EX-99 3 exh992.htm EXHIBIT 99.2 STATEMENT OF OPERATIONS

EXHIBIT 99.2

ATWOOD OCEANICS, INC. AND SUBSIDIARIES

UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share amounts)

 

 

Three Months Ended

 

December 31,

 

2007

 

2006

       

REVENUES:

     

Contract drilling

$ 111,048

 

$ 86,242

Business interruption proceeds

-

 

2,558

 

111,048

 

88,800

       

COSTS AND EXPENSES:

     

Contract drilling

51,060

 

49,110

Depreciation

8,457

 

8,015

General and administrative

8,309

 

7,191

Gain on sale of equipment

27

 

(47)

 

67,853

 

64,269

OPERATING INCOME

43,195

 

24,531

       

OTHER INCOME (EXPENSE)

     

Interest expense

(803)

 

(537)

Interest income

719

 

469

 

(84)

 

(68)

INCOME BEFORE INCOME TAXES

43,111

 

24,463

PROVISION FOR INCOME TAXES

4,562

 

3,378

NET INCOME

$ 38,549

 

$ 21,085

       

EARNINGS PER COMMON SHARE:

     

Basic

$ 1.22

 

$ 0.68

Diluted

1.20

 

0.67

AVERAGE COMMON SHARES OUTSTANDING:

     

Basic

31,685

 

31,060

Diluted

32,162

 

31,614