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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Revenues$ 879,894$ 732,095$ 2,628,935$ 1,864,121
Costs and Expenses:    
Cost of operations802,951565,9962,253,9811,421,041
Selling, general and administrative expenses48,04656,099163,827159,911
Loss on asset impairments 24,444 24,444
Gain on asset disposals(7,811)(108)(8,107)(2,414)
Total costs and expenses843,186646,4312,409,7011,602,982
Equity in Income (Loss) of Unconsolidated Affiliates(1,492)(1,361)59(5,507)
Operating Income35,21684,303219,293255,632
Other Income (Expense):    
Interest income3193141,0601,139
Interest expense(152)(392)(415)(2,671)
Other income (expense) - net206(3,460)(3,942)(4,188)
Total other income (expense)373(3,538)(3,297)(5,720)
Income from continuing operations before provision for income taxes and noncontrolling interests35,58980,765215,996249,912
Provision for Income Taxes20,53510,08560,35135,229
Income from continuing operations before noncontrolling interests15,05470,680155,645214,683
Loss on disposal of discontinued operations (32,936) (123,356)
Income (loss) from discontinued operations, net of tax1,187(7,094)6,45989,048
Total Income (loss) from discontinued operations, net of tax1,187(40,030)6,459(34,308)
Net Income16,24130,650[1]162,104180,375[1]
Less: Net Income Attributable to Noncontrolling Interests5,2909,84713,40523,597
Net income attributable to McDermott International, Inc.$ 10,951$ 20,803$ 148,699$ 156,778
Basic:    
Income from continuing operations, less noncontrolling interests$ 0.04$ 0.26$ 0.61$ 0.82
Income (loss) from discontinued operations, net of tax$ 0.01$ (0.17)$ 0.03$ (0.15)
Net income attributable to McDermott International, Inc.$ 0.05$ 0.09$ 0.63$ 0.67
Diluted:    
Income from continuing operations, less noncontrolling interests$ 0.04$ 0.26$ 0.60$ 0.81
Income (loss) from discontinued operations, net of tax$ 0.01$ (0.17)$ 0.03$ (0.14)
Net income attributable to McDermott International, Inc.$ 0.05$ 0.09$ 0.63$ 0.67
Shares used in the computation of earnings per share:    
Basic234,940,184232,670,579234,451,430231,780,675
Diluted236,947,663236,271,411237,079,305235,149,331
[1]Amortization of benefit plan costs for the three-month and nine-month periods ended September 30, 2010 is shown net of tax of $2.4 million and $18.6 million, respectively. The tax impact on other amounts presented is not significant.