Information about Subsidiary Company (Tables)

12 Months Ended

Dec. 31, 2011

Information about Noble-Cayman [Abstract]

Condensed Financial Statements

NOBLE CORPORATION (NOBLE-CAYMAN) AND SUBSIDIARIES
CONDENSED CONSOLIDATING BALANCE SHEET
December 31, 2011
(in thousands)

	Noble-		NHC and NDH										Subsidiaries			Consolidating
	Cayman		Combined			NDC			NHIL		NDS6		of Noble			Adjustments			Total
ASSETS
Current assets
Cash and cash equivalents	$	146	$	385		$	—		$	—	$	—	$	234,525		$	—		$	235,056
Accounts receivable		—		10,810			3,371			—		—		572,982			—			587,163
Taxes receivable		—		4,566			—			—		—		70,718			—			75,284
Prepaid expenses		—		453			19			—		—		54,091			—			54,563
Short-term notes receivable from affiliates		—		119,476			—			—		—		122,298			(241,774	)		—
Accounts receivable from affiliates		1,683,740		99,202			879,581			159,132		33,905		6,372,657			(9,228,217	)		—
Other current assets		—		643			196			93		—		97,719			—			98,651
Total current assets		1,683,886		235,535			883,167			159,225		33,905		7,524,990			(9,469,991	)		1,050,717
Property and equipment
Drilling equipment, facilities and other		—		2,718,186			71,381			—		—		12,213,361			—			15,002,928
Accumulated depreciation		—		(220,662	)		(53,037	)		—		—		(2,860,702	)		—			(3,134,401	)
Total property and equipment, net		—		2,497,524			18,344			—		—		9,352,659			—			11,868,527
Notes receivable from affiliates		3,842,062		675,000			—			2,336,527		572,107		2,678,192			(10,103,888	)		—
Investments in affiliates		6,969,201		9,101,938			3,450,212			6,605,771		2,141,450		—			(28,268,572	)		—
Other assets		3,230		8,092			2,541			18,548		880		504,870			—			538,161
Total assets	$	12,498,379	$	12,518,089		$	4,354,264		$	9,120,071	$	2,748,342	$	20,060,711		$	(47,842,451	)	$	13,457,405
LIABILITIES AND EQUITY
Current liabilities
Short-term notes payables from affiliates	$	72,298	$	50,000		$	—		$	—	$	—	$	119,476		$	(241,774	)	$	—
Accounts payable and accrued liabilities		—		8,474			7,503			—		—		528,660			—			544,637
Accounts payable to affiliates		2,079,719		4,166,021			27,341			112,953		34,107		2,808,076			(9,228,217	)		—
Interest payable		1,891		—			—			48,116		4,412		—			—			54,419
Taxes payable		—		10,032			—			—		—		81,158			—			91,190
Other current liabilities		—		—			240			—		—		123,159			—			123,399
Total current liabilities		2,153,908		4,234,527			35,084			161,069		38,519		3,660,529			(9,469,991	)		813,645
Long-term debt		1,274,949		—			—			2,595,320		201,695		—			—			4,071,964
Notes payable to affiliates		1,667,291		1,147,500			85,000			975,000		811,000		5,418,097			(10,103,888	)		—
Deferred income taxes		—		—			15,731			—		—		227,060			—			242,791
Other liabilities		19,929		24,878			—			—		—		210,565			—			255,372
Total liabilities		5,116,077		5,406,905			135,815			3,731,389		1,051,214		9,516,251			(19,573,879	)		5,383,772
Commitments and contingencies
Equity		7,382,302		7,111,184			4,218,449			5,388,682		1,697,128		10,544,460			(28,268,572	)		8,073,633
Total liabilities and equity	$	12,498,379	$	12,518,089		$	4,354,264		$	9,120,071	$	2,748,342	$	20,060,711		$	(47,842,451	)	$	13,457,405

NOBLE CORPORATION (NOBLE-CAYMAN) AND SUBSIDIARIES
CONDENSED CONSOLIDATING BALANCE SHEET
December 31, 2010
(in thousands)

