EX-99 3 exh992.htm

EXHIBIT 99.2

ATWOOD OCEANICS, INC. AND SUBSIDIARIES

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

     

 

 

Three Months Ended

 

Nine Months Ended

 

June 30,

 

June 30,

 

2008

 

2007

 

2008

 

2007

               

REVENUES:

             

Contract drilling

$ 141,372

 

$ 98,371

 

$ 365,950

 

$ 278,875

Business interruption proceeds

-

 

-

 

-

 

2,558

 

141,372

 

98,371

 

365,950

 

281,433

               

COSTS AND EXPENSES:

             

Contract drilling

57,094

 

47,484

 

159,999

 

140,211

Depreciation

8,871

 

8,438

 

25,914

 

24,782

General and administrative

7,567

 

5,949

 

23,049

 

17,991

Gain on sale of equipment

(129)

 

(157)

 

(214)

 

(341)

 

73,403

 

61,714

 

208,748

 

182,643

OPERATING INCOME

67,969

 

36,657

 

157,202

 

98,790

               

OTHER INCOME (EXPENSE)

             

Interest expense, net of capitalized interest

(204)

 

(392)

 

(1,146)

 

(1,317)

Interest income

301

 

304

 

1,475

 

1,177

 

97

 

(88)

 

329

 

(140)

INCOME BEFORE INCOME TAXES

68,066

 

36,569

 

157,531

 

98,650

PROVISION FOR INCOME TAXES

7,685

 

4,536

 

16,846

 

13,775

NET INCOME

$ 60,381

 

$ 32,033

 

$ 140,685

 

$ 84,875

               

EARNINGS PER COMMON SHARE:

             

Basic

0.94

 

0.51

 

2.21

 

1.36

Diluted

0.93

 

0.50

 

2.18

 

1.34

AVERAGE COMMON SHARES OUTSTANDING:

             

Basic

64,023

 

62,982

 

63,665

 

62,466

Diluted

64,776

 

63,928

 

64,509

 

63,436