Business Segments (Tables)

12 Months Ended

Dec. 31, 2013

Business Segments - Financial Information

The following tables summarize selected financial information relating to the Company’s business segments (in thousands):

	Years Ended December 31,
	2013			2012			2011
Revenues:
Contract drilling	$	1,684,878		$	1,826,519		$	1,673,629
Pressure pumping		979,166			841,771			845,803
Oil and natural gas		57,257			59,930			50,559
Total segment revenues		2,721,301			2,728,220			2,569,991
Elimination of intercompany revenues(a)		(5,267	)		(4,806	)		(4,048	)
Total revenues	$	2,716,034		$	2,723,414		$	2,565,943
Income from continuing operations before income taxes:
Contract drilling	$	266,262		$	349,393		$	346,083
Pressure pumping		87,244			132,795			193,440
Oil and natural gas		19,948			27,210			23,982
		373,454			509,398			563,505
Corporate and other		(54,647	)		(45,843	)		(42,903	)
Net gain on asset disposals(b)		3,384			33,806			4,999
Interest income		918			554			187
Interest expense		(28,359	)		(22,750	)		(15,652	)
Other		1,691			508			582
Income from continuing operations before income taxes	$	296,441		$	475,673		$	510,718
Identifiable assets:
Contract drilling	$	3,569,588		$	3,538,289		$	3,252,116
Pressure pumping		761,199			784,128			748,643
Oil and natural gas		58,656			54,188			44,990
Corporate and other(c)		297,684			180,306			176,152
Total assets	$	4,687,127		$	4,556,911		$	4,221,901
Depreciation, depletion, amortization and impairment:
Contract drilling	$	438,728		$	390,316		$	344,312
Pressure pumping		129,984			111,062			73,279
Oil and natural gas		24,400			21,417			16,962
Corporate and other		4,357			3,819			2,726
Total depreciation, depletion, amortization and impairment	$	597,469		$	526,614		$	437,279
Capital expenditures:
Contract drilling	$	504,508		$	744,949		$	784,686
Pressure pumping		122,782			194,117			198,061
Oil and natural gas		31,245			29,888			22,884
Corporate and other		3,926			5,034			5,947
Total capital expenditures	$	662,461		$	973,988		$	1,011,578

(a) Includes contract drilling intercompany revenues related to drilling services provided to the oil and natural gas exploration and production segment.

(b) Net gains or losses associated with the disposal of assets relate to corporate strategy decisions of the executive management group. Accordingly, the related gains or losses have been separately presented and excluded from the results of specific segments.

(c) Corporate and other assets primarily include cash on hand and certain deferred tax assets.