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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Operating revenues:        
Total operating revenues $ 598,452 $ 867,478 $ 1,978,388 $ 2,531,060
Operating costs and expenses:        
Depreciation, depletion, amortization and impairment 400,764 281,652 823,862 703,928
Impairment of goodwill 17,800   17,800  
Selling, general and administrative 34,231 32,820 101,680 101,300
Provision for bad debts     3,594  
Merger and integration expenses       2,738
Other operating expenses (income), net [1] (252) (771) 83 (10,321)
Total operating costs and expenses 905,757 947,759 2,357,201 2,642,447
Operating loss (307,305) (80,281) (378,813) (111,387)
Other income (expense):        
Interest income 1,693 817 4,481 4,600
Interest expense, net of amount capitalized (20,739) (12,376) (47,021) (38,668)
Other 119 281 328 666
Total other expense (18,927) (11,278) (42,212) (33,402)
Loss before income taxes (326,232) (91,559) (421,025) (144,789)
Income tax benefit (64,513) (16,517) (81,245) (24,617)
Net loss $ (261,719) $ (75,042) $ (339,780) $ (120,172)
Net loss per common share:        
Basic $ (1.31) $ (0.34) $ (1.65) $ (0.55)
Diluted $ (1.31) $ (0.34) $ (1.65) $ (0.55)
Weighted average number of common shares outstanding:        
Basic 199,343 218,059 206,191 219,635
Diluted 199,343 218,059 206,191 219,635
Cash dividends per common share $ 0.04 $ 0.04 $ 0.12 $ 0.10
Contract Drilling        
Operating revenues:        
Total operating revenues $ 317,035 $ 365,280 $ 1,037,565 $ 1,043,005
Operating costs and expenses:        
Operating costs and expenses 188,934 226,373 609,928 656,630
Pressure Pumping        
Operating revenues:        
Total operating revenues 208,637 421,606 707,246 1,253,693
Operating costs and expenses:        
Operating costs and expenses 176,306 342,498 585,191 1,006,353
Directional Drilling        
Operating revenues:        
Total operating revenues 47,037 51,556 150,214 152,877
Operating costs and expenses:        
Operating costs and expenses 56,215 44,740 143,919 126,114
Other        
Operating revenues:        
Total operating revenues 25,743 29,036 83,363 81,485
Operating costs and expenses:        
Operating costs and expenses $ 31,759 $ 20,447 $ 71,144 $ 55,705
[1] 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.