$DODRW

2022 Q1 Form 10-Q Financial Statement

#000095017022008866 Filed on May 10, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $186.2M $134.8M
YoY Change 38.14% -41.17%
Cost Of Revenue $180.5M $153.4M
YoY Change 17.67% -21.57%
Gross Profit $5.724M -$18.59M
YoY Change -130.79% -155.5%
Gross Profit Margin 3.07% -13.79%
Selling, General & Admin $16.73M $12.37M
YoY Change 35.31% -24.13%
% of Gross Profit 292.31%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $26.95M $74.63M
YoY Change -63.88% -19.76%
% of Gross Profit 470.86%
Operating Expenses $43.68M $86.99M
YoY Change -49.78% -20.48%
Operating Profit -$33.92M -$297.2M
YoY Change -88.59% -64.89%
Interest Expense $8.325M $32.56M
YoY Change -74.43% 0.75%
% of Operating Profit
Other Income/Expense, Net $1.362M $489.0K
YoY Change 178.53% 51.39%
Pretax Income -$43.01M -$363.9M
YoY Change -88.18% -58.55%
Income Tax -$8.653M -$2.200M
% Of Pretax Income
Net Earnings -$34.35M -$361.7M
YoY Change -90.5% -58.04%
Net Earnings / Revenue -18.45% -268.28%
Basic Earnings Per Share -$0.34
Diluted Earnings Per Share -$343.3K -$2.620M
COMMON SHARES
Basic Shares Outstanding 100.1M
Diluted Shares Outstanding 100.1M

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $53.77M $311.4M
YoY Change -82.73% -37.62%
Cash & Equivalents $53.77M $345.7M
Short-Term Investments
Other Short-Term Assets $5.998M $6.763M
YoY Change -11.31% 25.54%
Inventory
Prepaid Expenses
Receivables $119.4M $145.7M
Other Receivables $17.09M $20.18M
Total Short-Term Assets $254.7M $582.0M
YoY Change -56.24% -31.05%
LONG-TERM ASSETS
Property, Plant & Equipment $1.175B $3.900B
YoY Change -69.87% -9.92%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $82.71M $197.0M
YoY Change -58.03% -3.54%
Total Long-Term Assets $1.258B $4.097B
YoY Change -69.3% -9.63%
TOTAL ASSETS
Total Short-Term Assets $254.7M $582.0M
Total Long-Term Assets $1.258B $4.097B
Total Assets $1.513B $4.679B
YoY Change -67.67% -12.99%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $46.37M $69.28M
YoY Change -33.07% 16.31%
Accrued Expenses $137.5M $236.6M
YoY Change -41.89% 20.72%
Deferred Revenue $27.68M $57.19M
YoY Change -51.59% 141.67%
Short-Term Debt $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $16.13M $442.0M
YoY Change -96.35% -81.68%
Total Short-Term Liabilities $234.0M $776.4M
YoY Change -69.87% -71.08%
LONG-TERM LIABILITIES
Long-Term Debt $286.3M $0.00
YoY Change
Other Long-Term Liabilities $107.9M $2.259B
YoY Change -95.23% 693.4%
Total Long-Term Liabilities $394.2M $2.259B
YoY Change -82.55% 693.4%
TOTAL LIABILITIES
Total Short-Term Liabilities $234.0M $776.4M
Total Long-Term Liabilities $394.2M $2.259B
Total Liabilities $774.9M $3.059B
YoY Change -74.66% 1.72%
SHAREHOLDERS EQUITY
Retained Earnings -$211.7M -$204.4M
YoY Change 3.58% -137.14%
Common Stock $949.5M $2.031B
YoY Change -53.26% 0.2%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $737.8M $1.621B
YoY Change
Total Liabilities & Shareholders Equity $1.513B $4.679B
YoY Change -67.67% -12.99%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income -$34.35M -$361.7M
YoY Change -90.5% -58.04%
Depreciation, Depletion And Amortization $26.95M $74.63M
YoY Change -63.88% -19.76%
Cash From Operating Activities $9.058M -$49.21M
YoY Change -118.41% 115.44%
INVESTING ACTIVITIES
Capital Expenditures $20.05M $40.62M
YoY Change -50.65% -45.74%
Acquisitions
YoY Change
Other Investing Activities $5.045M $7.400M
YoY Change -31.82% 64.44%
Cash From Investing Activities -$15.00M -$33.22M
YoY Change -54.84% -52.75%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 16.19M -2.290M
YoY Change -806.86% -100.53%
NET CHANGE
Cash From Operating Activities 9.058M -49.21M
Cash From Investing Activities -15.00M -33.22M
Cash From Financing Activities 16.19M -2.290M
Net Change In Cash 10.24M -84.72M
YoY Change -112.09% -124.71%
FREE CASH FLOW
Cash From Operating Activities $9.058M -$49.21M
Capital Expenditures $20.05M $40.62M
Free Cash Flow -$10.99M -$89.83M
YoY Change -87.77% -8.05%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2022Q1 dei Entity Central Index Key
EntityCentralIndexKey
0000949039
CY2022Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2022Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2022Q1 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P1Y
CY2022Q1 dei Amendment Flag
AmendmentFlag
false
CY2022Q1 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P9M
CY2021Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2022Q1 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P1Y
CY2022Q1 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2022Q1 dei Document Type
DocumentType
10-Q
CY2022Q1 dei Document Quarterly Report
DocumentQuarterlyReport
true
CY2022Q1 dei Document Period End Date
DocumentPeriodEndDate
2022-03-31
CY2022Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2022
CY2022Q1 dei Document Transition Report
DocumentTransitionReport
false
CY2022Q1 dei Entity File Number
EntityFileNumber
1-13926
CY2022Q1 dei Entity Registrant Name
EntityRegistrantName
DIAMOND OFFSHORE DRILLING, INC.
CY2022Q1 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
CY2022Q1 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
76-0321760
CY2022Q1 dei Local Phone Number
LocalPhoneNumber
492-5300
CY2022Q1 dei Security Exchange Name
SecurityExchangeName
NYSE
CY2022Q1 dei Security12b Title
Security12bTitle
Common Stock, $0.0001 par value per share
CY2022Q1 dei Trading Symbol
TradingSymbol
DO
CY2022Q1 dei Entity Address Address Line1
EntityAddressAddressLine1
15415 Katy Freeway
CY2022Q1 dei Entity Address City Or Town
EntityAddressCityOrTown
Houston
CY2022Q1 dei Entity Address State Or Province
EntityAddressStateOrProvince
TX
CY2022Q1 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
77094
CY2022Q1 dei City Area Code
CityAreaCode
281
CY2022Q1 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2022Q1 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2022Q1 dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
CY2022Q1 dei Entity Small Business
EntitySmallBusiness
