Patterson-uti energy, inc. (PTEN)
Income statement / Quarterly
Mar'20Dec'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'11Dec'10Sep'10Jun'10Mar'10Dec'09Sep'09Jun'09Mar'09Sep'08Jun'08
Operating revenues:
Oil and gas services

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

239,966

210,745

-

112,294

101,716

225,704

498,510

416,835

Pressure pumping

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

59,364

53,751

-

41,687

33,616

38,105

60,618

57,094

Drilling and completion fluids

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

35,734

38,745

Oil and natural gas

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,027

7,816

6,500

-

-

-

-

11,928

13,827

14,717

16,785

-

14,933

14,690

14,717

14,881

11,837

13,454

10,387

8,861

6,800

7,662

7,102

5,963

5,690

5,165

4,400

13,670

13,609

Total operating revenues

445,927

492,297

598,452

675,765

704,171

795,937

867,478

854,418

809,164

787,334

684,989

579,186

305,175

246,887

206,133

193,907

268,939

338,566

422,251

472,761

657,699

901,219

845,628

757,276

678,168

658,772

730,907

659,316

667,039

652,750

643,631

681,112

745,921

724,647

673,828

600,064

567,404

505,678

378,663

306,992

271,598

213,569

159,671

140,497

268,209

608,532

526,283

Operating costs and expenses:
Oil and natural gas

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,519

2,779

2,798

-

3,275

2,872

3,274

3,171

3,602

3,214

2,922

3,286

2,704

2,583

2,730

3,209

2,306

2,103

1,997

1,694

1,484

1,780

2,062

1,765

1,780

1,820

1,976

4,338

3,529

Drilling and completion fluids

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

33,426

31,449

Depreciation, depletion, amortization and impairment

186,797

180,011

400,764

208,688

214,410

212,390

281,652

212,384

209,892

211,154

196,642

219,328

156,217

157,225

163,464

170,975

176,770

175,302

332,151

181,924

175,382

180,157

237,825

153,426

147,322

183,118

140,734

137,182

136,435

132,791

142,393

128,477

122,953

127,602

110,713

102,749

96,215

93,563

85,431

78,783

75,716

82,276

69,582

68,257

69,732

67,998

65,673

Impairment of goodwill

395,060

-

17,800

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

124,561

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Selling, general and administrative

30,346

31,833

34,231

34,894

32,555

32,771

32,820

35,663

32,817

34,700

28,817

23,478

18,852

17,534

16,612

17,087

17,972

16,578

18,582

19,216

20,537

22,028

18,896

19,548

19,673

18,556

19,580

18,319

17,397

16,664

17,222

16,719

13,868

15,590

15,957

16,749

15,975

15,551

13,685

12,343

11,463

10,722

11,384

11,454

10,375

17,469

17,747

Net gain on asset disposals

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,870

3,091

1,744

1,098

1,378

1,033

-125

1,111

1,963

28,332

2,400

941

1,437

1,017

1,604

872

250

21,939

-249

-3,808

868

-234

-211

505

2,721

Credit loss expense

1,055

-

-

3,594

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-500

0

0

1,600

-

-

-

-

-

500

-1,000

-

-9,845

285

1,750

4,000

-

-

Merger and integration expenses

-

-

-

-

-

0

0

747

1,991

8,702

9,449

51,193

5,156

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other operating expenses (income), net

-451

2,388

252

-9,071

8,736

7,248

771

7,129

2,421

13,456

3,791

1,806

12,904

4,038

4,118

4,822

1,345

3,337

1,362

2,998

-9,344

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total operating costs and expenses

940,337

575,060

905,757

723,890

727,554

1,006,727

947,759

863,422

831,266

808,981

723,005

719,422

397,814

360,113

329,542

318,239

364,198

415,362

751,766

497,525

633,596

794,386

815,337

670,050

619,392

626,670

606,356

588,710

572,107

552,541

555,037

530,218

588,257

580,747

541,534

468,204

449,857

410,850

326,154

261,235

263,767

236,463

184,290

166,352

243,055

443,250

399,864

Operating loss

-494,410

-82,763

-307,305

-48,125

-23,383

-210,790

-80,281

-9,004

-22,102

-21,647

-38,016

-140,236

-92,639

-113,226

-123,409

-124,332

-95,259

-76,796

-329,515

-24,764

24,103

106,833

30,291

87,226

58,776

32,102

124,551

70,606

94,932

100,209

88,594

150,894

157,664

143,900

132,294

131,860

117,547

94,828

52,509

45,757

7,831

-22,894

-24,619

-25,855

25,154

165,282

126,419

Other income (expense):
Interest income

657

1,532

1,693

1,756

1,032

997

817

2,360

1,423

717

101

642

406

54

63

100

110

40

323

318

283

361

234

208

176

202

293

250

173

172

149

179

54

52

47

45

43

43

64

1,380

187

63

53

204

61

601

493

Interest expense, net of amount capitalized

11,224

28,183

20,739

13,298

12,984

12,910

12,376

12,667

13,625

10,543

9,584

9,075

8,270

8,644

10,244

10,678

10,800

9,431

9,254

9,249

8,541

8,395

6,993

7,249

7,188

7,149

7,503

6,941

6,766

5,910

7,207

5,051

4,582

4,414

3,835

3,514

3,889

3,761

6,227

1,383

1,401

1,414

1,448

839

447

125

63

Other

85

61

119

92

117

84

281

216

169

117

78

131

17

17

19

17

16

-

16

-

-

-

-

3

-

911

380

381

19

-27

624

-144

55

10

375

78

119

418

260

174

75

163

228

12

23

44

353

Total other expense

-10,482

-26,590

-18,927

-11,450

-11,835

-11,829

-11,278

-10,091

-12,033

-9,709

-9,405

-8,302

-7,847

-8,573

-10,162

-10,561

-10,674

-9,373

-8,915

-8,931

-8,258

-8,034

-6,759

-7,038

-7,012

-6,036

-6,830

-6,310

-6,574

-5,765

-6,434

-5,016

-4,473

-4,352

-3,413

-3,391

-3,727

-3,300

-5,903

171

-1,139

-1,188

-1,167

-623

-363

520

783

Loss before income taxes

-504,892

-109,353

-326,232

-59,575

-35,218

-222,619

-91,559

-19,095

-34,135

-31,356

-47,421

-148,538

-100,486

-121,799

-133,571

-134,893

-105,933

-86,169

-338,430

-33,695

15,845

98,799

23,532

80,188

51,764

26,066

117,721

64,296

88,358

94,444

82,160

145,878

153,191

139,548

128,881

128,469

113,820

91,528

46,606

45,928

6,692

-24,082

-25,786

-26,478

24,791

165,802

127,202

Current

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,705

30,520

-

48,618

25,680

26,935

22,039

25,916

2,335

7,573

6,880

2,199

-829

7,510

3,145

6,795

15,449

3,582

-70,404

-1,748

1,935

-4,417

-113,807

-2,677

-2,388

-166

44,287

29,229

Deferred

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-16,425

-23,800

-

-41,062

225

-9,993

-12,564

17,385

21,193

24,555

28,705

29,155

54,169

48,407

48,808

40,158

31,382

38,619

107,122

18,980

14,465

6,923

105,815

-6,295

-7,199

9,122

12,769

16,551

Income tax benefit

-70,170

-23,430

-64,513

-10,128

-6,604

-21,370

-16,517

-8,382

282

-226,758

-13,652

-56,354

-36,947

-43,677

-49,428

-49,027

-35,430

-27,511

-112,452

-14,720

6,720

41,216

7,556

25,905

16,942

9,475

43,301

23,528

32,128

35,585

31,354

53,340

55,917

51,953

46,953

46,831

42,201

36,718

17,232

16,400

2,506

-7,992

-8,972

-9,587

8,956

57,056

45,780

Income from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

87,595

81,928

81,638

71,619

54,810

29,374

29,528

4,186

-16,090

-16,814

-16,891

15,835

-

-

Loss from discontinued operations, net of income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-367

-

-

-

-

-2,080

-1,766

-852

368

-

-

Net loss

-434,722

-85,923

-261,719

-49,447

-28,614

-201,249

-75,042

-10,713

-34,417

195,402

-33,769

-92,184

-63,539

-78,122

-84,143

-85,866

-70,503

-58,658

-225,978

-18,975

9,125

57,583

15,976

54,283

34,822

16,591

74,420

40,768

56,230

58,859

50,806

92,538

97,274

87,595

81,928

81,638

71,252

53,854

29,374

29,528

4,186

-18,170

-18,580

-17,743

16,203

108,746

81,422

Net loss per common share:
Income from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.56

0.53

0.53

0.46

0.36

0.19

0.19

0.03

-0.10

-0.11

-0.11

0.10

-

-

Loss from discontinued operations, net of income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

