Parker Wellbore Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Parent, Guarantor, Non-Guarantor Unaudited Consolidating Condensed Financial Statements - Consolidating Condensed Balance Sheet (Detail)

Parent, Guarantor, Non-Guarantor Unaudited Consolidating Condensed Financial Statements - Consolidating Condensed Balance Sheet (Detail) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 141,549	$ 119,691	$ 134,294	$ 108,456
Accounts and notes receivable, net	122,511	113,231
Rig materials and supplies	31,415	32,354
Deferred costs	3,145	1,436
Other tax assets	4,889	6,475
Other current assets	14,327	13,131
Total current assets	317,836	286,318
Property, plant and equipment, net	625,771	693,439
Goodwill	6,708	6,708
Intangible assets, net	7,128	9,928
Investment in subsidiaries and intercompany advances	0	0
Other assets	32,836	107,158
Total assets	990,279	1,103,551
Current liabilities:
Accounts payable and accrued liabilities	99,246	98,841
Accrued income taxes	4,430	4,080
Total current liabilities	103,676	102,921
Long-term debt, net of unamortized debt issuance costs of $7,029 at December 31, 2017 and $8,674 at December 31, 2016	577,971	576,326
Other long-term liabilities	12,433	15,836
Long-term deferred tax liability	78	69,333
Intercompany payable	0	0
Liabilities	694,158	764,416
Total equity	296,121	339,135
Total liabilities and stockholders’ equity	990,279	1,103,551
Reportable Legal Entities \| Parent
Current assets:
Cash and cash equivalents	75,342	65,000	73,985	36,728
Accounts and notes receivable, net	0	0
Rig materials and supplies	0	0
Deferred costs	0	0
Other tax assets	0	(50,296)
Other current assets	0	0
Total current assets	75,342	14,704
Property, plant and equipment, net	(19)	(19)
Goodwill	0	0
Intangible assets, net	0	0
Investment in subsidiaries and intercompany advances	2,955,050	2,979,413
Other assets	(261,232)	(253,679)
Total assets	2,769,141	2,740,419
Current liabilities:
Accounts payable and accrued liabilities	(51,060)	(10,080)
Accrued income taxes	76,883	0
Total current liabilities	25,823	(10,080)
Long-term debt, net of unamortized debt issuance costs of $7,029 at December 31, 2017 and $8,674 at December 31, 2016	577,971	576,326
Other long-term liabilities	2,867	2,867
Long-term deferred tax liability	(1)	(28)
Intercompany payable	1,865,810	1,828,317
Liabilities	2,472,470	2,397,402
Total equity	296,671	343,017
Total liabilities and stockholders’ equity	2,769,141	2,740,419
Reportable Legal Entities \| Guarantor
Current assets:
Cash and cash equivalents	20,655	14,365	13,854	13,546
Accounts and notes receivable, net	32,338	15,749
Rig materials and supplies	(3,025)	(5,369)
Deferred costs	17	16
Other tax assets	0	35,733
Other current assets	6,345	5,555
Total current assets	56,330	66,049
Property, plant and equipment, net	428,556	469,927
Goodwill	6,708	6,708
Intangible assets, net	7,128	9,434
Investment in subsidiaries and intercompany advances	2,971,456	2,932,375
Other assets	237,755	301,771
Total assets	3,707,933	3,786,264
Current liabilities:
Accounts payable and accrued liabilities	179,247	149,210
Accrued income taxes	(56,870)	1,576
Total current liabilities	122,377	150,786
Long-term debt, net of unamortized debt issuance costs of $7,029 at December 31, 2017 and $8,674 at December 31, 2016	0	0
Other long-term liabilities	5,741	9,338
Long-term deferred tax liability	0	73,039
Intercompany payable	1,465,744	1,437,417
Liabilities	1,593,862	1,670,580
Total equity	2,114,071	2,115,684
Total liabilities and stockholders’ equity	3,707,933	3,786,264
Reportable Legal Entities \| Non-Guarantor
Current assets:
Cash and cash equivalents	45,552	40,326	46,455	58,182
Accounts and notes receivable, net	90,173	97,482
Rig materials and supplies	34,440	37,723
Deferred costs	3,128	1,420
Other tax assets	4,889	21,038
Other current assets	7,982	7,576
Total current assets	186,164	205,565
Property, plant and equipment, net	197,234	223,531
Goodwill	0	0
Intangible assets, net	0	494
Investment in subsidiaries and intercompany advances	3,955,553	3,676,402
Other assets	537,124	539,877
Total assets	4,876,075	4,645,869
Current liabilities:
Accounts payable and accrued liabilities	588,536	577,188
Accrued income taxes	(15,583)	2,504
Total current liabilities	572,953	579,692
Long-term debt, net of unamortized debt issuance costs of $7,029 at December 31, 2017 and $8,674 at December 31, 2016	0	0
Other long-term liabilities	3,825	3,631
Long-term deferred tax liability	79	(3,678)
Intercompany payable	2,430,340	2,161,864
Liabilities	3,007,197	2,741,509
Total equity	1,868,878	1,904,360
Total liabilities and stockholders’ equity	4,876,075	4,645,869
Eliminations
Current assets:
Cash and cash equivalents	0	0	$ 0	$ 0
Accounts and notes receivable, net	0	0
Rig materials and supplies	0	0
Deferred costs	0	0
Other tax assets	0	0
Other current assets	0	0
Total current assets	0	0
Property, plant and equipment, net	0	0
Goodwill	0	0
Intangible assets, net	0	0
Investment in subsidiaries and intercompany advances	(9,882,059)	(9,588,190)
Other assets	(480,811)	(480,811)
Total assets	(10,362,870)	(10,069,001)
Current liabilities:
Accounts payable and accrued liabilities	(617,477)	(617,477)
Accrued income taxes	0	0
Total current liabilities	(617,477)	(617,477)
Long-term debt, net of unamortized debt issuance costs of $7,029 at December 31, 2017 and $8,674 at December 31, 2016	0	0
Other long-term liabilities	0	0
Long-term deferred tax liability	0	0
Intercompany payable	(5,761,894)	(5,427,598)
Liabilities	(6,379,371)	(6,045,075)
Total equity	(3,983,499)	(4,023,926)
Total liabilities and stockholders’ equity	$ (10,362,870)	$ (10,069,001)