EX-99.2 3 exh99_2.htm CONSOLIDATED STATEMENTS Unassociated Document


EXHIBIT 99.2


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

 


   
THREE MONTHS ENDED
  
   
DECEMBER 31,
  
   
2010
    
2009
  
             
REVENUES:
            
Contract drilling
   $ 146,286     $ 164,243  
                 
COSTS AND EXPENSES:
                
Contract drilling
     58,344       61,042  
Depreciation
     8,803       9,713  
General and administrative
     15,664       11,623  
Other, net
     (61 )     (87 )
 
     82,750       82,291  
OPERATING INCOME
     63,536       81,952  
                 
OTHER INCOME (EXPENSE)
                
Interest expense, net of capitalized interest
     (678 )     (733 )
Interest income
     382       36  
      (296 )     (697 )
INCOME  BEFORE INCOME TAXES
     63,240       81,255  
PROVISION FOR INCOME TAXES
     10,390       14,271  
NET INCOME
   $ 52,850     $ 66,984  
                 
EARNINGS PER COMMON SHARE:
                
              Basic
     0.82       1.04  
              Diluted
     0.81       1.03  
AVERAGE COMMON SHARES OUTSTANDING:
                
            Basic
     64,528       64,303  
            Diluted
     65,184       65,023