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Business Segments (Tables) | 12 Months Ended
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Dec. 31, 2022
Segment Reporting [Abstract] |
Business Segments - Financial Information | The following tables summarize selected financial information relating to our business segments (in thousands):
|  | Year Ended December 31, |
|  | 2022 |  |  | 2021 |  |  | 2020 |
Revenues: |  |  |  |  |  |  |  |  |
Contract drilling |  | $ | 1,329,092 |  |  | $ | 667,918 |  |  | $ | 670,357 |
Pressure pumping |  |  | 1,022,413 |  |  |  | 523,756 |  |  |  | 336,111 |
Directional drilling |  |  | 216,498 |  |  |  | 111,481 |  |  |  | 73,356 |
Other operations (1) |  |  | 117,607 |  |  |  | 75,505 |  |  |  | 57,962 |
Elimination of intercompany revenues - Contract drilling (2) |  |  | (12,420 | ) |  |  | (3,888 | ) |  |  | (1,231 | )
Elimination of intercompany revenues - Other operations (2) |  |  | (25,598 | ) |  |  | (17,691 | ) |  |  | (12,306 | )
Total revenues |  | $ | 2,647,592 |  |  | $ | 1,357,081 |  |  | $ | 1,124,249 |
Income (loss) before income taxes: |  |  |  |  |  |  |  |  |
Contract drilling |  | $ | 140,239 |  |  | $ | (423,029 | ) |  | $ | (543,438 | )
Pressure pumping |  |  | 134,103 |  |  |  | (118,863 | ) |  |  | (166,666 | )
Directional drilling |  |  | 15,534 |  |  |  | (35,301 | ) |  |  | (40,612 | )
Other operations |  |  | 7,810 |  |  |  | (9,905 | ) |  |  | (41,685 | )
Corporate |  |  | (86,655 | ) |  |  | (92,152 | ) |  |  | (94,251 | )
Credit loss expense |  |  | — |  |  |  | 1,500 |  |  |  | (5,606 | )
Interest income |  |  | 360 |  |  |  | 222 |  |  |  | 1,254 |
Interest expense |  |  | (40,256 | ) |  |  | (41,978 | ) |  |  | (40,770 | )
Other |  |  | (3,273 | ) |  |  | (275 | ) |  |  | 756 |
Income (loss) before income taxes |  | $ | 167,862 |  |  | $ | (719,781 | ) |  | $ | (931,018 | )
Depreciation, depletion, amortization and impairment: |  |  |  |  |  |  |  |  |
Contract drilling |  | $ | 337,513 |  |  | $ | 618,879 |  |  | $ | 433,771 |
Pressure pumping |  |  | 98,162 |  |  |  | 159,305 |  |  |  | 152,630 |
Directional drilling |  |  | 15,428 |  |  |  | 40,270 |  |  |  | 36,504 |
Other operations |  |  | 27,671 |  |  |  | 24,865 |  |  |  | 41,511 |
Corporate |  |  | 5,171 |  |  |  | 5,859 |  |  |  | 6,494 |
Total depreciation, depletion, amortization and impairment |  | $ | 483,945 |  |  | $ | 849,178 |  |  | $ | 670,910 |
Capital expenditures: |  |  |  |  |  |  |  |  |
Contract drilling |  | $ | 255,634 |  |  | $ | 109,894 |  |  | $ | 105,037 |
Pressure pumping |  |  | 137,935 |  |  |  | 34,676 |  |  |  | 21,678 |
Directional drilling |  |  | 16,598 |  |  |  | 8,591 |  |  |  | 4,681 |
Other operations |  |  | 25,504 |  |  |  | 11,638 |  |  |  | 12,378 |
Corporate |  |  | 1,126 |  |  |  | 1,521 |  |  |  | 1,707 |
Total capital expenditures |  | $ | 436,797 |  |  | $ | 166,320 |  |  | $ | 145,481 |
Identifiable assets: |  |  |  |  |  |  |  |  |
Contract drilling |  | $ | 2,197,137 |  |  | $ | 2,169,501 |  |  | $ | 2,315,318 |
Pressure pumping |  |  | 541,975 |  |  |  | 458,202 |  |  |  | 486,702 |
Directional drilling |  |  | 121,111 |  |  |  | 87,285 |  |  |  | 107,807 |
Other operations |  |  | 93,947 |  |  |  | 85,932 |  |  |  | 88,676 |
Corporate (3) |  |  | 189,653 |  |  |  | 156,928 |  |  |  | 300,566 |
Total assets |  | $ | 3,143,823 |  |  | $ | 2,957,848 |  |  | $ | 3,299,069 |
(1) Other operations includes our oilfield rentals business, drilling equipment service business, the electrical controls and automation business and our oil and natural gas working interests. (2) Intercompany revenues consist of revenues from contract drilling for services provided to our other operations, and revenues from other operations for services provided to contract drilling, pressure pumping and within other operations. These revenues are generally based on estimated external selling prices and are eliminated during consolidation. (3) Corporate assets primarily include cash on hand and certain property and equipment.
Property and equipment, net and revenue for our domestic and international operations | Property and equipment, net and revenue for our domestic and international operations for the years ended December 31, 2022, 2021 and 2020 are as follows (in thousands):
|  | Year Ended December 31, |
|  | 2022 |  |  | 2021 |  |  | 2020 |
Property and equipment, net: |  |  |  |  |  |  |  |  |
United States (1) |  | $ | 2,213,242 |  |  | $ | 2,292,448 |  |  | $ | 2,761,041 |
Colombia (2) |  |  | 47,334 |  |  |  | 39,307 |  |  |  | — |
Property and equipment, net |  | $ | 2,260,576 |  |  | $ | 2,331,755 |  |  | $ | 2,761,041 |
Revenue: |  |  |  |  |  |  |  |  |
United States (1) |  | $ | 2,577,471 |  |  | $ | 1,341,330 |  |  | $ | 1,124,249 |
Colombia (2) |  |  | 70,121 |  |  |  | 15,751 |  |  |  | — |
Total revenues |  | $ | 2,647,592 |  |  | $ | 1,357,081 |  |  | $ | 1,124,249 |
(1) Our Canadian operations in 2021 and 2020 were included in the United States amounts as they were not material individually. In April 2022, we substantially completed our exit from our Canadian operations. (2) Our Colombian operations are included as part of our contract drilling segment.

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