XML 48 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2013
Dec. 31, 2012
CURRENT ASSETS:    
Cash and cash equivalents $ 1,005,898 $ 1,024,008
Receivables - trade and other 470,299 423,839
Prepaid expenses and other current assets 66,789 55,121
Deferred tax assets - net 20,387 26,628
Assets of discontinued operations 23,559 22,954
Total current assets 1,586,932 1,552,550
PROPERTY, PLANT AND EQUIPMENT:    
Drilling equipment 6,849,769 6,764,046
Construction in progress 889,841 756,308
Other property and equipment 148,255 140,739
Property, plant and equipment - gross 7,887,865 7,661,093
Less accumulated depreciation and amortization 1,677,712 1,589,364
Property, plant and equipment - net 6,210,153 6,071,729
Other assets 67,708 75,208
TOTAL ASSETS 7,864,793 7,699,487
CURRENT LIABILITIES:    
Accounts payable - trade 77,627 83,004
Deferred revenues 55,084 52,340
Accrued pension and other postretirement benefits 17,821 23,392
Accrued compensation and related employee costs 38,209 43,732
Accrued income taxes 5,831 26,088
Accrued interest 27,368 27,711
Other current liabilities 11,593 16,572
Liabilities of discontinued operations 21,255 21,255
Total current liabilities 254,788 294,094
Long-term debt 2,009,152 2,009,598
Other liabilities 401,945 390,199
Deferred income taxes - net 495,401 473,872
Commitments and contingent liabilities (Note 4) 0 0
SHAREHOLDERS' EQUITY:    
Class A Ordinary Shares, $0.125 par value, 124,778,407 and 124,740,407 shares issued at June 30, 2013, and December 31, 2012, respectively 15,597 15,593
Additional paid-in capital 1,389,598 1,372,135
Retained earnings 3,517,942 3,366,964
Cost of 566,139 and 529,387 treasury shares at June 30, 2013, and December 31, 2012, respectively (5,833) (1,886)
Accumulated other comprehensive loss (213,797) (221,082)
Total shareholders' equity 4,703,507 4,531,724
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 7,864,793 $ 7,699,487