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BUSINESS SEGMENTS AND GEOGRAPHIC INFORMATION (Tables)
3 Months Ended
Dec. 31, 2018
BUSINESS SEGMENTS AND GEOGRAPHIC INFORMATION  
Summary of financial information of the entity's reportable segments

Summarized financial information of our reportable segments for the three months ended December 31, 2018 and 2017 is shown in the following tables:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

December 31, 2018

 

 

 

 

 

 

International

 

H&P

 

 

 

 

 

 

(in thousands)

    

U.S. Land

    

Offshore

    

Land

 

Technologies

    

Other

    

Eliminations

    

Total

External Sales

 

$

624,241

 

$

36,910

 

$

66,287

 

$

9,920

 

$

3,240

 

$

 —

 

$

740,598

Intersegment

 

 

582

 

 

 —

 

 

 —

 

 

 —

 

 

234

 

$

(816)

 

 

 —

Total Sales

 

 

624,823

 

 

36,910

 

 

66,287

 

 

9,920

 

 

3,474

 

 

(816)

 

 

740,598

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Segment Operating Income (Loss)

 

 

79,668

 

 

7,168

 

 

6,630

 

 

(10,344)

 

 

1,554

 

 

 —

 

 

84,676

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

December 31, 2017

 

 

 

 

 

 

International

 

H&P

 

 

 

 

 

 

(in thousands)

    

U.S. Land

    

Offshore

    

Land

 

Technologies (1)

    

Other (1)

    

Eliminations

    

Total

External Sales

 

$

461,640

 

$

33,366

 

$

63,214

 

$

2,849

 

$

3,018

 

$

 —

 

$

564,087

Intersegment

 

 

 —

 

 

 —

 

 

 —

 

 

 —

 

 

220

 

 

(220)

 

 

 —

Total Sales

 

 

461,640

 

 

33,366

 

 

63,214

 

 

2,849

 

 

3,238

 

 

(220)

 

 

564,087

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Segment Operating Income (Loss)

 

 

24,745

 

 

8,725

 

 

3,534

 

 

(8,815)

 

 

1,498

 

 

 —

 

 

29,687

 

(1)

Prior period information has been recast to reflect the change in operating segments.

Schedule of reconciliation of segment operating income (loss) to income from continuing operations before income taxes

The following table reconciles segment operating income (loss) per the table above to income from continuing operations before income taxes as reported on the Unaudited Condensed Consolidated Statements of Operations:

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

December 31, 

 

    

2018

    

2017

(in thousands)

 

 

 

 

As adjusted

Segment operating income

 

$

84,676

 

$

29,687

Income from asset sales

 

 

5,545

 

 

5,565

Corporate selling, general and administrative costs and corporate depreciation

 

 

(35,932)

 

 

(31,643)

Operating income from continuing operations

 

 

54,289

 

 

3,609

Other income (expense)

 

 

 

 

 

 

Interest and dividend income

 

 

2,450

 

 

1,724

Interest expense

 

 

(4,720)

 

 

(5,773)

Loss on investment securities

 

 

(42,844)

 

 

 —

Other

 

 

541

 

 

441

Total unallocated amounts

 

 

(44,573)

 

 

(3,608)

Income from continuing operations before income taxes

 

$

9,716

 

$

 1

 

Schedule of total assets by reportable segment

The following table presents total assets by reportable segment:

 

 

 

 

 

 

 

 

 

 

December 31, 

 

September 30, 

(in thousands)

    

2018

    

2018

Total assets

 

 

 

 

 

 

U.S. Land

 

$

5,076,230

 

$

5,012,378

Offshore

 

 

103,650

 

 

105,439

International Land

 

 

328,718

 

 

362,033

H&P Technologies

 

 

153,170

 

 

146,957

Other

 

 

29,678

 

 

29,525

 

 

 

5,691,446

 

 

5,656,332

Investments and corporate operations

 

 

452,895

 

 

558,535

Total assets from continuing operations

 

 

6,144,341

 

 

6,214,867

Discontinued operations

 

 

 —

 

 

 —

 

 

$

6,144,341

 

$

6,214,867

 

Schedule of revenues from external customers and long-lived assets

The following table presents revenues from external customers by country based on the location of service provided:

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

December 31, 

(in thousands)

    

2018

    

2017

Operating revenues

 

 

 

 

 

 

United States

 

$

674,001

 

$

500,758

Argentina

 

 

41,605

 

 

48,829

Colombia

 

 

17,426

 

 

11,996

Other Foreign

 

 

7,566

 

 

2,504

Total

 

$

740,598

 

$

564,087