Parker Wellbore Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Parent, Guarantor, Non-Guarantor Unaudited Consolidating Condensed Financial Statements (Details)

Parent, Guarantor, Non-Guarantor Unaudited Consolidating Condensed Financial Statements (Details) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012	Dec. 31, 2011	Jun. 30, 2011	Dec. 31, 2010
Current assets:
Cash and cash equivalents	$ 77,467	$ 97,869	$ 67,495	$ 51,431
Accounts and notes receivable, net	176,190	183,923
Rig materials and supplies	24,246	29,947
Deferred costs	2,859	3,249
Deferred income taxes	6,380	6,650
Other tax assets	34,517	25,358
Assets held for sale	5,312	5,315
Other current assets	12,363	15,302
Total current assets	339,334	367,613
Property, plant and equipment, net	770,761	719,809
Other noncurrent assets	127,271	128,824
Total assets	1,237,366	1,216,246
Current liabilities:
Current portion of long-term debt	51,136	145,723
Accounts payable and accrued liabilities	107,461	135,250
Accrued income taxes	5,271	4,837
Total current liabilities	163,868	285,810
Long-term debt	429,888	337,000
Other long-term liabilities	29,535	33,452
Long-term deferred tax liability	17,830	15,934
Contingencies (Note 11)
Stockholders' equity:
Common stock	19,696	19,508
Capital in excess of par value	642,616	637,042
Retained earnings (accumulated deficit)	(65,469)	(111,944)
Total controlling interest stockholders' equity	596,843	544,606
Noncontrolling interest	(598)	(556)
Total equity	596,245	544,050
Total liabilities and stockholders' equity	1,237,366	1,216,246
Parent Company [Member]
Current assets:
Cash and cash equivalents	28,231	55,670	30,839	13,835
Accounts and notes receivable, net	289,720	289,512
Other tax assets	77,635	47,834
Other current assets	722	788
Total current assets	396,308	393,804
Property, plant and equipment, net	60	79
Investment in subsidiaries and intercompany advances	776,638	720,214
Other noncurrent assets	40,616	44,962
Total assets	1,213,622	1,159,059
Current liabilities:
Current portion of long-term debt	51,136	145,723
Accounts payable and accrued liabilities	63,599	60,120
Accrued income taxes	(920)	(205)
Total current liabilities	113,815	205,638
Long-term debt	429,888	337,000
Other long-term liabilities	8,263	8,081
Long-term deferred tax liability	2,229	1,151
Intercompany payables	62,584	62,583
Contingencies (Note 11)
Stockholders' equity:
Common stock	19,696	19,508
Capital in excess of par value	642,616	637,042
Retained earnings (accumulated deficit)	(65,469)	(111,944)
Total controlling interest stockholders' equity	596,843	544,606
Total equity	596,843	544,606
Total liabilities and stockholders' equity	1,213,622	1,159,059
Guarantor Subsidiaries [Member]
Current assets:
Cash and cash equivalents	10,266	4,212	7,921	2,317
Accounts and notes receivable, net	107,730	94,748
Rig materials and supplies	(1,044)	762
Deferred income taxes	4,940	5,311
Other tax assets	(47,411)	(25,218)
Other current assets	5,144	6,381
Total current assets	79,625	86,196
Property, plant and equipment, net	544,681	474,942
Investment in subsidiaries and intercompany advances	(257,178)	(212,883)
Other noncurrent assets	68,171	66,660
Total assets	435,299	414,915
Current liabilities:
Accounts payable and accrued liabilities	71,396	94,056
Accrued income taxes	1,444	921
Total current liabilities	72,840	94,977
Other long-term liabilities	6,912	9,474
Long-term deferred tax liability	27,870	25,232
Intercompany payables	43,657	43,657
Contingencies (Note 11)
Stockholders' equity:
Common stock	18,049	18,049
Capital in excess of par value	733,112	733,120
Retained earnings (accumulated deficit)	(467,141)	(509,594)
Total controlling interest stockholders' equity	284,020	241,575
Total equity	284,020	241,575
Total liabilities and stockholders' equity	435,299	414,915
Non-Guarantor Subsidiaries [Member]
Current assets:
Cash and cash equivalents	38,970	37,987	28,735	35,279
Accounts and notes receivable, net	282,476	285,326
Rig materials and supplies	25,290	29,185
Deferred costs	2,859	3,249
Deferred income taxes	1,440	853
Other tax assets	4,293	2,742
Assets held for sale	5,312	5,315
Other current assets	6,497	8,133
Total current assets	367,137	372,790
Property, plant and equipment, net	226,020	244,787
Investment in subsidiaries and intercompany advances	1,384,083	1,347,719
Other noncurrent assets	18,484	16,839
Total assets	1,995,724	1,982,135
Current liabilities:
Accounts payable and accrued liabilities	190,474	181,010
Accrued income taxes	4,747	4,121
Total current liabilities	195,221	185,131
Other long-term liabilities	14,360	15,897
Long-term deferred tax liability	(12,269)	(11,296)
Intercompany payables	103,625	111,619
Contingencies (Note 11)
Stockholders' equity:
Common stock	43,003	43,003
Capital in excess of par value	1,449,633	1,444,091
Retained earnings (accumulated deficit)	202,749	194,246
Total controlling interest stockholders' equity	1,695,385	1,681,340
Noncontrolling interest	(598)	(556)
Total equity	1,694,787	1,680,784
Total liabilities and stockholders' equity	1,995,724	1,982,135
Consolidation, Eliminations [Member]
Current assets:
Accounts and notes receivable, net	(503,736)	(485,663)
Deferred income taxes		486
Total current assets	(503,736)	(485,177)
Property, plant and equipment, net	0	1
Investment in subsidiaries and intercompany advances	(1,903,543)	(1,855,050)
Other noncurrent assets		363
Total assets	(2,407,279)	(2,339,863)
Current liabilities:
Accounts payable and accrued liabilities	(218,008)	(199,936)
Total current liabilities	(218,008)	(199,936)
Long-term deferred tax liability		847
Intercompany payables	(209,866)	(217,859)
Contingencies (Note 11)
Stockholders' equity:
Common stock	(61,052)	(61,052)
Capital in excess of par value	(2,182,745)	(2,177,211)
Retained earnings (accumulated deficit)	264,392	315,348
Total controlling interest stockholders' equity	(1,979,405)	(1,922,915)
Total equity	(1,979,405)	(1,922,915)
Total liabilities and stockholders' equity	$ (2,407,279)	$ (2,339,863)