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Segmented Information | 12 Months Ended
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Dec. 31, 2020
Disclosure Of Operating Segments [Abstract] |
Segmented Information | NOTE 6. 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.
2020 |  | Contract Drilling Services |  |  | Completion and Production Services |  |  | Corporate and Other |  |  | Inter- Segment Eliminations |  |  | Total |
Revenue |  | $ | 861,202 |  |  | $ | 77,251 |  |  | $ | — |  |  | $ | (2,700 | ) |  | $ | 935,753 |
Operating earnings (loss) |  |  | 22,207 |  |  |  | (3,671 | ) |  |  | (59,524 | ) |  |  | — |  |  |  | (40,988 | )
Depreciation and amortization |  |  | 288,389 |  |  |  | 16,375 |  |  |  | 11,558 |  |  |  | — |  |  |  | 316,322 |
Gain on asset disposals |  |  | (10,171 | ) |  |  | (1,447 | ) |  |  | (313 | ) |  |  | — |  |  |  | (11,931 | )
Total assets |  |  | 2,571,397 |  |  |  | 132,771 |  |  |  | 194,710 |  |  |  | — |  |  |  | 2,898,878 |
Capital expenditures |  |  | 57,741 |  |  |  | 3,362 |  |  |  | 489 |  |  |  | — |  |  |  | 61,592 |
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 |
A reconciliation of operating earnings (loss) to loss before income taxes is as follows:
|  |  |  |  |  |  |  | 2020 |  |  | 2019 |
Operating earnings (loss) |  |  |  |  |  |  |  | $ | (40,988 | ) |  | $ | 94,577 |
Deduct: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign exchange |  |  |  |  |  |  |  |  | 4,542 |  |  |  | (8,722 | )
Finance charges |  |  |  |  |  |  |  |  | 107,468 |  |  |  | 118,453 |
Gain on redemption and repurchase of unsecured senior notes |  |  |  |  |  |  |  |  | (43,814 | ) |  |  | (6,815 | )
Loss before income taxes |  |  |  |  |  |  |  | $ | (109,184 | ) |  | $ | (8,339 | )
The Corporation’s operations are carried on in the following geographic locations:
2020 |  | United States |  |  | Canada |  |  | International |  |  | Total |
Revenue |  | $ | 444,052 |  |  | $ | 305,613 |  |  | $ | 186,088 |  |  | $ | 935,753 |
Total assets |  |  | 1,339,945 |  |  |  | 1,053,921 |  |  |  | 505,012 |  |  |  | 2,898,878 |
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 |

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