$PTEN
PATTERSON UTI ENERGY INC

2021 Q4 Form 10-K Financial Statement

#000095017022001347 Filed on February 16, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $466.5M $1.357B $220.8M
YoY Change 111.27% 20.71% -55.15%
Cost Of Revenue $378.9M $1.082B $169.3M
YoY Change 123.8% 34.92% -53.43%
Gross Profit $87.60M $275.1M $51.50M
YoY Change 70.09% -14.63% -60.02%
Gross Profit Margin 18.78% 20.27% 23.32%
Selling, General & Admin $22.71M $92.38M $20.90M
YoY Change 8.64% -5.36% -38.35%
% of Gross Profit 25.92% 33.58% 40.58%
Research & Development $250.0K $1.371M
YoY Change
% of Gross Profit 0.29% 0.5%
Depreciation & Amortization $411.2M $849.2M $153.7M
YoY Change 167.53% 26.57% -14.61%
% of Gross Profit 469.42% 308.64% 298.45%
Operating Expenses $434.2M $92.38M $175.7M
YoY Change 147.12% -5.36% -16.97%
Operating Profit -$346.6M -$677.8M -$124.2M
YoY Change 179.06% -24.04% 50.06%
Interest Expense -$10.56M $41.98M -$7.200M
YoY Change 46.61% 2.96% -73.03%
% of Operating Profit
Other Income/Expense, Net -$1.115M -$42.03M $100.0K
YoY Change -1215.0% 8.44% 0.0%
Pretax Income -$372.5M -$719.8M -$131.4M
YoY Change 183.47% -22.69% 20.11%
Income Tax -$8.116M -$62.70M -$24.80M
% Of Pretax Income
Net Earnings -$361.8M -$654.5M -$106.5M
YoY Change 239.66% -18.56% 23.98%
Net Earnings / Revenue -77.56% -48.23% -48.25%
Basic Earnings Per Share -$3.36 -$0.57
Diluted Earnings Per Share -$1.683M -$3.36 -$0.57
COMMON SHARES
Basic Shares Outstanding 215.1M 195.0K
Diluted Shares Outstanding 195.0K

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $117.5M $117.5M $224.9M
YoY Change -47.74% -47.74% 29.1%
Cash & Equivalents $117.5M $117.5M $224.9M
Short-Term Investments
Other Short-Term Assets $67.62M $67.62M $55.31M
YoY Change 22.25% 22.28% -26.42%
Inventory $42.36M $42.36M $33.09M
Prepaid Expenses
Receivables $356.1M $356.1M $160.2M
Other Receivables $67.00K $67.00K $4.400M
Total Short-Term Assets $583.7M $583.7M $478.0M
YoY Change 22.11% 22.1% -24.35%
LONG-TERM ASSETS
Property, Plant & Equipment $2.332B $2.351B $2.761B
YoY Change -15.55% -15.38% -16.5%
Goodwill $0.00
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $11.06M $15.88M $11.42M
YoY Change -3.19% 21.21% -35.77%
Total Long-Term Assets $2.374B $2.374B $2.821B
YoY Change -15.84% -15.84% -25.91%
TOTAL ASSETS
Total Short-Term Assets $583.7M $583.7M $478.0M
Total Long-Term Assets $2.374B $2.374B $2.821B
Total Assets $2.958B $2.958B $3.299B
YoY Change -10.34% -10.34% -25.69%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $190.2M $190.2M $91.02M
YoY Change 108.98% 107.66% -46.61%
Accrued Expenses $238.5M $245.4M $175.6M
YoY Change 35.82% 34.76% -20.13%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change
Total Short-Term Liabilities $435.9M $435.9M $273.7M
YoY Change 59.23% 59.24% -31.67%
LONG-TERM LIABILITIES
Long-Term Debt $852.3M $852.3M $901.5M
YoY Change -5.45% -5.46% -6.73%
Other Long-Term Liabilities $12.84M $30.95M $11.01M
YoY Change 16.65% 2.83% 19.03%
Total Long-Term Liabilities $865.2M $883.3M $912.5M
YoY Change -5.19% -5.19% -6.49%
TOTAL LIABILITIES
Total Short-Term Liabilities $435.9M $435.9M $273.7M
Total Long-Term Liabilities $865.2M $883.3M $912.5M
Total Liabilities $1.348B $1.348B $1.283B
YoY Change 5.09% 5.09% -20.11%
SHAREHOLDERS EQUITY
Retained Earnings -$198.3M $472.0M
YoY Change -142.01% -63.55%
Common Stock $3.175B $2.905B
YoY Change 9.28% 0.92%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.373B $1.366B
YoY Change 0.46% 1.57%
Treasury Stock Shares $84.13M $83.40M
Shareholders Equity $1.609B $1.609B $2.016B
YoY Change
Total Liabilities & Shareholders Equity $2.958B $2.958B $3.299B
YoY Change -10.34% -10.34% -25.69%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income -$361.8M -$654.5M -$106.5M
YoY Change 239.66% -18.56% 23.98%
Depreciation, Depletion And Amortization $411.2M $849.2M $153.7M
YoY Change 167.53% 26.57% -14.61%
Cash From Operating Activities $43.90M $95.50M -$4.400M
YoY Change -1097.68% -65.75% -103.91%
INVESTING ACTIVITIES
Capital Expenditures -$75.48M $166.3M -$10.50M
YoY Change 618.89% 14.32% -83.64%
Acquisitions $29.36M
YoY Change
Other Investing Activities $14.51M $34.73M $2.800M
YoY Change 418.32% 69.4% -78.95%
Cash From Investing Activities -$60.97M -$131.6M -$7.600M
YoY Change 702.24% 5.3% -85.07%
FINANCING ACTIVITIES
Cash Dividend Paid $15.61M
YoY Change -17.27%
Common Stock Issuance & Retirement, Net $6.328M
YoY Change -70.12%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -57.06M -71.93M -66.80M
YoY Change -14.59% -30.26% 28.46%
NET CHANGE
Cash From Operating Activities 43.90M 95.50M -4.400M
Cash From Investing Activities -60.97M -131.6M -7.600M
Cash From Financing Activities -57.06M -71.93M -66.80M
Net Change In Cash -74.13M -107.4M -78.80M
YoY Change -5.93% -311.69% -929.47%
FREE CASH FLOW
Cash From Operating Activities $43.90M $95.50M -$4.400M
Capital Expenditures -$75.48M $166.3M -$10.50M
Free Cash Flow $119.4M -$70.82M $6.100M
YoY Change 1857.07% -153.1% -96.55%

Facts In Submission

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CY2021 us-gaap Use Of Estimates
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<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;">Management estimates</span><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;"> — The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“U.S. 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 amounts of revenues and expenses during the reporting period. Actual results could differ from such estimates</span>
