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
   
Twelve Months Ended
 
   
September 30,
   
September 30,
 
   
2009
   
2008
   
2009
   
2008
 
                         
REVENUES:
                       
Contract drilling
  $ 131,044     $ 160,654     $ 586,507     $ 526,604  
                                 
COSTS AND EXPENSES:
                               
Contract drilling
    54,938       56,396       221,709       216,395  
Depreciation
    9,538       8,869       35,119       34,783  
General and administrative
    6,856       7,926       31,639       30,975  
Gain on sale of equipment
    (350 )     59       (402 )     (155 )
 
    70,982       73,250       288,065       281,998  
OPERATING INCOME
    60,062       87,404       298,442       244,606  
                                 
OTHER INCOME (EXPENSE)
                               
Interest expense, net of capitalized interest
    (649 )     (264 )     (2,293 )     (1,410 )
Interest income
    25       104       282       1,579  
      (624 )     (160 )     (2,011 )     169  
INCOME  BEFORE INCOME TAXES
    59,438       87,244       296,431       244,775  
PROVISION FOR INCOME TAXES
    11,154       12,491       45,686       29,337  
NET INCOME
  $ 48,284     $ 74,753     $ 250,745     $ 215,438  
                                 
EARNINGS PER COMMON SHARE:
                               
              Basic
    0.75       1.17       3.91       3.38  
              Diluted
    0.75       1.16       3.89       3.34  
AVERAGE COMMON SHARES OUTSTANDING:
                               
            Basic
    64,212       64,031       64,167       63,756  
            Diluted
    64,786       64,697       64,493       64,556