false
CY2022Q1 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2022Q1 dei Entity Shell Company
EntityShellCompany
false
CY2022Q1 dei Entity Bankruptcy Proceedings Reporting Current
EntityBankruptcyProceedingsReportingCurrent
true
CY2022Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
100074948
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
53771000
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
38388000
CY2022Q1 us-gaap Restricted Cash
RestrictedCash
19202000
CY2021Q4 us-gaap Restricted Cash
RestrictedCash
24341000
CY2022Q1 ck0000949039 Receivables Gross Current
ReceivablesGrossCurrent
124998000
CY2021Q4 ck0000949039 Receivables Gross Current
ReceivablesGrossCurrent
151917000
CY2022Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
5572000
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
5582000
CY2022Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
119426000
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
146335000
CY2022Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
62275000
CY2021Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
61440000
CY2022Q1 us-gaap Assets Held For Sale Not Part Of Disposal Group Current
AssetsHeldForSaleNotPartOfDisposalGroupCurrent
0
CY2021Q4 us-gaap Assets Held For Sale Not Part Of Disposal Group Current
AssetsHeldForSaleNotPartOfDisposalGroupCurrent
1000000
CY2022Q1 us-gaap Assets Current
AssetsCurrent
254674000
CY2021Q4 us-gaap Assets Current
AssetsCurrent
271504000
CY2022Q1 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
1175357000
CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
1175895000
CY2022Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
82705000
CY2021Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
84041000
CY2022Q1 us-gaap Assets
Assets
1512736000
CY2021Q4 us-gaap Assets
Assets
1531440000
CY2022Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
46365000
CY2021Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
38661000
CY2022Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
137513000
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
143736000
CY2022Q1 us-gaap Taxes Payable Current
TaxesPayableCurrent
33942000
CY2021Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
34500000
CY2022Q1 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
16130000
CY2021Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
15865000
CY2022Q1 us-gaap Liabilities Current
LiabilitiesCurrent
233950000
CY2021Q4 us-gaap Liabilities Current
LiabilitiesCurrent
232762000
CY2022Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
286338000
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
266241000
CY2022Q1 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
144280000
CY2021Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
148358000
CY2022Q1 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
2462000
CY2021Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
1626000
CY2022Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
107883000
CY2021Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
114748000
CY2022Q1 us-gaap Liabilities
Liabilities
774913000
CY2021Q4 us-gaap Liabilities
Liabilities
763735000
CY2022Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2021Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2022Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000
CY2021Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000
CY2022Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2021Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2022Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2021Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2022Q1 us-gaap Preferred Stock Value
PreferredStockValue
0
CY2021Q4 us-gaap Preferred Stock Value
PreferredStockValue
0
CY2022Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2022Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
750000000
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
750000000
CY2022Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
100075000
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
100075000
CY2022Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
100075000
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
100075000
CY2022Q1 us-gaap Common Stock Value
CommonStockValue
10000
CY2021Q4 us-gaap Common Stock Value
CommonStockValue
10000
CY2022Q1 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
949511000
CY2021Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
945039000
CY2022Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-211698000
CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-177344000
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
737823000
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
767705000
CY2022Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1512736000
CY2021Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1531440000
CY2022Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
186239000
CY2021Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
134817000
CY2022Q1 us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
26952000
CY2021Q1 us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
74626000
CY2022Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
16732000
CY2021Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
12366000
CY2022Q1 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0
CY2021Q1 us-gaap Asset Impairment Charges
AssetImpairmentCharges
197027000
CY2022Q1 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
4044000
CY2021Q1 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
5401000
CY2022Q1 us-gaap Costs And Expenses
CostsAndExpenses
220155000
CY2021Q1 us-gaap Costs And Expenses
CostsAndExpenses
432028000
CY2022Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-33916000
CY2021Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-297211000
CY2022Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
1000
CY2021Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
30000
