$PTEN
PATTERSON UTI ENERGY INC

2022 Q3 Form 10-Q Financial Statement

#000095017022013869 Filed on August 02, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $727.5M $622.2M $509.4M
YoY Change 103.28% 113.26% 111.42%
Cost Of Revenue $500.6M $446.9M $383.2M
YoY Change 75.62% 89.98% 109.63%
Gross Profit $226.9M $175.3M $126.2M
YoY Change 211.57% 210.11% 116.77%
Gross Profit Margin 31.19% 28.18% 24.77%
Selling, General & Admin $28.47M $26.08M $27.46M
YoY Change 29.05% 10.72% 21.74%
% of Gross Profit 12.55% 14.87% 21.77%
Research & Development $250.0K $247.0K $245.0K
YoY Change 0.4% -0.4% -59.17%
% of Gross Profit 0.11% 0.14% 0.19%
Depreciation & Amortization $122.2M $121.6M $116.9M
YoY Change -13.41% -15.6% -23.52%
% of Gross Profit 53.84% 69.32% 92.69%
Operating Expenses $28.47M $26.08M $27.46M
YoY Change 29.05% 10.72% 21.74%
Operating Profit $76.35M $36.76M -$18.88M
YoY Change -184.82% -133.6% -83.93%
Interest Expense $10.98M $10.66M $10.57M
YoY Change 2.73% -0.43% 5.56%
% of Operating Profit 14.38% 28.99%
Other Income/Expense, Net -$12.69M -$13.10M -$8.968M
YoY Change 19.37% 32.66% -9.01%
Pretax Income $63.65M $23.67M -$27.85M
YoY Change -163.25% -119.84% -78.14%
Income Tax $2.202M $1.780M $928.0K
% Of Pretax Income 3.46% 7.52%
Net Earnings $61.45M $21.89M -$28.78M
YoY Change -174.04% -121.18% -72.96%
Net Earnings / Revenue 8.45% 3.52% -5.65%
Basic Earnings Per Share $0.28 $0.10 -$0.13
Diluted Earnings Per Share $0.28 $0.10 -$0.13
COMMON SHARES
Basic Shares Outstanding 216.8M 216.2M 215.3M
Diluted Shares Outstanding 220.5M 219.7M 215.3M

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $42.74M $19.64M $48.26M
YoY Change -77.66% -90.94% -77.46%
Cash & Equivalents $42.74M $19.64M $48.26M
Short-Term Investments
Other Short-Term Assets $68.29M $74.71M $61.70M
YoY Change 26.28% 22.62% 6.75%
Inventory $55.22M $53.53M $45.30M
Prepaid Expenses
Receivables $546.4M $473.2M $377.6M
Other Receivables $275.0K $187.0K $67.00K
Total Short-Term Assets $712.9M $621.2M $532.9M
YoY Change 31.17% 22.26% 9.29%
LONG-TERM ASSETS
Property, Plant & Equipment $2.279B $2.289B $2.306B
YoY Change -6.02% -8.86% -12.27%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $10.43M $11.38M $12.78M
YoY Change -5.11% -11.54% -4.64%
Total Long-Term Assets $2.329B $2.339B $2.356B
YoY Change -5.86% -8.83% -12.23%
TOTAL ASSETS
Total Short-Term Assets $712.9M $621.2M $532.9M
Total Long-Term Assets $2.329B $2.339B $2.356B
Total Assets $3.042B $2.960B $2.889B
YoY Change 0.81% -3.69% -8.92%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $263.8M $252.7M $206.8M
YoY Change 59.1% 109.09% 106.59%
Accrued Expenses $188.2M $189.2M $182.4M
YoY Change 12.64% 13.78% 11.09%
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 $460.0M $448.4M $396.2M
YoY Change 35.75% 52.79% 45.49%
LONG-TERM LIABILITIES
Long-Term Debt $852.9M $877.7M $852.5M
YoY Change -5.45% -2.68% -5.45%
Other Long-Term Liabilities $51.05M $10.67M $16.04M
YoY Change 320.35% -63.98% -44.69%
Total Long-Term Liabilities $904.0M $888.4M $868.6M
YoY Change -1.12% -1.5% -3.67%
TOTAL LIABILITIES
Total Short-Term Liabilities $460.0M $448.4M $396.2M
Total Long-Term Liabilities $904.0M $888.4M $868.6M
Total Liabilities $1.408B $1.384B $1.312B
YoY Change 8.96% 9.35% 4.17%
SHAREHOLDERS EQUITY
Retained Earnings -$170.1M -$222.7M -$235.8M
YoY Change -201.31%
Common Stock $3.200B $3.195B $3.179B
YoY Change 9.53%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.396B $1.396B $1.373B
YoY Change 1.9% 1.9%
Treasury Stock Shares $85.50M $85.50M $84.13M
Shareholders Equity $1.634B $1.576B $1.577B
YoY Change
Total Liabilities & Shareholders Equity $3.042B $2.960B $2.889B
YoY Change 0.81% -3.69% -8.92%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income $61.45M $21.89M -$28.78M
YoY Change -174.04% -121.18% -72.96%
Depreciation, Depletion And Amortization $122.2M $121.6M $116.9M
YoY Change -13.41% -15.6% -23.52%
Cash From Operating Activities $178.2M $51.34M $33.67M
YoY Change 2308.19% 44.23% 290.56%
INVESTING ACTIVITIES
Capital Expenditures $126.4M $96.37M $94.83M
YoY Change 268.77% 153.27% 411.95%
Acquisitions
YoY Change
Other Investing Activities $4.897M $11.54M $1.460M
YoY Change -7.45% -6.31% -43.85%
Cash From Investing Activities -$121.5M -$84.83M -$93.37M
YoY Change 319.21% 229.41% 486.67%
FINANCING ACTIVITIES
Cash Dividend Paid $8.611M
YoY Change 129.38%
Common Stock Issuance & Retirement, Net $13.00K
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -33.67M 3.464M -8.624M
YoY Change 778.73% -147.81% 129.73%
NET CHANGE
Cash From Operating Activities 178.2M 51.34M 33.67M
Cash From Investing Activities -121.5M -84.83M -93.37M
Cash From Financing Activities -33.67M 3.464M -8.624M
Net Change In Cash 23.10M -30.02M -69.26M
YoY Change -190.93% -1254.13% 543.02%
FREE CASH FLOW
Cash From Operating Activities $178.2M $51.34M $33.67M
Capital Expenditures $126.4M $96.37M $94.83M
Free Cash Flow $51.88M -$45.03M -$61.15M
YoY Change -293.11% 1735.59% 517.65%

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CY2021Q2 pten Release Of Cumulative Translation Adjustment
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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CY2021Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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CY2022Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2021Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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pten Release Of Cumulative Translation Adjustment Net Income Loss
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CY2022Q2 pten Release Of Cumulative Translation Adjustment Net Income Loss
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us-gaap Comprehensive Income Net Of Tax
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us-gaap Comprehensive Income Net Of Tax
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4642000
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CY2022Q1 pten Dividend Equivalents
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CY2022Q1 us-gaap Stockholders Equity
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1678000
