$PTEN
PATTERSON UTI ENERGY INC

2023 Q1 Form 10-K Financial Statement

#000095017023002618 Filed on February 13, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $791.8M $788.5M $2.648B
YoY Change 55.45% 69.02% 95.09%
Cost Of Revenue $512.7M $515.8M $1.847B
YoY Change 33.78% 36.14% 70.67%
Gross Profit $279.1M $272.7M $801.0M
YoY Change 121.26% 211.27% 191.15%
Gross Profit Margin 35.25% 34.58% 30.26%
Selling, General & Admin $30.57M $34.58M $116.6M
YoY Change 11.31% 52.28% 26.2%
% of Gross Profit 10.95% 12.68% 14.55%
Research & Development $136.0K $250.0K $992.0K
YoY Change -44.49% 0.0% -27.64%
% of Gross Profit 0.05% 0.09% 0.12%
Depreciation & Amortization $128.2M $123.3M $483.9M
YoY Change 9.61% -70.01% -43.01%
% of Gross Profit 45.92% 45.22% 60.41%
Operating Expenses $30.57M $157.9M $116.6M
YoY Change 11.31% -63.63% 26.2%
Operating Profit $126.0M $114.7M $211.0M
YoY Change -767.14% -133.11% -131.14%
Interest Expense $8.826M -$7.785M $40.26M
YoY Change -16.46% -26.25% -4.1%
% of Operating Profit 7.01% -6.78% 19.08%
Other Income/Expense, Net -$6.100M -$629.0K -$43.17M
YoY Change -31.98% -43.59% 2.71%
Pretax Income $119.9M $108.4M $167.9M
YoY Change -530.4% -129.1% -123.32%
Income Tax $20.19M $8.294M $13.20M
% Of Pretax Income 16.84% 7.65% 7.87%
Net Earnings $99.68M $100.1M $154.7M
YoY Change -446.38% -127.66% -123.63%
Net Earnings / Revenue 12.59% 12.69% 5.84%
Basic Earnings Per Share $0.47 $0.72
Diluted Earnings Per Share $0.46 $0.46 $0.70
COMMON SHARES
Basic Shares Outstanding 213.7M 216.8M 215.9K
Diluted Shares Outstanding 215.9M 219.5K

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $157.2M $137.6M $137.6M
YoY Change 225.75% 17.04% 17.04%
Cash & Equivalents $157.2M $137.6M $137.6M
Short-Term Investments
Other Short-Term Assets $64.21M $67.91M $67.91M
YoY Change 4.06% 0.43% 0.43%
Inventory $65.28M $58.04M $58.04M
Prepaid Expenses $7.923M $11.96M
Receivables $493.0M $565.5M $565.5M
Other Receivables $525.0K $399.0K $399.0K
Total Short-Term Assets $780.3M $829.4M $829.4M
YoY Change 46.42% 42.11% 42.11%
LONG-TERM ASSETS
Property, Plant & Equipment $2.253B $2.261B $2.281B
YoY Change -2.26% -3.05% -2.95%
Goodwill $0.00
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $10.53M $10.88M $27.14M
YoY Change -17.58% -1.57% 70.93%
Total Long-Term Assets $2.312B $2.314B $2.314B
YoY Change -1.87% -2.52% -2.52%
TOTAL ASSETS
Total Short-Term Assets $780.3M $829.4M $829.4M
Total Long-Term Assets $2.312B $2.314B $2.314B
Total Assets $3.092B $3.144B $3.144B
YoY Change 7.04% 6.29% 6.29%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $271.4M $237.1M $237.1M
YoY Change 31.26% 24.62% 24.62%
Accrued Expenses $204.0M $304.1M $199.1M
YoY Change 11.88% 27.52% -18.89%
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 $486.8M $551.0M $551.0M
YoY Change 22.88% 26.41% 26.41%
LONG-TERM LIABILITIES
Long-Term Debt $822.2M $830.9M $830.9M
YoY Change -3.56% -2.51% -2.51%
Other Long-Term Liabilities $44.58M $48.07M $67.66M
YoY Change 177.89% 274.25% 118.6%
Total Long-Term Liabilities $866.8M $879.0M $898.6M
YoY Change -0.21% 1.6% 1.73%
TOTAL LIABILITIES
Total Short-Term Liabilities $486.8M $551.0M $551.0M
Total Long-Term Liabilities $866.8M $879.0M $898.6M
Total Liabilities $1.419B $1.478B $1.478B
YoY Change 8.16% 9.64% 9.64%
SHAREHOLDERS EQUITY
Retained Earnings -$4.895M -$87.39M
YoY Change -97.92% -55.93%
Common Stock $3.205B $3.206B
YoY Change 0.82% 0.99%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.527B $1.453B
YoY Change 11.27% 5.86%
Treasury Stock Shares $94.39M $88.76M
Shareholders Equity $1.673B $1.666B $1.666B
YoY Change
Total Liabilities & Shareholders Equity $3.092B $3.144B $3.144B
YoY Change 7.04% 6.29% 6.29%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $99.68M $100.1M $154.7M
YoY Change -446.38% -127.66% -123.63%
Depreciation, Depletion And Amortization $128.2M $123.3M $483.9M
YoY Change 9.61% -70.01% -43.01%
Cash From Operating Activities $234.3M $302.9M $566.2M
YoY Change 595.93% 590.1% 492.89%
INVESTING ACTIVITIES
Capital Expenditures $117.6M $119.2M $436.8M
YoY Change 24.02% -257.97% 162.62%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities $1.256M $5.669M $23.57M
YoY Change -13.97% -60.94% -32.13%
Cash From Investing Activities -$116.3M -$113.6M -$413.2M
YoY Change 24.61% 86.28% 214.02%
FINANCING ACTIVITIES
Cash Dividend Paid $16.92M $43.10M
YoY Change 96.45% 176.17%
Common Stock Issuance & Retirement, Net $70.07M
YoY Change 1007.3%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -98.34M -94.55M -133.4M
YoY Change 1040.29% 65.71% 85.42%
NET CHANGE
Cash From Operating Activities 234.3M 302.9M 566.2M
Cash From Investing Activities -116.3M -113.6M -413.2M
Cash From Financing Activities -98.34M -94.55M -133.4M
Net Change In Cash 19.67M 94.82M 20.03M
YoY Change -128.39% -227.91% -118.65%
FREE CASH FLOW
Cash From Operating Activities $234.3M $302.9M $566.2M
Capital Expenditures $117.6M $119.2M $436.8M
Free Cash Flow $116.7M $183.7M $129.4M
YoY Change -290.91% 53.87% -282.69%

Facts In Submission

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Patterson-UTI Energy, Inc.
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10713 W. Sam Houston Pkwy N
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Common Stock, $0.01 Par Value
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PricewaterhouseCoopers LLP
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CY2020 us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
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CY2020 us-gaap Increase Decrease In Inventories And Other Operating Assets
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CY2021 pten Increase Decrease In Payables Related To Purchases Of Property And Equipment
