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Guarantor/Non Guarantor Condensed Consolidating Financial Statements (Tables)
 9 Months Ended
Sep. 30, 2020
Guarantor Non Guarantor Condensed Consolidated Financial Statements [Abstract]  
Condensed Consolidating Balance Sheets
PIONEER ENERGY SERVICES CORP. AND SUBSIDIARIES
CONDENSED CONSOLIDATING BALANCE SHEETS
(unaudited, in thousands)
Successor
 September 30, 2020
 ParentGuarantor
Subsidiaries		Non-Guarantor
Subsidiaries		EliminationsConsolidated
ASSETS
Current assets:
Cash and cash equivalents$22,616 $— $5,465 $— $28,081 
Restricted cash4,021 — — — 4,021 
Receivables, net of allowance1,110 46,252 8,991 — 56,353 
Intercompany receivable (payable)(3,131)31,141 (28,010)— — 
Inventory— 5,636 7,661 — 13,297 
Assets held for sale— 4,295 — — 4,295 
Prepaid expenses and other current assets2,365 1,319 657 — 4,341 
Total current assets26,981 88,643 (5,236)— 110,388 
Net property and equipment402 149,982 22,013 — 172,397 
Investment in subsidiaries235,479 33,817 — (269,296)— 
Intangible assets, net of accumulated amortization1,902 7,156 — — 9,058 
Deferred income taxes— — 10,433 — 10,433 
Operating lease assets2,687 1,977 — — 4,664 
Other noncurrent assets2,212 52 9,898 — 12,162 
Total assets$269,663 $281,627 $37,108 $(269,296)$319,102 
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable$4,725 $8,608 $2,112 $— $15,445 
Current portion of long-term debt2,199 — — — 2,199 
Deferred revenues— 205 510 — 715 
Accrued expenses6,915 33,019 669 — 40,603 
Total current liabilities13,839 41,832 3,291 — 58,962 
Long-term debt, less unamortized discount and debt issuance costs143,017 — — — 143,017 
Noncurrent operating lease liabilities2,349 1,489 — — 3,838 
Deferred income taxes171 732 — — 903 
Other noncurrent liabilities242 2,095 — — 2,337 
Total liabilities159,618 46,148 3,291 — 209,057 
Total stockholders’ equity110,045 235,479 33,817 (269,296)110,045 
Total liabilities and stockholders’ equity$269,663 $281,627 $37,108 $(269,296)$319,102 
Predecessor
 December 31, 2019
 ParentGuarantor
Subsidiaries		Non-Guarantor
Subsidiaries		EliminationsConsolidated
ASSETS
Current assets:
Cash and cash equivalents$14,461 $— $10,158 $— $24,619 
Restricted cash998 — — — 998 
Receivables, net of allowance107 92,394 30,908 117 123,526 
Intercompany receivable (payable)(28,664)64,485 (35,821)— — 
Inventory— 10,325 12,128 — 22,453 
Assets held for sale— 3,447 — — 3,447 
Prepaid expenses and other current assets2,849 4,122 898 — 7,869 
Total current assets(10,249)174,773 18,271 117 182,912 
Net property and equipment2,374 441,567 27,229 — 471,170 
Investment in subsidiaries547,123 47,953 — (595,076)— 
Deferred income taxes44,224 — 11,540 (44,224)11,540 
Operating lease assets3,114 3,581 569 — 7,264 
Other noncurrent assets506 562 — — 1,068 
Total assets$587,092 $668,436 $57,609 $(639,183)$673,954 
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable$1,811 $24,436 $6,304 $— $32,551 
Deferred revenues— 513 826 — 1,339 
Accrued expenses10,570 44,893 2,111 117 57,691 
Total current liabilities12,381 69,842 9,241 117 91,581 
Long-term debt, less unamortized discount and debt issuance costs467,699 — — — 467,699 
Noncurrent operating lease liabilities2,749 2,536 415 — 5,700 
Deferred income taxes— 48,641 — (44,224)4,417 
Other noncurrent liabilities187 294 — — 481 
Total liabilities not subject to compromise483,016 121,313 9,656 (44,107)569,878 
Total stockholders’ equity104,076 547,123 47,953 (595,076)104,076 
Total liabilities and stockholders’ equity$587,092 $668,436 $57,609 $(639,183)$673,954 
Condensed Consolidating Statements of Operations
PIONEER ENERGY SERVICES CORP. AND SUBSIDIARIES
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
(unaudited, in thousands)
Successor
Three Months Ended September 30, 2020
ParentGuarantor
Subsidiaries		Non-Guarantor
Subsidiaries		EliminationsConsolidated
Revenues$— $34,937 $4,061 $— $38,998 
Costs and expenses:
Operating costs— 25,443 3,450 — 28,893 
Depreciation and amortization103 11,354 3,242 — 14,699 
General and administrative7,672 3,711 438 (195)11,626 
Intercompany leasing— (1,215)1,215 — — 
Bad debt expense (recovery), net— (315)— — (315)