0.00

0.00

0.00

-0.01

0.00

0.00

0.00

-0.01

-0.01

-0.01

0.00

-

-

Basic

-2.28

-0.41

-1.31

-0.24

-0.14

-0.92

-0.34

-0.05

-0.16

1.05

-0.16

-0.46

-0.40

-0.54

-0.58

-0.58

-0.48

-0.39

-1.54

-0.13

0.06

0.40

0.11

0.37

0.24

0.12

0.51

0.28

0.38

0.40

0.34

0.60

0.62

0.56

0.53

0.53

0.46

0.35

0.19

0.19

0.03

-0.12

-0.12

-0.12

0.11

0.70

0.52

Income from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.55

0.53

0.52

0.46

0.35

0.19

0.19

0.03

-0.10

-0.11

-0.11

0.10

-

-

Loss from discontinued operations, net of income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

0.00

0.00

0.00

-0.01

0.00

0.00

0.00

-0.01

-0.01

-0.01

0.00

-

-

Diluted

-2.28

-0.41

-1.31

-0.24

-0.14

-0.92

-0.34

-0.05

-0.16

1.05

-0.16

-0.46

-0.40

-0.54

-0.58

-0.58

-0.48

-0.39

-1.54

-0.13

0.06

0.39

0.11

0.37

0.24

0.11

0.51

0.28

0.38

0.41

0.33

0.60

0.62

0.55

0.53

0.52

0.46

0.35

0.19

0.19

0.03

-0.12

-0.12

-0.12

0.11

0.69

0.52

Weighted average number of common shares outstanding:
Basic

190,674

193,446

199,343

207,499

211,868

215,637

218,059

220,093

220,783

220,647

211,875

201,204

160,062

146,672

146,326

145,944

145,770

145,719

145,662

145,300

144,983

144,952

144,798

143,622

142,892

142,686

144,446

145,465

144,827

146,836

149,846

153,269

154,625

156,189

152,617

153,556

153,122

153,047

152,933

152,650

152,458

152,358

152,242

151,941

151,735

154,266

153,978

Diluted

190,674

193,446

199,343

207,499

211,868

215,637

218,059

220,093

220,783

226,387

211,875

201,204

160,062

146,672

146,326

145,944

145,770

144,957

145,662

145,300

145,745

143,385

146,991

146,029

145,099

142,623

145,432

146,374

146,783

147,218

150,522

153,655

155,401

156,862

154,120

155,581

154,653

153,002

154,109

152,871

153,122

152,264

152,242

151,941

151,829

155,308

155,894

Cash dividends per common share

0.04

-

0.04

0.04

0.04

-

0.04

0.04

0.02

-

0.02

0.02

0.02

-

0.02

0.02

0.10

0.10

0.10

0.10

0.10

0.10

0.10

0.10

0.10

0.05

0.05

0.05

0.05

0.05

0.05

0.05

0.05

0.05

0.05

0.05

0.05

0.05

0.05

0.05

0.05

0.05

0.05

0.05

0.05

0.16

0.16

Contract Drilling
Total operating revenues

267,364

270,785

317,035

348,138

372,392

387,487

365,280

349,922

327,803

309,580

301,614

270,111

158,728

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating costs and expenses

163,420

175,427

188,934

201,792

219,202

229,074

226,373

217,674

212,583

191,269

186,957

180,658

108,221

86,586

74,517

63,803

80,898

105,472

136,718

153,848

212,810

282,087

278,195

255,318

251,059

239,166

239,768

242,748

247,072

254,580

265,542

272,720

282,649

270,907

264,418

218,754

218,699

196,230

174,999

149,303

135,146

103,436

71,035

56,950

126,321

282,698

251,381

Impairment of goodwill

395,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss before income taxes

-

-

-14,500

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Pressure Pumping
Total operating revenues

125,107

161,448

208,637

251,008

247,601

319,703

421,606

425,303

406,784

406,652

362,441

290,044

141,174

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating costs and expenses

114,855

139,597

176,306

206,137

202,748

257,497

342,498

342,885

320,970

323,607

290,315

233,900

119,013

100,008

77,221

69,546

87,813

117,943

138,597

142,756

212,725

313,509

281,016

241,977

199,808

183,757

204,050

188,280

168,156

146,831

129,139

138,051

166,857

164,380

149,577

128,866

118,575

102,699

51,305

41,965

39,131

36,681

31,092

25,887

30,440

36,576

32,506

Directional Drilling
Total operating revenues

34,485

38,572

47,037

50,218

52,959

56,398

51,556

52,705

48,616

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating costs and expenses

32,329

34,726

56,215

42,102

45,602

49,715

44,740

43,685

37,689

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other
Total operating revenues

18,971

21,492

25,743

26,401

31,219

32,349

29,036

26,488

25,961

25,522

20,934

19,031

5,273

5,160

4,284

4,722

3,967

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating costs and expenses

16,024

13,765

31,759

17,612

21,773

21,399

20,447

17,513

17,745

20,882

14,616

12,671

3,259

2,798

1,846

1,650

2,090

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,250

300