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CY2022 pten Noncash Or Part Noncash Acquisition Noncash Financial Or Equity Instrument Consideration Shares Issued Value
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CY2020 pten Net Decrease Increase In Deposits On Equipment Purchases
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CY2022 pten Cashless Exercise Of Stock Options
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CY2022 pten Tax Impact Changes In Deferred Tax Liabilities
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CY2022 pten Release Of Cumulative Translation Adjustment Pre Tax Gain
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CY2022 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:&quot;Times New Roman&quot;, serif;font-style:italic;min-width:fit-content;">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:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> — The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from such estimates</span>
CY2022Q4 pten Reimbursement Of Workers Compensation Insurance Claims Included In Other Current Assets
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CY2022 us-gaap Impairment Of Oil And Gas Properties
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CY2021 us-gaap Impairment Of Oil And Gas Properties
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CY2020 us-gaap Impairment Of Oil And Gas Properties
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CY2021 us-gaap Depletion
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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
CY2022 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
87500000
CY2022 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
59700000
CY2022Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
830000000
CY2022Q4 us-gaap Revenue Remaining Performance Obligation Percentage
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0.32
CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-1500000
CY2022 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
5600000
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
CY2022 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
5618000
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
2875000
CY2020 us-gaap Depletion
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6686000
CY2022 pten Depreciation Depletion Amortization And Impairment
DepreciationDepletionAmortizationAndImpairment
483945000
CY2021 pten Depreciation Depletion Amortization And Impairment
DepreciationDepletionAmortizationAndImpairment
849178000
CY2020 pten Depreciation Depletion Amortization And Impairment
DepreciationDepletionAmortizationAndImpairment
670910000
CY2022 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0
CY2022Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
28000
CY2021Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
515000
CY2022Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
2341000
CY2021Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
882000
CY2022Q4 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
55669000
CY2021Q4 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
40962000
CY2022Q4 us-gaap Inventory Net
InventoryNet
58038000
CY2021Q4 us-gaap Inventory Net
InventoryNet
42359000
CY2021 us-gaap Inventory Write Down
InventoryWriteDown
4000000.0
CY2022 us-gaap Inventory Write Down
InventoryWriteDown
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CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
7986077000
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
8178346000
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
5725501000
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
5846591000
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2260576000
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2331755000
CY2022 pten Depreciation And Impairment Losses
DepreciationAndImpairmentLosses
472969000
CY2021 pten Depreciation And Impairment Losses
DepreciationAndImpairmentLosses
818999000
CY2020 pten Depreciation And Impairment Losses
DepreciationAndImpairmentLosses
644943000
CY2022 pten Amortization Expense Of Intangible Assets Net Of Intangible Liabilities
AmortizationExpenseOfIntangibleAssetsNetOfIntangibleLiabilities
2891000
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
CY2022 us-gaap Depletion
Depletion
8085000
CY2021 us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
11400000
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
11022000
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
5177000
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
5845000
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
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1300000
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
24000000.0
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
19300000
CY2021 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
11400000
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
1454000
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
1454000
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
1269000
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
777000
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
777000
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
114000
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
5845000
CY2022Q4 pten Accrued Salaries Wages Payroll Taxes And Benefits Current
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73308000
CY2021Q4 pten Accrued Salaries Wages Payroll Taxes And Benefits Current
AccruedSalariesWagesPayrollTaxesAndBenefitsCurrent
52252000
CY2022Q4 us-gaap Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
67853000
CY2021Q4 us-gaap Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