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CY2021 pten Fair Value Consideration Transferred Has Been Provisionally Assigned To Identifiable Intangible Assets
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<p style="text-indent:2.267%;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;">A portion of the fair value consideration transferred has been provisionally assigned to identifiable intangible assets as follows:</span></p><p style="text-indent:2.267%;font-size:10.0pt;margin-top:0.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="white-space:pre-wrap;font-size:10.0pt;font-family:Times New Roman;"> </span></p> <table style="margin-left:auto;border-spacing:0;table-layout:fixed;width:100.0%;border-collapse:separate;margin-right:auto;"> <tr style="visibility:collapse;"> <td style="width:67.789%;"/> <td style="width:1.206%;"/> <td style="width:13.513%;"/> <td style="width:0.603%;"/> <td style="width:1.651%;"/> <td style="width:0.603%;"/> <td style="width:14.033%;"/> <td style="width:0.603%;"/> </tr> <tr style="height:8.0pt;"> <td style="background-color:rgba(0,0,0,0);word-break:break-word;vertical-align:bottom;"><p style="text-indent:0.0pt;font-size:8.0pt;margin-top:0.0pt;line-height:1.05;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="white-space:pre-wrap;font-size:8.0pt;font-family:Times New Roman;"> </span></p></td> <td colspan="2" style="background-color:rgba(0,0,0,0);word-break:break-word;vertical-align:bottom;border-bottom:0.500pt solid rgba(0,0,0,1);text-align:left;"><p style="text-indent:0.0pt;font-size:8.0pt;margin-top:0.0pt;line-height:1.05;font-family:Times New Roman;margin-bottom:0.0pt;text-align:center;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:8.0pt;font-family:Times New Roman;">Fair Value</span></p></td> <td style="background-color:rgba(0,0,0,0);word-break:break-word;vertical-align:bottom;border-bottom:0.500pt solid rgba(255,255,255,0.01);text-align:left;"><p style="text-indent:0.0pt;font-size:8.0pt;margin-top:0.0pt;line-height:1.05;font-family:Times New Roman;margin-bottom:0.0pt;text-align:center;"><span style="white-space:pre-wrap;font-size:8.0pt;font-family:Times New Roman;"> </span></p></td> <td style="background-color:rgba(0,0,0,0);word-break:break-word;vertical-align:bottom;text-align:left;"><p style="text-indent:0.0pt;font-size:8.0pt;margin-top:0.0pt;line-height:1.05;font-family:Times New Roman;margin-bottom:0.0pt;text-align:center;"><span style="white-space:pre-wrap;font-size:8.0pt;font-family:Times New Roman;"> </span></p></td> <td colspan="2" style="background-color:rgba(0,0,0,0);word-break:break-word;vertical-align:bottom;border-bottom:0.500pt solid rgba(0,0,0,1);text-align:left;"><p style="text-indent:0.0pt;font-size:8.0pt;margin-top:0.0pt;line-height:1.05;font-family:Times New Roman;margin-bottom:0.0pt;text-align:center;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:8.0pt;font-family:Times New Roman;">Weighted Average Useful Life</span></p></td> <td style="background-color:rgba(0,0,0,0);word-break:break-word;vertical-align:bottom;border-bottom:0.500pt solid rgba(255,255,255,0.01);text-align:left;"><p style="text-indent:0.0pt;font-size:8.0pt;margin-top:0.0pt;line-height:1.05;font-family:Times New Roman;margin-bottom:0.0pt;text-align:center;"><span style="white-space:pre-wrap;font-size:8.0pt;font-family:Times New Roman;"> </span></p></td> </tr> <tr style="height:8.0pt;"> <td style="background-color:rgba(0,0,0,0);word-break:break-word;vertical-align:bottom;"><p style="text-indent:0.0pt;font-size:8.0pt;margin-top:0.0pt;line-height:1.05;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="white-space:pre-wrap;font-size:8.0pt;font-family:Times New Roman;"> </span></p></td> <td colspan="2" style="background-color:rgba(0,0,0,0);word-break:break-word;vertical-align:bottom;text-align:left;"><p style="text-indent:0.0pt;font-size:8.0pt;margin-top:0.0pt;line-height:1.05;font-family:Times New Roman;margin-bottom:0.0pt;text-align:center;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:8.0pt;font-family:Times New Roman;">(in thousands)</span></p></td> <td style="background-color:rgba(0,0,0,0);word-break:break-word;vertical-align:bottom;text-align:left;"><p style="text-indent:0.0pt;font-size:8.0pt;margin-top:0.0pt;line-height:1.05;font-family:Times New Roman;margin-bottom:0.0pt;text-align:center;"><span style="white-space:pre-wrap;font-size:8.0pt;font-family:Times New Roman;"> </span></p></td> <td style="background-color:rgba(0,0,0,0);word-break:break-word;vertical-align:bottom;text-align:left;"><p style="text-indent:0.0pt;font-size:8.0pt;margin-top:0.0pt;line-height:1.05;font-family:Times New Roman;margin-bottom:0.0pt;text-align:center;"><span style="white-space:pre-wrap;font-size:8.0pt;font-family:Times New Roman;"> </span></p></td> <td colspan="2" style="background-color:rgba(0,0,0,0);word-break:break-word;vertical-align:bottom;text-align:left;"><p style="text-indent:0.0pt;font-size:8.0pt;margin-top:0.0pt;line-height:1.05;font-family:Times New Roman;margin-bottom:0.0pt;text-align:center;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:8.0pt;font-family:Times New Roman;">(in years)</span></p></td> <td style="background-color:rgba(0,0,0,0);word-break:break-word;vertical-align:bottom;text-align:left;"><p style="text-indent:0.0pt;font-size:8.0pt;margin-top:0.0pt;line-height:1.05;font-family:Times New Roman;margin-bottom:0.0pt;text-align:center;"><span style="white-space:pre-wrap;font-size:8.0pt;font-family:Times