| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenues: | ||||||||||||
Total revenues | ||||||||||||
980 | 1,083 | 1,485 | 1,600 | 2,419 | 2,814 | 2,920 | 2,986 | 3,322 | 3,322 | 3,631 | 3,544 | 2,567 |
Operating expenses: | ||||||||||||
Depreciation | ||||||||||||
355 | 331 | 348 | 381 | 493 | 456 | 388 | 392 | 398 | 393 | 346 | 287 | 235 |
General and administrative | ||||||||||||
67 | 85 | 74 | 63 | 66 | 81 | 64 | 64 | 65 | 66 | 62 | 60 | 53 |
Impairment of assets | ||||||||||||
- | 27 | 99 | 678 | 860 | 109 | - | 62 | - | - | - | - | - |
Bad debt recovery | ||||||||||||
- | - | - | 0 | 0 | - | -22 | 1 | 6 | -9 | 9 | 31 | 0 |
Restructuring and separation costs | ||||||||||||
- | 5 | 14 | - | 9 | - | - | - | - | - | - | - | - |
Casualty loss | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | 6 | 0 |
(Gain) loss on disposition of assets | ||||||||||||
-1 | -0 | 10 | -3 | 2 | 5 | 4 | 80 | 4 | 34 | 7 | 2 | 8 |
Total operating expenses | ||||||||||||
1,262 | 1,195 | 1,361 | 1,957 | 2,713 | 2,242 | 2,118 | 2,024 | 2,067 | 1,897 | 1,728 | 1,633 | 1,344 |
Operating loss | ||||||||||||
-282 | -112 | 123 | -356 | -294 | 572 | 801 | 962 | 1,255 | 1,425 | 1,903 | 1,910 | 1,223 |
Other income (expense): | ||||||||||||
Interest income | ||||||||||||
6 | 8 | 2 | 0 | 3 | 0 | 0 | 4 | 6 | 2 | 4 | 11 | 33 |
Interest expense, net of amounts capitalized | ||||||||||||
122 | 123 | 113 | 89 | 93 | 62 | 24 | 46 | 73 | 90 | 49 | 10 | 21 |
Loss on extinguishment of senior notes | ||||||||||||
- | - | -35 | - | - | - | - | - | - | - | - | - | - |
Foreign currency transaction gain (loss) | ||||||||||||
-3 | -0 | -1 | -11 | 2 | 3 | -4 | -1 | -8 | 1 | 11 | -65 | 2 |
Other, net | ||||||||||||
0 | 0 | 2 | -10 | 0 | 0 | 1 | -0 | -1 | -2 | -1 | 0 | 5 |
Loss before income tax benefit | ||||||||||||
-402 | -226 | -21 | -468 | -381 | 515 | 774 | 918 | 1,179 | 1,336 | 1,868 | 1,847 | 1,243 |
Income tax benefit | ||||||||||||
-44 | -46 | -39 | -95 | -107 | 128 | 225 | 197 | 216 | 380 | 492 | 536 | 398 |
Net loss | ||||||||||||
-357 | -180 | 18 | -372 | -274 | 387 | 548 | 720 | 962 | 955 | 1,376 | 1,310 | 844 |
(Loss) earnings per share: | ||||||||||||
Basic | ||||||||||||
-2.60 | -1.31 | 0.13 | -2.72 | -2.00 | 2.82 | 3.95 | 5.18 | - | 6.87 | 9.90 | 9.43 | 6.13 |
Diluted | ||||||||||||
-2.60 | -1.31 | 0.13 | -2.72 | -2.00 | 2.81 | 3.95 | 5.18 | - | 6.87 | 9.89 | 9.42 | 6.11 |
Loss per share, Basic and Diluted | ||||||||||||
- | - | - | - | - | - | - | - | 6.92 | - | - | - | - |
Weighted-average shares outstanding: | ||||||||||||
Shares of common stock | ||||||||||||
137 | 137 | 137 | 137 | 137 | 137 | 139 | 139 | 139 | 139 | 139 | 138 | 137 |
Dilutive potential shares of common stock | ||||||||||||
- | - | 0 | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
Total weighted-average shares outstanding | ||||||||||||
137 | 137 | 137 | 137 | 137 | 137 | 139 | 139 | 139 | 139 | 139 | 139 | 138 |
Cash dividends declared per share of common stock | ||||||||||||
- | - | - | - | - | 3.50 | 3.50 | 3.50 | 3.50 | 5.25 | 8.00 | 6.12 | - |
Contract Drilling [Member] | ||||||||||||
Total revenues | ||||||||||||
934 | 1,059 | 1,451 | 1,525 | 2,360 | 2,737 | 2,843 | 2,936 | 3,254 | 3,229 | 3,536 | 3,476 | 2,505 |
Contract drilling, excluding depreciation | ||||||||||||
793 | 722 | 801 | 772 | 1,227 | 1,523 | 1,572 | 1,537 | 1,548 | 1,391 | 1,223 | 1,185 | 1,003 |
Reimbursable Expenses [Member] | ||||||||||||
Total revenues | ||||||||||||
45 | 23 | 34 | 75 | 59 | 77 | 76 | 50 | 68 | 93 | 94 | 67 | 62 |
Contract drilling, excluding depreciation | ||||||||||||
45 | 22 | 33 | 58 | 58 | 76 | 74 | 48 | 66 | 91 | 93 | 65 | 60 |