													Other
													Non-guarantor
	Noble-		NHC and NDH										Subsidiaries			Consolidating
	Cayman		Combined			NDC			NHIL		NDS6		of Noble			Adjustments			Total
ASSETS
Current assets
Cash and cash equivalents	$	42	$	146		$	—		$	—	$	—	$	333,211		$	—		$	333,399
Accounts receivable		—		6,984			1,795			—		—		378,635			—			387,414
Taxes receivable		—		12,947			—			—		—		68,119			—			81,066
Prepaid expenses		—		310			—			—		—		32,922			—			33,232
Short-term notes receivable from affiliates		—		119,476			—			—		—		75,000			(194,476	)		—
Accounts receivable from affiliates		614,264		73,001			751,623			219,215		11,374		3,801,852			(5,471,329	)		—
Other current assets		—		3,788			240			—		—		65,793			—			69,821
Total current assets		614,306		216,652			753,658			219,215		11,374		4,755,532			(5,665,805	)		904,932
Property and equipment
Drilling equipment, facilities and other		—		1,254,482			70,945			—		—		11,289,547			—			12,614,974
Accumulated depreciation		—		(153,638	)		(50,250	)		—		—		(2,391,066	)		—			(2,594,954	)
Total property and equipment, net		—		1,100,844			20,695			—		—		8,898,481			—			10,020,020
Notes receivable from affiliates		3,507,062		675,000			—			1,239,600		479,107		2,492,900			(8,393,669	)		—
Investments in affiliates		6,835,466		9,150,129			3,561,451			5,618,248		1,879,831		—			(27,045,125	)		—
Other assets		1,872		7,700			2,451			11,336		1,001		318,232			—			342,592
Total assets	$	10,958,706	$	11,150,325		$	4,338,255		$	7,088,399	$	2,371,313	$	16,465,145		$	(41,104,599	)	$	11,267,544
LIABILITIES AND EQUITY
Current liabilities
Short-term notes payables from affiliates	$	25,000	$	50,000		$	—		$	—	$	—	$	119,476		$	(194,476	)	$	—
Current maturities of long-term debt		—		—			—			—		—		80,213			—			80,213
Accounts payable and accrued liabilities		—		9,024			8,539			—		—		477,630			—			495,193
Accounts payable to affiliates		1,601,869		2,708,598			30,095			64,192		7,134		1,059,441			(5,471,329	)		—
Interest payable		1,473		—			—			31,973		4,413		2,401						40,260
Taxes payable		—		6,887			—			—		—		87,245						94,132
Other current liabilities		—		3,307			240			—		—		80,212						83,759
Total current liabilities		1,628,342		2,777,816			38,874			96,165		11,547		1,906,618			(5,665,805	)		793,557
Long-term debt		339,911		—			—			1,498,066		201,695		646,812			—			2,686,484
Notes payable to affiliates		1,834,500		1,092,000			120,000			550,000		811,000		3,986,169			(8,393,669	)		—
Deferred income taxes		—		—			15,731			—		—		243,091			—			258,822
Other liabilities		19,929		48,595			9,754			—		—		189,748			—			268,026
Total liabilities		3,822,682		3,918,411			184,359			2,144,231		1,024,242		6,972,438			(14,059,474	)		4,006,889
Commitments and contingencies
Equity		7,136,024		7,231,914			4,153,896			4,944,168		1,347,071		9,492,707			(27,045,125	)		7,260,655
Total liabilities and equity	$	10,958,706	$	11,150,325		$	4,338,255		$	7,088,399	$	2,371,313	$	16,465,145		$	(41,104,599	)	$	11,267,544

NOBLE CORPORATION (NOBLE-CAYMAN) AND SUBSIDIARIES
CONDENSED CONSOLIDATING STATEMENT OF INCOME
Year Ended December 31, 2011
(in thousands)

																Other
																Non-guarantor
	Noble-			NHC and NDH												Subsidiaries			Consolidating
	Cayman			Combined			NDC			NHIL			NDS6			of Noble			Adjustments			Total
Operating revenues
Contract drilling services	$	—		$	134,602		$	19,913		$	—		$	—		$	2,466,701		$	(64,458	)	$	2,556,758
Reimbursables		—			4,351			12			—			—			74,832			—			79,195
Labor contract drilling services		—			4			—			—			—			59,000			—			59,004
Other		—			—			—			—			—			875			—			875
Total operating revenues		—			138,957			19,925			—			—			2,601,408			(64,458	)		2,695,832
Operating costs and expenses
Contract drilling services		3,038			46,305			7,478			59,865			—			1,319,187			(64,458	)		1,371,415
Reimbursables		—			4,125			—			—			—			54,314			—			58,439
Labor contract drilling services		—			—			—			—			—			33,885			—			33,885
Depreciation and amortization		—			50,462			3,767			—			—			602,976			—			657,205
Selling, general and administrative		1,242			5,025			1			33,355			1			17,163			—			56,787
Gain on contract extinguishments, net		—			—			—			—			—			(21,202	)		—			(21,202	)
Total operating costs and expenses		4,280			105,917			11,246			93,220			1			2,006,323			(64,458	)		2,156,529
Operating income (loss)		(4,280	)		33,040			8,679			(93,220	)		(1	)		595,085			—			539,303
Other income (expense)
Equity earnings in affiliates, net of tax		488,735			296,751			64,626			579,730			328,443			—			(1,758,285	)		—
Interest expense, net of amounts capitalized		(69,180	)		(61,271	)		(6,110	)		(88,396	)		(29,050	)		(38,778	)		237,058			(55,727	)
Interest income and other, net		6,768			26,291			(11	)		63,607			8,709			134,174			(237,058	)		2,480
Income before income taxes		422,043			294,811			67,184			461,721			308,101			690,481			(1,758,285	)		486,056
Income tax provision		—			(14,933	)		—			—			—			(56,353	)		—			(71,286	)
Net Income		422,043			279,878			67,184			461,721			308,101			634,128			(1,758,285	)		414,770
Net loss attributable to noncontrolling interests		—			—			—			—			—			7,273			—			7,273
Net income attributable to Noble Corporation	$	422,043		$	279,878		$	67,184		$	461,721		$	308,101		$	641,401		$	(1,758,285	)	$	422,043

NOBLE CORPORATION (NOBLE-CAYMAN) AND SUBSIDIARIES
CONDENSED CONSOLIDATING STATEMENT OF INCOME
Year Ended December 31, 2010
(in thousands)

																Other
																Non-guarantor
	Noble-			NHC and NDH												Subsidiaries			Consolidating
	Cayman			Combined			NDC			NHIL			NDS6			of Noble			Adjustments			Total
Operating revenues
Contract drilling services	$	—		$	94,027		$	17,942		$	—		$	—		$	2,621,424		$	(37,900	)	$	2,695,493
Reimbursables		—			1,483			71			—			—			75,277			—			76,831
Labor contract drilling services		—			—			—			—			—			32,520			—			32,520
Other		—			78			—			—			—			2,254			—			2,332
Total operating revenues		—			95,588			18,013			—			—			2,731,475			(37,900	)		2,807,176
Operating costs and expenses
Contract drilling services		24,103			40,994			6,363			42,932			—			1,096,309			(37,900	)		1,172,801
Reimbursables		—			1,641			66			—			—			57,707			—			59,414
Labor contract drilling services		—			—			—			—			—			22,056			—			22,056
Depreciation and amortization		—			37,324			3,449			—			—			498,231			—			539,004
Selling, general and administrative		7,979			4,674			2			30,210			1			12,702			—			55,568
Total operating costs and expenses		32,082			84,633			9,880			73,142			1			1,687,005			(37,900	)		1,848,843
Operating income (loss)		(32,082	)		10,955			8,133			(73,142	)		(1	)		1,044,470			—			958,333
Other income (expense)
Equity earnings in affiliates, net of tax		870,322			620,747			24,898			1,040,110			407,435			—			(2,963,512	)		—
Interest expense, net of amounts capitalized		(29,459	)		(65,056	)		(7,375	)		(43,988	)		(7,956	)		(1,888	)		146,265			(9,457	)
Interest income and other, net		6,753			28,452			3			19,980			9,416			90,188			(146,265	)		8,527
Income before income taxes		815,534			595,098			25,659			942,960			408,894			1,132,770			(2,963,512	)		957,403
Income tax provision		—			(32,878	)		—			—			—			(108,988	)		—			(141,866	)
Net Income		815,534			562,220			25,659			942,960			408,894			1,023,782			(2,963,512	)		815,537
Net loss attributable to noncontrolling interests		—			—			—			—			—			(3	)		—			(3	)
Net income attributable to Noble Corporation	$	815,534		$	562,220		$	25,659		$	942,960		$	408,894		$	1,023,779		$	(2,963,512	)	$	815,534

NOBLE CORPORATION (NOBLE-CAYMAN) AND SUBSIDIARIES
CONDENSED CONSOLIDATING STATEMENT OF INCOME
Year Ended December 31, 2009
(in thousands)

															Other
															Non-guarantor
	Noble-			NHC and NDH											Subsidiaries			Consolidating
	Cayman			Combined			NDC			NHIL			NDS6		of Noble			Adjustments			Total
Operating revenues
Contract drilling services	$	—		$	145,687		$	40,366		$	—		$	—	$	3,386,684		$	(62,982	)	$	3,509,755
Reimbursables		—			1,904			—			—			—		97,297			—			99,201
Labor contract drilling services		—			—			—			—			—		30,298			—			30,298
Other		—			57			2			—			—		1,098			—			1,157
Total operating revenues		—			147,648			40,368			—			—		3,515,377			(62,982	)		3,640,411
Operating costs and expenses
Contract drilling services		956			33,587			7,070			53			—		1,028,080			(62,982	)		1,006,764
Reimbursables		—			1,070			—			—			—		83,965			—			85,035
Labor contract drilling services		—			—			—			—			—		18,827			—			18,827
Depreciation and amortization		—			32,158			8,535			—			—		367,620			—			408,313
Selling, general and administrative		19,394			2,595			436			—			—		36,118			—			58,543
Loss on asset disposal/involuntary conversion, net		—			—			—			—			—		30,839			—			30,839
Total operating costs and expenses		20,350			69,410			16,041			53			—		1,565,449			(62,982	)		1,608,321
Operating income (loss)		(20,350	)		78,238			24,327			(53	)		—		1,949,928			—			2,032,090
Other income (expense)
Equity earnings in affiliates, net of tax		1,724,115			1,438,451			488,802			1,300,141			224,535		—			(5,176,044	)		—
Interest expense, net of amounts capitalized		(5,080	)		(63,316	)		(15,106	)		(25,143	)		—		5,289			101,671			(1,685	)
Interest income and other, net		1,313			(459	)		2			—			—		107,625			(101,671	)		6,810
Income before income taxes		1,699,998			1,452,914			498,025			1,274,945			224,535		2,062,842			(5,176,044	)		2,037,215
Income tax provision		383			(7,082	)		—			—			—		(330,135	)		—			(336,834	)
Net Income		1,700,381			1,445,832			498,025			1,274,945			224,535		1,732,707			(5,176,044	)		1,700,381
Net loss attributable to noncontrolling interests		—			—			—			—			—		—			—			—
Net income attributable to Noble Corporation	$	1,700,381		$	1,445,832		$	498,025		$	1,274,945		$	224,535	$	1,732,707		$	(5,176,044	)	$	1,700,381

NOBLE CORPORATION (NOBLE-CAYMAN) AND SUBSIDIARIES
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
Year Ended December 31, 2011
(in thousands)

																Other
																Non-guarantor
	Noble-			NHC and NDH												Subsidiaries			Consolidating
	Cayman			Combined			NDC			NHIL			NDS6			of Noble			Adjustments			Total
Cash flows from operating activities
Net cash from operating activities	$	(48,906	)	$	16,325		$	(6,106	)	$	(109,171	)	$	(20,222	)	$	957,311		$	—		$	789,231
Cash flows from investing activities
New construction and capital expenditures		—			(1,490,696	)		—			—			—			(1,062,944	)		—			(2,553,640	)
Notes receivable from affiliates		20,000			—			—			(1,096,927	)		—			172,302			904,625			—
Refund from contract extinguishments		—			—			—			—			—			18,642			—			18,642
Net cash from investing activities		20,000			(1,490,696	)		—			(1,096,927	)		—			(872,000	)		904,625			(2,534,998	)
Cash flows from financing activities
Increase in bank credit facilities, net		935,000			—			—			—			—			—			—			935,000
Proceeds from issuance of senior notes, net		—			—			—			1,087,833			—			—			—			1,087,833
Contributions from joint venture partners		—			—			—			—			—			536,000			—			536,000
Payments of joint venture debt		—			—			—			—			—			(693,494	)		—			(693,494	)
Settlement of interest rate swaps		—			—			—			—			—			(29,032	)		—			(29,032	)
Financing cost on credit facilities		(2,835	)		—			—			—			—			—			—			(2,835	)
Distributions to parent		(186,048	)		—			—			—			—			—			—			(186,048	)
Advances (to) from affiliates		(597,305	)		1,492,110			41,106			118,265			20,222			(1,074,398	)		—			—
Notes payable to affiliates		(119,802	)		(17,500	)		(35,000	)		—			—			1,076,927			(904,625	)		—
Net cash from financing activities		29,010			1,474,610			6,106			1,206,098			20,222			(183,997	)		(904,625	)		1,647,424
Net change in cash and cash equivalents		104			239			—			—			—			(98,686	)		—			(98,343	)
Cash and cash equivalents, beginning of period		42			146			—			—			—			333,211			—			333,399
Cash and cash equivalents, end of period	$	146		$	385		$	—		$	—		$	—		$	234,525		$	—		$	235,056

NOBLE CORPORATION (NOBLE-CAYMAN) AND SUBSIDIARIES
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
Year Ended December 31, 2010
(in thousands)

