Document_and_Entity_Informatio
Document and Entity Information | 9 Months Ended | |
Sep. 30, 2013 | Oct. 31, 2013 | |
Document Information [Line Items] | ' | ' |
Document Type | '10-Q | ' |
Amendment Flag | 'false | ' |
Document Period End Date | 30-Sep-13 | ' |
Document Fiscal Year Focus | '2013 | ' |
Document Fiscal Period Focus | 'Q3 | ' |
Entity Registrant Name | 'Noble Corp / Switzerland | ' |
Entity Central Index Key | '0001458891 | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Filer Category | 'Large Accelerated Filer | ' |
Entity Common Stock, Shares Outstanding | ' | 253,407,310 |
Noble-Cayman [Member] | ' | ' |
Document Information [Line Items] | ' | ' |
Entity Filer Category | 'Non-accelerated Filer | ' |
Entity Common Stock, Shares Outstanding | ' | 261,245,693 |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Current assets | ' | ' |
Cash and cash equivalents | $178,370 | $282,092 |
Accounts receivable | 865,746 | 743,673 |
Taxes receivable | 143,635 | 112,423 |
Prepaid expenses | 52,752 | 43,962 |
Other current assets | 134,500 | 123,175 |
Total current assets | 1,375,003 | 1,305,325 |
Property and equipment, at cost | 18,606,931 | 16,971,666 |
Accumulated depreciation | -4,534,474 | -3,945,694 |
Property and equipment, net | 14,072,457 | 13,025,972 |
Other assets | 281,871 | 276,477 |
Total assets | 15,729,331 | 14,607,774 |
Current liabilities | ' | ' |
Accounts payable | 318,013 | 350,147 |
Accrued payroll and related costs | 137,481 | 132,728 |
Taxes payable | 134,318 | 135,257 |
Dividends payable | 192,352 | 66,369 |
Other current liabilities | 202,422 | 226,948 |
Total current liabilities | 984,586 | 911,449 |
Long-term debt | 5,307,838 | 4,634,375 |
Deferred income taxes | 187,648 | 226,045 |
Other liabilities | 392,443 | 347,615 |
Total liabilities | 6,872,515 | 6,119,484 |
Commitments and contingencies | ' | ' |
Shareholders' equity | ' | ' |
Shares | 712,421 | 710,130 |
Treasury shares, at cost; 777 and 589 shares | -28,627 | -21,069 |
Additional paid-in capital | 117,458 | 83,531 |
Retained earnings | 7,417,890 | 7,066,023 |
Accumulated other comprehensive loss | -110,583 | -115,449 |
Total shareholders' equity | 8,108,559 | 7,723,166 |
Noncontrolling interests | 748,257 | 765,124 |
Total equity | 8,856,816 | 8,488,290 |
Total liabilities and equity | 15,729,331 | 14,607,774 |
Noble-Cayman [Member] | ' | ' |
Current assets | ' | ' |
Cash and cash equivalents | 173,717 | 277,375 |
Accounts receivable | 865,746 | 743,673 |
Taxes receivable | 143,238 | 112,310 |
Prepaid expenses | 49,329 | 41,232 |
Other current assets | 134,004 | 122,649 |
Total current assets | 1,366,034 | 1,297,239 |
Property and equipment, at cost | 18,569,631 | 16,935,147 |
Accumulated depreciation | -4,526,002 | -3,938,518 |
Property and equipment, net | 14,043,629 | 12,996,629 |
Other assets | 281,956 | 276,558 |
Total assets | 15,691,619 | 14,570,426 |
Current liabilities | ' | ' |
Accounts payable | 315,933 | 349,594 |
Accrued payroll and related costs | 129,170 | 123,936 |
Taxes payable | 130,071 | 130,844 |
Other current liabilities | 202,422 | 226,935 |
Total current liabilities | 777,596 | 831,309 |
Long-term debt | 5,307,838 | 4,634,375 |
Deferred income taxes | 187,648 | 226,045 |
Other liabilities | 392,443 | 347,615 |
Total liabilities | 6,665,525 | 6,039,344 |
Commitments and contingencies | ' | ' |
Shareholders' equity | ' | ' |
Shares | 26,125 | 26,125 |
Additional paid-in capital | 489,058 | 470,454 |
Retained earnings | 7,873,237 | 7,384,828 |
Accumulated other comprehensive loss | -110,583 | -115,449 |
Total shareholders' equity | 8,277,837 | 7,765,958 |
Noncontrolling interests | 748,257 | 765,124 |
Total equity | 9,026,094 | 8,531,082 |
Total liabilities and equity | $15,691,619 | $14,570,426 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parenthetical) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Ordinary shares, shares outstanding | 254,165 | 253,348 |
Treasury shares | 777 | 589 |
Noble-Cayman [Member] | ' | ' |
Ordinary shares, shares outstanding | 261,246 | 261,246 |
Consolidated_Statements_of_Inc
Consolidated Statements of Income (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Operating revenues | ' | ' | ' | ' |
Contract drilling services | $1,041,118 | $833,212 | $2,945,310 | $2,427,759 |
Reimbursables | 29,242 | 28,137 | 78,676 | 94,090 |
Labor contract drilling services | 8,493 | 22,667 | 43,150 | 58,538 |
Other | 28 | 16 | 105 | 258 |
Total operating revenues | 1,078,881 | 884,032 | 3,067,241 | 2,580,645 |
Operating costs and expenses | ' | ' | ' | ' |
Contract drilling services | 488,250 | 449,125 | 1,464,320 | 1,292,638 |
Reimbursables | 23,671 | 21,047 | 61,294 | 76,618 |
Labor contract drilling services | 8,153 | 12,991 | 29,804 | 34,070 |
Depreciation and amortization | 223,711 | 195,087 | 642,456 | 549,779 |
General and administrative | 33,776 | 26,858 | 86,196 | 75,388 |
Loss on impairment | 3,585 | 0 | 3,585 | 18,345 |
Gain on disposal of assets, net | -35,646 | 0 | -35,646 | 0 |
Gain on contract settlements/extinguishments, net | -45,000 | 0 | -46,800 | -33,255 |
Total operating costs and expenses | 700,500 | 705,108 | 2,205,209 | 2,013,583 |
Operating income | 378,381 | 178,924 | 862,032 | 567,062 |
Other income (expense) | ' | ' | ' | ' |
Interest expense, net of amount capitalized | -23,149 | -25,635 | -75,115 | -56,783 |
Interest income and other, net | 1,057 | 1,553 | 1,587 | 4,526 |
Income before income taxes | 356,289 | 154,842 | 788,504 | 514,805 |
Income tax provision | -55,830 | -25,162 | -127,006 | -93,107 |
Net income | 300,459 | 129,680 | 661,498 | 421,698 |
Net income attributable to noncontrolling interests | -18,502 | -14,906 | -52,861 | -26,931 |
Net income attributable to Noble Corporation | 281,957 | 114,774 | 608,637 | 394,767 |
Net income per share | ' | ' | ' | ' |
Basic | $1.10 | $0.45 | $2.37 | $1.55 |
Diluted | $1.10 | $0.45 | $2.37 | $1.55 |
Noble-Cayman [Member] | ' | ' | ' | ' |
Operating revenues | ' | ' | ' | ' |
Contract drilling services | 1,041,118 | 833,212 | 2,945,310 | 2,427,759 |
Reimbursables | 29,242 | 28,137 | 78,676 | 94,090 |
Labor contract drilling services | 8,493 | 22,667 | 43,150 | 58,538 |
Other | 28 | 16 | 105 | 258 |
Total operating revenues | 1,078,881 | 884,032 | 3,067,241 | 2,580,645 |
Operating costs and expenses | ' | ' | ' | ' |
Contract drilling services | 486,113 | 444,225 | 1,448,119 | 1,280,969 |
Reimbursables | 23,671 | 21,047 | 61,294 | 76,618 |
Labor contract drilling services | 8,153 | 12,991 | 29,804 | 34,070 |
Depreciation and amortization | 223,176 | 194,595 | 641,159 | 548,271 |
General and administrative | 7,251 | 15,487 | 37,682 | 44,964 |
Loss on impairment | 3,585 | 0 | 3,585 | 18,345 |
Gain on disposal of assets, net | -35,646 | 0 | -35,646 | 0 |
Gain on contract settlements/extinguishments, net | -45,000 | 0 | -46,800 | -33,255 |
Total operating costs and expenses | 671,303 | 688,345 | 2,139,197 | 1,969,982 |
Operating income | 407,578 | 195,687 | 928,044 | 610,663 |
Other income (expense) | ' | ' | ' | ' |
Interest expense, net of amount capitalized | -23,149 | -25,635 | -75,115 | -56,783 |
Interest income and other, net | 415 | 1,361 | 1,183 | 4,368 |
Income before income taxes | 384,844 | 171,413 | 854,112 | 558,248 |
Income tax provision | -55,488 | -24,784 | -125,232 | -91,972 |
Net income | 329,356 | 146,629 | 728,880 | 466,276 |
Net income attributable to noncontrolling interests | -18,502 | -14,906 | -52,861 | -26,931 |
Net income attributable to Noble Corporation | $310,854 | $131,723 | $676,019 | $439,345 |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Income (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Net income | $300,459 | $129,680 | $661,498 | $421,698 |
Other comprehensive income/(loss), net of tax | ' | ' | ' | ' |
Foreign currency translation adjustments | -1,135 | 2,033 | -658 | -4,994 |
Foreign currency forward contracts | 5,320 | 0 | 589 | 3,061 |
Amortization of deferred pension plan amounts | 1,661 | 1,351 | 4,935 | 4,177 |
Net current period other comprehensive income/(loss) | 5,846 | 3,384 | 4,866 | 2,244 |
Net comprehensive income attributable to noncontrolling interests | -18,502 | -14,906 | -52,861 | -26,931 |
Comprehensive income attributable to Noble Corporation | 287,803 | 118,158 | 613,503 | 397,011 |
Noble-Cayman [Member] | ' | ' | ' | ' |
Net income | 329,356 | 146,629 | 728,880 | 466,276 |
Other comprehensive income/(loss), net of tax | ' | ' | ' | ' |
Foreign currency translation adjustments | -1,135 | 2,033 | -658 | -4,994 |
Foreign currency forward contracts | 5,320 | 0 | 589 | 3,061 |
Amortization of deferred pension plan amounts | 1,661 | 1,351 | 4,935 | 4,177 |
Net current period other comprehensive income/(loss) | 5,846 | 3,384 | 4,866 | 2,244 |
Net comprehensive income attributable to noncontrolling interests | -18,502 | -14,906 | -52,861 | -26,931 |
Comprehensive income attributable to Noble Corporation | $316,700 | $135,107 | $680,885 | $441,589 |
Consolidated_Statements_of_Com1
Consolidated Statements of Comprehensive Income (Parenthetical) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Amortization of deferred pension plan, tax provision | $732 | $790 | $2,192 | $2,157 |
Noble-Cayman [Member] | ' | ' | ' | ' |
Amortization of deferred pension plan, tax provision | $732 | $790 | $2,192 | $2,157 |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Cash flows from operating activities | ' | ' |
Net income | $661,498 | $421,698 |
Adjustments to reconcile net income to net cash from operating activities: | ' | ' |
Depreciation and amortization | 642,456 | 549,779 |
Loss on impairment | 3,585 | 18,345 |
Gain on disposal of assets, net | -35,646 | 0 |
Deferred income taxes | -41,400 | -16,090 |
Amortization of share-based compensation | 33,471 | 28,782 |
Net change in other assets and liabilities | -102,310 | -71,010 |
Net cash from operating activities | 1,161,654 | 931,504 |
Cash flows from investing activities | ' | ' |
Capital expenditures | -1,724,727 | -1,247,139 |
Change in accrued capital expenditures | -66,946 | -195,044 |
Proceeds from disposal of assets | 61,000 | 0 |
Net cash from investing activities | -1,730,673 | -1,442,183 |
Cash flows from financing activities | ' | ' |
Net change in borrowings outstanding on bank credit facilities | 973,055 | -630,000 |
Repayment of long-term debt | -300,000 | 0 |
Proceeds from issuance of senior notes, net of debt issuance costs | 0 | 1,186,636 |
Dividends paid to joint venture partner | -69,728 | 0 |
Contributions from joint venture partner | 0 | 40,000 |
Financing costs on credit facilities | -2,432 | -5,014 |
Par value reduction/dividend payments | -130,787 | -105,092 |
Proceeds from employee stock transactions | 2,747 | 13,853 |
Repurchases of employee shares surrendered for taxes | -7,558 | -10,433 |
Net cash from financing activities | 465,297 | 489,950 |
Net change in cash and cash equivalents | -103,722 | -20,729 |
Cash and cash equivalents, beginning of period | 282,092 | 239,196 |
Cash and cash equivalents, end of period | 178,370 | 218,467 |
Noble-Cayman [Member] | ' | ' |
Cash flows from operating activities | ' | ' |
Net income | 728,880 | 466,276 |
Adjustments to reconcile net income to net cash from operating activities: | ' | ' |
Depreciation and amortization | 641,159 | 548,271 |
Loss on impairment | 3,585 | 18,345 |
Gain on disposal of assets, net | -35,646 | 0 |
Deferred income taxes | -41,400 | -16,090 |
Capital contribution by parent-share-based compensation | 18,604 | 15,412 |
Net change in other assets and liabilities | -102,238 | -75,357 |
Net cash from operating activities | 1,212,944 | 956,857 |
Cash flows from investing activities | ' | ' |
Capital expenditures | -1,723,941 | -1,245,671 |
Change in accrued capital expenditures | -66,946 | -195,044 |
Proceeds from disposal of assets | 61,000 | 0 |
Net cash from investing activities | -1,729,887 | -1,440,715 |
Cash flows from financing activities | ' | ' |
Net change in borrowings outstanding on bank credit facilities | 973,055 | -630,000 |
Repayment of long-term debt | -300,000 | 0 |
Proceeds from issuance of senior notes, net of debt issuance costs | 0 | 1,186,636 |
Dividends paid to joint venture partner | -69,728 | 0 |
Contributions from joint venture partner | 0 | 40,000 |
Financing costs on credit facilities | -2,432 | -5,014 |
Distributions to parent company, net | -187,610 | -129,139 |
Net cash from financing activities | 413,285 | 462,483 |
Net change in cash and cash equivalents | -103,658 | -21,375 |
Cash and cash equivalents, beginning of period | 277,375 | 235,056 |
Cash and cash equivalents, end of period | $173,717 | $213,681 |
Consolidated_Statements_of_Equ
Consolidated Statements of Equity (USD $) | Total | Noble-Cayman [Member] | Shares [Member] | Shares [Member] | Additional Paid-in Capital [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Retained Earnings [Member] | Treasury Shares [Member] | Accumulated Other Comprehensive Loss [Member] | Accumulated Other Comprehensive Loss [Member] | Noncontrolling Interests [Member] | Noncontrolling Interests [Member] |
In Thousands, unless otherwise specified | Noble-Cayman [Member] | Noble-Cayman [Member] | Noble-Cayman [Member] | Noble-Cayman [Member] | Noble-Cayman [Member] | ||||||||
Beginning Balance at Dec. 31, 2011 | $8,097,852 | $8,073,633 | $766,595 | $26,125 | $48,356 | $450,616 | $6,676,444 | $6,979,882 | ($10,553) | ($74,321) | ($74,321) | $691,331 | $691,331 |
Beginning Balance, (Shares) at Dec. 31, 2011 | ' | ' | 252,639 | 261,246 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Employee related equity activity | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Amortization of share-based compensation | 28,782 | ' | ' | ' | 28,782 | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of share-based compensation shares | 8 | ' | 1,284 | ' | -1,276 | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of share-based compensation shares, Shares | ' | ' | 428 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Exercise of stock options | 12,671 | ' | 1,722 | ' | 10,949 | ' | ' | ' | ' | ' | ' | ' | ' |
Exercise of stock options, Shares | ' | ' | 606 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Tax benefit of employee stock transactions | 1,174 | ' | ' | ' | 1,174 | ' | ' | ' | ' | ' | ' | ' | ' |
Restricted shares forfeited or repurchased for taxes | -10,433 | ' | -1,138 | ' | 1,138 | ' | ' | ' | -10,433 | ' | ' | ' | ' |
Restricted shares forfeited or repurchased for taxes, Shares | ' | ' | -374 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net income | 421,698 | 466,276 | ' | ' | ' | ' | 394,767 | 439,345 | ' | ' | ' | 26,931 | 26,931 |
Equity contribution by joint venture partner | 40,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 40,000 | ' |
Capital contributions by parent- share-based compensation | ' | 15,412 | ' | ' | ' | 15,412 | ' | ' | ' | ' | ' | ' | ' |
Par value reduction payments | -71,897 | ' | -58,470 | ' | -13,427 | ' | ' | ' | ' | ' | ' | ' | ' |
Distributions to parent | ' | -129,139 | ' | ' | ' | ' | ' | -129,139 | ' | ' | ' | ' | ' |
Dividends declared | -132,777 | ' | ' | ' | ' | ' | -132,777 | ' | ' | ' | ' | ' | ' |
Equity contribution by joint venture partner | ' | 40,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 40,000 |
Other comprehensive income, net | 2,244 | 2,244 | ' | ' | ' | ' | ' | ' | ' | 2,244 | 2,244 | ' | ' |
Ending Balance at Sep. 30, 2012 | 8,389,322 | 8,468,426 | 709,993 | 26,125 | 75,696 | 466,028 | 6,938,434 | 7,290,088 | -20,986 | -72,077 | -72,077 | 758,262 | 758,262 |
Ending Balance (Shares) at Sep. 30, 2012 | ' | ' | 253,299 | 261,246 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Beginning Balance at Jun. 30, 2012 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Employee related equity activity | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net income | 129,680 | 146,629 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Other comprehensive income, net | 3,384 | 3,384 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ending Balance at Sep. 30, 2012 | 8,389,322 | 8,468,426 | ' | 26,125 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ending Balance (Shares) at Sep. 30, 2012 | ' | ' | ' | 261,246 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Beginning Balance at Dec. 31, 2012 | 8,488,290 | 8,531,082 | 710,130 | 26,125 | 83,531 | 470,454 | 7,066,023 | 7,384,828 | -21,069 | -115,449 | -115,449 | 765,124 | 765,124 |
Beginning Balance, (Shares) at Dec. 31, 2012 | ' | ' | 253,348 | 261,246 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Employee related equity activity | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Amortization of share-based compensation | 33,471 | ' | ' | ' | 33,471 | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of share-based compensation shares | 17 | ' | 1,851 | ' | -1,834 | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of share-based compensation shares, Shares | ' | ' | 659 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Exercise of stock options | 4,200 | ' | 440 | ' | 3,760 | ' | ' | ' | ' | ' | ' | ' | ' |
Exercise of stock options, Shares | ' | ' | 158 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Tax benefit of employee stock transactions | -1,470 | ' | ' | ' | -1,470 | ' | ' | ' | ' | ' | ' | ' | ' |
Restricted shares forfeited or repurchased for taxes | -7,558 | ' | ' | ' | ' | ' | ' | ' | -7,558 | ' | ' | ' | ' |
Restricted shares forfeited or repurchased for taxes, Shares | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net income | 661,498 | 728,880 | ' | ' | ' | ' | 608,637 | 676,019 | ' | ' | ' | 52,861 | 52,861 |
Capital contributions by parent- share-based compensation | ' | 18,604 | ' | ' | ' | 18,604 | ' | ' | ' | ' | ' | ' | ' |
Distributions to parent | ' | -187,610 | ' | ' | ' | ' | ' | -187,610 | ' | ' | ' | ' | ' |
Dividends declared | -256,770 | ' | ' | ' | ' | ' | -256,770 | ' | ' | ' | ' | ' | ' |
Dividends paid to joint venture partner | -69,728 | -69,728 | ' | ' | ' | ' | ' | ' | ' | ' | ' | -69,728 | -69,728 |
Other comprehensive income, net | 4,866 | 4,866 | ' | ' | ' | ' | ' | ' | ' | 4,866 | 4,866 | ' | ' |
Ending Balance at Sep. 30, 2013 | 8,856,816 | 9,026,094 | 712,421 | 26,125 | 117,458 | 489,058 | 7,417,890 | 7,873,237 | -28,627 | -110,583 | -110,583 | 748,257 | 748,257 |
Ending Balance (Shares) at Sep. 30, 2013 | ' | ' | 254,165 | 261,246 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Beginning Balance at Jun. 30, 2013 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Employee related equity activity | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net income | 300,459 | 329,356 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Other comprehensive income, net | 5,846 | 5,846 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ending Balance at Sep. 30, 2013 | $8,856,816 | $9,026,094 | ' | $26,125 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ending Balance (Shares) at Sep. 30, 2013 | ' | ' | ' | 261,246 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Organization_and_Basis_of_Pres
Organization and Basis of Presentation | 9 Months Ended | |||
Sep. 30, 2013 | ||||
Accounting Policies [Abstract] | ' | |||
Organization and Basis of Presentation | ' | |||
Note 1 — Organization and Basis of Presentation | ||||
Noble Corporation, a Swiss corporation (“Noble-Swiss”), is a leading offshore drilling contractor for the oil and gas industry. We perform contract drilling services with our fleet of 79 mobile offshore drilling units located worldwide. We also own one floating production storage and offloading unit (“FPSO”). Currently, our fleet consists of 14 semisubmersibles, 14 drillships, 49 jackups and two submersibles. At September 30, 2013, we had nine units under construction as follows: | ||||
• | three dynamically positioned, ultra-deepwater, harsh environment drillships; and | |||
• | six high-specification heavy-duty, harsh environment jackups. | |||
Subsequent to September 30, 2013, one newbuild drillship, the Noble Bob Douglas, and one newbuild jackup, the Noble Regina Allen, were delivered from the shipyard. These units are currently mobilizing, undergoing final commissioning and customer acceptance testing before commencing their respective contracts. | ||||
Our fleet is deployed globally in oil and gas producing regions. Noble and its predecessors have been engaged in the contract drilling of oil and gas wells since 1921. | ||||
Noble Corporation, a Cayman Islands company (“Noble-Cayman”) is a direct, wholly-owned subsidiary of Noble-Swiss, our publicly-traded parent company. Noble-Swiss’ principal asset is all of the shares of Noble-Cayman. Noble-Cayman has no public equity outstanding. The consolidated financial statements of Noble-Swiss include the accounts of Noble-Cayman, and Noble-Swiss conducts substantially all of its business through Noble-Cayman and its subsidiaries. | ||||
The accompanying unaudited consolidated financial statements of Noble-Swiss and Noble-Cayman have been prepared pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) as they pertain to Form 10-Q. Accordingly, certain information and disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) have been condensed or omitted pursuant to such rules and regulations. The unaudited financial statements reflect all adjustments which are, in the opinion of management, necessary for a fair statement of the financial position and results of operations for the interim periods, on a basis consistent with the annual audited consolidated financial statements. All such adjustments are of a recurring nature. The December 31, 2012 Consolidated Balance Sheets presented herein are derived from the December 31, 2012 audited consolidated financial statements. These interim financial statements should be read in conjunction with the consolidated financial statements and notes included in our Annual Report on Form 10-K for the year ended December 31, 2012, filed by both Noble-Swiss and Noble-Cayman. The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year. | ||||
Certain amounts in prior periods have been reclassified to conform to the current year presentation. | ||||
Migration to the United Kingdom | ||||
In October 2013, our shareholders approved the previously announced proposed corporate reorganization transaction (the “Transaction”) of Noble-Swiss and the group of companies it controls. The Transaction will merge Noble-Swiss into a newly formed subsidiary incorporated under English law, Noble Corporation plc (“Noble-UK”), which will become our new holding company. The Transaction will effectively change the place of incorporation of our publicly traded parent company from Switzerland to the United Kingdom. Subject to the completion of certain closing requirements, the Transaction is expected to be completed in November 2013. | ||||
In the Transaction, all of the outstanding ordinary shares of Noble-Swiss will be cancelled, and Noble-UK will issue, through an exchange agent, one ordinary share of Noble-UK in exchange for each ordinary share of Noble-Swiss. Upon completion of the Transaction, Noble-UK will own and continue to conduct the same businesses through the Noble group as Noble-Swiss conducted prior to the Transaction, except that Noble-UK will be the parent company of the Noble group of companies. Noble-UK is expected to become subject to SEC reporting requirements and its ordinary shares have been approved for listing on the New York Stock Exchange under the symbol “NE”, subject to notice of issuance. | ||||
Proposed Spin-off Transaction | ||||
In September 2013, we announced that our Board of Directors approved a plan to reorganize our business by means of a separation and spin-off of a newly formed subsidiary whose assets and liabilities would consist of most of our standard specification drilling units and related assets, liabilities and business (the “Separation”), resulting in the creation of two separate offshore drilling companies. The drilling units to be owned and operated by the new company include five drillships, three semisubmersibles, 34 jackups, two submersibles and one FPSO, as well as the Hibernia platform operations offshore Canada. We will continue to own and operate our high-specification assets with particular operating focus in deepwater and ultra-deepwater markets for drillships and semisubmersibles and harsh environment and high-specification markets for jackups. The Separation is subject to several conditions, including final board approval and shareholder approval. |
Consolidated_Joint_Ventures
Consolidated Joint Ventures | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Business Combinations [Abstract] | ' | ||||||||||||||||
Consolidated Joint Ventures | ' | ||||||||||||||||
Note 2 — Consolidated Joint Ventures | |||||||||||||||||
We maintain a 50 percent interest in two joint ventures, each with a subsidiary of Royal Dutch Shell plc. (“Shell”), that own and operate the two Bully-class drillships. We have determined that we are the primary beneficiary for accounting purposes. Accordingly, we consolidate the entities in our consolidated financial statements after eliminating intercompany transactions. Shell’s equity interests are presented as noncontrolling interests on our Consolidated Balance Sheets. | |||||||||||||||||
In April 2011, the Bully joint venture partners entered into capital contribution agreements whereby capital calls up to a total of $360 million could be made for funds needed to complete the construction of the drillships. All contributions under these agreements have been made, with the final contribution made in the first quarter of 2012. | |||||||||||||||||
During the nine months ended September 30, 2013, the Bully joint venture partners approved and paid dividends totaling $139 million. | |||||||||||||||||
The combined carrying amount of the Bully-class drillships at both September 30, 2013 and December 31, 2012 totaled $1.4 billion. These assets were primarily funded through partner equity contributions. During 2012, these rigs commenced operations. Operational results for the three and nine months ended September 30, 2013 and 2012 are as follows: | |||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
Operating revenues | $ | 94,847 | $ | 78,447 | $ | 272,620 | $ | 162,892 | |||||||||
Net income | $ | 36,488 | $ | 28,679 | $ | 103,123 | $ | 52,152 |
Share_Data
Share Data | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||||||
Share Data | ' | ||||||||||||||||
Note 3 — Share Data | |||||||||||||||||
Share capital | |||||||||||||||||
The following table details Noble-Swiss’ share capital as of September 30, 2013 and December 31, 2012: | |||||||||||||||||
September 30, | December 31, | ||||||||||||||||
2013 | 2012 | ||||||||||||||||
Shares outstanding and trading | 253,388 | 252,759 | |||||||||||||||
Treasury shares | 777 | 589 | |||||||||||||||
Total shares outstanding | 254,165 | 253,348 | |||||||||||||||
Treasury shares held for share-based compensation plans | 11,985 | 12,802 | |||||||||||||||
Total shares authorized for issuance | 266,150 | 266,150 | |||||||||||||||
Par value per share (in Swiss Francs) | 3.15 | 3.15 | |||||||||||||||
Repurchased treasury shares are recorded at cost, and relate to shares surrendered by employees for taxes payable upon the vesting of restricted stock. | |||||||||||||||||
Our Board of Directors may increase Noble-Swiss’ share capital through the issuance of up to 133.1 million authorized shares without obtaining shareholder approval. The issuance of these authorized shares is subject to certain conditions regarding their use. | |||||||||||||||||
In April 2012, our shareholders approved the payment of a dividend aggregating $0.52 per share, which was paid in four equal installments, with the final payment having been made in May 2013. | |||||||||||||||||
In April 2013, our shareholders approved the payment of a dividend aggregating $1.00 per share to be paid in four equal installments, the first of which was paid in August 2013, with the remaining three installments currently scheduled for November 2013, February 2014 and May 2014, respectively. As of September 30, 2013, we had $192 million of dividends payable outstanding. Our Board of Directors has the authority to accelerate the payment of any installment, or portions thereof, at its sole discretion at any time prior to payment of the final installment. | |||||||||||||||||
Earnings per share | |||||||||||||||||
The following table sets forth the computation of basic and diluted earnings per share for Noble-Swiss: | |||||||||||||||||
Three months ended | Nine months ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
Allocation of net income | |||||||||||||||||
Basic | |||||||||||||||||
Net income attributable to Noble Corporation | $ | 281,957 | $ | 114,774 | $ | 608,637 | $ | 394,767 | |||||||||
Earnings allocated to unvested share-based payment awards | (3,393 | ) | (1,192 | ) | (7,191 | ) | (4,008 | ) | |||||||||
Net income to common shareholders—basic | $ | 278,564 | $ | 113,582 | $ | 601,446 | $ | 390,759 | |||||||||
Diluted | |||||||||||||||||
Net income attributable to Noble Corporation | $ | 281,957 | $ | 114,774 | $ | 608,637 | $ | 394,767 | |||||||||
Earnings allocated to unvested share-based payment awards | (3,390 | ) | (1,190 | ) | (7,184 | ) | (4,002 | ) | |||||||||
Net income to common shareholders—diluted | $ | 278,567 | $ | 113,584 | $ | 601,453 | $ | 390,765 | |||||||||
Weighted average shares outstanding—basic | 253,357 | 252,657 | 253,242 | 252,339 | |||||||||||||
Incremental shares issuable from assumed exercise of stock options | 261 | 317 | 265 | 385 | |||||||||||||
Weighted average shares outstanding—diluted | 253,618 | 252,974 | 253,507 | 252,724 | |||||||||||||
Weighted average unvested share-based payment awards | 3,086 | 2,651 | 3,028 | 2,588 | |||||||||||||
Earnings per share | |||||||||||||||||
Basic | $ | 1.1 | $ | 0.45 | $ | 2.37 | $ | 1.55 | |||||||||
Diluted | $ | 1.1 | $ | 0.45 | $ | 2.37 | $ | 1.55 | |||||||||
Only those items having a dilutive impact on our basic earnings per share are included in diluted earnings per share. For the three months ended September 30, 2013 and 2012, stock options representing approximately 0.9 million and 1.1 million shares, respectively, were excluded from the diluted earnings per share as they were not dilutive. |
Receivables_from_Customers
Receivables from Customers | 9 Months Ended |
Sep. 30, 2013 | |
Receivables [Abstract] | ' |
Receivables from Customers | ' |
Note 4 — Receivables from Customers | |
