$PTEN
PATTERSON UTI ENERGY INC

2015 Q4 Form 10-Q Financial Statement

#000156459015008753 Filed on October 28, 2015

View on sec.gov

Income Statement

Concept 2015 Q4 2015 Q3 2014 Q4
Revenue $338.6M $422.3M $901.2M
YoY Change -62.43% -50.07% 36.8%
Cost Of Revenue $226.8M $277.8M $599.3M
YoY Change -62.16% -50.61% 40.65%
Gross Profit $111.7M $144.4M $301.9M
YoY Change -63.0% -48.99% 29.74%
Gross Profit Margin 32.99% 34.2% 33.5%
Selling, General & Admin $16.60M $18.58M $22.00M
YoY Change -24.55% -1.66% 18.28%
% of Gross Profit 14.86% 12.87% 7.29%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $175.3M $332.2M $180.1M
YoY Change -2.67% 39.64% -1.64%
% of Gross Profit 156.94% 230.06% 59.66%
Operating Expenses $191.9M $18.58M $202.2M
YoY Change -5.09% -1.66% 0.25%
Operating Profit -$76.80M -$329.5M $106.8M
YoY Change -171.88% -1187.83% 244.62%
Interest Expense -$9.400M $9.254M -$8.000M
YoY Change 17.5% 32.33% 15.94%
% of Operating Profit -7.49%
Other Income/Expense, Net $0.00 -$8.915M $0.00
YoY Change 31.9% -100.0%
Pretax Income -$86.20M -$338.4M $98.80M
YoY Change -187.25% -1538.17% 278.54%
Income Tax -$27.50M -$112.5M $41.20M
% Of Pretax Income 41.7%
Net Earnings -$58.66M -$226.0M $57.58M
YoY Change -201.87% -1514.48% 246.89%
Net Earnings / Revenue -17.33% -53.52% 6.39%
Basic Earnings Per Share -$0.40 -$1.54 $0.39
Diluted Earnings Per Share -$0.40 -$1.54 $0.39
COMMON SHARES
Basic Shares Outstanding 147.2M 145.7M
Diluted Shares Outstanding 145.7M

Balance Sheet

Concept 2015 Q4 2015 Q3 2014 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $113.3M $76.50M $43.00M
YoY Change 163.49% 98.19% -82.77%
Cash & Equivalents $113.3M $76.47M $43.01M
Short-Term Investments
Other Short-Term Assets $40.23M $41.38M $51.62M
YoY Change -22.08% -24.27% -3.37%
Inventory $14.72M $17.42M $32.25M
Prepaid Expenses
Receivables $219.7M $301.7M $663.4M
Other Receivables $33.40M $31.00M $81.70M
Total Short-Term Assets $486.5M $505.7M $909.1M
YoY Change -46.48% -32.4% 12.42%
LONG-TERM ASSETS
Property, Plant & Equipment $3.921B $4.023B $4.131B
YoY Change -5.09% 2.97% 13.63%
Goodwill $86.23M $86.23M $210.8M
YoY Change -59.09% -49.06% 37.05%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $7.264M $19.84M $20.66M
YoY Change -64.83% -2.78% -9.82%
Total Long-Term Assets $3.979B $4.172B $4.482B
YoY Change -11.23% -1.13% 15.56%
TOTAL ASSETS
Total Short-Term Assets $486.5M $505.7M $909.1M
Total Long-Term Assets $3.979B $4.172B $4.482B
Total Assets $4.465B $4.678B $5.391B
YoY Change -17.17% -5.84% 15.02%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $82.77M $165.5M $382.4M
YoY Change -78.36% -55.27% 120.87%
Accrued Expenses $161.6M $180.5M $173.5M
YoY Change -6.83% -1.3% 8.11%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $63.30M $50.00M $12.50M
YoY Change 406.4% 400.0% 25.0%
Total Short-Term Liabilities $307.6M $396.1M $568.4M
YoY Change -45.88% -32.57% 60.44%
LONG-TERM LIABILITIES
Long-Term Debt $787.9M $815.0M $973.0M
YoY Change -19.02% 20.74% 42.56%
Other Long-Term Liabilities $9.000M $9.829M $11.14M
YoY Change -19.19% -2.06% 71.63%
Total Long-Term Liabilities $787.9M $9.829M $11.14M
YoY Change 6974.62% -98.57% -98.38%
TOTAL LIABILITIES
Total Short-Term Liabilities $307.6M $396.1M $568.4M
Total Long-Term Liabilities $787.9M $9.829M $11.14M
Total Liabilities $1.968B $2.047B $2.488B
YoY Change -20.89% -2.93% 28.85%
SHAREHOLDERS EQUITY
Retained Earnings $2.532B $2.812B
YoY Change -8.56% 3.86%
Common Stock $1.012B $1.008B $986.6M
YoY Change 2.56% 53188.05% 52799.03%
Preferred Stock
YoY Change
Treasury Stock (at cost) $907.0M $907.0M $899.0M
YoY Change 0.89% 0.89% 2.06%
Treasury Stock Shares $43.21M $43.21M $42.82M
Shareholders Equity $2.561B $2.631B $2.906B
YoY Change
Total Liabilities & Shareholders Equity $4.529B $4.678B $5.394B
YoY Change -16.03% -5.84% 15.08%

Cashflow Statement

Concept 2015 Q4 2015 Q3 2014 Q4
OPERATING ACTIVITIES
Net Income -$58.66M -$226.0M $57.58M
YoY Change -201.87% -1514.48% 246.89%
Depreciation, Depletion And Amortization $175.3M $332.2M $180.1M
YoY Change -2.67% 39.64% -1.64%
Cash From Operating Activities $193.4M $165.3M $162.4M
YoY Change 19.09% -19.8% -30.06%
INVESTING ACTIVITIES
Capital Expenditures -$135.6M -$144.6M -$278.5M
YoY Change -51.31% -49.41% 55.41%
Acquisitions
YoY Change
Other Investing Activities $4.900M $5.200M -$165.6M
YoY Change -102.96% -30.67% -7985.71%
Cash From Investing Activities -$130.7M -$139.4M -$444.1M
YoY Change -70.57% -49.91% 150.76%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -25.20M -22.90M 286.0M
YoY Change -108.81% 169.41% -3018.37%
NET CHANGE
Cash From Operating Activities 193.4M 165.3M 162.4M
Cash From Investing Activities -130.7M -139.4M -444.1M
Cash From Financing Activities -25.20M -22.90M 286.0M
Net Change In Cash 37.50M 3.000M 4.300M
YoY Change 772.09% -103.72% -90.51%
FREE CASH FLOW
Cash From Operating Activities $193.4M $165.3M $162.4M
Capital Expenditures -$135.6M -$144.6M -$278.5M
Free Cash Flow $329.0M $309.9M $440.9M
YoY Change -25.38% -37.0% 7.17%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
CY2014Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
3546000
CY2014Q4 us-gaap Treasury Stock Value
TreasuryStockValue
899035000
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2015
CY2014Q3 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
3870000
dei Entity Central Index Key
EntityCentralIndexKey
0000889900
CY2015Q3 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
37809000
us-gaap Oil And Gas Production Expense
OilAndGasProductionExpense
8096000
pten Contract Drilling Expenses
ContractDrillingExpenses
503376000
pten Contract Drilling Expenses
ContractDrillingExpenses
784572000
CY2015Q3 us-gaap Other Long Term Debt Noncurrent
OtherLongTermDebtNoncurrent
815000000
CY2014Q4 us-gaap Other Long Term Debt Noncurrent
OtherLongTermDebtNoncurrent
670000000
CY2015Q3 pten Pressure Pumping Operating Cost
PressurePumpingOperatingCost
138597000
pten Pressure Pumping Operating Cost
PressurePumpingOperatingCost
494078000
CY2015Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-338430000
pten Pressure Pumping Operating Cost
PressurePumpingOperatingCost
722801000
CY2015Q3 us-gaap Oil And Gas Production Expense
OilAndGasProductionExpense
2519000
CY2014Q3 us-gaap Oil And Gas Production Expense
OilAndGasProductionExpense
3275000
us-gaap Oil And Gas Production Expense
OilAndGasProductionExpense
9421000
CY2015Q3 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
1362000
CY2014Q3 pten Pressure Pumping Operating Cost
PressurePumpingOperatingCost
281016000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
16000
CY2015Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-8915000
us-gaap Exploration Abandonment And Impairment Expense
ExplorationAbandonmentAndImpairmentExpense
159000
us-gaap Share Based Compensation
ShareBasedCompensation
21186000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
143039000
CY2015Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4023199000
dei Document Type
DocumentType
10-Q
CY2015Q3 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
93520000
CY2014Q4 us-gaap Liabilities Current
LiabilitiesCurrent
568404000
CY2015Q3 us-gaap Deposits Assets Noncurrent
DepositsAssetsNoncurrent
35863000
dei Amendment Flag
AmendmentFlag
false
CY2015Q3 us-gaap Liabilities Current
LiabilitiesCurrent
396077000
dei Document Period End Date
DocumentPeriodEndDate
2015-09-30
CY2014Q4 us-gaap Inventory Net
InventoryNet
32251000
dei Trading Symbol
TradingSymbol
PTEN
CY2015Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
147178930
CY2014Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
663404000
CY2014Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2014Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000
CY2015Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
76465000
CY2015Q3 us-gaap Inventory Net
InventoryNet
17422000
CY2014Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
81726000
CY2015Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
301710000
CY2015Q3 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
30952000
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-26104000
dei Entity Registrant Name
EntityRegistrantName
PATTERSON UTI ENERGY INC
CY2014Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
23532000
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-20809000
CY2014Q4 us-gaap Assets
Assets
5394011000
CY2014Q4 us-gaap Assets Current
AssetsCurrent
909092000
CY2014Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
382438000
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2014Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
20656000
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-3766000
us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
0
CY2014Q3 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
0
CY2014Q3 us-gaap Net Income Loss
NetIncomeLoss
15976000
CY2015Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2014Q4 us-gaap Long Term Line Of Credit
LongTermLineOfCredit
303000000
CY2015Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
2531923000
CY2015Q3 us-gaap Liabilities
Liabilities
2047069000
CY2014Q4 us-gaap Liabilities
Liabilities
2488201000
CY2014Q4 us-gaap Preferred Stock Value
PreferredStockValue
CY2014Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
5394011000
CY2015Q3 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
826163000
CY2015Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
3537000
CY2015Q3 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
1006306000
CY2014Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
11137000
CY2014Q4 us-gaap Common Stock Value
CommonStockValue
1893000
CY2014Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
984674000
CY2015Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
9829000
CY2014Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
935660000
CY2015Q3 us-gaap Preferred Stock Value
PreferredStockValue
CY2014Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
2811815000
CY2014Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
6463000
CY2015Q3 us-gaap Treasury Stock Value
TreasuryStockValue
907045000
CY2015Q3 us-gaap Stockholders Equity
StockholdersEquity
2631097000
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
2905810000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
50403000
us-gaap Net Income Loss
NetIncomeLoss
-235828000
CY2015Q3 us-gaap Net Income Loss
NetIncomeLoss
-225978000
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.71
CY2015Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.54
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.72
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
143778000
CY2015Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.54
CY2015Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-112452000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
145317000
CY2015Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
145662000
CY2014Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.11
CY2014Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
144798000
us-gaap Net Income Loss
NetIncomeLoss
105081000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-120452000
CY2014Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7556000
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.61
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.61
CY2014Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.11
CY2015Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
19843000
CY2015Q3 us-gaap Assets
Assets
4678166000
CY2015Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2015Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000
CY2015Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2015Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2015Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
165547000
CY2015Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
180530000
CY2014Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-4899000
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-8454000
CY2015Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-228887000
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.30
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-244282000
us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
0
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.30
CY2014Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2015Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
190387622
CY2014Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
189262876
CY2015Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
147180382
CY2014Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
146444291
CY2015Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
43207240
CY2014Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
42818585
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
70595000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
58117000
CY2015Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.10
CY2014Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2015Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
300000000
CY2014Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.10
CY2014Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
300000000
CY2014Q4 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
37075000
CY2014Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
173466000
CY2015Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
4678166000
CY2015Q3 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
124561000
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
124561000
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
7276000
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
8705000
CY2014Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-6759000
us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
pten Stock Issued Or Vested During Period Value Stock Awards
StockIssuedOrVestedDuringPeriodValueStockAwards
us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
1000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
21186000
us-gaap Adjustment To Additional Paid In Capital Income Tax Effect From Share Based Compensation Net
AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet
458000
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
8010000
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
us-gaap Exploration Abandonment And Impairment Expense
ExplorationAbandonmentAndImpairmentExpense
337000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-359304000
us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
52037000
us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
13701000
us-gaap Increase Decrease In Inventories And Other Operating Assets
IncreaseDecreaseInInventoriesAndOtherOperatingAssets
6419000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
71865000
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
7274000
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
22414000
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-1443000
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
3410000
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
806039000
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
566333000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
608220000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
773791000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
15920000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
22499000
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-592300000
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-751292000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
8010000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
13554000
us-gaap Payments Of Dividends
PaymentsOfDividends
44064000
us-gaap Payments Of Dividends
PaymentsOfDividends
43652000
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
458000
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
8682000
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
1979000
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
200000000
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
17500000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
7500000
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
54000000
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
357000000
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
30726000
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-174095000
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-25298000
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-6191000
CY2014Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
43012000
CY2015Q3 us-gaap Other Assets Current
OtherAssetsCurrent
41383000
CY2014Q4 us-gaap Other Assets Current
OtherAssetsCurrent
51624000
CY2015Q3 us-gaap Assets Current
AssetsCurrent
505741000
CY2014Q3 us-gaap Interest Expense
InterestExpense
6993000
us-gaap Interest Expense
InterestExpense
27044000
CY2015Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
16000
us-gaap Costs And Expenses
CostsAndExpenses
2104779000
CY2014Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
234000
us-gaap Investment Income Interest
InvestmentIncomeInterest
924000
us-gaap Investment Income Interest
InvestmentIncomeInterest
618000
CY2015Q3 us-gaap Interest Expense
InterestExpense
9254000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-356280000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
155484000
us-gaap Costs And Expenses
CostsAndExpenses
1882887000
CY2015Q3 pten Depreciation Depletion Amortization And Impairment
DepreciationDepletionAmortizationAndImpairment
332151000
CY2015Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-329515000
CY2014Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
30291000
CY2014Q3 pten Depreciation Depletion Amortization And Impairment
DepreciationDepletionAmortizationAndImpairment
237825000
pten Depreciation Depletion Amortization And Impairment
DepreciationDepletionAmortizationAndImpairment
689457000
us-gaap Operating Income Loss
OperatingIncomeLoss
-330176000
us-gaap Operating Income Loss
OperatingIncomeLoss
176293000
CY2015Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
323000
CY2014Q3 us-gaap Sales Revenue Net
SalesRevenueNet
845628000
pten Depreciation Depletion Amortization And Impairment
DepreciationDepletionAmortizationAndImpairment
538573000
CY2015Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
18582000
CY2014Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
18896000
us-gaap Sales Revenue Net
SalesRevenueNet
2281072000
us-gaap Interest Expense
InterestExpense
21430000
CY2015Q3 us-gaap Costs And Expenses
CostsAndExpenses
751766000
CY2014Q3 us-gaap Costs And Expenses
CostsAndExpenses
815337000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
3000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-50830000
CY2015Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
145662000
CY2014Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4131071000
CY2014Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
220813000
CY2014Q4 us-gaap Deposits Assets Noncurrent
DepositsAssetsNoncurrent
112379000
CY2015Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
50000000
CY2014Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
146991000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
145317000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
146101000
CY2015Q3 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-42446000
CY2014Q3 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
48618000
us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-10221000
us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
