$DODRW

2022 Q4 Form 10-Q Financial Statement

#000095017022023085 Filed on November 08, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2021 Q3
Revenue $223.3M $226.1M $213.9M
YoY Change -1.77% 5.7% 54.7%
Cost Of Revenue $193.4M $191.3M $165.3M
YoY Change 6.68% 15.78% 18.46%
Gross Profit $29.87M $34.74M $48.62M
YoY Change -35.05% -28.55% -4151.92%
Gross Profit Margin 13.38% 15.37% 22.73%
Selling, General & Admin $17.39M $16.32M $20.98M
YoY Change 6.69% -22.2% 63.88%
% of Gross Profit 58.22% 46.98% 43.14%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $24.76M $26.07M $25.15M
YoY Change 0.59% 3.65% -66.6%
% of Gross Profit 82.9% 75.04% 51.72%
Operating Expenses $42.16M $42.39M $46.13M
YoY Change 3.02% -8.1% -47.64%
Operating Profit -$12.28M -$7.575M $2.497M
YoY Change -342.19% -403.36% -102.8%
Interest Expense -$14.36M $10.36M -$8.602M
YoY Change 35.99% -220.48% -8877.55%
% of Operating Profit -344.49%
Other Income/Expense, Net -$220.0K $172.0K -$14.00K
YoY Change -466.67% -1328.57% -113.08%
Pretax Income -$26.77M -$17.52M -$7.268M
YoY Change -80.66% 141.04% -92.62%
Income Tax $25.66M -$23.03M -$2.086M
% Of Pretax Income
Net Earnings -$52.44M $5.510M -$5.182M
YoY Change -58.01% -206.33% -94.74%
Net Earnings / Revenue -23.49% 2.44% -2.42%
Basic Earnings Per Share $0.05 -$0.05
Diluted Earnings Per Share -$0.52 $0.05 -$51.78K
COMMON SHARES
Basic Shares Outstanding 101.5M 101.4M 100.1M
Diluted Shares Outstanding 102.3M 100.1M

Balance Sheet

Concept 2022 Q4 2022 Q3 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $63.04M $22.65M $27.30M
YoY Change 64.22% -17.02% -93.54%
Cash & Equivalents $63.04M $22.65M $51.56M
Short-Term Investments
Other Short-Term Assets $4.307M $5.756M $5.648M
YoY Change -42.54% 1.91% 27.38%
Inventory
Prepaid Expenses
Receivables $172.1M $179.9M $170.0M
Other Receivables $21.65M $17.90M $18.27M
Total Short-Term Assets $318.1M $300.7M $284.7M
YoY Change 17.16% 5.64% -56.36%
LONG-TERM ASSETS
Property, Plant & Equipment $1.142B $1.143B $1.371B
YoY Change -2.89% -16.59% -67.7%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $67.97M $79.71M $36.41M
YoY Change -19.13% 118.91% -82.37%
Total Long-Term Assets $1.210B $1.223B $1.407B
YoY Change -3.97% -13.08% -68.38%
TOTAL ASSETS
Total Short-Term Assets $318.1M $300.7M $284.7M
Total Long-Term Assets $1.210B $1.223B $1.407B
Total Assets $1.528B $1.524B $1.692B
YoY Change -0.23% -9.93% -66.84%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $47.65M $39.52M $35.73M
YoY Change 23.24% 10.63% 11.64%
Accrued Expenses $166.8M $150.2M $134.2M
YoY Change 16.04% 11.9% 5.23%
Deferred Revenue $11.51M $25.83M $38.56M
YoY Change -70.1% -33.01% -15.04%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $16.97M $16.68M $15.60M
YoY Change 6.93% 6.94%
Total Short-Term Liabilities $261.7M $231.5M $214.8M
YoY Change 12.42% 7.78% 14.29%
LONG-TERM LIABILITIES
Long-Term Debt $360.6M $335.5M $306.1M
YoY Change 35.46% 9.6%
Other Long-Term Liabilities $93.89M $88.91M $128.1M
YoY Change -18.18% -30.61% -95.34%
Total Long-Term Liabilities $454.5M $424.4M $306.1M
YoY Change 19.3% 38.64% -88.87%
TOTAL LIABILITIES
Total Short-Term Liabilities $261.7M $231.5M $214.8M
Total Long-Term Liabilities $454.5M $424.4M $306.1M
Total Liabilities $848.3M $793.5M $803.9M
YoY Change 11.07% -1.29% -72.93%
SHAREHOLDERS EQUITY
Retained Earnings -$280.6M -$228.1M
YoY Change 58.2%
Common Stock $964.5M $961.5M
YoY Change 2.06%
Preferred Stock
YoY Change
Treasury Stock (at cost) $4.252M $3.214M
YoY Change
Treasury Stock Shares
Shareholders Equity $679.7M $730.2M $887.8M
YoY Change
Total Liabilities & Shareholders Equity $1.528B $1.524B $1.692B
YoY Change -0.23% -9.93% -66.84%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2021 Q3
OPERATING ACTIVITIES
Net Income -$52.44M $5.510M -$5.182M
YoY Change -58.01% -206.33% -94.74%
Depreciation, Depletion And Amortization $24.76M $26.07M $25.15M
YoY Change 0.59% 3.65% -66.6%
Cash From Operating Activities $30.79M -$11.13M $25.07M
YoY Change -48.57% -144.38% -199.08%
INVESTING ACTIVITIES
Capital Expenditures $17.37M -$10.30M -$13.87M
YoY Change -449.71% -25.75% -131.38%
Acquisitions
YoY Change
Other Investing Activities $1.768M $73.00K $767.0K
YoY Change 1801.08% -90.48% -88.2%
Cash From Investing Activities -$15.60M -$10.23M -$13.10M
YoY Change 220.11% -21.96% -65.24%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 20.90M 24.97M -13.77M
YoY Change -147.68% -281.32%
NET CHANGE
Cash From Operating Activities 30.79M -11.13M 25.07M
Cash From Investing Activities -15.60M -10.23M -13.10M
Cash From Financing Activities 20.90M 24.97M -13.77M
Net Change In Cash 36.09M 3.618M -1.808M
YoY Change 223.2% -300.11% -97.13%
FREE CASH FLOW
Cash From Operating Activities $30.79M -$11.13M $25.07M
Capital Expenditures $17.37M -$10.30M -$13.87M
Free Cash Flow $13.42M -$825.0K $38.94M
YoY Change -79.3% -102.12% -156.03%