CY2021Q1 us-gaap Contractual Interest Expense On Prepetition Liabilities Not Recognized In Statement Of Operations
ContractualInterestExpenseOnPrepetitionLiabilitiesNotRecognizedInStatementOfOperations
28266000
CY2022Q1 us-gaap Interest Expense
InterestExpense
8325000
CY2021Q1 us-gaap Interest Expense
InterestExpense
32562000
CY2022Q1 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-2129000
CY2021Q1 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
625000
CY2022Q1 us-gaap Reorganization Items
ReorganizationItems
0
CY2021Q1 us-gaap Reorganization Items
ReorganizationItems
35252000
CY2022Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1362000
CY2021Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
489000
CY2022Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-43007000
CY2021Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-363881000
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-8653000
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-2200000
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-34354000
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
-361681000
CY2022Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.34
CY2021Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-2.62
CY2022Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
100075
CY2021Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
138054
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
767705000
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-34354000
CY2022Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
4472000
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
737823000
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
1982566000
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
-361681000
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
1620885000
CY2022Q1 us-gaap Profit Loss
ProfitLoss
-34354000
CY2021Q1 us-gaap Profit Loss
ProfitLoss
-361681000
CY2022Q1 us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
26952000
CY2021Q1 us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
74626000
CY2021Q1 us-gaap Asset Impairment Charges
AssetImpairmentCharges
197027000
CY2022Q1 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
4044000
CY2021Q1 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
5401000
CY2022Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-5217000
CY2021Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-5565000
CY2022Q1 us-gaap Share Based Compensation
ShareBasedCompensation
4531000
CY2022Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-13411000
CY2021Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
6974000
CY2022Q1 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
334000
CY2021Q1 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
326000
CY2022Q1 us-gaap Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
-1850000
CY2021Q1 us-gaap Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
9176000
CY2022Q1 ck0000949039 Increase Decrease In Collateral Deposits
IncreaseDecreaseInCollateralDeposits
-1482000
CY2022Q1 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
302000
CY2021Q1 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-1279000
CY2022Q1 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
2992000
CY2021Q1 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-110000
CY2022Q1 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
418000
CY2021Q1 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
282000
CY2022Q1 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-26909000
CY2021Q1 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
14993000
CY2022Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-1378000
CY2021Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1340000
CY2022Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
11129000
CY2021Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
68274000
CY2022Q1 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-7957000
CY2021Q1 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
922000
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
9058000
CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-49208000
CY2022Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
20046000
CY2021Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
40617000
CY2022Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
5045000
CY2021Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
7400000
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-15001000
CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-33217000
CY2022Q1 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
20000000
CY2022Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
3813000
CY2021Q1 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
2290000
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
16187000
CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2290000
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
10244000
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-84715000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
62729000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
430380000
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
72973000
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
345665000
CY2022Q1 us-gaap Use Of Estimates
UseOfEstimates
<p style="text-indent:0.0%;font-size:10.0pt;margin-top:18.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Use of Estimates in the Preparation of Financial Statements</span></p><p style="text-indent:3.333%;font-size:10.0pt;margin-top:6.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">The preparation of financial statements in conformity with generally accepted accounting principles (or GAAP) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimated.</span></p>
CY2022Q1 us-gaap Restricted Cash Nature Of Restriction Description
RestrictedCashNatureOfRestrictionDescription
We maintain a restricted cash bank account which is subject to restrictions pursuant to a management and marketing services agreement with an offshore drilling company.
