XML 33 R9.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
CASH PROVIDED BY OPERATIONS:      
Net income (loss) $ (114,852)us-gaap_NetIncomeLoss $ 252,576us-gaap_NetIncomeLoss $ 180,602us-gaap_NetIncomeLoss
Adjustments to reconcile net income (loss) to net cash provided by operations:      
Depreciation and amortization 322,641us-gaap_DepreciationDepletionAndAmortization 271,008us-gaap_DepreciationDepletionAndAmortization 247,900us-gaap_DepreciationDepletionAndAmortization
Provision for pension and postretirement benefits 25,117us-gaap_PensionAndOtherPostretirementBenefitExpense 32,010us-gaap_PensionAndOtherPostretirementBenefitExpense 39,484us-gaap_PensionAndOtherPostretirementBenefitExpense
Share-based compensation expense 34,547us-gaap_ShareBasedCompensation 33,931us-gaap_ShareBasedCompensation 24,808us-gaap_ShareBasedCompensation
Other postretirement benefit claims paid (4,125)us-gaap_OtherPostretirementBenefitsPayments (3,470)us-gaap_OtherPostretirementBenefitsPayments (3,811)us-gaap_OtherPostretirementBenefitsPayments
Gain on disposals of property, plant and equipment (3,691)us-gaap_GainLossOnDispositionOfAssets (20,119)us-gaap_GainLossOnDispositionOfAssets (2,502)us-gaap_GainLossOnDispositionOfAssets
Deferred income taxes (182,544)rdc_DeferredIncomeTaxExpenseBenefitIncludingDiscontinuedOperations (33,559)rdc_DeferredIncomeTaxExpenseBenefitIncludingDiscontinuedOperations (4,649)rdc_DeferredIncomeTaxExpenseBenefitIncludingDiscontinuedOperations
Contributions to pension plans (54,834)us-gaap_PensionContributions (18,860)us-gaap_PensionContributions (42,055)us-gaap_PensionContributions
Write-off of deferred debt issuance costs 0us-gaap_WriteOffOfDeferredDebtIssuanceCost 0us-gaap_WriteOffOfDeferredDebtIssuanceCost 690us-gaap_WriteOffOfDeferredDebtIssuanceCost
Asset impairment charges 573,950us-gaap_AssetImpairmentCharges 4,453us-gaap_AssetImpairmentCharges 12,038us-gaap_AssetImpairmentCharges
Changes in current assets and liabilities:      
Receivables - trade and other (200,658)us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables 30,784us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables (105,762)us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables
Prepaid expenses and other current assets 16,328us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets 9,583us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets (9,879)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Accounts payable (20,629)us-gaap_IncreaseDecreaseInAccountsPayableTrade 32,373us-gaap_IncreaseDecreaseInAccountsPayableTrade (8,608)us-gaap_IncreaseDecreaseInAccountsPayableTrade
Accrued income taxes 4,891us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable (17,714)us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable 16,210us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable
Deferred revenues (18,326)us-gaap_IncreaseDecreaseInDeferredRevenue 2,175us-gaap_IncreaseDecreaseInDeferredRevenue 16,120us-gaap_IncreaseDecreaseInDeferredRevenue
Other current liabilities 72,897us-gaap_IncreaseDecreaseInOtherAccruedLiabilities (12,441)us-gaap_IncreaseDecreaseInOtherAccruedLiabilities 17,873us-gaap_IncreaseDecreaseInOtherAccruedLiabilities
Net changes in other noncurrent assets and liabilities (27,753)us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet 60,446us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet 15,250us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet
Net cash provided by operations 422,959us-gaap_NetCashProvidedByUsedInOperatingActivities 623,176us-gaap_NetCashProvidedByUsedInOperatingActivities 393,709us-gaap_NetCashProvidedByUsedInOperatingActivities
CASH USED IN INVESTING ACTIVITIES:      
Capital expenditures (1,958,227)us-gaap_PaymentsToAcquireProductiveAssets (607,311)us-gaap_PaymentsToAcquireProductiveAssets (685,256)us-gaap_PaymentsToAcquireProductiveAssets
Proceeds from disposals of property, plant and equipment 21,987us-gaap_ProceedsFromRemovalCosts 44,550us-gaap_ProceedsFromRemovalCosts 10,500us-gaap_ProceedsFromRemovalCosts
Net cash used in investing activities (1,936,240)us-gaap_NetCashProvidedByUsedInInvestingActivities (562,761)us-gaap_NetCashProvidedByUsedInInvestingActivities (674,756)us-gaap_NetCashProvidedByUsedInInvestingActivities
CASH PROVIDED BY FINANCING ACTIVITIES:      
Proceeds from borrowings 793,380rdc_ProceedsFromBorrowingsNetOfIssueCosts 0rdc_ProceedsFromBorrowingsNetOfIssueCosts 1,104,929rdc_ProceedsFromBorrowingsNetOfIssueCosts
Dividends paid (37,695)us-gaap_PaymentsOfDividends 0us-gaap_PaymentsOfDividends 0us-gaap_PaymentsOfDividends
Debt issue costs (687)us-gaap_PaymentsOfDebtIssuanceCosts 0us-gaap_PaymentsOfDebtIssuanceCosts (2,026)us-gaap_PaymentsOfDebtIssuanceCosts
Repayments of borrowings 0us-gaap_RepaymentsOfDebt 0us-gaap_RepaymentsOfDebt (238,453)us-gaap_RepaymentsOfDebt
Proceeds from exercise of share options 4,725us-gaap_ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions 2,911us-gaap_ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions 588us-gaap_ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
Excess tax benefits from share-based compensation (132)us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 3,690us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 1,164us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
Other 0us-gaap_ProceedsFromPaymentsForOtherFinancingActivities 1,820us-gaap_ProceedsFromPaymentsForOtherFinancingActivities 0us-gaap_ProceedsFromPaymentsForOtherFinancingActivities
Net cash provided by financing activities 759,591us-gaap_NetCashProvidedByUsedInFinancingActivities 8,421us-gaap_NetCashProvidedByUsedInFinancingActivities 866,202us-gaap_NetCashProvidedByUsedInFinancingActivities
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (753,690)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 68,836us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 585,155us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 1,092,844us-gaap_CashAndCashEquivalentsAtCarryingValue 1,024,008us-gaap_CashAndCashEquivalentsAtCarryingValue 438,853us-gaap_CashAndCashEquivalentsAtCarryingValue
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 339,154us-gaap_CashAndCashEquivalentsAtCarryingValue $ 1,092,844us-gaap_CashAndCashEquivalentsAtCarryingValue $ 1,024,008us-gaap_CashAndCashEquivalentsAtCarryingValue