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Segment Information | 6 Months Ended
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Jun. 30, 2013
Segment Information |
Segment Information | Note 13 Segment Information The following table sets forth financial information with respect to our 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 The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -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. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 13: 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 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 + Details
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