$PTEN
PATTERSON UTI ENERGY INC

2017 Q2 Form 10-Q Financial Statement

#000156459017015708 Filed on August 04, 2017

View on sec.gov

Income Statement

Concept 2017 Q2 2016 Q2
Revenue $579.2M $193.9M
YoY Change 198.69% -58.98%
Cost Of Revenue $427.2M $135.0M
YoY Change 216.44% -54.91%
Gross Profit $152.0M $58.90M
YoY Change 158.06% -66.03%
Gross Profit Margin 26.24% 30.38%
Selling, General & Admin $23.50M $17.10M
YoY Change 37.43% -10.94%
% of Gross Profit 15.46% 29.03%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $219.3M $170.9M
YoY Change 28.32% -6.05%
% of Gross Profit 144.28% 290.15%
Operating Expenses $241.0M $183.2M
YoY Change 31.55% -8.9%
Operating Profit -$140.2M -$124.3M
YoY Change 12.79% 402.07%
Interest Expense $9.075M -$10.60M
YoY Change -185.61% 19.1%
% of Operating Profit
Other Income/Expense, Net -$8.302M $0.00
YoY Change
Pretax Income -$148.5M -$134.9M
YoY Change 10.11% 300.36%
Income Tax -$56.40M -$49.00M
% Of Pretax Income
Net Earnings -$92.18M -$85.87M
YoY Change 7.36% 352.52%
Net Earnings / Revenue -15.92% -44.28%
Basic Earnings Per Share -$0.46 -$0.58
Diluted Earnings Per Share -$0.46 -$0.58
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2017 Q2 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $40.10M $209.6M
YoY Change -80.87% 173.99%
Cash & Equivalents $40.13M $209.6M
Short-Term Investments
Other Short-Term Assets $58.50M $69.30M
YoY Change -15.58% -18.18%
Inventory $36.10M $11.50M
Prepaid Expenses
Receivables $433.4M $128.6M
Other Receivables $3.600M $36.60M
Total Short-Term Assets $571.7M $455.7M
YoY Change 25.46% -11.65%
LONG-TERM ASSETS
Property, Plant & Equipment $4.232B $3.641B
YoY Change 16.24% -14.25%
Goodwill $524.7M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $59.80M $24.10M
YoY Change 148.13% -64.87%
Total Long-Term Assets $4.832B $3.756B
YoY Change 28.66% -17.16%
TOTAL ASSETS
Total Short-Term Assets $571.7M $455.7M
Total Long-Term Assets $4.832B $3.756B
Total Assets $5.404B $4.212B
YoY Change 28.32% -16.6%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $255.3M $66.30M
YoY Change 285.07% -70.27%
Accrued Expenses $217.5M $139.9M
YoY Change 55.47% -18.43%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $85.70M
YoY Change 101.65%
Total Short-Term Liabilities $472.8M $292.0M
YoY Change 61.92% -34.84%
LONG-TERM LIABILITIES
Long-Term Debt $713.6M $741.2M
YoY Change -3.72% -10.7%
Other Long-Term Liabilities $11.20M $7.900M
YoY Change 41.77% -29.46%
Total Long-Term Liabilities $724.8M $749.1M
YoY Change -3.24% -10.95%
TOTAL LIABILITIES
Total Short-Term Liabilities $472.8M $292.0M
Total Long-Term Liabilities $724.8M $749.1M
Total Liabilities $1.786B $1.810B
YoY Change -1.29% -17.05%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.618B $2.402B
YoY Change
Total Liabilities & Shareholders Equity $5.404B $4.212B
YoY Change 28.32% -16.6%

