EX-99 5 exh99-4.htm BALANCE SHEETS

EXHIBIT 99.4      

ATWOOD OCEANICS, INC. AND SUBSIDIARIES  

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS  

(In thousands)  
                          

September 30,

  September 30,
       

2008

   

2007

 
ASSETS    
CURRENT ASSETS:    
    Cash and cash equivalents     $ 121,092   $ 100,361  
    Accounts receivable, net of an allowance    
        of $114 and $164 at September 30, 2008    
        and 2007, respectively       135,728     76,597  
    Income tax receivable       3,292     1,870  
    Inventories of materials and supplies, net       37,906     26,721  
    Deferred tax assets       21     390  
    Prepaid expenses and deferred costs       10,225     10,240  
      Total Current Assets       308,264     216,179  
NET PROPERTY AND EQUIPMENT       787,838     493,851  
DEFERRED COSTS AND OTHER ASSETS       3,856     7,694  
      $ 1,099,958   $ 717,724  
LIABILITIES AND SHAREHOLDERS' EQUITY    
CURRENT LIABILITIES:    
   Current maturities of notes payable     $ -   $ 18,000  
   Accounts payable       16,987     11,769  
   Accrued liabilities       42,921     27,861  
     Deferred credits       304     --  
       Total Current Liabilities       60,212     57,630  
LONG-TERM DEBT,    
   net of current maturities:       170,000     --  
        170,000     --  
LONG TERM LIABILITIES:    
     Deferred income taxes       10,595     14,729  
     Deferred credits       7,942     24,093  
     Other       7,519     5,417  
        26,056     44,239  
COMMITMENTS AND CONTENGENCIES    
SHAREHOLDERS' EQUITY:    
    Preferred stock, no par value;    
         1,000 shares authorized, none outstanding       --     --  
    Common stock, $1 par value, 90,000 shares    
          authorized with 64,031 and 63,350 issued    
          and outstanding at September 30, 2008    
          and 2007, respectively       64,031     63,350  
    Paid-in capital       114,804     101,549  
    Retained earnings       664,855     450,956  
        Total Shareholders' Equity       843,690     615,855  
      $ 1,099,958   $ 717,724