Attached files
| file | filename |
|---|---|
| 8-K - FORM 8K - 10Q PRESS RELEASE - ATWOOD OCEANICS INC | f8kmay32011.htm |
| EX-99.4 - EXHIBIT 99.4 - ATWOOD OCEANICS INC | exh99_4.htm |
| EX-99.1 - EXHIBIT 99.1 - ATWOOD OCEANICS INC | exh99_1.htm |
| EX-99.3 - EXHIBIT 99.3 - ATWOOD OCEANICS INC | exh99_3.htm |
EXHIBIT 99.2
ATWOOD OCEANICS, INC. AND SUBSIDIARIES
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share amounts)
|
Three Months Ended March 31,
|
Six Months Ended March 31,
|
||||||
|
2011
|
2010
|
2011
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2010
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REVENUES:
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|||||||
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Contract drilling
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$ 159,085
|
$ 159,069
|
$ 305,371
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$ 323,312
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|
COSTS AND EXPENSES:
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|||||||
|
Contract drilling
|
50,402
|
62,769
|
108,746
|
123,811
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|||
|
Depreciation
|
8,794
|
9,643
|
17,596
|
19,356
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|||
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General and administrative
|
9,074
|
9,721
|
24,738
|
21,344
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|||
|
Other, net
|
(16)
|
(612)
|
(77)
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(699)
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|||
|
|
68,254
|
81,521
|
151,003
|
163,812
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OPERATING INCOME
|
90,831
|
77,548
|
154,368
|
159,500
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OTHER INCOME (EXPENSE)
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Interest expense, net of capitalized interest
|
(459)
|
(579)
|
(1,137)
|
(1,312)
|
|||
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Interest income
|
113
|
49
|
495
|
85
|
|||
|
(346)
|
(530)
|
(642)
|
(1,227)
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INCOME BEFORE INCOME TAXES
|
90,485
|
77,018
|
153,726
|
158,273
|
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PROVISION FOR INCOME TAXES
|
19,874
|
10,263
|
30,264
|
24,534
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|
NET INCOME
|
$ 70,611
|
$ 66,755
|
$ 123,462
|
$ 133,739
|
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|
EARNINGS PER COMMON SHARE:
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|||||||
|
Basic
|
1.09
|
1.04
|
1.91
|
2.08
|
|||
|
Diluted
|
1.08
|
1.03
|
1.89
|
2.06
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|
AVERAGE COMMON SHARES OUTSTANDING:
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|
Basic
|
64,720
|
64,396
|
64,624
|
64,349
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|||
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Diluted
|
65,409
|
65,103
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65,297
|
65,063
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