67921000
CY2022Q4 us-gaap Taxes Payable Current
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10119000
CY2021Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
9673000
CY2022Q4 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
3644000
CY2021Q4 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
6494000
CY2022Q4 us-gaap Interest Payable Current
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10522000
CY2022Q4 pten Accrued Restructuring Expense Current
AccruedRestructuringExpenseCurrent
0
CY2021Q4 pten Accrued Restructuring Expense Current
AccruedRestructuringExpenseCurrent
7884000
CY2022Q4 pten Accrued Customer Prepayment Current
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110215000
CY2021Q4 pten Accrued Customer Prepayment Current
AccruedCustomerPrepaymentCurrent
60282000
CY2022Q4 us-gaap Other Accrued Liabilities Current
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28482000
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
22779000
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
304143000
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
238511000
CY2022Q4 us-gaap Long Term Notes And Loans
LongTermNotesAndLoans
836405000
CY2021Q4 us-gaap Long Term Notes And Loans
LongTermNotesAndLoans
858755000
CY2022Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
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5468000
CY2021Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
6432000
CY2022Q4 us-gaap Long Term Debt Noncurrent
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830937000
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
852323000
CY2018Q1 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
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50000000
CY2022 us-gaap Amortization Of Financing Costs
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1000000.0
CY2021 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1000000.0
CY2020 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1100000
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
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0
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
0
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
0
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
0
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
0
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
836405000
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
836405000
CY2022Q4 us-gaap Letters Of Credit Outstanding Amount
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65000000.0
CY2022Q4 us-gaap Purchase Commitment Remaining Minimum Amount Committed
PurchaseCommitmentRemainingMinimumAmountCommitted
130000000
CY2022Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance Sheet Amount
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25600000
CY2022Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On First Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFirstAnniversary
22600000
CY2022Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Second Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnSecondAnniversary
3000000.0
CY2021Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
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CY2021Q4 us-gaap Treasury Stock Value
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1372641000
CY2020Q4 us-gaap Treasury Stock Shares
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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
CY2022 pten Treasury Stock Share Other
TreasuryStockShareOther
3027
CY2022 pten Treasury Stock Other
TreasuryStockOther
28000
CY2022Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
88758722
CY2022Q4 us-gaap Treasury Stock Value
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1453079000
CY2021Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
84128995
CY2021Q4 us-gaap Treasury Stock Value
TreasuryStockValue
1372641000
CY2020Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
83402322
CY2020Q4 us-gaap Treasury Stock Value
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1366313000
CY2022 pten Tax Impact Changes In Deferred Tax Liabilities
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3800000
CY2022 pten Release Of Cumulative Translation Adjustment Pre Tax Gain
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11500000
CY2021 us-gaap Allocated Share Based Compensation Expense
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750000000
CY2021 pten Compensation Expense Foregoing Limit
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1000000
CY2022 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
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
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20.93
CY2022 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
640000
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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16.20
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
175000
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
17.37
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2905150
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
22.19
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
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2905150
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
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22.19
CY2022 pten Share Based Compensation Arrangement By Share Based Payment Award Grant Date Fair Value Of Options Vested
ShareBasedCompensationArrangementByShareBasedPaymentAwardGrantDateFairValueOfOptionsVested
0
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
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
410000
