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

Annual report pursuant to Section 13 and 15(d)

Reportable Segments - Results of Operations by Reportable Segment (Details)

Reportable Segments - Results of Operations by Reportable Segment (Details) - USD ($)	3 Months Ended								9 Months Ended	12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Revenues:
Revenues				$ 157,397,000					$ 472,395,000	$ 480,821,000
Operating income:
Total operating gross margin	$ 11,462,000	$ 22,268,000	$ 22,991,000	11,424,000	$ 3,815,000	$ 1,932,000	$ (167,000)	$ (10,408,000)	56,721,000	(4,828,000)
General and administrative expense				(8,147,000)					(17,967,000)	(24,545,000)
Loss on impairment				0					0	(50,698,000)
Gain (loss) on disposition of assets, net				384,000					226,000	(1,724,000)
Pre-petition restructuring charges				0					0	(21,820,000)
Reorganization Items				(92,977,000)					(1,173,000)	(9,789,000)
Total operating income (loss)	5,459,000	15,982,000	16,366,000	(89,316,000)	(31,661,000)	(56,544,000)	(8,933,000)	(16,266,000)	37,807,000	(113,404,000)
Interest expense				(274,000)					(20,902,000)	(42,565,000)
Interest income				8,000					887,000	91,000
Other				(10,000)					(188,000)	(2,023,000)
Income (loss) before income taxes				(89,592,000)					17,604,000	(157,901,000)
Revenues	156,281,000	$ 160,083,000	$ 156,031,000	157,397,000	129,148,000	$ 123,395,000	$ 118,603,000	$ 109,675,000	472,395,000	480,821,000
Capital expenditures:
Total capital expenditures				9,231,000					71,107,000	70,567,000
Depreciation and amortization:
Total depreciation and amortization				25,102,000					61,499,000	107,545,000
Identifiable assets:
Total assets	682,848,000				828,414,000				682,848,000	828,414,000
Operating Segments
Identifiable assets:
Total assets	602,603,000				759,733,000				602,603,000	759,733,000
Corporate
Capital expenditures:
Total capital expenditures				42,000					1,070,000	859,000
Depreciation and amortization:
Total depreciation and amortization				2,337,000					572,000	8,441,000
Identifiable assets:
Total assets	80,245,000				68,681,000				80,245,000	68,681,000
Drilling Services
Revenues:
Revenues				83,693,000					256,405,000	225,140,000
Operating income:
Total operating gross margin				(2,284,000)					14,034,000	(37,656,000)
U.S. (lower 48) drilling
Revenues:
Revenues				6,627,000					36,710,000	11,729,000
Operating income:
Total operating gross margin				(1,508,000)					2,189,000	(15,720,000)
U.S. (lower 48) drilling \| Operating Segments
Capital expenditures:
Total capital expenditures				395,000					1,061,000	444,000
Depreciation and amortization:
Total depreciation and amortization				808,000					4,424,000	7,758,000
Identifiable assets:
Total assets	27,335,000				30,283,000				27,335,000	30,283,000
International & Alaska drilling
Revenues:
Revenues				77,066,000					219,695,000	213,411,000
Operating income:
Total operating gross margin				(776,000)					11,845,000	(21,936,000)
International & Alaska drilling \| Operating Segments
Capital expenditures:
Total capital expenditures				1,199,000					7,787,000	7,444,000
Depreciation and amortization:
Total depreciation and amortization				8,464,000					20,164,000	36,072,000
Identifiable assets:
Total assets	255,844,000				366,856,000				255,844,000	366,856,000
Rental Tools Services
Revenues:
Revenues				73,704,000					215,990,000	255,681,000
Operating income:
Total operating gross margin				13,708,000					42,687,000	32,828,000
U.S. rental tools
Revenues:
Revenues				52,595,000					144,698,000	176,531,000
Operating income:
Total operating gross margin				17,289,000					38,054,000	44,512,000
U.S. rental tools \| Operating Segments
Capital expenditures:
Total capital expenditures				4,429,000					51,539,000	55,545,000
Depreciation and amortization:
Total depreciation and amortization				11,715,000					30,912,000	48,167,000
Identifiable assets:
Total assets	221,383,000				216,123,000				221,383,000	216,123,000
International rental tools
Revenues:
Revenues				21,109,000					71,292,000	79,150,000
Operating income:
Total operating gross margin				(3,581,000)					4,633,000	(11,684,000)
International rental tools \| Operating Segments
Capital expenditures:
Total capital expenditures				3,166,000					9,650,000	6,275,000
Depreciation and amortization:
Total depreciation and amortization				$ 4,115,000					5,999,000	15,548,000
Identifiable assets:
Total assets	$ 98,041,000				$ 146,471,000				$ 98,041,000	$ 146,471,000
Customer Concentration Risk \| Sales Revenue, Net \| Exxon Neftegas Limited (ENL)
Operating income:
Percentage of revenue from major customer				31.20%					29.30%	25.70%
Customer Concentration Risk \| Sales Revenue, Net of Reimbursable Revenues \| Exxon Neftegas Limited (ENL)
Operating income:
Percentage of revenue from major customer									18.60%	17.90%
Reimbursable revenue
Operating income:
Revenues				$ 28,541,000					$ 70,174,000	$ 54,620,000
Reimbursable revenue \| Exxon Neftegas Limited (ENL)
Operating income:
Revenues				$ 26,300,000					$ 63,200,000	$ 47,200,000
Reimbursable revenue \| Customer Concentration Risk \| Sales Revenue, Net \| Exxon Neftegas Limited (ENL)
Operating income:
Percentage of revenue from major customer				17.70%
International & Alaska drilling \| Exxon Neftegas Limited (ENL)
Operating income:
Percentage of revenue from major customer				63.80%
International & Alaska drilling \| Customer Concentration Risk \| Sales Revenue, Net \| Exxon Neftegas Limited (ENL)
Operating income:
Percentage of revenue from major customer									62.90%	58.00%
International & Alaska drilling \| Customer Concentration Risk \| Sales Revenue, Net of Reimbursable Revenues \| Exxon Neftegas Limited (ENL)
Operating income:
Percentage of revenue from major customer									48.80%	48.00%
International & Alaska drilling \| Reimbursable revenue \| Exxon Neftegas Limited (ENL)
Operating income:
Percentage of revenue from major customer				46.60%