Loss (gain) on dispositions of property and equipment, net(14)(3,822)7 — (3,829)
Total costs and expenses7,761 35,156 8,352 (195)51,074 
Income (loss) from operations(7,761)(219)(4,291)195 (12,076)
Other income (expense):
Equity in earnings of subsidiaries(3,589)(3,639)— 7,228 — 
Interest expense(6,261)— 8 — (6,253)
Reorganization items, net(2,522)— — — (2,522)
Other income18 272 (943)(195)(848)
Total other income (expense), net(12,354)(3,367)(935)7,033 (9,623)
Income (loss) before income taxes(20,115)(3,586)(5,226)7,228 (21,699)
Income tax (expense) benefit 1
45 (3)1,587 — 1,629 
Net income (loss)$(20,070)$(3,589)$(3,639)$7,228 $(20,070)
Predecessor
 Three months ended September 30, 2019
 ParentGuarantor
Subsidiaries		Non-Guarantor
Subsidiaries		EliminationsConsolidated
Revenues$— $124,781 $21,617 $— $146,398 
Costs and expenses:
Operating costs— 92,216 15,843 — 108,059 
Depreciation and amortization219 21,193 1,512 — 22,924 
General and administrative15,979 13,640 1,001 (135)30,485 
Intercompany leasing— (1,215)1,215 — — 
Bad debt expense, net of recovery— 196 — — 196 
Loss (gain) on dispositions of property and equipment, net— 28 (11)— 17 
Total costs and expenses16,198 126,058 19,560 (135)161,681 
Income (loss) from operations(16,198)(1,277)2,057 135 (15,283)
Other income (expense):
Equity in earnings of subsidiaries(640)1,164 — (524)— 
Interest expense(10,020)3 4 — (10,013)
Other income (expense)86 236 (775)(135)(588)
Total other income (expense), net(10,574)1,403 (771)(659)(10,601)
Income (loss) before income taxes(26,772)126 1,286 (524)(25,884)
Income tax (expense) benefit 1
756 (766)(122)— (132)
Net income (loss)$(26,016)$(640)$1,164 $(524)$(26,016)
1 The income tax (expense) benefit reflected in each column does not include any tax effect of the equity in earnings (losses) of subsidiaries.
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
(unaudited, in thousands)
Successor
Four Months Ended September 30, 2020
ParentGuarantor
Subsidiaries		Non-Guarantor
Subsidiaries		EliminationsConsolidated
Revenues$— $45,272 $4,889 $— $50,161 
Costs and expenses:
Operating costs— 33,123 4,513 — 37,636 
Depreciation and amortization227 15,390 4,318 — 19,935 
General and administrative10,101 5,414 584 (260)15,839 
Intercompany leasing— (1,620)1,620 — — 
Impairment— 388 — — 388 
Bad debt recovery, net of expense— (598)— — (598)
Loss (gain) on dispositions of property and equipment, net(14)(4,282)7 — (4,289)
Total costs and expenses10,314 47,815 11,042 (260)68,911 
Loss from operations(10,314)(2,543)(6,153)260 (18,750)
Other income (expense):
Equity in earnings of subsidiaries(7,901)(5,295)— 13,196 — 
Interest expense(8,478)— 10 — (8,468)
Reorganization items, net(3,263)(403)— — (3,666)
Other income (expense)24 361 (1,203)(260)(1,078)
Total other expense, net(19,618)(5,337)(1,193)12,936 (13,212)
Loss before income taxes(29,932)(7,880)(7,346)13,196 (31,962)
Income tax (expense) benefit 1
45 (21)2,051 — 2,075 
Net income (loss)$(29,887)$(7,901)$(5,295)$13,196 $(29,887)
Predecessor
Five Months Ended May 31, 2020
ParentGuarantor
Subsidiaries		Non-Guarantor
Subsidiaries		EliminationsConsolidated
Revenues$— $126,442 $15,928 $— $142,370 
Costs and expenses:
Operating costs— 100,372 13,675 — 114,047 
Depreciation and amortization374 33,129 2,144 — 35,647 
General and administrative8,865 12,489 918 (225)22,047 
Pre-petition restructuring charges16,822 — — — 16,822 
Intercompany leasing— (2,025)2,025 — — 
Impairment— 17,853 — — 17,853 
Bad debt expense, net of recovery— 1,209 — — 1,209 
Loss (gain) on dispositions of property and equipment, net3 (992)— — (989)
Total costs and expenses26,064 162,035 18,762 (225)206,636 
Loss from operations(26,064)(35,593)(2,834)225 (64,266)
Other income (expense):
Equity in earnings of subsidiaries(227,497)(8,594)— 236,091 — 
Interest expense(12,315)— 21 — (12,294)
Reorganization items, net210,346 (231,420)(829)— (21,903)
Loss on extinguishment of debt(4,215)— — — (4,215)
Other income (expense)(4)394 (3,498)(225)(3,333)
Total other expense, net(33,685)(239,620)(4,306)235,866 (41,745)
Loss before income taxes(59,749)(275,213)(7,140)236,091 (106,011)
Income tax (expense) benefit 1
(44,476)47,716 (1,454)— 1,786 
Net income (loss)$(104,225)$(227,497)$(8,594)$236,091 $(104,225)