New Roman;"> </span></p></td> </tr> <tr style="height:10.0pt;"> <td style="background-color:rgba(207,240,252,1);word-break:break-word;vertical-align:bottom;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;line-height:1.05;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><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;">Assets</span></p></td> <td colspan="2" style="background-color:rgba(207,240,252,1);word-break:break-word;vertical-align:bottom;text-align:center;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;line-height:1.05;font-family:Times New Roman;margin-bottom:0.0pt;text-align:right;"><span style="white-space:pre-wrap;font-size:10.0pt;font-family:Times New Roman;"> </span></p></td> <td style="background-color:rgba(207,240,252,1);word-break:break-word;vertical-align:bottom;text-align:center;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;line-height:1.05;font-family:Times New Roman;margin-bottom:0.0pt;text-align:right;"><span style="white-space:pre-wrap;font-size:10.0pt;font-family:Times New Roman;"> </span></p></td> <td style="background-color:rgba(207,240,252,1);word-break:break-word;vertical-align:bottom;text-align:center;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;line-height:1.05;font-family:Times New Roman;margin-bottom:0.0pt;text-align:right;"><span style="white-space:pre-wrap;font-size:10.0pt;font-family:Times New Roman;"> </span></p></td> <td colspan="2" style="background-color:rgba(207,240,252,1);word-break:break-word;vertical-align:bottom;text-align:left;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;line-height:1.05;font-family:Times New Roman;margin-bottom:0.0pt;text-align:center;"><span style="white-space:pre-wrap;font-size:10.0pt;font-family:Times New Roman;"> </span></p></td> <td style="background-color:rgba(207,240,252,1);word-break:break-word;vertical-align:bottom;text-align:left;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;line-height:1.05;font-family:Times New Roman;margin-bottom:0.0pt;text-align:center;"><span style="white-space:pre-wrap;font-size:10.0pt;font-family:Times New Roman;"> </span></p></td> </tr> <tr style="height:10.0pt;"> <td style="background-color:rgba(0,0,0,0);text-indent:5.0pt;word-break:break-word;vertical-align:bottom;"><p style="margin-left:5.0pt;text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;line-height:1.05;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><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;">Trade name</span></p></td> <td style="background-color:rgba(0,0,0,0);word-break:break-word;vertical-align:bottom;border-bottom:2.250pt double rgba(0,0,0,1);"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;line-height:1.05;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><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;">$</span></p></td> <td style="background-color:rgba(0,0,0,0);word-break:break-word;vertical-align:bottom;border-bottom:2.250pt double rgba(0,0,0,1);text-align:center;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;line-height:1.05;font-family:Times New Roman;margin-bottom:0.0pt;text-align:right;"><span style="font-size:10.0pt;font-family:Times New Roman;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;">907</span></p></td> <td style="background-color:rgba(0,0,0,0);word-break:break-word;vertical-align:bottom;border-bottom:2.250pt double rgba(255,255,255,0.01);"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;line-height:1.05;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="white-space:pre-wrap;font-size:10.0pt;font-family:Times New Roman;"> </span></p></td> <td style="background-color:rgba(0,0,0,0);word-break:break-word;vertical-align:bottom;text-align:center;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;line-height:1.05;font-family:Times New Roman;margin-bottom:0.0pt;text-align:right;"><span style="white-space:pre-wrap;font-size:10.0pt;font-family:Times New Roman;"> </span></p></td> <td style="background-color:rgba(0,0,0,0);word-break:break-word;vertical-align:bottom;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;line-height:1.05;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="white-space:pre-wrap;font-size:10.0pt;font-family:Times New Roman;"> </span></p></td> <td style="background-color:rgba(0,0,0,0);word-break:break-word;vertical-align:bottom;text-align:center;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;line-height:1.05;font-family:Times New Roman;margin-bottom:0.0pt;text-align:right;"><span style="font-size:10.0pt;font-family:Times New Roman;"><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;">5.00</span></span></p></td> <td style="background-color:rgba(0,0,0,0);word-break:break-word;vertical-align:bottom;"><p style="text-indent:0.0pt;font-size:10.0pt;margin-top:0.0pt;line-height:1.05;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="white-space:pre-wrap;font-size:10.0pt;font-family:Times New Roman;"> </span></p></td> </tr> </table>
CY2021 us-gaap Depletion
Depletion
5573000
CY2020 us-gaap Depletion
Depletion
6686000
CY2019 us-gaap Depletion
Depletion
11945000
CY2021 pten Depreciation Depletion Amortization And Impairment
DepreciationDepletionAmortizationAndImpairment
849178000
CY2021 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
12100000
CY2021 us-gaap Proceeds From Sales Of Business Affiliate And Productive Assets
ProceedsFromSalesOfBusinessAffiliateAndProductiveAssets
43000000.0
CY2021 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
