EX-99.4 5 exh99_4.htm EXHIBIT 99.4 Unassociated Document

 
 
EXHIBIT 99.4

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


   
September 30,
   
September 30,
 
   
2010
   
2009
 
ASSETS
           
             
CURRENT ASSETS:
           
    Cash and cash equivalents
  $ 180,523     $ 100,259  
    Accounts receivable
    96,463       124,053  
    Insurance receivable
    -       2,518  
    Income tax receivable
    16,052       8,306  
    Inventories of materials and supplies, net
    52,749       50,136  
    Deferred tax assets
    -       35  
    Prepaid expenses and deferred costs
    14,207       19,297  
      Total Current Assets
    359,994       304,604  
                 
NET PROPERTY AND EQUIPMENT
    1,343,961       1,184,300  
                 
LONG TERM ASSETS:
               
     Other Receivables
    15,799       14,331  
     Deferred costs and other assets
    4,686       6,167  
      20,485       20,498  
    $ 1,724,440     $ 1,509,402  
                 
LIABILITIES AND SHAREHOLDERS' EQUITY
               
                 
CURRENT LIABILITIES:
               
   Accounts payable
  $ 37,192     $ 19,066  
   Accrued liabilities
    25,368       28,960  
   Income tax payable
    26,367       29,067  
   Deferred credits
    4,533       35,825  
       Total Current Liabilities
    93,460       112,918  
                 
                 
LONG-TERM DEBT
    230,000       275,000  
                 
LONG TERM LIABILITIES:
               
     Deferred income taxes
    10,845       6,082  
     Deferred credits
    2,919       2,921  
     Other
    17,082       10,188  
      30,846       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 64,443 and 64,236 issued
               
          and outstanding at September 30, 2010
               
          and September 30, 2009, respectively
    64,443       64,236  
    Paid-in capital
    133,095       122,457  
    Retained earnings
    1,172,596       915,600  
        Total Shareholders' Equity
    1,370,134       1,102,293  
    $ 1,724,440     $ 1,509,402