Segmented Information

12 Months Ended

Dec. 31, 2020

Disclosure Of Operating Segments [Abstract]

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