v3.24.2
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands
 3 Months Ended 9 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
OPERATING REVENUES        
Drilling services $ 695,139,000 $ 721,567,000 $ 2,054,835,000 $ 2,205,419,000
Other 2,585,000 2,389,000 7,979,000 7,396,000
Total operating revenues 697,724,000 723,956,000 2,062,814,000 2,212,815,000
OPERATING COSTS AND EXPENSES        
Drilling services operating expenses, excluding depreciation and amortization 417,028,000 429,182,000 1,222,182,000 1,306,543,000
Other operating expenses 1,144,000 1,003,000 3,307,000 3,317,000
Depreciation and amortization 97,816,000 94,811,000 296,352,000 287,721,000
Research and development 10,555,000 7,085,000 32,105,000 22,720,000
Selling, general and administrative 66,870,000 49,271,000 185,484,000 150,581,000
Asset impairment charges 0 0 0 12,097,000
Gain on reimbursement of drilling equipment (9,732,000) (10,642,000) (24,687,000) (37,940,000)
Other (gain) loss on sale of assets (2,730,000) (4,504,000) (2,718,000) 394,000
Total operating costs and expenses 586,411,000 575,214,000 1,717,461,000 1,744,645,000
OPERATING INCOME 111,313,000 148,742,000 345,353,000 468,170,000
Other income (expense)        
Interest and dividend income 11,888,000 10,748,000 29,189,000 20,508,000
Interest expense (4,336,000) (4,324,000) (12,969,000) (12,918,000)
Gain (loss) on investment securities 389,000 (18,538,000) 102,000 6,123,000
Other 3,134,000 (672,000) 2,991,000 (1,218,000)
Total unallocated amounts 11,075,000 (12,786,000) 19,313,000 12,495,000
Income before income taxes 122,388,000 135,956,000 364,666,000 480,665,000
Income tax expense 33,703,000 40,663,000 95,977,000 124,187,000
NET INCOME $ 88,685,000 $ 95,293,000 $ 268,689,000 $ 356,478,000
Basic earnings per common share        
Net income (loss) (in dollars per share) $ 0.89 $ 0.93 $ 2.68 $ 3.40
Diluted earnings per common share:        
Net income (in dollars per share) $ 0.88 $ 0.93 $ 2.67 $ 3.39
Weighted average shares outstanding:        
Basic (in shares) 98,752 101,163 98,891 103,464
Diluted (in shares) 99,007 101,550 99,116 103,852