v3.24.2
BUSINESS SEGMENTS AND GEOGRAPHIC INFORMATION (Tables)
 9 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
Schedule of Financial Information of Reportable Segments
Summarized financial information of our reportable segments for the three and nine months ended June 30, 2024 and 2023 is shown in the following tables:
Three Months Ended June 30, 2024
(in thousands)North America SolutionsInternational SolutionsOffshore Gulf of MexicoOtherEliminationsTotal
External sales$620,040 $47,882 $27,218 $2,584 $— $697,724 
Intersegment— — — 14,677 (14,677)— 
Total sales620,040 47,882 27,218 17,261 (14,677)697,724 
Segment operating income (loss)
$163,359 $(4,844)$5,010 $(4,791)$(616)$158,118 
Three Months Ended June 30, 2023
(in thousands)North America SolutionsInternational SolutionsOffshore Gulf of MexicoOtherEliminationsTotal
External sales$641,612 $48,692 $31,221 $2,431 $— $723,956 
Intersegment— — — 17,359 (17,359)— 
Total sales641,612 48,692 31,221 19,790 (17,359)723,956 
Segment operating income (loss)
$169,499 $(1,397)$4,705 $2,104 $4,470 $179,381 
Nine Months Ended June 30, 2024
(in thousands)North America SolutionsInternational SolutionsOffshore Gulf of MexicoOtherEliminationsTotal
External sales$1,827,661 $148,512 $78,662 $7,979 $— $2,062,814 
Intersegment— — — 45,649 (45,649)— 
Total sales1,827,661 148,512 78,662 53,628 (45,649)2,062,814 
Segment operating income (loss)
$454,979 $4,148 $8,140 $(2,073)$(1,054)$464,140 
Nine Months Ended June 30, 2023
(in thousands)North America SolutionsInternational SolutionsOffshore Gulf of MexicoOtherEliminationsTotal
External sales$1,944,555 $159,383 $101,364 $7,513 $— $2,212,815 
Intersegment— — — 51,423 (51,423)— 
Total sales1,944,555 159,383 101,364 58,936 (51,423)2,212,815 
Segment operating income $496,945 $4,132 $18,138 $13,604 $4,513 $537,332 
Schedule of Reconciliation of Segment Operating Income (Loss) to Income from Continuing Operations Before Income Taxes
The following table reconciles segment operating income per the tables above to income before income taxes as reported on the Unaudited Condensed Consolidated Statements of Operations:
Three Months Ended
June 30,		Nine Months Ended
June 30,
(in thousands)2024202320242023
Segment operating income$158,118 $179,381 $464,140 $537,332 
Gain on reimbursement of drilling equipment9,732 10,642 24,687 37,940 
Other gain (loss) on sale of assets
(2,730)(4,504)(2,718)394 
Corporate selling, general and administrative costs and corporate depreciation(53,807)(36,777)(140,756)(107,496)
Operating income111,313 148,742 345,353 468,170 
Other income (expense)
Interest and dividend income11,888 10,748 29,189 20,508 
Interest expense(4,336)(4,324)(12,969)(12,918)
Gain (loss) on investment securities389 (18,538)102 6,123 
Other3,134 (672)2,991 (1,218)
Total unallocated amounts11,075 (12,786)19,313 12,495 
Income before income taxes$122,388 $135,956 $364,666 $480,665 
Schedule of Total Assets by Reportable Segment
The following table reconciles segment total assets to total assets as reported on the Unaudited Condensed Consolidated Balance Sheets:
(in thousands)June 30, 2024September 30, 2023
Total assets1
North America Solutions$3,340,926 $3,320,203 
International Solutions526,030 407,143 
Offshore Gulf of Mexico75,885 73,319 
Other171,550 154,290 
4,114,391 3,954,955 
Investments and corporate operations370,591 427,001 
$4,484,982 $4,381,956 
(1)Assets by segment exclude investments in subsidiaries and intersegment activity.
Schedule of Revenues from External Customers by Country
The following table presents revenues from external customers by country based on the location of service provided:
Three Months Ended
June 30,		Nine Months Ended
June 30,
(in thousands)2024202320242023
Operating revenues
United States$648,816 $674,658 $1,911,122 $2,051,133 
Argentina38,064 32,388 107,964 101,712 
Colombia31 9,433 8,976 39,454 
Bahrain4,602 4,458 13,634 10,925 
United Arab Emirates2,287 2,401 8,082 7,280 
Australia2,898 — 9,856 — 
Other foreign1,026 618 3,180 2,311 
Total$697,724 $723,956 $2,062,814 $2,212,815