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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Operating activities:    
Net income $ 517,198 $ 515,246
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 202,348 198,148
Gain on disposition of assets (3,881) (1,033)
Loss (gain) on sale of marketable securities, net (782) 2
Gain on foreign currency forward exchange contracts (7,231) (457)
Deferred tax provision (15,623) 11,921
Accretion of discounts on marketable securities (231) (200)
Amortization of debt issuance costs 439 449
Amortization of debt discounts 114 167
Stock-based compensation expense 2,920 3,719
Deferred income, net (32,490) 56,593
Deferred expenses, net 54,789 (52,311)
Other assets, noncurrent (217) 5,788
Other liabilities, noncurrent 424 7,712
Proceeds from settlement of foreign currency forward exchange contracts designated as accounting hedges 7,231 457
Changes in operating assets and liabilities:    
Accounts receivable 51,147 109,118
Prepaid expenses and other current assets (24,137) (20,045)
Accounts payable and accrued liabilities (33,070) 8,666
Taxes payable 4,691 (149,635)
Net cash provided by operating activities 723,639 694,305
Investing activities:    
Capital expenditures (100,521) (221,890)
Deposits for construction of new rigs (478,320)  
Deposits received on sale of rig   18,600
Proceeds from disposition of assets, net of disposal costs 4,205 1,258
Proceeds from sale and maturities of marketable securities 3,312,089 2,550,088
Purchases of marketable securities (3,399,797) (2,399,760)
Net cash used in investing activities (662,344) (51,704)
Financing activities:    
Redemption of zero coupon debentures   (4,238)
Debt issuance costs and arrangement fees   (98)
Payment of dividends (245,812) (489,670)
Proceeds from stock plan exercises   107
Net cash used in financing activities (245,812) (493,899)
Net change in cash and cash equivalents (184,517) 148,702
Cash and cash equivalents, beginning of period 464,393 376,417
Cash and cash equivalents, end of period $ 279,876 $ 525,119