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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2014
Dec. 31, 2013
CURRENT ASSETS:    
Cash and cash equivalents $ 707,729 $ 1,092,844
Receivables - trade and other 510,194 344,546
Prepaid expenses and other current assets 40,873 45,538
Deferred tax assets - net 41,899 22,137
Assets of discontinued operations 0 23,813
Total current assets 1,300,695 1,528,878
PROPERTY, PLANT AND EQUIPMENT:    
Drilling equipment 8,103,048 7,040,451
Construction in progress 1,287,158 1,009,380
Other property and equipment 150,385 147,884
Property, plant and equipment - gross 9,540,591 8,197,715
Less accumulated depreciation and amortization 2,032,020 1,811,960
Property, plant and equipment - net 7,508,571 6,385,755
Other assets 19,514 61,128
TOTAL ASSETS 8,828,780 7,975,761
CURRENT LIABILITIES:    
Accounts payable - trade 100,453 123,976
Deferred revenues 31,803 54,515
Accrued pension and other postemployment benefits 5,310 49,659
Accrued compensation and related employee costs 74,834 59,096
Accrued income taxes 3,973 8,374
Accrued interest 35,578 27,841
Other current liabilities 10,141 11,001
Liabilities of discontinued operations 0 20,122
Total current liabilities 262,092 354,584
Long-term debt 2,807,540 2,008,700
Other liabilities 238,232 289,061
Deferred income taxes - net 410,925 429,655
Commitments and contingent liabilities (Note 4) 0 0
SHAREHOLDERS' EQUITY:    
Class A Ordinary Shares, $0.125 par value, 124,828,807 and 124,778,407 shares issued at September 30, 2014, and December 31, 2013, respectively 15,604 15,597
Additional paid-in capital 1,430,612 1,407,031
Retained earnings 3,806,453 3,619,540
Cost of 300,689 and 542,475 treasury shares at September 30, 2014, and December 31, 2013, respectively (7,227) (5,962)
Accumulated other comprehensive loss (135,451) (142,445)
Total shareholders' equity 5,109,991 4,893,761
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 8,828,780 $ 7,975,761