XML 103 R43.htm IDEA: XBRL DOCUMENT
v3.20.1

Long-Term Debt (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2019
Disclosure Of Long Term Debt [Abstract] |
Long-Term Debt | LONG-TERM DEBT
|  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
Senior Credit Facility | US | $ | — |  | US | $ | — |  |  | $ | — |  |  | $ | — |
Unsecured Senior Notes: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
6.5% senior notes due 2021 |  |  | 90,625 |  |  |  | 165,625 |  |  |  | 117,678 |  |  |  | 226,113 |
7.75% senior notes due 2023 |  |  | 344,845 |  |  |  | 350,000 |  |  |  | 447,792 |  |  |  | 477,823 |
5.25% senior notes due 2024 |  |  | 307,690 |  |  |  | 351,104 |  |  |  | 399,545 |  |  |  | 479,331 |
7.125% senior notes due 2026 |  |  | 369,735 |  |  |  | 400,000 |  |  |  | 480,112 |  |  |  | 546,084 |
| US | $ | 1,112,895 |  | US | $ | 1,266,729 |  |  |  | 1,445,127 |  |  |  | 1,729,351 |
Less net unamortized debt issue costs |  |  |  |  |  |  |  |  |  |  | (17,946 | ) |  |  | (23,098 | )
|  |  |  |  |  |  |  |  |  | $ | 1,427,181 |  |  | $ | 1,706,253 |
|  | Senior Credit Facility |  |  | Unsecured Senior Notes |  |  | Debt Issue Costs |  |  | Total |
Balance December 31, 2017 |  | $ | — |  |  | $ | 1,758,519 |  |  | $ | (28,082 | ) |  | $ | 1,730,437 |
Changes from financing cash flows: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Redemption / repurchase of senior notes |  |  | — |  |  |  | (168,722 | ) |  |  | — |  |  |  | (168,722 | )
Non-cash changes: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gain on redemption / repurchase of unsecured senior notes |  |  | — |  |  |  | (5,672 | ) |  |  | — |  |  |  | (5,672 | )
Amortization of debt issue costs |  |  | — |  |  |  | — |  |  |  | 4,984 |  |  |  | 4,984 |
Foreign exchange adjustment |  |  | — |  |  |  | 145,226 |  |  |  | — |  |  |  | 145,226 |
Balance December 31, 2018 |  |  | — |  |  |  | 1,729,351 |  |  |  | (23,098 | ) |  |  | 1,706,253 |
Changes from financing cash flows: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Redemption / repurchase of senior notes |  |  | — |  |  |  | (198,387 | ) |  |  | — |  |  |  | (198,387 | )
Non-cash changes: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gain on redemption / repurchase of unsecured senior notes |  |  | — |  |  |  | (6,815 | ) |  |  | — |  |  |  | (6,815 | )
Amortization of debt issue costs |  |  | — |  |  |  | — |  |  |  | 5,152 |  |  |  | 5,152 |
Foreign exchange adjustment |  |  | — |  |  |  | (79,022 | ) |  |  | — |  |  |  | (79,022 | )
Balance December 31, 2019 |  | $ | — |  |  | $ | 1,445,127 |  |  | $ | (17,946 | ) |  | $ | 1,427,181 |
Long-Term Debt Obligations | Long-term debt obligations at December 31, 2019 will mature as follows:
2020 |  | $ | — |
2021 |  |  | 117,678 |
2022 |  |  | — |
2023 |  |  | 447,792 |
Thereafter |  |  | 879,657 |
|  | $ | 1,445,127 |
Schedule of Listing of Currently Applicable Restrictive and Financial Covenants | Following is a listing of the currently applicable restrictive and financial covenants as at December 31, 2019:
|  | Covenant |  | At December 31, 2019 |
Senior Credit Facility |  |  |  |  |  |
Consolidated senior debt to consolidated covenant EBITDA(1) |  | ≤ 2.50 |  |  | 0.00 |
Consolidated covenant EBITDA to consolidated interest expense |  | ≥ 2.50 |  |  | 3.39 |
Unsecured Senior Notes |  |  |  |  |  |
Consolidated interest coverage ratio |  | ≥ 2.00 |  |  | 3.30 |
(1) For purposes of calculating the leverage ratio consolidated senior debt only includes secured indebtedness.

X
- Definition The disclosure of detailed information about borrowings. [Refer: Borrowings] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IFRS -Number 7 -IssueDate 2019-01-01 -Paragraph 7 -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2019-en-r&anchor=para_7&doctype=Standard -URIDate 2019-03-27 + Details
Name: | ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of listing of currently applicable restrictive and financial covenants. + References No definition available. + Details
Name: | pds_DisclosureOfListingOfCurrentlyApplicableRestrictiveAndFinancialCovenantsExplanatory
Namespace Prefix: | pds_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of long term debt. + References No definition available. + Details
Name: | pds_DisclosureOfLongTermDebtAbstract
Namespace Prefix: | pds_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of maturities of long-term debt explanatory. + References No definition available. + Details
Name: | pds_DisclosureOfMaturitiesOfLongtermDebtExplanatory
Namespace Prefix: | pds_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration