$PTEN
PATTERSON UTI ENERGY INC

2021 Q4 Form 10-Q Financial Statement

#000095017021002664 Filed on November 02, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2021 Q2
Revenue $466.5M $357.9M $291.8M
YoY Change 111.27% 72.77% 16.53%
Cost Of Revenue $378.9M $285.1M $235.2M
YoY Change 123.8% 101.75% 42.83%
Gross Profit $87.60M $72.82M $56.54M
YoY Change 70.09% 10.5% -33.95%
Gross Profit Margin 18.78% 20.35% 19.38%
Selling, General & Admin $22.71M $22.06M $23.56M
YoY Change 8.64% -1.31% -1.82%
% of Gross Profit 25.92% 30.3% 41.66%
Research & Development $250.0K $249.0K $248.0K
YoY Change
% of Gross Profit 0.29% 0.34% 0.44%
Depreciation & Amortization $411.2M $141.1M $144.0M
YoY Change 167.53% -10.32% -16.8%
% of Gross Profit 469.42% 193.72% 254.72%
Operating Expenses $434.2M $22.06M $23.56M
YoY Change 147.12% -1.31% -1.82%
Operating Profit -$346.6M -$90.01M -$109.4M
YoY Change 179.06% -21.43% -31.23%
Interest Expense -$10.56M $10.68M $10.70M
YoY Change 46.61% -5.36% -2.55%
% of Operating Profit
Other Income/Expense, Net -$1.115M -$10.63M -$9.872M
YoY Change -1215.0% 0.89% -6.56%
Pretax Income -$372.5M -$100.6M -$119.3M
YoY Change 183.47% -19.55% -29.69%
Income Tax -$8.116M -$17.64M -$15.97M
% Of Pretax Income
Net Earnings -$361.8M -$83.00M -$103.3M
YoY Change 239.66% -25.97% -31.28%
Net Earnings / Revenue -77.56% -23.19% -35.41%
Basic Earnings Per Share -$0.44 -$0.55
Diluted Earnings Per Share -$1.683M -$0.44 -$0.55
COMMON SHARES
Basic Shares Outstanding 215.1M 189.0M 188.4M
Diluted Shares Outstanding 189.0M 188.4M

Balance Sheet

Concept 2021 Q4 2021 Q3 2021 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $117.5M $191.3M $216.7M
YoY Change -47.74% -37.02% -12.2%
Cash & Equivalents $117.5M $191.3M $216.7M
Short-Term Investments
Other Short-Term Assets $67.62M $54.07M $60.93M
YoY Change 22.25% -7.72% -11.82%
Inventory $42.36M $34.92M $33.76M
Prepaid Expenses
Receivables $356.1M $263.2M $196.7M
Other Receivables $67.00K $64.00K $72.00K
Total Short-Term Assets $583.7M $543.5M $508.1M
YoY Change 22.11% 2.15% -1.82%
LONG-TERM ASSETS
Property, Plant & Equipment $2.332B $2.425B $2.512B
YoY Change -15.55% -16.19% -17.2%
Goodwill $0.00 $0.00 $0.00
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $11.06M $11.00M $12.86M
YoY Change -3.19% -27.18% -21.59%
Total Long-Term Assets $2.374B $2.474B $2.565B
YoY Change -15.84% -16.4% -17.45%
TOTAL ASSETS
Total Short-Term Assets $583.7M $543.5M $508.1M
Total Long-Term Assets $2.374B $2.474B $2.565B
Total Assets $2.958B $3.017B $3.073B
YoY Change -10.34% -13.57% -15.21%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $190.2M $165.8M $120.9M
YoY Change 108.98% 122.82% 65.55%
Accrued Expenses $238.5M $167.1M $166.3M
YoY Change 35.82% -7.95% -12.65%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $435.9M $338.8M $293.5M
YoY Change 59.23% 28.64% 7.86%
LONG-TERM LIABILITIES
Long-Term Debt $852.3M $902.1M $901.9M
YoY Change -5.45% -6.75% -6.74%
Other Long-Term Liabilities $12.84M $12.15M $29.61M
YoY Change 16.65% -30.26% -27.61%
Total Long-Term Liabilities $865.2M $914.2M $901.9M
YoY Change -5.19% -7.16% -10.53%
TOTAL LIABILITIES
Total Short-Term Liabilities $435.9M $338.8M $293.5M
Total Long-Term Liabilities $865.2M $914.2M $901.9M
Total Liabilities $1.348B $1.292B $1.266B
YoY Change 5.09% -5.82% -9.34%
SHAREHOLDERS EQUITY
Retained Earnings -$198.3M $167.9M
YoY Change -142.01% -71.18%
Common Stock $3.175B $2.922B
YoY Change 9.28% 0.81%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.373B $1.370B $1.370B
YoY Change 0.46% 0.27% 0.28%
Treasury Stock Shares $84.13M $83.84M $83.83M
Shareholders Equity $1.609B $1.726B $1.808B
YoY Change
Total Liabilities & Shareholders Equity $2.958B $3.017B $3.073B
YoY Change -10.34% -13.57% -15.21%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2021 Q2
OPERATING ACTIVITIES
Net Income -$361.8M -$83.00M -$103.3M
YoY Change 239.66% -25.97% -31.28%
Depreciation, Depletion And Amortization $411.2M $141.1M $144.0M
YoY Change 167.53% -10.32% -16.8%
Cash From Operating Activities $43.90M $7.401M $35.60M
YoY Change -1097.68% -88.44% -75.62%
INVESTING ACTIVITIES
Capital Expenditures -$75.48M $34.26M $38.05M
YoY Change 618.89% 154.9% -23.4%
Acquisitions
YoY Change
Other Investing Activities $14.51M $5.291M $12.32M
YoY Change 418.32% -49.12% 310.73%
Cash From Investing Activities -$60.97M -$28.97M -$25.75M
YoY Change 702.24% 834.61% -44.86%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -57.06M -3.832M -7.245M
YoY Change -14.59% -4.2% 54.15%
NET CHANGE
Cash From Operating Activities 43.90M 7.401M 35.60M
Cash From Investing Activities -60.97M -28.97M -25.75M
Cash From Financing Activities -57.06M -3.832M -7.245M
Net Change In Cash -74.13M -25.40M 2.601M
YoY Change -5.93% -144.65% -97.25%
FREE CASH FLOW
Cash From Operating Activities $43.90M $7.401M $35.60M
Capital Expenditures -$75.48M $34.26M $38.05M
Free Cash Flow $119.4M -$26.86M -$2.453M
YoY Change 1857.07% -153.13% -102.55%

Facts In Submission

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us-gaap Common Stock Dividends Per Share Cash Paid
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CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
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CY2020Q3 us-gaap Net Income Loss
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us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
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CY2020Q3 us-gaap Other Comprehensive Income Loss Tax
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us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
0
us-gaap Other Comprehensive Income Loss Tax
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CY2021Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-232000
CY2020Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
218000
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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441000
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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-473000
CY2021Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2020Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2021Q1 us-gaap Net Income Loss
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CY2021Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
418000
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
5891000
CY2021Q1 us-gaap Common Stock Dividends Per Share Declared
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CY2021Q1 us-gaap Dividends Common Stock Cash
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CY2021Q1 pten Dividend Equivalents
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CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
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CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-103309000
CY2021Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
255000
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
5934000
CY2021Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
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CY2021Q2 us-gaap Dividends Common Stock Cash
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CY2021Q2 pten Dividend Equivalents
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CY2021Q2 us-gaap Treasury Stock Value Acquired Cost Method
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CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
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CY2021Q3 us-gaap Net Income Loss
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-232000
CY2021Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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5048000
CY2021Q3 us-gaap Common Stock Dividends Per Share Declared
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0.02
CY2021Q3 us-gaap Dividends Common Stock Cash
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3780000
CY2021Q3 pten Dividend Equivalents
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58000
CY2021Q3 us-gaap Treasury Stock Value Acquired Cost Method
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CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
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CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
2833620000
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
-434722000
CY2020Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-1386000
CY2020Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
9160000
CY2020Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.04
CY2020Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
7629000
CY2020Q1 pten Dividend Equivalents
DividendEquivalents
125000
CY2020Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
20025000
CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
2378893000
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
-150332000
CY2020Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
695000
CY2020Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
4335000
CY2020Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.02
CY2020Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
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CY2020Q2 pten Dividend Equivalents
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CY2020Q2 us-gaap Treasury Stock Value Acquired Cost Method
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910000
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
2228873000
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
-112111000
CY2020Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
218000
CY2020Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
6592000
CY2020Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.02
CY2020Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
3746000
CY2020Q3 pten Dividend Equivalents
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CY2020Q3 us-gaap Treasury Stock Value Acquired Cost Method
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194000
CY2020Q3 us-gaap Stockholders Equity
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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pten Depreciation Depletion Amortization And Impairment
DepreciationDepletionAmortizationAndImpairment
437984000
pten Depreciation Depletion Amortization And Impairment
DepreciationDepletionAmortizationAndImpairment
517201000
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
395060000
us-gaap Exploration Abandonment And Impairment Expense
ExplorationAbandonmentAndImpairmentExpense
177000
us-gaap Exploration Abandonment And Impairment Expense
ExplorationAbandonmentAndImpairmentExpense
1256000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-54754000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-100212000
us-gaap Share Based Compensation
ShareBasedCompensation
16873000
us-gaap Share Based Compensation
ShareBasedCompensation
20087000
us-gaap Gain Loss On Sale Of Property Plant Equipment
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5595000
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
3357000
pten Net Gain On Insurance Reimbursement
NetGainOnInsuranceReimbursement
0
pten Net Gain On Insurance Reimbursement
NetGainOnInsuranceReimbursement
4172000
us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
0
us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
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us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
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us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
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pten Non Cash Restructuring Expense
NonCashRestructuringExpense
0
pten Non Cash Restructuring Expense
NonCashRestructuringExpense
24068000
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
620000
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
673000
us-gaap Increase Decrease In Accounts Receivable
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103241000
us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
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4378000
us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
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1285000
us-gaap Increase Decrease In Inventories And Other Operating Assets
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-1486000
us-gaap Increase Decrease In Inventories And Other Operating Assets
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-22250000
us-gaap Increase Decrease In Accounts Payable
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59357000
us-gaap Increase Decrease In Accounts Payable
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-57788000
us-gaap Increase Decrease In Accrued Liabilities
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-8009000
us-gaap Increase Decrease In Accrued Liabilities
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-44607000
us-gaap Increase Decrease In Other Operating Liabilities
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-4958000
us-gaap Increase Decrease In Other Operating Liabilities
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-8840000
us-gaap Net Cash Provided By Used In Operating Activities
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51598000
us-gaap Net Cash Provided By Used In Operating Activities
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283285000
us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Payments To Acquire Property Plant And Equipment
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pten Proceeds From Disposal Of Assets And Insurance Claims
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20558000
pten Proceeds From Disposal Of Assets And Insurance Claims
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us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
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us-gaap Payments To Acquire Other Investments
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121000
us-gaap Net Cash Provided By Used In Investing Activities
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-70624000
us-gaap Net Cash Provided By Used In Investing Activities
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-117372000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
3574000
us-gaap Payments For Repurchase Of Common Stock
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us-gaap Payments Of Dividends
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11303000
us-gaap Payments Of Dividends
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15110000
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-14877000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-36384000
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
272000
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
27000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-33631000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
129556000
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
224915000
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
174185000
CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
191284000
CY2020Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
303741000
us-gaap Interest Paid Capitalized
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us-gaap Interest Paid Capitalized
InterestPaidCapitalized
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us-gaap Interest Paid Net
InterestPaidNet
31031000
us-gaap Interest Paid Net
InterestPaidNet
32605000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
4196000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
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pten Increase Decrease In Payables Related To Purchases Of Property And Equipment
IncreaseDecreaseInPayablesRelatedToPurchasesOfPropertyAndEquipment
14801000
pten Increase Decrease In Payables Related To Purchases Of Property And Equipment
IncreaseDecreaseInPayablesRelatedToPurchasesOfPropertyAndEquipment
-38312000
pten Net Decrease Increase In Deposits On Equipment Purchases
NetDecreaseIncreaseInDepositsOnEquipmentPurchases
-66000
pten Net Decrease Increase In Deposits On Equipment Purchases
NetDecreaseIncreaseInDepositsOnEquipmentPurchases
3338000
CY2021Q3 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
0
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
0
CY2021Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
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CY2020Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
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CY2021Q3 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
943000
CY2020Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
802000
CY2021Q3 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
33415000
CY2020Q4 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
31683000
CY2021Q3 us-gaap Inventory Net
InventoryNet
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CY2020Q4 us-gaap Inventory Net
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CY2020Q4 us-gaap Property Plant And Equipment Gross
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CY2021Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
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CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
5328432000
CY2021Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2424725000
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2761041000
CY2021Q3 us-gaap Goodwill
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0
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FiniteLivedIntangibleAssetsGross
58823000
CY2021Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
37771000
CY2021Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
21052000
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
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CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
54591000
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FiniteLivedIntangibleAssetsNet
30087000
CY2021Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
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CY2020Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
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us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
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us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
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CY2020Q3 us-gaap Amortization Of Financing Costs
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CY2021Q3 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
300000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
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CY2021Q3 pten Accrued Salaries Wages Payroll Taxes And Benefits Current
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38046000
CY2020Q4 pten Accrued Salaries Wages Payroll Taxes And Benefits Current
AccruedSalariesWagesPayrollTaxesAndBenefitsCurrent
37627000
CY2021Q3 us-gaap Workers Compensation Liability Current
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CY2020Q4 us-gaap Workers Compensation Liability Current
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70847000
CY2021Q3 us-gaap Taxes Payable Current
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CY2020Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
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CY2020Q4 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
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CY2021Q3 us-gaap Interest Payable Current
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CY2020Q4 us-gaap Interest Payable Current
InterestPayableCurrent
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CY2021Q3 pten Accrued Restructuring Expense Current
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CY2020Q4 pten Accrued Restructuring Expense Current
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CY2020Q4 us-gaap Other Accrued Liabilities Current
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CY2021Q3 us-gaap Accrued Liabilities Current
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CY2020Q4 us-gaap Accrued Liabilities Current
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175004000
CY2021Q3 us-gaap Long Term Notes And Loans
LongTermNotesAndLoans
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CY2020Q4 us-gaap Long Term Notes And Loans
LongTermNotesAndLoans
908755000
CY2021Q3 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
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CY2020Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
7271000
CY2021Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
902104000
CY2020Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
901484000
us-gaap Amortization Of Financing Costs
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CY2021Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
50000000
CY2021Q3 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
858755000
CY2021Q3 us-gaap Long Term Debt
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908755000
CY2021Q3 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
63700000
CY2021Q3 us-gaap Purchase Commitment Remaining Minimum Amount Committed
PurchaseCommitmentRemainingMinimumAmountCommitted
58300000
pten Agreement Expire Description
AgreementExpireDescription
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CY2021Q3 us-gaap Unrecorded Unconditional Purchase Obligation Balance Sheet Amount
UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount
9000000.0
CY2021Q3 us-gaap Unrecorded Unconditional Purchase Obligation Due In Remainder Of Fiscal Year
UnrecordedUnconditionalPurchaseObligationDueInRemainderOfFiscalYear
7300000
CY2021Q3 us-gaap Unrecorded Unconditional Purchase Obligation Balance On First Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFirstAnniversary
1700000
CY2020Q2 pten Expire Period Of Right Agreement
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CY2020Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
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CY2020Q4 us-gaap Treasury Stock Value
TreasuryStockValue
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CY2021Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
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CY2021Q3 us-gaap Treasury Stock Value
TreasuryStockValue
1369887000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
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CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
4026150
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
21.63
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
276000
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
31.20
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3750150
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
20.92
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
3750150
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
20.92
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2021Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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9334000
CY2020Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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8490000
CY2021Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
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CY2020Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
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us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.157
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
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CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-82998000
CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-112111000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-292720000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-697165000
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
188965000
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
187280000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
188355000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
188193000
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.44
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.60
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.55
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-3.70
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-82998000
CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-112111000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-292720000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-697165000
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
188965000
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
187280000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
188355000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
188193000
CY2021Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
CY2020Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
188965000
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
187280000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
188355000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
188193000
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.44
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
9334000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
8490000
CY2020Q2 us-gaap Restructuring Costs
RestructuringCosts
38300000
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
357885000
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
207141000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
890588000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
903448000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
5606000
CY2021Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
37000
CY2020Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
238000
us-gaap Investment Income Interest
InvestmentIncomeInterest
196000
us-gaap Investment Income Interest
InvestmentIncomeInterest
1229000
CY2021Q3 us-gaap Interest Expense
InterestExpense
10683000
CY2020Q3 us-gaap Interest Expense
InterestExpense
11288000
us-gaap Interest Expense
InterestExpense
31396000
us-gaap Interest Expense
InterestExpense
33496000
CY2021Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
14000
CY2020Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
512000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
840000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
682000
CY2021Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-100641000
CY2020Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-125104000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-347306000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-799645000
CY2021Q3 pten Depreciation Depletion Amortization And Impairment
DepreciationDepletionAmortizationAndImpairment
141065000
CY2020Q3 pten Depreciation Depletion Amortization And Impairment
DepreciationDepletionAmortizationAndImpairment
157319000
pten Depreciation Depletion Amortization And Impairment
DepreciationDepletionAmortizationAndImpairment
437984000
pten Depreciation Depletion Amortization And Impairment
DepreciationDepletionAmortizationAndImpairment
517201000
CY2021Q3 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
34264000
CY2020Q3 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
13442000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
90837000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
135043000
CY2021Q3 us-gaap Assets
Assets
3017463000
CY2020Q4 us-gaap Assets
Assets
3299069000

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