EX-99.4 5 exh99-4.htm EXHIBIT 99.4 exh99-4.htm


EXHIBIT 99.4
 
ATWOOD OCEANICS, INC. AND SUBSIDIARIES
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands)

       
March 31,
 
September 30,
       
2010
 
2009
ASSETS
           
             
CURRENT ASSETS:
         
    Cash and cash equivalents
 
 $           175,783
 
 $              100,259
    Accounts receivable, net of an allowance
     
        of $0 at March 31, 2010
       
        and $65 at September 30, 2009
 
                 79,411
 
                 124,053
    Income tax receivable
   
                 19,916
 
                     8,306
    Insurance receivable
   
                          -
 
                     2,518
    Inventories of materials and supplies, net
                 51,862
 
                   50,136
    Deferred tax assets
   
                         39
 
                          35
    Prepaid expenses and deferred costs
                   9,283
 
                   19,297
      Total Current Assets
 
              336,294
 
                 304,604
             
NET PROPERTY AND EQUIPMENT
           1,250,216
 
              1,184,300
       
           1,250,216
 
              1,184,300
             
LONG TERM ASSETS:
         
     Other Receivables
   
                 15,799
 
                   14,331
     Deferred costs and other assets
 
                   4,853
 
                     6,167
       
                 20,652
 
                   20,498
       
 $        1,607,162
 
 $           1,509,402
             
LIABILITIES AND SHAREHOLDERS' EQUITY
     
             
CURRENT LIABILITIES:
       
   Accounts payable
   
 $             35,391
 
 $                19,066
   Accrued liabilities
   
                 44,329
 
                   58,027
   Deferred credits
   
                 19,587
 
                   35,825
       Total Current Liabilities
 
                 99,307
 
                 112,918
             
             
LONG-TERM DEBT
   
              250,000
 
                 275,000
             
LONG TERM LIABILITIES:
       
     Deferred income taxes
 
                      974
 
                     6,082
     Deferred credits
   
                   2,275
 
                     2,921
     Other
     
                 12,474
 
                   10,188
       
                 15,723
 
                   19,191
             
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 64,401 and 64,236 issued
     
          and outstanding at March 31, 2010
     
          and September 30, 2009, respectively
                 64,401
 
                   64,236
    Paid-in capital
   
              128,392
 
                 122,457
    Retained earnings
   
           1,049,339
 
                 915,600
        Total Shareholders' Equity
 
           1,242,132
 
              1,102,293
       
 $        1,607,162
 
 $           1,509,402