$PTEN
PATTERSON UTI ENERGY INC

2019 Q2 Form 10-Q Financial Statement

#000156459019026586 Filed on July 29, 2019

View on sec.gov

Income Statement

Concept 2019 Q2 2018 Q2
Revenue $675.8M $854.4M
YoY Change -20.91% 47.52%
Cost Of Revenue $467.6M $621.8M
YoY Change -24.8% 45.55%
Gross Profit $208.1M $232.7M
YoY Change -10.57% 53.09%
Gross Profit Margin 30.79% 27.23%
Selling, General & Admin $34.89M $35.66M
YoY Change -2.16% 51.76%
% of Gross Profit 16.77% 15.33%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $208.7M $212.4M
YoY Change -1.74% -3.15%
% of Gross Profit 100.29% 91.28%
Operating Expenses $34.89M $35.66M
YoY Change -2.16% -85.2%
Operating Profit -$48.13M -$9.004M
YoY Change 434.48% -93.58%
Interest Expense $13.30M $12.67M
YoY Change 4.98% 39.58%
% of Operating Profit
Other Income/Expense, Net -$11.45M -$10.09M
YoY Change 13.47% 21.55%
Pretax Income -$59.58M -$19.10M
YoY Change 211.99% -87.14%
Income Tax -$10.13M -$8.382M
% Of Pretax Income
Net Earnings -$49.45M -$10.71M
YoY Change 361.56% -88.38%
Net Earnings / Revenue -7.32% -1.25%
Basic Earnings Per Share -$0.24 -$0.05
Diluted Earnings Per Share -$0.24 -$0.05
COMMON SHARES
Basic Shares Outstanding 207.5M 220.1M
Diluted Shares Outstanding 207.5M 220.1M

Balance Sheet

Concept 2019 Q2 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $255.5M $241.9M
YoY Change 5.62% 503.24%
Cash & Equivalents $255.5M $241.9M
Short-Term Investments
Other Short-Term Assets $66.46M $81.00M
YoY Change -17.95% 38.46%
Inventory $68.61M $81.20M
Prepaid Expenses
Receivables $501.2M $602.7M
Other Receivables $6.000M $1.200M
Total Short-Term Assets $897.7M $1.008B
YoY Change -10.94% 76.32%
LONG-TERM ASSETS
Property, Plant & Equipment $3.769B $4.209B
YoY Change -10.44% -0.56%
Goodwill $412.9M $611.5M
YoY Change -32.48% 16.54%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $18.39M $52.80M
YoY Change -65.17% -11.71%
Total Long-Term Assets $4.294B $4.946B
YoY Change -13.18% 2.35%
TOTAL ASSETS
Total Short-Term Assets $897.7M $1.008B
Total Long-Term Assets $4.294B $4.946B
Total Assets $5.192B $5.954B
YoY Change -12.8% 10.18%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $242.2M $371.5M
YoY Change -34.81% 45.52%
Accrued Expenses $218.6M $229.9M
YoY Change -4.9% 5.7%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change
Total Short-Term Liabilities $470.0M $601.4M
YoY Change -21.84% 27.2%
LONG-TERM LIABILITIES
Long-Term Debt $1.120B $1.119B
YoY Change 0.07% 56.8%
Other Long-Term Liabilities $10.13M $12.60M
YoY Change -19.6% 12.5%
Total Long-Term Liabilities $1.130B $1.132B
YoY Change -0.15% 56.11%
TOTAL LIABILITIES
Total Short-Term Liabilities $470.0M $601.4M
Total Long-Term Liabilities $1.130B $1.132B
Total Liabilities $1.913B $2.074B
YoY Change -7.73% 16.09%
SHAREHOLDERS EQUITY
Retained Earnings $1.658B
YoY Change
Common Stock $2.859B
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.244B
YoY Change
Treasury Stock Shares $66.39M
Shareholders Equity $3.278B $3.880B
YoY Change
Total Liabilities & Shareholders Equity $5.192B $5.954B
YoY Change -12.8% 10.18%

Cashflow Statement

Concept 2019 Q2 2018 Q2
OPERATING ACTIVITIES
Net Income -$49.45M -$10.71M
YoY Change 361.56% -88.38%
Depreciation, Depletion And Amortization $208.7M $212.4M
YoY Change -1.74% -3.15%
Cash From Operating Activities $181.5M $150.2M
YoY Change 20.84% 1432.65%
INVESTING ACTIVITIES
Capital Expenditures $96.92M $194.9M
YoY Change -50.26% 64.65%
Acquisitions
YoY Change
Other Investing Activities $9.500M $34.50M
YoY Change -72.46% -108.12%
Cash From Investing Activities -$87.50M -$160.4M
YoY Change -45.45% -70.48%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -87.40M -51.90M
YoY Change 68.4% -148.5%
NET CHANGE
Cash From Operating Activities 181.5M 150.2M
Cash From Investing Activities -87.50M -160.4M
Cash From Financing Activities -87.40M -51.90M
Net Change In Cash 6.600M -62.10M
YoY Change -110.63% -85.44%
FREE CASH FLOW
Cash From Operating Activities $181.5M $150.2M
Capital Expenditures $96.92M $194.9M
Free Cash Flow $84.58M -$44.66M
YoY Change -289.38% -58.86%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Entity Small Business
EntitySmallBusiness
false
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
CY2018Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
854418000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1379936000
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
3278311000
us-gaap Interest Expense
InterestExpense
26282000
CY2019Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
92000
CY2018Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
216000
CY2019Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-11450000
us-gaap Operating Income Loss
OperatingIncomeLoss
-71508000
CY2018Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
2360000
us-gaap Investment Income Interest
InvestmentIncomeInterest
2788000
CY2018Q2 us-gaap Interest Expense
InterestExpense
12667000
CY2019Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
34894000
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
13275000
pten Dividend Equivalents
DividendEquivalents
113000
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
59879000
CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
3880339000
us-gaap Net Income Loss
NetIncomeLoss
-78061000
us-gaap Net Income Loss
NetIncomeLoss
-45130000
pten Depreciation Depletion Amortization And Impairment
DepreciationDepletionAmortizationAndImpairment
423098000
pten Depreciation Depletion Amortization And Impairment
DepreciationDepletionAmortizationAndImpairment
422276000
us-gaap Net Income Loss
NetIncomeLoss
-78061000
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
752504748
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
752504748
CY2019Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2018Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2019Q2 us-gaap Preferred Stock Value
PreferredStockValue
CY2018Q4 us-gaap Preferred Stock Value
PreferredStockValue
dei Entity Address Country
EntityAddressCountry
UNITED STATES
dei Entity File Number
EntityFileNumber
0-22664
dei Entity Address Address Line1
EntityAddressAddressLine1
10713 W. SAM HOUSTON PKWY N
dei Entity Address Address Line2
EntityAddressAddressLine2
SUITE 800
dei Entity Address City Or Town
EntityAddressCityOrTown
HOUSTON
dei Entity Address State Or Province
EntityAddressStateOrProvince
TEXAS
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
77064
dei City Area Code
CityAreaCode
(281)
dei Local Phone Number
LocalPhoneNumber
765-7100
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2019Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
255514000
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
245029000
CY2019Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
5901000
CY2018Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
2312000
CY2019Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
501206000
CY2018Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
558817000
CY2019Q2 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
5954000
CY2018Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
4110000
CY2019Q2 us-gaap Inventory Net
InventoryNet
68611000
CY2018Q4 us-gaap Inventory Net
InventoryNet
65579000
CY2019Q2 us-gaap Other Assets Current
OtherAssetsCurrent
66459000
CY2018Q4 us-gaap Other Assets Current
OtherAssetsCurrent
76662000
CY2019Q2 us-gaap Assets Current
AssetsCurrent
897744000
CY2018Q4 us-gaap Assets Current
AssetsCurrent
950197000
CY2019Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3769258000
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4002549000
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
-49447000
CY2018Q4 us-gaap Common Stock Value
CommonStockValue
2673000
CY2019Q2 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
2856746000
CY2018Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
2827154000
CY2019Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1658417000
CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1753557000
CY2019Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
4279000
CY2018Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
2487000
CY2019Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
66389575
CY2019Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
26665000
CY2019Q2 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
472413000
CY2018Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
477640000
CY2019Q2 us-gaap Deposits Assets Noncurrent
DepositsAssetsNoncurrent
7312000
CY2018Q4 us-gaap Deposits Assets Noncurrent
DepositsAssetsNoncurrent
12040000
CY2019Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
18391000
CY2018Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
27440000
CY2019Q2 us-gaap Assets
Assets
5191783000
CY2018Q4 us-gaap Assets
Assets
5469866000
CY2019Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
242166000
CY2018Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
288962000
CY2019Q2 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
269000
CY2018Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
1408000
CY2019Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
218632000
CY2018Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
235946000
CY2019Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
8977000
CY2019Q2 us-gaap Liabilities Current
LiabilitiesCurrent
470044000
CY2018Q4 us-gaap Liabilities Current
LiabilitiesCurrent
526316000
CY2019Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
22355000
CY2019Q2 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
5352000
CY2018Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
5795000
CY2019Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1119648000
CY2018Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1119205000
CY2019Q2 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
291294000
CY2018Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
306161000
CY2019Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
10131000
CY2018Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
12761000
CY2019Q2 us-gaap Liabilities
Liabilities
1913472000
CY2018Q4 us-gaap Liabilities
Liabilities
1964443000
CY2019Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2018Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2019Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000
CY2018Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000
CY2019Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2018Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2019Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2018Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2019Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
400000000
CY2018Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
400000000
CY2019Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
268790705
CY2018Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
267315526
CY2019Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
202401130
CY2018Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
213614430
CY2019Q2 us-gaap Common Stock Value
CommonStockValue
2688000
CY2018Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
53701096
CY2019Q2 us-gaap Treasury Stock Value
TreasuryStockValue
1243819000
CY2018Q4 us-gaap Treasury Stock Value
TreasuryStockValue
1080448000
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
3278311000
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
3505423000
CY2019Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
5191783000
CY2018Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
5469866000
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
675765000
CY2019Q2 pten Depreciation Depletion Amortization And Impairment
DepreciationDepletionAmortizationAndImpairment
208688000
CY2018Q2 pten Depreciation Depletion Amortization And Impairment
DepreciationDepletionAmortizationAndImpairment
212384000
pten Depreciation Depletion Amortization And Impairment
DepreciationDepletionAmortizationAndImpairment
423098000
CY2018Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
35663000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
67449000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
68480000
CY2019Q2 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
3594000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
3594000
CY2018Q2 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
747000
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
2738000
CY2019Q2 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-9071000
CY2018Q2 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
7129000
us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-335000
CY2019Q2 us-gaap Costs And Expenses
CostsAndExpenses
723890000
CY2018Q2 us-gaap Costs And Expenses
CostsAndExpenses
863422000
us-gaap Costs And Expenses
CostsAndExpenses
1451444000
CY2019Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-48125000
CY2018Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-9004000
CY2019Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
1756000
CY2019Q2 us-gaap Interest Expense
InterestExpense
13298000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
209000
CY2018Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-10091000
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-23285000
CY2019Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-59575000
CY2018Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-19095000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-94793000
CY2019Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-10128000
CY2018Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-8382000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-16732000
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
-49447000
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
-10713000
CY2019Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.24
CY2018Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.05
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.37
CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.24
CY2018Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.05
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.37
CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
207499000
CY2018Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
53701096
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
209671000
CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
220093000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
209671000
CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
207499000
CY2018Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
220093000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
209671000
CY2019Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.04
CY2018Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.04
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.08
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
-10713000
us-gaap Net Income Loss
NetIncomeLoss
-78061000
CY2019Q2 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
0
CY2018Q2 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
0
us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
0
CY2019Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
848000
CY2018Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-1530000
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
1792000
CY2019Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-48599000
CY2018Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-12243000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-76269000
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
3505423000
us-gaap Net Income Loss
NetIncomeLoss
-78061000
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
1792000
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
9219000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
20388000
