EX-99.2 3 exh99_2.htm CONSOLIDATED STATEMENT OF OPERATIONS Unassociated Document

EXHIBIT 99.2


ATWOOD OCEANICS, INC. AND SUBSIDIARIES
UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share amounts)



 
Three Months Ended
 
Six Months Ended
 
March 31,
     
March 31,
   
 
2009
 
2008
 
2009
 
2008
               
REVENUES:
             
Contract drilling
 $    140,652
 
 $    113,530
 
 $    306,156
 
 $    224,578
               
COSTS AND EXPENSES:
             
Contract drilling
         53,008
 
         51,845
 
       108,405
 
       102,905
Depreciation
           8,143
 
           8,586
 
         16,052
 
         17,043
General and administrative
           7,645
 
           7,173
 
         17,889
 
         15,482
Gain on sale of equipment
            (229)
 
            (112)
 
            (181)
 
              (85)
 
         68,567
 
         67,492
 
       142,165
 
       135,345
OPERATING INCOME
         72,085
 
         46,038
 
       163,991
 
         89,233
               
OTHER INCOME (EXPENSE)
             
Interest expense, net of capitalized interest
            (604)
 
            (139)
 
            (909)
 
            (942)
Interest income
                52
 
              455
 
              167
 
           1,174
 
            (552)
 
              316
 
            (742)
 
              232
INCOME  BEFORE INCOME TAXES
         71,533
 
         46,354
 
       163,249
 
         89,465
PROVISION FOR INCOME TAXES
         15,106
 
           4,599
 
         28,459
 
           9,161
NET INCOME
 $      56,427
 
 $      41,755
 
 $    134,790
 
 $      80,304
               
EARNINGS PER COMMON SHARE:
             
              Basic
0.88
 
0.66
 
2.10
 
1.26
              Diluted
0.88
 
0.65
 
2.10
 
1.25
AVERAGE COMMON SHARES OUTSTANDING:
             
            Basic
64,186
 
63,602
 
64,134
 
63,486
            Diluted
64,235
 
64,428
 
64,284
 
64,376