																Other
																Non-guarantor
	Noble-			NHC and NDH												Subsidiaries			Consolidating
	Cayman			Combined			NDC			NHIL			NDS6			of Noble			Adjustments			Total
Cash flows from operating activities
Net cash from operating activities	$	(33,316	)	$	4,469		$	1,810		$	(80,151	)	$	1,581		$	1,781,974		$	—		$	1,676,367
Cash flows from investing activities
New construction and capital expenditures		—			(563,095	)		—			—			—			(720,375	)		—			(1,283,470	)
Notes receivable from affiliates		—			—			—			(1,239,600	)		—			(490,000	)		1,729,600			—
Acquisition of FDR Holdings, Ltd., net of cash acquired		(1,629,644	)		—			—			—			—			—			—			(1,629,644	)
Net cash from investing activities		(1,629,644	)		(563,095	)		—			(1,239,600	)		—			(1,210,375	)		1,729,600			(2,913,114	)
Cash flows from financing activities
Increase in bank credit facilities, net		40,000			—			—			—			—			—			—			40,000
Proceeds from issuance of senior notes, net		—			—			—			1,238,074			—			—			—			1,238,074
Contributions from joint venture partners		—			—			—			—			—			35,000			—			35,000
Settlement of interest rate swaps		—			—			—			—			—			(6,186	)		—			(6,186	)
Distributions to parent		(462,967	)		—			—			—			—			—			—			(462,967	)
Advances (to) from affiliates		356,366			558,504			(1,810	)		81,677			(1,581	)		(993,156	)		—			—
Notes payable to affiliates		1,729,600			—			—			—			—			—			(1,729,600	)		—
Net cash from financing activities		1,662,999			558,504			(1,810	)		1,319,751			(1,581	)		(964,342	)		(1,729,600	)		843,921
Net change in cash and cash equivalents		39			(122	)		—			—			—			(392,743	)		—			(392,826	)
Cash and cash equivalents, beginning of period		3			268			—			—			—			725,954						726,225
Cash and cash equivalents, end of period	$	42		$	146		$	—		$	—		$	—		$	333,211		$	—		$	333,399

NOBLE CORPORATION (NOBLE-CAYMAN) AND SUBSIDIARIES
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
Year Ended December 31, 2009
(in thousands)

																Other
																Non-guarantor
	Noble-			NHC and NDH												Subsidiaries			Consolidating
	Cayman			Combined			NDC			NHIL			NDS6			of Noble			Adjustments			Total
Cash flows from operating activities
Net cash from operating activities	$	11,850		$	47,633		$	31,136		$	3,526		$	3,290		$	2,051,200		$	—		$	2,148,635
Cash flows from investing activities
New construction and capital expenditures		—			(717,148	)		(16,037	)		—			—			(733,811	)		—			(1,466,996	)
Repayments of notes from affiliates		—			—			—			—			—			—			45,600			45,600
Notes receivable from affiliates		(45,600	)		20,963			44,159			—			—			342,500			(407,622	)		(45,600	)
Acquisition of FDR Holdings, Ltd., net of cash acquired		—			—			—			—			—			—			—			—
Net cash from investing activities		(45,600	)		(696,185	)		28,122			—			—			(391,311	)		(362,022	)		(1,466,996	)
Cash flows from financing activities
Payments of other long-term debt		—			—			(150,000	)		—			—			(22,700	)		—			(172,700	)
Contributions from joint venture partners		—			—			—			—			—			—			—			—
Settlement of interest rate swaps		—			—			—			—			—			—			—			—
Distributions to parent		(218,258	)		—			—			—			—			—			—			(218,258	)
Advances (to) from affiliates		629,117			690,875			90,716			(3,526	)		(3,290	)		(1,403,892	)		—			—
Repayments of notes to affiliates		(300,000	)		(42,500	)		—			—			—			(19,522	)		362,022			—
Repurchases of ordinary shares		(60,867	)		—			—			—			—			—			—			(60,867	)
Other		(16,900	)		—			—			—			—			—			—			(16,900	)
Net cash from financing activities		33,092			648,375			(59,284	)		(3,526	)		(3,290	)		(1,446,114	)		362,022			(468,725	)
Net change in cash and cash equivalents		(658	)		(177	)		(26	)		—			—			213,775			—			212,914
Cash and cash equivalents, beginning of period		661			445			26			—			—			512,179						513,311
Cash and cash equivalents, end of period	$	3		$	268		$	—		$	—		$	—		$	725,954		$	—		$	726,225