At September 30, 2013, we had receivables of approximately $14 million related to the Noble Max Smith, which are being disputed by our customer, Pemex Exploracion y Produccion (“Pemex”). These receivables have been classified as long-term and are included in “Other assets” on our Consolidated Balance Sheet. The disputed amounts relate to lost revenues for downtime that occurred after our rig was damaged when one of Pemex’s supply boats collided with our rig in 2010. In January 2012, we filed a lawsuit against Pemex in Mexican court seeking recovery of these amounts. While we can make no assurances as to the outcome of this dispute, we believe we are entitled to the disputed amounts. |
Property_and_Equipment
Property and Equipment | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Property Plant And Equipment [Abstract] | ' | ||||||||
Property and Equipment | ' | ||||||||
Note 5 — Property and Equipment | |||||||||
Property and equipment, at cost, as of September 30, 2013 and December 31, 2012 consisted of the following: | |||||||||
September 30, | December 31, | ||||||||
2013 | 2012 | ||||||||
Drilling equipment and facilities | $ | 15,835,848 | $ | 14,099,628 | |||||
Construction in progress | 2,569,052 | 2,677,385 | |||||||
Other | 202,031 | 194,653 | |||||||
Property and equipment, at cost | $ | 18,606,931 | $ | 16,971,666 | |||||
Capital expenditures, including capitalized interest, totaled $1.7 billion and $1.2 billion for the nine months ended September 30, 2013 and 2012, respectively. Interest is capitalized on construction-in-progress at the weighted average cost of debt outstanding during the period of construction. Capitalized interest was $31 million and $92 million for the three and nine months ended September 30, 2013, respectively, as compared to $31 million and $108 million for the three and nine months ended September 30, 2012. |
Loss_on_Impairment
Loss on Impairment | 9 Months Ended |
Sep. 30, 2013 | |
Goodwill And Intangible Assets Disclosure [Abstract] | ' |
Loss on Impairment | ' |
Note 6 — Loss on Impairment | |
During the second quarter of 2012, we determined that our submersible rig fleet, consisting of two cold stacked rigs, was partially impaired due to the declining market outlook for drilling services for this rig type. We estimated the fair value of the rigs based on the salvage value of the rigs and a recent transaction involving a similar unit owned by a peer company (Level 2 fair value measurement). Based on these estimates, we recognized a charge of approximately $13 million in 2012. Also, during the second quarter of 2012, we determined that certain corporate assets were partially impaired due to a declining market for, and the potential disposal of, the assets. We estimated the fair value of the assets based on a signed letter of intent to sell the assets (Level 2 fair value measurement). Based on these estimates, we recognized a charge of approximately $5 million in 2012. | |
During the third quarter of 2013, we recorded an additional impairment charge of approximately $4 million on our two cold stacked submersible rigs arising from the potential disposition of these assets to an unrelated third party. |
Gain_on_Disposal_of_Assets_net
Gain on Disposal of Assets, net | 9 Months Ended |
Sep. 30, 2013 | |
Text Block [Abstract] | ' |
Gain on Disposal of Assets, net | ' |
Note 7 — Gain on Disposal of Assets, net | |
During the third quarter of 2013, we completed the sale of the Noble Lewis Dugger for $61 million to an unrelated third party in Mexico. In connection with the sale, we recorded a pre-tax gain of approximately $36 million. |
Gain_on_Contract_SettlementsEx
Gain on Contract Settlements/Extinguishments, net | 9 Months Ended |
Sep. 30, 2013 | |
Contractors [Abstract] | ' |
Gain on Contract Settlements/Extinguishments, net | ' |
Note 8 – Gain on Contract Settlements/Extinguishments, net | |
During the third quarter of 2013, we received $45 million related to the settlement of all claims against the former shareholders of FDR Holdings, Ltd., which we acquired in July 2010, relating to alleged breaches of various representations and warranties contained in the purchase agreement. | |
During the second quarter of 2012, we received approximately $5 million from the settlement of a claim relating to the Noble David Tinsley, which had experienced a “punch-through” while being positioned on location in 2009. We had originally recorded a $17 million charge during 2009 related to this incident. Additionally, during the second quarter of 2012, we settled an action against certain vendors for damages sustained during Hurricane Ike. We recognized a net gain of approximately $28 million related to this settlement. We also resolved all outstanding matters with Anadarko Petroleum Company in the second quarter of 2012 related to the previously disclosed force majeure action, Hurricane Ike matters and receivables relating to the Noble Amos Runner. |
Debt
Debt | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Debt Disclosure [Abstract] | ' | ||||||||||||||||
Debt | ' | ||||||||||||||||
Note 9 — Debt | |||||||||||||||||
Total debt consisted of the following at September 30, 2013 and December 31, 2012: | |||||||||||||||||
September 30, | December 31, | ||||||||||||||||
2013 | 2012 | ||||||||||||||||
Senior unsecured notes: | |||||||||||||||||
5.875% Senior Notes due 2013 | $ | — | $ | 299,985 | |||||||||||||
7.375% Senior Notes due 2014 | 249,922 | 249,799 | |||||||||||||||
3.45% Senior Notes due 2015 | 350,000 | 350,000 | |||||||||||||||
3.05% Senior Notes due 2016 | 299,963 | 299,952 | |||||||||||||||
2.50% Senior Notes due 2017 | 299,877 | 299,852 | |||||||||||||||
7.50% Senior Notes due 2019 | 201,695 | 201,695 | |||||||||||||||
4.90% Senior Notes due 2020 | 498,991 | 498,900 | |||||||||||||||
4.625% Senior Notes due 2021 | 399,563 | 399,527 | |||||||||||||||
3.95% Senior Notes due 2022 | 399,157 | 399,095 | |||||||||||||||
6.20% Senior Notes due 2040 | 399,892 | 399,891 | |||||||||||||||
6.05% Senior Notes due 2041 | 397,638 | 397,613 | |||||||||||||||
5.25% Senior Notes due 2042 | 498,276 | 498,257 | |||||||||||||||
Total senior unsecured notes | 3,994,974 | 4,294,566 | |||||||||||||||
Commercial paper program | 1,312,864 | 339,809 | |||||||||||||||
Total long-term debt | $ | 5,307,838 | $ | 4,634,375 | |||||||||||||
Credit Facilities and Commercial Paper Program | |||||||||||||||||
We currently have three separate credit facilities with an aggregate maximum available capacity of $2.9 billion (together, the “Credit Facilities”), which includes a $600 million 364-day unsecured revolving credit agreement we entered into in August 2013. In addition, we have an $800 million credit facility maturing in 2015 and a $1.5 billion credit facility maturing in 2017. We also established a commercial paper program in September 2012, which allows us to issue up to $1.8 billion in unsecured commercial paper notes. Amounts issued under the commercial paper program are supported by our Credit Facilities and, therefore, are classified as long-term on our Consolidated Balance Sheet. Our total debt related to the Credit Facilities and commercial paper program was $1.3 billion at September 30, 2013 as compared to $340 million at December 31, 2012. At September 30, 2013, we had approximately $1.6 billion of available capacity under the Credit Facilities. | |||||||||||||||||
The Credit Facilities provide us with the ability to issue up to $375 million in letters of credit in the aggregate. The issuance of letters of credit does not increase our borrowings outstanding under the Credit Facilities, but it does reduce the amount available. At September 30, 2013, we had no letters of credit issued under the Credit Facilities. | |||||||||||||||||
Senior Unsecured Notes | |||||||||||||||||
In February 2012, we issued, through our indirect wholly-owned subsidiary, Noble Holding International Limited (“NHIL”), $1.2 billion aggregate principal amount of senior notes in three separate tranches, comprising $300 million of 2.50% Senior Notes due 2017, $400 million of 3.95% Senior Notes due 2022, and $500 million of 5.25% Senior Notes due 2042. The weighted average coupon of all three tranches is 4.13%. The net proceeds of approximately $1.19 billion, after expenses, were primarily used to repay the then outstanding balance on our Credit Facilities. | |||||||||||||||||
Our 5.875% Senior Notes matured during the second quarter of 2013. We used proceeds from our commercial paper program to repay the $300 million outstanding balance. | |||||||||||||||||
Covenants | |||||||||||||||||
The Credit Facilities are guaranteed by our indirect wholly-owned subsidiaries, NHIL and Noble Drilling Corporation (“NDC”). The covenants and events of default under the Credit Facilities are substantially similar, and each facility contains a covenant that limits our ratio of debt to total tangible capitalization, as defined in the Credit Facilities, to 0.60. At September 30, 2013, our ratio of debt to total tangible capitalization was approximately 0.37. We were in compliance with all covenants under the Credit Facilities as of September 30, 2013. | |||||||||||||||||
In addition to the covenants from the Credit Facilities noted above, the indentures governing our outstanding senior unsecured notes contain covenants that place restrictions on certain merger and consolidation transactions, unless we are the surviving entity or the other party assumes the obligations under the indenture, and on the ability to sell or transfer all or substantially all of our assets. In addition, there are restrictions on incurring or assuming certain liens and sale and lease-back transactions. At September 30, 2013, we were in compliance with all of our debt covenants. We continually monitor compliance with the covenants under our notes and, based on our expectations for 2013, expect to remain in compliance during the year. | |||||||||||||||||
Fair Value of Debt | |||||||||||||||||
Fair value represents the amount at which an instrument could be exchanged in a current transaction between willing parties. The estimated fair value of our senior notes was based on the quoted market prices for similar issues or on the current rates offered to us for debt of similar remaining maturities (Level 2 measurement). | |||||||||||||||||
The following table presents the estimated fair value of our long-term debt as of September 30, 2013 and December 31, 2012, respectively: | |||||||||||||||||
September 30, 2013 | December 31, 2012 | ||||||||||||||||
Carrying | Estimated | Carrying | Estimated | ||||||||||||||
Value | Fair Value | Value | Fair Value | ||||||||||||||
Senior unsecured notes: | |||||||||||||||||
5.875% Senior Notes due 2013 | $ | — | $ | — | $ | 299,985 | $ | 305,594 | |||||||||
7.375% Senior Notes due 2014 | 249,922 | 257,442 | 249,799 | 269,008 | |||||||||||||
3.45% Senior Notes due 2015 | 350,000 | 363,551 | 350,000 | 368,824 | |||||||||||||
3.05% Senior Notes due 2016 | 299,963 | 309,374 | 299,952 | 316,268 | |||||||||||||
2.50% Senior Notes due 2017 | 299,877 | 301,995 | 299,852 | 309,846 | |||||||||||||
7.50% Senior Notes due 2019 | 201,695 | 235,014 | 201,695 | 249,358 | |||||||||||||
4.90% Senior Notes due 2020 | 498,991 | 523,400 | 498,900 | 562,530 | |||||||||||||
4.625% Senior Notes due 2021 | 399,563 | 407,416 | 399,527 | 442,776 | |||||||||||||
3.95% Senior Notes due 2022 | 399,157 | 385,207 | 399,095 | 422,227 | |||||||||||||
6.20% Senior Notes due 2040 | 399,892 | 407,789 | 399,891 | 477,327 | |||||||||||||
6.05% Senior Notes due 2041 | 397,638 | 400,740 | 397,613 | 468,256 | |||||||||||||
5.25% Senior Notes due 2042 | 498,276 | 451,050 | 498,257 | 533,422 | |||||||||||||
Total senior unsecured notes | 3,994,974 | 4,042,978 | 4,294,566 | 4,725,436 | |||||||||||||
Commercial paper program | 1,312,864 | 1,312,864 | 339,809 | 339,809 | |||||||||||||
Total long-term debt | $ | 5,307,838 | $ | 5,355,842 | $ | 4,634,375 | $ | 5,065,245 | |||||||||
Income_Taxes
Income Taxes | 9 Months Ended |
Sep. 30, 2013 | |
Income Tax Disclosure [Abstract] | ' |
Income Taxes | ' |
Note 10 — Income Taxes | |
At December 31, 2012, the reserves for uncertain tax positions totaled $125 million (net of related tax benefits of $10 million). At September 30, 2013, the reserves for uncertain tax positions totaled $138 million (net of related tax benefits of $2 million), and if not utilized, would reduce the provision for income taxes by $138 million. | |
It is possible that our existing liabilities related to our reserves for uncertain tax positions may change in the next 12 months primarily due to the completion of open audits or the expiration of statutes of limitation. However, we cannot reasonably estimate a range of changes in our existing liabilities due to various uncertainties, such as the unresolved nature of various audits. |
Employee_Benefit_Plans
Employee Benefit Plans | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Compensation And Retirement Disclosure [Abstract] | ' | ||||||||||||||||
Employee Benefit Plans | ' | ||||||||||||||||
Note 11 — Employee Benefit Plans | |||||||||||||||||
Pension costs include the following components: | |||||||||||||||||
Three Months Ended September 30, | |||||||||||||||||
2013 | 2012 | ||||||||||||||||
Non-U.S. | U.S. | Non-U.S. | U.S. | ||||||||||||||
Service cost | $ | 1,361 | $ | 2,681 | $ | 1,072 | $ | 2,431 | |||||||||
Interest cost | 1,259 | 2,263 | 1,317 | 2,196 | |||||||||||||
Return on plan assets | (1,443 | ) | (3,275 | ) | (1,313 | ) | (2,793 | ) | |||||||||
Amortization of prior service cost | — | 57 | — | 57 | |||||||||||||
Recognized net actuarial loss | 426 | 1,910 | 199 | 1,885 | |||||||||||||
Net pension expense | $ | 1,603 | $ | 3,636 | $ | 1,275 | $ | 3,776 | |||||||||
Nine Months Ended September 30, | |||||||||||||||||
2013 | 2012 | ||||||||||||||||
Non-U.S. | U.S. | Non-U.S. | U.S. | ||||||||||||||
Service cost | $ | 4,089 | $ | 8,043 | $ | 3,306 | $ | 7,237 | |||||||||
Interest cost | 3,793 | 6,787 | 4,025 | 6,556 | |||||||||||||
Return on plan assets | (4,351 | ) | (9,827 | ) | (4,001 | ) | (8,379 | ) | |||||||||
Amortization of prior service cost | — | 171 | — | 171 | |||||||||||||
Recognized net actuarial loss | 1,226 | 5,730 | 600 | 5,563 | |||||||||||||
Net pension expense | $ | 4,757 | $ | 10,904 | $ | 3,930 | $ | 11,148 | |||||||||
During the three and nine months ended September 30, 2013, we made contributions to our pension plans totaling $5 million and $13 million, respectively. |
Derivative_Instruments_and_Hed
Derivative Instruments and Hedging Activities | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||
Derivative Instruments And Hedging Activities Disclosure [Abstract] | ' | ||||||||||||||||||||||||
Derivative Instruments and Hedging Activities | ' | ||||||||||||||||||||||||
Note 12 — Derivative Instruments and Hedging Activities | |||||||||||||||||||||||||
We periodically enter into derivative instruments to manage our exposure to fluctuations in interest rates and foreign currency exchange rates. We have documented policies and procedures to monitor and control the use of derivative instruments. We do not engage in derivative transactions for speculative or trading purposes, nor are we a party to leveraged derivatives. | |||||||||||||||||||||||||
For foreign currency forward contracts, hedge effectiveness is evaluated at inception based on the matching of critical terms between derivative contracts and the hedged item. Any change in fair value resulting from ineffectiveness is recognized immediately in earnings. | |||||||||||||||||||||||||
Cash Flow Hedges | |||||||||||||||||||||||||
Our North Sea and Brazil operations have a significant amount of their cash operating expenses payable in local currencies. To limit the potential risk of currency fluctuations, we periodically enter into forward contracts, all of which have a maturity of less than 12 months. The forward contracts maturing during the remainder of 2013 represent approximately 59 percent of these forecasted local currency requirements. The notional amount of the forward contracts outstanding, expressed in U.S. Dollars, was approximately $42 million at September 30, 2013. Total unrealized gain related to these forward contracts was approximately $0.6 million as of September 30, 2013 and was recorded as part of “Accumulated other comprehensive loss” (“AOCL”). | |||||||||||||||||||||||||
The balance of the net unrealized gain related to our cash flow hedges included in AOCL and related activity is as follows: | |||||||||||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||||||||||
September 30, | September 30, | ||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||||||||||
Net unrealized loss at beginning of period | $ | (4,731 | ) | $ | — | $ | — | $ | (3,061 | ) | |||||||||||||||
Activity during period: | |||||||||||||||||||||||||
Settlement of foreign currency forward contracts during the period | 2,849 | — | — | 3,061 | |||||||||||||||||||||
Net unrealized gain on outstanding foreign currency forward contracts | 2,471 | — | 589 | — | |||||||||||||||||||||
Net unrealized gain at end of period | $ | 589 | $ | — | $ | 589 | $ | — | |||||||||||||||||
Financial Statement Presentation | |||||||||||||||||||||||||
The following tables, together with Note 13, summarize the financial statement presentation and fair value of our derivative positions as of September 30, 2013 and December 31, 2012: | |||||||||||||||||||||||||
Estimated fair value | |||||||||||||||||||||||||
Balance sheet classification | September 30, | December 31, | |||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||
Asset derivatives | |||||||||||||||||||||||||
Cash flow hedges | |||||||||||||||||||||||||
Short-term foreign currency forward contracts | Other current assets | $ | 1,927 | $ | — | ||||||||||||||||||||
Liability derivatives | |||||||||||||||||||||||||
Cash flow hedges | |||||||||||||||||||||||||
Short-term foreign currency forward contracts | Other current liabilities | $ | 1,338 | $ | — | ||||||||||||||||||||
To supplement the fair value disclosures in Note 13, the following summarizes the recognized gains and losses of cash flow hedges through AOCL or through “other income” for the three months ended September 30, 2013 and 2012: | |||||||||||||||||||||||||
Gain/(loss) recognized | Gain/(loss) reclassified | Gain/(loss) recognized | |||||||||||||||||||||||
through AOCL | from AOCL to | through “other | |||||||||||||||||||||||
“other income” | income” | ||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | 2013 | 2012 | ||||||||||||||||||||
Cash flow hedges | |||||||||||||||||||||||||
Foreign currency forward contracts | $ | 2,471 | $ | — | $ | 2,849 | $ | — | $ | — | $ | — | |||||||||||||
To supplement the fair value disclosures in Note 13, the following summarizes the recognized gains and losses of cash flow hedges through AOCL or through “other income” for the nine months ended September 30, 2013 and 2012: | |||||||||||||||||||||||||
Gain/(loss) recognized | Gain/(loss) reclassified | Gain/(loss) recognized | |||||||||||||||||||||||
through AOCL | from AOCL to | through “other | |||||||||||||||||||||||
“other income” | income” | ||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | 2013 | 2012 | ||||||||||||||||||||
Cash flow hedges | |||||||||||||||||||||||||
Foreign currency forward contracts | $ | (2,525 | ) | $ | — | $ | 3,114 | $ | 3,061 | $ | — | $ | — |
Fair_Value_of_Financial_Instru
Fair Value of Financial Instruments | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||
Fair Value of Financial Instruments | ' | ||||||||||||||||
Note 13 — Fair Value of Financial Instruments | |||||||||||||||||
The following table presents the carrying amount and estimated fair value of our financial instruments recognized at fair value on a recurring basis: | |||||||||||||||||
September 30, 2013 | |||||||||||||||||
Estimated Fair Value Measurements | |||||||||||||||||
Quoted | Significant | ||||||||||||||||
Prices in | Other | Significant | |||||||||||||||
Active | Observable | Unobservable | |||||||||||||||
Carrying | Markets | Inputs | Inputs | ||||||||||||||
Amount | (Level 1) | (Level 2) | (Level 3) | ||||||||||||||
Assets— | |||||||||||||||||
Marketable securities | $ | 7,072 | $ | 7,072 | $ | — | $ | — | |||||||||
Foreign currency forward contracts | 1,927 | — | 1,927 | — | |||||||||||||
Liabilities— | |||||||||||||||||
Foreign currency forward contracts | $ | 1,338 | $ | — | $ | 1,338 | $ | — | |||||||||
December 31, 2012 | |||||||||||||||||
Estimated Fair Value Measurements | |||||||||||||||||
Quoted | Significant | ||||||||||||||||
Prices in | Other | Significant | |||||||||||||||
Active | Observable | Unobservable | |||||||||||||||
Carrying | Markets | Inputs | Inputs | ||||||||||||||
Amount | (Level 1) | (Level 2) | (Level 3) | ||||||||||||||
Assets— | |||||||||||||||||
Marketable securities | $ | 5,816 | $ | 5,816 | $ | — | $ | — | |||||||||
The foreign currency instruments have been valued using actively quoted prices and quotes obtained from the counterparties to the derivative instruments. Our cash and cash equivalents, accounts receivable and accounts payable are by their nature short-term. As a result, the carrying values included in the accompanying Consolidated Balance Sheets approximate fair value. |
Accumulated_Other_Comprehensiv
Accumulated Other Comprehensive Loss | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Text Block [Abstract] | ' | ||||||||||||||||
Accumulated Other Comprehensive Loss | ' | ||||||||||||||||
Note 14 — Accumulated Other Comprehensive Loss | |||||||||||||||||
The following tables set forth the changes in AOCL by component for the three and nine months ended September 30, 2013. All amounts within the tables are shown net of tax. | |||||||||||||||||
Three months ended September 30, 2013 | |||||||||||||||||
Gain / (Loss) | Defined | ||||||||||||||||
on | Benefit | Foreign | |||||||||||||||
Cash Flow | Pension | Currency | |||||||||||||||
Hedges(1) | Items(2) | Items | Total | ||||||||||||||
Balance at beginning of period | $ | (4,731 | ) | $ | (91,797 | ) | $ | (19,901 | ) | $ | (116,429 | ) | |||||
Activity during period: | |||||||||||||||||
Other comprehensive income/(loss) before reclassifications | 2,471 | — | (1,135 | ) | 1,336 | ||||||||||||
Amounts reclassified from AOCL | 2,849 | 1,661 | — | 4,510 | |||||||||||||
Net current period other comprehensive income/(loss) | 5,320 | 1,661 | (1,135 | ) | 5,846 | ||||||||||||
Balance at end of period | $ | 589 | $ | (90,136 | ) | $ | (21,036 | ) | $ | (110,583 | ) | ||||||
Nine months ended September 30, 2013 | |||||||||||||||||
Defined | |||||||||||||||||
Gain on | Benefit | Foreign | |||||||||||||||
Cash Flow | Pension | Currency | |||||||||||||||
Hedges(1) | Items(2) | Items | Total | ||||||||||||||
Balance at beginning of period | $ | — | $ | (95,071 | ) | $ | (20,378 | ) | $ | (115,449 | ) | ||||||
Activity during period: | |||||||||||||||||
Other comprehensive income/(loss) before reclassifications | 589 | — | (658 | ) | (69 | ) | |||||||||||
Amounts reclassified from AOCL | — | 4,935 | — | 4,935 | |||||||||||||
Net current period other comprehensive income/(loss) | 589 | 4,935 | (658 | ) | 4,866 | ||||||||||||
Balance at end of period | $ | 589 | $ | (90,136 | ) | $ | (21,036 | ) | $ | (110,583 | ) | ||||||
-1 | Gain / (loss) on cash flow hedges are related to our foreign currency forward contracts. Reclassifications from AOCL are recognized through “other income” on our Consolidated Statement of Income. See Note 12 for additional information. | ||||||||||||||||
-2 | Defined benefit pension items relate to actuarial losses and the amortization of prior service costs. Reclassifications from AOCL are recognized as expense on our Consolidated Statement of Income through either “contract drilling services” or “general and administrative”. See Note 11 for additional information |
Commitments_and_Contingencies
Commitments and Contingencies | 9 Months Ended |
Sep. 30, 2013 | |
Commitments And Contingencies Disclosure [Abstract] | ' |
Commitments and Contingencies | ' |
Note 15 — Commitments and Contingencies | |
The Noble Homer Ferrington was under contract with a subsidiary of ExxonMobil Corporation (“ExxonMobil”), which entered into an assignment agreement with BP for a two-well farmout of the rig in Libya after successfully drilling two wells with the rig for ExxonMobil. In August 2010, BP attempted to terminate the assignment agreement claiming that the rig was not in the required condition, and ExxonMobil informed us that we must look to BP for payment of the dayrate during the assignment period. In August 2010, we initiated arbitration proceedings under the drilling contract against both BP and ExxonMobil. We do not believe BP had the right to terminate the assignment agreement and believe the rig was ready to operate under the drilling contract. The rig operated under farmout arrangements from March 2011 to the conclusion of the contract in the second quarter of 2012. We believe we are owed dayrate by either or both of these clients. The operating dayrate was approximately $538,000 per day for the work in Libya. The arbitration process is proceeding, and we intend to vigorously pursue these claims. As a result of the uncertainties noted above, we have not recognized any revenue during the assignment period. | |
In August 2007, we entered into a drilling contract with Marathon Oil Company (“Marathon”) for the Noble Jim Day to operate in the U.S. Gulf of Mexico. On January 1, 2011, Marathon provided notice that it was terminating the contract. Marathon’s stated reason for the termination was that the rig had not been accepted by Marathon by December 31, 2010, and Marathon also maintained that a force majeure condition existed under the contract. The contract contained a provision allowing Marathon to terminate if the rig had not commenced operations by December 31, 2010. We believe the rig was ready to commence operations and should have been accepted by Marathon. The contract term was for four years. No revenue has been recognized under this contract. We have contracted the rig for much of the original term with other customers. In March 2011, we filed suit in Texas State District Court against Marathon seeking damages for its actions. We are in advanced settlement discussions with Marathon and have postponed the trial date. We cannot predict the outcome of this lawsuit, including any settlement discussions. | |
In November 2012, the U.S. Coast Guard in Alaska conducted an inspection of our drillship, the Noble Discoverer, and cited a number of deficiencies to be remediated, including issues relating to the main propulsion and safety management systems. We initiated a comprehensive effort to address the deficiencies identified by the Coast Guard and commenced an ongoing dialogue with the agency to keep it apprised of our progress. We began an internal investigation in conjunction with the Coast Guard inspection, and the Coast Guard then began its own investigation. We reported certain potential violations of applicable law to the Coast Guard identified as a result of our internal investigation. These related to what we believe were certain unauthorized disposals of collected deck and sea water from the Noble Discoverer, collected, treated deck water from the Kulluk and potential record-keeping issues with the oil record books for the Noble Discoverer, Kulluk and other rigs, and with the garbage log for the Kulluk. The Coast Guard referred the Noble Discoverer and Kulluk matters to the U.S. Department of Justice (“DOJ”) for further investigation. We are cooperating with the DOJ and Coast Guard in connection with their investigation, and are maintaining a dialogue with the DOJ. We cannot predict when the DOJ and Coast Guard will conclude the investigation and cannot provide any assurances with respect to the outcome. If the DOJ or Coast Guard determines that violations of applicable law have occurred, they could seek civil and criminal sanctions, including monetary penalties and operational sanctions, against us and/or certain of our employees, as well as oversight of our operational compliance programs. Based on information obtained to date, we believe it is probable that we will have to pay some amount in fines and penalties to resolve this matter. However, at this time we cannot appropriately estimate the potential liability that may result and we have not made any accrual in our consolidated financial statements at September 30, 2013 related to the matter. | |
We are from time to time a party to various lawsuits that are incidental to our operations in which the claimants seek an unspecified amount of monetary damages for personal injury, including injuries purportedly resulting from exposure to asbestos on drilling rigs and associated facilities. At September 30, 2013, there were 33 asbestos related lawsuits in which we are one of many defendants. These lawsuits have been filed in the United States in the states of Louisiana, Mississippi and Texas. We intend to vigorously defend against the litigation. We do not believe the ultimate resolution of these matters will have a material adverse effect on our financial position, results of operations or cash flows. | |
We are a defendant in certain claims and litigation arising out of operations in the ordinary course of business, including certain disputes with customers over receivables discussed in Note 4, the resolution of which, in the opinion of management, will not be material to our financial position, results of operations or cash flows. There is inherent risk in any litigation or dispute and no assurance can be given as to the outcome of these claims. | |
We operate in a number of countries throughout the world and our tax returns filed in those jurisdictions are subject to review and examination by tax authorities within those jurisdictions. The U.S. Internal Revenue Service (“IRS”) has completed its examination of our tax reporting for the taxable year ended December 31, 2008. In June 2013, the IRS examination team notified us that they were no longer proposing any adjustments with respect to our tax reporting for the taxable year ended December 31, 2008. We are due a refund for the 2008 tax year, and our refund claim is currently under review. The IRS began its examination of our tax reporting for the taxable year ended December 31, 2009. We believe that we have accurately reported all amounts in our 2009 tax returns. Furthermore, we are currently contesting several non-U.S. tax assessments and may contest future assessments. We believe the ultimate resolution of the outstanding assessments, for which we have not made any accrual, will not have a material adverse effect on our consolidated financial statements. We recognize uncertain tax positions that we believe have a greater than 50 percent likelihood of being sustained. We cannot predict or provide assurance as to the ultimate outcome of any existing or future assessments. | |
