Business Segments (Tables)

3 Months Ended

Mar. 31, 2017

Business Segments - Financial Information

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

	Three Months Ended
	March 31,
	2017			2016
Revenues:
Contract drilling	$	159,055		$	168,757
Pressure pumping		141,174			96,313
Other operations (a)		5,618			3,967
Elimination of intercompany revenues (b)		(672	)		(98	)
Total revenues	$	305,175		$	268,939

Loss before income taxes:
Contract drilling	$	(61,706	)	$	(35,096	)
Pressure pumping		(22,891	)		(43,959	)
Other operations		(1,951	)		(3,231	)
Corporate		(18,995	)		(14,318	)
Other operating income, net (c)		12,904			1,345
Interest income		406			110
Interest expense		(8,270	)		(10,800	)
Other		17			16
Loss before income taxes	$	(100,486	)	$	(105,933	)

	March 31,		December 31,
	2017		2016
Identifiable assets:
Contract drilling	$	2,985,997	$	3,032,819
Pressure pumping		680,301		653,630
Other operations		48,569		48,885
Corporate (d)		463,752		36,957
Total assets	$	4,178,619	$	3,772,291

(a)	Other operations includes the Company’s pipe handling components and related technology business, the oil and natural gas working interests and the Middle East/North Africa business.

(b)	Consists of contract drilling intercompany revenues for services provided to the oil and natural gas exploration and production segment. In 2017, intercompany revenues also includes revenues between the pipe handling component manufacturer and the pipe handling component service provider.

(c)

Other operating income includes net gains associated with the disposal of assets related to corporate strategy decisions of the executive management group. Accordingly, the related gains have been excluded from the operating results of specific segments. This caption also includes expenses related to certain legal settlements net of insurance reimbursements.

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