XML 16 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Operating revenues:        
Drilling - U.S. Land $ 285,028 $ 494,615 $ 1,004,116 $ 2,103,125
Drilling - Offshore 30,492 57,071 106,697 189,386
Drilling - International Land 47,983 106,551 171,529 304,262
Other 2,983 3,208 10,182 11,129
Total operating revenues 366,486 661,445 1,292,524 2,607,902
Operating costs and other:        
Operating costs, excluding depreciation 186,146 350,640 684,401 1,377,202
Depreciation 138,690 144,965 422,336 433,445
Asset impairment charge 6,250   6,250  
General and administrative 46,496 29,253 112,381 96,984
Research and development 2,707 3,329 7,941 12,344
Income from asset sales (547) (1,791) (7,820) (8,819)
Total operating costs and expenses 379,742 526,396 1,225,489 1,911,156
Operating income (loss) from continuing operations (13,256) 135,049 67,035 696,746
Other income (expense):        
Interest and dividend income 778 1,588 2,310 4,447
Interest expense (6,407) (6,136) (16,652) (9,326)
Other 534 (281) 926 88
Total other income (expense) (5,095) (4,829) (13,416) (4,791)
Income (loss) from continuing operations before income taxes (18,351) 130,220 53,619 691,955
Income tax provision 2,842 39,321 33,740 243,891
Income (loss) from continuing operations (21,193) 90,899 19,879 448,064
Income (loss) from discontinued operations before income taxes 2,193 (27) 2,241 (118)
Income tax provision 2,200   6,113 (77)
Loss from discontinued operations (7) (27) (3,872) (41)
NET INCOME (LOSS) $ (21,200) $ 90,872 $ 16,007 $ 448,023
Basic earnings per common share:        
Income (loss) from continuing operations (in dollars per share) $ (0.20) $ 0.84 $ 0.18 $ 4.13
Loss from discontinued operations (in dollars per share)     (0.04)  
Net income (loss) (in dollars per share) (0.20) 0.84 0.14 4.13
Diluted earnings per common share:        
Income (loss) from continuing operations (in dollars per share) (0.20) 0.83 0.17 4.10
Loss from discontinued operations (in dollars per share)     (0.04)  
Net income (loss) (in dollars per share) $ (0.20) $ 0.83 $ 0.13 $ 4.10
Weighted average shares outstanding (in thousands):        
Basic (in shares) 108,047 107,652 107,970 107,759
Diluted (in shares) 108,047 108,469 108,523 108,571
Dividends declared per common share (in dollars per share) $ 0.7000 $ 0.6875 $ 2.075 $ 2.0625