Attached files
| file | filename |
|---|---|
| 8-K - 3RD QTR EARNINGS AUG 2011 - ATWOOD OCEANICS INC | f8kaugust32011.htm |
| EX-99.3 - EXHIBIT 99.3 3RD QTR EARNINGS - ATWOOD OCEANICS INC | exh99_3.htm |
| EX-99.4 - EXHIBIT 99.4 3RD QTR EARNINGS - ATWOOD OCEANICS INC | exh99_4.htm |
| EX-99.1 - EXHIBIT 99.1 3RD QTR EARNINGS - ATWOOD OCEANICS INC | exh99_1.htm |
EXHIBIT 99.2
ATWOOD OCEANICS, INC. AND SUBSIDIARIES
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share amounts)
|
Three Months Ended
|
Nine Months Ended
|
|||||||||||||||
|
June 30,
|
June 30,
|
|||||||||||||||
|
2011
|
2010
|
2011
|
2010
|
|||||||||||||
|
REVENUES:
|
||||||||||||||||
|
Contract drilling
|
$ | 162,147 | $ | 166,637 | $ | 467,518 | $ | 489,949 | ||||||||
|
COSTS AND EXPENSES:
|
||||||||||||||||
|
Contract drilling
|
53,004 | 63,139 | 161,750 | 186,950 | ||||||||||||
|
Depreciation
|
10,395 | 9,611 | 27,991 | 28,967 | ||||||||||||
|
General and administrative
|
9,742 | 9,339 | 34,480 | 30,683 | ||||||||||||
|
Other-net
|
- | (822 | ) | (77 | ) | (1,521 | ) | |||||||||
|
|
73,141 | 81,267 | 224,144 | 245,079 | ||||||||||||
|
OPERATING INCOME
|
89,006 | 85,370 | 243,374 | 244,870 | ||||||||||||
|
OTHER INCOME (EXPENSE)
|
||||||||||||||||
|
Interest expense
|
(1,900 | ) | (698 | ) | (3,037 | ) | (2,010 | ) | ||||||||
|
Interest income
|
97 | 175 | 592 | 260 | ||||||||||||
| (1,803 | ) | (523 | ) | (2,445 | ) | (1,750 | ) | |||||||||
|
INCOME BEFORE INCOME TAXES
|
87,203 | 84,847 | 240,929 | 243,120 | ||||||||||||
|
PROVISION FOR INCOME TAXES
|
11,918 | 25,853 | 42,182 | 50,387 | ||||||||||||
|
NET INCOME
|
$ | 75,285 | $ | 58,994 | $ | 198,747 | $ | 192,733 | ||||||||
|
EARNINGS PER COMMON SHARE:
|
||||||||||||||||
|
Basic
|
1.16 | 0.92 | 3.07 | 2.99 | ||||||||||||
|
Diluted
|
1.15 | 0.91 | 3.04 | 2.96 | ||||||||||||
|
AVERAGE COMMON SHARES OUTSTANDING:
|
||||||||||||||||
|
Basic
|
64,820 | 64,427 | 64,689 | 64,375 | ||||||||||||
|
Diluted
|
65,470 | 65,037 | 65,355 | 65,054 | ||||||||||||