Cashflow Statement

Concept 2017 Q2 2016 Q2
OPERATING ACTIVITIES
Net Income -$92.18M -$85.87M
YoY Change 7.36% 352.52%
Depreciation, Depletion And Amortization $219.3M $170.9M
YoY Change 28.32% -6.05%
Cash From Operating Activities $9.800M $68.20M
YoY Change -85.63% -71.06%
INVESTING ACTIVITIES
Capital Expenditures $118.4M $30.53M
YoY Change 287.61% -113.75%
Acquisitions
YoY Change
Other Investing Activities -$425.1M $7.300M
YoY Change -5923.29% 48.98%
Cash From Investing Activities -$543.4M -$23.30M
YoY Change 2232.19% -89.28%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 107.0M -21.60M
YoY Change -595.37% -25.77%
NET CHANGE
Cash From Operating Activities 9.800M 68.20M
Cash From Investing Activities -543.4M -23.30M
Cash From Financing Activities 107.0M -21.60M
Net Change In Cash -426.6M 23.30M
YoY Change -1930.9% -317.76%
FREE CASH FLOW
Cash From Operating Activities $9.800M $68.20M
Capital Expenditures $118.4M $30.53M
Free Cash Flow -$108.6M $37.67M
YoY Change -388.18% -91.77%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
pten Increase Decrease In Payables Related To Purchases Of Property And Equipment
IncreaseDecreaseInPayablesRelatedToPurchasesOfPropertyAndEquipment
33938000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
51834000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
3611000
us-gaap Payments Of Dividends
PaymentsOfDividends
7595000
us-gaap Payments Of Dividends
PaymentsOfDividends
17665000
CY2015Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
113346000
us-gaap Interest Paid Net
InterestPaidNet
16640000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
967000
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
223000
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
723000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-91559000
us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
2329000
us-gaap Increase Decrease In Inventories And Other Operating Assets
IncreaseDecreaseInInventoriesAndOtherOperatingAssets
-3795000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-25738000
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-21658000
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-1088000
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
471570000
us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
1039396000
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
7595000
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
3950000
us-gaap Exploration Abandonment And Impairment Expense
ExplorationAbandonmentAndImpairmentExpense
28000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-90684000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-58643000
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
15367000
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
7267000
us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
2995000
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
173000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
135542000
us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
1141000
us-gaap Increase Decrease In Inventories And Other Operating Assets
IncreaseDecreaseInInventoriesAndOtherOperatingAssets
29186000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
58372000
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-13002000
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-258000
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
15385000
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
181927000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
434194000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
186790000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
34997000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
12350000
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-585987000
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-39484000
us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
471570000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
3727000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
25000000
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
161000000
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
46000000
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
575248000
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-46276000
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
334000
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
114000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
4980000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
96281000
CY2016Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
209627000
us-gaap Interest Paid Net
InterestPaidNet
20252000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
19603000
pten Increase Decrease In Payables Related To Purchases Of Property And Equipment
IncreaseDecreaseInPayablesRelatedToPurchasesOfPropertyAndEquipment
9283000
pten Noncash Or Part Noncash Acquisition Noncash Financial Or Equity Instrument Consideration Shares Issued Value
NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationSharesIssuedValue
1039396000
pten Net Decrease Increase In Deposits On Equipment Purchases
NetDecreaseIncreaseInDepositsOnEquipmentPurchases
3133000
pten Net Decrease Increase In Deposits On Equipment Purchases
NetDecreaseIncreaseInDepositsOnEquipmentPurchases
4397000
us-gaap Interest Paid Capitalized
InterestPaidCapitalized
409000
us-gaap Interest Paid Capitalized
InterestPaidCapitalized
286000
CY2016Q2 pten Income Loss From Continuing Operations Allocable To Non Vested Restricted Shares
IncomeLossFromContinuingOperationsAllocableToNonVestedRestrictedShares
846000
pten Income Loss From Continuing Operations Allocable To Non Vested Restricted Shares
IncomeLossFromContinuingOperationsAllocableToNonVestedRestrictedShares
1526000
CY2016Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-85020000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-155723000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-154843000
CY2016Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-85020000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-155723000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-154843000
CY2016Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
9370000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
9475000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
9370000
CY2017Q2 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
631770000
CY2016Q2 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
332027000
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
1126914000
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
756327000
CY2017Q2 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