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
16843000
pten Dividend Equivalents
DividendEquivalents
236000
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
163371000
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
3982493000
us-gaap Net Income Loss
NetIncomeLoss
-45130000
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-3514000
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
485000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
19272000
us-gaap Exploration Abandonment And Impairment Expense
ExplorationAbandonmentAndImpairmentExpense
94000
us-gaap Exploration Abandonment And Impairment Expense
ExplorationAbandonmentAndImpairmentExpense
562000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-14867000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-8100000
us-gaap Share Based Compensation
ShareBasedCompensation
20388000
us-gaap Share Based Compensation
ShareBasedCompensation
19272000
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
10516000
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
17472000
us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
12673000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
3594000
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
443000
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
387000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-54188000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
22363000
us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
-2972000
us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
-22000
us-gaap Increase Decrease In Inventories And Other Operating Assets
IncreaseDecreaseInInventoriesAndOtherOperatingAssets
3967000
us-gaap Increase Decrease In Inventories And Other Operating Assets
IncreaseDecreaseInInventoriesAndOtherOperatingAssets
25277000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-16941000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-23432000
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-18884000
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-542000
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-2971000
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
76000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
365299000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
300235000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
13000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
3800000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
215260000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
317783000
pten Proceeds From Disposal Of Assets And Insurance Claims
ProceedsFromDisposalOfAssetsAndInsuranceClaims
31516000
pten Proceeds From Disposal Of Assets And Insurance Claims
ProceedsFromDisposalOfAssetsAndInsuranceClaims
21005000
us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
23760000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-183757000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-276818000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
154152000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
59879000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
485000
us-gaap Payments Of Dividends
PaymentsOfDividends
16843000
us-gaap Payments Of Dividends
PaymentsOfDividends
13275000
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
4333000
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
521194000
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
79000000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-170995000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
176192000
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-62000
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-529000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
10485000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
199080000
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
245029000
CY2017Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
42828000
CY2019Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
255514000
CY2018Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
241908000
us-gaap Interest Paid Capitalized
InterestPaidCapitalized
722000
us-gaap Interest Paid Net
InterestPaidNet
24924000
us-gaap Interest Paid Net
InterestPaidNet
15573000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-1127000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
21000
pten Receivable From Property And Equipment Insurance
ReceivableFromPropertyAndEquipmentInsurance
15000000
pten Increase Decrease In Payables Related To Purchases Of Property And Equipment
IncreaseDecreaseInPayablesRelatedToPurchasesOfPropertyAndEquipment
-29935000
pten Increase Decrease In Payables Related To Purchases Of Property And Equipment
IncreaseDecreaseInPayablesRelatedToPurchasesOfPropertyAndEquipment
75032000
pten Net Decrease Increase In Deposits On Equipment Purchases
NetDecreaseIncreaseInDepositsOnEquipmentPurchases
-5419000
pten Cashless Exercise Of Stock Options
CashlessExerciseOfStockOptions
9219000
CY2019Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
2755000
us-gaap Operating Lease Cost
OperatingLeaseCost
5794000
CY2019Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
111000
us-gaap Short Term Lease Cost
ShortTermLeaseCost
387000
CY2019Q2 us-gaap Lease Cost
LeaseCost
2866000
us-gaap Lease Cost
LeaseCost
6181000
us-gaap Operating Lease Payments
OperatingLeasePayments
5165000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
627000
CY2019Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y10M24D
CY2019Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.045
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
5268000
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
9195000
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
6668000
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
4625000
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
2663000
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
6552000
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
34971000
CY2019Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
3639000
CY2019Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
31332000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
11408000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
9069000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
6543000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