101233000
CY2015Q3 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-70006000
CY2014Q3 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-41062000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-110231000
CY2014Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
11077000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
101315000
CY2015Q3 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
0
CY2015Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-2909000
CY2015Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-1991000
us-gaap Sales Revenue Net
SalesRevenueNet
1552711000
CY2015Q3 pten Contract Drilling Expenses
ContractDrillingExpenses
136718000
CY2014Q3 pten Contract Drilling Expenses
ContractDrillingExpenses
278195000
CY2015Q3 us-gaap Sales Revenue Net
SalesRevenueNet
422251000
CY2014Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
12500000
CY2014Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2015Q3 us-gaap Common Stock Value
CommonStockValue
1904000
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
44064000
us-gaap Share Based Compensation
ShareBasedCompensation
19945000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
600000
CY2015Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
6307250
us-gaap Increase Decrease In Inventories And Other Operating Assets
IncreaseDecreaseInInventoriesAndOtherOperatingAssets
-27579000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-120740000
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-658000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
33453000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-210915000
CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
249509000
CY2014Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
38594000
us-gaap Interest Paid Net
InterestPaidNet
18734000
us-gaap Interest Paid Net
InterestPaidNet
13678000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
63785000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-74252000
pten Increase Decrease In Payables Related To Purchases Of Property And Equipment
IncreaseDecreaseInPayablesRelatedToPurchasesOfPropertyAndEquipment
-95371000
pten Increase Decrease In Payables Related To Purchases Of Property And Equipment
IncreaseDecreaseInPayablesRelatedToPurchasesOfPropertyAndEquipment
125271000
pten Net Decrease Increase In Deposits On Equipment Purchases
NetDecreaseIncreaseInDepositsOnEquipmentPurchases
76516000
pten Net Decrease Increase In Deposits On Equipment Purchases
NetDecreaseIncreaseInDepositsOnEquipmentPurchases
-59728000
us-gaap Interest Paid Capitalized
InterestPaidCapitalized
4946000
us-gaap Interest Paid Capitalized
InterestPaidCapitalized
5268000
CY2015Q3 pten Income Loss From Continuing Operations Allocable To Non Vested Restricted Shares
IncomeLossFromContinuingOperationsAllocableToNonVestedRestrictedShares
2359000
CY2014Q3 pten Income Loss From Continuing Operations Allocable To Non Vested Restricted Shares
IncomeLossFromContinuingOperationsAllocableToNonVestedRestrictedShares
-160000
pten Income Loss From Continuing Operations Allocable To Non Vested Restricted Shares
IncomeLossFromContinuingOperationsAllocableToNonVestedRestrictedShares
2436000
pten Income Loss From Continuing Operations Allocable To Non Vested Restricted Shares
IncomeLossFromContinuingOperationsAllocableToNonVestedRestrictedShares
-1074000
CY2015Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-223619000
CY2014Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
15816000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-233392000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
104007000
CY2015Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-223619000
CY2014Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
15816000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-233392000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
104007000
CY2015Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
CY2014Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2193000
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2323000
CY2015Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
7840000
CY2014Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
442000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
7840000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
473000
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
6086250
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
831000
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
10000
CY2015Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
5134697
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
22.32
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
20.06
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
16.59
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
26.06
CY2015Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
21.68
CY2015Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
21.39
CY2015Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
7274316000
CY2014Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
6971631000
CY2015Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3251117000
CY2014Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2840560000
