Business Segments (Tables)

12 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

Business Segments - Financial Information

The following tables summarize selected financial information relating to our business segments (in thousands):

	Year Ended December 31,
	2021			2020			2019
Revenues:
Contract drilling	$	667,918		$	670,357		$	1,309,988
Pressure pumping		523,756			336,111			868,694
Directional drilling		111,481			73,356			188,786
Other operations (1)		75,505			57,962			122,885
Elimination of intercompany revenues - Contract drilling (2)		(3,888	)		(1,231	)		(1,638	)
Elimination of intercompany revenues - Other operations (2)		(17,691	)		(12,306	)		(18,030	)
Total revenues	$	1,357,081		$	1,124,249		$	2,470,685
Income (loss) before income taxes:
Contract drilling	$	(423,029	)	$	(543,438	)	$	(151,329	)
Pressure pumping		(118,863	)		(166,666	)		(102,701	)
Directional drilling		(35,301	)		(40,612	)		(52,724	)
Other operations		(9,905	)		(41,685	)		(54,725	)
Corporate		(92,152	)		(94,251	)		(94,414	)
Credit loss expense		1,500			(5,606	)		(5,683	)
Interest income		222			1,254			6,013
Interest expense		(41,978	)		(40,770	)		(75,204	)
Other		(275	)		756			389
Loss before income taxes	$	(719,781	)	$	(931,018	)	$	(530,378	)
Depreciation, depletion, amortization and impairment:
Contract drilling	$	618,879		$	433,771		$	668,007
Pressure pumping		159,305			152,630			233,952
Directional drilling		40,270			36,504			52,223
Other operations		24,865			41,511			42,803
Corporate		5,859			6,494			6,888
Total depreciation, depletion, amortization and impairment	$	849,178		$	670,910		$	1,003,873
Capital expenditures:
Contract drilling	$	109,894		$	105,037		$	194,416
Pressure pumping		34,676			21,678			105,803
Directional drilling		8,591			4,681			15,549
Other operations		11,638			12,378			27,132
Corporate		1,521			1,707			4,612
Total capital expenditures	$	166,320		$	145,481		$	347,512
Identifiable assets:
Contract drilling	$	2,169,501		$	2,315,318		$	3,190,463
Pressure pumping		458,202			486,702			695,570
Directional drilling		87,285			107,807			164,273
Other operations		85,932			88,676			128,290
Corporate (3)		156,928			300,566			261,019
Total assets	$	2,957,848		$	3,299,069		$	4,439,615

(1)Other operations includes our oilfield rentals business, drilling equipment service business, the electrical controls and automation business and the oil and natural gas working interests.

(2)Intercompany revenues consist of revenues from contract drilling for services provided to our other operations, and revenues from other operations for services provided to contract drilling, pressure pumping and within other operations. These revenues are generally based on estimated external selling prices and are eliminated during consolidation.

(3)Corporate assets primarily include cash on hand and certain property and equipment.