Segmented Information

12 Months Ended

Dec. 31, 2022

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, 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.


Year ended December 31, 2022	Contract Drilling Services			Completion and Production Services			Corporate and Other			Inter- Segment Eliminations			Total
Revenue	$	1,436,134		$	187,171		$	—		$	(6,111	)	$	1,617,194
Earnings before income taxes, loss on redemption and repurchase of unsecured senior notes, loss (gain) on investments and other assets, finance charges, foreign exchange, gain on asset disposals, and depreciation and amortization		397,753			38,147			(124,295	)		—			311,605
Depreciation and amortization		255,286			14,381			9,368			—			279,035
Gain on asset disposals		(25,495	)		(3,233	)		(1,198	)		—			(29,926	)
Total assets		2,574,867			179,226			122,030			—			2,876,123
Capital expenditures		177,844			5,325			1,081			—			184,250


Year ended December 31, 2021	Contract Drilling Services			Completion and Production Services			Corporate and Other			Inter- Segment Eliminations			Total
Revenue	$	877,943		$	113,488		$	—		$	(4,584	)	$	986,847
Earnings before income taxes, loss on redemption and repurchase of unsecured senior notes, loss (gain) on investments and other assets, finance charges, foreign exchange, gain on asset disposals, and depreciation and amortization		231,532			23,807			(62,567	)		—			192,772
Depreciation and amortization		256,072			15,405			10,849			—			282,326
Gain on asset disposals		(7,673	)		(525	)		(318	)		—			(8,516	)
Total assets		2,392,382			127,233			142,137			—			2,661,752
Capital expenditures		70,998			4,452			491			—			75,941

A reconciliation of earnings before income taxes, loss on redemption and repurchase of unsecured senior notes, loss (g

in) on investments and other assets, finance charges, foreign exchange, gain on asset disposals, and depreciation and amortization to net loss is as follows:


	2022			2021
Earnings before income taxes, loss on redemption and repurchase of unsecured senior notes, loss (gain) on investments and other assets, finance charges, foreign exchange, gain on asset disposals, and depreciation and amortization	$	311,605		$	192,772
Deduct:
Depreciation and amortization		279,035			282,326
Gain on asset disposals		(29,926	)		(8,516	)
Foreign exchange		1,278			393
Finance charges		87,813			91,431
Loss (gain) on investments and other assets		(12,452	)		400
Loss on redemption and repurchase of unsecured senior notes		—			9,520
Income taxes		20,150			(5,396	)
Net loss	$	(34,293	)	$	(177,386	)

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


Year ended December 31, 2022	United States		Canada		International		Total
Revenue	$	745,630	$	725,560	$	146,004	$	1,617,194
Total assets		1,376,413		1,056,093		443,617		2,876,123


Year ended December 31, 2021	United States		Canada		International		Total
Revenue	$	398,024	$	443,772	$	145,051	$	986,847
Total assets		1,247,173		959,163		455,416		2,661,752