29520000
CY2021 us-gaap Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
27050000
CY2021 us-gaap Disposal Group Including Discontinued Operation Operating Income Loss
DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss
2470000
CY2021 us-gaap Disposal Group Including Discontinued Operation Other Income
DisposalGroupIncludingDiscontinuedOperationOtherIncome
64000
CY2021 us-gaap Discontinued Operation Gain Loss From Disposal Of Discontinued Operation Before Income Tax
DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax
2534000
CY2021 us-gaap Discontinued Operation Tax Effect Of Income Loss From Disposal Of Discontinued Operation
DiscontinuedOperationTaxEffectOfIncomeLossFromDisposalOfDiscontinuedOperation
0
CY2021 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
2534000
CY2021 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
59700000
CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-1500000
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
6516000
CY2020 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
5606000
CY2020 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
1280000
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
10842000
CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-1500000
CY2021 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
849000
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
8493000
CY2021Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
515000
CY2020Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
600000
CY2021Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
882000
CY2020Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
802000
CY2021Q4 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
40962000
CY2020Q4 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
31683000
CY2021Q4 us-gaap Inventory Net
InventoryNet
42359000
CY2020Q4 us-gaap Inventory Net
InventoryNet
33085000
CY2021 us-gaap Inventory Write Down
InventoryWriteDown
4000000.0
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
8178346000
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
8089473000
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
5846591000
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
5328432000
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2331755000
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2761041000
CY2021 pten Depreciation And Impairment Losses
DepreciationAndImpairmentLosses
818999000
CY2020 pten Depreciation And Impairment Losses
DepreciationAndImpairmentLosses
644943000
CY2019 pten Depreciation And Impairment Losses
DepreciationAndImpairmentLosses
974206000
CY2021 pten Amortization Expense Of Intangible Assets Net Of Intangible Liabilities
AmortizationExpenseOfIntangibleAssetsNetOfIntangibleLiabilities
24606000
CY2020 pten Amortization Expense Of Intangible Assets Net Of Intangible Liabilities
AmortizationExpenseOfIntangibleAssetsNetOfIntangibleLiabilities
19281000
CY2019 pten Amortization Expense Of Intangible Assets Net Of Intangible Liabilities
AmortizationExpenseOfIntangibleAssetsNetOfIntangibleLiabilities
17722000
CY2020 pten Depreciation Depletion Amortization And Impairment
DepreciationDepletionAmortizationAndImpairment
670910000
CY2019 pten Depreciation Depletion Amortization And Impairment
DepreciationDepletionAmortizationAndImpairment
1003873000
CY2021Q4 us-gaap Goodwill
Goodwill
0
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2021 us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
11400000
CY2020 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0
CY2019 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
59907000
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
52370000
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
7537000
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
84678000
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
54591000
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
30087000
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
24000000.0
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
19300000
CY2019 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
17900000
CY2021 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
11400000
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
1405000
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
1405000
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
1405000
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
1354000
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
1078000
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
890000
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
7537000
CY2021Q4 pten Accrued Salaries Wages Payroll Taxes And Benefits Current
AccruedSalariesWagesPayrollTaxesAndBenefitsCurrent
52252000
CY2020Q4 pten Accrued Salaries Wages Payroll Taxes And Benefits Current
AccruedSalariesWagesPayrollTaxesAndBenefitsCurrent
37627000
CY2021Q4 us-gaap Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
67921000
CY2020Q4 us-gaap Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
70847000
CY2021Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
9673000
CY2020Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
10666000
CY2021Q4 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
6494000
CY2020Q4 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
8462000
CY2021Q4 us-gaap Interest Payable Current
InterestPayableCurrent
11226000
CY2020Q4 us-gaap Interest Payable Current
