EX-99.2 3 exh99-2.htm EXH 99.2 exh99-2.htm


EXHIBIT 99.2


ATWOOD OCEANICS, INC. AND SUBSIDIARIES
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share amounts)


 
Three Months Ended  
June 30,
Nine Months Ended
June 30,
               
 
2010
 
2009
 
2010
 
2009
               
REVENUES:
             
Contract drilling
 $    166,637
 
 $    149,307
 
 $    489,949
 
 $    455,463
               
COSTS AND EXPENSES:
             
Contract drilling
         63,139
 
         58,366
 
       186,950
 
       166,771
Depreciation
           9,611
 
           9,529
 
         28,967
 
         25,581
General and administrative
           9,339
 
           6,894
 
         30,683
 
         24,783
Other-net
            (822)
 
              129
 
         (1,521)
 
              (52)
 
         81,267
 
         74,918
 
       245,079
 
       217,083
OPERATING INCOME
         85,370
 
         74,389
 
       244,870
 
       238,380
               
OTHER INCOME (EXPENSE):
             
Interest expense, net of capitalized interest
            (698)
 
            (735)
 
         (2,010)
 
         (1,644)
Interest income
              175
 
                90
 
              260
 
              257
 
            (523)
 
            (645)
 
         (1,750)
 
         (1,387)
INCOME  BEFORE INCOME TAXES
         84,847
 
         73,744
 
       243,120
 
       236,993
PROVISION FOR INCOME TAXES
         25,853
 
           6,073
 
         50,387
 
         34,532
NET INCOME
 $      58,994
 
 $      67,671
 
 $    192,733
 
 $    202,461
               
EARNINGS PER COMMON SHARE:
             
              Basic
0.92
 
1.05
 
2.99
 
3.16
              Diluted
0.91
 
1.05
 
2.96
 
3.14
AVERAGE COMMON SHARES OUTSTANDING:
             
              Basic
64,427
 
64,190
 
64,375
 
64,152
              Diluted
65,037
 
64,617
 
65,054
 
64,395