CY2021Q2 ck0000949039 Number Of Rigs Managed
NumberOfRigsManaged
3
CY2022Q1 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
107824000
CY2021Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
130021000
CY2022Q1 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
2169000
CY2021Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
1835000
CY2022Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
27682000
CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
38506000
CY2022Q1 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
7202000
CY2021Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
9787000
CY2021Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
1835000
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
48293000
CY2021Q4 ck0000949039 Contract With Customer Asset Liability Net
ContractWithCustomerAssetLiabilityNet
-46458000
CY2022Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
-6086000
CY2022Q1 ck0000949039 Contract With Customer Liability Increase Due To Cash Received
ContractWithCustomerLiabilityIncreaseDueToCashReceived
7138000
CY2022Q1 ck0000949039 Contract With Customer Asset Increase Due To Revenue Recognized During Period
ContractWithCustomerAssetIncreaseDueToRevenueRecognizedDuringPeriod
519000
CY2022Q1 ck0000949039 Contract With Customer Asset Liability Net
ContractWithCustomerAssetLiabilityNet
-32715000
CY2022Q1 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
2169000
CY2022Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
34884000
CY2022Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
25735000
CY2022Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
9318000
CY2022Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
369000000
CY2022Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
35422000
CY2022Q1 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
107824000
CY2021Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
130021000
CY2022Q1 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
9288000
CY2021Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
9278000
CY2022Q1 us-gaap Value Added Tax Receivable Current
ValueAddedTaxReceivableCurrent
5362000
CY2021Q4 us-gaap Value Added Tax Receivable Current
ValueAddedTaxReceivableCurrent
9729000
CY2022Q1 us-gaap Due From Related Parties Current
DueFromRelatedPartiesCurrent
81000
CY2021Q4 us-gaap Due From Related Parties Current
DueFromRelatedPartiesCurrent
66000
CY2022Q1 us-gaap Other Receivables Gross Current
OtherReceivablesGrossCurrent
2443000
CY2021Q4 us-gaap Other Receivables Gross Current
OtherReceivablesGrossCurrent
2823000
CY2022Q1 ck0000949039 Receivables Gross Current
ReceivablesGrossCurrent
124998000
CY2021Q4 ck0000949039 Receivables Gross Current
ReceivablesGrossCurrent
151917000
CY2022Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
5572000
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
5582000
CY2022Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
119426000
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
146335000
CY2022Q1 us-gaap Security Deposit
SecurityDeposit
18961000
CY2021Q4 us-gaap Security Deposit
SecurityDeposit
17480000
CY2022Q1 us-gaap Prepaid Taxes
PrepaidTaxes
17339000
CY2021Q4 us-gaap Prepaid Taxes
PrepaidTaxes
16163000
CY2022Q1 us-gaap Deferred Costs Current
DeferredCostsCurrent
6776000
CY2021Q4 us-gaap Deferred Costs Current
DeferredCostsCurrent
7267000
CY2022Q1 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
4511000
CY2021Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
4048000
CY2022Q1 ck0000949039 Rig Spare Parts And Supplies
RigSparePartsAndSupplies
3611000
CY2021Q4 ck0000949039 Rig Spare Parts And Supplies
RigSparePartsAndSupplies
3716000
CY2022Q1 us-gaap Prepaid Insurance
PrepaidInsurance
2180000
CY2021Q4 us-gaap Prepaid Insurance
PrepaidInsurance
3436000
CY2022Q1 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
2169000
CY2021Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
1835000
CY2022Q1 us-gaap Retainage Deposit
RetainageDeposit
730000
CY2021Q4 us-gaap Retainage Deposit
RetainageDeposit
746000
CY2022Q1 us-gaap Other Assets Current
OtherAssetsCurrent
5998000
CY2021Q4 us-gaap Other Assets Current
OtherAssetsCurrent
6749000
CY2022Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
62275000
CY2021Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
61440000
CY2022Q1 ck0000949039 Accrued Rig Operating Costs
AccruedRigOperatingCosts
43536000
CY2021Q4 ck0000949039 Accrued Rig Operating Costs
