EX-99.4 5 exh99_4.htm CONDENSED CONSOLIDATED BALANCE SHEETS exh99_4.htm


EXHIBIT 99.4
             
ATWOOD OCEANICS, INC. AND SUBSIDIARIES
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands)
             
       
Mar 31, 2009
 
Sep 30, 2008
             
ASSETS
           
             
CURRENT ASSETS:
         
    Cash and cash equivalents
 
 $             213,881
 
 $              121,092
    Accounts receivable, net of an allowance
     
        of $1,079 and $114 at March 31, 2009
     
        and September 30, 2008, respectively
                113,134
 
                 135,728
    Income tax receivable
   
                    4,315
 
                     3,292
    Insurance receivable
   
                    3,068
 
                          -
    Inventories of materials and supplies
                  50,686
 
                   37,906
    Deferred tax assets
   
                         21
 
                          21
    Prepaid expenses and deferred costs
                    4,389
 
                   10,225
      Total Current Assets
 
                389,494
 
                 308,264
             
NET PROPERTY AND EQUIPMENT
                983,860
 
                 787,838
             
DEFERRED COSTS AND OTHER ASSETS
                    5,697
 
                     3,856
       
 $          1,379,051
 
 $           1,099,958
             
LIABILITIES AND SHAREHOLDERS' EQUITY
     
             
CURRENT LIABILITIES:
       
   Accounts payable
   
 $               17,216
 
 $                16,987
   Accrued liabilities
   
                  57,982
 
                   42,921
   Deferred credits
   
                       367
 
                        304
       Total Current Liabilities
 
                  75,565
 
                   60,212
             
LONG-TERM DEBT,
         
   net of current maturities:
 
                300,000
 
                 170,000
       
                300,000
 
                 170,000
LONG TERM LIABILITIES:
       
     Deferred income taxes
 
                    9,709
 
                   10,595
     Deferred credits
   
                    4,937
 
                     7,942
     Other
     
                    6,387
 
                     7,519
       
                  21,033
 
                   26,056
             
SHAREHOLDERS' EQUITY:
       
    Preferred stock, no par value;
       
         1,000 shares authorized,  none outstanding
                            -
 
                            -
    Common stock, $1 par value, 90,000 shares
     
          authorized with 64,186 and 64,031 issued
     
          and outstanding at March 31, 2009
     
          and September 30, 2008, respectively
                  64,186
 
                   64,031
    Paid-in capital
   
                118,622
 
                 114,804
    Retained earnings
   
                799,645
 
                 664,855
        Total Shareholders' Equity
 
                982,453
 
                 843,690
       
 $          1,379,051
 
 $           1,099,958