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
   
Nine Months Ended
 
   
June 30,
         
June 30,
       
   
2009
   
2008
   
2009
   
2008
 
                         
REVENUES:
                       
Contract drilling
  $ 149,307     $ 141,372     $ 455,463     $ 365,950  
                                 
COSTS AND EXPENSES:
                               
Contract drilling
    58,366       57,094       166,771       159,999  
Depreciation
    9,529       8,871       25,581       25,914  
General and administrative
    6,894       7,567       24,783       23,049  
(Gain) loss on sale of equipment
    129       (129 )     (52 )     (214 )
      74,918       73,403       217,083       208,748  
OPERATING INCOME
    74,389       67,969       238,380       157,202  
                                 
OTHER INCOME (EXPENSE)
                               
Interest expense, net of capitalized interest
    (735 )     (204 )     (1,644 )     (1,146 )
Interest income
    90       301       257       1,475  
      (645 )     97       (1,387 )     329  
INCOME  BEFORE INCOME TAXES
    73,744       68,066       236,993       157,531  
PROVISION FOR INCOME TAXES
    6,073       7,685       34,532       16,846  
NET INCOME
  $ 67,671     $ 60,381     $ 202,461     $ 140,685  
                                 
EARNINGS PER COMMON SHARE:
                               
            Basic
    1.05       0.94       3.16       2.21  
            Diluted
    1.05       0.93       3.14       2.18  
AVERAGE COMMON SHARES OUTSTANDING:
                               
            Basic
    64,190       64,023       64,152       63,665  
            Diluted
    64,617       64,776       64,395       64,509