EX-99.2 3 exh99_2.htm EXHIBIT 99.2 exh99_2.htm



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,
 
   
2010
   
2009
   
2010
   
2009
 
                         
REVENUES:
                       
Contract drilling
  $ 160,613     $ 131,044     $ 650,562     $ 586,507  
                                 
COSTS AND EXPENSES:
                               
Contract drilling
    65,477       54,938       252,427       221,709  
Depreciation
    8,063       9,538       37,030       35,119  
General and administrative
    9,937       6,856       40,620       31,639  
Other-net
    (334 )     (350 )     (1,855 )     (402 )
 
    83,143       70,982       328,222       288,065  
OPERATING INCOME
    77,470       60,062       322,340       298,442  
                                 
OTHER INCOME (EXPENSE)
                               
Interest expense, net of capitalized interest
    (715 )     (649 )     (2,725 )     (2,293 )
Interest income
    104       25       364       282  
      (611 )     (624 )     (2,361 )     (2,011 )
INCOME  BEFORE INCOME TAXES
    76,859       59,438       319,979       296,431  
PROVISION FOR INCOME TAXES
    12,630       11,154       62,983       45,686  
NET INCOME
  $ 64,229     $ 48,284     $ 256,996     $ 250,745  
                                 
EARNINGS PER COMMON SHARE:
                               
              Basic
    1.00       0.75       3.99       3.91  
              Diluted
    0.99       0.75       3.95       3.89  
AVERAGE COMMON SHARES OUTSTANDING:
                               
            Basic
    64,439       64,212       64,391       64,167  
            Diluted
    64,951       64,786       65,028       64,493