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Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2013
Segment Information |
Financial information with respect to operating segments |
|  | Three Months Ended June 30, |  | Six Months Ended June 30, |
|  | 2013 |  | 2012 |  | 2013 |  | 2012 |
|  | (In thousands) |
Operating revenues and Earnings (losses) from unconsolidated affiliates from continuing operations: |  |  |  |  |  |  |  |  |
Drilling & Rig Services: |  |  |  |  |  |  |  |  |
U.S. |  | $ | 467,129 |  | $ | 598,765 |  | $ | 951,902 |  | $ | 1,225,870 |
Canada |  | 64,789 |  | 66,015 |  | 191,656 |  | 210,750 |
International |  | 351,421 |  | 304,622 |  | 672,937 |  | 611,087 |
Rig Services (1) |  | 152,462 |  | 228,614 |  | 331,772 |  | 470,372 |
Subtotal Drilling & Rig Services (2) |  | 1,035,801 |  | 1,198,016 |  | 2,148,267 |  | 2,518,079 |
Completion & Production Services: |  |  |  |  |  |  |  |  |
Production Services |  | 244,602 |  | 240,380 |  | 496,173 |  | 497,639 |
Completion Services |  | 254,016 |  | 387,663 |  | 516,154 |  | 785,699 |
Subtotal Completion & Production Services (3) |  | 498,618 |  | 628,043 |  | 1,012,327 |  | 1,283,338 |
Other reconciling items (4) |  | (41,473 | ) | (223,262 | ) | (86,108 | ) | (376,863 | )
Total |  | $ | 1,492,946 |  | $ | 1,602,797 |  | $ | 3,074,486 |  | $ | 3,424,554 |
|  | Three Months Ended June 30, |  | Six Months Ended June 30, |
|  | 2013 |  | 2012 |  | 2013 |  | 2012 |
|  | (In thousands) |
Adjusted income (loss) derived from operating activities from continuing operations: (5) |  |  |  |  |  |  |  |  |
Drilling & Rig Services: |  |  |  |  |  |  |  |  |
U.S. |  | $ | 69,813 |  | $ | 145,351 |  | $ | 147,408 |  | $ | 312,084 |
Canada |  | 3,895 |  | (529 | ) | 34,413 |  | 42,617 |
International |  | 32,481 |  | 16,401 |  | 53,950 |  | 37,539 |
Rig Services (1) |  | (4,044 | ) | 28,179 |  | 3,693 |  | 58,025 |
Subtotal Drilling & Rig Services (2) |  | 102,145 |  | 189,402 |  | 239,464 |  | 450,265 |
Completion & Production Services: |  |  |  |  |  |  |  |  |
Production Services |  | 23,471 |  | 25,397 |  | 49,485 |  | 53,426 |
Completion Services |  | 6,870 |  | 46,144 |  | 24,626 |  | 111,004 |
Subtotal Completion & Production |  |  |  |  |  |  |  |  |
Services (3) |  | 30,341 |  | 71,541 |  | 74,111 |  | 164,430 |
Other reconciling items (6) |  | (41,543 | ) | (35,596 | ) | (73,044 | ) | (73,812 | )
Total adjusted income (loss) derived from operating activities |  | $ | 90,943 |  | $ | 225,347 |  | $ | 240,531 |  | $ | 540,883 |
U.S. oil and gas joint venture earnings (losses) |  | — |  | (140,434 | ) | — |  | (202,996 | )
Interest expense |  | (60,271 | ) | (63,459 | ) | (120,279 | ) | (126,113 | )
Investment income (loss) |  | 14,821 |  | 5,368 |  | 94,242 |  | 25,620 |
Gains (losses) on sales and disposals of long-lived assets and other income (expense), net |  | (9,312 | ) | (160,917 | ) | (69,119 | ) | (159,077 | )
Income (loss) from continuing operations before income taxes |  | $ | 36,181 |  | $ | (134,095 | ) | $ | 145,375 |  | $ | 78,317 |
|  | June 30, |  | December 31, |
|  | 2013 |  | 2012 |
|  | (In thousands) |
Total assets: |  |  |  |  |
Drilling & Rig Services: |  |  |  |  |
U.S. |  | $ | 4,179,649 |  | $ | 4,157,470 |
Canada |  | 631,078 |  | 699,699 |
International |  | 3,581,505 |  | 3,626,307 |
Rig Services |  | 630,281 |  | 644,350 |
Subtotal Drilling & Rig Services (7) |  | 9,022,513 |  | 9,127,826 |
Completion & Production Services (8) (9) |  | 2,252,618 |  | 2,301,802 |
Other reconciling items (6) (10) |  | 991,772 |  | 1,226,394 |
Total assets: |  | $ | 12,266,903 |  | $ | 12,656,022 |
(1) Includes our drilling technology and top drive manufacturing, directional drilling, rig instrumentation and software, and construction services. These services represent our other businesses that are not aggregated into a reportable operating segment. (2) Includes earnings (losses), net from unconsolidated affiliates, accounted for using the equity method, of $1.2 million and $6.1 million for the three months ended June 30, 2013 and 2012, respectively, and $4.0 million for the six months ended June 30, 2013. (3) Includes earnings (losses), net from unconsolidated affiliates, accounted for using the equity method, of $.2 million and $.3 million for the three and six months ended June 30, 2013, respectively. (4) Represents the elimination of inter-segment transactions and earnings (losses), net from our former U.S. unconsolidated oil and gas joint venture, accounted for using the equity method, of $(140.4) million and $(203.0) million for the three and six months ended June 30, 2012, respectively. In December 2012, we sold our equity interest in the oil and gas joint venture. (5) Adjusted income (loss) derived from operating activities is computed by subtracting the sum of direct costs, general and administrative expenses, depreciation and amortization, and earnings (losses) from our former U.S. oil and gas joint venture from the sum of Operating revenues and Earnings (losses) from unconsolidated affiliates. These amounts should not be used as a substitute for the amounts reported in accordance with GAAP. However, management evaluates the performance of our business units and the consolidated company based on several criteria, including adjusted income (loss) derived from operating activities, because it believes that these financial measures accurately reflect our ongoing profitability. A reconciliation of this non-GAAP measure to income (loss) from continuing operations before income taxes, which is a GAAP measure, is provided in the above table. (6) Represents the elimination of inter-segment transactions and unallocated corporate expenses, assets and capital expenditures. (7) Includes $62.7 million and $59.9 million of investments in unconsolidated affiliates accounted for using the equity method as of June 30, 2013 and December 31, 2012, respectively. (8) Reflects assets allocated to the line of business to conduct its operations. Further allocation to individual operating segments of Completion and Production Services is not available. (9) Includes $5.7 million and $1.8 million of investments in unconsolidated affiliates accounted for using the equity method as of June 30, 2013 and December 31, 2012, respectively. (10) Includes assets of $351.3 million and $377.6 million from oil and gas businesses classified as assets held-for-sale as of June 30, 2013 and December 31, 2012, respectively.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13816-109267 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8736-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8813-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -Paragraph 27, 28 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
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