EX-99 3 exh99-2.htm STATEMENT OF OPERATIONS

EXHIBIT 99.2

ATWOOD OCEANICS, INC. AND SUBSIDIARIES

UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share amounts)

 

       Three Months Ended    Twelve Months Ended   
     

     September 30, 

September 30,
       

2008

     2007     2008     2007  
REVENUES:    
Contract drilling     $ 160,654   $ 121,604   $ 526,604   $ 400,479  
Business interruption proceeds       --     --     --     2,558  
        160,654     121,604     526,604     403,037  
COSTS AND EXPENSES:    
Contract drilling       56,396     46,738     216,395     186,949  
Depreciation       8,869     8,584     34,783     33,366  
General and administrative       7,926     5,938     30,975     23,929  
Gain on sale of equipment       59     (73 )   (155 )   (414 )
        73,250     61,187     281,998     243,830  
OPERATING INCOME       87,404     60,417     244,606     159,207  
OTHER INCOME (EXPENSE)    
Interest expense, net of capitalized interest       (264 )   (372 )   (1,410 )   (1,689 )
Interest income       104     1,264     1,579     2,441  
        (160 )   892     169     752  
INCOME BEFORE INCOME TAXES       87,244     61,309     244,775     159,959  
PROVISION FOR INCOME TAXES       12,491     7,160     29,337     20,935  
NET INCOME     $ 74,753   $ 54,149   $ 215,438   $ 139,024  
EARNINGS PER COMMON SHARE:    
              Basic       1.17     0.85     3.38     2.22  
              Diluted       1.16     0.84     3.34     2.18  
AVERAGE COMMON SHARES OUTSTANDING:    
            Basic       64,031     63,346     63,756     62,686  
            Diluted       64,697     64,198     64,556     63,628