Consolidated Statement of Operations - USD ($) shares in Thousands, $ in Thousands |
1 Months Ended |
11 Months Ended |
12 Months Ended |
Feb. 09, 2016 |
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
| Revenue |
|
|
|
|
| Contract drilling services |
|
$ 134,370
|
|
|
| Management fees |
|
4,074
|
|
|
| Reimbursables |
|
20,204
|
|
|
| Total revenue |
|
158,648
|
|
|
| Operating costs and expenses |
|
|
|
|
| Operating costs |
|
123,022
|
|
|
| General and administrative |
|
36,922
|
|
|
| Depreciation |
|
67,920
|
|
|
| Total operating costs and expenses |
|
227,864
|
|
|
| Income (loss) from operations |
|
(69,216)
|
|
|
| Other income (expense) |
|
|
|
|
| Interest income |
|
18
|
|
|
| Interest expense and other financing charges |
|
(67,023)
|
|
|
| Other, net |
|
1,132
|
|
|
| Reorganization items |
|
(1,380)
|
|
|
| Total other expense |
|
(67,253)
|
|
|
| Income (loss) before income taxes |
|
(136,469)
|
|
|
| Income tax provision |
|
10,948
|
|
|
| Net income (loss) |
|
(147,417)
|
|
|
| Net income (loss) attributable to VDI |
|
$ (147,417)
|
|
|
| Net loss per share, basic and diluted |
|
$ (29.48)
|
|
|
| Weighted average successor ordinary shares outstanding, basic and diluted |
|
5,000
|
|
|
| Predecessor |
|
|
|
|
| Revenue |
|
|
|
|
| Contract drilling services |
$ 20,891
|
|
$ 726,717
|
$ 807,164
|
| Management fees |
752
|
|
7,501
|
21,258
|
| Reimbursables |
1,897
|
|
38,047
|
54,482
|
| Total revenue |
23,540
|
|
772,265
|
882,904
|
| Operating costs and expenses |
|
|
|
|
| Operating costs |
25,213
|
|
359,610
|
405,697
|
| General and administrative |
2,558
|
|
25,322
|
25,390
|
| Depreciation |
10,696
|
|
127,359
|
126,610
|
| Total operating costs and expenses |
38,467
|
|
512,291
|
557,697
|
| Income (loss) from operations |
(14,927)
|
|
259,974
|
325,207
|
| Other income (expense) |
|
|
|
|
| Interest income |
3
|
|
84
|
70
|
| Interest expense and other financing charges |
(1,728)
|
|
(173,634)
|
(196,159)
|
| Gain on debt extinguishment |
|
|
10,823
|
4,408
|
| Other, net |
(69)
|
|
4,231
|
(596)
|
| Reorganization items |
(452,919)
|
|
(39,354)
|
|
| Total other expense |
(454,713)
|
|
(197,850)
|
(192,277)
|
| Income (loss) before income taxes |
(469,640)
|
|
62,124
|
132,930
|
| Income tax provision |
2,371
|
|
39,870
|
39,817
|
| Net income (loss) |
(472,011)
|
|
22,254
|
93,113
|
| Net income (loss) attributable to noncontrolling interests |
(969)
|
|
5,036
|
257
|
| Net income (loss) attributable to VDI |
$ (471,042)
|
|
$ 17,218
|
$ 92,856
|