4625000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
2663000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
6552000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
40860000
CY2019Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
7000
CY2018Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
347000
CY2019Q2 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
8194000
CY2018Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
6375000
CY2019Q2 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
60410000
CY2018Q4 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
58857000
CY2019Q2 us-gaap Inventory Net
InventoryNet
68611000
CY2018Q4 us-gaap Inventory Net
InventoryNet
65579000
CY2019Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3769258000
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4002549000
CY2018Q4 us-gaap Goodwill
Goodwill
410756000
us-gaap Goodwill Period Increase Decrease
GoodwillPeriodIncreaseDecrease
2104000
CY2019Q2 us-gaap Goodwill
Goodwill
412860000
us-gaap Goodwill Period Increase Decrease
GoodwillPeriodIncreaseDecrease
2100000
CY2019Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
84254000
CY2019Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
24701000
CY2019Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
59553000
CY2018Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
106754000
CY2018Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
39870000
CY2018Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
66884000
CY2019Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3700000
CY2018Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4900000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
7300000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
10300000
CY2018Q4 us-gaap Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
83772000
CY2019Q2 us-gaap Taxes Payable Current
TaxesPayableCurrent
34149000
CY2018Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
25318000
CY2019Q2 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
8844000
CY2019Q2 pten Accrued Salaries Wages Payroll Taxes And Benefits Current
AccruedSalariesWagesPayrollTaxesAndBenefitsCurrent
43832000
CY2018Q4 pten Accrued Salaries Wages Payroll Taxes And Benefits Current
AccruedSalariesWagesPayrollTaxesAndBenefitsCurrent
58160000
CY2019Q2 us-gaap Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
74604000
CY2018Q4 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
9531000
CY2019Q2 us-gaap Interest Payable Current
InterestPayableCurrent
16471000
CY2018Q4 us-gaap Interest Payable Current
InterestPayableCurrent
15774000
CY2019Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
40732000
CY2018Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
43391000
CY2019Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
218632000
CY2018Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
235946000
CY2019Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
336000
CY2019Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
300000000
CY2019Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
300000000
CY2019Q2 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
525000000
CY2019Q2 us-gaap Long Term Debt
LongTermDebt
1125000000
CY2019Q2 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
63400000
CY2019Q2 us-gaap Purchase Commitment Remaining Minimum Amount Committed
PurchaseCommitmentRemainingMinimumAmountCommitted
72800000
pten Agreement Expire Description
AgreementExpireDescription
The agreements expire in years 2019 through 2023.
CY2019Q2 us-gaap Unrecorded Unconditional Purchase Obligation Balance Sheet Amount
UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount
42200000
CY2019Q2 us-gaap Unrecorded Unconditional Purchase Obligation Due In Remainder Of Fiscal Year
UnrecordedUnconditionalPurchaseObligationDueInRemainderOfFiscalYear
14900000
CY2019Q2 pten Deposit Revaluation Charge
DepositRevaluationCharge
12700000
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.08
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
16843000
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.06
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
13275000
CY2018Q4 us-gaap Treasury Stock Value
TreasuryStockValue
1080448000
pten Treasury Stock Acquired Shares Other
TreasuryStockAcquiredSharesOther
31013
pten Treasury Stock Acquired Value Other
TreasuryStockAcquiredValueOther
371000
CY2019Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
66389575
CY2019Q2 us-gaap Treasury Stock Value
TreasuryStockValue
1243819000
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
3505423000
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
-28614000
CY2019Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
944000
CY2019Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
9338000
CY2019Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
8499000
CY2019Q1 pten Dividend Equivalents
DividendEquivalents
110000
CY2019Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
75113000
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
3403369000
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
-49447000
CY2019Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
848000
CY2019Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
9219000
CY2019Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
11050000
CY2019Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
8344000
CY2019Q2 pten Dividend Equivalents
DividendEquivalents
126000
CY2019Q2 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
88258000
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
3278311000
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
3982493000
CY2018Q1 us-gaap Net Income Loss
NetIncomeLoss
-34417000
CY2018Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-1984000
CY2018Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
485000
CY2018Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
9365000
CY2018Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
4443000
CY2018Q1 pten Dividend Equivalents
DividendEquivalents
30000
CY2018Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
16928000
CY2018Q1 us-gaap Stockholders Equity
StockholdersEquity
3934541000
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
-10713000
CY2018Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-1530000
CY2018Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
9907000