During the second quarter of 2013, we reached an agreement with the Mexican tax authorities resolving certain previously disclosed tax assessments. This settlement removes potential contingent tax exposure of $502 million in Mexico for periods prior to 2007, which includes the assessments for years 2002 through 2005 of approximately $348 million, as well as settlement for 2006. The settlement of these assessments did not have a material impact on our consolidated financial statements. | |
Audit claims of approximately $300 million attributable to income, customs and other business taxes have been assessed against us. We have contested, or intend to contest, these assessments, including through litigation if necessary, and we believe the ultimate resolution, for which we have not made any accrual, will not have a material adverse effect on our consolidated financial statements. Tax authorities may issue additional assessments or pursue legal actions as a result of tax audits and we cannot predict or provide assurance as to the ultimate outcome of such assessments and legal actions. | |
We maintain certain insurance coverage against specified marine perils, which includes physical damage and loss of hire. Damage caused by hurricanes has negatively impacted the energy insurance market, resulting in more restrictive and expensive coverage for U.S. named windstorm perils. Accordingly, we have elected to significantly reduce the named windstorm insurance on our rigs operating in the U.S. Gulf of Mexico. Presently, we insure the Noble Jim Thompson, Noble Amos Runner and Noble Driller for “total loss only” when caused by a named windstorm. For the Noble Bully I, our customer assumes the risk of loss due to a named windstorm event, pursuant to the terms of the drilling contract, through the purchase of insurance coverage (provided that we are responsible for any deductible under such policy) or, at its option, the assumption of the risk of loss up to the insured value in lieu of the purchase of such insurance. The remaining rigs in the U.S. Gulf of Mexico are self-insured for named windstorm perils. Our remaining rigs, including those in the Mexico portion of the Gulf of Mexico, continue to be covered by commercial insurance for windstorm damage. In addition, we maintain physical damage deductibles on our rigs ranging from $15 million to $25 million per occurrence, depending on location. The loss of hire coverage applies only to our rigs operating under contract with a dayrate equal to or greater than $200,000 a day and is subject to a 45-day waiting period for each unit and each occurrence. | |
Although we maintain insurance in the geographic areas in which we operate, pollution, reservoir damage and environmental risks generally are not fully insurable. Our insurance policies and contractual rights to indemnity may not adequately cover our losses or may have exclusions of coverage for some losses. We do not have insurance coverage or rights to indemnity for all risks, including loss of hire insurance on most of the rigs in our fleet. Uninsured exposures may include expatriate activities prohibited by U.S. laws and regulations, radiation hazards, certain loss or damage to property on board our rigs and losses relating to shore-based terrorist acts or strikes. If a significant accident or other event occurs and is not fully covered by insurance or contractual indemnity, it could materially adversely affect our financial position, results of operations or cash flows. Additionally, there can be no assurance that those parties with contractual obligations to indemnify us will necessarily be financially able to indemnify us against all these risks. | |
We carry protection and indemnity insurance covering marine third party liability exposures, which also includes coverage for employer’s liability resulting from personal injury to our offshore drilling crews. Our protection and indemnity policy currently has a standard deductible of $10 million per occurrence, with maximum liability coverage of $750 million. | |
In connection with our capital expenditure program, we had outstanding commitments, including shipyard and purchase commitments of approximately $2.6 billion at September 30, 2013. | |
We have entered into agreements with certain of our executive officers, as well as certain other employees. These agreements become effective upon a change of control of Noble-Swiss (within the meaning set forth in the agreements) or a termination of employment in connection with or in anticipation of a change of control, and remain effective for three years thereafter. These agreements provide for compensation and certain other benefits under such circumstances. | |
Nigerian Operations | |
During the fourth quarter of 2007, our Nigerian subsidiary received letters from the Nigerian Maritime Administration and Safety Agency (“NIMASA”) seeking to collect a 2 percent surcharge on contract amounts under contracts performed by “vessels,” within the meaning of Nigeria’s cabotage laws, engaged in the Nigerian coastal shipping trade. Although we do not believe that these laws apply to our ownership of drilling units, NIMASA is seeking to apply a provision of the Nigerian cabotage laws (which became effective on May 1, 2004) to our offshore drilling units by considering these units to be “vessels” within the meaning of those laws and therefore subject to the surcharge, which is imposed only upon “vessels.” Our offshore drilling units are not engaged in the Nigerian coastal shipping trade and are not in our view “vessels” within the meaning of Nigeria’s cabotage laws. In January 2008, we filed an originating summons against NIMASA and the Minister of Transportation in the Federal High Court of Lagos, Nigeria seeking, among other things, a declaration that our drilling operations do not constitute “coastal trade” or “cabotage” within the meaning of Nigeria’s cabotage laws and that our offshore drilling units are not “vessels” within the meaning of those laws. In February 2009, NIMASA filed suit against us in the Federal High Court of Nigeria seeking collection of the cabotage surcharge. In August 2009, the court issued a favorable ruling in response to our originating summons stating that drilling operations do not fall within the cabotage laws and that drilling rigs are not vessels for purposes of those laws. The court also issued an injunction against the defendants prohibiting their interference with our drilling rigs or drilling operations. NIMASA has appealed the court’s ruling, although the court dismissed NIMASA’s lawsuit filed against us in February 2009. We intend to take all further appropriate legal action to resist the application of Nigeria’s cabotage laws to our drilling units. The outcome of any such legal action and the extent to which we may ultimately be responsible for the surcharge is uncertain. If it is ultimately determined that offshore drilling units constitute vessels within the meaning of the Nigerian cabotage laws, we may be required to pay the surcharge and comply with other aspects of the Nigerian cabotage laws, which could adversely affect our operations in Nigerian waters and require us to incur additional costs of compliance. | |
NIMASA had previously informed the Nigerian Content Division of its position that we were not in compliance with the cabotage laws. The Nigerian Content Division makes determinations of companies’ compliance with applicable local content regulations for purposes of government contracting, including contracting for services in connection with oil and gas concessions where the Nigerian national oil company is a partner. The Nigerian Content Division had previously barred us from participating in new tenders as a result of NIMASA’s allegations, although the Division reversed its actions based on the favorable Federal High Court ruling. However, no assurance can be given with respect to our ability to bid for future work in Nigeria until our dispute with NIMASA is resolved. | |
Under the Nigerian Industrial Training Fund Act of 2004, as amended (the “Act”), Nigerian companies with five or more employees must contribute annually 1 percent of their payroll to the Industrial Training Fund (“ITF”) established under the Act to be used for the training of Nigerian nationals with a view towards generating a pool of indigenously trained manpower. We have not paid this amount on our expatriate workers employed by our non-Nigerian employment entity in the past as we did not believe the contribution obligation was applicable to them. In October 2012, we received a demand from the ITF for payments going back to 2004 and associated penalties in respect of these expatriate employees. In February 2013, the ITF filed suit seeking payment of these amounts. We do not believe that we owe the amount claimed. We are in discussions with the ITF to resolve the issue and do not believe the resolution of this matter will have a material adverse effect on our financial position or cash flows. |
Segment_and_Related_Informatio
Segment and Related Information | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||
Segment Reporting [Abstract] | ' | ||||||||||||||||||||||||
Segment and Related Information | ' | ||||||||||||||||||||||||
Note 16 — Segment and Related Information | |||||||||||||||||||||||||
We report our contract drilling operations as a single reportable segment, Contract Drilling Services, which reflects how we manage our business, and the fact that all of our drilling fleet is dependent upon the worldwide oil industry. The mobile offshore drilling units comprising our offshore rig fleet operate in a single, global market for contract drilling services and are often redeployed globally due to changing demands of our customers, which consist largely of major non-U.S. and government owned/controlled oil and gas companies throughout the world. Our contract drilling services segment conducts contract drilling operations in the United States, Mexico, Brazil, the North Sea, the Mediterranean, West Africa, the Middle East, India, Asia and Australia. | |||||||||||||||||||||||||
We evaluate the performance of our operating segment based on revenues from external customers and segment profit. Summarized financial information of our reportable segment for the three and nine months ended September 30, 2013 and 2012 is shown in the following table. The “Other” column includes results of labor contract drilling services in Canada and Alaska, as well as corporate related items. The consolidated financial statements of Noble-Swiss include the accounts of Noble-Cayman, and Noble-Swiss conducts substantially all of its business through Noble-Cayman and its subsidiaries. As a result, the summarized financial information for Noble-Cayman is substantially the same as Noble-Swiss. | |||||||||||||||||||||||||
Three Months Ended September 30, | |||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||
Contract | Contract | ||||||||||||||||||||||||
Drilling | Drilling | ||||||||||||||||||||||||
Services | Other | Total | Services | Other | Total | ||||||||||||||||||||
Revenues from external customers | $ | 1,069,986 | $ | 8,895 | $ | 1,078,881 | $ | 860,315 | $ | 23,717 | $ | 884,032 | |||||||||||||
Depreciation and amortization | 219,695 | 4,016 | 223,711 | 191,638 | 3,449 | 195,087 | |||||||||||||||||||
Segment operating income/(loss) | 382,475 | (4,094 | ) | 378,381 | 173,285 | 5,639 | 178,924 | ||||||||||||||||||
Interest expense, net of amount capitalized | (317 | ) | (22,832 | ) | (23,149 | ) | (121 | ) | (25,514 | ) | (25,635 | ) | |||||||||||||
Income tax (provision)/benefit | (59,854 | ) | 4,024 | (55,830 | ) | (28,307 | ) | 3,145 | (25,162 | ) | |||||||||||||||
Segment profit/(loss) | 303,617 | (21,660 | ) | 281,957 | 130,983 | (16,209 | ) | 114,774 | |||||||||||||||||
Total assets (at end of period) | 15,058,076 | 671,255 | 15,729,331 | 13,983,223 | 477,183 | 14,460,406 | |||||||||||||||||||
Nine Months Ended September 30, | |||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||
Contract | Contract | ||||||||||||||||||||||||
Drilling | Drilling | ||||||||||||||||||||||||
Services | Other | Total | Services | Other | Total | ||||||||||||||||||||
Revenues from external customers | $ | 3,022,966 | $ | 44,275 | $ | 3,067,241 | $ | 2,519,930 | $ | 60,715 | $ | 2,580,645 | |||||||||||||
Depreciation and amortization | 631,396 | 11,060 | 642,456 | 539,698 | 10,081 | 549,779 | |||||||||||||||||||
Segment operating income | 861,219 | 813 | 862,032 | 559,713 | 7,349 | 567,062 | |||||||||||||||||||
Interest expense, net of amount capitalized | (539 | ) | (74,576 | ) | (75,115 | ) | (315 | ) | (56,468 | ) | (56,783 | ) | |||||||||||||
Income tax (provision)/benefit | (138,695 | ) | 11,689 | (127,006 | ) | (102,005 | ) | 8,898 | (93,107 | ) | |||||||||||||||
Segment profit/(loss) | 669,107 | (60,470 | ) | 608,637 | 434,561 | (39,794 | ) | 394,767 | |||||||||||||||||
Total assets (at end of period) | 15,058,076 | 671,255 | 15,729,331 | 13,983,223 | 477,183 | 14,460,406 |
Accounting_Pronouncements
Accounting Pronouncements | 9 Months Ended |
Sep. 30, 2013 | |
Accounting Changes And Error Corrections [Abstract] | ' |
Accounting Pronouncements | ' |
Note 17 — Accounting Pronouncements | |
In February 2013, the FASB issued Accounting Standards Update (“ASU”) No. 2013-02, which amends FASB Accounting Standards Codification (“ASC”) Topic 220, “Comprehensive Income.” This amended guidance requires additional information about reclassification adjustments out of comprehensive income, including changes in comprehensive income balances by component and significant items reclassified out of comprehensive income. This guidance is effective for reporting periods beginning after December 15, 2012. The adoption of this guidance did not have a material impact on our financial condition, results of operations, cash flows or financial disclosures. | |
In March 2013, the FASB issued ASU No. 2013-05, which amends ASC Topic 830, “Foreign Currency Matters.” This ASU provides guidance on foreign currency translation adjustments when a parent entity ceases to have a controlling interest on a previously consolidated subsidiary or group of assets. The guidance is effective for fiscal years beginning on or after December 15, 2013. We are still evaluating what impact, if any, the adoption of this guidance will have on our financial condition, results of operations, cash flows or financial disclosures. | |
In July 2013, the FASB issued ASU No. 2013-11, which amends ASC Topic 740, “Taxes.” This ASU provides guidance on the presentation of tax benefits when a net operating loss carryforward or other tax credit carryforward exists. The guidance is effective for fiscal years beginning on or after December 15, 2013. We are still evaluating what impact, if any, the adoption of this guidance will have on our financial condition, results of operations, cash flows or financial disclosures. |
Net_Change_in_Other_Assets_and
Net Change in Other Assets and Liabilities | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Supplemental Cash Flow Elements [Abstract] | ' | ||||||||||||||||
Net Change in Other Assets and Liabilities | ' | ||||||||||||||||
Note 18 — Net Change in Other Assets and Liabilities | |||||||||||||||||
The net effect of changes in other assets and liabilities on cash flows from operating activities is as follows: | |||||||||||||||||
Noble-Swiss | Noble-Cayman | ||||||||||||||||
Nine months ended | Nine months ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
Accounts receivable | $ | (92,073 | ) | $ | (163,051 | ) | $ | (92,073 | ) | $ | (163,051 | ) | |||||
Other current assets | (50,738 | ) | (58,303 | ) | (49,791 | ) | (59,764 | ) | |||||||||
Other assets | (8,129 | ) | (25,543 | ) | (8,133 | ) | (25,546 | ) | |||||||||
Accounts payable | 9,357 | 29,470 | 7,830 | 29,353 | |||||||||||||
Other current liabilities | 4,042 | 76,035 | 4,702 | 79,436 | |||||||||||||
Other liabilities | 35,231 | 70,382 | 35,227 | 64,215 | |||||||||||||
$ | (102,310 | ) | $ | (71,010 | ) | $ | (102,238 | ) | $ | (75,357 | ) | ||||||
Guarantees_of_Registered_Secur
Guarantees of Registered Securities | 9 Months Ended | ||||||||||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||||||||||
Organization Consolidation And Presentation Of Financial Statements [Abstract] | ' | ||||||||||||||||||||||||||||||||
Guarantees of Registered Securities | ' | ||||||||||||||||||||||||||||||||
Note 19 — Guarantees of Registered Securities | |||||||||||||||||||||||||||||||||
Guarantees of Registered Securities | |||||||||||||||||||||||||||||||||
Noble-Cayman, or one or more subsidiaries of Noble-Cayman, are a co-issuer or guarantor or otherwise obligated as of September 30, 2013 as follows: | |||||||||||||||||||||||||||||||||
Issuer | |||||||||||||||||||||||||||||||||
Notes | (Co-Issuer(s)) | Guarantor(s) | |||||||||||||||||||||||||||||||
$250 million 7.375% Senior Notes due 2014 | NHIL | Noble-Cayman | |||||||||||||||||||||||||||||||
$350 million 3.45% Senior Notes due 2015 | NHIL | Noble-Cayman | |||||||||||||||||||||||||||||||
$300 million 3.05% Senior Notes due 2016 | NHIL | Noble-Cayman | |||||||||||||||||||||||||||||||
$300 million 2.50% Senior Notes due 2017 | NHIL | Noble-Cayman | |||||||||||||||||||||||||||||||
$202 million 7.50% Senior Notes due 2019 | NDC; | Noble-Cayman; | |||||||||||||||||||||||||||||||
Noble Drilling | Noble Holding (U.S.) | ||||||||||||||||||||||||||||||||
Services 6 LLC (“NDS6”) | Corporation (“NHC”); | ||||||||||||||||||||||||||||||||
Noble Drilling | |||||||||||||||||||||||||||||||||
Holding LLC (“NDH”) | |||||||||||||||||||||||||||||||||
$500 million 4.90% Senior Notes due 2020 | NHIL | Noble-Cayman | |||||||||||||||||||||||||||||||
$400 million 4.625% Senior Notes due 2021 | NHIL | Noble-Cayman | |||||||||||||||||||||||||||||||
$400 million 3.95% Senior Notes due 2022 | NHIL | Noble-Cayman | |||||||||||||||||||||||||||||||
$400 million 6.20% Senior Notes due 2040 | NHIL | Noble-Cayman | |||||||||||||||||||||||||||||||
$400 million 6.05% Senior Notes due 2041 | NHIL | Noble-Cayman | |||||||||||||||||||||||||||||||
$500 million 5.25% Senior Notes due 2042 | NHIL | Noble-Cayman | |||||||||||||||||||||||||||||||
The following consolidating financial statements of Noble-Cayman, NHC and NDH combined, NDC, NHIL, NDS6 and all other subsidiaries present investments in both consolidated and unconsolidated affiliates using the equity method of accounting. | |||||||||||||||||||||||||||||||||
Revision | |||||||||||||||||||||||||||||||||
As part of our worldwide asset consolidation completed in 2009, NDC received a limited partnership interest in one of our Other Non-Guarantor Subsidiaries of Noble. This limited partnership interest has historically been included as a component of Total Shareholder Equity and income attributable to this limited partnership interest has been included in Net Income Attributable to Noble Corporation in the Other Non-Guarantor Subsidiaries of Noble column in the condensed consolidating financial statements. | |||||||||||||||||||||||||||||||||
During the first quarter of 2013, we amended the presentation of this limited partnership interest in the Other Non-guarantor Subsidiaries of Noble column to correctly present it as a noncontrolling interest and to record the income attributable to NDC as Net Income Attributable to Noncontrolling Interests. We also made appropriate adjustments to the Consolidating Adjustments column. We concluded these errors were not material individually or in the aggregate to any of the previously issued financial statements taken as a whole. The following chart presents the impact of this change in presentation in the Other Non-Guarantor Subsidiaries of Noble and Consolidating Adjustments columns on the historical Condensed Consolidating Balance Sheet and Condensed Consolidating Statement of Income. The revisions below did not impact our Condensed Consolidating Statement of Cash Flows. | |||||||||||||||||||||||||||||||||
Other Non-Guarantor | |||||||||||||||||||||||||||||||||
Subsidiaries of Noble | Consolidating Adjustments | ||||||||||||||||||||||||||||||||
As reported | As adjusted | As reported | As adjusted | ||||||||||||||||||||||||||||||
December 31, 2010 | |||||||||||||||||||||||||||||||||
Income statement- Twelve months ended | |||||||||||||||||||||||||||||||||
Net income | $ | 1,023,782 | $ | 1,023,782 | $ | (2,963,512 | ) | $ | (2,963,512 | ) | |||||||||||||||||||||||
Net income attributable to noncontrolling interests | (3 | ) | (41,889 | ) | — | 41,886 | |||||||||||||||||||||||||||
Net income attributable to Noble Corporation | $ | 1,023,779 | $ | 981,893 | $ | (2,963,512 | ) | $ | (2,921,626 | ) | |||||||||||||||||||||||
December 31, 2011 | |||||||||||||||||||||||||||||||||
Income statement- Twelve months ended | |||||||||||||||||||||||||||||||||
Net income | $ | 634,128 | $ | 634,128 | $ | (1,758,285 | ) | $ | (1,758,285 | ) | |||||||||||||||||||||||
Net loss attributable to noncontrolling interests | 7,273 | (15,808 | ) | — | 23,081 | ||||||||||||||||||||||||||||
Net income attributable to Noble Corporation | $ | 641,401 | $ | 618,320 | $ | (1,758,285 | ) | $ | (1,735,204 | ) | |||||||||||||||||||||||
Balance Sheet | |||||||||||||||||||||||||||||||||
Total shareholder equity | $ | 9,853,129 | $ | 9,483,809 | $ | (28,268,572 | ) | $ | (27,899,252 | ) | |||||||||||||||||||||||
Noncontrolling interests | 691,331 | 1,060,651 | — | (369,320 | ) | ||||||||||||||||||||||||||||
Total equity | $ | 10,544,460 | $ | 10,544,460 | $ | (28,268,572 | ) | $ | (28,268,572 | ) | |||||||||||||||||||||||
March 31, 2012 | |||||||||||||||||||||||||||||||||
Income statement- Three months ended | |||||||||||||||||||||||||||||||||
Net income | $ | 173,657 | $ | 173,657 | $ | (591,588 | ) | $ | (591,588 | ) | |||||||||||||||||||||||
Net income attributable to noncontrolling interests | 6,832 | (1,196 | ) | — | 8,028 | ||||||||||||||||||||||||||||
Net income attributable to Noble Corporation | $ | 180,489 | $ | 172,461 | $ | (591,588 | ) | $ | (583,560 | ) | |||||||||||||||||||||||
June 30, 2012 | |||||||||||||||||||||||||||||||||
Income statement- Three months ended | |||||||||||||||||||||||||||||||||
Net income | $ | 253,086 | $ | 253,086 | $ | (662,439 | ) | $ | (662,439 | ) | |||||||||||||||||||||||
Net income attributable to noncontrolling interests | (18,857 | ) | (29,201 | ) | — | 10,344 | |||||||||||||||||||||||||||
Net income attributable to Noble Corporation | $ | 234,229 | $ | 223,885 | $ | (662,439 | ) | $ | (652,095 | ) | |||||||||||||||||||||||
Income statement- Six months ended | |||||||||||||||||||||||||||||||||
Net income | $ | 426,743 | $ | 426,743 | $ | (1,254,027 | ) | $ | (1,254,027 | ) | |||||||||||||||||||||||
Net income attributable to noncontrolling interests | (12,025 | ) | (30,397 | ) | — | 18,372 | |||||||||||||||||||||||||||
Net income attributable to Noble Corporation | $ | 414,718 | $ | 396,346 | $ | (1,254,027 | ) | $ | (1,235,655 | ) | |||||||||||||||||||||||
September 30, 2012 | |||||||||||||||||||||||||||||||||
Income statement- Three months ended | |||||||||||||||||||||||||||||||||
Net income | $ | 211,597 | $ | 211,597 | $ | (569,368 | ) | $ | (569,368 | ) | |||||||||||||||||||||||
Net income attributable to noncontrolling interests | (14,906 | ) | (22,246 | ) | — | 7,340 | |||||||||||||||||||||||||||
Net income attributable to Noble Corporation | $ | 196,691 | $ | 189,351 | $ | (569,368 | ) | $ | (562,028 | ) | |||||||||||||||||||||||
Income statement- Nine months ended | |||||||||||||||||||||||||||||||||
Net income | $ | 638,340 | $ | 638,340 | $ | (1,823,395 | ) | $ | (1,823,395 | ) | |||||||||||||||||||||||
Net income attributable to noncontrolling interests | (26,931 | ) | (52,643 | ) | — | 25,712 | |||||||||||||||||||||||||||
Net income attributable to Noble Corporation | $ | 611,409 | $ | 585,697 | $ | (1,823,395 | ) | $ | (1,797,683 | ) | |||||||||||||||||||||||
Other Non-Guarantor | |||||||||||||||||||||||||||||||||
Subsidiaries of Noble | Consolidating Adjustments | ||||||||||||||||||||||||||||||||
As reported | As adjusted | As reported | As adjusted | ||||||||||||||||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||||||||||
Income statement- Twelve months ended | |||||||||||||||||||||||||||||||||
Net income | $ | 280,763 | $ | 280,763 | $ | (1,891,202 | ) | $ | (1,891,202 | ) | |||||||||||||||||||||||
Net income attributable to noncontrolling interests | (33,793 | ) | (68,969 | ) | — | 35,176 | |||||||||||||||||||||||||||
Net income attributable to Noble Corporation | $ | 246,970 | $ | 211,794 | $ | (1,891,202 | ) | $ | (1,856,026 | ) | |||||||||||||||||||||||
Balance Sheet | |||||||||||||||||||||||||||||||||
Total shareholder equity | $ | 9,913,839 | $ | 9,509,343 | $ | (29,719,135 | ) | $ | (29,314,639 | ) | |||||||||||||||||||||||
Noncontrolling interests | 765,124 | 1,169,620 | — | (404,496 | ) | ||||||||||||||||||||||||||||
Total equity | $ | 10,678,963 | $ | 10,678,963 | $ | (29,719,135 | ) | $ | (29,719,135 | ) | |||||||||||||||||||||||
NOBLE CORPORATION (NOBLE-CAYMAN) AND SUBSIDIARIES | |||||||||||||||||||||||||||||||||
CONDENSED CONSOLIDATING BALANCE SHEET | |||||||||||||||||||||||||||||||||
September 30, 2013 | |||||||||||||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||||||||||
Noble- | NHC and NDH | Subsidiaries | Consolidating | ||||||||||||||||||||||||||||||
Cayman | Combined | NDC | NHIL | NDS6 | of Noble | Adjustments | Total | ||||||||||||||||||||||||||
ASSETS | |||||||||||||||||||||||||||||||||
Current assets | |||||||||||||||||||||||||||||||||
Cash and cash equivalents | $ | 5 | $ | 123 | $ | — | $ | 8 | $ | — | $ | 173,581 | $ | — | $ | 173,717 | |||||||||||||||||
Accounts receivable | — | 59,250 | 3,388 | — | — | 803,108 | — | 865,746 | |||||||||||||||||||||||||
Taxes receivable | — | 41,407 | — | — | — | 101,831 | — | 143,238 | |||||||||||||||||||||||||
Prepaid expenses | — | 749 | 8 | — | — | 48,572 | — | 49,329 | |||||||||||||||||||||||||
Short-term notes receivable from affiliates | — | 869,476 | — | — | 606,269 | 319,201 | (1,794,946 | ) | — | ||||||||||||||||||||||||
Accounts receivable from affiliates | 978,461 | 157,252 | 1,154,776 | 172,379 | 65,991 | 6,311,688 | (8,840,547 | ) | — | ||||||||||||||||||||||||
Other current assets | — | 4,418 | 196 | — | — | 129,390 | — | 134,004 | |||||||||||||||||||||||||
Total current assets | 978,466 | 1,132,675 | 1,158,368 | 172,387 | 672,260 | 7,887,371 | (10,635,493 | ) | 1,366,034 | ||||||||||||||||||||||||
Property and equipment, at cost | — | 2,518,896 | 77,253 | — | — | 15,973,482 | — | 18,569,631 | |||||||||||||||||||||||||
Accumulated depreciation | — | (328,045 | ) | (61,592 | ) | — | — | (4,136,365 | ) | — | (4,526,002 | ) | |||||||||||||||||||||
Property and equipment, net | — | 2,190,851 | 15,661 | — | — | 11,837,117 | — | 14,043,629 | |||||||||||||||||||||||||
Notes receivable from affiliates | 3,816,463 | 675,000 | — | 3,524,814 | 5,000 | 1,827,879 | (9,849,156 | ) | — | ||||||||||||||||||||||||
Investments in affiliates | 8,507,009 | 12,100,603 | 3,310,205 | 8,521,927 | 2,332,612 | — | (34,772,356 | ) | — | ||||||||||||||||||||||||
Other assets | 6,144 | 5,266 | 266 | 23,395 | 668 | 246,217 | — | 281,956 | |||||||||||||||||||||||||
Total assets | $ | 13,308,082 | $ | 16,104,395 | $ | 4,484,500 | $ | 12,242,523 | $ | 3,010,540 | $ | 21,798,584 | $ | (55,257,005 | ) | $ | 15,691,619 | ||||||||||||||||
LIABILITIES AND EQUITY | |||||||||||||||||||||||||||||||||
Current liabilities | |||||||||||||||||||||||||||||||||
Short-term notes payables from affiliates | $ | 78,016 | $ | 127,036 | $ | 114,149 | $ | — | $ | 750,000 | $ | 725,745 | $ | (1,794,946 | ) | $ | — | ||||||||||||||||
Accounts payable | — | 4,338 | 537 | — | — | 311,058 | — | 315,933 | |||||||||||||||||||||||||
Accrued payroll and related costs | — | 8,085 | 8,865 | — | — | 112,220 | — | 129,170 | |||||||||||||||||||||||||
Accounts payable to affiliates | 1,061,152 | 4,998,213 | 3,908 | 236,008 | 77,296 | 2,463,970 | (8,840,547 | ) | — | ||||||||||||||||||||||||
Taxes payable | — | 13,434 | 9 | — | — | 116,628 | — | 130,071 | |||||||||||||||||||||||||
Other current liabilities | 496 | 5,270 | 240 | 17,128 | 630 | 178,658 | — | 202,422 | |||||||||||||||||||||||||
Total current liabilities | 1,139,664 | 5,156,376 | 127,708 | 253,136 | 827,926 | 3,908,279 | (10,635,493 | ) | 777,596 | ||||||||||||||||||||||||
Long-term debt | 1,312,864 | — | — | 3,793,279 | 201,695 | — | — | 5,307,838 | |||||||||||||||||||||||||
Notes payable to affiliates | 2,557,787 | 586,979 | — | 975,000 | 811,000 | 4,918,390 | (9,849,156 | ) | — | ||||||||||||||||||||||||
Deferred income taxes | — | — | 15,731 | — | — | 171,917 | — | 187,648 | |||||||||||||||||||||||||
Other liabilities | 19,930 | 23,106 | — | — | — | 349,407 | — | 392,443 | |||||||||||||||||||||||||
Total liabilities | 5,030,245 | 5,766,461 | 143,439 | 5,021,415 | 1,840,621 | 9,347,993 | (20,484,649 | ) | 6,665,525 | ||||||||||||||||||||||||
Commitments and contingencies | |||||||||||||||||||||||||||||||||
Total shareholder equity | 8,277,837 | 10,337,934 | 4,341,061 | 7,221,108 | 1,169,919 | 11,261,974 | (34,331,996 | ) | 8,277,837 | ||||||||||||||||||||||||
Noncontrolling interest | — | — | — | — | — | 1,188,617 | (440,360 | ) | 748,257 | ||||||||||||||||||||||||
Total equity | 8,277,837 | 10,337,934 | 4,341,061 | 7,221,108 | 1,169,919 | 12,450,591 | (34,772,356 | ) | 9,026,094 | ||||||||||||||||||||||||
Total liabilities and equity | $ | 13,308,082 | $ | 16,104,395 | $ | 4,484,500 | $ | 12,242,523 | $ | 3,010,540 | $ | 21,798,584 | $ | (55,257,005 | ) | $ | 15,691,619 | ||||||||||||||||
NOBLE CORPORATION (NOBLE-CAYMAN) AND SUBSIDIARIES | |||||||||||||||||||||||||||||||||
CONDENSED CONSOLIDATING BALANCE SHEET | |||||||||||||||||||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||||||||||
Other | |||||||||||||||||||||||||||||||||
Non-guarantor | |||||||||||||||||||||||||||||||||
Noble- | NHC and NDH | Subsidiaries | Consolidating | ||||||||||||||||||||||||||||||
Cayman | Combined | NDC | NHIL | NDS6 | of Noble | Adjustments | Total | ||||||||||||||||||||||||||
ASSETS | |||||||||||||||||||||||||||||||||
Current assets | |||||||||||||||||||||||||||||||||
Cash and cash equivalents | $ | 1,003 | $ | 904 | $ | — | $ | 2 | $ | — | $ | 275,466 | $ | — | $ | 277,375 | |||||||||||||||||
Accounts receivable | — | 14,885 | 3,335 | — | — | 725,453 | — | 743,673 | |||||||||||||||||||||||||
Taxes receivable | — | 8,341 | — | — | — | 103,969 | — | 112,310 | |||||||||||||||||||||||||
Prepaid expenses | — | 396 | 9 | — | — | 40,827 | — | 41,232 | |||||||||||||||||||||||||
Short-term notes receivable from affiliates | — | 119,476 | — | — | 586,769 | 252,138 | (958,383 | ) | — | ||||||||||||||||||||||||
Accounts receivable from affiliates | 664,375 | 140,014 | 1,015,204 | 526,483 | 38,895 | 5,855,066 | (8,240,037 | ) | — | ||||||||||||||||||||||||
Other current assets | 235 | 639 | 196 | — | — | 121,579 | — | 122,649 | |||||||||||||||||||||||||
Total current assets | 665,613 | 284,655 | 1,018,744 | 526,485 | 625,664 | 7,374,498 | (9,198,420 | ) | 1,297,239 | ||||||||||||||||||||||||
Property and equipment, at cost | — | 2,735,223 | 76,428 | — | — | 14,123,496 | — | 16,935,147 | |||||||||||||||||||||||||
Accumulated depreciation | — | (283,028 | ) | (58,411 | ) | — | — | (3,597,079 | ) | — | (3,938,518 | ) | |||||||||||||||||||||
Property and equipment, net | — | 2,452,195 | 18,017 | — | — | 10,526,417 | — | 12,996,629 | |||||||||||||||||||||||||
Notes receivable from affiliates | 3,816,463 | 1,206,000 | — | 3,524,814 | 479,107 | 2,171,875 | (11,198,259 | ) | — | ||||||||||||||||||||||||
Investments in affiliates | 7,770,066 | 9,170,923 | 3,386,879 | 7,413,361 | 1,977,906 | — | (29,719,135 | ) | — | ||||||||||||||||||||||||
Other assets | 5,798 | 320 | 543 | 25,895 | 759 | 243,243 | — | 276,558 | |||||||||||||||||||||||||
Total assets | $ | 12,257,940 | $ | 13,114,093 | $ | 4,424,183 | $ | 11,490,555 | $ | 3,083,436 | $ | 20,316,033 | $ | (50,115,814 | ) | $ | 14,570,426 | ||||||||||||||||
LIABILITIES AND EQUITY | |||||||||||||||||||||||||||||||||
Current liabilities | |||||||||||||||||||||||||||||||||
Short-term notes payables from affiliates | $ | 90,314 | $ | 51,054 | $ | 110,770 | $ | — | $ | — | $ | 706,245 | $ | (958,383 | ) | $ | — | ||||||||||||||||
Accounts payable | — | 6,522 | 1,183 | — | — | 341,889 | — | 349,594 | |||||||||||||||||||||||||
Accrued payroll and related costs | — | 6,176 | 7,611 | — | — | 110,149 | — | 123,936 | |||||||||||||||||||||||||
Accounts payable to affiliates | 900,063 | 4,806,235 | 5,444 | 165,065 | 77,075 | 2,286,155 | (8,240,037 | ) | — | ||||||||||||||||||||||||
Taxes payable | — | 9,152 | — | — | — | 121,692 | — | 130,844 | |||||||||||||||||||||||||
Other current liabilities | 1,594 | — | 240 | 62,430 | 4,412 | 158,259 | — | 226,935 | |||||||||||||||||||||||||
Total current liabilities | 991,971 | 4,879,139 | 125,248 | 227,495 | 81,487 | 3,724,389 | (9,198,420 | ) | 831,309 | ||||||||||||||||||||||||
Long-term debt | 639,794 | — | — | 3,792,886 | 201,695 | — | — | 4,634,375 | |||||||||||||||||||||||||
Notes payable to affiliates | 2,840,287 | 648,475 | — | 975,000 | 1,342,000 | 5,392,497 | (11,198,259 | ) | — | ||||||||||||||||||||||||
Deferred income taxes | — | — | 15,731 | — | — | 210,314 | — | 226,045 | |||||||||||||||||||||||||
Other liabilities | 19,930 | 17,815 | — | — | — | 309,870 | — | 347,615 | |||||||||||||||||||||||||
Total liabilities | 4,491,982 | 5,545,429 | 140,979 | 4,995,381 | 1,625,182 | 9,637,070 | (20,396,679 | ) | 6,039,344 | ||||||||||||||||||||||||
Commitments and contingencies | |||||||||||||||||||||||||||||||||
Total shareholder equity | 7,765,958 | 7,568,664 | 4,283,204 | 6,495,174 | 1,458,254 | 9,509,343 | (29,314,639 | ) | 7,765,958 | ||||||||||||||||||||||||
Noncontrolling interest | — | — | — | — | — | 1,169,620 | (404,496 | ) | 765,124 | ||||||||||||||||||||||||
Total equity | 7,765,958 | 7,568,664 | 4,283,204 | 6,495,174 | 1,458,254 | 10,678,963 | (29,719,135 | ) | 8,531,082 | ||||||||||||||||||||||||
Total liabilities and equity | $ | 12,257,940 | $ | 13,114,093 | $ | 4,424,183 | $ | 11,490,555 | $ | 3,083,436 | $ | 20,316,033 | $ | (50,115,814 | ) | $ | 14,570,426 | ||||||||||||||||
NOBLE CORPORATION (NOBLE-CAYMAN) AND SUBSIDIARIES | |||||||||||||||||||||||||||||||||
CONDENSED CONSOLIDATING STATEMENT OF INCOME | |||||||||||||||||||||||||||||||||
Three Months Ended September 30, 2013 | |||||||||||||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||||||||||
Other | |||||||||||||||||||||||||||||||||
Non-guarantor | |||||||||||||||||||||||||||||||||
Noble- | NHC and NDH | Subsidiaries | Consolidating | ||||||||||||||||||||||||||||||
Cayman | Combined | NDC | NHIL | NDS6 | of Noble | Adjustments | Total | ||||||||||||||||||||||||||
Operating revenues | |||||||||||||||||||||||||||||||||
Contract drilling services | $ | — | $ | 67,831 | $ | 5,126 | $ | — | $ | — | $ | 991,221 | $ | (23,060 | ) | $ | 1,041,118 | ||||||||||||||||
Reimbursables | — | 1,796 | — | — | — | 27,446 | — | 29,242 | |||||||||||||||||||||||||
Labor contract drilling services | — | — | — | — | — | 8,493 | — | 8,493 | |||||||||||||||||||||||||
Other | — | — | — | — | — | 28 | — | 28 | |||||||||||||||||||||||||
Total operating revenues | — | 69,627 | 5,126 | — | — | 1,027,188 | (23,060 | ) | 1,078,881 | ||||||||||||||||||||||||
Operating costs and expenses | |||||||||||||||||||||||||||||||||
Contract drilling services | 1,665 | 24,776 | 2,231 | 29,339 | — | 451,162 | (23,060 | ) | 486,113 | ||||||||||||||||||||||||
Reimbursables | — | 1,509 | — | — | — | 22,162 | — | 23,671 | |||||||||||||||||||||||||
Labor contract drilling services | — | — | — | — | — | 8,153 | — | 8,153 | |||||||||||||||||||||||||
Depreciation and amortization | — | 15,937 | 1,174 | — | — | 206,065 | — | 223,176 | |||||||||||||||||||||||||
General and administrative | 252 | 831 | — | 2,672 | — | 3,496 | — | 7,251 | |||||||||||||||||||||||||
Loss on impairment | — | — | — | — | — | 3,585 | — | 3,585 | |||||||||||||||||||||||||
Gain on disposal of assets, net | — | — | — | — | — | (35,646 | ) | — | (35,646 | ) | |||||||||||||||||||||||
Gain on contract settlements/extinguishments, net | (45,000 | ) | — | — | — | — | — | — | (45,000 | ) | |||||||||||||||||||||||
Total operating costs and expenses | (43,083 | ) | 43,053 | 3,405 | 32,011 | — | 658,977 | (23,060 | ) | 671,303 | |||||||||||||||||||||||
Operating income (loss) | 43,083 | 26,574 | 1,721 | (32,011 | ) | — | 368,211 | — | 407,578 | ||||||||||||||||||||||||
Other income (expense) | |||||||||||||||||||||||||||||||||
Equity earnings in affiliates, net of tax | 301,048 | 189,686 | 40,619 | 330,102 | (1,381,410 | ) | — | 519,955 | — | ||||||||||||||||||||||||
Interest expense, net of amounts capitalized | (34,941 | ) | (5,604 | ) | (503 | ) | (32,646 | ) | (14,998 | ) | (1,548,475 | ) | 1,614,018 | (23,149 | ) | ||||||||||||||||||
Interest income and other, net | 1,664 | 20,354 | (7 | ) | 44,809 | 1,524,744 | 22,869 | (1,614,018 | ) | 415 | |||||||||||||||||||||||
Income before income taxes | 310,854 | 231,010 | 41,830 | 310,254 | 128,336 | (1,157,395 | ) | 519,955 | 384,844 | ||||||||||||||||||||||||
Income tax provision | — | (51,021 | ) | — | — | — | (4,467 | ) | — | (55,488 | ) | ||||||||||||||||||||||
Net Income | 310,854 | 179,989 | 41,830 | 310,254 | 128,336 | (1,161,862 | ) | 519,955 | 329,356 | ||||||||||||||||||||||||
Net income attributable to noncontrolling interests | — | — | — | — | — | (34,004 | ) | 15,502 | (18,502 | ) | |||||||||||||||||||||||
Net income attributable to Noble Corporation | 310,854 | 179,989 | 41,830 | 310,254 | 128,336 | (1,195,866 | ) | 535,457 | 310,854 | ||||||||||||||||||||||||
Other comprehensive income, net | 5,846 | — | — | — | — | 5,846 | (5,846 | ) | 5,846 | ||||||||||||||||||||||||
Comprehensive income attributable to Noble Corporation | $ | 316,700 | $ | 179,989 | $ | 41,830 | $ | 310,254 | $ | 128,336 | $ | (1,190,020 | ) | $ | 529,611 | $ | 316,700 | ||||||||||||||||
NOBLE CORPORATION (NOBLE-CAYMAN) AND SUBSIDIARIES | |||||||||||||||||||||||||||||||||
CONDENSED CONSOLIDATING STATEMENT OF INCOME | |||||||||||||||||||||||||||||||||
Nine Months Ended September 30, 2013 | |||||||||||||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||||||||||
Noble- | NHC and | NDC | NHIL | NDS6 | Other | Consolidating | Total | ||||||||||||||||||||||||||
Cayman | NDH | Non-guarantor | Adjustments | ||||||||||||||||||||||||||||||
Combined | Subsidiaries of | ||||||||||||||||||||||||||||||||
Noble | |||||||||||||||||||||||||||||||||
Operating revenues | |||||||||||||||||||||||||||||||||
Contract drilling services | $ | — | $ | 201,101 | $ | 15,135 | $ | — | $ | — | $ | 2,795,505 | $ | (66,431 | ) | $ | 2,945,310 | ||||||||||||||||
Reimbursables | — | 5,117 | — | — | — | 73,559 | — | 78,676 | |||||||||||||||||||||||||
Labor contract drilling services | — | — | — | — | — | 43,150 | — | 43,150 | |||||||||||||||||||||||||
Other | — | — | — | — | — | 105 | — | 105 | |||||||||||||||||||||||||
Total operating revenues | — | 206,218 | 15,135 | — | — | 2,912,319 | (66,431 | ) | 3,067,241 | ||||||||||||||||||||||||
Operating costs and expenses | |||||||||||||||||||||||||||||||||
Contract drilling services | 3,600 | 61,079 | 5,842 | 79,188 | — | 1,364,841 | (66,431 | ) | 1,448,119 | ||||||||||||||||||||||||
Reimbursables | — | 4,332 | — | — | — | 56,962 | — | 61,294 | |||||||||||||||||||||||||
Labor contract drilling services | — | — | — | — | — | 29,804 | — | 29,804 | |||||||||||||||||||||||||
Depreciation and amortization | — | 46,120 | 3,377 | — | — | 591,662 | — | 641,159 | |||||||||||||||||||||||||
General and administrative | 1,544 | 4,845 | 1 | 20,788 | 1 | 10,503 | — | 37,682 | |||||||||||||||||||||||||
Loss on impairment | — | — | — | — | — | 3,585 | — | 3,585 | |||||||||||||||||||||||||
Gain on disposal of assets, net | — | — | — | — | — | (35,646 | ) | — | (35,646 | ) | |||||||||||||||||||||||
Gain on contract settlements/extinguishments, net | (45,000 | ) | — | — | — | — | (1,800 | ) | — | (46,800 | ) | ||||||||||||||||||||||
Total operating costs and expenses | (39,856 | ) | 116,376 | 9,220 | 99,976 | 1 | 2,019,911 | (66,431 | ) | 2,139,197 | |||||||||||||||||||||||
Operating income (loss) | 39,856 | 89,842 | 5,915 | (99,976 | ) | (1 | ) | 892,408 | — | 928,044 | |||||||||||||||||||||||
Other income (expense) | |||||||||||||||||||||||||||||||||
Equity earnings in affiliates, net of tax | 736,942 | 392,101 | 53,787 | 796,217 | (1,177,957 | ) | — | (801,090 | ) | — | |||||||||||||||||||||||
Interest expense, net of amounts capitalized | (105,720 | ) | (18,604 | ) | (1,842 | ) | (99,911 | ) | (38,388 | ) | (1,595,902 | ) | 1,785,252 | (75,115 | ) | ||||||||||||||||||
Interest income and other, net | 4,941 | 42,205 | (7 | ) | 129,601 | 1,537,410 | 72,285 | (1,785,252 | ) | 1,183 | |||||||||||||||||||||||
Income before income taxes | 676,019 | 505,544 | 57,853 | 725,931 | 321,064 | (631,209 | ) | (801,090 | ) | 854,112 | |||||||||||||||||||||||
Income tax provision | — | (41,278 | ) | — | — | — | (83,954 | ) | — | (125,232 | ) | ||||||||||||||||||||||
Net Income | 676,019 | 464,266 | 57,853 | 725,931 | 321,064 | (715,163 | ) | (801,090 | ) | 728,880 | |||||||||||||||||||||||
Net income attributable to noncontrolling interests | — | — | — | — | — | (88,725 | ) | 35,864 | (52,861 | ) | |||||||||||||||||||||||
Net income attributable to Noble Corporation | 676,019 | 464,266 | 57,853 | 725,931 | 321,064 | (803,888 | ) | (765,226 | ) | 676,019 | |||||||||||||||||||||||
Other comprehensive income, net | 4,866 | — | — | — | — | 4,866 | (4,866 | ) | 4,866 | ||||||||||||||||||||||||
Comprehensive income attributable to Noble Corporation | $ | 680,885 | $ | 464,266 | $ | 57,853 | $ | 725,931 | $ | 321,064 | $ | (799,022 | ) | $ | (770,092 | ) | $ | 680,885 | |||||||||||||||
NOBLE CORPORATION (NOBLE-CAYMAN) AND SUBSIDIARIES | |||||||||||||||||||||||||||||||||
CONDENSED CONSOLIDATING STATEMENT OF INCOME | |||||||||||||||||||||||||||||||||
Three Months Ended September 30, 2012 | |||||||||||||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||||||||||
Noble- | NHC and NDH | NDC | NHIL | NDS6 | Other | Consolidating | Total | ||||||||||||||||||||||||||
Cayman | Combined | Non-guarantor | Adjustments | ||||||||||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||||||||||||
of Noble | |||||||||||||||||||||||||||||||||
Operating revenues | |||||||||||||||||||||||||||||||||
Contract drilling services | $ | — | $ | 36,149 | $ | 5,061 | $ | — | $ | — | $ | 809,858 | $ | (17,856 | ) | $ | 833,212 | ||||||||||||||||
Reimbursables | — | 389 | — | — | — | 27,748 | — | 28,137 | |||||||||||||||||||||||||
Labor contract drilling services | — | — | — | — | — | 22,667 | — | 22,667 | |||||||||||||||||||||||||
Other | — | — | — | — | — | 16 | — | 16 | |||||||||||||||||||||||||
Total operating revenues | — | 36,538 | 5,061 | — | — | 860,289 | (17,856 | ) | 884,032 | ||||||||||||||||||||||||
Operating costs and expenses | |||||||||||||||||||||||||||||||||
Contract drilling services | 1,355 | 13,948 | 1,919 | 19,636 | — | 425,223 | (17,856 | ) | 444,225 | ||||||||||||||||||||||||
Reimbursables | — | 216 | — | — | — | 20,831 | — | 21,047 | |||||||||||||||||||||||||
Labor contract drilling services | — | — | — | — | — | 12,991 | — | 12,991 | |||||||||||||||||||||||||
Depreciation and amortization | — | 15,500 | 1,181 | — | — | 177,914 | — | 194,595 | |||||||||||||||||||||||||
General and administrative | 426 | 1,447 | — | 9,700 | 1 | 3,913 | — | 15,487 | |||||||||||||||||||||||||
Total operating costs and expenses | 1,781 | 31,111 | 3,100 | 29,336 | 1 | 640,872 | (17,856 | ) | 688,345 | ||||||||||||||||||||||||
Operating income (loss) | (1,781 | ) | 5,427 | 1,961 | (29,336 | ) | (1 | ) | 219,417 | — | 195,687 | ||||||||||||||||||||||
Other income (expense) | |||||||||||||||||||||||||||||||||
Equity earnings in affiliates, net of tax | 162,311 | 69,069 | 36,463 | 172,364 | 129,161 | — | (569,368 | ) | — | ||||||||||||||||||||||||
Interest expense, net of amounts capitalized | (30,496 | ) | (8,964 | ) | (852 | ) | (33,509 | ) | (11,832 | ) | (20,221 | ) | 80,239 | (25,635 | ) | ||||||||||||||||||
Interest income and other, net | 1,689 | 11,080 | 9 | 37,430 | 2,846 | 28,546 | (80,239 | ) | 1,361 | ||||||||||||||||||||||||
Income before income taxes | 131,723 | 76,612 | 37,581 | 146,949 | 120,174 | 227,742 | (569,368 | ) | 171,413 | ||||||||||||||||||||||||
Income tax provision | — | (8,639 | ) | — | — | — | (16,145 | ) | — | (24,784 | ) | ||||||||||||||||||||||
Net Income | 131,723 | 67,973 | 37,581 | 146,949 | 120,174 | 211,597 | (569,368 | ) | 146,629 | ||||||||||||||||||||||||
Net income attributable to noncontrolling interests | — | — | — | — | — | (22,246 | ) | 7,340 | (14,906 | ) | |||||||||||||||||||||||
Net income attributable to Noble Corporation | 131,723 | 67,973 | 37,581 | 146,949 | 120,174 | 189,351 | (562,028 | ) | 131,723 | ||||||||||||||||||||||||
Other comprehensive income, net | 3,384 | — | — | — | — | 3,384 | (3,384 | ) | 3,384 | ||||||||||||||||||||||||
Comprehensive income attributable to Noble Corporation | $ | 135,107 | $ | 67,973 | $ | 37,581 | $ | 146,949 | $ | 120,174 | $ | 192,735 | $ | (565,412 | ) | $ | 135,107 | ||||||||||||||||
NOBLE CORPORATION (NOBLE-CAYMAN) AND SUBSIDIARIES | |||||||||||||||||||||||||||||||||
CONDENSED CONSOLIDATING STATEMENT OF INCOME | |||||||||||||||||||||||||||||||||
Nine Months Ended September 30, 2012 | |||||||||||||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||||||||||
Noble- | NHC and NDH | NDC | NHIL | NDS6 | Other | Consolidating | Total | ||||||||||||||||||||||||||
Cayman | Combined | Non-guarantor | Adjustments | ||||||||||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||||||||||||
of Noble | |||||||||||||||||||||||||||||||||
Operating revenues | |||||||||||||||||||||||||||||||||
Contract drilling services | $ | — | $ | 117,488 | $ | 14,941 | $ | — | $ | — | $ | 2,352,618 | $ | (57,288 | ) | $ | 2,427,759 | ||||||||||||||||
Reimbursables | — | 6,199 | — | — | — | 87,891 | — | 94,090 | |||||||||||||||||||||||||
Labor contract drilling services | — | — | — | — | — | 58,538 | — | 58,538 | |||||||||||||||||||||||||
Other | — | — | — | — | — | 1,190 | (932 | ) | 258 | ||||||||||||||||||||||||
Total operating revenues | — | 123,687 | 14,941 | — | — | 2,500,237 | (58,220 | ) | 2,580,645 | ||||||||||||||||||||||||
Operating costs and expenses | |||||||||||||||||||||||||||||||||
Contract drilling services | 3,794 | 42,642 | 5,529 | 56,048 | — | 1,231,176 | (58,220 | ) | 1,280,969 | ||||||||||||||||||||||||
Reimbursables | — | 5,641 | — | — | — | 70,977 | — | 76,618 | |||||||||||||||||||||||||
Labor contract drilling services | — | — | — | — | — | 34,070 | — | 34,070 | |||||||||||||||||||||||||
Depreciation and amortization | — | 45,577 | 3,278 | — | — | 499,416 | — | 548,271 | |||||||||||||||||||||||||
General and administrative | 1,237 | 4,258 | — | 28,137 | 1 | 11,331 | — | 44,964 | |||||||||||||||||||||||||
Loss on impairment | — | — | — | — | — | 18,345 | — | 18,345 | |||||||||||||||||||||||||
Gain on contract settlements/extinguishments, net | — | (4,869 | ) | — | — | — | (28,386 | ) | — | (33,255 | ) | ||||||||||||||||||||||
Total operating costs and expenses | 5,031 | 93,249 | 8,807 | 84,185 | 1 | 1,836,929 | (58,220 | ) | 1,969,982 | ||||||||||||||||||||||||
Operating income (loss) | (5,031 | ) | 30,438 | 6,134 | (84,185 | ) | (1 | ) | 663,308 | — | 610,663 | ||||||||||||||||||||||
Other income (expense) | |||||||||||||||||||||||||||||||||
Equity earnings in affiliates, net of tax | 515,132 | 358,234 | 92,343 | 583,122 | 274,564 | — | (1,823,395 | ) | — | ||||||||||||||||||||||||
Interest expense, net of amounts capitalized | (76,396 | ) | (37,881 | ) | (3,040 | ) | (83,975 | ) | (31,020 | ) | (60,193 | ) | 235,722 | (56,783 | ) | ||||||||||||||||||
Interest income and other, net | 5,640 | 29,771 | 4 | 99,609 | 8,771 | 96,295 | (235,722 | ) | 4,368 | ||||||||||||||||||||||||
Income before income taxes | 439,345 | 380,562 | 95,441 | 514,571 | 252,314 | 699,410 | (1,823,395 | ) | 558,248 | ||||||||||||||||||||||||
Income tax provision | — | (30,902 | ) | — | — | — | (61,070 | ) | — | (91,972 | ) | ||||||||||||||||||||||
Net Income | 439,345 | 349,660 | 95,441 | 514,571 | 252,314 | 638,340 | (1,823,395 | ) | 466,276 | ||||||||||||||||||||||||
Net income attributable to noncontrolling interests | — | — | — | — | — | (52,643 | ) | 25,712 | (26,931 | ) | |||||||||||||||||||||||
Net income attributable to Noble Corporation | 439,345 | 349,660 | 95,441 | 514,571 | 252,314 | 585,697 | (1,797,683 | ) | 439,345 | ||||||||||||||||||||||||
Other comprehensive income, net | 2,244 | — | — | — | — | 2,244 | (2,244 | ) | 2,244 | ||||||||||||||||||||||||
Comprehensive income attributable to Noble Corporation | $ | 441,589 | $ | 349,660 | $ | 95,441 | $ | 514,571 | $ | 252,314 | $ | 587,941 | $ | (1,799,927 | ) | $ | 441,589 | ||||||||||||||||
NOBLE CORPORATION (NOBLE-CAYMAN) AND SUBSIDIARIES | |||||||||||||||||||||||||||||||||
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS | |||||||||||||||||||||||||||||||||
Nine Months Ended September 30, 2013 | |||||||||||||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||||||||||
Noble- | NHC and NDH | NDC | NHIL | NDS6 | Other | Consolidating | Total | ||||||||||||||||||||||||||
Cayman | Combined | Non-guarantor | Adjustments | ||||||||||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||||||||||||
of Noble | |||||||||||||||||||||||||||||||||
Cash flows from operating activities | |||||||||||||||||||||||||||||||||
Net cash from operating activities | $ | (79,174 | ) | $ | 46,344 | $ | 8,285 | $ | (113,088 | ) | $ | 1,495,330 | $ | (144,753 | ) | $ | — | $ | 1,212,944 | ||||||||||||||
Cash flows from investing activities | |||||||||||||||||||||||||||||||||
New construction and capital expenditures | — | (1,070,669 | ) | (559 | ) | — | — | (719,659 | ) | — | (1,790,887 | ) | |||||||||||||||||||||
Proceeds from disposal of assets | — | — | — | — | — | 61,000 | — | 61,000 | |||||||||||||||||||||||||
Notes receivable from affiliates | — | — | — | — | — | 294,798 | (294,798 | ) | — | ||||||||||||||||||||||||
Net cash from investing activities | — | (1,070,669 | ) | (559 | ) | — | — | (363,861 | ) | (294,798 | ) | (1,729,887 | ) | ||||||||||||||||||||
Cash flows from financing activities | |||||||||||||||||||||||||||||||||
Net change in borrowings outstanding on bank credit facilities | 973,055 | — | — | — | — | — | — | 973,055 | |||||||||||||||||||||||||
Repayment of long-term debt | (300,000 | ) | — | — | — | — | — | — | (300,000 | ) | |||||||||||||||||||||||
Financing costs on credit facilities | (2,432 | ) | — | — | — | — | — | — | (2,432 | ) | |||||||||||||||||||||||
Dividends paid to joint venture partner | — | — | — | — | — | (69,728 | ) | — | (69,728 | ) | |||||||||||||||||||||||
Distributions to parent company, net | (187,610 | ) | — | — | — | — | — | — | (187,610 | ) | |||||||||||||||||||||||
Advances (to) from affiliates | (110,039 | ) | 1,023,544 | (7,726 | ) | 113,094 | (1,495,330 | ) | 476,457 | — | — | ||||||||||||||||||||||
Notes payable to affiliates | (294,798 | ) | — | — | — | — | — | 294,798 | — | ||||||||||||||||||||||||
Net cash from financing activities | 78,176 | 1,023,544 | (7,726 | ) | 113,094 | (1,495,330 | ) | 406,729 | 294,798 | 413,285 | |||||||||||||||||||||||
Net change in cash and cash equivalents | (998 | ) | (781 | ) | — | 6 | — | (101,885 | ) | — | (103,658 | ) | |||||||||||||||||||||
Cash and cash equivalents, beginning of period | 1,003 | 904 | — | 2 | — | 275,466 | — | 277,375 | |||||||||||||||||||||||||
Cash and cash equivalents, end of period | $ | 5 | $ | 123 | $ | — | $ | 8 | $ | — | $ | 173,581 | $ | — | $ | 173,717 | |||||||||||||||||
NOBLE CORPORATION (NOBLE-CAYMAN) AND SUBSIDIARIES | |||||||||||||||||||||||||||||||||
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS | |||||||||||||||||||||||||||||||||
Nine Months Ended September 30, 2012 | |||||||||||||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||||||||||
Noble- | NHC and NDH | NDC | NHIL | NDS6 | Other | Consolidating | Total | ||||||||||||||||||||||||||
Cayman | Combined | Non-guarantor | Adjustments | ||||||||||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||||||||||||
of Noble | |||||||||||||||||||||||||||||||||
Cash flows from operating activities | |||||||||||||||||||||||||||||||||
Net cash from operating activities | $ | (59,614 | ) | $ | 7,563 | $ | 8,989 | $ | (107,638 | ) | $ | (25,942 | ) | $ | 1,133,499 | $ | — | $ | 956,857 | ||||||||||||||
Cash flows from investing activities | |||||||||||||||||||||||||||||||||
New construction and capital expenditures | — | (499,141 | ) | (1,040 | ) | — | — | (940,534 | ) | — | (1,440,715 | ) | |||||||||||||||||||||
Notes receivable from affiliates | — | — | — | (1,188,287 | ) | — | — | 1,188,287 | — | ||||||||||||||||||||||||
Net cash from investing activities | — | (499,141 | ) | (1,040 | ) | (1,188,287 | ) | — | (940,534 | ) | 1,188,287 | (1,440,715 | ) | ||||||||||||||||||||
Cash flows from financing activities | |||||||||||||||||||||||||||||||||
Net change in borrowings outstanding on bank credit facilities | (630,000 | ) | — | — | — | — | — | — | (630,000 | ) | |||||||||||||||||||||||
Proceeds from issuance of senior notes, net | — | — | — | 1,186,636 | — | — | — | 1,186,636 | |||||||||||||||||||||||||
Contributions from joint venture partner | — | — | — | — | — | 40,000 | — | 40,000 | |||||||||||||||||||||||||
Financing costs on credit facilities | (5,014 | ) | — | — | — | — | — | — | (5,014 | ) | |||||||||||||||||||||||
Distributions to parent company, net | (129,139 | ) | — | — | — | — | — | — | (129,139 | ) | |||||||||||||||||||||||
Advances (to) from affiliates | (364,666 | ) | 491,628 | (7,949 | ) | 109,308 | 25,942 | (254,263 | ) | — | — | ||||||||||||||||||||||
Notes payable to affiliates | 1,188,287 | — | — | — | — | — | (1,188,287 | ) | — | ||||||||||||||||||||||||
Net cash from financing activities | 59,468 | 491,628 | (7,949 | ) | 1,295,944 | 25,942 | (214,263 | ) | (1,188,287 | ) | 462,483 | ||||||||||||||||||||||
Net change in cash and cash equivalents | (146 | ) | 50 | — | 19 | — | (21,298 | ) | — | (21,375 | ) | ||||||||||||||||||||||
Cash and cash equivalents, beginning of period | 146 | 385 | — | — | — | 234,525 | — | 235,056 | |||||||||||||||||||||||||
Cash and cash equivalents, end of period | $ | — | $ | 435 | $ | — | $ | 19 | $ | — | $ | 213,227 | $ | — | $ | 213,681 | |||||||||||||||||
Consolidated_Joint_Ventures_Ta
Consolidated Joint Ventures (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Business Combinations [Abstract] | ' | ||||||||||||||||
Schedule of Operational Results | ' | ||||||||||||||||
Operational results for the three and nine months ended September 30, 2013 and 2012 are as follows: | |||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
Operating revenues | $ | 94,847 | $ | 78,447 | $ | 272,620 | $ | 162,892 | |||||||||
Net income | $ | 36,488 | $ | 28,679 | $ | 103,123 | $ | 52,152 |
Share_Data_Tables
Share Data (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||||||
Noble-Swiss' Share Capital | ' | ||||||||||||||||
The following table details Noble-Swiss’ share capital as of September 30, 2013 and December 31, 2012: | |||||||||||||||||
September 30, | December 31, | ||||||||||||||||
2013 | 2012 | ||||||||||||||||
Shares outstanding and trading | 253,388 | 252,759 | |||||||||||||||
Treasury shares | 777 | 589 | |||||||||||||||
Total shares outstanding | 254,165 | 253,348 | |||||||||||||||
Treasury shares held for share-based compensation plans | 11,985 | 12,802 | |||||||||||||||
Total shares authorized for issuance | 266,150 | 266,150 | |||||||||||||||
Par value per share (in Swiss Francs) | 3.15 | 3.15 | |||||||||||||||
Computation of Basic and Diluted Earning Per Share for Noble-Swiss | ' | ||||||||||||||||
The following table sets forth the computation of basic and diluted earnings per share for Noble-Swiss: | |||||||||||||||||
Three months ended | Nine months ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
Allocation of net income | |||||||||||||||||
Basic | |||||||||||||||||
Net income attributable to Noble Corporation | $ | 281,957 | $ | 114,774 | $ | 608,637 | $ | 394,767 | |||||||||
Earnings allocated to unvested share-based payment awards | (3,393 | ) | (1,192 | ) | (7,191 | ) | (4,008 | ) | |||||||||
Net income to common shareholders—basic | $ | 278,564 | $ | 113,582 | $ | 601,446 | $ | 390,759 | |||||||||
Diluted | |||||||||||||||||
Net income attributable to Noble Corporation | $ | 281,957 | $ | 114,774 | $ | 608,637 | $ | 394,767 | |||||||||
Earnings allocated to unvested share-based payment awards | (3,390 | ) | (1,190 | ) | (7,184 | ) | (4,002 | ) | |||||||||
Net income to common shareholders—diluted | $ | 278,567 | $ | 113,584 | $ | 601,453 | $ | 390,765 | |||||||||
Weighted average shares outstanding—basic | 253,357 | 252,657 | 253,242 | 252,339 | |||||||||||||
Incremental shares issuable from assumed exercise of stock options | 261 | 317 | 265 | 385 | |||||||||||||
Weighted average shares outstanding—diluted | 253,618 | 252,974 | 253,507 | 252,724 | |||||||||||||
Weighted average unvested share-based payment awards | 3,086 | 2,651 | 3,028 | 2,588 | |||||||||||||
Earnings per share | |||||||||||||||||
Basic | $ | 1.1 | $ | 0.45 | $ | 2.37 | $ | 1.55 | |||||||||
Diluted | $ | 1.1 | $ | 0.45 | $ | 2.37 | $ | 1.55 |
Property_and_Equipment_Tables
Property and Equipment (Tables) | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Property Plant And Equipment [Abstract] | ' | ||||||||
Property and Equipment, at Cost | ' | ||||||||
Property and equipment, at cost, as of September 30, 2013 and December 31, 2012 consisted of the following: | |||||||||
September 30, | December 31, | ||||||||
2013 | 2012 | ||||||||
Drilling equipment and facilities | $ | 15,835,848 | $ | 14,099,628 | |||||
Construction in progress | 2,569,052 | 2,677,385 | |||||||
Other | 202,031 | 194,653 | |||||||
Property and equipment, at cost | $ | 18,606,931 | $ | 16,971,666 | |||||
Debt_Tables
Debt (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Debt Disclosure [Abstract] | ' | ||||||||||||||||
Schedule of Debt | ' | ||||||||||||||||
Total debt consisted of the following at September 30, 2013 and December 31, 2012: | |||||||||||||||||
September 30, | December 31, | ||||||||||||||||
2013 | 2012 | ||||||||||||||||
Senior unsecured notes: | |||||||||||||||||
5.875% Senior Notes due 2013 | $ | — | $ | 299,985 | |||||||||||||
7.375% Senior Notes due 2014 | 249,922 | 249,799 | |||||||||||||||
3.45% Senior Notes due 2015 | 350,000 | 350,000 | |||||||||||||||
3.05% Senior Notes due 2016 | 299,963 | 299,952 | |||||||||||||||
2.50% Senior Notes due 2017 | 299,877 | 299,852 | |||||||||||||||
7.50% Senior Notes due 2019 | 201,695 | 201,695 | |||||||||||||||
4.90% Senior Notes due 2020 | 498,991 | 498,900 | |||||||||||||||
4.625% Senior Notes due 2021 | 399,563 | 399,527 | |||||||||||||||
3.95% Senior Notes due 2022 | 399,157 | 399,095 | |||||||||||||||
6.20% Senior Notes due 2040 | 399,892 | 399,891 | |||||||||||||||
6.05% Senior Notes due 2041 | 397,638 | 397,613 | |||||||||||||||
5.25% Senior Notes due 2042 | 498,276 | 498,257 | |||||||||||||||
Total senior unsecured notes | 3,994,974 | 4,294,566 | |||||||||||||||
Commercial paper program | 1,312,864 | 339,809 | |||||||||||||||
Total long-term debt | $ | 5,307,838 | $ | 4,634,375 | |||||||||||||
Estimated Fair Value of Our Long-Term Debt | ' | ||||||||||||||||
The following table presents the estimated fair value of our long-term debt as of September 30, 2013 and December 31, 2012, respectively: | |||||||||||||||||
September 30, 2013 | December 31, 2012 | ||||||||||||||||
Carrying | Estimated | Carrying | Estimated | ||||||||||||||
Value | Fair Value | Value | Fair Value | ||||||||||||||
Senior unsecured notes: | |||||||||||||||||
5.875% Senior Notes due 2013 | $ | — | $ | — | $ | 299,985 | $ | 305,594 | |||||||||
7.375% Senior Notes due 2014 | 249,922 | 257,442 | 249,799 | 269,008 | |||||||||||||
3.45% Senior Notes due 2015 | 350,000 | 363,551 | 350,000 | 368,824 | |||||||||||||
3.05% Senior Notes due 2016 | 299,963 | 309,374 | 299,952 | 316,268 | |||||||||||||
2.50% Senior Notes due 2017 | 299,877 | 301,995 | 299,852 | 309,846 | |||||||||||||
7.50% Senior Notes due 2019 | 201,695 | 235,014 | 201,695 | 249,358 | |||||||||||||
4.90% Senior Notes due 2020 | 498,991 | 523,400 | 498,900 | 562,530 | |||||||||||||
4.625% Senior Notes due 2021 | 399,563 | 407,416 | 399,527 | 442,776 | |||||||||||||
3.95% Senior Notes due 2022 | 399,157 | 385,207 | 399,095 | 422,227 | |||||||||||||
6.20% Senior Notes due 2040 | 399,892 | 407,789 | 399,891 | 477,327 | |||||||||||||
6.05% Senior Notes due 2041 | 397,638 | 400,740 | 397,613 | 468,256 | |||||||||||||
5.25% Senior Notes due 2042 | 498,276 | 451,050 | 498,257 | 533,422 | |||||||||||||
Total senior unsecured notes | 3,994,974 | 4,042,978 | 4,294,566 | 4,725,436 | |||||||||||||
Commercial paper program | 1,312,864 | 1,312,864 | 339,809 | 339,809 | |||||||||||||
Total long-term debt | $ | 5,307,838 | $ | 5,355,842 | $ | 4,634,375 | $ | 5,065,245 | |||||||||
Employee_Benefit_Plans_Tables
Employee Benefit Plans (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Compensation And Retirement Disclosure [Abstract] | ' | ||||||||||||||||
Pension Costs | ' | ||||||||||||||||
Pension costs include the following components: | |||||||||||||||||
Three Months Ended September 30, | |||||||||||||||||
2013 | 2012 | ||||||||||||||||
Non-U.S. | U.S. | Non-U.S. | U.S. | ||||||||||||||
Service cost | $ | 1,361 | $ | 2,681 | $ | 1,072 | $ | 2,431 | |||||||||
Interest cost | 1,259 | 2,263 | 1,317 | 2,196 | |||||||||||||
Return on plan assets | (1,443 | ) | (3,275 | ) | (1,313 | ) | (2,793 | ) | |||||||||
Amortization of prior service cost | — | 57 | — | 57 | |||||||||||||
Recognized net actuarial loss | 426 | 1,910 | 199 | 1,885 | |||||||||||||
Net pension expense | $ | 1,603 | $ | 3,636 | $ | 1,275 | $ | 3,776 | |||||||||
Nine Months Ended September 30, | |||||||||||||||||
2013 | 2012 | ||||||||||||||||
Non-U.S. | U.S. | Non-U.S. | U.S. | ||||||||||||||
Service cost | $ | 4,089 | $ | 8,043 | $ | 3,306 | $ | 7,237 | |||||||||
Interest cost | 3,793 | 6,787 | 4,025 | 6,556 | |||||||||||||
Return on plan assets | (4,351 | ) | (9,827 | ) | (4,001 | ) | (8,379 | ) | |||||||||
Amortization of prior service cost | — | 171 | — | 171 | |||||||||||||
Recognized net actuarial loss | 1,226 | 5,730 | 600 | 5,563 | |||||||||||||
Net pension expense | $ | 4,757 | $ | 10,904 | $ | 3,930 | $ | 11,148 | |||||||||
Derivative_Instruments_and_Hed1
Derivative Instruments and Hedging Activities (Tables) | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||
Derivative Instruments And Hedging Activities Disclosure [Abstract] | ' | ||||||||||||||||||||||||
Net Unrealized Loss Related to Cash Flow Hedges Included in Accumulated Other Comprehensive Loss | ' | ||||||||||||||||||||||||
The balance of the net unrealized gain related to our cash flow hedges included in AOCL and related activity is as follows: | |||||||||||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||||||||||
September 30, | September 30, | ||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||||||||||
Net unrealized loss at beginning of period | $ | (4,731 | ) | $ | — | $ | — | $ | (3,061 | ) | |||||||||||||||
Activity during period: | |||||||||||||||||||||||||
Settlement of foreign currency forward contracts during the period | 2,849 | — | — | 3,061 | |||||||||||||||||||||
Net unrealized gain on outstanding foreign currency forward contracts | 2,471 | — | 589 | — | |||||||||||||||||||||
Net unrealized gain at end of period | $ | 589 | $ | — | $ | 589 | $ | — | |||||||||||||||||
Summarize Financial Statement Presentation and Fair Value of Derivative Positions | ' | ||||||||||||||||||||||||
The following tables, together with Note 13, summarize the financial statement presentation and fair value of our derivative positions as of September 30, 2013 and December 31, 2012: | |||||||||||||||||||||||||
Estimated fair value | |||||||||||||||||||||||||
Balance sheet classification | September 30, | December 31, | |||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||
Asset derivatives | |||||||||||||||||||||||||
Cash flow hedges | |||||||||||||||||||||||||
Short-term foreign currency forward contracts | Other current assets | $ | 1,927 | $ | — | ||||||||||||||||||||
Liability derivatives | |||||||||||||||||||||||||
Cash flow hedges | |||||||||||||||||||||||||
Short-term foreign currency forward contracts | Other current liabilities | $ | 1,338 | $ | — | ||||||||||||||||||||
Summarization of Recognized Gains and Losses of Cash Flow Hedges | ' | ||||||||||||||||||||||||
To supplement the fair value disclosures in Note 13, the following summarizes the recognized gains and losses of cash flow hedges through AOCL or through “other income” for the three months ended September 30, 2013 and 2012: | |||||||||||||||||||||||||
Gain/(loss) recognized | Gain/(loss) reclassified | Gain/(loss) recognized | |||||||||||||||||||||||
through AOCL | from AOCL to | through “other | |||||||||||||||||||||||
“other income” | income” | ||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | 2013 | 2012 | ||||||||||||||||||||
Cash flow hedges | |||||||||||||||||||||||||
Foreign currency forward contracts | $ | 2,471 | $ | — | $ | 2,849 | $ | — | $ | — | $ | — | |||||||||||||
To supplement the fair value disclosures in Note 13, the following summarizes the recognized gains and losses of cash flow hedges through AOCL or through “other income” for the nine months ended September 30, 2013 and 2012: | |||||||||||||||||||||||||
Gain/(loss) recognized | Gain/(loss) reclassified | Gain/(loss) recognized | |||||||||||||||||||||||
through AOCL | from AOCL to | through “other | |||||||||||||||||||||||
“other income” | income” | ||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | 2013 | 2012 | ||||||||||||||||||||
Cash flow hedges | |||||||||||||||||||||||||
Foreign currency forward contracts | $ | (2,525 | ) | $ | — | $ | 3,114 | $ | 3,061 | $ | — | $ | — |
Fair_Value_of_Financial_Instru1
Fair Value of Financial Instruments (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||
Carrying Amount and Estimated Fair Value of Financial Instruments | ' | ||||||||||||||||
The following table presents the carrying amount and estimated fair value of our financial instruments recognized at fair value on a recurring basis: | |||||||||||||||||
September 30, 2013 | |||||||||||||||||
Estimated Fair Value Measurements | |||||||||||||||||
Quoted | Significant | ||||||||||||||||
Prices in | Other | Significant | |||||||||||||||
Active | Observable | Unobservable | |||||||||||||||
Carrying | Markets | Inputs | Inputs | ||||||||||||||
Amount | (Level 1) | (Level 2) | (Level 3) | ||||||||||||||
Assets— | |||||||||||||||||
Marketable securities | $ | 7,072 | $ | 7,072 | $ | — | $ | — | |||||||||
Foreign currency forward contracts | 1,927 | — | 1,927 | — | |||||||||||||
Liabilities— | |||||||||||||||||
Foreign currency forward contracts | $ | 1,338 | $ | — | $ | 1,338 | $ | — | |||||||||
December 31, 2012 | |||||||||||||||||
Estimated Fair Value Measurements | |||||||||||||||||
Quoted | Significant | ||||||||||||||||
Prices in | Other | Significant | |||||||||||||||
Active | Observable | Unobservable | |||||||||||||||
Carrying | Markets | Inputs | Inputs | ||||||||||||||
Amount | (Level 1) | (Level 2) | (Level 3) | ||||||||||||||
Assets— | |||||||||||||||||
Marketable securities | $ | 5,816 | $ | 5,816 | $ | — | $ | — |
Accumulated_Other_Comprehensiv1
Accumulated Other Comprehensive Loss (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Text Block [Abstract] | ' | ||||||||||||||||
Changes in AOCL by Component | ' | ||||||||||||||||
The following tables set forth the changes in AOCL by component for the three and nine months ended September 30, 2013. All amounts within the tables are shown net of tax. | |||||||||||||||||
Three months ended September 30, 2013 | |||||||||||||||||
Gain / (Loss) | Defined | ||||||||||||||||
on | Benefit | Foreign | |||||||||||||||
Cash Flow | Pension | Currency | |||||||||||||||
Hedges(1) | Items(2) | Items | Total | ||||||||||||||
Balance at beginning of period | $ | (4,731 | ) | $ | (91,797 | ) | $ | (19,901 | ) | $ | (116,429 | ) | |||||
Activity during period: | |||||||||||||||||
Other comprehensive income/(loss) before reclassifications | 2,471 | — | (1,135 | ) | 1,336 | ||||||||||||
Amounts reclassified from AOCL | 2,849 | 1,661 | — | 4,510 | |||||||||||||
Net current period other comprehensive income/(loss) | 5,320 | 1,661 | (1,135 | ) | 5,846 | ||||||||||||
Balance at end of period | $ | 589 | $ | (90,136 | ) | $ | (21,036 | ) | $ | (110,583 | ) | ||||||
Nine months ended September 30, 2013 | |||||||||||||||||
Defined | |||||||||||||||||
Gain on | Benefit | Foreign | |||||||||||||||
Cash Flow | Pension | Currency | |||||||||||||||
Hedges(1) | Items(2) | Items | Total | ||||||||||||||
Balance at beginning of period | $ | — | $ | (95,071 | ) | $ | (20,378 | ) | $ | (115,449 | ) | ||||||
Activity during period: | |||||||||||||||||
Other comprehensive income/(loss) before reclassifications | 589 | — | (658 | ) | (69 | ) | |||||||||||
Amounts reclassified from AOCL | — | 4,935 | — | 4,935 | |||||||||||||
Net current period other comprehensive income/(loss) | 589 | 4,935 | (658 | ) | 4,866 | ||||||||||||
Balance at end of period | $ | 589 | $ | (90,136 | ) | $ | (21,036 | ) | $ | (110,583 | ) | ||||||
-1 | Gain / (loss) on cash flow hedges are related to our foreign currency forward contracts. Reclassifications from AOCL are recognized through “other income” on our Consolidated Statement of Income. See Note 12 for additional information. | ||||||||||||||||
-2 | Defined benefit pension items relate to actuarial losses and the amortization of prior service costs. Reclassifications from AOCL are recognized as expense on our Consolidated Statement of Income through either “contract drilling services” or “general and administrative”. See Note 11 for additional information |
Segment_and_Related_Informatio1
Segment and Related Information (Tables) | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||
Segment Reporting [Abstract] | ' | ||||||||||||||||||||||||
Summarized Financial Information of Reportable Segment | ' | ||||||||||||||||||||||||
As a result, the summarized financial information for Noble-Cayman is substantially the same as Noble-Swiss. | |||||||||||||||||||||||||
Three Months Ended September 30, | |||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||
Contract | Contract | ||||||||||||||||||||||||
Drilling | Drilling | ||||||||||||||||||||||||
Services | Other | Total | Services | Other | Total | ||||||||||||||||||||
Revenues from external customers | $ | 1,069,986 | $ | 8,895 | $ | 1,078,881 | $ | 860,315 | $ | 23,717 | $ | 884,032 | |||||||||||||
Depreciation and amortization | 219,695 | 4,016 | 223,711 | 191,638 | 3,449 | 195,087 | |||||||||||||||||||
Segment operating income/(loss) | 382,475 | (4,094 | ) | 378,381 | 173,285 | 5,639 | 178,924 | ||||||||||||||||||
Interest expense, net of amount capitalized | (317 | ) | (22,832 | ) | (23,149 | ) | (121 | ) | (25,514 | ) | (25,635 | ) | |||||||||||||
Income tax (provision)/benefit | (59,854 | ) | 4,024 | (55,830 | ) | (28,307 | ) | 3,145 | (25,162 | ) | |||||||||||||||
Segment profit/(loss) | 303,617 | (21,660 | ) | 281,957 | 130,983 | (16,209 | ) | 114,774 | |||||||||||||||||
Total assets (at end of period) | 15,058,076 | 671,255 | 15,729,331 | 13,983,223 | 477,183 | 14,460,406 | |||||||||||||||||||
Nine Months Ended September 30, | |||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||
Contract | Contract | ||||||||||||||||||||||||
Drilling | Drilling | ||||||||||||||||||||||||
Services | Other | Total | Services | Other | Total | ||||||||||||||||||||
Revenues from external customers | $ | 3,022,966 | $ | 44,275 | $ | 3,067,241 | $ | 2,519,930 | $ | 60,715 | $ | 2,580,645 | |||||||||||||
Depreciation and amortization | 631,396 | 11,060 | 642,456 | 539,698 | 10,081 | 549,779 | |||||||||||||||||||
Segment operating income | 861,219 | 813 | 862,032 | 559,713 | 7,349 | 567,062 | |||||||||||||||||||
Interest expense, net of amount capitalized | (539 | ) | (74,576 | ) | (75,115 | ) | (315 | ) | (56,468 | ) | (56,783 | ) | |||||||||||||
Income tax (provision)/benefit | (138,695 | ) | 11,689 | (127,006 | ) | (102,005 | ) | 8,898 | (93,107 | ) | |||||||||||||||
Segment profit/(loss) | 669,107 | (60,470 | ) | 608,637 | 434,561 | (39,794 | ) | 394,767 | |||||||||||||||||
Total assets (at end of period) | 15,058,076 | 671,255 | 15,729,331 | 13,983,223 | 477,183 | 14,460,406 |
Net_Change_in_Other_Assets_and1
Net Change in Other Assets and Liabilities (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Supplemental Cash Flow Elements [Abstract] | ' | ||||||||||||||||
Effect of Changes in Other Assets and Liabilities on Cash Flows from Operating Activities | ' | ||||||||||||||||
The net effect of changes in other assets and liabilities on cash flows from operating activities is as follows: | |||||||||||||||||
Noble-Swiss | Noble-Cayman | ||||||||||||||||
Nine months ended | Nine months ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
Accounts receivable | $ | (92,073 | ) | $ | (163,051 | ) | $ | (92,073 | ) | $ | (163,051 | ) | |||||
Other current assets | (50,738 | ) | (58,303 | ) | (49,791 | ) | (59,764 | ) | |||||||||
Other assets | (8,129 | ) | (25,543 | ) | (8,133 | ) | (25,546 | ) | |||||||||
Accounts payable | 9,357 | 29,470 | 7,830 | 29,353 | |||||||||||||
Other current liabilities | 4,042 | 76,035 | 4,702 | 79,436 | |||||||||||||
Other liabilities | 35,231 | 70,382 | 35,227 | 64,215 | |||||||||||||
$ | (102,310 | ) | $ | (71,010 | ) | $ | (102,238 | ) | $ | (75,357 | ) | ||||||
Guarantees_of_Registered_Secur1
Guarantees of Registered Securities (Tables) | 9 Months Ended | ||||||||||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||||||||||
Organization Consolidation And Presentation Of Financial Statements [Abstract] | ' | ||||||||||||||||||||||||||||||||
Guarantor Obligations | ' | ||||||||||||||||||||||||||||||||
Noble-Cayman, or one or more subsidiaries of Noble-Cayman, are a co-issuer or guarantor or otherwise obligated as of September 30, 2013 as follows: | |||||||||||||||||||||||||||||||||
Issuer | |||||||||||||||||||||||||||||||||
Notes | (Co-Issuer(s)) | Guarantor(s) | |||||||||||||||||||||||||||||||
$250 million 7.375% Senior Notes due 2014 | NHIL | Noble-Cayman | |||||||||||||||||||||||||||||||
$350 million 3.45% Senior Notes due 2015 | NHIL | Noble-Cayman | |||||||||||||||||||||||||||||||
$300 million 3.05% Senior Notes due 2016 | NHIL | Noble-Cayman | |||||||||||||||||||||||||||||||
$300 million 2.50% Senior Notes due 2017 | NHIL | Noble-Cayman | |||||||||||||||||||||||||||||||
$202 million 7.50% Senior Notes due 2019 | NDC; | Noble-Cayman; | |||||||||||||||||||||||||||||||
Noble Drilling | Noble Holding (U.S.) | ||||||||||||||||||||||||||||||||
Services 6 LLC (“NDS6”) | Corporation (“NHC”); | ||||||||||||||||||||||||||||||||
Noble Drilling | |||||||||||||||||||||||||||||||||
Holding LLC (“NDH”) | |||||||||||||||||||||||||||||||||
$500 million 4.90% Senior Notes due 2020 | NHIL | Noble-Cayman | |||||||||||||||||||||||||||||||
$400 million 4.625% Senior Notes due 2021 | NHIL | Noble-Cayman | |||||||||||||||||||||||||||||||
$400 million 3.95% Senior Notes due 2022 | NHIL | Noble-Cayman | |||||||||||||||||||||||||||||||
$400 million 6.20% Senior Notes due 2040 | NHIL | Noble-Cayman | |||||||||||||||||||||||||||||||
$400 million 6.05% Senior Notes due 2041 | NHIL | Noble-Cayman | |||||||||||||||||||||||||||||||
$500 million 5.25% Senior Notes due 2042 | NHIL | Noble-Cayman | |||||||||||||||||||||||||||||||
Summary of Impact of Change in Presentation on Historical Condensed Consolidating Balance Sheet and Condensed Consolidating Statement of Income | ' | ||||||||||||||||||||||||||||||||
During the first quarter of 2013, we amended the presentation of this limited partnership interest in the Other Non-guarantor Subsidiaries of Noble column to correctly present it as a noncontrolling interest and to record the income attributable to NDC as Net Income Attributable to Noncontrolling Interests. We also made appropriate adjustments to the Consolidating Adjustments column. We concluded these errors were not material individually or in the aggregate to any of the previously issued financial statements taken as a whole. The following chart presents the impact of this change in presentation in the Other Non-Guarantor Subsidiaries of Noble and Consolidating Adjustments columns on the historical Condensed Consolidating Balance Sheet and Condensed Consolidating Statement of Income. The revisions below did not impact our Condensed Consolidating Statement of Cash Flows. | |||||||||||||||||||||||||||||||||
Other Non-Guarantor | |||||||||||||||||||||||||||||||||
Subsidiaries of Noble | Consolidating Adjustments | ||||||||||||||||||||||||||||||||
As reported | As adjusted | As reported | As adjusted | ||||||||||||||||||||||||||||||
December 31, 2010 | |||||||||||||||||||||||||||||||||
Income statement- Twelve months ended | |||||||||||||||||||||||||||||||||
Net income | $ | 1,023,782 | $ | 1,023,782 | $ | (2,963,512 | ) | $ | (2,963,512 | ) | |||||||||||||||||||||||
Net income attributable to noncontrolling interests | (3 | ) | (41,889 | ) | — | 41,886 | |||||||||||||||||||||||||||
Net income attributable to Noble Corporation | $ | 1,023,779 | $ | 981,893 | $ | (2,963,512 | ) | $ | (2,921,626 | ) | |||||||||||||||||||||||
December 31, 2011 | |||||||||||||||||||||||||||||||||
Income statement- Twelve months ended | |||||||||||||||||||||||||||||||||
Net income | $ | 634,128 | $ | 634,128 | $ | (1,758,285 | ) | $ | (1,758,285 | ) | |||||||||||||||||||||||
Net loss attributable to noncontrolling interests | 7,273 | (15,808 | ) | — | 23,081 | ||||||||||||||||||||||||||||
Net income attributable to Noble Corporation | $ | 641,401 | $ | 618,320 | $ | (1,758,285 | ) | $ | (1,735,204 | ) | |||||||||||||||||||||||
Balance Sheet | |||||||||||||||||||||||||||||||||
Total shareholder equity | $ | 9,853,129 | $ | 9,483,809 | $ | (28,268,572 | ) | $ | (27,899,252 | ) | |||||||||||||||||||||||
Noncontrolling interests | 691,331 | 1,060,651 | — | (369,320 | ) | ||||||||||||||||||||||||||||
Total equity | $ | 10,544,460 | $ | 10,544,460 | $ | (28,268,572 | ) | $ | (28,268,572 | ) | |||||||||||||||||||||||
March 31, 2012 | |||||||||||||||||||||||||||||||||
Income statement- Three months ended | |||||||||||||||||||||||||||||||||
Net income | $ | 173,657 | $ | 173,657 | $ | (591,588 | ) | $ | (591,588 | ) | |||||||||||||||||||||||
Net income attributable to noncontrolling interests | 6,832 | (1,196 | ) | — | 8,028 | ||||||||||||||||||||||||||||
Net income attributable to Noble Corporation | $ | 180,489 | $ | 172,461 | $ | (591,588 | ) | $ | (583,560 | ) | |||||||||||||||||||||||
June 30, 2012 | |||||||||||||||||||||||||||||||||
Income statement- Three months ended | |||||||||||||||||||||||||||||||||
Net income | $ | 253,086 | $ | 253,086 | $ | (662,439 | ) | $ | (662,439 | ) | |||||||||||||||||||||||
Net income attributable to noncontrolling interests | (18,857 | ) | (29,201 | ) | — | 10,344 | |||||||||||||||||||||||||||
Net income attributable to Noble Corporation | $ | 234,229 | $ | 223,885 | $ | (662,439 | ) | $ | (652,095 | ) | |||||||||||||||||||||||
Income statement- Six months ended | |||||||||||||||||||||||||||||||||
Net income | $ | 426,743 | $ | 426,743 | $ | (1,254,027 | ) | $ | (1,254,027 | ) | |||||||||||||||||||||||
Net income attributable to noncontrolling interests | (12,025 | ) | (30,397 | ) | — | 18,372 | |||||||||||||||||||||||||||
Net income attributable to Noble Corporation | $ | 414,718 | $ | 396,346 | $ | (1,254,027 | ) | $ | (1,235,655 | ) | |||||||||||||||||||||||
September 30, 2012 | |||||||||||||||||||||||||||||||||
Income statement- Three months ended | |||||||||||||||||||||||||||||||||
Net income | $ | 211,597 | $ | 211,597 | $ | (569,368 | ) | $ | (569,368 | ) | |||||||||||||||||||||||
Net income attributable to noncontrolling interests | (14,906 | ) | (22,246 | ) | — | 7,340 | |||||||||||||||||||||||||||
Net income attributable to Noble Corporation | $ | 196,691 | $ | 189,351 | $ | (569,368 | ) | $ | (562,028 | ) | |||||||||||||||||||||||
Income statement- Nine months ended | |||||||||||||||||||||||||||||||||
Net income | $ | 638,340 | $ | 638,340 | $ | (1,823,395 | ) | $ | (1,823,395 | ) | |||||||||||||||||||||||
Net income attributable to noncontrolling interests | (26,931 | ) | (52,643 | ) | — | 25,712 | |||||||||||||||||||||||||||
Net income attributable to Noble Corporation | $ | 611,409 | $ | 585,697 | $ | (1,823,395 | ) | $ | (1,797,683 | ) | |||||||||||||||||||||||
Other Non-Guarantor | |||||||||||||||||||||||||||||||||
Subsidiaries of Noble | Consolidating Adjustments | ||||||||||||||||||||||||||||||||
As reported | As adjusted | As reported | As adjusted | ||||||||||||||||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||||||||||
Income statement- Twelve months ended | |||||||||||||||||||||||||||||||||
Net income | $ | 280,763 | $ | 280,763 | $ | (1,891,202 | ) | $ | (1,891,202 | ) | |||||||||||||||||||||||
Net income attributable to noncontrolling interests | (33,793 | ) | (68,969 | ) | — | 35,176 | |||||||||||||||||||||||||||
Net income attributable to Noble Corporation | $ | 246,970 | $ | 211,794 | $ | (1,891,202 | ) | $ | (1,856,026 | ) | |||||||||||||||||||||||
Balance Sheet | |||||||||||||||||||||||||||||||||
Total shareholder equity | $ | 9,913,839 | $ | 9,509,343 | $ | (29,719,135 | ) | $ | (29,314,639 | ) | |||||||||||||||||||||||
Noncontrolling interests | 765,124 | 1,169,620 | — | (404,496 | ) | ||||||||||||||||||||||||||||
Total equity | $ | 10,678,963 | $ | 10,678,963 | $ | (29,719,135 | ) | $ | (29,719,135 | ) | |||||||||||||||||||||||
Condensed Financial Statements | ' | ||||||||||||||||||||||||||||||||
NOBLE CORPORATION (NOBLE-CAYMAN) AND SUBSIDIARIES | |||||||||||||||||||||||||||||||||
CONDENSED CONSOLIDATING BALANCE SHEET | |||||||||||||||||||||||||||||||||
September 30, 2013 | |||||||||||||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||||||||||
Noble- | NHC and NDH | Subsidiaries | Consolidating | ||||||||||||||||||||||||||||||
Cayman | Combined | NDC | NHIL | NDS6 | of Noble | Adjustments | Total | ||||||||||||||||||||||||||
ASSETS | |||||||||||||||||||||||||||||||||
Current assets | |||||||||||||||||||||||||||||||||
Cash and cash equivalents | $ | 5 | $ | 123 | $ | — | $ | 8 | $ | — | $ | 173,581 | $ | — | $ | 173,717 | |||||||||||||||||
Accounts receivable | — | 59,250 | 3,388 | — | — | 803,108 | — | 865,746 | |||||||||||||||||||||||||
Taxes receivable | — | 41,407 | — | — | — | 101,831 | — | 143,238 | |||||||||||||||||||||||||
Prepaid expenses | — | 749 | 8 | — | — | 48,572 | — | 49,329 | |||||||||||||||||||||||||
Short-term notes receivable from affiliates | — | 869,476 | — | — | 606,269 | 319,201 | (1,794,946 | ) | — | ||||||||||||||||||||||||
Accounts receivable from affiliates | 978,461 | 157,252 | 1,154,776 | 172,379 | 65,991 | 6,311,688 | (8,840,547 | ) | — | ||||||||||||||||||||||||
Other current assets | — | 4,418 | 196 | — | — | 129,390 | — | 134,004 | |||||||||||||||||||||||||
Total current assets | 978,466 | 1,132,675 | 1,158,368 | 172,387 | 672,260 | 7,887,371 | (10,635,493 | ) | 1,366,034 | ||||||||||||||||||||||||
Property and equipment, at cost | — | 2,518,896 | 77,253 | — | — | 15,973,482 | — | 18,569,631 | |||||||||||||||||||||||||
Accumulated depreciation | — | (328,045 | ) | (61,592 | ) | — | — | (4,136,365 | ) | — | (4,526,002 | ) | |||||||||||||||||||||
Property and equipment, net | — | 2,190,851 | 15,661 | — | — | 11,837,117 | — | 14,043,629 | |||||||||||||||||||||||||
Notes receivable from affiliates | 3,816,463 | 675,000 | — | 3,524,814 | 5,000 | 1,827,879 | (9,849,156 | ) | — | ||||||||||||||||||||||||
Investments in affiliates | 8,507,009 | 12,100,603 | 3,310,205 | 8,521,927 | 2,332,612 | — | (34,772,356 | ) | — | ||||||||||||||||||||||||
Other assets | 6,144 | 5,266 | 266 | 23,395 | 668 | 246,217 | — | 281,956 | |||||||||||||||||||||||||
Total assets | $ | 13,308,082 | $ | 16,104,395 | $ | 4,484,500 | $ | 12,242,523 | $ | 3,010,540 | $ | 21,798,584 | $ | (55,257,005 | ) | $ | 15,691,619 | ||||||||||||||||
LIABILITIES AND EQUITY | |||||||||||||||||||||||||||||||||
Current liabilities | |||||||||||||||||||||||||||||||||
Short-term notes payables from affiliates | $ | 78,016 | $ | 127,036 | $ | 114,149 | $ | — | $ | 750,000 | $ | 725,745 | $ | (1,794,946 | ) | $ | — | ||||||||||||||||
Accounts payable | — | 4,338 | 537 | — | — | 311,058 | — | 315,933 | |||||||||||||||||||||||||
Accrued payroll and related costs | — | 8,085 | 8,865 | — | — | 112,220 | — | 129,170 | |||||||||||||||||||||||||
Accounts payable to affiliates | 1,061,152 | 4,998,213 | 3,908 | 236,008 | 77,296 | 2,463,970 | (8,840,547 | ) | — | ||||||||||||||||||||||||
Taxes payable | — | 13,434 | 9 | — | — | 116,628 | — | 130,071 | |||||||||||||||||||||||||
Other current liabilities | 496 | 5,270 | 240 | 17,128 | 630 | 178,658 | — | 202,422 | |||||||||||||||||||||||||
Total current liabilities | 1,139,664 | 5,156,376 | 127,708 | 253,136 | 827,926 | 3,908,279 | (10,635,493 | ) | 777,596 | ||||||||||||||||||||||||
Long-term debt | 1,312,864 | — | — | 3,793,279 | 201,695 | — | — | 5,307,838 | |||||||||||||||||||||||||
Notes payable to affiliates | 2,557,787 | 586,979 | — | 975,000 | 811,000 | 4,918,390 | (9,849,156 | ) | — | ||||||||||||||||||||||||
Deferred income taxes | — | — | 15,731 | — | — | 171,917 | — | 187,648 | |||||||||||||||||||||||||
Other liabilities | 19,930 | 23,106 | — | — | — | 349,407 | — | 392,443 | |||||||||||||||||||||||||
Total liabilities | 5,030,245 | 5,766,461 | 143,439 | 5,021,415 | 1,840,621 | 9,347,993 | (20,484,649 | ) | 6,665,525 | ||||||||||||||||||||||||
Commitments and contingencies | |||||||||||||||||||||||||||||||||
Total shareholder equity | 8,277,837 | 10,337,934 | 4,341,061 | 7,221,108 | 1,169,919 | 11,261,974 | (34,331,996 | ) | 8,277,837 | ||||||||||||||||||||||||
Noncontrolling interest | — | — | — | — | — | 1,188,617 | (440,360 | ) | 748,257 | ||||||||||||||||||||||||
Total equity | 8,277,837 | 10,337,934 | 4,341,061 | 7,221,108 | 1,169,919 | 12,450,591 | (34,772,356 | ) | 9,026,094 | ||||||||||||||||||||||||
Total liabilities and equity | $ | 13,308,082 | $ | 16,104,395 | $ | 4,484,500 | $ | 12,242,523 | $ | 3,010,540 | $ | 21,798,584 | $ | (55,257,005 | ) | $ | 15,691,619 | ||||||||||||||||
NOBLE CORPORATION (NOBLE-CAYMAN) AND SUBSIDIARIES | |||||||||||||||||||||||||||||||||
CONDENSED CONSOLIDATING BALANCE SHEET | |||||||||||||||||||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||||||||||
Other | |||||||||||||||||||||||||||||||||
Non-guarantor | |||||||||||||||||||||||||||||||||
Noble- | NHC and NDH | Subsidiaries | Consolidating | ||||||||||||||||||||||||||||||
Cayman | Combined | NDC | NHIL | NDS6 | of Noble | Adjustments | Total | ||||||||||||||||||||||||||
ASSETS | |||||||||||||||||||||||||||||||||
Current assets | |||||||||||||||||||||||||||||||||
Cash and cash equivalents | $ | 1,003 | $ | 904 | $ | — | $ | 2 | $ | — | $ | 275,466 | $ | — | $ | 277,375 | |||||||||||||||||
Accounts receivable | — | 14,885 | 3,335 | — | — | 725,453 | — | 743,673 | |||||||||||||||||||||||||
Taxes receivable | — | 8,341 | — | — | — | 103,969 | — | 112,310 | |||||||||||||||||||||||||
Prepaid expenses | — | 396 | 9 | — | — | 40,827 | — | 41,232 | |||||||||||||||||||||||||
Short-term notes receivable from affiliates | — | 119,476 | — | — | 586,769 | 252,138 | (958,383 | ) | — | ||||||||||||||||||||||||
Accounts receivable from affiliates | 664,375 | 140,014 | 1,015,204 | 526,483 | 38,895 | 5,855,066 | (8,240,037 | ) | — | ||||||||||||||||||||||||
Other current assets | 235 | 639 | 196 | — | — | 121,579 | — | 122,649 | |||||||||||||||||||||||||
Total current assets | 665,613 | 284,655 | 1,018,744 | 526,485 | 625,664 | 7,374,498 | (9,198,420 | ) | 1,297,239 | ||||||||||||||||||||||||
Property and equipment, at cost | — | 2,735,223 | 76,428 | — | — | 14,123,496 | — | 16,935,147 | |||||||||||||||||||||||||
Accumulated depreciation | — | (283,028 | ) | (58,411 | ) | — | — | (3,597,079 | ) | — | (3,938,518 | ) | |||||||||||||||||||||
Property and equipment, net | — | 2,452,195 | 18,017 | — | — | 10,526,417 | — | 12,996,629 | |||||||||||||||||||||||||
Notes receivable from affiliates | 3,816,463 | 1,206,000 | — | 3,524,814 | 479,107 | 2,171,875 | (11,198,259 | ) | — | ||||||||||||||||||||||||
Investments in affiliates | 7,770,066 | 9,170,923 | 3,386,879 | 7,413,361 | 1,977,906 | — | (29,719,135 | ) | — | ||||||||||||||||||||||||
Other assets | 5,798 | 320 | 543 | 25,895 | 759 | 243,243 | — | 276,558 | |||||||||||||||||||||||||
Total assets | $ | 12,257,940 | $ | 13,114,093 | $ | 4,424,183 | $ | 11,490,555 | $ | 3,083,436 | $ | 20,316,033 | $ | (50,115,814 | ) | $ | 14,570,426 | ||||||||||||||||
LIABILITIES AND EQUITY | |||||||||||||||||||||||||||||||||
Current liabilities | |||||||||||||||||||||||||||||||||
Short-term notes payables from affiliates | $ | 90,314 | $ | 51,054 | $ | 110,770 | $ | — | $ | — | $ | 706,245 | $ | (958,383 | ) | $ | — | ||||||||||||||||
Accounts payable | — | 6,522 | 1,183 | — | — | 341,889 | — | 349,594 | |||||||||||||||||||||||||
Accrued payroll and related costs | — | 6,176 | 7,611 | — | — | 110,149 | — | 123,936 | |||||||||||||||||||||||||
Accounts payable to affiliates | 900,063 | 4,806,235 | 5,444 | 165,065 | 77,075 | 2,286,155 | (8,240,037 | ) | — | ||||||||||||||||||||||||
Taxes payable | — | 9,152 | — | — | — | 121,692 | — | 130,844 | |||||||||||||||||||||||||
Other current liabilities | 1,594 | — | 240 | 62,430 | 4,412 | 158,259 | — | 226,935 | |||||||||||||||||||||||||
Total current liabilities | 991,971 | 4,879,139 | 125,248 | 227,495 | 81,487 | 3,724,389 | (9,198,420 | ) | 831,309 | ||||||||||||||||||||||||
Long-term debt | 639,794 | — | — | 3,792,886 | 201,695 | — | — | 4,634,375 | |||||||||||||||||||||||||
Notes payable to affiliates | 2,840,287 | 648,475 | — | 975,000 | 1,342,000 | 5,392,497 | (11,198,259 | ) | — | ||||||||||||||||||||||||
Deferred income taxes | — | — | 15,731 | — | — | 210,314 | — | 226,045 | |||||||||||||||||||||||||
Other liabilities | 19,930 | 17,815 | — | — | — | 309,870 | — | 347,615 | |||||||||||||||||||||||||
Total liabilities | 4,491,982 | 5,545,429 | 140,979 | 4,995,381 | 1,625,182 | 9,637,070 | (20,396,679 | ) | 6,039,344 | ||||||||||||||||||||||||
Commitments and contingencies | |||||||||||||||||||||||||||||||||
Total shareholder equity | 7,765,958 | 7,568,664 | 4,283,204 | 6,495,174 | 1,458,254 | 9,509,343 | (29,314,639 | ) | 7,765,958 | ||||||||||||||||||||||||
Noncontrolling interest | — | — | — | — | — | 1,169,620 | (404,496 | ) | 765,124 | ||||||||||||||||||||||||
Total equity | 7,765,958 | 7,568,664 | 4,283,204 | 6,495,174 | 1,458,254 | 10,678,963 | (29,719,135 | ) | 8,531,082 | ||||||||||||||||||||||||
Total liabilities and equity | $ | 12,257,940 | $ | 13,114,093 | $ | 4,424,183 | $ | 11,490,555 | $ | 3,083,436 | $ | 20,316,033 | $ | (50,115,814 | ) | $ | 14,570,426 | ||||||||||||||||
NOBLE CORPORATION (NOBLE-CAYMAN) AND SUBSIDIARIES | |||||||||||||||||||||||||||||||||
CONDENSED CONSOLIDATING STATEMENT OF INCOME | |||||||||||||||||||||||||||||||||
Three Months Ended September 30, 2013 | |||||||||||||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||||||||||
Other | |||||||||||||||||||||||||||||||||
Non-guarantor | |||||||||||||||||||||||||||||||||
Noble- | NHC and NDH | Subsidiaries | Consolidating | ||||||||||||||||||||||||||||||
Cayman | Combined | NDC | NHIL | NDS6 | of Noble | Adjustments | Total | ||||||||||||||||||||||||||
Operating revenues | |||||||||||||||||||||||||||||||||
Contract drilling services | $ | — | $ | 67,831 | $ | 5,126 | $ | — | $ | — | $ | 991,221 | $ | (23,060 | ) | $ | 1,041,118 | ||||||||||||||||
Reimbursables | — | 1,796 | — | — | — | 27,446 | — | 29,242 | |||||||||||||||||||||||||
Labor contract drilling services | — | — | — | — | — | 8,493 | — | 8,493 | |||||||||||||||||||||||||
Other | — | — | — | — | — | 28 | — | 28 | |||||||||||||||||||||||||
Total operating revenues | — | 69,627 | 5,126 | — | — | 1,027,188 | (23,060 | ) | 1,078,881 | ||||||||||||||||||||||||
Operating costs and expenses | |||||||||||||||||||||||||||||||||
Contract drilling services | 1,665 | 24,776 | 2,231 | 29,339 | — | 451,162 | (23,060 | ) | 486,113 | ||||||||||||||||||||||||
Reimbursables | — | 1,509 | — | — | — | 22,162 | — | 23,671 | |||||||||||||||||||||||||
Labor contract drilling services | — | — | — | — | — | 8,153 | — | 8,153 | |||||||||||||||||||||||||
Depreciation and amortization | — | 15,937 | 1,174 | — | — | 206,065 | — | 223,176 | |||||||||||||||||||||||||
General and administrative | 252 | 831 | — | 2,672 | — | 3,496 | — | 7,251 | |||||||||||||||||||||||||
