Segmented Information

12 Months Ended

Dec. 31, 2019

Disclosure Of Operating Segments [Abstract]

NOTE 5. SEGMENTED INFORMATION

The Corporation operates primarily in Canada, the United States and certain international locations, in two industry segments; Contract Drilling Services and Completion and Production Services. Contract Drilling Services includes drilling rigs, directional drilling, procurement and distribution of oilfield supplies, and the manufacture, sale and repair of drilling equipment. Completion and Production Services includes service rigs, oilfield equipment rental, and camp and catering services.

2019	Contract Drilling Services			Completion and Production Services			Corporate and Other			Inter- Segment Eliminations			Total
Revenue	$	1,399,068		$	147,829		$	—		$	(5,577	)	$	1,541,320
Operating earnings (loss)		160,997			10,041			(76,461	)		—			94,577
Depreciation and amortization		300,882			17,881			14,853			—			333,616
Gain on asset disposals		(46,849	)		(3,767	)		(125	)		—			(50,741	)
Loss on asset decommissioning		20,263			—			—			—			20,263
Reversal of impairment of property, plant and equipment		(5,810	)		—			—			—			(5,810	)
Total assets		2,963,260			152,611			153,969			—			3,269,840
Capital expenditures		154,066			5,448			1,180			—			160,694

2018	Contract Drilling Services			Completion and Production Services			Corporate and Other			Inter- Segment Eliminations			Total
Revenue	$	1,396,492		$	150,760		$	—		$	(6,063	)	$	1,541,189
Operating loss		(129,965	)		(8,998	)		(59,110	)		—			(198,073	)
Depreciation and amortization		341,712			22,801			12,531			—			377,044
Loss (gain) on asset disposals		(7,157	)		1,078			(5,305	)		—			(11,384	)
Impairment of goodwill		207,544			—			—			—			207,544
Total assets		3,301,457			170,113			164,473			—			3,636,043
Capital expenditures		108,610			5,004			12,529			—			126,143

A reconciliation of operating earnings (loss) to loss before income taxes is as follows:

	2019			2018
Operating earnings (loss)	$	94,577		$	(198,073	)
Add (deduct):
Foreign exchange		(8,722	)		4,017
Finance charges		118,453			127,178
Gain on redemption and repurchase of unsecured senior notes		(6,815	)		(5,672	)
Loss before income taxes	$	(8,339	)	$	(323,596	)

The Corporation’s operations are carried on in the following geographic locations:

2019	United States		Canada		International		Total
Revenue	$	871,651	$	459,377	$	210,292	$	1,541,320
Total assets		1,560,523		1,133,591		575,726		3,269,840

2018	United States		Canada		International		Total
Revenue	$	791,312	$	558,746	$	191,131	$	1,541,189
Total assets		1,772,850		1,269,542		593,651		3,636,043