Parker drilling co /de/ (PKD)
Income statement / Quarterly
Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Revenues

156,281

160,083

156,031

157,397

129,148

123,395

118,603

109,675

-

118,308

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Revenues

-

-

-

-

-

-

-

-

-

-

109,607

98,271

-

97,189

105,287

130,503

148,748

173,418

185,941

204,076

243,213

242,012

254,234

229,225

243,321

237,762

225,954

167,135

156,966

165,301

178,925

176,569

180,654

176,589

172,812

156,179

-

-

Expenses:
Operating expenses

124,040

117,486

112,649

120,871

100,993

93,943

91,634

91,534

91,912

88,120

89,641

85,814

80,529

84,680

89,195

108,117

114,488

128,963

143,569

139,270

167,990

160,797

174,569

166,025

158,378

153,147

143,401

116,746

112,246

101,484

104,526

94,932

105,576

99,042

104,683

107,376

-

-

International Drilling

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

53,614

52,932

U.S. Drilling

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14,929

15,336

Rental Tools

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

48,114

41,359

Project Management and Engineering Services

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

27,599

26,363

Construction Contract

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

27,773

20,535

Total revenues

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

172,029

156,525

International Drilling

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

51,312

39,423

U.S. Drilling

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13,287

13,540

Rental Tools

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

16,583

14,268

Project Management and Engineering Services

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

20,378

21,701

Construction Contract

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

28,122

20,043

Depreciation, Depletion and Amortization

20,779

20,329

20,391

25,102

24,340

27,520

27,136

28,549

29,122

30,067

30,982

32,202

33,190

34,474

36,317

35,814

37,720

39,584

38,351

40,539

38,455

36,149

36,180

34,337

36,379

35,882

32,280

29,512

27,660

29,779

27,959

27,619

29,624

27,581

27,332

27,599

28,904

29,012

Total expenses

144,819

137,815

133,040

145,973

125,333

121,463

118,770

120,083

121,034

118,187

120,623

118,016

113,719

119,154

125,512

143,931

152,208

168,547

181,920

179,809

206,445

196,946

210,749

200,362

194,757

189,029

175,681

146,258

139,906

131,263

132,485

122,551

135,200

126,623

132,015

134,975

-

-

Total operating expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

158,586

137,987

Gross Profit

11,462

22,268

22,991

11,424

3,815

1,932

-167

-10,408

-4,700

121

-11,016

-19,745

-19,694

-21,965

-20,225

-13,428

-3,460

4,871

4,021

24,267

36,768

45,066

43,485

28,863

48,564

48,733

50,273

20,877

17,060

34,038

46,440

54,018

45,454

49,966

40,797

21,204

13,443

18,538

General and Administrative Expense

6,374

5,983

5,610

8,147

-4,439

14,495

8,288

6,201

5,100

7,033

6,503

7,040

9,132

7,424

7,995

9,781

6,947

8,895

9,511

10,837

9,675

9,370

7,007

8,964

18,739

14,238

22,203

12,845

24,435

8,905

7,420

5,497

-

8,630

7,948

-

-

-

Loss on impairment

-

0

-

0

-

43,990

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for reduction in carrying value of certain assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

906

2,316

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

General and administration expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,806

-7,064

-6,937

Gain (loss) on disposition of assets, net

371

-92

-53

384

-1,598

9

-478

343

-2,483

97

-113

-352

-1,364

-187

-2

-60

-1,043

383

-138

2,441

621

-457

1,019

-129

1,235

1,094

517

1,148

-492

606

1,368

492

1,666

623

366

1,004

1,176

1,712

Pre-petition restructuring charges

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Reorganization Items

0

211

962

92,977

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Reorganization items

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating Income (Loss)

5,459

15,982

16,366

-89,316

-31,661

-56,544

-8,933

-16,266

-14,221

-6,815

-17,632

-27,137

-30,190

-29,576

-28,222

-23,269

-20,718

-4,547

-7,944

15,871

27,714

35,239

37,497

19,770

28,516

35,589

28,587

9,180

-7,867

25,739

40,388

49,013

-132,413

41,959

33,215

15,402

7,555

13,313

Other income (expense):
Interest expense

6,121

7,118

7,663

274

8,778

11,350

11,197

11,240

11,194

11,067

11,095

10,870

11,048

11,015

12,187

11,562

11,388

11,293

11,396

11,078

10,779

10,848

10,599

12,039

13,946

13,127

10,741

10,006

8,409

8,171

8,925

8,037

5,387

5,591

5,755

5,861

6,391

7,386

Interest income

151

362

374

8

15

23

30

23

84

128

22

10

10

9

32

7

60

7

19

183

39

36

88

32

58

130

2,203

59

44

30

53

26

47

29

133

47

46

78

Loss on extinguishment of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-479

-29,673

0

-5,218

0

0

-

-117

-1,649

-

-

-

-

-

-

-3,989

Change in fair value of derivative positions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

47

19

38

-49

-

-49

-137

-

-

-

Change in fair value of derivative positions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

17

-

-

-

-

-

-

-

-

-

-

-

Other

714

-258

-644

-10

-414

-709

-1,191

291

-326

-638

560

530

-1,409

-351

-358

2,485

-6,119

-719

-1,529

-1,380

1,148

-536

1,032

895

2,271

-144

-459

-165

-894

26

20

16

-604

-657

123

11

68

115

Total other income (expense)

-5,256

-7,014

-7,933

-276

-9,177

-12,036

-12,358

-10,926

-11,436

-11,577

-10,513

-10,330

-12,447

-11,357

-12,513

-9,070

-17,447

-12,005

-12,906

-12,275

-9,592

-11,348

-9,958

-40,785

-11,634

-18,359

-8,980

-10,112

-9,576

-8,213

-10,463

-8,044

-5,868

-6,268

-5,636

-5,803

-6,277

-11,182

Income (loss) before income taxes

203

8,968

8,433

-89,592

-40,838

-68,580

-21,291

-27,192

-25,657

-18,392

-28,145

-37,467

-42,637

-40,933

-40,735

-32,339

-38,165

-16,552

-20,850

3,596

18,122

23,891

27,539

-21,015

16,882

17,230

19,607

-932

-17,443

17,526

29,925

40,969

-138,281

35,691

27,579

9,599

1,278

2,131

Current Income Tax Expense (Benefit)

-

-

-

2,341

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,018

-3,104

4,992

Deferred Income Tax Expense (Benefit)

-

-

-

-1,685

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

821

3,890

-3,368

Total income tax expense

2,324

4,979

3,792

656

2,239

2,371

1,586

1,600

3,036

1,919

1,743

2,342

6,292

5,295

-913

63,496

-2,519

31,930

-6,916

-182

9,983

11,014

11,702

-8,623

6,767

9,112

11,233

-1,504

2,724

6,695

9,817

14,643

-48,112

15,042

13,464

4,839

786

1,624

Net income (loss)

-

-

-

-

-

-

-

-

-

-

-

-

-

-46,228

-39,822

-95,835

-35,646

-48,482

-13,934

3,778

8,139

12,877

15,837

-12,392

10,115

8,118

8,374

572

-20,167

10,831

20,108

26,326

-90,169

20,649

14,115

4,760

492

507

Less: Net income attributable to noncontrolling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

138

95

556

386

311

156

157

-57

148

93

-20

-69

-105

25

-66

7

-76

-58

-67

-

-

Net Income (Loss) Attributable to Parent

-2,121

3,989

4,641

-90,248

-43,073

-70,951

-22,877

-28,796

-28,693

-20,311

-29,888

-39,809

-

-

-

-95,835

-35,646

-48,620

-14,029

3,222

7,753

12,566

15,681

-12,549

10,172

7,970

8,281

592

-20,098

10,936

20,083

26,392

-90,176

20,725

14,173

4,827

492

507

Less: Predecessor preferred stock dividend

0

0

0

0

0

906

907

906

906

906

1,239

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Preferred Stock Dividends, Income Statement Impact

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Income (Loss) Available to Common Stockholders, Basic

-2,121

3,989

4,641

-90,248

-43,073

-71,857

-23,784

-29,702

-29,599

-21,217

-31,127

-39,809

-48,929

-46,228

-39,822

-95,835

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Earnings Per Share, Basic

-0.15

0.27

0.31

-9.63

-4.62

-7.70

-2.56

-3.21

-7.40

-2.30

-3.39

-0.31

-26.42

-0.37

-0.32

-0.78

-0.30

-0.40

-0.11

0.03

0.06

0.10

0.13

-0.10

0.09

0.07

0.07

0.00

-0.17

0.09

0.17

0.23

-0.77

0.18

0.12

0.04

0.00

0.00

Earnings Per Share, Diluted

-0.15

0.27

0.31

-9.63

-4.62

-7.70

-2.56

-3.21

-7.40

-2.30

-3.39

-0.31

-26.42

-0.37

-0.32

-0.78

-0.30

-0.40

-0.11

0.03

0.06

0.10

0.13

-0.10

0.08

0.07

0.07

0.00

-0.17

0.09

0.17

0.22

-0.77

0.18

0.12

0.04

0.00

0.00

Number of common shares used in computing earnings per share:
Weighted Average Number of Shares Outstanding, Basic

15,045

15,044

15,044

9,368

9,369

9,334

9,292

9,251

-112,213

9,220

9,188

130,142

-338,577

124,486

124,101

123,090

122,946

122,933

122,481

121,887

121,775

121,523

121,078

120,368

118,796

119,990

119,483

118,867

118,516

118,109

117,410

116,848

116,646

116,416

116,144

115,119

114,507

114,298

Weighted Average Number of Shares Outstanding, Diluted

15,091

15,044

15,044

9,368

9,369

9,334

9,292

9,251

-112,213

9,220

9,188

130,142

-338,577

124,486

124,101

123,090

121,125

122,933

122,481

123,708

125,995

123,177

122,764

120,368

121,291

121,674

121,860

120,072

120,241

119,201

118,526

118,404

113,324

117,425

117,253

116,322

116,235

115,428