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)
 
             
   
September 30,
   
September 30,
 
   
2009
   
2008
 
ASSETS
           
             
CURRENT ASSETS:
           
    Cash and cash equivalents
  $ 100,259     $ 121,092  
    Accounts receivable, net of an allowance
               
        of $65 at September 30, 2009
               
        and $114 at September 30, 2008
    124,053       135,728  
    Income tax receivable
    8,306       3,292  
    Insurance receivable
    2,518       -  
    Inventories of materials and supplies, net
    50,136       37,906  
    Deferred tax assets
    35       21  
    Prepaid expenses and deferred costs
    19,297       10,225  
      Total Current Assets
    304,604       308,264  
                 
NET PROPERTY AND EQUIPMENT
    1,184,300       787,838  
      1,184,300       787,838  
                 
LONG TERM ASSETS:
               
     Other Receivables
    14,331       -  
     Deferred costs and other assets
    6,167       3,856  
      20,498       3,856  
    $ 1,509,402     $ 1,099,958  
                 
LIABILITIES AND SHAREHOLDERS' EQUITY
               
                 
CURRENT LIABILITIES:
               
   Accounts payable
  $ 19,066     $ 16,987  
   Accrued liabilities
    58,027       42,921  
   Deferred credits
    35,825       304  
       Total Current Liabilities
    112,918       60,212  
                 
LONG-TERM DEBT,
               
   net of current maturities:
    275,000       170,000  
                 
LONG TERM LIABILITIES:
               
     Deferred income taxes
    6,082       10,595  
     Deferred credits
    2,921       7,942  
     Other
    10,188       7,519  
      19,191       26,056  
                 
COMMITMENTS AND CONTINGENCIES
               
                 
SHAREHOLDERS' EQUITY:
               
    Preferred stock, no par value;
               
         1,000 shares authorized,  none outstanding
    -       -  
    Common stock, $1 par value, 90,000 shares
               
          authorized with 64,236 and 64,031 issued
               
          and outstanding at September 30, 2009
               
          and September 30, 2008, respectively
    64,236       64,031  
    Paid-in capital
    122,457       114,804  
    Retained earnings
    915,600       664,855  
        Total Shareholders' Equity
    1,102,293       843,690  
    $ 1,509,402     $ 1,099,958