EX-99.2 3 exh99-2.htm UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS exh99-2.htm

EXHIBIT 99.2


ATWOOD OCEANICS, INC. AND SUBSIDIARIES
UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share amounts)

 

   
Three Months Ended
  
   
December 31,
  
   
2009
    
2008
  
             
REVENUES:
            
Contract drilling
   $ 164,243     $ 165,504  
                 
COSTS AND EXPENSES:
                
Contract drilling
     61,042       55,397  
Depreciation
     9,713       7,909  
General and administrative
     11,623       10,244  
Gain on sale of equipment
     (87 )     48  
 
     82,291       73,598  
OPERATING INCOME
     81,952       91,906  
                 
OTHER INCOME (EXPENSE)
                
Interest expense, net of capitalized interest
     (733 )     (305 )
Interest income
     36       115  
      (697 )     (190 )
INCOME  BEFORE INCOME TAXES
     81,255       91,716  
PROVISION FOR INCOME TAXES
     14,271       13,353  
NET INCOME
   $ 66,984     $ 78,363  
                 
EARNINGS PER COMMON SHARE:
                
              Basic
     1.04       1.22  
              Diluted
     1.03       1.22  
AVERAGE COMMON SHARES OUTSTANDING:
                
            Basic
     64,303       64,081  
            Diluted
     65,023       64,332