Parker Wellbore Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Parent, Guarantor, Non-Guarantor Unaudited Consolidating Condensed Financial Statements - Consolidated Condensed Statements of Cash Flows (Detail)

Parent, Guarantor, Non-Guarantor Unaudited Consolidating Condensed Financial Statements - Consolidated Condensed Statements of Cash Flows (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Cash flows from operating activities:
Net income (loss)	$ 3,778us-gaap_ProfitLoss	$ (12,392)us-gaap_ProfitLoss
Adjustments to reconcile net income (loss)
Depreciation and amortization	40,539	34,337
Loss on extinguishment of debt	0	(29,673)
(Gain) loss on disposition of assets	(2,441)us-gaap_GainLossOnDispositionOfAssets	129us-gaap_GainLossOnDispositionOfAssets
Deferred income tax benefit	(6,304)us-gaap_DeferredIncomeTaxExpenseBenefit	(12,292)us-gaap_DeferredIncomeTaxExpenseBenefit
Expenses not requiring cash	1,737us-gaap_OtherNoncashExpense	6,844us-gaap_OtherNoncashExpense
Equity in net earnings of subsidiaries	0pkd_EquityInNetEarningsOfSubsidiaries	0pkd_EquityInNetEarningsOfSubsidiaries
Accounts and notes receivable	(6,650)	(6,226)
Accrued income taxes	2,614	150
Other assets	(20,087)	(394)
Accounts payable and accrued liabilities	54,045	(8,205)
Net cash provided by operating activities	67,231	31,624
Cash flows from investing activities:
Capital expenditures	(33,455)	(37,445)
Proceeds from the sale of assets	246	1,626
Proceeds from insurance settlements	2,500	0
Net cash (used in) investing activities	(30,709)	(35,819)
Cash flows from financing activities:
Proceeds from debt issuance		400,000us-gaap_ProceedsFromIssuanceOfDebt
Repayments of long-term debt		(418,699)us-gaap_RepaymentsOfLongTermDebt
Paydown on term note	(30,000)us-gaap_RepaymentsOfOtherLongTermDebt	(418,699)us-gaap_RepaymentsOfOtherLongTermDebt
Payment of debt issuance costs	(1,359)us-gaap_PaymentsOfDebtIssuanceCosts	(7,273)us-gaap_PaymentsOfDebtIssuanceCosts
Payments of debt extinguishment costs	0	(25,796)
Excess tax benefit from stock-based compensation	(420)	335
Intercompany advances, net	0	0
Net cash provided by (used in) financing activities	(31,779)	(51,433)
Net increase (decrease) in cash and cash equivalents	4,743	(55,628)
Cash and cash equivalents, beginning of year	108,456	148,689
Cash and cash equivalents, end of period	113,199	93,061
Parent [Member]
Cash flows from operating activities:
Net income (loss)	3,222	(12,549)
Adjustments to reconcile net income (loss)
Depreciation and amortization	0	0
Loss on extinguishment of debt		(29,673)
(Gain) loss on disposition of assets	0	79
Deferred income tax benefit	(7,932)	(17,472)
Expenses not requiring cash	2,443	4,180
Equity in net earnings of subsidiaries	(8,988)	(10,489)
Accounts and notes receivable	19	11
Accrued income taxes	(10,727)	(4,420)
Other assets	25,016	12,746
Accounts payable and accrued liabilities	(10,549)	(8,476)
Net cash provided by operating activities	(7,496)	(6,717)
Cash flows from investing activities:
Capital expenditures	0	0
Proceeds from the sale of assets	0	0
Proceeds from insurance settlements	0
Net cash (used in) investing activities	0	0
Cash flows from financing activities:
Proceeds from debt issuance		400,000
Repayments of long-term debt		(418,699)
Paydown on term note	(30,000)
Payment of debt issuance costs	(1,359)	(7,273)
Payments of debt extinguishment costs		25,796
Excess tax benefit from stock-based compensation	(420)	335
Intercompany advances, net	34,251	102
Net cash provided by (used in) financing activities	2,472	(51,331)
Net increase (decrease) in cash and cash equivalents	(5,024)	(58,048)
Cash and cash equivalents, beginning of year	36,728	88,697
Cash and cash equivalents, end of period	31,704	30,649
Guarantor [Member]
Cash flows from operating activities:
Net income (loss)	2,319	12,040
Adjustments to reconcile net income (loss)
Depreciation and amortization	23,311	20,168
Loss on extinguishment of debt		0
(Gain) loss on disposition of assets	(52)	81
Deferred income tax benefit	3,117	3,891
Expenses not requiring cash	436	129
Equity in net earnings of subsidiaries	0	0
Accounts and notes receivable	(12,289)	(18,803)
Accrued income taxes	13,922	7,206
Other assets	(41,216)	(14,180)
Accounts payable and accrued liabilities	47,058	(34)
Net cash provided by operating activities	36,606	10,498
Cash flows from investing activities:
Capital expenditures	(24,418)	(25,523)
Proceeds from the sale of assets	50	472
Proceeds from insurance settlements	0
Net cash (used in) investing activities	(24,368)	(25,051)
Cash flows from financing activities:
Proceeds from debt issuance		0
Repayments of long-term debt		0
Paydown on term note	0
Payment of debt issuance costs	0	0
Payments of debt extinguishment costs		0
Excess tax benefit from stock-based compensation	0	0
Intercompany advances, net	(14,840)	22,159
Net cash provided by (used in) financing activities	(14,840)	22,159
Net increase (decrease) in cash and cash equivalents	(2,602)	7,606
Cash and cash equivalents, beginning of year	13,546	8,310
Cash and cash equivalents, end of period	10,944	15,916
Non-Guarantor [Member]
Cash flows from operating activities:
Net income (loss)	7,225	(1,394)
Adjustments to reconcile net income (loss)
Depreciation and amortization	17,228	14,169
Loss on extinguishment of debt		0
(Gain) loss on disposition of assets	(2,389)	(31)
Deferred income tax benefit	(1,489)	1,289
Expenses not requiring cash	(1,142)	2,535
Equity in net earnings of subsidiaries	0	0
Accounts and notes receivable	5,620	12,566
Accrued income taxes	(581)	(2,636)
Other assets	(3,887)	1,040
Accounts payable and accrued liabilities	17,536	305
Net cash provided by operating activities	38,121	27,843
Cash flows from investing activities:
Capital expenditures	(9,037)	(11,922)
Proceeds from the sale of assets	196	1,154
Proceeds from insurance settlements	2,500
Net cash (used in) investing activities	(6,341)	(10,768)
Cash flows from financing activities:
Proceeds from debt issuance		0
Repayments of long-term debt		0
Paydown on term note	0
Payment of debt issuance costs	0	0
Payments of debt extinguishment costs		0
Excess tax benefit from stock-based compensation	0	0
Intercompany advances, net	(19,411)	(22,261)
Net cash provided by (used in) financing activities	(19,411)	(22,261)
Net increase (decrease) in cash and cash equivalents	12,369	(5,186)
Cash and cash equivalents, beginning of year	58,182	51,682
Cash and cash equivalents, end of period	70,551	46,496
Eliminations [Member]
Cash flows from operating activities:
Net income (loss)	(8,988)	(10,489)
Adjustments to reconcile net income (loss)
Depreciation and amortization	0	0
Loss on extinguishment of debt		0
(Gain) loss on disposition of assets	0	0
Deferred income tax benefit	0	0
Expenses not requiring cash	0	0
Equity in net earnings of subsidiaries	8,988	10,489
Accounts and notes receivable	0	0
Accrued income taxes	0	0
Other assets	0	0
Accounts payable and accrued liabilities	0	0
Net cash provided by operating activities	0	0
Cash flows from investing activities:
Capital expenditures	0	0
Proceeds from the sale of assets	0	0
Proceeds from insurance settlements	0
Net cash (used in) investing activities	0	0
Cash flows from financing activities:
Proceeds from debt issuance		0
Repayments of long-term debt		0
Paydown on term note	0
Payment of debt issuance costs	0	0
Payments of debt extinguishment costs		0
Excess tax benefit from stock-based compensation	0	0
Intercompany advances, net	0	0
Net cash provided by (used in) financing activities	0	0
Net increase (decrease) in cash and cash equivalents	0	0
Cash and cash equivalents, beginning of year	0	0
Cash and cash equivalents, end of period	$ 0	$ 0