CY2022Q2 pten Release Of Cumulative Translation Adjustment
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CY2022Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
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CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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5162000
CY2022Q2 us-gaap Common Stock Dividends Per Share Cash Paid
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0.04
CY2022Q2 us-gaap Dividends Common Stock Cash
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8652000
CY2022Q2 pten Dividend Equivalents
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100000
CY2022Q2 us-gaap Treasury Stock Value Acquired Cost Method
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23252000
CY2022Q2 us-gaap Stockholders Equity
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CY2020Q4 us-gaap Stockholders Equity
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CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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5891000
CY2021Q1 us-gaap Common Stock Dividends Per Share Cash Paid
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CY2021Q1 us-gaap Dividends Common Stock Cash
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3754000
CY2021Q1 pten Dividend Equivalents
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55000
us-gaap Amortization Of Financing Costs And Discounts
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416000
us-gaap Amortization Of Financing Costs And Discounts
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us-gaap Deferred Income Tax Expense Benefit
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CY2021Q2 us-gaap Net Income Loss
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CY2021Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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255000
us-gaap Deferred Income Tax Expense Benefit
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us-gaap Share Based Compensation
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9804000
us-gaap Repayments Of Long Term Lines Of Credit
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CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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5934000
CY2021Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.02
CY2021Q2 us-gaap Dividends Common Stock Cash
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3769000
CY2021Q2 pten Dividend Equivalents
DividendEquivalents
18000
CY2021Q2 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
3522000
CY2021Q2 us-gaap Stockholders Equity
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us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
-209722000
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DepreciationDepletionAmortizationAndImpairment
238491000
pten Depreciation Depletion Amortization And Impairment
DepreciationDepletionAmortizationAndImpairment
296919000
us-gaap Exploration Abandonment And Impairment Expense
ExplorationAbandonmentAndImpairmentExpense
118000
us-gaap Exploration Abandonment And Impairment Expense
ExplorationAbandonmentAndImpairmentExpense
171000
us-gaap Share Based Compensation
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11825000
us-gaap Gain Loss On Sale Of Property Plant Equipment
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10408000
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
4052000
us-gaap Increase Decrease In Accounts Receivable
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116859000
us-gaap Increase Decrease In Accounts Receivable
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36438000
us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
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542000
us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
4369000
us-gaap Increase Decrease In Inventories And Other Operating Assets
IncreaseDecreaseInInventoriesAndOtherOperatingAssets
17671000
us-gaap Increase Decrease In Inventories And Other Operating Assets
IncreaseDecreaseInInventoriesAndOtherOperatingAssets
6423000
us-gaap Increase Decrease In Accounts Payable
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42661000
us-gaap Increase Decrease In Accounts Payable
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34465000
us-gaap Increase Decrease In Accrued Liabilities
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-49487000
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-8785000
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-6103000
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-1471000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
85017000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
44197000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
191198000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
56573000
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
15346000
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
15145000
us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
2342000
us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
223000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-178194000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-41651000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
12897000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
3522000
us-gaap Payments Of Dividends
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17263000
us-gaap Payments Of Dividends
PaymentsOfDividends
7523000
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
45000000
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
0
us-gaap Interest Paid Net
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20341000
us-gaap Interest Paid Net
InterestPaidNet
20604000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-880000
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
0
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-5160000
CY2022Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
817000