CY2018Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
8832000
CY2018Q2 pten Dividend Equivalents
DividendEquivalents
83000
CY2018Q2 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
42951000
CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
3880339000
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
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
0
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
4801150
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
20.57
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
4756150
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
5501150
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
19.63
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
700000
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
13.17
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
0
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
20.59
CY2019Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.170
CY2018Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.439
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.177
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.152
CY2019Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-49447000
CY2018Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-10713000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-78061000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-45130000
CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
207499000
CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
220093000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
220436000
CY2019Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.24
CY2018Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.05
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.37
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.21
CY2019Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-49447000
CY2018Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-10713000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-78061000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-45130000
CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
207499000
CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
220093000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
209671000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
220436000
CY2019Q2 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-9071000
CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
207499000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
9903000
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
675765000
CY2018Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
854418000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1379936000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1663582000
CY2018Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
220093000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
209671000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
220436000
CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.24
CY2018Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.05
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.37
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.21
CY2019Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
10289000
CY2018Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
9903000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
10289000
CY2018Q2 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
7129000
us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-335000
us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
9550000
CY2019Q2 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
3594000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
3594000
CY2019Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
1756000
CY2018Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
2360000
us-gaap Investment Income Interest
InvestmentIncomeInterest
2788000
us-gaap Investment Income Interest
InvestmentIncomeInterest
3783000
CY2019Q2 us-gaap Interest Expense
InterestExpense
13298000
CY2018Q2 us-gaap Interest Expense
InterestExpense
12667000
us-gaap Interest Expense
InterestExpense
26282000
us-gaap Interest Expense
InterestExpense
26292000
CY2019Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
92000
CY2018Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
216000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
209000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
385000
CY2019Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-59575000
CY2018Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-19095000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-94793000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-53230000
CY2019Q2 pten Depreciation Depletion Amortization And Impairment
DepreciationDepletionAmortizationAndImpairment
208688000
CY2018Q2 pten Depreciation Depletion Amortization And Impairment
DepreciationDepletionAmortizationAndImpairment
212384000
pten Depreciation Depletion Amortization And Impairment
DepreciationDepletionAmortizationAndImpairment
423098000
pten Depreciation Depletion Amortization And Impairment
DepreciationDepletionAmortizationAndImpairment
422276000
CY2019Q2 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
96919000
CY2018Q2 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
194862000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
215260000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
317783000
CY2019Q2 us-gaap Assets
Assets
5191783000
CY2018Q4 us-gaap Assets
Assets
5469866000

Files In Submission

Name View Source Status
0001564590-19-026586-index-headers.html Edgar Link pending
0001564590-19-026586-index.html Edgar Link pending
0001564590-19-026586.txt Edgar Link pending
0001564590-19-026586-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
pten-10q_20190630.htm Edgar Link pending
pten-10q_20190630_htm.xml Edgar Link completed
pten-20190630.xsd Edgar Link pending
pten-20190630_cal.xml Edgar Link unprocessable
pten-20190630_def.xml Edgar Link unprocessable
pten-20190630_lab.xml Edgar Link unprocessable
pten-20190630_pre.xml Edgar Link unprocessable
pten-ex311_8.htm Edgar Link pending
pten-ex312_7.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
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
R76.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending