Attached files
| file | filename |
|---|---|
| 8-K - 8K 1ST QTR EARNINGS - ATWOOD OCEANICS INC | f8kfebruary22011.htm |
| EX-99.1 - PRESS RELEASE - ATWOOD OCEANICS INC | exh99_1.htm |
| EX-99.4 - CONDENSED BALANCE SHEET - ATWOOD OCEANICS INC | exh99_4.htm |
| EX-99.3 - ANALYSIS REVENUES AND DRILLING COST - ATWOOD OCEANICS INC | exh99_3.htm |
EXHIBIT 99.2
ATWOOD OCEANICS, INC. AND SUBSIDIARIES
UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share amounts)
|
THREE MONTHS ENDED
|
||||||||
|
DECEMBER 31,
|
||||||||
|
2010
|
2009
|
|||||||
|
REVENUES:
|
||||||||
|
Contract drilling
|
$ | 146,286 | $ | 164,243 | ||||
|
COSTS AND EXPENSES:
|
||||||||
|
Contract drilling
|
58,344 | 61,042 | ||||||
|
Depreciation
|
8,803 | 9,713 | ||||||
|
General and administrative
|
15,664 | 11,623 | ||||||
|
Other, net
|
(61 | ) | (87 | ) | ||||
|
|
82,750 | 82,291 | ||||||
|
OPERATING INCOME
|
63,536 | 81,952 | ||||||
|
OTHER INCOME (EXPENSE)
|
||||||||
|
Interest expense, net of capitalized interest
|
(678 | ) | (733 | ) | ||||
|
Interest income
|
382 | 36 | ||||||
| (296 | ) | (697 | ) | |||||
|
INCOME BEFORE INCOME TAXES
|
63,240 | 81,255 | ||||||
|
PROVISION FOR INCOME TAXES
|
10,390 | 14,271 | ||||||
|
NET INCOME
|
$ | 52,850 | $ | 66,984 | ||||
|
EARNINGS PER COMMON SHARE:
|
||||||||
|
Basic
|
0.82 | 1.04 | ||||||
|
Diluted
|
0.81 | 1.03 | ||||||
|
AVERAGE COMMON SHARES OUTSTANDING:
|
||||||||
|
Basic
|
64,528 | 64,303 | ||||||
|
Diluted
|
65,184 | 65,023 | ||||||