total revenues | $ | 598,452 |  |  | $ | 867,478 |  |  | $ | 1,978,388 |  |  | $ | 2,531,060 |
Income (loss) before income taxes: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Contract drilling | $ | (169,528 | ) |  | $ | (42,704 | ) |  | $ | (131,817 | ) |  | $ | (60,058 | )
Pressure pumping |  | (42,962 | ) |  |  | (1,487 | ) |  |  | (76,138 | ) |  |  | 44,539 |
Directional drilling |  | (32,501 | ) |  |  | (8,995 | ) |  |  | (43,458 | ) |  |  | (21,586 | )
Other operations |  | (39,192 | ) |  |  | (4,861 | ) |  |  | (51,713 | ) |  |  | (13,727 | )
Corporate |  | (23,374 | ) |  |  | (23,005 | ) |  |  | (72,010 | ) |  |  | (70,876 | )
Other operating (expenses) income, net (3) |  | 252 |  |  |  | 771 |  |  |  | (83 | ) |  |  | 10,321 |
Provision for bad debts |  | — |  |  |  | — |  |  |  | (3,594 | ) |  |  | — |
Interest income |  | 1,693 |  |  |  | 817 |  |  |  | 4,481 |  |  |  | 4,600 |
Interest expense |  | (20,739 | ) |  |  | (12,376 | ) |  |  | (47,021 | ) |  |  | (38,668 | )
Other |  | 119 |  |  |  | 281 |  |  |  | 328 |  |  |  | 666 |
Loss before income taxes | $ | (326,232 | ) |  | $ | (91,559 | ) |  | $ | (421,025 | ) |  | $ | (144,789 | )
Depreciation, depletion, amortization and impairment: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Contract drilling | $ | 296,119 |  |  | $ | 179,979 |  |  | $ | 554,838 |  |  | $ | 441,834 |
Pressure pumping |  | 72,139 |  |  |  | 76,986 |  |  |  | 188,459 |  |  |  | 191,370 |
Directional drilling |  | 20,518 |  |  |  | 12,263 |  |  |  | 41,755 |  |  |  | 35,039 |
Other operations |  | 10,227 |  |  |  | 10,545 |  |  |  | 33,472 |  |  |  | 29,688 |
Corporate |  | 1,761 |  |  |  | 1,879 |  |  |  | 5,338 |  |  |  | 5,997 |
Total depreciation, depletion, amortization and impairment | $ | 400,764 |  |  | $ | 281,652 |  |  | $ | 823,862 |  |  | $ | 703,928 |
Capital expenditures: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Contract drilling | $ | 34,752 |  |  | $ | 103,295 |  |  | $ | 158,141 |  |  | $ | 299,637 |
Pressure pumping |  | 19,826 |  |  |  | 44,860 |  |  |  | 90,028 |  |  |  | 125,978 |
Directional drilling |  | 5,559 |  |  |  | 6,855 |  |  |  | 11,121 |  |  |  | 29,718 |
Other operations |  | 7,191 |  |  |  | 6,817 |  |  |  | 21,194 |  |  |  | 23,524 |
Corporate |  | 700 |  |  |  | 958 |  |  |  | 2,804 |  |  |  | 1,711 |
Total capital expenditures | $ | 68,028 |  |  | $ | 162,785 |  |  | $ | 283,288 |  |  | $ | 480,568 |
| September 30, 2019 |  |  | December 31, 2018 |
Identifiable assets: |  |  |  |  |  |  |
Contract drilling | $ | 3,308,588 |  |  | $ | 3,817,638 |
Pressure pumping | $ | 752,267 |  |  |  | 921,237 |
Directional drilling | $ | 175,534 |  |  |  | 239,341 |
Other operations | $ | 132,140 |  |  |  | 177,374 |
Corporate (4) | $ | 240,564 |  |  |  | 314,276 |
Total assets | $ | 4,609,093 |  |  | $ | 5,469,866 |
(1) | Other operations includes the Company’s oilfield rentals business, drilling equipment service business, the electrical controls and automation business, the oil and natural gas working interests and Middle East organizational activities.
(2) | Intercompany revenues consists of contract drilling and revenues from other operations for services provided to contract drilling, pressure pumping and within other operations.
(3) | Other operating income, net includes net gains associated with the disposal of assets related to corporate strategy decisions of the executive management group. Accordingly, the related gains have been excluded from the operating results of specific segments. This caption also includes certain legal-related expenses and settlements, net of insurance reimbursements.
(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 + Details
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