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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Revenues:      
Contract drilling $ 2,936,066 $ 3,254,313 $ 3,229,736
Revenues related to reimbursable expenses 50,442 68,106 93,238
Total revenues 2,986,508 3,322,419 3,322,974
Operating expenses:      
Contract drilling, excluding depreciation 1,537,224 1,548,502 1,391,086
Reimbursable expenses 48,778 66,052 91,240
Depreciation 392,913 398,612 393,177
General and administrative 64,640 65,310 66,600
Impairment of assets 62,437    
Bad debt recovery (1,018) (6,713) (9,789)
Gain on disposition of assets (80,844) (4,758) (34,714)
Total operating expenses 2,024,130 2,067,005 1,897,600
Operating income 962,378 1,255,414 1,425,374
Other income (expense):      
Interest income 4,910 6,668 2,909
Interest expense (46,216) (73,137) (90,698)
Foreign currency transaction gain (loss) (1,999) (8,588) 1,369
Other, net (992) (1,086) (2,938)
Income before income tax expense 918,081 1,179,271 1,336,016
Income tax expense (197,604) (216,729) (380,559)
Net income $ 720,477 $ 962,542 $ 955,457
Earnings per share:      
Basic $ 5.18 $ 6.92 $ 6.87
Diluted $ 5.18 $ 6.92 $ 6.87
Weighted-average shares outstanding:      
Shares of common stock 139,029 139,027 139,026
Dilutive potential shares of common stock 19 11 44
Total weighted-average shares outstanding 139,048 139,038 139,070
Cash dividends declared per share of common stock $ 3.50 $ 3.50 $ 5.25