XML 36 R78.htm IDEA: XBRL DOCUMENT v3.19.3
Supplemental Condensed Consolidated Financial Information (Condensed Consolidating Statements of Income) (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Condensed Financial Statements, Captions [Line Items]        
Revenues $ 155,439 $ 220,058 $ 510,276 $ 628,493
Expenses:        
Operating costs 92,653 107,305 294,164 320,553
Depreciation, depletion, and amortization 70,214 63,537 198,632 178,976
Impairments 234,880 0 234,880 0
General and administrative 10,094 9,278 29,899 28,752
(Gain) loss on disposition of assets 231 (253) 1,424 (575)
Total operating costs 408,072 179,867 758,999 527,706
Income (loss) from operations (252,633) 40,191 (248,723) 100,787
Interest, net (9,534) (7,945) (27,067) (25,678)
Gain (loss) on derivatives 4,237 (4,385) 5,232 (25,608)
Other, net (622) 6 (611) 17
Income (loss) before income taxes (258,552) 27,867 (271,169) 49,518
Income tax expense (benefit) (50,763) 6,744 (53,081) 12,380
Equity in net earnings from investment in subsidiaries, net of taxes 0 0 0 0
Net income (loss) (207,789) 21,123 (218,088) 37,138
Less: net income attributable to non-controlling interest (903) 2,224 811 4,586
Net income (loss) attributable to Unit Corporation (206,886) 18,899 (218,899) 32,552
Consolidating Adjustments [Member]        
Condensed Financial Statements, Captions [Line Items]        
Revenues (9,817) (32,459) (53,001) (82,974)
Expenses:        
Operating costs (9,904) (31,273) (51,374) (80,540)
Depreciation, depletion, and amortization 0 0 0 0
Impairments 0   0  
General and administrative 0 0 0 0
(Gain) loss on disposition of assets 0 0 0 0
Total operating costs (9,904) (31,273) (51,374) (80,540)
Income (loss) from operations 87 (1,186) (1,627) (2,434)
Interest, net 0 0 0 0
Gain (loss) on derivatives 0 0 0 0
Other, net 0 0 0 0
Income (loss) before income taxes 87 (1,186) (1,627) (2,434)
Income tax expense (benefit) 0 0 0 0
Equity in net earnings from investment in subsidiaries, net of taxes 202,090 (29,077) 198,945 (74,360)
Net income (loss) 202,177 (30,263) 197,318 (76,794)
Less: net income attributable to non-controlling interest 0 0 0 0
Net income (loss) attributable to Unit Corporation 202,177 (30,263) 197,318 (76,794)
Parent [Member]        
Condensed Financial Statements, Captions [Line Items]        
Revenues 0 0 0 0
Expenses:        
Operating costs 0 0 0 0
Depreciation, depletion, and amortization 1,935 1,923 5,804 5,759
Impairments 0   0  
General and administrative 0 0 0 0
(Gain) loss on disposition of assets (1) 0 (11) (30)
Total operating costs 1,934 1,923 5,793 5,729
Income (loss) from operations (1,934) (1,923) (5,793) (5,729)
Interest, net (9,086) (7,564) (25,938) (24,844)
Gain (loss) on derivatives 4,237 (4,385) 5,232 (25,608)
Other, net 5 6 16 17
Income (loss) before income taxes (6,778) (13,866) (26,483) (56,164)
Income tax expense (benefit) (1,982) (3,688) (6,529) (14,356)
Equity in net earnings from investment in subsidiaries, net of taxes (202,090) 29,077 (198,945) 74,360
Net income (loss) (206,886) 18,899 (218,899) 32,552
Less: net income attributable to non-controlling interest 0 0 0 0
Net income (loss) attributable to Unit Corporation (206,886) 18,899 (218,899) 32,552
Combined Guarantor Subsidiaries [Member]        
Condensed Financial Statements, Captions [Line Items]        
Revenues 116,671 169,635 389,553 478,529
Expenses:        
Operating costs 66,534 71,646 211,836 215,355
Depreciation, depletion, and amortization 56,432 50,349 157,153 139,724
Impairments 232,615   232,615  
General and administrative 10,094 9,252 29,899 26,136
(Gain) loss on disposition of assets 260 (237) 1,571 (450)
Total operating costs 365,935 131,010 633,074 380,765
Income (loss) from operations (249,264) 38,625 (243,521) 97,764
Interest, net 0 0 0 0
Gain (loss) on derivatives 0 0 0 0
Other, net (627) (1) (627) 0
Income (loss) before income taxes (249,891) 38,624 (244,148) 97,764
Income tax expense (benefit) (48,781) 9,839 (46,552) 25,299
Equity in net earnings from investment in subsidiaries, net of taxes 0 0 0 0
Net income (loss) (201,110) 28,785 (197,596) 72,465
Less: net income attributable to non-controlling interest 0 0 0 0
Net income (loss) attributable to Unit Corporation (201,110) 28,785 (197,596) 72,465
Combined Non-Guarantor Subsidiaries [Member]        
Condensed Financial Statements, Captions [Line Items]        
Revenues 48,585 82,882 173,724 232,938
Expenses:        
Operating costs 36,023 66,932 133,702 185,738
Depreciation, depletion, and amortization 11,847 11,265 35,675 33,493
Impairments 2,265   2,265  
General and administrative 0 26 0 2,616
(Gain) loss on disposition of assets (28) (16) (136) (95)
Total operating costs 50,107 78,207 171,506 221,752
Income (loss) from operations (1,522) 4,675 2,218 11,186
Interest, net (448) (381) (1,129) (834)
Gain (loss) on derivatives 0 0 0 0
Other, net 0 1 0 0
Income (loss) before income taxes (1,970) 4,295 1,089 10,352
Income tax expense (benefit) 0 593 0 1,437
Equity in net earnings from investment in subsidiaries, net of taxes 0 0 0 0
Net income (loss) (1,970) 3,702 1,089 8,915
Less: net income attributable to non-controlling interest (903) 2,224 811 4,586
Net income (loss) attributable to Unit Corporation $ (1,067) $ 1,478 $ 278 $ 4,329