Facts In Submission

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WeightedAverageNumberOfDilutedSharesOutstanding
100356000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
100068000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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100068000
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WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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138054000
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StockIssuedDuringPeriodValueShareBasedCompensation
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CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
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CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
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us-gaap Net Income Loss
NetIncomeLoss
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StockIssuedDuringPeriodValueShareBasedCompensation
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CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
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CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
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CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
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CY2021Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
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CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
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CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
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us-gaap Net Income Loss
NetIncomeLoss
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ck0000949039 Cancellation Of Predecessor Equity Value
CancellationOfPredecessorEquityValue
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CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
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CY2021Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
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CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
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us-gaap Net Income Loss
NetIncomeLoss
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StockIssuedDuringPeriodValueShareBasedCompensation
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CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
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ProfitLoss
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us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
ProfitLoss
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CostOfGoodsAndServicesSoldDepreciation
78714000
us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
43885000
us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
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us-gaap Asset Impairment Charges
AssetImpairmentCharges
197027000
ck0000949039 Non Cash Reorganization Items Net
NonCashReorganizationItemsNet
1587392000
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
4802000
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
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us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
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DeferredIncomeTaxExpenseBenefit
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DeferredIncomeTaxExpenseBenefit
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us-gaap Share Based Compensation
ShareBasedCompensation
16471000
us-gaap Share Based Compensation
ShareBasedCompensation
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us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
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us-gaap Increase Decrease In Contract With Customer Liability
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IncreaseDecreaseInContractWithCustomerAsset
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us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
742000
us-gaap Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
4193000
us-gaap Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
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us-gaap Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
12034000
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IncreaseDecreaseInCollateralDeposits
17479000
ck0000949039 Increase Decrease In Collateral Deposits
IncreaseDecreaseInCollateralDeposits
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us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
115429000
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
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us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
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us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
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us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
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us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
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us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
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us-gaap Other Operating Activities Cash Flow Statement
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OtherOperatingActivitiesCashFlowStatement
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us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
33575000
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
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us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
979000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-54447000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
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us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
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us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
8759000
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
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NetCashProvidedByUsedInOperatingActivities
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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NetCashProvidedByUsedInOperatingActivities
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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
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ProceedsFromSaleOfPropertyPlantAndEquipment
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us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Net Cash Provided By Used In Investing Activities
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ck0000949039 Borrowings On Exit Facilities
BorrowingsOnExitFacilities
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ck0000949039 Borrowings On Exit Facilities
BorrowingsOnExitFacilities
50000000
ck0000949039 Borrowings On Exit Facilities
BorrowingsOnExitFacilities
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ck0000949039 Repayment Of Borrowings On Exit Facilities
RepaymentOfBorrowingsOnExitFacilities
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us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
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us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
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us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
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us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
57235000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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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:&quot;Times New Roman&quot;, serif;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:&quot;Times New Roman&quot;, serif;min-width:fit-content;">The preparation of financial statements in conformity with 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>
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