InterestPayableCurrent
11325000
CY2021Q4 pten Accrued Restructuring Expense Current
AccruedRestructuringExpenseCurrent
7884000
CY2020Q4 pten Accrued Restructuring Expense Current
AccruedRestructuringExpenseCurrent
14310000
CY2021Q4 pten Accrued Customer Prepayment Current
AccruedCustomerPrepaymentCurrent
60282000
CY2020Q4 pten Accrued Customer Prepayment Current
AccruedCustomerPrepaymentCurrent
599000
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
22779000
CY2020Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
21767000
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
238511000
CY2020Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
175603000
CY2021Q4 us-gaap Long Term Notes And Loans
LongTermNotesAndLoans
858755000
CY2020Q4 us-gaap Long Term Notes And Loans
LongTermNotesAndLoans
908755000
CY2021Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
6432000
CY2020Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
7271000
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
852323000
CY2020Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
901484000
CY2021 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1000000.0
CY2020 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1100000
CY2019 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2000000.0
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
0
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
0
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
0
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
0
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
0
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
858755000
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
858755000
CY2021Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
71500000
CY2021Q4 us-gaap Purchase Commitment Remaining Minimum Amount Committed
PurchaseCommitmentRemainingMinimumAmountCommitted
99000000.0
CY2020Q2 pten Deposit Revaluation Charge
DepositRevaluationCharge
9200000
CY2019Q2 pten Deposit Revaluation Charge
DepositRevaluationCharge
12700000
CY2020Q2 pten Reservation Agreement Amount
ReservationAgreementAmount
0
CY2020Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
83402322
CY2020Q4 us-gaap Treasury Stock Value
TreasuryStockValue
1366313000
CY2019Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
77336387
CY2019Q4 us-gaap Treasury Stock Value
TreasuryStockValue
1345134000
CY2018Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
53701096
CY2018Q4 us-gaap Treasury Stock Value
TreasuryStockValue
1080448000
CY2019 pten Treasury Stock Share Other
TreasuryStockShareOther
31013
CY2019 pten Treasury Stock Other
TreasuryStockOther
372000
CY2021Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
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CY2021Q4 us-gaap Treasury Stock Value
TreasuryStockValue
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CY2020Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
83402322
CY2020Q4 us-gaap Treasury Stock Value
TreasuryStockValue
1366313000
CY2019Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
77336387
CY2019Q4 us-gaap Treasury Stock Value
TreasuryStockValue
1345134000
CY2020Q2 pten Expire Period Of Right Agreement
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2021-04-21
CY2021 us-gaap Allocated Share Based Compensation Expense
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750000
CY2021 pten Compensation Expense Foregoing Limit
CompensationExpenseForegoingLimit
1000000
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
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0
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
0
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
0
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
CY2021 us-gaap Stock Issued During Period Shares Stock Options Exercised
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0
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
306000
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
30.10
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3720150
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
20.93
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
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3720150
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
20.93
CY2021 pten Share Based Compensation Arrangement By Share Based Payment Award Grant Date Fair Value Of Options Vested
ShareBasedCompensationArrangementByShareBasedPaymentAwardGrantDateFairValueOfOptionsVested
89000
CY2020 pten Share Based Compensation Arrangement By Share Based Payment Award Grant Date Fair Value Of Options Vested
ShareBasedCompensationArrangementByShareBasedPaymentAwardGrantDateFairValueOfOptionsVested
89000
CY2019 pten Share Based Compensation Arrangement By Share Based Payment Award Grant Date Fair Value Of Options Vested
ShareBasedCompensationArrangementByShareBasedPaymentAwardGrantDateFairValueOfOptionsVested
543000
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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0
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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0
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
0
CY2021Q4 pten Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedAndExpectedToVestOutstandingNumber
3300000
CY2019Q4 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
10200000
CY2019Q4 us-gaap Lessee Operating Lease Term Of Contract
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P58M
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
4984000
CY2020 us-gaap Operating Lease Cost
OperatingLeaseCost
6911000
CY2019 us-gaap Operating Lease Cost
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CY2021 us-gaap Short Term Lease Cost
ShortTermLeaseCost
41000
CY2020 us-gaap Short Term Lease Cost
ShortTermLeaseCost
2000
CY2019 us-gaap Short Term Lease Cost
ShortTermLeaseCost
440000
CY2021 us-gaap Lease Cost
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5025000
CY2020 us-gaap Lease Cost
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6913000
CY2019 us-gaap Lease Cost
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CY2021 us-gaap Operating Lease Payments
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7323000
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
11576000
CY2019 us-gaap Operating Lease Payments
OperatingLeasePayments
10033000
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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6413000
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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1763000
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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10870000
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P4Y9M18D
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P5Y2M12D
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
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0.038
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
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0.041
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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7662000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
5670000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
4390000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
3354000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
2691000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
3508000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
27275000
CY2021Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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2276000
CY2021Q4 us-gaap Operating Lease Liability
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24999000
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
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CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
500000000
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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900000
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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14200000
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
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CY2021 us-gaap Current Federal Tax Expense Benefit
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CY2020 us-gaap Current Federal Tax Expense Benefit
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CY2019 us-gaap Current Federal Tax Expense Benefit
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CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2021 us-gaap Federal Income Tax Expense Benefit Continuing Operations
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CY2020 us-gaap Federal Income Tax Expense Benefit Continuing Operations
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CY2019 us-gaap Federal Income Tax Expense Benefit Continuing Operations
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CY2021 us-gaap Current State And Local Tax Expense Benefit
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144000
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
225000
CY2019 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
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CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
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CY2021 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
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CY2020 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
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CY2019 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
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CY2021 us-gaap Current Foreign Tax Expense Benefit
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134000
CY2020 us-gaap Current Foreign Tax Expense Benefit
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CY2019 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
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CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
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870000
CY2020 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2019 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2021 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
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CY2020 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
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CY2019 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
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CY2021 us-gaap Current Income Tax Expense Benefit
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278000
CY2020 us-gaap Current Income Tax Expense Benefit
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CY2019 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
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CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2019 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2020 us-gaap Income Tax Expense Benefit
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CY2019 us-gaap Income Tax Expense Benefit
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CY2020Q4 us-gaap Deferred Tax Liabilities Other
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CY2021Q4 us-gaap Deferred Income Tax Liabilities
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CY2020Q4 us-gaap Deferred Income Tax Liabilities
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CY2021Q4 us-gaap Deferred Tax Liabilities
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CY2020Q4 us-gaap Deferred Tax Liabilities
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CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
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1700000000
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Foreign
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52400000
CY2020Q4 us-gaap Deferred Tax Assets Other
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CY2021Q4 us-gaap Deferred Tax Assets Gross
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CY2020Q4 us-gaap Deferred Tax Assets Gross
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CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2020 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2019 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Impairment Losses
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0
CY2020 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Impairment Losses
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CY2019 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Impairment Losses
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0.007
CY2021 pten Effective Income Tax Rate Reconciliation
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CY2020 pten Effective Income Tax Rate Reconciliation
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CY2019 pten Effective Income Tax Rate Reconciliation
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2020 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2019 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2021 pten Effective Income Tax Rate Reconciliation State Deferred Tax Remeasurement
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CY2019 pten Effective Income Tax Rate Reconciliation State Deferred Tax Remeasurement
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CY2019 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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CY2021 us-gaap Effective Income Tax Rate Continuing Operations
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CY2020 us-gaap Effective Income Tax Rate Continuing Operations
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CY2019 us-gaap Effective Income Tax Rate Continuing Operations
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CY2021 pten Effective Income Tax Rate Reconciliation Decreased In Effective Tax Rate Due To Good Will Impairment Charges
EffectiveIncomeTaxRateReconciliationDecreasedInEffectiveTaxRateDueToGoodWillImpairmentCharges
0.050
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
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CY2020 us-gaap Effective Income Tax Rate Continuing Operations
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CY2020Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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CY2021Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
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CY2020Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
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CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
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CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
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CY2021Q4 us-gaap Deferred Tax Assets Other
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CY2020Q4 us-gaap Deferred Tax Assets Net
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CY2020Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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CY2021Q4 us-gaap Deferred Tax Liabilities Other
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CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
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CY2021Q4 us-gaap Unrecognized Tax Benefits
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CY2021 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Basic
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CY2020 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Basic
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CY2021 us-gaap Net Income Loss From Discontinued Operations Available To Common Shareholders Basic
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CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2020 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2019 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
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195021
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
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188013
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
