EX-99 5 exh994.htm EXHIBIT 99.4 CONSOLIDATED BALANCE SHEETS

EXHIBIT 99.4

             

ATWOOD OCEANICS, INC. AND SUBSIDIARIES

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands)

             
       

Dec 31, 2007

 

Sep 30, 2007

             

ASSETS

           
             

CURRENT ASSETS:

           

Cash and cash equivalents

     

$ 144,647

 

$ 100,361

Accounts receivable, net of an allowance

           

of $164 and $164 at December 31, 2007

           

and September 30, 2007, respectively

     

89,028

 

76,597

Income tax receivable

     

2,141

 

1,870

Inventories of materials and supplies

     

28,412

 

26,721

Deferred tax assets

     

111

 

390

Prepaid expenses and deferred costs

     

7,713

 

10,240

Total Current Assets

     

272,052

 

216,179

             

NET PROPERTY AND EQUIPMENT

     

514,170

 

493,851

             

DEFERRED COSTS AND OTHER ASSETS

     

10,657

 

7,694

       

$ 796,879

 

$ 717,724

             

LIABILITIES AND SHAREHOLDERS' EQUITY

           
             

CURRENT LIABILITIES:

           

Current maturities of notes payable

     

$ -

 

$ 18,000

Accounts payable

     

12,571

 

11,769

Accrued liabilities

     

38,740

 

27,861

Total Current Liabilities

     

51,311

 

57,630

             

LONG-TERM DEBT,

           

net of current maturities:

     

50,000

 

-

       

50,000

 

-

LONG TERM LIABILITIES:

           

Deferred income taxes

     

13,626

 

14,729

Deferred credits

     

19,855

 

24,093

Other

     

7,261

 

5,417

       

40,742

 

44,239

             

SHAREHOLDERS' EQUITY:

           

Preferred stock, no par value;

           

1,000 shares authorized, none outstanding

     

-

 

-

Common stock, $1 par value, 50,000 shares

           

authorized with 31,702 and 31,675 issued

           

and outstanding at December 31, 2007

           

and September 30, 2007, respectively

     

31,702

 

31,675

Paid-in capital

     

135,158

 

133,224

Retained earnings

     

487,966

 

450,956

Total Shareholders' Equity

     

654,826

 

615,855

       

$ 796,879

 

$ 717,724