CY2015Q3 pten Expected Cash Flows From Backlog Of Commitments For Contract Drilling Revenues
ExpectedCashFlowsFromBacklogOfCommitmentsForContractDrillingRevenues
801000000
CY2015Q1 pten Average Oil Price Per Barrel
AverageOilPricePerBarrel
48.54
CY2015Q1 pten Average Oil Price Per Barrel
AverageOilPricePerBarrel
43.39
CY2015Q2 pten Average Oil Price Per Barrel
AverageOilPricePerBarrel
57.85
CY2015Q3 pten Average Oil Price Per Barrel
AverageOilPricePerBarrel
46.42
CY2015Q3 pten Average Oil Price Per Barrel
AverageOilPricePerBarrel
38.22
us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
9300000
CY2015Q3 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
1900000
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3
CY2014Q4 us-gaap Goodwill
Goodwill
210795000
us-gaap Goodwill Period Increase Decrease
GoodwillPeriodIncreaseDecrease
-124561000
CY2015Q3 us-gaap Goodwill
Goodwill
86234000
CY2015Q3 pten Accrued Salaries Wages Payroll Taxes And Benefits Current
AccruedSalariesWagesPayrollTaxesAndBenefitsCurrent
35447000
CY2014Q4 pten Accrued Salaries Wages Payroll Taxes And Benefits Current
AccruedSalariesWagesPayrollTaxesAndBenefitsCurrent
52956000
CY2015Q3 us-gaap Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
74468000
CY2014Q4 us-gaap Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
77348000
CY2015Q3 us-gaap Taxes Payable Current
TaxesPayableCurrent
11873000
CY2014Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
11644000
CY2015Q3 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
13234000
CY2014Q4 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
9632000
CY2015Q3 us-gaap Interest Payable Current
InterestPayableCurrent
13701000
CY2014Q4 us-gaap Interest Payable Current
InterestPayableCurrent
7427000
CY2015Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
31807000
CY2014Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
14459000
CY2014Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
5301000
CY2013Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
4837000
us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
322000
us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
411000
us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
118000
us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
68000
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
129000
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
126000
us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
19000
CY2015Q3 us-gaap Asset Retirement Obligation
AssetRetirementObligation
5634000
CY2014Q3 us-gaap Asset Retirement Obligation
AssetRetirementObligation
5325000
CY2015Q3 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
746000
CY2014Q3 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
547000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2000000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1600000
CY2015Q3 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
10000000
CY2015Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
63750000
CY2015Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
191250000
CY2015Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
CY2015Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
CY2015Q3 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
600000000
CY2015Q3 us-gaap Long Term Debt
LongTermDebt
865000000
CY2015Q3 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
41300000
pten Amount Drawn From Letter Of Credit
AmountDrawnFromLetterOfCredit
0
CY2015Q3 us-gaap Purchase Commitment Remaining Minimum Amount Committed
PurchaseCommitmentRemainingMinimumAmountCommitted
114000000
CY2015Q3 us-gaap Unrecorded Unconditional Purchase Obligation Balance Sheet Amount
UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount
55400000
CY2015Q3 us-gaap Unrecorded Unconditional Purchase Obligation Due In Remainder Of Fiscal Year
UnrecordedUnconditionalPurchaseObligationDueInRemainderOfFiscalYear
1800000
CY2015Q1 us-gaap Litigation Settlement Amount
LitigationSettlementAmount
12300000
CY2015Q3 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
187000000
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.338
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.324
pten Domestic Production Activities Deduction
DomesticProductionActivitiesDeduction
0.09
CY2015Q3 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
851144000
CY2014Q4 us-gaap Long Term Debt
LongTermDebt
985500000
CY2014Q4 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
943019000

Files In Submission

Name View Source Status
0001564590-15-008753-index-headers.html Edgar Link pending
0001564590-15-008753-index.html Edgar Link pending
0001564590-15-008753.txt Edgar Link pending
0001564590-15-008753-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
pten-10q_20150930.htm Edgar Link pending
pten-20150930.xml Edgar Link completed
pten-20150930.xsd Edgar Link pending
pten-20150930_cal.xml Edgar Link unprocessable
pten-20150930_def.xml Edgar Link unprocessable
pten-20150930_lab.xml Edgar Link unprocessable
pten-20150930_pre.xml Edgar Link unprocessable
pten-ex101_337.htm Edgar Link pending
pten-ex102_338.htm Edgar Link pending
pten-ex311_7.htm Edgar Link pending
pten-ex312_8.htm Edgar Link pending
pten-ex321_6.htm Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending