XML 30 R20.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Segment Information | 9 Months Ended
--- | ---
Sep. 30, 2017
Segment Information |
Segment Information | Note 12 Segment Information The following table sets forth financial information with respect to our reportable operating segments:
|  |  | Three Months Ended |  | Nine Months Ended |
|  |  | September 30, |  | September 30, |
|  |  | 2017 |  | 2016 |  | 2017 |  | 2016 |
| (In thousands)
Operating revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Drilling & Rig Services: |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. |  |  | $ | 222,747 |  | $ | 116,095 |  | $ | 572,025 |  | $ | 405,113 |
Canada |  |  |  | 18,073 |  |  | 10,444 |  |  | 63,002 |  |  | 34,555 |
International |  |  |  | 374,106 |  |  | 363,552 |  |  | 1,092,667 |  |  | 1,165,631 |
Rig Services |  |  |  | 87,538 |  |  | 58,950 |  |  | 251,993 |  |  | 152,051 |
Subtotal Drilling & Rig Services |  |  |  | 702,464 |  |  | 549,041 |  |  | 1,979,687 |  |  | 1,757,350 |
Other reconciling items (1) |  |  |  | (40,361) |  |  | (29,312) |  |  | (123,679) |  |  | (68,459) |
Total |  |  | $ | 662,103 |  | $ | 519,729 |  | $ | 1,856,008 |  | $ | 1,688,891 |
|  |  | Three Months Ended |  | Nine Months Ended |
|  |  | September 30, |  | September 30, |
|  |  | 2017 |  | 2016 |  | 2017 |  | 2016 |
| (In thousands)
Adjusted operating income (loss): (2) |  |  |  |  |  |  |  |  |  |  |  |  |  |
Drilling & Rig Services: |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. |  |  | $ | (53,536) |  | $ | (58,876) |  | $ | (172,797) |  | $ | (154,763) |
Canada |  |  |  | (7,494) |  |  | (10,156) |  |  | (16,519) |  |  | (28,265) |
International |  |  |  | 32,316 |  |  | 43,595 |  |  | 80,464 |  |  | 144,326 |
Rig Services |  |  |  | (4,671) |  |  | (12,937) |  |  | (15,048) |  |  | (43,238) |
Total |  |  | $ | (33,385) |  | $ | (38,374) |  | $ | (123,900) |  | $ | (81,940) |
|  |  | Three Months Ended |  | Nine Months Ended |
|  |  | September 30, |  | September 30, |
|  |  | 2017 |  | 2016 |  | 2017 |  | 2016 |
| (In thousands)
Reconciliation of segment adjusted operating income (loss) to net income (loss) from continuing operations before income taxes: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total segment adjusted operating income (loss) (2) |  |  | $ | (33,385) |  | $ | (38,374) |  | $ | (123,900) |  | $ | (81,940) |
Other reconciling items (3) |  |  |  | (40,820) |  |  | (33,600) |  |  | (123,531) |  |  | (97,205) |
Earnings (losses) from unconsolidated affiliates |  |  |  | 4 |  |  | 2 |  |  | 6 |  |  | (221,918) |
Investment income (loss) |  |  |  | 373 |  |  | 310 |  |  | 208 |  |  | 923 |
Interest expense |  |  |  | (54,607) |  |  | (46,836) |  |  | (165,813) |  |  | (137,803) |
Other, net |  |  |  | (5,559) |  |  | (10,392) |  |  | (29,173) |  |  | (267,403) |
Income (loss) from continuing operations before income taxes |  |  | $ | (133,994) |  | $ | (128,890) |  | $ | (442,203) |  | $ | (805,346) |
|  | September 30, |  | December 31, |
|  | 2017 |  | 2016 |
|  | (In thousands) |
Total assets: |  |  |  |  |  |  |
Drilling & Rig Services: |  |  |  |  |  |  |
U.S. |  | $ | 3,288,663 |  | $ | 3,172,767 |
Canada |  |  | 341,114 |  |  | 329,620 |
International |  |  | 3,433,515 |  |  | 3,600,057 |
Rig Services |  |  | 443,169 |  |  | 359,435 |
Subtotal Drilling & Rig Services |  |  | 7,506,461 |  |  | 7,461,879 |
Other reconciling items (3) |  |  | 582,124 |  |  | 725,136 |
Total |  | $ | 8,088,585 |  | $ | 8,187,015 |
| (1) |  | Represents the elimination of inter-segment transactions.
| (2) |  | Adjusted operating income (loss) is computed by subtracting the sum of direct costs, general and administrative expenses, research and engineering expenses and depreciation and amortization from operating revenues. Management evaluates the performance of our operating segments using adjusted operating income (loss), which is a segment performance measure, because it believes that this financial measure reflects our ongoing profitability and performance. In addition, securities analysts and investors use this measure as one of the metrics on which they analyze our performance. A reconciliation to income (loss) from continuing operations before income taxes is provided in the above table.
| (3) |  | Represents the elimination of inter-segment transactions and unallocated corporate expenses, assets and capital expenditures.

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8981-108599 Reference 2: 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=68060357&loc=d3e9038-108599 Reference 3: 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=68060357&loc=d3e8971-108599 Reference 4: 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=68060357&loc=d3e8595-108599 Reference 5: 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=68060357&loc=d3e8380-108599 Reference 6: 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=68060357&loc=d3e8933-108599 Reference 7: 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=68060357&loc=d3e8844-108599 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=68060357&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 40 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9031-108599 Reference 10: 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=68060357&loc=d3e9054-108599 Reference 11: 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=68060357&loc=d3e8538-108599 Reference 12: 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=68060357&loc=d3e8864-108599 Reference 13: 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=68060357&loc=d3e8924-108599 Reference 14: 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=68060357&loc=d3e8906-108599 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration