EX-99.4 5 exh99-4.htm UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS Unassociated Document

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
 
(In thousands)
 
             
   
December 31,
   
September 30,
 
   
2009
   
2009
 
ASSETS
           
             
CURRENT ASSETS:
           
    Cash and cash equivalents
  $ 187,205     $ 100,259  
    Accounts receivable, net of an allowance
               
        of $65 at December 31, 2009
               
        and $65 at September 30, 2009
    106,027       124,053  
    Income tax receivable
    11,927       8,306  
    Insurance receivable
    1,538       2,518  
    Inventories of materials and supplies, net
    50,584       50,136  
    Deferred tax assets
    35       35  
    Prepaid expenses and deferred costs
    15,572       19,297  
      Total Current Assets
    372,888       304,604  
                 
NET PROPERTY AND EQUIPMENT
    1,222,483       1,184,300  
      1,222,483       1,184,300  
                 
LONG TERM ASSETS:
               
     Other Receivables
    14,331       14,331  
     Deferred costs and other assets
    5,856       6,167  
      20,187       20,498  
    $ 1,615,558     $ 1,509,402  
                 
LIABILITIES AND SHAREHOLDERS' EQUITY
               
                 
CURRENT LIABILITIES:
               
   Accounts payable
  $ 50,510     $ 19,066  
   Accrued liabilities
    65,402       58,027  
   Deferred credits
    36,779       35,825  
       Total Current Liabilities
    152,691       112,918  
                 
LONG-TERM DEBT,
               
   net of current maturities:
    275,000       275,000  
                 
LONG TERM LIABILITIES:
               
     Deferred income taxes
    2,849       6,082  
     Deferred credits
    1,842       2,921  
     Other
    10,937       10,188  
      15,628       19,191  
                 
COMMITMENTS AND CONTINGENCIES
               
                 
SHAREHOLDERS' EQUITY:
               
    Preferred stock, no par value;
               
         1,000 shares authorized,  none outstanding
    -       -  
    Common stock, $1 par value, 90,000 shares
               
          authorized with 64,385 and 64,236 issued
               
          and outstanding at December 31, 2009
               
          and September 30, 2009, respectively
    64,385       64,236  
    Paid-in capital
    125,270       122,457  
    Retained earnings
    982,584       915,600  
        Total Shareholders' Equity
    1,172,239       1,102,293  
    $ 1,615,558     $ 1,509,402