AccruedRigOperatingCosts
42532000
CY2022Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
29141000
CY2021Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
29268000
CY2022Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
27682000
CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
38506000
CY2022Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
13417000
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
15998000
CY2022Q1 us-gaap Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
6466000
CY2021Q4 us-gaap Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
5598000
CY2022Q1 ck0000949039 Accrued Shorebase And Administrative Costs Current
AccruedShorebaseAndAdministrativeCostsCurrent
6262000
CY2021Q4 ck0000949039 Accrued Shorebase And Administrative Costs Current
AccruedShorebaseAndAdministrativeCostsCurrent
5776000
CY2022Q1 ck0000949039 Accrued Capital Project Or Upgrade Costs
AccruedCapitalProjectOrUpgradeCosts
5555000
CY2021Q4 ck0000949039 Accrued Capital Project Or Upgrade Costs
AccruedCapitalProjectOrUpgradeCosts
2219000
CY2022Q1 us-gaap Interest Payable Current
InterestPayableCurrent
4465000
CY2021Q4 us-gaap Interest Payable Current
InterestPayableCurrent
2986000
CY2022Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
989000
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
853000
CY2022Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
137513000
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
143736000
CY2022Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
5555000
CY2021Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
17255000
CY2021Q1 ck0000949039 Accrued But Unpaid Debt Issuance Costs And Arrangement Fees
AccruedButUnpaidDebtIssuanceCostsAndArrangementFees
10140000
CY2022Q1 us-gaap Interest Paid Net
InterestPaidNet
3258000
CY2021Q1 ck0000949039 Cash Paid For Reorganization Items Net
CashPaidForReorganizationItemsNet
20584000
CY2022Q1 ck0000949039 Accounts Receivable Past Due
AccountsReceivablePastDue
7800000
CY2022Q1 ck0000949039 Past Due Accounts Receivables Included In Allowance For Credit Losses
PastDueAccountsReceivablesIncludedInAllowanceForCreditLosses
7500000
CY2022Q1 ck0000949039 Past Due Accounts Receivables Older Than90 Days Past Due
PastDueAccountsReceivablesOlderThan90DaysPastDue
100000
CY2022Q1 ck0000949039 Past Due Accounts Receivables Remaining Past Due
PastDueAccountsReceivablesRemainingPastDue
300000
CY2022Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
5600000
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
5600000
CY2022Q1 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
1270811000
CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
1244397000
CY2022Q1 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
95454000
CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
68502000
CY2022Q1 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
1175357000
CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
1175895000
CY2022Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
286338000
CY2022Q1 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
15100000
CY2021Q4 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
13700000
CY2022Q1 ck0000949039 Range Of Deductible For Liability Coverage For Personal Injury Claims Upper Limit
RangeOfDeductibleForLiabilityCoverageForPersonalInjuryClaimsUpperLimit
100000000.0
CY2022Q1 us-gaap Purchase Obligation
PurchaseObligation
0
CY2022Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
CY2022Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
186239000
CY2021Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
134817000

Files In Submission

Name View Source Status
0000950170-22-008866-index-headers.html Edgar Link pending
0000950170-22-008866-index.html Edgar Link pending
0000950170-22-008866.txt Edgar Link pending
0000950170-22-008866-xbrl.zip Edgar Link pending
ck0000949039-20220331.htm Edgar Link pending
ck0000949039-20220331.xsd Edgar Link pending
ck0000949039-20220331_cal.xml Edgar Link unprocessable
ck0000949039-20220331_def.xml Edgar Link unprocessable
ck0000949039-20220331_htm.xml Edgar Link completed
ck0000949039-20220331_lab.xml Edgar Link unprocessable
ck0000949039-20220331_pre.xml Edgar Link unprocessable
ck0000949039-ex10_1.htm Edgar Link pending
ck0000949039-ex31_1.htm Edgar Link pending
ck0000949039-ex31_2.htm Edgar Link pending
ck0000949039-ex32_1.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending