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Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Revenues:    
Contract drilling$ 861,511$ 748,998$ 2,520,030$ 2,405,175
Revenues related to reimbursable expenses16,66650,72654,03276,833
Total revenues878,177799,7242,574,0622,482,008
Operating expenses:    
Contract drilling, excluding depreciation391,369350,5551,141,7391,008,551
Reimbursable expenses16,20650,31352,44375,397
Depreciation101,17599,117303,523297,265
General and administrative14,87916,99948,97650,502
Bad debt expense (recovery)4,734(2,048)(5,413)(5,946)
Gain on disposition of assets(463)(32,392)(4,344)(33,425)
Total operating expenses527,900482,5441,536,9241,392,344
Operating income350,277317,1801,037,1381,089,664
Other income (expense):    
Interest income2,0243953,5652,154
Interest expense(15,874)(22,567)(60,144)(66,221)
Foreign currency transaction gain (loss)(1,442)3,724(4,603)194
Other, net(136)(166)(232)(287)
Income before income tax expense334,849298,566975,7241,025,504
Income tax expense(77,995)(100,042)(201,672)(311,734)
Net income$ 256,854$ 198,524$ 774,052$ 713,770
Income per share:    
Basic$ 1.85$ 1.43$ 5.57$ 5.13
Diluted$ 1.85$ 1.43$ 5.57$ 5.13
Weighted-average shares outstanding:    
Shares of common stock139,027139,027139,027139,026
Dilutive potential shares of common stock14102155
Total weighted-average shares outstanding139,041139,037139,048139,081
Cash dividends declared per share of common stock$ 0.875$ 0.875$ 2.625$ 4.375