Predecessor
 Nine months ended September 30, 2019
 ParentGuarantor
Subsidiaries		Non-Guarantor
Subsidiaries		EliminationsConsolidated
Revenues$— $377,127 $68,682 $— $445,809 
Costs and expenses:
Operating costs— 281,735 50,879 — 332,614 
Depreciation and amortization709 63,491 4,228 — 68,428 
General and administrative30,882 35,665 2,129 (405)68,271 
Intercompany leasing— (3,645)3,645 — — 
Impairment— 1,378 — — 1,378 
Bad debt recovery, net of expense— (90)— — (90)
Gain on dispositions of property and equipment, net— (2,077)(107)— (2,184)
Total costs and expenses31,591 376,457 60,774 (405)468,417 
Income (loss) from operations(31,591)670 7,908 405 (22,608)
Other income (expense):
Equity in earnings of subsidiaries5,433 7,059 — (12,492)— 
Interest expense(29,953)(12)(38)— (30,003)
Other income (expense)383 903 (436)(405)445 
Total other income (expense), net(24,137)7,950 (474)(12,897)(29,558)
Income (loss) before income taxes(55,728)8,620 7,434 (12,492)(52,166)
Income tax (expense) benefit 1
1,653 (3,187)(375)— (1,909)
Net income (loss)$(54,075)$5,433 $7,059 $(12,492)$(54,075)
1 The income tax (expense) benefit reflected in each column does not include any tax effect of the equity in earnings (losses) of subsidiaries.
Condensed Consolidating Statements of Cash Flows
PIONEER ENERGY SERVICES CORP. AND SUBSIDIARIES
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
(unaudited, in thousands)
Successor
Four Months Ended September 30, 2020
ParentGuarantor
Subsidiaries		Non-Guarantor
Subsidiaries		EliminationsConsolidated
Cash flows from operating activities$(16,592)$20,169 $(4,314)$— $(737)
Cash flows from investing activities:
Purchases of property and equipment(13)(1,991)(380)— (2,384)
Proceeds from sale of property and equipment18 8,271 14 — 8,303 
Proceeds from insurance recoveries— 155 — — 155 
5 6,435 (366)— 6,074 
Cash flows from financing activities:
Intercompany contributions/distributions26,617 (26,604)(13)— — 
26,617 (26,604)(13)— — 
Net decrease in cash, cash equivalents and restricted cash10,030 — (4,693)— 5,337 
Beginning cash, cash equivalents and restricted cash16,607 — 10,158 — 26,765 
Ending cash, cash equivalents and restricted cash$26,637 $— $5,465 $— $32,102 
Predecessor
Five Months Ended May 31, 2020
ParentGuarantor
Subsidiaries		Non-Guarantor
Subsidiaries		EliminationsConsolidated
Cash flows from operating activities$(127,760)$132,354 $(6,839)$— $(2,245)
Cash flows from investing activities:
Purchases of property and equipment(569)(8,755)(1,524)— (10,848)
Proceeds from sale of property and equipment— 1,819 — (154)1,665 
Proceeds from insurance recoveries— 22 — — 22 
(569)(6,914)(1,524)(154)(9,161)
Cash flows from financing activities:
Debt repayments(175,000)— — — (175,000)
Proceeds from debt issuance195,187 — — — 195,187 
Proceeds from DIP Facility4,000 — — — 4,000 
Repayment of DIP Facility(4,000)— — — (4,000)
Payments of debt issuance costs(7,625)— — — (7,625)
Purchase of treasury stock(8)— — — (8)
Intercompany contributions/distributions116,923 (125,440)8,363 154 — 
129,477 (125,440)8,363 154 12,554 
Net decrease in cash, cash equivalents and restricted cash1,148 — — — 1,148 
Beginning cash, cash equivalents and restricted cash15,459 — 10,158 — 25,617 
Ending cash, cash equivalents and restricted cash$16,607 $— $10,158 $— $26,765 
Predecessor
 Nine months ended September 30, 2019
 ParentGuarantor
Subsidiaries		Non-Guarantor
Subsidiaries		EliminationsConsolidated
Cash flows from operating activities$(38,177)$41,854 $4,961 $— $8,638 
Cash flows from investing activities:
Purchases of property and equipment(637)(36,644)(3,262)— (40,543)
Proceeds from sale of property and equipment— 4,688 90 — 4,778 
Proceeds from insurance recoveries— 641 — — 641 
(637)(31,315)(3,172)— (35,124)
Cash flows from financing activities:
Purchase of treasury stock(125)— — — (125)
Intercompany contributions/distributions10,784 (10,539)(245)— — 
10,659 (10,539)(245)— (125)
Net increase (decrease) in cash, cash equivalents and restricted cash(28,155)— 1,544 — (26,611)
Beginning cash, cash equivalents and restricted cash51,348 — 3,216 — 54,564 
Ending cash, cash equivalents and restricted cash$23,193 $— $4,760 $— $27,953