-85184000
CY2016Q2 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
-133530000
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
-117317000
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
-229295000
CY2017Q2 pten Business Acquisition Pro Forma Earnings Loss Per Share
BusinessAcquisitionProFormaEarningsLossPerShare
-0.40
CY2016Q2 pten Business Acquisition Pro Forma Earnings Loss Per Share
BusinessAcquisitionProFormaEarningsLossPerShare
-0.63
pten Business Acquisition Pro Forma Earnings Loss Per Share
BusinessAcquisitionProFormaEarningsLossPerShare
-0.56
pten Business Acquisition Pro Forma Earnings Loss Per Share
BusinessAcquisitionProFormaEarningsLossPerShare
-1.09
CY2017Q2 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
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
6687150
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
10000
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
22.29
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
24.17
CY2017Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
20.34
CY2017Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
20.53
CY2017Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
1444000
CY2017Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
1999000
CY2016Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
1803000
CY2017Q2 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
32689000
CY2017Q2 us-gaap Goodwill
Goodwill
524700000
CY2017Q2 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
0
CY2016Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
0
CY2017Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
48000000
CY2017Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
32427000
CY2016Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
18388000
CY2017Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
8218883000
CY2016Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
7129996000
CY2017Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3986689000
CY2016Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3721033000
us-gaap Fair Value Inputs Discount Rate
FairValueInputsDiscountRate
0.10
us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
2200000
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
CY2017Q2 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
118350000
CY2016Q2 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
30533000
CY2016Q4 us-gaap Goodwill
Goodwill
86234000
us-gaap Goodwill Period Increase Decrease
GoodwillPeriodIncreaseDecrease
438466000
CY2017Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
15573000
CY2016Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
25500000
CY2016Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
22768000
CY2016Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2732000
CY2017Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
8700000
CY2016Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
911000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
9700000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1800000
CY2017Q2 pten Accrued Salaries Wages Payroll Taxes And Benefits Current
AccruedSalariesWagesPayrollTaxesAndBenefitsCurrent
34699000
CY2016Q4 pten Accrued Salaries Wages Payroll Taxes And Benefits Current
AccruedSalariesWagesPayrollTaxesAndBenefitsCurrent
21138000
CY2017Q2 us-gaap Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
81653000
CY2016Q4 us-gaap Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
67775000
CY2017Q2 us-gaap Taxes Payable Current
TaxesPayableCurrent
29123000
CY2016Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
6766000
CY2017Q2 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
9248000
CY2016Q4 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
9566000
CY2017Q2 us-gaap Interest Payable Current
InterestPayableCurrent
9408000
CY2016Q4 us-gaap Interest Payable Current
InterestPayableCurrent
6740000
CY2017Q2 pten Accrued Merger And Integration Liability Current
AccruedMergerAndIntegrationLiabilityCurrent
25206000
CY2017Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
28184000
CY2016Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
27163000
us-gaap Debt Instrument Maturity Date
DebtInstrumentMaturityDate
2017-09-27
CY2017Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
710000
CY2016Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
746000
CY2017Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
115000000
CY2017Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
300000000
CY2017Q2 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
300000000
CY2017Q2 us-gaap Long Term Debt
LongTermDebt
715000000
CY2017Q2 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
55200000
CY2017Q2 us-gaap Purchase Commitment Remaining Minimum Amount Committed
PurchaseCommitmentRemainingMinimumAmountCommitted
160000000
CY2017Q2 us-gaap Unrecorded Unconditional Purchase Obligation Balance Sheet Amount
UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount
90300000
CY2017Q2 us-gaap Unrecorded Unconditional Purchase Obligation Due In Remainder Of Fiscal Year
UnrecordedUnconditionalPurchaseObligationDueInRemainderOfFiscalYear
3400000
CY2017Q2 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Second Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnSecondAnniversary
9500000
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
17665000
CY2017Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.379
CY2016Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.363
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.375
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.351

Files In Submission

Name View Source Status
0001564590-17-015708-index-headers.html Edgar Link pending
0001564590-17-015708-index.html Edgar Link pending
0001564590-17-015708.txt Edgar Link pending
0001564590-17-015708-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
pten-10q_20170630.htm Edgar Link pending
pten-20170630.xml Edgar Link completed
pten-20170630.xsd Edgar Link pending
pten-20170630_cal.xml Edgar Link unprocessable
pten-20170630_def.xml Edgar Link unprocessable
pten-20170630_lab.xml Edgar Link unprocessable
pten-20170630_pre.xml Edgar Link unprocessable
pten-ex105_344.htm Edgar Link pending
pten-ex311_6.htm Edgar Link pending
pten-ex312_8.htm Edgar Link pending
pten-ex321_7.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
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R67.htm Edgar Link pending
R68.htm Edgar Link pending
R69.htm Edgar Link pending
R7.htm Edgar Link pending
R70.htm Edgar Link pending
R71.htm Edgar Link pending
R72.htm Edgar Link pending
R73.htm Edgar Link pending
R74.htm Edgar Link pending
R75.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending