XML 45 R34.htm IDEA: XBRL DOCUMENT v3.22.1
Segment Information (Tables)
12 Months Ended
Dec. 31, 2021
Segment Information [Abstract]  
Schedule Of Segment Reporting Information

 

 For the Period February 3, 2021 through December 31, 2021 (Successor)

 

 

 

 

Well

 

 

Corporate and

 

 

Consolidated

 

 

 

Rentals

 

 

Services

 

 

Other

 

 

Total

 

 Revenues

 

$

268,695

 

 

$

380,059

 

 

$

-

 

 

$

648,754

 

 Cost of revenues (exclusive of depreciation, depletion, amortization and accretion)

 

 

105,373

 

 

 

316,879

 

 

 

-

 

 

 

422,252

 

 Depreciation, depletion, amortization and accretion

 

 

152,250

 

 

 

61,074

 

 

 

6,535

 

 

 

219,859

 

 General and administrative expenses

 

 

24,812

 

 

 

46,780

 

 

 

45,983

 

 

 

117,575

 

 Restructuring expenses

 

 

-

 

 

 

-

 

 

 

22,952

 

 

 

22,952

 

 Other expenses

 

 

3,609

 

 

 

13,117

 

 

 

-

 

 

 

16,726

 

 Income (loss) from operations

 

 

(17,349

)

 

 

(57,791

)

 

 

(75,470

)

 

 

(150,610

)

 Interest income (expense), net

 

 

(7

)

 

 

3,930

 

 

 

(1,592

)

 

 

2,331

 

 Other income (expense)

 

 

1,280

 

 

 

(14,407

)

 

 

5,999

 

 

 

(7,128

)

 Income (loss) from continuing operations before income taxes

 

$

(16,076

)

 

$

(68,268

)

 

$

(71,063

)

 

$

(155,407

)

 

 For the Period January 1, 2021 through February 2, 2021 (Predecessor)

 

 

 

 

Well

 

 

Corporate and

 

 

Consolidated

 

 

 

Rentals

 

 

Services

 

 

Other

 

 

Total

 

Revenues

 

$

18,339

 

 

$

27,589

 

 

$

-

 

 

$

45,928

 

Cost of revenues (exclusive of depreciation, depletion, amortization and accretion)

 

 

7,839

 

 

 

21,934

 

 

 

-

 

 

 

29,773

 

Depreciation, depletion, amortization and accretion

 

 

4,271

 

 

 

3,666

 

 

 

421

 

 

 

8,358

 

General and administrative expenses

 

 

2,027

 

 

 

4,111

 

 

 

4,914

 

 

 

11,052

 

Restructuring expenses

 

 

-

 

 

 

-

 

 

 

1,270

 

 

 

1,270

 

Income (loss) from operations

 

 

4,202

 

 

 

(2,122

)

 

 

(6,605

)

 

 

(4,525

)

Interest income (expense), net

 

 

10

 

 

 

356

 

 

 

(164

)

 

 

202

 

Reorganization items, net

 

 

(2,037

)

 

 

31,816

 

 

 

305,781

 

 

 

335,560

 

Other income (expense)

 

 

(399

)

 

 

(165

)

 

 

(1,541

)

 

 

(2,105

)

Income (loss) from continuing operations before income taxes

 

$

1,776

 

 

$

29,885

 

 

$

297,471

 

 

$

329,132

 

 

 

 For the year ended December 31, 2020 (Predecessor)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Well

 

 

Corporate and

 

 

Consolidated

 

 

 

Rentals

 

 

Services

 

 

Other

 

 

Total

 

Revenues

 

$

297,835

 

 

$

369,414

 

 

$

-

 

 

$

667,249

 

Cost of revenues (exclusive of depreciation, depletion, amortization and accretion)

 

 

109,902

 

 

 

298,229

 

 

 

-

 

 

 

408,131

 

Depreciation, depletion, amortization and accretion

 

 

63,072

 

 

 

48,929

 

 

 

3,770

 

 

 

115,771

 

General and administrative expenses

 

 

52,718

 

 

 

73,200

 

 

 

79,855

 

 

 

205,773

 

Restructuring expenses

 

 

-

 

 

 

-

 

 

 

47,055

 

 

 

47,055

 

Reduction in value of assets

 

 

754

 

 

 

21,038

 

 

 

1,983

 

 

 

23,775

 

Income (loss) from operations

 

 

71,389

 

 

 

(71,982

)

 

 

(132,663

)

 

 

(133,256

)

Interest income (expense), net

 

 

-

 

 

 

4,539

 

 

 

(96,965

)

 

 

(92,426

)

Reorganization expenses

 

 

-

 

 

 

-

 

 

 

(19,520

)

 

 

(19,520

)

Other income

 

 

-

 

 

 

-

 

 

 

(9,229

)

 

 

(9,229

)

Income (loss) from continuing operations before income taxes

 

$

71,389

 

 

$

(67,443

)

 

$

(258,377

)

 

$

(254,431

)

 

 

 For the year ended December 31, 2019 (Predecessor)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Well

 

 

Corporate and

 

 

Consolidated

 

 

 

Rentals

 

 

Services

 

 

Other

 

 

Total

 

 Revenues

 

$

430,442

 

 

$

541,610

 

 

$

-

 

 

$

972,052

 

 Cost of revenues (exclusive of depreciation, depletion, amortization and accretion)

 

 

168,608

 

 

 

389,657

 

 

 

-

 

 

 

558,265

 

 Depreciation, depletion, amortization and accretion

 

 

86,395

 

 

 

55,670

 

 

 

4,726

 

 

 

146,791

 

 General and administrative expenses

 

 

61,829

 

 

 

89,272

 

 

 

93,302

 

 

 

244,403

 

 Reduction in value of assets

 

 

-

 

 

 

9,293

 

 

 

-

 

 

 

9,293

 

 Income (loss) from operations

 

 

113,610

 

 

 

(2,282

)

 

 

(98,028

)

 

 

13,300

 

 Interest income (expense), net

 

 

-

 

 

 

4,172

 

 

 

(102,511

)

 

 

(98,339

)

 Reorganization expenses

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 Other income

 

 

-

 

 

 

-

 

 

 

(2,484

)

 

 

(2,484

)

 Income (loss) from continuing operations before income taxes

 

$

113,610

 

 

$

1,890

 

 

$

(203,023

)

 

$

(87,523

)

Schedule Of Identifiable Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Well

 

 

Corporate

 

 

Consolidated

 

 

 

Rentals

 

 

Services

 

 

and Other

 

 

Total

 

December 31, 2021 (Successor)

 

$

365,358

 

 

$

715,738

 

 

$

118,412

 

 

$

1,199,508

 

December 31, 2020 (Predecessor)

 

 

572,776

 

 

 

554,178

 

 

 

374,125

 

 

 

1,501,079

 

Schedule Of Capital Expenditures, By Segment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Well

 

 

Corporate

 

 

Consolidated

 

 

 

Rentals

 

 

Services

 

 

and Other

 

 

Total

 

For the period from February 3, 2021 through December 31, 2021 (Successor)

 

$

27,335

 

 

$

6,817

 

 

$

-

 

 

$

34,152

 

For the period from January 1, 2021 through February 2, 2021 (Predecessor)

 

 

2,429

 

 

 

606

 

 

 

-

 

 

 

3,035

 

December 31, 2020 (Predecessor)

 

 

24,053

 

 

 

19,609

 

 

 

3,991

 

 

 

47,653

 

December 31, 2019 (Predecessor)

 

 

63,252

 

 

 

28,386

 

 

 

12,084

 

 

 

103,722

 

Schedule Of Revenues By Geographic Segment Long-lived assets consist primarily of property, plant and equipment and are attributed to various countries based on the physical location of the asset at the end of a period.

 

Revenues

 

 

Successor

 

 

 

Predecessor

 

 

 

 

 

 

 

 

 

 

Year ended December 31,

 

 

 

For the Period
February 3, 2021
through
December 31, 2021

 

 

 

For the Period
January 1, 2021
through
February 2, 2021

 

 

2020

 

 

2019

 

United States

 

$

304,623

 

 

 

$

23,863

 

 

$

339,041

 

 

$

585,553

 

Other countries

 

 

344,131

 

 

 

 

22,065

 

 

 

328,208

 

 

 

386,499

 

Total

 

$

648,754

 

 

 

$

45,928

 

 

$

667,249

 

 

$

972,052

 

 

Long-Lived Assets

 

 

Successor

 

 

 

Predecessor

 

 

 

December 31, 2021

 

 

 

December 31, 2020

 

United States

 

$

231,388

 

 

 

$

253,114

 

Other countries

 

 

124,886

 

 

 

 

154,993

 

Total

 

$

356,274

 

 

 

$

408,107