XML 33 R7.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
CASH PROVIDED BY OPERATIONS:    
Net income $ 123,669us-gaap_NetIncomeLoss $ 59,595us-gaap_NetIncomeLoss
Adjustments to reconcile net income to net cash provided by operations:    
Depreciation and amortization 90,564us-gaap_DepreciationDepletionAndAmortization 70,873us-gaap_DepreciationDepletionAndAmortization
Deferred income taxes (7,541)us-gaap_DeferredIncomeTaxExpenseBenefit (1,489)us-gaap_DeferredIncomeTaxExpenseBenefit
Provision for pension and other postemployement benefits 7,844us-gaap_DefinedBenefitPlanNetPeriodicBenefitCost 6,170us-gaap_DefinedBenefitPlanNetPeriodicBenefitCost
Share-based compensation expense 5,190us-gaap_ShareBasedCompensation 7,547us-gaap_ShareBasedCompensation
Gain on disposals of property, plant and equipment (513)us-gaap_GainLossOnDispositionOfAssets (1,110)us-gaap_GainLossOnDispositionOfAssets
Other postemployment benefit claims paid (1,115)us-gaap_OtherPostretirementBenefitsPayments (894)us-gaap_OtherPostretirementBenefitsPayments
Contributions to pension plans (375)us-gaap_PensionContributions (6,448)us-gaap_PensionContributions
Changes in current assets and liabilities:    
Receivables - trade and other 42,053us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables (39,090)us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables
Prepaid expenses and other current assets 4,350us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets 12,248us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Accounts payable 6,894us-gaap_IncreaseDecreaseInAccountsPayableTrade (13,637)us-gaap_IncreaseDecreaseInAccountsPayableTrade
Accrued income taxes 12,300us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable 9,222us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable
Deferred revenues 1,163us-gaap_IncreaseDecreaseInDeferredRevenue (13,502)us-gaap_IncreaseDecreaseInDeferredRevenue
Other current liabilities (47,075)us-gaap_IncreaseDecreaseInOtherAccruedLiabilities (11,037)us-gaap_IncreaseDecreaseInOtherAccruedLiabilities
Net changes in other noncurrent assets and liabilities 7,358us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet 2,075us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet
Net cash provided by operations 244,766us-gaap_NetCashProvidedByUsedInOperatingActivities 80,523us-gaap_NetCashProvidedByUsedInOperatingActivities
CASH USED IN INVESTING ACTIVITIES:    
Capital expenditures (514,265)us-gaap_PaymentsToAcquireProductiveAssets (532,518)us-gaap_PaymentsToAcquireProductiveAssets
Proceeds from disposals of property, plant and equipment 1,680us-gaap_ProceedsFromRemovalCosts 6,600us-gaap_ProceedsFromRemovalCosts
Net cash used in investing activities (512,585)us-gaap_NetCashProvidedByUsedInInvestingActivities (525,918)us-gaap_NetCashProvidedByUsedInInvestingActivities
CASH PROVIDED BY FINANCING ACTIVITIES:    
Proceeds from borrowings 0rdc_ProceedsFromBorrowingsNetOfIssueCosts 793,380rdc_ProceedsFromBorrowingsNetOfIssueCosts
Dividends paid (12,562)us-gaap_PaymentsOfDividends 0us-gaap_PaymentsOfDividends
Debt issue costs 0us-gaap_PaymentsOfDebtIssuanceCosts (687)us-gaap_PaymentsOfDebtIssuanceCosts
Excess tax benefits (deficit) from share-based compensation (1,981)us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities (563)us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
Proceeds from exercise of share options 0us-gaap_ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions 810us-gaap_ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
Net cash provided by (used in) financing activities (14,543)us-gaap_NetCashProvidedByUsedInFinancingActivities 792,940us-gaap_NetCashProvidedByUsedInFinancingActivities
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (282,362)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 347,545us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 339,154us-gaap_CashAndCashEquivalentsAtCarryingValue 1,092,844us-gaap_CashAndCashEquivalentsAtCarryingValue
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 56,792us-gaap_CashAndCashEquivalentsAtCarryingValue $ 1,440,389us-gaap_CashAndCashEquivalentsAtCarryingValue