CY2021Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
515000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-11045000
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
449000
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
266000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-97888000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-8233000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
117524000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
224915000
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
19636000
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
216682000
us-gaap Interest Paid Capitalized
InterestPaidCapitalized
400000
us-gaap Interest Paid Capitalized
InterestPaidCapitalized
56000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
4226000
pten Increase Decrease In Payables Related To Purchases Of Property And Equipment
IncreaseDecreaseInPayablesRelatedToPurchasesOfPropertyAndEquipment
19779000
pten Increase Decrease In Payables Related To Purchases Of Property And Equipment
IncreaseDecreaseInPayablesRelatedToPurchasesOfPropertyAndEquipment
-5232000
pten Net Decrease Increase In Deposits On Equipment Purchases
NetDecreaseIncreaseInDepositsOnEquipmentPurchases
-4363000
pten Net Decrease Increase In Deposits On Equipment Purchases
NetDecreaseIncreaseInDepositsOnEquipmentPurchases
117000
pten Cashless Exercise Of Stock Options
CashlessExerciseOfStockOptions
10368000
pten Cashless Exercise Of Stock Options
CashlessExerciseOfStockOptions
0
CY2022Q2 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
1838000
CY2021Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
882000
pten Fair Value Consideration Transferred Has Been Provisionally Assigned To Identifiable Intangible Assets
FairValueConsiderationTransferredHasBeenProvisionallyAssignedToIdentifiableIntangibleAssets
<p style="text-indent:4.533%;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="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">A portion of the fair value consideration transferred was provisionally assigned to identifiable intangible assets as follows:</span></p><p style="text-indent:4.533%;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;min-width:fit-content;"/> </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:66.414%;"/> <td style="width:1.0%;"/> <td style="width:14.214%;"/> <td style="width:1.0%;"/> <td style="width:1.627%;"/> <td style="width:1.0%;"/> <td style="width:13.745%;"/> <td style="width:1.0%;"/> </tr> <tr style="height:8.0pt;"> <td style="background-color:rgba(0,0,0,0);word-break:break-word;white-space:pre-wrap;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;min-width:fit-content;"/> </p></td> <td colspan="2" style="background-color:rgba(0,0,0,0);word-break:break-word;white-space:pre-wrap;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;min-width:fit-content;">Fair Value</span></p></td> <td style="background-color:rgba(0,0,0,0);word-break:break-word;white-space:pre-wrap;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;min-width:fit-content;"/> </p></td> <td style="background-color:rgba(0,0,0,0);word-break:break-word;white-space:pre-wrap;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;min-width:fit-content;"/> </p></td> <td colspan="2" style="background-color:rgba(0,0,0,0);word-break:break-word;white-space:pre-wrap;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;min-width:fit-content;">Weighted Average Useful Life</span></p></td> <td style="background-color:rgba(0,0,0,0);word-break:break-word;white-space:pre-wrap;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;min-width:fit-content;"/> </p></td> </tr> <tr style="height:8.0pt;"> <td style="background-color:rgba(0,0,0,0);word-break:break-word;white-space:pre-wrap;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;min-width:fit-content;"/> </p></td> <td colspan="2" style="background-color:rgba(0,0,0,0);word-break:break-word;white-space:pre-wrap;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;min-width:fit-content;">(in thousands)</span></p></td> <td style="background-color:rgba(0,0,0,0);word-break:break-word;white-space:pre-wrap;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;min-width:fit-content;"/> </p></td> <td style="background-color:rgba(0,0,0,0);word-break:break-word;white-space:pre-wrap;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;min-width:fit-content;"/> </p></td> <td colspan="2" style="background-color:rgba(0,0,0,0);word-break:break-word;white-space:pre-wrap;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;min-width:fit-content;">(in years)</span></p></td> <td style="background-color:rgba(0,0,0,0);word-break:break-word;white-space:pre-wrap;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;min-width:fit-content;"/> </p></td> </tr> <tr style="height:10.0pt;"> <td style="background-color:rgba(207,240,252,1);word-break:break-word;white-space:pre-wrap;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;min-width:fit-content;">Assets</span></p></td> <td colspan="2" style="background-color:rgba(207,240,252,1);word-break:break-word;white-space:pre-wrap;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;min-width:fit-content;"/> </p></td> <td style="background-color:rgba(207,240,252,1);word-break:break-word;white-space:pre-wrap;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;min-width:fit-content;"/> </p></td> <td style="background-color:rgba(207,240,252,1);word-break:break-word;white-space:pre-wrap;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;min-width:fit-content;"/> </p></td> <td colspan="2" style="background-color:rgba(207,240,252,1);word-break:break-word;white-space:pre-wrap;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;min-width:fit-content;"/> </p></td> <td style="background-color:rgba(207,240,252,1);word-break:break-word;white-space:pre-wrap;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;min-width:fit-content;"/> </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;white-space:pre-wrap;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;min-width:fit-content;">Trade name</span></p></td> <td style="background-color:rgba(0,0,0,0);word-break:break-word;white-space:nowrap;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);font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">$</span></p></td> <td style="background-color:rgba(0,0,0,0);word-break:break-word;white-space:pre-wrap;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;min-width:fit-content;">907</span></p></td> <td style="background-color:rgba(0,0,0,0);word-break:break-word;white-space:nowrap;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="font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;"/> </p></td> <td style="background-color:rgba(0,0,0,0);word-break:break-word;white-space:pre-wrap;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;min-width:fit-content;"/> </p></td> <td style="background-color:rgba(0,0,0,0);word-break:break-word;white-space:nowrap;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="font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;"/> </p></td> <td style="background-color:rgba(0,0,0,0);word-break:break-word;white-space:pre-wrap;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;min-width:fit-content;">5.00</span></span></p></td> <td style="background-color:rgba(0,0,0,0);word-break:break-word;white-space:nowrap;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="font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;"/> </p></td> </tr> </table>
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
CY2022Q2 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
50873000
CY2021Q4 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
40962000
CY2022Q2 us-gaap Inventory Net
InventoryNet
53528000
CY2021Q4 us-gaap Inventory Net
InventoryNet
42359000
CY2022Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
7934557000
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
8178346000
CY2022Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
5645186000
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
5846591000
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2289371000
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2331755000
CY2022Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
11767000
CY2022Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
4601000
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
7166000
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
CY2022Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
400000
CY2021Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3100000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
700000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
6300000
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
852323000
CY2022Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
300000
CY2022Q2 pten Accrued Salaries Wages Payroll Taxes And Benefits Current
AccruedSalariesWagesPayrollTaxesAndBenefitsCurrent
47445000
CY2021Q4 pten Accrued Salaries Wages Payroll Taxes And Benefits Current
AccruedSalariesWagesPayrollTaxesAndBenefitsCurrent
52252000
CY2022Q2 us-gaap Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
66734000
CY2021Q4 us-gaap Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
67921000
CY2022Q2 us-gaap Taxes Payable Current
TaxesPayableCurrent
14786000
CY2021Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
9673000
CY2022Q2 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
4437000
CY2021Q4 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
6494000
CY2022Q2 us-gaap Interest Payable Current
InterestPayableCurrent
11306000
CY2021Q4 us-gaap Interest Payable Current
InterestPayableCurrent
11226000
CY2022Q2 pten Accrued Restructuring Expense Current
AccruedRestructuringExpenseCurrent
2400000
CY2021Q4 pten Accrued Restructuring Expense Current
AccruedRestructuringExpenseCurrent
7884000
CY2022Q2 pten Accrued Customer Prepayment Current
AccruedCustomerPrepaymentCurrent
3409000
CY2021Q4 pten Accrued Customer Prepayment Current
AccruedCustomerPrepaymentCurrent
60282000
CY2022Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
38686000
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
22779000
CY2022Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
189203000
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
238511000
CY2022Q2 us-gaap Long Term Notes And Loans
LongTermNotesAndLoans
883755000
CY2021Q4 us-gaap Long Term Notes And Loans
LongTermNotesAndLoans
858755000
CY2022Q2 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
6016000
CY2021Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
6432000
CY2022Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
877739000
CY2021Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
300000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
500000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
500000
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
0
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
0
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
0
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
25000000
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
0
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
858755000
CY2022Q2 us-gaap Long Term Debt
LongTermDebt
883755000
CY2022Q2 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
65100000
CY2022Q2 us-gaap Purchase Commitment Remaining Minimum Amount Committed
PurchaseCommitmentRemainingMinimumAmountCommitted
97800000
CY2022Q2 us-gaap Unrecorded Unconditional Purchase Obligation Balance Sheet Amount
UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount
16100000
CY2022Q2 us-gaap Unrecorded Unconditional Purchase Obligation Due In Remainder Of Fiscal Year
UnrecordedUnconditionalPurchaseObligationDueInRemainderOfFiscalYear
4100000
CY2022Q2 us-gaap Unrecorded Unconditional Purchase Obligation Balance On First Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFirstAnniversary
9000000.0
CY2022Q2 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Second Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnSecondAnniversary
3000000.0
CY2021Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
84128995
CY2021Q4 us-gaap Treasury Stock Value
