EX-99.4 5 exh99-4.htm CONDENSED CONSOLIDATED BALANCE SHEETS Unassociated Document

EXHIBIT 99.4
 
             
ATWOOD OCEANICS, INC. AND SUBSIDIARIES
 
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
 
(In thousands)
 
             
   
Jun 30, 2009
   
Sep 30, 2008
 
             
ASSETS
           
             
CURRENT ASSETS:
           
    Cash and cash equivalents
  $ 91,032     $ 121,092  
    Accounts receivable, net of an allowance
               
        of $1,051 and $114 at June 30, 2009
               
        and September 30, 2008, respectively
    126,012       132,367  
    Income tax receivable
    5,838       3,292  
    Insurance receivable
    6,940       -  
    Inventories of materials and supplies
    53,531       37,906  
    Deferred tax assets
    25       21  
    Prepaid expenses and deferred costs
    2,814       10,225  
      Total Current Assets
    286,192       304,903  
                 
NET PROPERTY AND EQUIPMENT
    1,112,044       787,838  
                 
DEFERRED COSTS AND OTHER ASSETS
    6,749       3,856  
    $ 1,404,985     $ 1,096,597  
                 
LIABILITIES AND SHAREHOLDERS' EQUITY
               
                 
CURRENT LIABILITIES:
               
   Accounts payable
  $ 18,124     $ 16,987  
   Accrued liabilities
    59,452       39,560  
   Deferred credits
    6,123       304  
       Total Current Liabilities
    83,699       56,851  
                 
LONG-TERM DEBT,
               
   net of current maturities:
    250,000       170,000  
      250,000       170,000  
LONG TERM LIABILITIES:
               
     Deferred income taxes
    8,516       10,595  
     Deferred credits
    3,166       7,942  
     Other
    7,503       7,519  
      19,185       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 64,195 and 64,031 issued
               
          and outstanding at June 30, 2009
               
          and September 30, 2008, respectively
    64,195       64,031  
    Paid-in capital
    120,590       114,804  
    Retained earnings
    867,316       664,855  
        Total Shareholders' Equity
    1,052,101       843,690  
    $ 1,404,985     $ 1,096,597