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PATTERSON-UTI   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2020201920182017201620152014201320122011
Period End Date12/31/202012/31/201912/31/201812/31/201712/31/201612/31/201512/31/201412/31/201312/31/201212/31/2011
Contract drilling669.131,308.351,430.491,040.03543.661,153.891,838.831,679.611,821.711,669.58
Pressure pumping336.11868.691,573.401,200.31354.07712.451,293.27979.17841.77845.80
Drilling and completion fluids73.36188.79209.2845.58------------
Oil and natural gas--------------57.2659.9350.56
Oil and natural gas, well operation fees--------------------
Other45.66104.86113.8370.7618.1324.9350.20------
Total Revenues1,124.252,470.693,327.002,356.68915.871,891.283,182.292,716.032,723.412,565.94
Cost of goods sold : Contract drilling380.82785.36885.70667.11305.80608.851,066.66968.751,075.49972.78
Cost of goods sold : Pressure pumping310.26724.791,263.85966.84334.59612.021,036.31744.24580.88561.40
Cost of goods sold : Drilling and completion fluids------32.17------------
Cost of goods sold : Oil and natural gas41.7984.9177.1051.438.3811.5013.1012.9111.309.62
Cost of goods sold : Oil and natural gas, third party production--------------------
Direct operating costs69.05178.65175.83--------------
Depreciation, depletion and impairment670.911,003.87916.32783.34668.43864.76718.73597.47526.61437.28
Impairment of goodwill395.0617.80211.130.00------------
Goodwill impairment----------124.56--------
Selling, general and administrative97.61133.51134.07105.8569.2174.9180.1573.8564.4764.27
Restructuring and other charges38.34------------------
Acquisition-related expenses--------------------
Other operating expenses(7.06)2.3117.5731.9614.321.6515.78------
Embezzlement costs, net of recoveries--------------------
Gain/loss on sale of assets--------------3.3833.815.00
Provision for bad debts------0.00--------(1.10)--
Merger and integration expenses0.000.00(2.74)(74.45)0.00----------
Credit loss expense(5.61)(5.68)0.00--------------
TOTAL OPERATING EXPENSE2,016.512,932.263,649.172,649.221,372.092,298.252,899.172,393.842,226.052,040.34
Operating income (loss)(892.26)(461.58)(322.18)(292.54)(456.23)(406.97)283.13322.19497.36525.60
Interest expense40.7775.2051.5837.4740.3736.4829.8328.3622.7515.65
Merger costs--------------------
Interest income1.256.015.601.870.330.960.980.920.550.19
Other0.760.390.750.340.070.030.001.690.510.58
Total other expense(38.76)(68.80)(45.23)(35.26)(39.97)(35.48)(28.84)(25.75)(21.69)(14.88)
Pre-Tax Income(931.02)(530.38)(367.41)(327.80)(496.20)(442.45)254.28296.44475.67510.72
Federal income tax expense (benefit): Current(1.98)(1.98)(3.95)(0.04)(0.37)(42.02)--41.56(0.51)16.34
Federal income tax expense (benefit): Deferred(107.33)(90.44)(35.08)(335.11)(3.41)(83.81)--47.14156.00146.84
State income tax expense: Current0.230.851.70(0.22)(0.26)(3.48)--11.7312.466.06
State income tax expense: Deferred(17.95)(11.59)(11.15)4.51(14.16)(12.43)--4.235.4813.20
Foreign income tax expense: Current(0.29)(0.35)(2.55)(3.11)(24.78)(2.59)--4.573.826.58
Foreign income tax expense: Deferred--(1.17)5.040.25(134.59)(3.63)--(0.80)(1.05)(1.07)
Provision for Income Taxes - Total(127.33)(104.68)(45.99)(333.71)(177.56)(147.96)91.62108.43176.20187.94
Income from continuing operations------------------322.78
Income (loss) from discontinued operations, net of income taxes------------------(0.37)
Income Before Extraordinary Income & Accounting Change--------------------
Cumulative effect of accounting change--------------------
Consolidated Net Income (Loss)(803.69)(425.70)(321.42)5.91(318.63)(294.49)162.66188.01299.48--
Adjust for income attributed to holders of non-vested restricted stock------0.17----1.661.862.53--
Net Income (Loss) available to limited partners shareholders(803.69)(425.70)(321.42)5.74(318.63)(294.49)161.00186.15296.95322.41
Income (loss) from continuing operations------------------2.08
Income (loss) from discontinued operations--------------------
NET EARNINGS PER SHARE (BASIC)(4.27)(2.10)(1.47)0.03(2.18)(2.00)1.121.291.962.08
Income (loss) from continuing operations------------------2.06
Income (loss) from discontinued operations--------------------
NET EARNINGS PER SHARE (DILUTED)(4.27)(2.10)(1.47)0.03(2.18)(2.00)1.111.281.962.06
Weighted Average Shares Outstanding (Basic)188.01203.04218.64198.45146.18145.42144.07144.36151.14153.87
Weighted Average Shares Outstanding (Diluted)188.01203.04218.64199.88146.18145.42145.38145.30151.70155.30