TreasuryStockValue
1372641000
pten Treasury Stock Share Other
TreasuryStockShareOther
3027
pten Treasury Stock Other
TreasuryStockOther
28000
CY2022Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3683000
CY2021Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
10361000
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
622238000
pten Release Of Cumulative Translation Adjustment
ReleaseOfCumulativeTranslationAdjustment
7700000
CY2022Q2 pten Release Of Cumulative Translation Adjustment
ReleaseOfCumulativeTranslationAdjustment
7700000
pten Tax Impact Changes In Deferred Tax Liabilities
TaxImpactChangesInDeferredTaxLiabilities
3800000
CY2022Q2 pten Tax Impact Changes In Deferred Tax Liabilities
TaxImpactChangesInDeferredTaxLiabilities
3800000
pten Release Of Cumulative Translation Adjustment Pre Tax Gain
ReleaseOfCumulativeTranslationAdjustmentPreTaxGain
11500000
CY2022Q2 pten Release Of Cumulative Translation Adjustment Pre Tax Gain
ReleaseOfCumulativeTranslationAdjustmentPreTaxGain
11500000
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
0
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
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
640000
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
16.20
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
100000
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
17.27
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2980150
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
22.07
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
2980150
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
22.07
CY2022Q2 us-gaap Assets
Assets
2959977000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
9982000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
10361000
CY2022Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.075
CY2021Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.134
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.647
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.150
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
21886000
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-103309000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-6891000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-209722000
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
216165000
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
188408000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
215718000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
188044000
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.10
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.55
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.03
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.12
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
21886000
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-103309000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-6891000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-209722000
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
216165000
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
188408000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
215718000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
188044000
CY2021Q4 us-gaap Assets
Assets
2957848000
CY2022Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
3511000
CY2021Q2 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
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
219676000
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
188408000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
215718000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
188044000
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.10
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.55
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.03
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.12
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
291774000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1131613000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
532703000
CY2022Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
14000
CY2021Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
20000
us-gaap Investment Income Interest
InvestmentIncomeInterest
29000
us-gaap Investment Income Interest
InvestmentIncomeInterest
159000
CY2022Q2 us-gaap Interest Expense
InterestExpense
10658000
CY2021Q2 us-gaap Interest Expense
InterestExpense
10704000
us-gaap Interest Expense
InterestExpense
21223000
us-gaap Interest Expense
InterestExpense
20713000
CY2022Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-2452000
CY2021Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
812000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-870000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
826000
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
23666000
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-119282000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-4183000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-246665000
CY2022Q2 pten Depreciation Depletion Amortization And Impairment
DepreciationDepletionAmortizationAndImpairment
121553000
CY2021Q2 pten Depreciation Depletion Amortization And Impairment
DepreciationDepletionAmortizationAndImpairment
144037000
pten Depreciation Depletion Amortization And Impairment
DepreciationDepletionAmortizationAndImpairment
238491000
pten Depreciation Depletion Amortization And Impairment
DepreciationDepletionAmortizationAndImpairment
296919000
CY2022Q2 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
96370000
CY2021Q2 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
38050000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
191198000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
56573000

Files In Submission

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0000950170-22-013869-index-headers.html Edgar Link pending
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0000950170-22-013869.txt Edgar Link pending
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