EX-99 3 exhibit992.txt EXHIBIT 99.2 ATWOOD OCEANICS, INC. AND SUBSIDIARIES UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except per share amounts) Three Months Ended Twelve Months Ended September 30, September 30, -------------------------- -------------------------- 2006 2005 2006 2005 (Unaudited) (Unaudited) REVENUES: Contract drilling $ 81,817 $ 46,124 $276,625 $168,500 Business interruption proceeds - - - 7,656 -------- -------- -------- -------- 81,817 46,124 276,625 176,156 -------- -------- -------- -------- COSTS AND EXPENSES: Contract drilling 41,190 28,182 144,366 102,849 Depreciation 7,612 6,806 26,401 26,735 General and administrative 5,202 4,431 20,630 14,245 Gain on sale of equipment (198) - (10,548) - -------- -------- -------- -------- 53,806 39,419 180,849 143,829 -------- -------- -------- -------- OPERATING INCOME 28,011 6,705 95,776 32,327 -------- -------- -------- -------- OTHER INCOME (EXPENSE) Interest expense (1,628) (1,694) (6,797) (7,352) Capitalized interest 1,104 - 1,631 - Interest income 398 421 1,226 633 -------- -------- -------- -------- (126) (1,273) (3,940) (6,719) -------- -------- -------- -------- INCOME BEFORE INCOME TAXES 27,885 5,432 91,836 25,608 PROVISION (BENEFIT) FOR INCOME TAXES 4,706 (1,229) 5,714 (403) -------- -------- -------- -------- NET INCOME $23,179 $6,661 $86,122 $26,011 ======== ======== ======== ======== EARNINGS PER COMMON SHARE: Basic $0.75 $0.22 $2.78 $0.86 Diluted 0.74 0.21 2.74 0.83 AVERAGE COMMON SHARES OUTSTANDING: Basic 31,044 30,584 30,936 30,412 Diluted 31,534 31,452 31,442 31,220