XML 37 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED CONDENSED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Mar. 31, 2013
Mar. 31, 2012
Operating revenues:        
Drilling - U.S. Land $ 685,710 $ 658,804 $ 1,381,740 $ 1,276,583
Drilling - Offshore 55,605 43,421 113,323 94,213
Drilling - International Land 94,092 64,088 181,359 124,823
Other 2,902 3,669 6,459 6,951
Total operating revenues 838,309 769,982 1,682,881 1,502,570
Operating costs and other:        
Operating costs, excluding depreciation 461,737 448,208 928,608 839,240
Depreciation 112,433 90,934 219,032 177,222
General and administrative 32,836 27,805 65,257 53,968
Research and development 3,696 3,830 7,049 7,079
Income from asset sales (5,313) (7,820) (10,532) (12,503)
Total operating costs and expenses 605,389 562,957 1,209,414 1,065,006
Operating income from continuing operations 232,920 207,025 473,467 437,564
Other income (expense):        
Interest and dividend income 315 356 741 692
Interest expense (1,186) (2,421) (2,494) (4,882)
Gain from sale of investment securities     8,752  
Other 103 (42) (1,981) (21)
Total other income (expense) (768) (2,107) 5,018 (4,211)
Income from continuing operations before income taxes 232,152 204,918 478,485 433,353
Income tax provision 81,085 75,155 167,807 159,293
Income from continuing operations 151,067 129,763 310,678 274,060
Loss from discontinued operations before income taxes (472) (125) (480) (136)
Income tax provision (485) (81) (485) (81)
Income (loss) from discontinued operations 13 (44) 5 (55)
NET INCOME $ 151,080 $ 129,719 $ 310,683 $ 274,005
Basic earnings per common share:        
Income from continuing operations (in dollars per share) $ 1.41 $ 1.20 $ 2.91 $ 2.54
Net income (in dollars per share) $ 1.41 $ 1.20 $ 2.91 $ 2.54
Diluted earnings per common share:        
Income from continuing operations (in dollars per share) $ 1.39 $ 1.18 $ 2.87 $ 2.51
Net income (in dollars per share) $ 1.39 $ 1.18 $ 2.87 $ 2.51
Weighted average shares outstanding:        
Basic (in shares) 106,326 107,385 106,094 107,285
Diluted (in shares) 107,786 109,042 107,640 108,925
Dividends declared per common share (in dollars per share) $ 0.15 $ 0.07 $ 0.30 $ 0.14