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AccountsReceivableGrossCurrent
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AccountsReceivableGrossCurrent
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ContractWithCustomerAssetNetCurrent
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ContractWithCustomerLiabilityCurrent
38506000
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ContractWithCustomerLiabilityNoncurrent
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ContractWithCustomerAssetNet
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ck0000949039 Contract With Customer Asset Increase Due To Revenue Recognized During Period
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us-gaap Contract With Customer Asset Reclassified To Receivable
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ContractWithCustomerAssetNet
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RevenueRemainingPerformanceObligation
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AccountsReceivableGrossCurrent
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AccountsReceivableGrossCurrent
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IncomeTaxesReceivable
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IncomeTaxesReceivable
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ValueAddedTaxReceivableCurrent
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ValueAddedTaxReceivableCurrent
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OtherReceivablesGrossCurrent
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OtherReceivablesGrossCurrent
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ReceivablesGrossCurrent
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ReceivablesGrossCurrent
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AccountsReceivableNetCurrent
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AccountsReceivableNetCurrent
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PrepaidTaxes
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PrepaidTaxes
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DeferredCostsCurrent
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DeferredCostsCurrent
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RigSparePartsAndSupplies
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RigSparePartsAndSupplies
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OtherAssetsCurrent
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CY2022Q3 us-gaap Prepaid Expense And Other Assets Current
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CY2021Q4 us-gaap Prepaid Expense And Other Assets Current
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CY2022Q3 ck0000949039 Accrued Rig Operating Costs
AccruedRigOperatingCosts
39479000
CY2021Q4 ck0000949039 Accrued Rig Operating Costs
AccruedRigOperatingCosts
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CY2022Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
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CY2021Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
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ContractWithCustomerLiabilityCurrent
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OperatingLeaseLiabilityCurrent
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CY2021Q4 us-gaap Operating Lease Liability Current
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InterestPayableCurrent
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CY2021Q4 us-gaap Interest Payable Current
InterestPayableCurrent
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CY2022Q3 ck0000949039 Accrued Shorebase And Administrative Costs Current
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us-gaap Capital Expenditures Incurred But Not Yet Paid
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us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
18617000
ck0000949039 Accrued But Unpaid Debt Issuance Costs And Arrangement Fees
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ck0000949039 Accrued But Unpaid Debt Issuance Costs And Arrangement Fees
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us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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us-gaap Interest Paid Net
InterestPaidNet
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us-gaap Interest Paid Net
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us-gaap Interest Paid Net
InterestPaidNet
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ck0000949039 Cash Paid For Reorganization Items Net
CashPaidForReorganizationItemsNet
35398000
ck0000949039 Cash Paid For Reorganization Items Net
CashPaidForReorganizationItemsNet
37566000
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8300000
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7500000
CY2022Q3 ck0000949039 Past Due Accounts Receivables Older Than90 Days Past Due
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100000
CY2022Q3 ck0000949039 Past Due Accounts Receivables Remaining Past Due
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800000
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5600000
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AllowanceForDoubtfulAccountsReceivableCurrent
5600000
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5510000
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NetIncomeLoss
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100875000
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
100075000
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CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
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CY2022Q3 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
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CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
1175895000
CY2022Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
335540000
CY2022Q3 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
13900000
CY2021Q4 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
13700000
ck0000949039 Range Of Deductible For Liability Coverage For Personal Injury Claims Upper Limit
RangeOfDeductibleForLiabilityCoverageForPersonalInjuryClaimsUpperLimit
100000000.0
CY2022Q3 us-gaap Purchase Obligation
PurchaseObligation
0
CY2022Q3 ck0000949039 Corporate Alternative Minimum Tax
CorporateAlternativeMinimumTax
0.15
CY2022Q3 ck0000949039 Excise Tax On Corporate Stock Repurchases
ExciseTaxOnCorporateStockRepurchases
0.01
CY2022Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1398
CY2021Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
102273000
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
100075000
us-gaap Net Income Loss
NetIncomeLoss
-50773000
us-gaap Net Income Loss
NetIncomeLoss
-52475000
us-gaap Net Income Loss
NetIncomeLoss
-1961989000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
100356000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
100068000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
138054000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
100356000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
100068000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
138054000
CY2022Q3 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
7530233
CY2022Q3 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
29.22
CY2022Q3 us-gaap Warrants And Rights Outstanding Maturity Date
WarrantsAndRightsOutstandingMaturityDate
2026-04-23
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
3768207
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
2222116
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
CY2022Q3 ck0000949039 Number Of Countries With Rigs
NumberOfCountriesWithRigs
4
CY2022Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
226073000
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
618014000
CY2021Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
213877000
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
328788000
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
169379000

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