EX-99 6 exh994.htm EXHIBIT 99.4

EXHIBIT 99.4           

ATWOOD OCEANICS, INC. AND SUBSIDIARIES           

CONDENSED CONSOLIDATED BALANCE SHEETS           

(Unaudited)            

             
       

  Sep 30, 2007    

 

   Sep 30, 2006   

       

(In Thousands)

ASSETS

           
             

CURRENT ASSETS:

           

     Cash and cash equivalents

     

$ 100,361

 

$ 32,276

     Accounts receivable, net of an allowance

           

           of $164 and $750 at September 30, 2007

           

           and 2006, respectively

     

76,597

 

80,222

     Income tax receivable

     

1,870

 

65

     Insurance receivable

     

-

 

550

     Inventories of materials and supplies

     

26,721

 

22,124

     Deferred tax assets

     

390

 

2,563

    Prepaid expenses and deferred costs

     

10,240

 

9,873

       Total Current Assets

     

216,179

 

147,673

             

NET PROPERTY AND EQUIPMENT

     

493,851

 

436,166

             

DEFERRED COSTS AND OTHER ASSETS

     

7,694

 

9,990

       

$ 717,724

 

$ 593,829

             

LIABILITIES AND SHAREHOLDERS' EQUITY    

           
             

CURRENT LIABILITIES:

           

     Current maturities of notes payable

     

$ 18,000

 

$ 36,000

     Accounts payable

     

11,769

 

11,760

     Accrued liabilities

     

27,861

 

13,201

     Deferred credits

     

-

 

404

          Total Current Liabilities

     

57,630

 

61,365

             

LONG-TERM DEBT,

           

     net of current maturities:

     

-

 

28,000

       

-

 

28,000

LONG TERM LIABILITIES:

           

     Deferred income taxes

     

14,729

 

18,591

     Deferred credits

     

24,093

 

23,284

     Other

     

5,417

 

3,695

       

44,239

 

45,570

SHAREHOLDERS' EQUITY:

           

      Preferred stock, no par value;

           

          1,000 shares authorized, none outstanding

     

-

 

-

     Common stock, $1 par value, 50,000 shares

           

          authorized with 31,675 and 31,046 issued

           

          and outstanding at September 30, 2007

           

          and 2006, respectively

     

31,675

 

31,046

    Paid-in capital

     

133,224

 

115,916

    Retained earnings

     

450,956

 

311,932

         Total Shareholders' Equity

     

615,855

 

458,894

       

$ 717,724

 

$ 593,829