EX-99 3 exhibit99-2.htm EXHIBIT 99.2 CONSOLIDATED STATEMENTS OF OPERATIONS

EXHIBIT 99.2

ATWOOD OCEANICS, INC. AND SUBSIDIARIES

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

 

 

 

     

   

     Three Months Ended   

 
   

     December 31,

       

2008

   

2007

 
REVENUES:    

Contract drilling

    $ 165,504   $ 111,048  
Business interruption proceeds       --     --  
        165,504     111,048  
COSTS AND EXPENSES:    
Contract drilling       55,397     51,060  
Depreciation       7,909     8,457  
General and administrative       10,244     8,309  
Loss on sale of equipment       48     27  
        73,598     67,853  
OPERATING INCOME       91,906     43,195  
OTHER INCOME (EXPENSE)    
Interest expense       (305 )   (803 )
Interest income       115     719  
        (190 )   (84 )
INCOME BEFORE INCOME TAXES       91,716     43,111  
PROVISION FOR INCOME TAXES       13,353     4,562  
NET INCOME     $ 78,363   $ 38,549  
EARNINGS PER COMMON SHARE:    
              Basic     $ 1.22   $ 0.61  
              Diluted       1.22     0.60  
AVERAGE COMMON SHARES OUTSTANDING:    
            Basic       64,081     63,370  
            Diluted       64,332     64,324