Patterson-UTI Energy (STU:PE1) Accumulated Depreciation : €-5,506 Mil (As of Mar. 2024)

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What is Patterson-UTI Energy Accumulated Depreciation?

Note: A negative number here means the assets are depreciated. When depricates more, the absolute value gets bigger.

Patterson-UTI Energy's quarterly accumulated depreciation declined from Sep. 2023 (€-5,395 Mil) to Dec. 2023 (€-5,329 Mil) but then increased from Dec. 2023 (€-5,329 Mil) to Mar. 2024 (€-5,506 Mil).

Patterson-UTI Energy's annual accumulated depreciation increased from Dec. 2021 (€-5,174 Mil) to Dec. 2022 (€-5,405 Mil) but then stayed the same from Dec. 2022 (€-5,405 Mil) to Dec. 2023 (€-5,329 Mil).

Patterson-UTI Energy Accumulated Depreciation Historical Data

The historical data trend for Patterson-UTI Energy's Accumulated Depreciation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Patterson-UTI Energy Accumulated Depreciation Chart

Patterson-UTI Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accumulated Depreciation

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-4,720.27

-4,379.97

-5,174.23

-5,404.87

-5,329.43

Patterson-UTI Energy Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accumulated Depreciation	Get a 7-Day Free Trial															-5,412.33	-5,328.57	-5,394.87	-5,329.43	-5,505.51

Patterson-UTI Energy Accumulated Depreciation Calculation

The cumulative depreciation of an asset up to a single point in its life. Regardless of the method used to calculate it, the depreciation of an asset during a single period is added to the previous period's accumulated depreciation to get the current accumulated depreciation.

Patterson-UTI Energy Accumulated Depreciation Related Terms

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Patterson-UTI Energy (STU:PE1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Patterson-UTI Energy Inc (STU:PE1) » Definitions » Accumulated Depreciation

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PTEN:USA

Address

10713 West Sam Houston Parkway North, Suite 800, Houston, TX, USA, 77064

Website

https://www.patenergy.com

Patterson-UTI Energy is one of the largest land rig drilling contractors in the United States and maintains moderately sized pressure-pumping operations primarily in Texas and the Appalachian region, plus some modest operations in Colombia. It also provides directional drilling services and tool rental services in most U.S. onshore oil and gas basins.

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