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
0
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
0
CY2022Q4 pten Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedAndExpectedToVestOutstandingNumber
3200000
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
5664000
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
4984000
CY2020 us-gaap Operating Lease Cost
OperatingLeaseCost
6911000
CY2022 us-gaap Short Term Lease Cost
ShortTermLeaseCost
0
CY2021 us-gaap Short Term Lease Cost
ShortTermLeaseCost
41000
CY2020 us-gaap Short Term Lease Cost
ShortTermLeaseCost
2000
CY2022 us-gaap Lease Cost
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5664000
CY2021 us-gaap Lease Cost
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5025000
CY2020 us-gaap Lease Cost
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6913000
CY2022 us-gaap Operating Lease Payments
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6858000
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
7323000
CY2020 us-gaap Operating Lease Payments
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11576000
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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6530000
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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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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CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P6Y1M6D
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P4Y9M18D
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
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CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
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CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
5928000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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5114000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
4432000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
3785000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
3144000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
5848000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
28251000
CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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3534000
CY2022Q4 us-gaap Operating Lease Liability
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24717000
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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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
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CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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2000000
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
CY2022 us-gaap Current Federal Tax Expense Benefit
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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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CY2022 us-gaap Deferred Federal Income 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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CY2022 us-gaap Federal Income Tax Expense Benefit Continuing Operations
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CY2022 us-gaap Current State And Local Tax Expense Benefit
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CY2021 us-gaap Current State And Local Tax Expense Benefit
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CY2020 us-gaap Current State And Local Tax Expense Benefit
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CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
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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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CY2022 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
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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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CY2022 us-gaap Current Foreign Tax Expense Benefit
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CY2021 us-gaap Current Foreign Tax Expense Benefit
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CY2020 us-gaap Current Foreign Tax Expense Benefit
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CY2022 us-gaap Deferred Foreign Income Tax Expense Benefit
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403000
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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CY2022 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
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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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CY2022 us-gaap Current Income Tax Expense Benefit
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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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CY2022 pten Deferred Income Tax Expenses Benefit Cash
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7327000
CY2021 pten Deferred Income Tax Expenses Benefit Cash
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CY2020 pten Deferred Income Tax Expenses Benefit Cash
DeferredIncomeTaxExpensesBenefitCash
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CY2022 us-gaap Income Tax Expense Benefit
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13204000
CY2021 us-gaap Income Tax Expense Benefit
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CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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