XML 29 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements Of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Mar. 31, 2013
Mar. 31, 2012
REVENUES:        
Contract drilling $ 253,161 $ 171,621 $ 498,254 $ 356,293
COSTS AND EXPENSES:        
Contract drilling 107,473 79,342 219,389 157,686
Depreciation 28,482 15,406 56,060 30,769
General and administrative 13,268 11,552 30,489 25,646
Other, net (20) 863 (13) 863
Total costs and expenses 149,203 107,163 305,925 214,964
OPERATING INCOME 103,958 64,458 192,329 141,329
OTHER INCOME (EXPENSE):        
Interest expense, net of capitalized interest (6,547) (1,080) (10,955) (1,683)
Interest income 21 114 145 200
Other 0 0 0 1,577
Other income (expense) total (6,526) (966) (10,810) 94
INCOME BEFORE INCOME TAXES 97,432 63,492 181,519 141,423
PROVISION FOR INCOME TAXES 11,913 4,026 23,169 16,489
NET INCOME $ 85,519 $ 59,466 $ 158,350 $ 124,934
EARNINGS PER COMMON SHARE (NOTE 2):        
Basic (in dollars per share) $ 1.30 $ 0.91 $ 2.41 $ 1.92
Diluted (in dollars per share) $ 1.28 $ 0.90 $ 2.39 $ 1.90
AVERAGE COMMON SHARES OUTSTANDING (NOTE 2):        
Basic (in shares) 65,733 65,276 65,631 65,150
Diluted (in shares) 66,589 65,781 66,341 65,660