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Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Revenues:        
Contract drilling $ 714,027 $ 861,511 $ 2,195,443 $ 2,520,030
Revenues related to reimbursable expenses 15,114 16,666 40,528 54,032
Total revenues 729,141 878,177 2,235,971 2,574,062
Operating expenses:        
Contract drilling, excluding depreciation 357,281 391,369 1,159,635 1,141,739
Reimbursable expenses 14,563 16,206 39,351 52,443
Depreciation 99,207 101,175 300,069 303,523
General and administrative 13,476 14,879 49,803 48,976
Bad debt expense (recovery)   4,734 (1,018) (5,413)
Gain on disposition of assets (208) (463) (79,285) (4,344)
Total operating expenses 484,319 527,900 1,468,555 1,536,924
Operating income 244,822 350,277 767,416 1,037,138
Other income (expense):        
Interest income 773 2,024 4,052 3,565
Interest expense (8,720) (15,874) (36,780) (60,144)
Foreign currency transaction gain (loss) (1,860) (1,442) (881) (4,603)
Other, net (168) (136) (767) (232)
Income before income tax expense 234,847 334,849 733,040 975,724
Income tax expense (56,661) (77,995) (168,224) (201,672)
Net income $ 178,186 $ 256,854 $ 564,816 $ 774,052
Income per share:        
Basic $ 1.28 $ 1.85 $ 4.06 $ 5.57
Diluted $ 1.28 $ 1.85 $ 4.06 $ 5.57
Weighted-average shares outstanding:        
Shares of common stock 139,030 139,027 139,029 139,027
Dilutive potential shares of common stock 23 14 17 21
Total weighted-average shares outstanding 139,053 139,041 139,046 139,048
Cash dividends declared per share of common stock $ 0.875 $ 0.875 $ 2.625 $ 2.625