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203039
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CY2020 us-gaap Income Loss From Continuing Operations Per Basic Share
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CY2019 us-gaap Income Loss From Continuing Operations Per Basic Share
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CY2021 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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CY2019 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Diluted
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CY2021 us-gaap Net Income Loss From Discontinued Operations Available To Common Shareholders Diluted
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CY2021 us-gaap Net Income Loss Available To Common Stockholders Diluted
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CY2020 us-gaap Net Income Loss Available To Common Stockholders Diluted
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CY2019 us-gaap Net Income Loss Available To Common Stockholders Diluted
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CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
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188013
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2021 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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CY2019 us-gaap Earnings Per Share Diluted
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CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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9551
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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8747
CY2019 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2021 us-gaap Defined Contribution Plan Cost Recognized
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7600000
CY2020 us-gaap Defined Contribution Plan Cost Recognized
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7700000
CY2019 us-gaap Defined Contribution Plan Cost Recognized
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13200000
CY2021 us-gaap Number Of Reportable Segments
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CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2021 us-gaap Provision For Doubtful Accounts
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CY2020 us-gaap Provision For Doubtful Accounts
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CY2019 us-gaap Provision For Doubtful Accounts
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CY2021 us-gaap Investment Income Interest
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CY2020 us-gaap Investment Income Interest
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CY2019 us-gaap Investment Income Interest
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CY2020 us-gaap Interest Expense
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CY2019 us-gaap Interest Expense
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CY2021 us-gaap Other Nonoperating Income Expense
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CY2020 us-gaap Other Nonoperating Income Expense
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CY2019 us-gaap Other Nonoperating Income Expense
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CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-530378000
CY2021 pten Depreciation Depletion Amortization And Impairment
DepreciationDepletionAmortizationAndImpairment
849178000
CY2020 pten Depreciation Depletion Amortization And Impairment
DepreciationDepletionAmortizationAndImpairment
670910000
CY2019 pten Depreciation Depletion Amortization And Impairment
DepreciationDepletionAmortizationAndImpairment
1003873000
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
166320000
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
145481000
CY2019 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
347512000
CY2021Q4 us-gaap Assets
Assets
2957848000
CY2020Q4 us-gaap Assets
Assets
3299069000
CY2019Q4 us-gaap Assets
Assets
4439615000
CY2021Q4 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
2043000
CY2020Q4 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
1000000
CY2021Q4 us-gaap Cash Uninsured Amount
CashUninsuredAmount
125405000
CY2020Q4 us-gaap Cash Uninsured Amount
CashUninsuredAmount
227961000
CY2021Q4 us-gaap Foreign Financial Institutions Actual Deposits
ForeignFinancialInstitutionsActualDeposits
9342000
CY2020Q4 us-gaap Foreign Financial Institutions Actual Deposits
ForeignFinancialInstitutionsActualDeposits
1966000
CY2021Q4 pten Cash And Cash Equivalents
CashAndCashEquivalents
136790000
CY2020Q4 pten Cash And Cash Equivalents
CashAndCashEquivalents
230927000
CY2021Q4 pten Bank Checks Outstanding And Other Reconciling Items
BankChecksOutstandingAndOtherReconcilingItems
19266000
CY2020Q4 pten Bank Checks Outstanding And Other Reconciling Items
BankChecksOutstandingAndOtherReconcilingItems
6012000
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
117524000
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
224915000
CY2020 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
5600000
CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-1500000
CY2020Q2 us-gaap Restructuring Costs
RestructuringCosts
38300000
CY2021 us-gaap Restructuring Costs
RestructuringCosts
0
CY2019 us-gaap Restructuring Costs
RestructuringCosts
0

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