Loss on impairment | — | — | — | — | — | 3,585 | — | 3,585 | |||||||||||||||||||||||||
Gain on disposal of assets, net | — | — | — | — | — | (35,646 | ) | — | (35,646 | ) | |||||||||||||||||||||||
Gain on contract settlements/extinguishments, net | (45,000 | ) | — | — | — | — | — | — | (45,000 | ) | |||||||||||||||||||||||
Total operating costs and expenses | (43,083 | ) | 43,053 | 3,405 | 32,011 | — | 658,977 | (23,060 | ) | 671,303 | |||||||||||||||||||||||
Operating income (loss) | 43,083 | 26,574 | 1,721 | (32,011 | ) | — | 368,211 | — | 407,578 | ||||||||||||||||||||||||
Other income (expense) | |||||||||||||||||||||||||||||||||
Equity earnings in affiliates, net of tax | 301,048 | 189,686 | 40,619 | 330,102 | (1,381,410 | ) | — | 519,955 | — | ||||||||||||||||||||||||
Interest expense, net of amounts capitalized | (34,941 | ) | (5,604 | ) | (503 | ) | (32,646 | ) | (14,998 | ) | (1,548,475 | ) | 1,614,018 | (23,149 | ) | ||||||||||||||||||
Interest income and other, net | 1,664 | 20,354 | (7 | ) | 44,809 | 1,524,744 | 22,869 | (1,614,018 | ) | 415 | |||||||||||||||||||||||
Income before income taxes | 310,854 | 231,010 | 41,830 | 310,254 | 128,336 | (1,157,395 | ) | 519,955 | 384,844 | ||||||||||||||||||||||||
Income tax provision | — | (51,021 | ) | — | — | — | (4,467 | ) | — | (55,488 | ) | ||||||||||||||||||||||
Net Income | 310,854 | 179,989 | 41,830 | 310,254 | 128,336 | (1,161,862 | ) | 519,955 | 329,356 | ||||||||||||||||||||||||
Net income attributable to noncontrolling interests | — | — | — | — | — | (34,004 | ) | 15,502 | (18,502 | ) | |||||||||||||||||||||||
Net income attributable to Noble Corporation | 310,854 | 179,989 | 41,830 | 310,254 | 128,336 | (1,195,866 | ) | 535,457 | 310,854 | ||||||||||||||||||||||||
Other comprehensive income, net | 5,846 | — | — | — | — | 5,846 | (5,846 | ) | 5,846 | ||||||||||||||||||||||||
Comprehensive income attributable to Noble Corporation | $ | 316,700 | $ | 179,989 | $ | 41,830 | $ | 310,254 | $ | 128,336 | $ | (1,190,020 | ) | $ | 529,611 | $ | 316,700 | ||||||||||||||||
NOBLE CORPORATION (NOBLE-CAYMAN) AND SUBSIDIARIES | |||||||||||||||||||||||||||||||||
CONDENSED CONSOLIDATING STATEMENT OF INCOME | |||||||||||||||||||||||||||||||||
Nine Months Ended September 30, 2013 | |||||||||||||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||||||||||
Noble- | NHC and | NDC | NHIL | NDS6 | Other | Consolidating | Total | ||||||||||||||||||||||||||
Cayman | NDH | Non-guarantor | Adjustments | ||||||||||||||||||||||||||||||
Combined | Subsidiaries of | ||||||||||||||||||||||||||||||||
Noble | |||||||||||||||||||||||||||||||||
Operating revenues | |||||||||||||||||||||||||||||||||
Contract drilling services | $ | — | $ | 201,101 | $ | 15,135 | $ | — | $ | — | $ | 2,795,505 | $ | (66,431 | ) | $ | 2,945,310 | ||||||||||||||||
Reimbursables | — | 5,117 | — | — | — | 73,559 | — | 78,676 | |||||||||||||||||||||||||
Labor contract drilling services | — | — | — | — | — | 43,150 | — | 43,150 | |||||||||||||||||||||||||
Other | — | — | — | — | — | 105 | — | 105 | |||||||||||||||||||||||||
Total operating revenues | — | 206,218 | 15,135 | — | — | 2,912,319 | (66,431 | ) | 3,067,241 | ||||||||||||||||||||||||
Operating costs and expenses | |||||||||||||||||||||||||||||||||
Contract drilling services | 3,600 | 61,079 | 5,842 | 79,188 | — | 1,364,841 | (66,431 | ) | 1,448,119 | ||||||||||||||||||||||||
Reimbursables | — | 4,332 | — | — | — | 56,962 | — | 61,294 | |||||||||||||||||||||||||
Labor contract drilling services | — | — | — | — | — | 29,804 | — | 29,804 | |||||||||||||||||||||||||
Depreciation and amortization | — | 46,120 | 3,377 | — | — | 591,662 | — | 641,159 | |||||||||||||||||||||||||
General and administrative | 1,544 | 4,845 | 1 | 20,788 | 1 | 10,503 | — | 37,682 | |||||||||||||||||||||||||
Loss on impairment | — | — | — | — | — | 3,585 | — | 3,585 | |||||||||||||||||||||||||
Gain on disposal of assets, net | — | — | — | — | — | (35,646 | ) | — | (35,646 | ) | |||||||||||||||||||||||
Gain on contract settlements/extinguishments, net | (45,000 | ) | — | — | — | — | (1,800 | ) | — | (46,800 | ) | ||||||||||||||||||||||
Total operating costs and expenses | (39,856 | ) | 116,376 | 9,220 | 99,976 | 1 | 2,019,911 | (66,431 | ) | 2,139,197 | |||||||||||||||||||||||
Operating income (loss) | 39,856 | 89,842 | 5,915 | (99,976 | ) | (1 | ) | 892,408 | — | 928,044 | |||||||||||||||||||||||
Other income (expense) | |||||||||||||||||||||||||||||||||
Equity earnings in affiliates, net of tax | 736,942 | 392,101 | 53,787 | 796,217 | (1,177,957 | ) | — | (801,090 | ) | — | |||||||||||||||||||||||
Interest expense, net of amounts capitalized | (105,720 | ) | (18,604 | ) | (1,842 | ) | (99,911 | ) | (38,388 | ) | (1,595,902 | ) | 1,785,252 | (75,115 | ) | ||||||||||||||||||
Interest income and other, net | 4,941 | 42,205 | (7 | ) | 129,601 | 1,537,410 | 72,285 | (1,785,252 | ) | 1,183 | |||||||||||||||||||||||
Income before income taxes | 676,019 | 505,544 | 57,853 | 725,931 | 321,064 | (631,209 | ) | (801,090 | ) | 854,112 | |||||||||||||||||||||||
Income tax provision | — | (41,278 | ) | — | — | — | (83,954 | ) | — | (125,232 | ) | ||||||||||||||||||||||
Net Income | 676,019 | 464,266 | 57,853 | 725,931 | 321,064 | (715,163 | ) | (801,090 | ) | 728,880 | |||||||||||||||||||||||
Net income attributable to noncontrolling interests | — | — | — | — | — | (88,725 | ) | 35,864 | (52,861 | ) | |||||||||||||||||||||||
Net income attributable to Noble Corporation | 676,019 | 464,266 | 57,853 | 725,931 | 321,064 | (803,888 | ) | (765,226 | ) | 676,019 | |||||||||||||||||||||||
Other comprehensive income, net | 4,866 | — | — | — | — | 4,866 | (4,866 | ) | 4,866 | ||||||||||||||||||||||||
Comprehensive income attributable to Noble Corporation | $ | 680,885 | $ | 464,266 | $ | 57,853 | $ | 725,931 | $ | 321,064 | $ | (799,022 | ) | $ | (770,092 | ) | $ | 680,885 | |||||||||||||||
NOBLE CORPORATION (NOBLE-CAYMAN) AND SUBSIDIARIES | |||||||||||||||||||||||||||||||||
CONDENSED CONSOLIDATING STATEMENT OF INCOME | |||||||||||||||||||||||||||||||||
Three Months Ended September 30, 2012 | |||||||||||||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||||||||||
Noble- | NHC and NDH | NDC | NHIL | NDS6 | Other | Consolidating | Total | ||||||||||||||||||||||||||
Cayman | Combined | Non-guarantor | Adjustments | ||||||||||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||||||||||||
of Noble | |||||||||||||||||||||||||||||||||
Operating revenues | |||||||||||||||||||||||||||||||||
Contract drilling services | $ | — | $ | 36,149 | $ | 5,061 | $ | — | $ | — | $ | 809,858 | $ | (17,856 | ) | $ | 833,212 | ||||||||||||||||
Reimbursables | — | 389 | — | — | — | 27,748 | — | 28,137 | |||||||||||||||||||||||||
Labor contract drilling services | — | — | — | — | — | 22,667 | — | 22,667 | |||||||||||||||||||||||||
Other | — | — | — | — | — | 16 | — | 16 | |||||||||||||||||||||||||
Total operating revenues | — | 36,538 | 5,061 | — | — | 860,289 | (17,856 | ) | 884,032 | ||||||||||||||||||||||||
Operating costs and expenses | |||||||||||||||||||||||||||||||||
Contract drilling services | 1,355 | 13,948 | 1,919 | 19,636 | — | 425,223 | (17,856 | ) | 444,225 | ||||||||||||||||||||||||
Reimbursables | — | 216 | — | — | — | 20,831 | — | 21,047 | |||||||||||||||||||||||||
Labor contract drilling services | — | — | — | — | — | 12,991 | — | 12,991 | |||||||||||||||||||||||||
Depreciation and amortization | — | 15,500 | 1,181 | — | — | 177,914 | — | 194,595 | |||||||||||||||||||||||||
General and administrative | 426 | 1,447 | — | 9,700 | 1 | 3,913 | — | 15,487 | |||||||||||||||||||||||||
Total operating costs and expenses | 1,781 | 31,111 | 3,100 | 29,336 | 1 | 640,872 | (17,856 | ) | 688,345 | ||||||||||||||||||||||||
Operating income (loss) | (1,781 | ) | 5,427 | 1,961 | (29,336 | ) | (1 | ) | 219,417 | — | 195,687 | ||||||||||||||||||||||
Other income (expense) | |||||||||||||||||||||||||||||||||
Equity earnings in affiliates, net of tax | 162,311 | 69,069 | 36,463 | 172,364 | 129,161 | — | (569,368 | ) | — | ||||||||||||||||||||||||
Interest expense, net of amounts capitalized | (30,496 | ) | (8,964 | ) | (852 | ) | (33,509 | ) | (11,832 | ) | (20,221 | ) | 80,239 | (25,635 | ) | ||||||||||||||||||
Interest income and other, net | 1,689 | 11,080 | 9 | 37,430 | 2,846 | 28,546 | (80,239 | ) | 1,361 | ||||||||||||||||||||||||
Income before income taxes | 131,723 | 76,612 | 37,581 | 146,949 | 120,174 | 227,742 | (569,368 | ) | 171,413 | ||||||||||||||||||||||||
Income tax provision | — | (8,639 | ) | — | — | — | (16,145 | ) | — | (24,784 | ) | ||||||||||||||||||||||
Net Income | 131,723 | 67,973 | 37,581 | 146,949 | 120,174 | 211,597 | (569,368 | ) | 146,629 | ||||||||||||||||||||||||
Net income attributable to noncontrolling interests | — | — | — | — | — | (22,246 | ) | 7,340 | (14,906 | ) | |||||||||||||||||||||||
Net income attributable to Noble Corporation | 131,723 | 67,973 | 37,581 | 146,949 | 120,174 | 189,351 | (562,028 | ) | 131,723 | ||||||||||||||||||||||||
Other comprehensive income, net | 3,384 | — | — | — | — | 3,384 | (3,384 | ) | 3,384 | ||||||||||||||||||||||||
Comprehensive income attributable to Noble Corporation | $ | 135,107 | $ | 67,973 | $ | 37,581 | $ | 146,949 | $ | 120,174 | $ | 192,735 | $ | (565,412 | ) | $ | 135,107 | ||||||||||||||||
NOBLE CORPORATION (NOBLE-CAYMAN) AND SUBSIDIARIES | |||||||||||||||||||||||||||||||||
CONDENSED CONSOLIDATING STATEMENT OF INCOME | |||||||||||||||||||||||||||||||||
Nine Months Ended September 30, 2012 | |||||||||||||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||||||||||
Noble- | NHC and NDH | NDC | NHIL | NDS6 | Other | Consolidating | Total | ||||||||||||||||||||||||||
Cayman | Combined | Non-guarantor | Adjustments | ||||||||||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||||||||||||
of Noble | |||||||||||||||||||||||||||||||||
Operating revenues | |||||||||||||||||||||||||||||||||
Contract drilling services | $ | — | $ | 117,488 | $ | 14,941 | $ | — | $ | — | $ | 2,352,618 | $ | (57,288 | ) | $ | 2,427,759 | ||||||||||||||||
Reimbursables | — | 6,199 | — | — | — | 87,891 | — | 94,090 | |||||||||||||||||||||||||
Labor contract drilling services | — | — | — | — | — | 58,538 | — | 58,538 | |||||||||||||||||||||||||
Other | — | — | — | — | — | 1,190 | (932 | ) | 258 | ||||||||||||||||||||||||
Total operating revenues | — | 123,687 | 14,941 | — | — | 2,500,237 | (58,220 | ) | 2,580,645 | ||||||||||||||||||||||||
Operating costs and expenses | |||||||||||||||||||||||||||||||||
Contract drilling services | 3,794 | 42,642 | 5,529 | 56,048 | — | 1,231,176 | (58,220 | ) | 1,280,969 | ||||||||||||||||||||||||
Reimbursables | — | 5,641 | — | — | — | 70,977 | — | 76,618 | |||||||||||||||||||||||||
Labor contract drilling services | — | — | — | — | — | 34,070 | — | 34,070 | |||||||||||||||||||||||||
Depreciation and amortization | — | 45,577 | 3,278 | — | — | 499,416 | — | 548,271 | |||||||||||||||||||||||||
General and administrative | 1,237 | 4,258 | — | 28,137 | 1 | 11,331 | — | 44,964 | |||||||||||||||||||||||||
Loss on impairment | — | — | — | — | — | 18,345 | — | 18,345 | |||||||||||||||||||||||||
Gain on contract settlements/extinguishments, net | — | (4,869 | ) | — | — | — | (28,386 | ) | — | (33,255 | ) | ||||||||||||||||||||||
Total operating costs and expenses | 5,031 | 93,249 | 8,807 | 84,185 | 1 | 1,836,929 | (58,220 | ) | 1,969,982 | ||||||||||||||||||||||||
Operating income (loss) | (5,031 | ) | 30,438 | 6,134 | (84,185 | ) | (1 | ) | 663,308 | — | 610,663 | ||||||||||||||||||||||
Other income (expense) | |||||||||||||||||||||||||||||||||
Equity earnings in affiliates, net of tax | 515,132 | 358,234 | 92,343 | 583,122 | 274,564 | — | (1,823,395 | ) | — | ||||||||||||||||||||||||
Interest expense, net of amounts capitalized | (76,396 | ) | (37,881 | ) | (3,040 | ) | (83,975 | ) | (31,020 | ) | (60,193 | ) | 235,722 | (56,783 | ) | ||||||||||||||||||
Interest income and other, net | 5,640 | 29,771 | 4 | 99,609 | 8,771 | 96,295 | (235,722 | ) | 4,368 | ||||||||||||||||||||||||
Income before income taxes | 439,345 | 380,562 | 95,441 | 514,571 | 252,314 | 699,410 | (1,823,395 | ) | 558,248 | ||||||||||||||||||||||||
Income tax provision | — | (30,902 | ) | — | — | — | (61,070 | ) | — | (91,972 | ) | ||||||||||||||||||||||
Net Income | 439,345 | 349,660 | 95,441 | 514,571 | 252,314 | 638,340 | (1,823,395 | ) | 466,276 | ||||||||||||||||||||||||
Net income attributable to noncontrolling interests | — | — | — | — | — | (52,643 | ) | 25,712 | (26,931 | ) | |||||||||||||||||||||||
Net income attributable to Noble Corporation | 439,345 | 349,660 | 95,441 | 514,571 | 252,314 | 585,697 | (1,797,683 | ) | 439,345 | ||||||||||||||||||||||||
Other comprehensive income, net | 2,244 | — | — | — | — | 2,244 | (2,244 | ) | 2,244 | ||||||||||||||||||||||||
Comprehensive income attributable to Noble Corporation | $ | 441,589 | $ | 349,660 | $ | 95,441 | $ | 514,571 | $ | 252,314 | $ | 587,941 | $ | (1,799,927 | ) | $ | 441,589 | ||||||||||||||||
NOBLE CORPORATION (NOBLE-CAYMAN) AND SUBSIDIARIES | |||||||||||||||||||||||||||||||||
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS | |||||||||||||||||||||||||||||||||
Nine Months Ended September 30, 2013 | |||||||||||||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||||||||||
Noble- | NHC and NDH | NDC | NHIL | NDS6 | Other | Consolidating | Total | ||||||||||||||||||||||||||
Cayman | Combined | Non-guarantor | Adjustments | ||||||||||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||||||||||||
of Noble | |||||||||||||||||||||||||||||||||
Cash flows from operating activities | |||||||||||||||||||||||||||||||||
Net cash from operating activities | $ | (79,174 | ) | $ | 46,344 | $ | 8,285 | $ | (113,088 | ) | $ | 1,495,330 | $ | (144,753 | ) | $ | — | $ | 1,212,944 | ||||||||||||||
Cash flows from investing activities | |||||||||||||||||||||||||||||||||
New construction and capital expenditures | — | (1,070,669 | ) | (559 | ) | — | — | (719,659 | ) | — | (1,790,887 | ) | |||||||||||||||||||||
Proceeds from disposal of assets | — | — | — | — | — | 61,000 | — | 61,000 | |||||||||||||||||||||||||
Notes receivable from affiliates | — | — | — | — | — | 294,798 | (294,798 | ) | — | ||||||||||||||||||||||||
Net cash from investing activities | — | (1,070,669 | ) | (559 | ) | — | — | (363,861 | ) | (294,798 | ) | (1,729,887 | ) | ||||||||||||||||||||
Cash flows from financing activities | |||||||||||||||||||||||||||||||||
Net change in borrowings outstanding on bank credit facilities | 973,055 | — | — | — | — | — | — | 973,055 | |||||||||||||||||||||||||
Repayment of long-term debt | (300,000 | ) | — | — | — | — | — | — | (300,000 | ) | |||||||||||||||||||||||
Financing costs on credit facilities | (2,432 | ) | — | — | — | — | — | — | (2,432 | ) | |||||||||||||||||||||||
Dividends paid to joint venture partner | — | — | — | — | — | (69,728 | ) | — | (69,728 | ) | |||||||||||||||||||||||
Distributions to parent company, net | (187,610 | ) | — | — | — | — | — | — | (187,610 | ) | |||||||||||||||||||||||
Advances (to) from affiliates | (110,039 | ) | 1,023,544 | (7,726 | ) | 113,094 | (1,495,330 | ) | 476,457 | — | — | ||||||||||||||||||||||
Notes payable to affiliates | (294,798 | ) | — | — | — | — | — | 294,798 | — | ||||||||||||||||||||||||
Net cash from financing activities | 78,176 | 1,023,544 | (7,726 | ) | 113,094 | (1,495,330 | ) | 406,729 | 294,798 | 413,285 | |||||||||||||||||||||||
Net change in cash and cash equivalents | (998 | ) | (781 | ) | — | 6 | — | (101,885 | ) | — | (103,658 | ) | |||||||||||||||||||||
Cash and cash equivalents, beginning of period | 1,003 | 904 | — | 2 | — | 275,466 | — | 277,375 | |||||||||||||||||||||||||
Cash and cash equivalents, end of period | $ | 5 | $ | 123 | $ | — | $ | 8 | $ | — | $ | 173,581 | $ | — | $ | 173,717 | |||||||||||||||||
NOBLE CORPORATION (NOBLE-CAYMAN) AND SUBSIDIARIES | |||||||||||||||||||||||||||||||||
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS | |||||||||||||||||||||||||||||||||
Nine Months Ended September 30, 2012 | |||||||||||||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||||||||||
Noble- | NHC and NDH | NDC | NHIL | NDS6 | Other | Consolidating | Total | ||||||||||||||||||||||||||
Cayman | Combined | Non-guarantor | Adjustments | ||||||||||||||||||||||||||||||
Subsidiaries | |||||||||||||||||||||||||||||||||
of Noble | |||||||||||||||||||||||||||||||||
Cash flows from operating activities | |||||||||||||||||||||||||||||||||
Net cash from operating activities | $ | (59,614 | ) | $ | 7,563 | $ | 8,989 | $ | (107,638 | ) | $ | (25,942 | ) | $ | 1,133,499 | $ | — | $ | 956,857 | ||||||||||||||
Cash flows from investing activities | |||||||||||||||||||||||||||||||||
New construction and capital expenditures | — | (499,141 | ) | (1,040 | ) | — | — | (940,534 | ) | — | (1,440,715 | ) | |||||||||||||||||||||
Notes receivable from affiliates | — | — | — | (1,188,287 | ) | — | — | 1,188,287 | — | ||||||||||||||||||||||||
Net cash from investing activities | — | (499,141 | ) | (1,040 | ) | (1,188,287 | ) | — | (940,534 | ) | 1,188,287 | (1,440,715 | ) | ||||||||||||||||||||
Cash flows from financing activities | |||||||||||||||||||||||||||||||||
Net change in borrowings outstanding on bank credit facilities | (630,000 | ) | — | — | — | — | — | — | (630,000 | ) | |||||||||||||||||||||||
Proceeds from issuance of senior notes, net | — | — | — | 1,186,636 | — | — | — | 1,186,636 | |||||||||||||||||||||||||
Contributions from joint venture partner | — | — | — | — | — | 40,000 | — | 40,000 | |||||||||||||||||||||||||
Financing costs on credit facilities | (5,014 | ) | — | — | — | — | — | — | (5,014 | ) | |||||||||||||||||||||||
Distributions to parent company, net | (129,139 | ) | — | — | — | — | — | — | (129,139 | ) | |||||||||||||||||||||||
Advances (to) from affiliates | (364,666 | ) | 491,628 | (7,949 | ) | 109,308 | 25,942 | (254,263 | ) | — | — | ||||||||||||||||||||||
Notes payable to affiliates | 1,188,287 | — | — | — | — | — | (1,188,287 | ) | — | ||||||||||||||||||||||||
Net cash from financing activities | 59,468 | 491,628 | (7,949 | ) | 1,295,944 | 25,942 | (214,263 | ) | (1,188,287 | ) | 462,483 | ||||||||||||||||||||||
Net change in cash and cash equivalents | (146 | ) | 50 | — | 19 | — | (21,298 | ) | — | (21,375 | ) | ||||||||||||||||||||||
Cash and cash equivalents, beginning of period | 146 | 385 | — | — | — | 234,525 | — | 235,056 | |||||||||||||||||||||||||
Cash and cash equivalents, end of period | $ | — | $ | 435 | $ | — | $ | 19 | $ | — | $ | 213,227 | $ | — | $ | 213,681 | |||||||||||||||||
Organization_and_Basis_of_Pres1
Organization and Basis of Presentation - Additional Information (Detail) | 9 Months Ended |
Sep. 30, 2013 | |
Rigs | |
Description Of Business And Basis Of Presentation [Line Items] | ' |
Number of mobile offshore drilling units | 79 |
Number of floating production storage and offloading units ("FPSO") | 1 |
Number of semisubmersibles | 14 |
Number of drillships | 14 |
Number of jackups | 49 |
Number of submersibles | 2 |
Number of fleet units under construction | 9 |
Number of ultra-deep water harsh environment drillships under construction | 3 |
Number of harsh environment jackup Rigs under construction | 6 |
Number of drillships | 1 |
Number of jackups | 1 |
Conversion Ratio | 1 |
Standard Co. [Member] | ' |
Description Of Business And Basis Of Presentation [Line Items] | ' |
Number of floating production storage and offloading units ("FPSO") | 1 |
Number of semisubmersibles | 3 |
Number of drillships | 5 |
Number of jackups | 34 |
Number of submersibles | 2 |
Number of mobile offshore drilling companies | 2 |
Consolidated_Joint_Ventures_Ad
Consolidated Joint Ventures - Additional Information (Detail) (USD $) | 9 Months Ended | ||
Sep. 30, 2013 | Dec. 31, 2012 | Apr. 30, 2011 | |
Rigs | |||
Joint_Ventures | |||
Schedule of Equity Method Investments [Line Items] | ' | ' | ' |
Percent of interest in joint ventures | 50.00% | ' | ' |
Number of joint ventures acquired | 2 | ' | ' |
Number of bully class drillships | 2 | ' | ' |
Capital call on joint venture | ' | ' | $360,000,000 |
Carrying amount of the drillships | 1,400,000,000 | 1,400,000,000 | ' |
Bully Joint Venture [Member] | ' | ' | ' |
Schedule of Equity Method Investments [Line Items] | ' | ' | ' |
Dividend paid by Bully Joint Venture Partners | $139,000,000 | ' | ' |
Consolidated_Joint_Ventures_Sc
Consolidated Joint Ventures - Schedule of Operational Results (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Schedule of Equity Method Investments [Line Items] | ' | ' | ' | ' |
Operating revenues | $1,078,881 | $884,032 | $3,067,241 | $2,580,645 |
Net income | 300,459 | 129,680 | 661,498 | 421,698 |
Joint Ventures [Member] | ' | ' | ' | ' |
Schedule of Equity Method Investments [Line Items] | ' | ' | ' | ' |
Operating revenues | 94,847 | 78,447 | 272,620 | 162,892 |
Net income | $36,488 | $28,679 | $103,123 | $52,152 |
Share_Data_NobleSwiss_Share_Ca
Share Data - Noble-Swiss' Share Capital (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, except Per Share data, unless otherwise specified | ||
Equity [Abstract] | ' | ' |
Shares outstanding and trading | 253,388 | 252,759 |
Treasury shares | 777 | 589 |
Total shares outstanding | 254,165 | 253,348 |
Treasury shares held for share-based compensation plans | 11,985 | 12,802 |
Total shares authorized for issuance | 266,150 | 266,150 |
Par value per share (in Swiss Francs) | $3.15 | $3.15 |
Share_Data_Additional_Informat
Share Data - Additional Information (Detail) (USD $) | Sep. 30, 2013 | Aug. 31, 2013 | Apr. 30, 2013 | Apr. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 |
In Millions, except Per Share data, unless otherwise specified | Dividend [Member] | Dividend [Member] | Dividend [Member] | Dividend [Member] | Stock options [Member] | Stock options [Member] | |
Installment | Installment | Installment | |||||
Class of Stock [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Additional authorized shares without obtaining shareholder approval | 133.1 | ' | ' | ' | ' | ' | ' |
Dividend to be paid, per share | ' | ' | $1 | $0.52 | ' | ' | ' |
Number of installments by which the installments of dividends paid | ' | ' | 4 | 4 | ' | ' | ' |
Dividends payable | ' | ' | ' | ' | $192 | ' | ' |
Number of remaining installments | ' | 3 | ' | ' | ' | ' | ' |
Stock options excluded from the diluted net income per share | ' | ' | ' | ' | ' | 0.9 | 1.1 |
Share_Data_Computation_of_Basi
Share Data - Computation of Basic and Diluted Earnings Per Share for Noble-UK (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Basic | ' | ' | ' | ' |
Net income attributable to Noble Corporation | $281,957 | $114,774 | $608,637 | $394,767 |
Earnings allocated to unvested share-based payment awards | -3,393 | -1,192 | -7,191 | -4,008 |
Net income to common shareholders-basic | 278,564 | 113,582 | 601,446 | 390,759 |
Diluted | ' | ' | ' | ' |
Net income attributable to Noble Corporation | 281,957 | 114,774 | 608,637 | 394,767 |
Earnings allocated to unvested share-based payment awards | -3,390 | -1,190 | -7,184 | -4,002 |
Net income to common shareholders-diluted | $278,567 | $113,584 | $601,453 | $390,765 |
Weighted average shares outstanding-basic | 253,357 | 252,657 | 253,242 | 252,339 |
Incremental shares issuable from assumed exercise of stock options | 261 | 317 | 265 | 385 |
Weighted average shares outstanding-diluted | 253,618 | 252,974 | 253,507 | 252,724 |
Weighted average unvested share-based payment awards | 3,086 | 2,651 | 3,028 | 2,588 |
Earnings per share | ' | ' | ' | ' |
Basic | $1.10 | $0.45 | $2.37 | $1.55 |
Diluted | $1.10 | $0.45 | $2.37 | $1.55 |
Receivables_from_Customers_Add
Receivables from Customers - Additional Information (Detail) (Pemex Exploracion y Produccion [Member], USD $) | Sep. 30, 2013 |
In Millions, unless otherwise specified | |
Pemex Exploracion y Produccion [Member] | ' |
Receivables From Major Customers [Line Items] | ' |
Approximate receivables | $14 |
Property_and_Equipment_Propert
Property and Equipment - Property and Equipment, at Cost (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Property, Plant and Equipment [Line Items] | ' | ' |
Property and equipment, at cost | $18,606,931 | $16,971,666 |
Drilling Equipment and Facilities [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property and equipment, at cost | 15,835,848 | 14,099,628 |
Construction in Progress [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property and equipment, at cost | 2,569,052 | 2,677,385 |
Other [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property and equipment, at cost | $202,031 | $194,653 |
Property_and_Equipment_Additio
Property and Equipment - Additional Information (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | |
Property Plant And Equipment [Abstract] | ' | ' | ' | ' |
Capital expenditures | ' | ' | $1,700,000,000 | $1,200,000,000 |
Capitalized interest on construction-in-progress | $31,000,000 | $31,000,000 | $92,000,000 | $108,000,000 |
Loss_on_Impairment_Additional_
Loss on Impairment - Additional Information (Detail) (USD $) | 12 Months Ended | 3 Months Ended | 12 Months Ended | |
In Millions, unless otherwise specified | Dec. 31, 2012 | Sep. 30, 2013 | Jun. 30, 2012 | Dec. 31, 2012 |
Corporate Assets [Member] | Submersible Rig Feet [Member] | Submersible Rig Feet [Member] | Submersible Rig Feet [Member] | |
Significant Other Observable Inputs (Level 2) [Member] | Rigs | Rigs | Significant Other Observable Inputs (Level 2) [Member] | |
Loss Contingencies [Line Items] | ' | ' | ' | ' |
Number of cold stack rigs | ' | ' | 2 | ' |
Impairment related charges | $5 | $4 | ' | $13 |
Number of cold stacked submersibles | ' | 2 | ' | ' |
Gain_on_Disposal_of_Assets_net1
Gain on Disposal of Assets, net - Additional Information (Detail) (USD $) | 3 Months Ended |
Sep. 30, 2013 | |
Property Plant And Equipment Useful Life And Values [Abstract] | ' |
Sale of the Noble Lewis Dugger | $61,000,000 |
Gain on sale of assets | $35,646,000 |
Gain_on_Contract_SettlementsEx1
Gain on Contract Settlements/Extinguishments, net - Additional Information (Detail) (USD $) | 3 Months Ended | 12 Months Ended | 3 Months Ended | |
In Millions, unless otherwise specified | Jun. 30, 2012 | Dec. 31, 2009 | Jun. 30, 2012 | Sep. 30, 2013 |
Noble David Tinsley [Member] | Fdr Holdings Ltd [Member] | |||
Additional Expenditures by Other Contractual Commitments [Line Items] | ' | ' | ' | ' |
Net gain recognized on settlement included in other income | $28 | ' | $5 | $45 |
Incident charge | ' | $17 | ' | ' |
Debt_Schedule_of_Debt_Detail
Debt - Schedule of Debt (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Debt Instrument [Line Items] | ' | ' |
Total long-term debt | $5,307,838 | $4,634,375 |
5.875% Senior Notes Due 2013 [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Total senior unsecured notes | ' | 299,985 |
7.375% Senior Notes Due 2014 [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Total senior unsecured notes | 249,922 | 249,799 |
3.45% Senior Notes Due 2015 [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Total senior unsecured notes | 350,000 | 350,000 |
3.05% Senior Notes Due 2016 [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Total senior unsecured notes | 299,963 | 299,952 |
2.50% Senior Notes Due 2017 [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Total senior unsecured notes | 299,877 | 299,852 |
7.50% Senior Notes Due 2019 [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Total senior unsecured notes | 201,695 | 201,695 |
4.90% Senior Notes Due 2020 [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Total senior unsecured notes | 498,991 | 498,900 |
4.625% Senior Notes Due 2021 [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Total senior unsecured notes | 399,563 | 399,527 |
3.95% Senior Notes Due 2022 [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Total senior unsecured notes | 399,157 | 399,095 |
6.20% Senior Notes due 2040 [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Total senior unsecured notes | 399,892 | 399,891 |
6.05% Senior Notes Due 2041 [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Total senior unsecured notes | 397,638 | 397,613 |
5.25% Senior Notes Due 2042 [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Total senior unsecured notes | 498,276 | 498,257 |
Total Senior Unsecured Notes [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Total senior unsecured notes | 3,994,974 | 4,294,566 |
Commercial Paper Program [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Total long-term debt | $1,312,864 | $339,809 |
Debt_Schedule_of_Debt_Parenthe
Debt - Schedule of Debt (Parenthetical) (Detail) | Sep. 30, 2013 | Jun. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Feb. 29, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Feb. 29, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Feb. 29, 2012 |
5.875% Senior Notes Due 2013 [Member] | 5.875% Senior Notes Due 2013 [Member] | 7.375% Senior Notes Due 2014 [Member] | 3.45% Senior Notes Due 2015 [Member] | 3.05% Senior Notes Due 2016 [Member] | 2.50% Senior Notes Due 2017 [Member] | 2.50% Senior Notes Due 2017 [Member] | 7.50% Senior Notes Due 2019 [Member] | 4.90% Senior Notes Due 2020 [Member] | 4.625% Senior Notes Due 2021 [Member] | 3.95% Senior Notes Due 2022 [Member] | 3.95% Senior Notes Due 2022 [Member] | 6.20% Senior Notes due 2040 [Member] | 6.05% Senior Notes Due 2041 [Member] | 5.25% Senior Notes Due 2042 [Member] | 5.25% Senior Notes Due 2042 [Member] | |
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest rate on the notes issued to the joint venture partner | 5.88% | 5.88% | 7.38% | 3.45% | 3.05% | 2.50% | 2.50% | 7.50% | 4.90% | 4.63% | 3.95% | 3.95% | 6.20% | 6.05% | 5.25% | 5.25% |
Senior notes, maturity date | '2013 | '2013 | '2014 | '2015 | '2016 | '2017 | '2017 | '2019 | '2020 | '2021 | '2022 | '2022 | '2040 | '2041 | '2042 | '2042 |
Debt_Additional_Information_De
Debt - Additional Information (Detail) (USD $) | 1 Months Ended | 9 Months Ended | 1 Months Ended | 1 Months Ended | 9 Months Ended | 12 Months Ended | 3 Months Ended | |||||||||||||||
Feb. 29, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Aug. 31, 2013 | Aug. 31, 2013 | Aug. 31, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Feb. 29, 2012 | Sep. 30, 2013 | Feb. 29, 2012 | Sep. 30, 2013 | Feb. 29, 2012 | Sep. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | |
CreditFacility | Revolving Credit Facility Which Matures in 2015 [Member] | Revolving Credit Facility Which Matures in 2015 [Member] | Revolving Credit Facility Which Matures in 2015 [Member] | Unsecured Revolving Credit Facility [Member] | Revolving Credit Facility Which Matures in 2017 [Member] | Revolving Credit Facility Which Matures in 2017 [Member] | Commercial Paper Program [Member] | Unsecured Commercial Paper Notes [Member] | Unsecured Commercial Paper Notes [Member] | Credit Facilities [Member] | 2.50% Senior Notes Due 2017 [Member] | 2.50% Senior Notes Due 2017 [Member] | 3.95% Senior Notes Due 2022 [Member] | 3.95% Senior Notes Due 2022 [Member] | 5.25% Senior Notes Due 2042 [Member] | 5.25% Senior Notes Due 2042 [Member] | 5.875% Senior Notes Due 2013 [Member] | 5.875% Senior Notes Due 2013 [Member] | 5.875% Senior Notes Due 2013 [Member] | |||
Minimum [Member] | Maximum [Member] | Maximum [Member] | Commercial Paper Program [Member] | |||||||||||||||||||
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Maximum amount available under our Credit Facilities | ' | $2,900,000,000 | ' | ' | $600,000,000 | $800,000,000 | ' | ' | $1,500,000,000 | ' | ' | ' | $375,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Short term Unsecured Revolving Credit Facility Maturity Period | ' | ' | ' | ' | ' | ' | '364 days | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Credit facility maturity date | ' | ' | ' | '2015 | ' | ' | ' | '2017 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Outstanding notes value | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,800,000,000 | 1,300,000,000 | 340,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 300,000,000 |
Credit facilities borrowing capacity | ' | 1,600,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of credit facilities | ' | 3 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Borrowings outstanding | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Face value of senior notes | 1,200,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 300,000,000 | ' | 400,000,000 | ' | 500,000,000 | ' | ' | ' |
Interest rate on the notes issued to the joint venture partner | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2.50% | 2.50% | 3.95% | 3.95% | 5.25% | 5.25% | 5.88% | 5.88% | ' |
Senior notes maturity date | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '2017 | '2017 | '2022 | '2022 | '2042 | '2042 | '2013 | '2013 | ' |
Weighted average coupon of all three tranches | 4.13% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from issuance of senior notes, net of debt issuance costs | $1,190,000,000 | $0 | $1,186,636,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Maximum debt to tangible capitalization covenant | ' | 0.6 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line of credit facility debt to tangible capitalization ratio | ' | 0.37 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt_Estimated_Fair_Value_of_O
Debt - Estimated Fair Value of Our Long Term Debt (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Debt Instrument [Line Items] | ' | ' |
Total long-term debt, Estimated Fair Value | $5,355,842 | $5,065,245 |
Total long-term debt, Carrying Value | 5,307,838 | 4,634,375 |
5.875% Senior Notes Due 2013 [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Total senior unsecured notes, Carrying Value | ' | 299,985 |
Total long-term debt, Estimated Fair Value | ' | 305,594 |
7.375% Senior Notes Due 2014 [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Total senior unsecured notes, Carrying Value | 249,922 | 249,799 |
Total long-term debt, Estimated Fair Value | 257,442 | 269,008 |
3.45% Senior Notes Due 2015 [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Total senior unsecured notes, Carrying Value | 350,000 | 350,000 |
Total long-term debt, Estimated Fair Value | 363,551 | 368,824 |
3.05% Senior Notes Due 2016 [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Total senior unsecured notes, Carrying Value | 299,963 | 299,952 |
Total long-term debt, Estimated Fair Value | 309,374 | 316,268 |
2.50% Senior Notes Due 2017 [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Total senior unsecured notes, Carrying Value | 299,877 | 299,852 |
Total long-term debt, Estimated Fair Value | 301,995 | 309,846 |
7.50% Senior Notes Due 2019 [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Total senior unsecured notes, Carrying Value | 201,695 | 201,695 |
Total long-term debt, Estimated Fair Value | 235,014 | 249,358 |
4.90% Senior Notes Due 2020 [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Total senior unsecured notes, Carrying Value | 498,991 | 498,900 |
Total long-term debt, Estimated Fair Value | 523,400 | 562,530 |
4.625% Senior Notes Due 2021 [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Total senior unsecured notes, Carrying Value | 399,563 | 399,527 |
Total long-term debt, Estimated Fair Value | 407,416 | 442,776 |
3.95% Senior Notes Due 2022 [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Total senior unsecured notes, Carrying Value | 399,157 | 399,095 |
Total long-term debt, Estimated Fair Value | 385,207 | 422,227 |
6.20% Senior Notes due 2040 [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Total senior unsecured notes, Carrying Value | 399,892 | 399,891 |
Total long-term debt, Estimated Fair Value | 407,789 | 477,327 |
6.05% Senior Notes Due 2041 [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Total senior unsecured notes, Carrying Value | 397,638 | 397,613 |
Total long-term debt, Estimated Fair Value | 400,740 | 468,256 |
5.25% Senior Notes Due 2042 [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Total senior unsecured notes, Carrying Value | 498,276 | 498,257 |
Total long-term debt, Estimated Fair Value | 451,050 | 533,422 |
Total Senior Unsecured Notes [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Total senior unsecured notes, Carrying Value | 3,994,974 | 4,294,566 |
Total long-term debt, Estimated Fair Value | 4,042,978 | 4,725,436 |
Commercial Paper Program [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Total long-term debt, Estimated Fair Value | 1,312,864 | 339,809 |
Total long-term debt, Carrying Value | $1,312,864 | $339,809 |
Debt_Estimated_Fair_Value_of_O1
Debt - Estimated Fair Value of Our Long Term Debt (Parenthetical) (Detail) | Sep. 30, 2013 | Jun. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Feb. 29, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Feb. 29, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Feb. 29, 2012 |
5.875% Senior Notes Due 2013 [Member] | 5.875% Senior Notes Due 2013 [Member] | 7.375% Senior Notes Due 2014 [Member] | 3.45% Senior Notes Due 2015 [Member] | 3.05% Senior Notes Due 2016 [Member] | 2.50% Senior Notes Due 2017 [Member] | 2.50% Senior Notes Due 2017 [Member] | 7.50% Senior Notes Due 2019 [Member] | 4.90% Senior Notes Due 2020 [Member] | 4.625% Senior Notes Due 2021 [Member] | 3.95% Senior Notes Due 2022 [Member] | 3.95% Senior Notes Due 2022 [Member] | 6.20% Senior Notes due 2040 [Member] | 6.05% Senior Notes Due 2041 [Member] | 5.25% Senior Notes Due 2042 [Member] | 5.25% Senior Notes Due 2042 [Member] | |
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest rate on the notes issued to the joint venture partner | 5.88% | 5.88% | 7.38% | 3.45% | 3.05% | 2.50% | 2.50% | 7.50% | 4.90% | 4.63% | 3.95% | 3.95% | 6.20% | 6.05% | 5.25% | 5.25% |
Senior notes, maturity date | '2013 | '2013 | '2014 | '2015 | '2016 | '2017 | '2017 | '2019 | '2020 | '2021 | '2022 | '2022 | '2040 | '2041 | '2042 | '2042 |
Income_Taxes_Additional_Inform
Income Taxes - Additional Information (Detail) (USD $) | 9 Months Ended | |
In Millions, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012 |
Income Tax Disclosure [Abstract] | ' | ' |
Reserves for uncertain tax positions net | $138 | $125 |
Related tax benefits | 2 | 10 |
Reduction in the provision for income taxes, if reserves not utilized | $138 | ' |
Operational period | '12 months | ' |
Employee_Benefit_Plans_Pension
Employee Benefit Plans - Pension Costs (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Non-U.S. Plans [Member] | ' | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' |
Service cost | $1,361 | $1,072 | $4,089 | $3,306 |
Interest cost | 1,259 | 1,317 | 3,793 | 4,025 |
Return on plan assets | -1,443 | -1,313 | -4,351 | -4,001 |
Amortization of prior service cost | ' | ' | ' | ' |
Recognized net actuarial loss | 426 | 199 | 1,226 | 600 |
Net pension expense | 1,603 | 1,275 | 4,757 | 3,930 |
U.S. Plans [Member] | ' | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' |
Service cost | 2,681 | 2,431 | 8,043 | 7,237 |
Interest cost | 2,263 | 2,196 | 6,787 | 6,556 |
Return on plan assets | -3,275 | -2,793 | -9,827 | -8,379 |
Amortization of prior service cost | 57 | 57 | 171 | 171 |
Recognized net actuarial loss | 1,910 | 1,885 | 5,730 | 5,563 |
Net pension expense | $3,636 | $3,776 | $10,904 | $11,148 |
Employee_Benefit_Plans_Additio
Employee Benefit Plans - Additional Information (Detail) (USD $) | 3 Months Ended | 9 Months Ended |
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2013 |
Compensation And Retirement Disclosure [Abstract] | ' | ' |
Employer contributions | $5 | $13 |
Derivative_Instruments_and_Hed2
Derivative Instruments and Hedging Activities - Additional Information (Detail) (USD $) | 9 Months Ended | |||||
Sep. 30, 2013 | Jun. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Dec. 31, 2011 | |
Derivative [Line Items] | ' | ' | ' | ' | ' | ' |
Percentage of forecasted local currency requirements of forward contract | 59.00% | ' | ' | ' | ' | ' |
Total unrealized gain related to forward contracts and recorded as part of "Accumulated other comprehensive loss" | $589,000 | ($4,731,000) | ' | ' | ' | ($3,061,000) |
Price Risk Derivative [Member] | ' | ' | ' | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' | ' | ' | ' |
Notional amount of forward contracts outstanding | 42,000,000 | ' | ' | ' | ' | ' |
Forward Contracts [Member] | ' | ' | ' | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' | ' | ' | ' |
Total unrealized gain related to forward contracts and recorded as part of "Accumulated other comprehensive loss" | $600,000 | ' | ' | ' | ' | ' |
Maximum maturity period of forward contracts | '12 months | ' | ' | ' | ' | ' |
Derivative_Instruments_and_Hed3
Derivative Instruments and Hedging Activities - Net Unrealized Loss Related to Cash Flow Hedges Included in Accumulated Other Comprehensive Loss (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Gain/(Loss) on Cash Flow Hedges, Balance at beginning of period | ($4,731) | ' | ' | ($3,061) |
Activity during period: | ' | ' | ' | ' |
Net unrealized gain on outstanding foreign currency forward contracts | 2,471 | ' | 589 | ' |
Gain/(Loss) on Cash Flow Hedges, Balance at end of period | 589 | ' | 589 | ' |
Forward Contracts [Member] | ' | ' | ' | ' |
Activity during period: | ' | ' | ' | ' |
Gain/(Loss) on Cash Flow Hedges, Balance at end of period | 600 | ' | 600 | ' |
Cash Flow Hedges [Member] | Forward Contracts [Member] | ' | ' | ' | ' |
Activity during period: | ' | ' | ' | ' |
Cash flow hedges, settlement, during the period | $2,849 | ' | ' | $3,061 |
Derivative_Instruments_and_Hed4
Derivative Instruments and Hedging Activities - Summarization of Financial Statement Presentation and Fair Value of Derivative Positions (Detail) (Short-Term Foreign Currency Forward Contracts [Member], USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Other Current Assets [Member] | ' | ' |
Asset derivatives | ' | ' |
Cash flow hedges Short-term foreign currency forward contracts | $1,927 | ' |
Other Current Liabilities [Member] | ' | ' |
Liability derivatives | ' | ' |
Cash flow hedges Short-term foreign currency forward contracts | $1,338 | ' |
Derivative_Instruments_and_Hed5
Derivative Instruments and Hedging Activities - Summarization of Recognized Gains and Losses of Cash Flow Hedges (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Gain/(loss) recognized through AOCL | $2,471 | ' | $589 | ' |
Foreign Currency Forward Contracts [Member] | Cash Flow Hedges [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Gain/(loss) recognized through AOCL | 2,471 | ' | -2,525 | ' |
Gain/(loss) recognized through "other income" | ' | ' | ' | ' |
Foreign Currency Forward Contracts [Member] | Cash Flow Hedge Gain (Loss) Reclassified [Member] | Cash Flow Hedges [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Gain/(loss) reclassified from AOCL to "other income" | $2,849 | ' | $3,114 | $3,061 |
Fair_Value_of_Financial_Instru2
Fair Value of Financial Instruments - Carrying Amount and Estimated Fair Value of Financial Instruments (Detail) (Fair Value, Measurements, Recurring [Member], USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Quoted Prices in Active Markets (Level 1) [Member] | ' | ' |
Assets- | ' | ' |
Marketable securities | $7,072 | $5,816 |
Foreign currency forward contracts | ' | ' |
Liabilities- | ' | ' |
Foreign currency forward contracts | ' | ' |
Significant Other Observable Inputs (Level 2) [Member] | ' | ' |
Assets- | ' | ' |
Marketable securities | ' | ' |
Foreign currency forward contracts | 1,927 | ' |
Liabilities- | ' | ' |
Foreign currency forward contracts | 1,338 | ' |
Significant Unobservable Inputs (Level 3) [Member] | ' | ' |
Assets- | ' | ' |
Marketable securities | ' | ' |
Foreign currency forward contracts | ' | ' |
Liabilities- | ' | ' |
Foreign currency forward contracts | ' | ' |
Carrying Amount [Member] | ' | ' |
Assets- | ' | ' |
Marketable securities | 7,072 | 5,816 |
Foreign currency forward contracts | 1,927 | ' |
Liabilities- | ' | ' |
Foreign currency forward contracts | $1,338 | ' |
Accumulated_Other_Comprehensiv2
Accumulated Other Comprehensive Loss - Changes in AOCL by Component (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Equity [Abstract] | ' | ' | ' | ' |
Gain/(Loss) on Cash Flow Hedges, Balance at beginning of period | ($4,731) | ' | ' | ($3,061) |
Gain/(Loss) on Cash Flow Hedges, Activity during period: | ' | ' | ' | ' |
Gain/(Loss) on Cash Flow Hedges, Other comprehensive income/(loss) before reclassifications | 2,471 | ' | 589 | ' |
Gain/(Loss) on Cash Flow Hedges, Amounts reclassified from AOCL | 2,849 | ' | ' | ' |
Gain/(Loss) on Cash Flow Hedges, Net current period other comprehensive income/(loss) | 5,320 | 0 | 589 | 3,061 |
Gain/(Loss) on Cash Flow Hedges, Balance at end of period | 589 | ' | 589 | ' |
Defined Benefit Pension Items, Balance at beginning of period | -91,797 | ' | -95,071 | ' |
Defined Benefit Pension Items, Activity during period: | ' | ' | ' | ' |
Defined Benefit Pension Items, Other comprehensive income/(loss) before reclassifications | ' | ' | ' | ' |
Defined Benefit Pension Items, Amounts reclassified from AOCL | 1,661 | 1,351 | 4,935 | 4,177 |
Defined Benefit Pension Items, Net current period other comprehensive income/(loss) | 1,661 | ' | 4,935 | ' |
Defined Benefit Pension Items, Balance at end of period | -90,136 | ' | -90,136 | ' |
Foreign Currency Items, Balance at beginning of period | -19,901 | ' | -20,378 | ' |
Foreign Currency Items, Activity during period: | ' | ' | ' | ' |
Foreign Currency Items, Other comprehensive income/(loss) before reclassifications | -1,135 | ' | -658 | ' |
Foreign Currency Items, Amounts reclassified from AOCL | ' | ' | ' | ' |
Foreign Currency Items, Net current period other comprehensive income/(loss) | -1,135 | 2,033 | -658 | -4,994 |
Foreign Currency Items, Balance at end of period | -21,036 | ' | -21,036 | ' |
Balance at beginning of period | -116,429 | ' | -115,449 | ' |
Activity during period: | ' | ' | ' | ' |
Other comprehensive income/(loss) before reclassifications | 1,336 | ' | -69 | ' |
Amounts reclassified from AOCL | 4,510 | ' | 4,935 | ' |
Net current period other comprehensive income/(loss) | 5,846 | 3,384 | 4,866 | 2,244 |
Balance at end of period | ($110,583) | ' | ($110,583) | ' |
Commitments_and_Contingencies_
Commitments and Contingencies - Additional Information (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | |
Rigs | Employees | |||
Rigs | ||||
Other Commitments [Line Items] | ' | ' | ' | ' |
Number of semisubmersibles | 14 | ' | 14 | ' |
Revenue recognized by drilling contract | $1,041,118,000 | $833,212,000 | $2,945,310,000 | $2,427,759,000 |
Percentage of uncertain tax positions likelihood of being sustained | ' | ' | 50.00% | ' |
Physical damage deductible per occurrence on rigs range minimum | ' | ' | 15,000,000 | ' |
Physical damage deductible per occurrence on rigs range maximum | ' | ' | 25,000,000 | ' |
Loss of hire coverage applies only to rigs operating under dayrate | ' | ' | 200,000 | ' |
Number of days waiting period | ' | ' | '45 days | ' |
Protection and indemnity policy, standard deductible (per occurrence) | ' | ' | 10,000,000 | ' |
Maximum liability coverage under protection and indemnity policy | ' | ' | 750,000,000 | ' |
Outstanding commitments including shipyard and purchase commitments | 2,600,000,000 | ' | 2,600,000,000 | ' |
Years of effectiveness of employment agreements after the termination of employment | ' | ' | '3 years | ' |
NIMASA surcharge on contracts performed by "vessels" in Nigerian coastal shipping trade; overturned and dismissed by Federal High Court of Nigeria | ' | ' | 2.00% | ' |
Percentage of employees contribution to Industrial Training Fund | ' | ' | 1.00% | ' |
Minimum number of employees In Entity To employer liable for contribution to Industrial Training Fund | ' | ' | 5 | ' |
Contingent Tax Assessment Year from Two Thousand Two to Two Thousand Five [Member] | ' | ' | ' | ' |
Other Commitments [Line Items] | ' | ' | ' | ' |
Removed potential contingent tax exposure settlement in Mexico | ' | ' | 348,000,000 | ' |
Contingent Tax Assessment Year Prior to Two Thousand Seven [Member] | ' | ' | ' | ' |
Other Commitments [Line Items] | ' | ' | ' | ' |
Removed potential contingent tax exposure settlement in Mexico | ' | ' | 502,000,000 | ' |
Customs and Other Business Taxes [Member] | ' | ' | ' | ' |
Other Commitments [Line Items] | ' | ' | ' | ' |
Audit claims, additional attributable to other business tax returns | ' | ' | 300,000,000 | ' |
Marathon Oil Company [Member] | ' | ' | ' | ' |
Other Commitments [Line Items] | ' | ' | ' | ' |
Drilling contract term | ' | ' | '4 years | ' |
Revenue recognized by drilling contract | ' | ' | 0 | ' |
Libya [Member] | ' | ' | ' | ' |
Other Commitments [Line Items] | ' | ' | ' | ' |
Number of semisubmersibles | 2 | ' | 2 | ' |
Operating dayrate (per day) | ' | ' | $538,000 | ' |
Segment_and_Related_Informatio2
Segment and Related Information - Summarized Financial Information of Reportable Segment (Detail) (USD $) | 3 Months Ended | 9 Months Ended | |||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Revenues from external customers | $1,078,881 | $884,032 | $3,067,241 | $2,580,645 | ' |
Depreciation and amortization | 223,711 | 195,087 | 642,456 | 549,779 | ' |
Segment operating income/(loss) | 378,381 | 178,924 | 862,032 | 567,062 | ' |
Interest expense, net of amount capitalized | -23,149 | -25,635 | -75,115 | -56,783 | ' |
Income tax (provision)/benefit | -55,830 | -25,162 | -127,006 | -93,107 | ' |
Segment profit/(loss) | 281,957 | 114,774 | 608,637 | 394,767 | ' |
Total assets (at end of period) | 15,729,331 | 14,460,406 | 15,729,331 | 14,460,406 | 14,607,774 |
Contract Drilling Services [Member] | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Revenues from external customers | 1,069,986 | 860,315 | 3,022,966 | 2,519,930 | ' |
Depreciation and amortization | 219,695 | 191,638 | 631,396 | 539,698 | ' |
Segment operating income/(loss) | 382,475 | 173,285 | 861,219 | 559,713 | ' |
Interest expense, net of amount capitalized | -317 | -121 | -539 | -315 | ' |
Income tax (provision)/benefit | -59,854 | -28,307 | -138,695 | -102,005 | ' |
Segment profit/(loss) | 303,617 | 130,983 | 669,107 | 434,561 | ' |
Total assets (at end of period) | 15,058,076 | 13,983,223 | 15,058,076 | 13,983,223 | ' |
Other [Member] | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Revenues from external customers | 8,895 | 23,717 | 44,275 | 60,715 | ' |
Depreciation and amortization | 4,016 | 3,449 | 11,060 | 10,081 | ' |
Segment operating income/(loss) | -4,094 | 5,639 | 813 | 7,349 | ' |
Interest expense, net of amount capitalized | -22,832 | -25,514 | -74,576 | -56,468 | ' |
Income tax (provision)/benefit | 4,024 | 3,145 | 11,689 | 8,898 | ' |
Segment profit/(loss) | -21,660 | -16,209 | -60,470 | -39,794 | ' |
Total assets (at end of period) | $671,255 | $477,183 | $671,255 | $477,183 | ' |
Net_Change_in_Other_Assets_and2
Net Change in Other Assets and Liabilities - Effect of Changes in Other Assets and Liabilities on Cash Flows from Operating Activities (Detail) (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Operating Capital [Line Items] | ' | ' |
Accounts receivable | ($92,073) | ($163,051) |
Other current assets | -50,738 | -58,303 |
Other assets | -8,129 | -25,543 |
Accounts payable | 9,357 | 29,470 |
Other current liabilities | 4,042 | 76,035 |
Other liabilities | 35,231 | 70,382 |
Net change in other assets and liabilities | -102,310 | -71,010 |
Noble-Cayman [Member] | ' | ' |
Operating Capital [Line Items] | ' | ' |
Accounts receivable | -92,073 | -163,051 |
Other current assets | -49,791 | -59,764 |
Other assets | -8,133 | -25,546 |
Accounts payable | 7,830 | 29,353 |
Other current liabilities | 4,702 | 79,436 |
Other liabilities | 35,227 | 64,215 |
Net change in other assets and liabilities | ($102,238) | ($75,357) |
Guarantees_of_Registered_Secur2
Guarantees of Registered Securities - Guarantor Obligations (Detail) (Noble-Cayman [Member]) | 9 Months Ended |
Sep. 30, 2013 | |
7.375% Senior Notes Due 2014 [Member] | ' |
Guarantor Obligations [Line Items] | ' |
Issuer (Co-Issuer(s)) | 'NHIL |
Guarantor(s) | 'Noble-Cayman |
3.45% Senior Notes Due 2015 [Member] | ' |
Guarantor Obligations [Line Items] | ' |
Issuer (Co-Issuer(s)) | 'NHIL |
Guarantor(s) | 'Noble-Cayman |
3.05% Senior Notes Due 2016 [Member] | ' |
Guarantor Obligations [Line Items] | ' |
Issuer (Co-Issuer(s)) | 'NHIL |
Guarantor(s) | 'Noble-Cayman |
2.50% Senior Notes Due 2017 [Member] | ' |
Guarantor Obligations [Line Items] | ' |
Issuer (Co-Issuer(s)) | 'NHIL |
Guarantor(s) | 'Noble-Cayman |
7.50% Senior Notes Due 2019 [Member] | ' |
Guarantor Obligations [Line Items] | ' |
Issuer (Co-Issuer(s)) | 'NDC; Noble Drilling Services 6 LLC ("NDS6") |
Guarantor(s) | 'Noble-Cayman; Noble Holding (U.S.) Coporation ("NHC"); Noble Drilling Holding LLC ("NDH") |
4.90% Senior Notes Due 2020 [Member] | ' |
Guarantor Obligations [Line Items] | ' |
Issuer (Co-Issuer(s)) | 'NHIL |
Guarantor(s) | 'Noble-Cayman |
4.625% Senior Notes Due 2021 [Member] | ' |
Guarantor Obligations [Line Items] | ' |
Issuer (Co-Issuer(s)) | 'NHIL |
Guarantor(s) | 'Noble-Cayman |
3.95% Senior Notes Due 2022 [Member] | ' |
Guarantor Obligations [Line Items] | ' |
Issuer (Co-Issuer(s)) | 'NHIL |
Guarantor(s) | 'Noble-Cayman |
6.20% Senior Notes due 2040 [Member] | ' |
Guarantor Obligations [Line Items] | ' |
Issuer (Co-Issuer(s)) | 'NHIL |
Guarantor(s) | 'Noble-Cayman |
6.05% Senior Notes Due 2041 [Member] | ' |
Guarantor Obligations [Line Items] | ' |
Issuer (Co-Issuer(s)) | 'NHIL |
Guarantor(s) | 'Noble-Cayman |
5.25% Senior Notes Due 2042 [Member] | ' |
Guarantor Obligations [Line Items] | ' |
Issuer (Co-Issuer(s)) | 'NHIL |
Guarantor(s) | 'Noble-Cayman |
Guarantees_of_Registered_Secur3
Guarantees of Registered Securities - Guarantor Obligations (Parenthetical) (Detail) (USD $) | Sep. 30, 2013 | Feb. 29, 2012 |
In Millions, unless otherwise specified | ||
7.375% Senior Notes Due 2014 [Member] | ' | ' |
Guarantor Obligations [Line Items] | ' | ' |
Interest rate on the notes | 7.38% | ' |
Senior notes, maturity date | '2014 | ' |
3.45% Senior Notes Due 2015 [Member] | ' | ' |
Guarantor Obligations [Line Items] | ' | ' |
Interest rate on the notes | 3.45% | ' |
Senior notes, maturity date | '2015 | ' |
3.05% Senior Notes Due 2016 [Member] | ' | ' |
Guarantor Obligations [Line Items] | ' | ' |
Interest rate on the notes | 3.05% | ' |
Senior notes, maturity date | '2016 | ' |
2.50% Senior Notes Due 2017 [Member] | ' | ' |
Guarantor Obligations [Line Items] | ' | ' |
Interest rate on the notes | 2.50% | 2.50% |
Senior notes, maturity date | '2017 | '2017 |
7.50% Senior Notes Due 2019 [Member] | ' | ' |
Guarantor Obligations [Line Items] | ' | ' |
Interest rate on the notes | 7.50% | ' |
Senior notes, maturity date | '2019 | ' |
4.90% Senior Notes Due 2020 [Member] | ' | ' |
Guarantor Obligations [Line Items] | ' | ' |
Interest rate on the notes | 4.90% | ' |
Senior notes, maturity date | '2020 | ' |
4.625% Senior Notes Due 2021 [Member] | ' | ' |
Guarantor Obligations [Line Items] | ' | ' |
Interest rate on the notes | 4.63% | ' |
Senior notes, maturity date | '2021 | ' |
3.95% Senior Notes Due 2022 [Member] | ' | ' |
Guarantor Obligations [Line Items] | ' | ' |
Interest rate on the notes | 3.95% | 3.95% |
Senior notes, maturity date | '2022 | '2022 |
6.20% Senior Notes due 2040 [Member] | ' | ' |
Guarantor Obligations [Line Items] | ' | ' |
Interest rate on the notes | 6.20% | ' |
Senior notes, maturity date | '2040 | ' |
6.05% Senior Notes Due 2041 [Member] | ' | ' |
Guarantor Obligations [Line Items] | ' | ' |
Interest rate on the notes | 6.05% | ' |
Senior notes, maturity date | '2041 | ' |
5.25% Senior Notes Due 2042 [Member] | ' | ' |
Guarantor Obligations [Line Items] | ' | ' |
Interest rate on the notes | 5.25% | 5.25% |
Senior notes, maturity date | '2042 | '2042 |
Noble-Cayman [Member] | 7.375% Senior Notes Due 2014 [Member] | ' | ' |
Guarantor Obligations [Line Items] | ' | ' |
Outstanding principal balance | 250 | ' |
Interest rate on the notes | 7.38% | ' |
Senior notes, maturity date | '2014 | ' |
Noble-Cayman [Member] | 3.45% Senior Notes Due 2015 [Member] | ' | ' |
Guarantor Obligations [Line Items] | ' | ' |
Outstanding principal balance | 350 | ' |
Interest rate on the notes | 3.45% | ' |
Senior notes, maturity date | '2015 | ' |
Noble-Cayman [Member] | 3.05% Senior Notes Due 2016 [Member] | ' | ' |
Guarantor Obligations [Line Items] | ' | ' |
Outstanding principal balance | 300 | ' |
Interest rate on the notes | 3.05% | ' |
Senior notes, maturity date | '2016 | ' |
Noble-Cayman [Member] | 2.50% Senior Notes Due 2017 [Member] | ' | ' |
Guarantor Obligations [Line Items] | ' | ' |
Outstanding principal balance | 300 | ' |
Interest rate on the notes | 2.50% | ' |
Senior notes, maturity date | '2017 | ' |
Noble-Cayman [Member] | 7.50% Senior Notes Due 2019 [Member] | ' | ' |
Guarantor Obligations [Line Items] | ' | ' |
Outstanding principal balance | 202 | ' |
Interest rate on the notes | 7.50% | ' |
Senior notes, maturity date | '2019 | ' |
Noble-Cayman [Member] | 4.90% Senior Notes Due 2020 [Member] | ' | ' |
Guarantor Obligations [Line Items] | ' | ' |
Outstanding principal balance | 500 | ' |
Interest rate on the notes | 4.90% | ' |
Senior notes, maturity date | '2020 | ' |
Noble-Cayman [Member] | 4.625% Senior Notes Due 2021 [Member] | ' | ' |
Guarantor Obligations [Line Items] | ' | ' |
Outstanding principal balance | 400 | ' |
Interest rate on the notes | 4.63% | ' |
Senior notes, maturity date | '2021 | ' |
Noble-Cayman [Member] | 3.95% Senior Notes Due 2022 [Member] | ' | ' |
Guarantor Obligations [Line Items] | ' | ' |
Outstanding principal balance | 400 | ' |
Interest rate on the notes | 3.95% | ' |
Senior notes, maturity date | '2022 | ' |
Noble-Cayman [Member] | 6.20% Senior Notes due 2040 [Member] | ' | ' |
Guarantor Obligations [Line Items] | ' | ' |
Outstanding principal balance | 400 | ' |
Interest rate on the notes | 6.20% | ' |
Senior notes, maturity date | '2040 | ' |
Noble-Cayman [Member] | 6.05% Senior Notes Due 2041 [Member] | ' | ' |
Guarantor Obligations [Line Items] | ' | ' |
Outstanding principal balance | 400 | ' |
Interest rate on the notes | 6.05% | ' |
Senior notes, maturity date | '2041 | ' |
Noble-Cayman [Member] | 5.25% Senior Notes Due 2042 [Member] | ' | ' |
Guarantor Obligations [Line Items] | ' | ' |
Outstanding principal balance | 500 | ' |
Interest rate on the notes | 5.25% | ' |
Senior notes, maturity date | '2042 | ' |
Guarantees_of_Registered_Secur4
Guarantees of Registered Securities - Summary of Impact of Change in Presentation on Historical Condensed Consolidating Balance Sheet and Condensed Consolidating Statement of Income (Detail) (USD $) | 3 Months Ended | 9 Months Ended | 3 Months Ended | 6 Months Ended | 9 Months Ended | 12 Months Ended | 3 Months Ended | 6 Months Ended | 9 Months Ended | 12 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 6 Months Ended | 9 Months Ended | 12 Months Ended | 3 Months Ended | 6 Months Ended | 9 Months Ended | 12 Months Ended | |||||||||||||||||||||||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Dec. 31, 2011 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Jun. 30, 2012 | Sep. 30, 2012 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Jun. 30, 2012 | Sep. 30, 2012 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Jun. 30, 2012 | Sep. 30, 2012 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Jun. 30, 2012 | Sep. 30, 2012 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
Other Non-guarantor Subsidiaries of Noble [Member] | Other Non-guarantor Subsidiaries of Noble [Member] | Other Non-guarantor Subsidiaries of Noble [Member] | Other Non-guarantor Subsidiaries of Noble [Member] | Other Non-guarantor Subsidiaries of Noble [Member] | Other Non-guarantor Subsidiaries of Noble [Member] | Other Non-guarantor Subsidiaries of Noble [Member] | Other Non-guarantor Subsidiaries of Noble [Member] | Other Non-guarantor Subsidiaries of Noble [Member] | Other Non-guarantor Subsidiaries of Noble [Member] | Other Non-guarantor Subsidiaries of Noble [Member] | Other Non-guarantor Subsidiaries of Noble [Member] | Other Non-guarantor Subsidiaries of Noble [Member] | Other Non-guarantor Subsidiaries of Noble [Member] | Other Non-guarantor Subsidiaries of Noble [Member] | Other Non-guarantor Subsidiaries of Noble [Member] | Consolidating Adjustments [Member] | Consolidating Adjustments [Member] | Consolidating Adjustments [Member] | Consolidating Adjustments [Member] | Consolidating Adjustments [Member] | Consolidating Adjustments [Member] | Consolidating Adjustments [Member] | Consolidating Adjustments [Member] | Consolidating Adjustments [Member] | Consolidating Adjustments [Member] | Consolidating Adjustments [Member] | Consolidating Adjustments [Member] | Consolidating Adjustments [Member] | Consolidating Adjustments [Member] | Consolidating Adjustments [Member] | Consolidating Adjustments [Member] | Consolidating Adjustments [Member] | Consolidating Adjustments [Member] | Consolidating Adjustments [Member] | Consolidating Adjustments [Member] | Consolidating Adjustments [Member] | |||||||
Scenario, Previously Reported [Member] | Scenario, Previously Reported [Member] | Scenario, Previously Reported [Member] | Scenario, Previously Reported [Member] | Scenario, Previously Reported [Member] | Scenario, Previously Reported [Member] | Scenario, Previously Reported [Member] | Scenario, Previously Reported [Member] | As Adjusted [Member] | As Adjusted [Member] | As Adjusted [Member] | As Adjusted [Member] | As Adjusted [Member] | As Adjusted [Member] | As Adjusted [Member] | As Adjusted [Member] | Scenario, Previously Reported [Member] | Scenario, Previously Reported [Member] | Scenario, Previously Reported [Member] | Scenario, Previously Reported [Member] | Scenario, Previously Reported [Member] | Scenario, Previously Reported [Member] | Scenario, Previously Reported [Member] | Scenario, Previously Reported [Member] | As Adjusted [Member] | As Adjusted [Member] | As Adjusted [Member] | As Adjusted [Member] | As Adjusted [Member] | As Adjusted [Member] | As Adjusted [Member] | As Adjusted [Member] | ||||||||||||
Organization Consolidation And Presentation Of Financial Statements [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net income | $300,459 | $129,680 | $661,498 | $421,698 | ' | ' | $211,597 | $253,086 | $173,657 | $426,743 | $638,340 | $280,763 | $634,128 | $1,023,782 | $211,597 | $253,086 | $173,657 | $426,743 | $638,340 | $280,763 | $634,128 | $1,023,782 | $519,955 | ($569,368) | ($801,090) | ($1,823,395) | ' | ($569,368) | ($662,439) | ($591,588) | ($1,254,027) | ($1,823,395) | ($1,891,202) | ($1,758,285) | ($2,963,512) | ($569,368) | ($662,439) | ($591,588) | ($1,254,027) | ($1,823,395) | ($1,891,202) | ($1,758,285) | ($2,963,512) |
Net income attributable to noncontrolling interests | -18,502 | -14,906 | -52,861 | -26,931 | ' | ' | -14,906 | -18,857 | 6,832 | -12,025 | -26,931 | -33,793 | 7,273 | -3 | -22,246 | -29,201 | -1,196 | -30,397 | -52,643 | -68,969 | -15,808 | -41,889 | 15,502 | 7,340 | 35,864 | 25,712 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 7,340 | 10,344 | 8,028 | 18,372 | 25,712 | 35,176 | 23,081 | 41,886 |
Net income attributable to Noble Corporation | 281,957 | 114,774 | 608,637 | 394,767 | ' | ' | 196,691 | 234,229 | 180,489 | 414,718 | 611,409 | 246,970 | 641,401 | 1,023,779 | 189,351 | 223,885 | 172,461 | 396,346 | 585,697 | 211,794 | 618,320 | 981,893 | 535,457 | -562,028 | -765,226 | -1,797,683 | ' | -569,368 | -662,439 | -591,588 | -1,254,027 | -1,823,395 | -1,891,202 | -1,758,285 | -2,963,512 | -562,028 | -652,095 | -583,560 | -1,235,655 | -1,797,683 | -1,856,026 | -1,735,204 | -2,921,626 |
Total shareholder equity | 8,108,559 | ' | 8,108,559 | ' | 7,723,166 | ' | ' | ' | ' | ' | ' | 9,913,839 | 9,853,129 | ' | ' | ' | ' | ' | ' | 9,509,343 | 9,483,809 | ' | -34,331,996 | ' | -34,331,996 | ' | -29,314,639 | ' | ' | ' | ' | ' | -29,719,135 | -28,268,572 | ' | ' | ' | ' | ' | ' | -29,314,639 | -27,899,252 | ' |
Noncontrolling interests | 748,257 | ' | 748,257 | ' | 765,124 | ' | ' | ' | ' | ' | ' | 765,124 | 691,331 | ' | ' | ' | ' | ' | ' | 1,169,620 | 1,060,651 | ' | -440,360 | ' | -440,360 | ' | -404,496 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -404,496 | -369,320 | ' |
Total equity | $8,856,816 | $8,389,322 | $8,856,816 | $8,389,322 | $8,488,290 | $8,097,852 | ' | ' | ' | ' | ' | $10,678,963 | $10,544,460 | ' | ' | ' | ' | ' | ' | $10,678,963 | $10,544,460 | ' | ($34,772,356) | ' | ($34,772,356) | ' | ($29,719,135) | ' | ' | ' | ' | ' | ($29,719,135) | ($28,268,572) | ' | ' | ' | ' | ' | ' | ($29,719,135) | ($28,268,572) | ' |
Guarantees_of_Registered_Secur5
Guarantees of Registered Securities - Condensed Consolidating Balance Sheet (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | ||||
Current assets | ' | ' | ' | ' |
Cash and cash equivalents | $178,370 | $282,092 | $218,467 | $239,196 |
Accounts receivable | 865,746 | 743,673 | ' | ' |
Taxes receivable | 143,635 | 112,423 | ' | ' |
Prepaid expenses | 52,752 | 43,962 | ' | ' |
Other current assets | 134,500 | 123,175 | ' | ' |
Total current assets | 1,375,003 | 1,305,325 | ' | ' |
Property and equipment, at cost | 18,606,931 | 16,971,666 | ' | ' |
Accumulated depreciation | -4,534,474 | -3,945,694 | ' | ' |
Property and equipment, net | 14,072,457 | 13,025,972 | ' | ' |
Other assets | 281,871 | 276,477 | ' | ' |
Total assets | 15,729,331 | 14,607,774 | 14,460,406 | ' |
Current liabilities | ' | ' | ' | ' |
Accounts payable | 318,013 | 350,147 | ' | ' |
Accrued payroll and related costs | 137,481 | 132,728 | ' | ' |
Taxes payable | 134,318 | 135,257 | ' | ' |
Other current liabilities | 202,422 | 226,948 | ' | ' |
Total current liabilities | 984,586 | 911,449 | ' | ' |
Long-term debt | 5,307,838 | 4,634,375 | ' | ' |
Deferred income taxes | 187,648 | 226,045 | ' | ' |
Other liabilities | 392,443 | 347,615 | ' | ' |
Total liabilities | 6,872,515 | 6,119,484 | ' | ' |
Commitments and contingencies | ' | ' | ' | ' |
Total shareholder equity | 8,108,559 | 7,723,166 | ' | ' |
Noncontrolling interest | 748,257 | 765,124 | ' | ' |
Total equity | 8,856,816 | 8,488,290 | 8,389,322 | 8,097,852 |
Total liabilities and equity | 15,729,331 | 14,607,774 | ' | ' |
Noble-Cayman [Member] | ' | ' | ' | ' |
Current assets | ' | ' | ' | ' |
Cash and cash equivalents | 5 | 1,003 | ' | 146 |
Accounts receivable | ' | ' | ' | ' |
Taxes receivable | ' | ' | ' | ' |
Prepaid expenses | ' | ' | ' | ' |
Short-term notes receivable from affiliates | ' | ' | ' | ' |
Accounts receivable from affiliates | 978,461 | 664,375 | ' | ' |
Other current assets | ' | 235 | ' | ' |
Total current assets | 978,466 | 665,613 | ' | ' |
Property and equipment, at cost | ' | ' | ' | ' |
Accumulated depreciation | ' | ' | ' | ' |
Property and equipment, net | ' | ' | ' | ' |
Notes receivable from affiliates | 3,816,463 | 3,816,463 | ' | ' |
Investments in affiliates | 8,507,009 | 7,770,066 | ' | ' |
Other assets | 6,144 | 5,798 | ' | ' |
Total assets | 13,308,082 | 12,257,940 | ' | ' |
Current liabilities | ' | ' | ' | ' |
Short-term notes payables from affiliates | 78,016 | 90,314 | ' | ' |
Accounts payable | ' | ' | ' | ' |
Accrued payroll and related costs | ' | ' | ' | ' |
Accounts payable to affiliates | 1,061,152 | 900,063 | ' | ' |
Taxes payable | ' | ' | ' | ' |
Other current liabilities | 496 | 1,594 | ' | ' |
Total current liabilities | 1,139,664 | 991,971 | ' | ' |
Long-term debt | 1,312,864 | 639,794 | ' | ' |
Notes payable to affiliates | 2,557,787 | 2,840,287 | ' | ' |
Deferred income taxes | ' | ' | ' | ' |
Other liabilities | 19,930 | 19,930 | ' | ' |
Total liabilities | 5,030,245 | 4,491,982 | ' | ' |
Commitments and contingencies | ' | ' | ' | ' |
Total shareholder equity | 8,277,837 | 7,765,958 | ' | ' |
Noncontrolling interest | ' | ' | ' | ' |
Total equity | 8,277,837 | 7,765,958 | ' | ' |
Total liabilities and equity | 13,308,082 | 12,257,940 | ' | ' |
NHC and NDH Combined [Member] | ' | ' | ' | ' |
Current assets | ' | ' | ' | ' |
Cash and cash equivalents | 123 | 904 | 435 | 385 |
Accounts receivable | 59,250 | 14,885 | ' | ' |
Taxes receivable | 41,407 | 8,341 | ' | ' |
Prepaid expenses | 749 | 396 | ' | ' |
Short-term notes receivable from affiliates | 869,476 | 119,476 | ' | ' |
Accounts receivable from affiliates | 157,252 | 140,014 | ' | ' |
Other current assets | 4,418 | 639 | ' | ' |
Total current assets | 1,132,675 | 284,655 | ' | ' |
Property and equipment, at cost | 2,518,896 | 2,735,223 | ' | ' |
Accumulated depreciation | -328,045 | -283,028 | ' | ' |
Property and equipment, net | 2,190,851 | 2,452,195 | ' | ' |
Notes receivable from affiliates | 675,000 | 1,206,000 | ' | ' |
Investments in affiliates | 12,100,603 | 9,170,923 | ' | ' |
Other assets | 5,266 | 320 | ' | ' |
Total assets | 16,104,395 | 13,114,093 | ' | ' |
Current liabilities | ' | ' | ' | ' |
Short-term notes payables from affiliates | 127,036 | 51,054 | ' | ' |
Accounts payable | 4,338 | 6,522 | ' | ' |
Accrued payroll and related costs | 8,085 | 6,176 | ' | ' |
Accounts payable to affiliates | 4,998,213 | 4,806,235 | ' | ' |
Taxes payable | 13,434 | 9,152 | ' | ' |
Other current liabilities | 5,270 | ' | ' | ' |
Total current liabilities | 5,156,376 | 4,879,139 | ' | ' |
Long-term debt | ' | ' | ' | ' |
Notes payable to affiliates | 586,979 | 648,475 | ' | ' |
Deferred income taxes | ' | ' | ' | ' |
Other liabilities | 23,106 | 17,815 | ' | ' |
Total liabilities | 5,766,461 | 5,545,429 | ' | ' |
Commitments and contingencies | ' | ' | ' | ' |
Total shareholder equity | 10,337,934 | 7,568,664 | ' | ' |
Noncontrolling interest | ' | ' | ' | ' |
Total equity | 10,337,934 | 7,568,664 | ' | ' |
Total liabilities and equity | 16,104,395 | 13,114,093 | ' | ' |
NDC [Member] | ' | ' | ' | ' |
Current assets | ' | ' | ' | ' |
Cash and cash equivalents | ' | ' | ' | ' |
Accounts receivable | 3,388 | 3,335 | ' | ' |
Taxes receivable | ' | ' | ' | ' |
Prepaid expenses | 8 | 9 | ' | ' |
Short-term notes receivable from affiliates | ' | ' | ' | ' |
Accounts receivable from affiliates | 1,154,776 | 1,015,204 | ' | ' |
Other current assets | 196 | 196 | ' | ' |
Total current assets | 1,158,368 | 1,018,744 | ' | ' |
Property and equipment, at cost | 77,253 | 76,428 | ' | ' |
Accumulated depreciation | -61,592 | -58,411 | ' | ' |
Property and equipment, net | 15,661 | 18,017 | ' | ' |
Notes receivable from affiliates | ' | ' | ' | ' |
Investments in affiliates | 3,310,205 | 3,386,879 | ' | ' |
Other assets | 266 | 543 | ' | ' |
Total assets | 4,484,500 | 4,424,183 | ' | ' |
Current liabilities | ' | ' | ' | ' |
Short-term notes payables from affiliates | 114,149 | 110,770 | ' | ' |
Accounts payable | 537 | 1,183 | ' | ' |
Accrued payroll and related costs | 8,865 | 7,611 | ' | ' |
Accounts payable to affiliates | 3,908 | 5,444 | ' | ' |
Taxes payable | 9 | ' | ' | ' |
Other current liabilities | 240 | 240 | ' | ' |
Total current liabilities | 127,708 | 125,248 | ' | ' |
Long-term debt | ' | ' | ' | ' |
Notes payable to affiliates | ' | ' | ' | ' |
Deferred income taxes | 15,731 | 15,731 | ' | ' |
Other liabilities | ' | ' | ' | ' |
Total liabilities | 143,439 | 140,979 | ' | ' |
Commitments and contingencies | ' | ' | ' | ' |
Total shareholder equity | 4,341,061 | 4,283,204 | ' | ' |
Noncontrolling interest | ' | ' | ' | ' |
Total equity | 4,341,061 | 4,283,204 | ' | ' |
Total liabilities and equity | 4,484,500 | 4,424,183 | ' | ' |
NHIL [Member] | ' | ' | ' | ' |
Current assets | ' | ' | ' | ' |
Cash and cash equivalents | 8 | 2 | 19 | ' |
Accounts receivable | ' | ' | ' | ' |
Taxes receivable | ' | ' | ' | ' |
Prepaid expenses | ' | ' | ' | ' |
Short-term notes receivable from affiliates | ' | ' | ' | ' |
Accounts receivable from affiliates | 172,379 | 526,483 | ' | ' |
Other current assets | ' | ' | ' | ' |
Total current assets | 172,387 | 526,485 | ' | ' |
Property and equipment, at cost | ' | ' | ' | ' |
Accumulated depreciation | ' | ' | ' | ' |
Property and equipment, net | ' | ' | ' | ' |
Notes receivable from affiliates | 3,524,814 | 3,524,814 | ' | ' |
Investments in affiliates | 8,521,927 | 7,413,361 | ' | ' |
Other assets | 23,395 | 25,895 | ' | ' |
Total assets | 12,242,523 | 11,490,555 | ' | ' |
Current liabilities | ' | ' | ' | ' |
Short-term notes payables from affiliates | ' | ' | ' | ' |
Accounts payable | ' | ' | ' | ' |
Accrued payroll and related costs | ' | ' | ' | ' |
Accounts payable to affiliates | 236,008 | 165,065 | ' | ' |
Taxes payable | ' | ' | ' | ' |
Other current liabilities | 17,128 | 62,430 | ' | ' |
Total current liabilities | 253,136 | 227,495 | ' | ' |
Long-term debt | 3,793,279 | 3,792,886 | ' | ' |
Notes payable to affiliates | 975,000 | 975,000 | ' | ' |
Deferred income taxes | ' | ' | ' | ' |
Other liabilities | ' | ' | ' | ' |
Total liabilities | 5,021,415 | 4,995,381 | ' | ' |
Commitments and contingencies | ' | ' | ' | ' |
Total shareholder equity | 7,221,108 | 6,495,174 | ' | ' |
Noncontrolling interest | ' | ' | ' | ' |
Total equity | 7,221,108 | 6,495,174 | ' | ' |
Total liabilities and equity | 12,242,523 | 11,490,555 | ' | ' |
NDS6 [Member] | ' | ' | ' | ' |
Current assets | ' | ' | ' | ' |
Cash and cash equivalents | ' | ' | ' | ' |
Accounts receivable | ' | ' | ' | ' |
Taxes receivable | ' | ' | ' | ' |
Prepaid expenses | ' | ' | ' | ' |
Short-term notes receivable from affiliates | 606,269 | 586,769 | ' | ' |
Accounts receivable from affiliates | 65,991 | 38,895 | ' | ' |
Other current assets | ' | ' | ' | ' |
Total current assets | 672,260 | 625,664 | ' | ' |
Property and equipment, at cost | ' | ' | ' | ' |
Accumulated depreciation | ' | ' | ' | ' |
Property and equipment, net | ' | ' | ' | ' |
Notes receivable from affiliates | 5,000 | 479,107 | ' | ' |
Investments in affiliates | 2,332,612 | 1,977,906 | ' | ' |
Other assets | 668 | 759 | ' | ' |
Total assets | 3,010,540 | 3,083,436 | ' | ' |
Current liabilities | ' | ' | ' | ' |
Short-term notes payables from affiliates | 750,000 | ' | ' | ' |
Accounts payable | ' | ' | ' | ' |
Accrued payroll and related costs | ' | ' | ' | ' |
Accounts payable to affiliates | 77,296 | 77,075 | ' | ' |
Taxes payable | ' | ' | ' | ' |
Other current liabilities | 630 | 4,412 | ' | ' |
Total current liabilities | 827,926 | 81,487 | ' | ' |
Long-term debt | 201,695 | 201,695 | ' | ' |
Notes payable to affiliates | 811,000 | 1,342,000 | ' | ' |
Deferred income taxes | ' | ' | ' | ' |
Other liabilities | ' | ' | ' | ' |
Total liabilities | 1,840,621 | 1,625,182 | ' | ' |
Commitments and contingencies | ' | ' | ' | ' |
Total shareholder equity | 1,169,919 | 1,458,254 | ' | ' |
Noncontrolling interest | ' | ' | ' | ' |
Total equity | 1,169,919 | 1,458,254 | ' | ' |
Total liabilities and equity | 3,010,540 | 3,083,436 | ' | ' |
Other Non-guarantor Subsidiaries of Noble [Member] | ' | ' | ' | ' |
Current assets | ' | ' | ' | ' |
Cash and cash equivalents | 173,581 | 275,466 | 213,227 | 234,525 |
Accounts receivable | 803,108 | 725,453 | ' | ' |
Taxes receivable | 101,831 | 103,969 | ' | ' |
Prepaid expenses | 48,572 | 40,827 | ' | ' |
Short-term notes receivable from affiliates | 319,201 | 252,138 | ' | ' |
Accounts receivable from affiliates | 6,311,688 | 5,855,066 | ' | ' |
Other current assets | 129,390 | 121,579 | ' | ' |
Total current assets | 7,887,371 | 7,374,498 | ' | ' |
Property and equipment, at cost | 15,973,482 | 14,123,496 | ' | ' |
Accumulated depreciation | -4,136,365 | -3,597,079 | ' | ' |
Property and equipment, net | 11,837,117 | 10,526,417 | ' | ' |
Notes receivable from affiliates | 1,827,879 | 2,171,875 | ' | ' |
Investments in affiliates | ' | ' | ' | ' |
Other assets | 246,217 | 243,243 | ' | ' |
Total assets | 21,798,584 | 20,316,033 | ' | ' |
Current liabilities | ' | ' | ' | ' |
Short-term notes payables from affiliates | 725,745 | 706,245 | ' | ' |
Accounts payable | 311,058 | 341,889 | ' | ' |
Accrued payroll and related costs | 112,220 | 110,149 | ' | ' |
Accounts payable to affiliates | 2,463,970 | 2,286,155 | ' | ' |
Taxes payable | 116,628 | 121,692 | ' | ' |
Other current liabilities | 178,658 | 158,259 | ' | ' |
Total current liabilities | 3,908,279 | 3,724,389 | ' | ' |
Long-term debt | ' | ' | ' | ' |
Notes payable to affiliates | 4,918,390 | 5,392,497 | ' | ' |
Deferred income taxes | 171,917 | 210,314 | ' | ' |
Other liabilities | 349,407 | 309,870 | ' | ' |
Total liabilities | 9,347,993 | 9,637,070 | ' | ' |
Commitments and contingencies | ' | ' | ' | ' |
Total shareholder equity | 11,261,974 | 9,509,343 | ' | ' |
Noncontrolling interest | 1,188,617 | 1,169,620 | ' | ' |
Total equity | 12,450,591 | 10,678,963 | ' | ' |
Total liabilities and equity | 21,798,584 | 20,316,033 | ' | ' |
Consolidating Adjustments [Member] | ' | ' | ' | ' |
Current assets | ' | ' | ' | ' |
Cash and cash equivalents | ' | ' | ' | ' |
Accounts receivable | ' | ' | ' | ' |
Taxes receivable | ' | ' | ' | ' |
Prepaid expenses | ' | ' | ' | ' |
Short-term notes receivable from affiliates | -1,794,946 | -958,383 | ' | ' |
Accounts receivable from affiliates | -8,840,547 | -8,240,037 | ' | ' |
Other current assets | ' | ' | ' | ' |
Total current assets | -10,635,493 | -9,198,420 | ' | ' |
Property and equipment, at cost | ' | ' | ' | ' |
Accumulated depreciation | ' | ' | ' | ' |
Property and equipment, net | ' | ' | ' | ' |
Notes receivable from affiliates | -9,849,156 | -11,198,259 | ' | ' |
Investments in affiliates | -34,772,356 | -29,719,135 | ' | ' |
Other assets | ' | ' | ' | ' |
Total assets | -55,257,005 | -50,115,814 | ' | ' |
Current liabilities | ' | ' | ' | ' |
Short-term notes payables from affiliates | -1,794,946 | -958,383 | ' | ' |
Accounts payable | ' | ' | ' | ' |
Accrued payroll and related costs | ' | ' | ' | ' |
Accounts payable to affiliates | -8,840,547 | -8,240,037 | ' | ' |
Taxes payable | ' | ' | ' | ' |
Other current liabilities | ' | ' | ' | ' |
Total current liabilities | -10,635,493 | -9,198,420 | ' | ' |
Long-term debt | ' | ' | ' | ' |
Notes payable to affiliates | -9,849,156 | -11,198,259 | ' | ' |
Deferred income taxes | ' | ' | ' | ' |
Other liabilities | ' | ' | ' | ' |
Total liabilities | -20,484,649 | -20,396,679 | ' | ' |
Commitments and contingencies | ' | ' | ' | ' |
Total shareholder equity | -34,331,996 | -29,314,639 | ' | ' |
Noncontrolling interest | -440,360 | -404,496 | ' | ' |
Total equity | -34,772,356 | -29,719,135 | ' | ' |
Total liabilities and equity | -55,257,005 | -50,115,814 | ' | ' |
Noble-Cayman [Member] | ' | ' | ' | ' |
Current assets | ' | ' | ' | ' |
Cash and cash equivalents | 173,717 | 277,375 | 213,681 | 235,056 |
Accounts receivable | 865,746 | 743,673 | ' | ' |
Taxes receivable | 143,238 | 112,310 | ' | ' |
Prepaid expenses | 49,329 | 41,232 | ' | ' |
Short-term notes receivable from affiliates | ' | ' | ' | ' |
Accounts receivable from affiliates | ' | ' | ' | ' |
Other current assets | 134,004 | 122,649 | ' | ' |
Total current assets | 1,366,034 | 1,297,239 | ' | ' |
Property and equipment, at cost | 18,569,631 | 16,935,147 | ' | ' |
Accumulated depreciation | -4,526,002 | -3,938,518 | ' | ' |
Property and equipment, net | 14,043,629 | 12,996,629 | ' | ' |
Notes receivable from affiliates | ' | ' | ' | ' |
Investments in affiliates | ' | ' | ' | ' |
Other assets | 281,956 | 276,558 | ' | ' |
Total assets | 15,691,619 | 14,570,426 | ' | ' |
Current liabilities | ' | ' | ' | ' |
Short-term notes payables from affiliates | ' | ' | ' | ' |
Accounts payable | 315,933 | 349,594 | ' | ' |
Accrued payroll and related costs | 129,170 | 123,936 | ' | ' |
Accounts payable to affiliates | ' | ' | ' | ' |
Taxes payable | 130,071 | 130,844 | ' | ' |
Other current liabilities | 202,422 | 226,935 | ' | ' |
Total current liabilities | 777,596 | 831,309 | ' | ' |
Long-term debt | 5,307,838 | 4,634,375 | ' | ' |
Notes payable to affiliates | ' | ' | ' | ' |
Deferred income taxes | 187,648 | 226,045 | ' | ' |
Other liabilities | 392,443 | 347,615 | ' | ' |
Total liabilities | 6,665,525 | 6,039,344 | ' | ' |
Commitments and contingencies | ' | ' | ' | ' |
Total shareholder equity | 8,277,837 | 7,765,958 | ' | ' |
Noncontrolling interest | 748,257 | 765,124 | ' | ' |
Total equity | 9,026,094 | 8,531,082 | 8,468,426 | 8,073,633 |
Total liabilities and equity | $15,691,619 | $14,570,426 | ' | ' |
Guarantees_of_Registered_Secur6
Guarantees of Registered Securities - Condensed Consolidating Statement of Income (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Operating revenues | ' | ' | ' | ' |
Contract drilling services | $1,041,118 | $833,212 | $2,945,310 | $2,427,759 |
Reimbursables | 29,242 | 28,137 | 78,676 | 94,090 |
Labor contract drilling services | 8,493 | 22,667 | 43,150 | 58,538 |
Total operating revenues | 1,078,881 | 884,032 | 3,067,241 | 2,580,645 |
Operating costs and expenses | ' | ' | ' | ' |
Contract drilling services | 488,250 | 449,125 | 1,464,320 | 1,292,638 |
Reimbursables | 23,671 | 21,047 | 61,294 | 76,618 |
Labor contract drilling services | 8,153 | 12,991 | 29,804 | 34,070 |
Depreciation and amortization | 223,711 | 195,087 | 642,456 | 549,779 |
General and administrative | 33,776 | 26,858 | 86,196 | 75,388 |
Loss on impairment | 3,585 | 0 | 3,585 | 18,345 |
Gain on disposal of assets, net | -35,646 | ' | ' | ' |
Gain on contract settlements/extinguishments, net | -45,000 | 0 | -46,800 | -33,255 |
Total operating costs and expenses | 700,500 | 705,108 | 2,205,209 | 2,013,583 |
Operating income (loss) | 378,381 | 178,924 | 862,032 | 567,062 |
Other income (expense) | ' | ' | ' | ' |
Interest expense, net of amounts capitalized | -23,149 | -25,635 | -75,115 | -56,783 |
Interest income and other, net | 1,057 | 1,553 | 1,587 | 4,526 |
Income before income taxes | 356,289 | 154,842 | 788,504 | 514,805 |
Income tax provision | -55,830 | -25,162 | -127,006 | -93,107 |
Net income | 300,459 | 129,680 | 661,498 | 421,698 |
Net income attributable to noncontrolling interests | -18,502 | -14,906 | -52,861 | -26,931 |
Net income attributable to Noble Corporation | 281,957 | 114,774 | 608,637 | 394,767 |
Other comprehensive income, net | 5,846 | 3,384 | 4,866 | 2,244 |
Comprehensive income attributable to Noble Corporation | 287,803 | 118,158 | 613,503 | 397,011 |
Noble-Cayman [Member] | ' | ' | ' | ' |
Operating revenues | ' | ' | ' | ' |
Contract drilling services | ' | ' | ' | ' |
Reimbursables | ' | ' | ' | ' |
Labor contract drilling services | ' | ' | ' | ' |
Other | ' | ' | ' | ' |
Total operating revenues | ' | ' | ' | ' |
Operating costs and expenses | ' | ' | ' | ' |
Contract drilling services | 1,665 | 1,355 | 3,600 | 3,794 |
Reimbursables | ' | ' | ' | ' |
Labor contract drilling services | ' | ' | ' | ' |
Depreciation and amortization | ' | ' | ' | ' |
General and administrative | 252 | 426 | 1,544 | 1,237 |
Loss on impairment | ' | ' | ' | ' |
Gain on disposal of assets, net | ' | ' | ' | ' |
Gain on contract settlements/extinguishments, net | -45,000 | ' | -45,000 | ' |
Total operating costs and expenses | -43,083 | 1,781 | -39,856 | 5,031 |
Operating income (loss) | 43,083 | -1,781 | 39,856 | -5,031 |
Other income (expense) | ' | ' | ' | ' |
Equity earnings in affiliates, net of tax | 301,048 | 162,311 | 736,942 | 515,132 |
Interest expense, net of amounts capitalized | -34,941 | -30,496 | -105,720 | -76,396 |
Interest income and other, net | 1,664 | 1,689 | 4,941 | 5,640 |
Income before income taxes | 310,854 | 131,723 | 676,019 | 439,345 |
Income tax provision | ' | ' | ' | ' |
Net income | 310,854 | 131,723 | 676,019 | 439,345 |
Net income attributable to noncontrolling interests | ' | ' | ' | ' |
Net income attributable to Noble Corporation | 310,854 | 131,723 | 676,019 | 439,345 |
Other comprehensive income, net | 5,846 | 3,384 | 4,866 | 2,244 |
Comprehensive income attributable to Noble Corporation | 316,700 | 135,107 | 680,885 | 441,589 |
NHC and NDH Combined [Member] | ' | ' | ' | ' |
Operating revenues | ' | ' | ' | ' |
Contract drilling services | 67,831 | 36,149 | 201,101 | 117,488 |
Reimbursables | 1,796 | 389 | 5,117 | 6,199 |
Labor contract drilling services | ' | ' | ' | ' |
Other | ' | ' | ' | ' |
Total operating revenues | 69,627 | 36,538 | 206,218 | 123,687 |
Operating costs and expenses | ' | ' | ' | ' |
Contract drilling services | 24,776 | 13,948 | 61,079 | 42,642 |
Reimbursables | 1,509 | 216 | 4,332 | 5,641 |
Labor contract drilling services | ' | ' | ' | ' |
Depreciation and amortization | 15,937 | 15,500 | 46,120 | 45,577 |
General and administrative | 831 | 1,447 | 4,845 | 4,258 |
Loss on impairment | ' | ' | ' | ' |
Gain on disposal of assets, net | ' | ' | ' | ' |
Gain on contract settlements/extinguishments, net | ' | ' | ' | -4,869 |
Total operating costs and expenses | 43,053 | 31,111 | 116,376 | 93,249 |
Operating income (loss) | 26,574 | 5,427 | 89,842 | 30,438 |
Other income (expense) | ' | ' | ' | ' |
Equity earnings in affiliates, net of tax | 189,686 | 69,069 | 392,101 | 358,234 |
Interest expense, net of amounts capitalized | -5,604 | -8,964 | -18,604 | -37,881 |
Interest income and other, net | 20,354 | 11,080 | 42,205 | 29,771 |
Income before income taxes | 231,010 | 76,612 | 505,544 | 380,562 |
Income tax provision | -51,021 | -8,639 | -41,278 | -30,902 |
Net income | 179,989 | 67,973 | 464,266 | 349,660 |
Net income attributable to noncontrolling interests | ' | ' | ' | ' |
Net income attributable to Noble Corporation | 179,989 | 67,973 | 464,266 | 349,660 |
Other comprehensive income, net | ' | ' | ' | ' |
Comprehensive income attributable to Noble Corporation | 179,989 | 67,973 | 464,266 | 349,660 |
NDC [Member] | ' | ' | ' | ' |
Operating revenues | ' | ' | ' | ' |
Contract drilling services | 5,126 | 5,061 | 15,135 | 14,941 |
Reimbursables | ' | ' | ' | ' |
Labor contract drilling services | ' | ' | ' | ' |
Other | ' | ' | ' | ' |
Total operating revenues | 5,126 | 5,061 | 15,135 | 14,941 |
Operating costs and expenses | ' | ' | ' | ' |
Contract drilling services | 2,231 | 1,919 | 5,842 | 5,529 |
Reimbursables | ' | ' | ' | ' |
Labor contract drilling services | ' | ' | ' | ' |
Depreciation and amortization | 1,174 | 1,181 | 3,377 | 3,278 |
General and administrative | ' | ' | 1 | ' |
Loss on impairment | ' | ' | ' | ' |
Gain on disposal of assets, net | ' | ' | ' | ' |
Gain on contract settlements/extinguishments, net | ' | ' | ' | ' |
Total operating costs and expenses | 3,405 | 3,100 | 9,220 | 8,807 |
Operating income (loss) | 1,721 | 1,961 | 5,915 | 6,134 |
Other income (expense) | ' | ' | ' | ' |
Equity earnings in affiliates, net of tax | 40,619 | 36,463 | 53,787 | 92,343 |
Interest expense, net of amounts capitalized | -503 | -852 | -1,842 | -3,040 |
Interest income and other, net | -7 | 9 | -7 | 4 |
Income before income taxes | 41,830 | 37,581 | 57,853 | 95,441 |
Income tax provision | ' | ' | ' | ' |
Net income | 41,830 | 37,581 | 57,853 | 95,441 |
Net income attributable to noncontrolling interests | ' | ' | ' | ' |
Net income attributable to Noble Corporation | 41,830 | 37,581 | 57,853 | 95,441 |
Other comprehensive income, net | ' | ' | ' | ' |
Comprehensive income attributable to Noble Corporation | 41,830 | 37,581 | 57,853 | 95,441 |
NHIL [Member] | ' | ' | ' | ' |
Operating revenues | ' | ' | ' | ' |
Contract drilling services | ' | ' | ' | ' |
Reimbursables | ' | ' | ' | ' |
Labor contract drilling services | ' | ' | ' | ' |
Other | ' | ' | ' | ' |
Total operating revenues | ' | ' | ' | ' |
Operating costs and expenses | ' | ' | ' | ' |
Contract drilling services | 29,339 | 19,636 | 79,188 | 56,048 |
Reimbursables | ' | ' | ' | ' |
Labor contract drilling services | ' | ' | ' | ' |
Depreciation and amortization | ' | ' | ' | ' |
General and administrative | 2,672 | 9,700 | 20,788 | 28,137 |
Loss on impairment | ' | ' | ' | ' |
Gain on disposal of assets, net | ' | ' | ' | ' |
Gain on contract settlements/extinguishments, net | ' | ' | ' | ' |
Total operating costs and expenses | 32,011 | 29,336 | 99,976 | 84,185 |
Operating income (loss) | -32,011 | -29,336 | -99,976 | -84,185 |
Other income (expense) | ' | ' | ' | ' |
Equity earnings in affiliates, net of tax | 330,102 | 172,364 | 796,217 | 583,122 |
Interest expense, net of amounts capitalized | -32,646 | -33,509 | -99,911 | -83,975 |
Interest income and other, net | 44,809 | 37,430 | 129,601 | 99,609 |
Income before income taxes | 310,254 | 146,949 | 725,931 | 514,571 |
Income tax provision | ' | ' | ' | ' |
Net income | 310,254 | 146,949 | 725,931 | 514,571 |
Net income attributable to noncontrolling interests | ' | ' | ' | ' |
Net income attributable to Noble Corporation | 310,254 | 146,949 | 725,931 | 514,571 |
Other comprehensive income, net | ' | ' | ' | ' |
Comprehensive income attributable to Noble Corporation | 310,254 | 146,949 | 725,931 | 514,571 |
NDS6 [Member] | ' | ' | ' | ' |
Operating revenues | ' | ' | ' | ' |
Contract drilling services | ' | ' | ' | ' |
Reimbursables | ' | ' | ' | ' |
Labor contract drilling services | ' | ' | ' | ' |
Other | ' | ' | ' | ' |
Total operating revenues | ' | ' | ' | ' |
Operating costs and expenses | ' | ' | ' | ' |
Contract drilling services | ' | ' | ' | ' |
Reimbursables | ' | ' | ' | ' |
Labor contract drilling services | ' | ' | ' | ' |
Depreciation and amortization | ' | ' | ' | ' |
General and administrative | ' | 1 | 1 | 1 |
Loss on impairment | ' | ' | ' | ' |
Gain on disposal of assets, net | ' | ' | ' | ' |
Gain on contract settlements/extinguishments, net | ' | ' | ' | ' |
Total operating costs and expenses | ' | 1 | 1 | 1 |
Operating income (loss) | ' | -1 | -1 | -1 |
Other income (expense) | ' | ' | ' | ' |
Equity earnings in affiliates, net of tax | -1,381,410 | 129,161 | -1,177,957 | 274,564 |
Interest expense, net of amounts capitalized | -14,998 | -11,832 | -38,388 | -31,020 |
Interest income and other, net | 1,524,744 | 2,846 | 1,537,410 | 8,771 |
Income before income taxes | 128,336 | 120,174 | 321,064 | 252,314 |
Income tax provision | ' | ' | ' | ' |
Net income | 128,336 | 120,174 | 321,064 | 252,314 |
Net income attributable to noncontrolling interests | ' | ' | ' | ' |
Net income attributable to Noble Corporation | 128,336 | 120,174 | 321,064 | 252,314 |
Other comprehensive income, net | ' | ' | ' | ' |
Comprehensive income attributable to Noble Corporation | 128,336 | 120,174 | 321,064 | 252,314 |
Other Non-guarantor Subsidiaries of Noble [Member] | ' | ' | ' | ' |
Operating revenues | ' | ' | ' | ' |
Contract drilling services | 991,221 | 809,858 | 2,795,505 | 2,352,618 |
Reimbursables | 27,446 | 27,748 | 73,559 | 87,891 |
Labor contract drilling services | 8,493 | 22,667 | 43,150 | 58,538 |
Other | 28 | 16 | 105 | 1,190 |
Total operating revenues | 1,027,188 | 860,289 | 2,912,319 | 2,500,237 |
Operating costs and expenses | ' | ' | ' | ' |
Contract drilling services | 451,162 | 425,223 | 1,364,841 | 1,231,176 |
Reimbursables | 22,162 | 20,831 | 56,962 | 70,977 |
Labor contract drilling services | 8,153 | 12,991 | 29,804 | 34,070 |
Depreciation and amortization | 206,065 | 177,914 | 591,662 | 499,416 |
General and administrative | 3,496 | 3,913 | 10,503 | 11,331 |
Loss on impairment | 3,585 | ' | 3,585 | 18,345 |
Gain on disposal of assets, net | -35,646 | ' | -35,646 | ' |
Gain on contract settlements/extinguishments, net | ' | ' | -1,800 | -28,386 |
Total operating costs and expenses | 658,977 | 640,872 | 2,019,911 | 1,836,929 |
Operating income (loss) | 368,211 | 219,417 | 892,408 | 663,308 |
Other income (expense) | ' | ' | ' | ' |
Equity earnings in affiliates, net of tax | ' | ' | ' | ' |
Interest expense, net of amounts capitalized | -1,548,475 | -20,221 | -1,595,902 | -60,193 |
Interest income and other, net | 22,869 | 28,546 | 72,285 | 96,295 |
Income before income taxes | -1,157,395 | 227,742 | -631,209 | 699,410 |
Income tax provision | -4,467 | -16,145 | -83,954 | -61,070 |
Net income | -1,161,862 | 211,597 | -715,163 | 638,340 |
Net income attributable to noncontrolling interests | -34,004 | -22,246 | -88,725 | -52,643 |
Net income attributable to Noble Corporation | -1,195,866 | 189,351 | -803,888 | 585,697 |
Other comprehensive income, net | 5,846 | 3,384 | 4,866 | 2,244 |
Comprehensive income attributable to Noble Corporation | -1,190,020 | 192,735 | -799,022 | 587,941 |
Consolidating Adjustments [Member] | ' | ' | ' | ' |
Operating revenues | ' | ' | ' | ' |
Contract drilling services | -23,060 | -17,856 | -66,431 | -57,288 |
Reimbursables | ' | ' | ' | ' |
Labor contract drilling services | ' | ' | ' | ' |
Other | ' | ' | ' | -932 |
Total operating revenues | -23,060 | -17,856 | -66,431 | -58,220 |
Operating costs and expenses | ' | ' | ' | ' |
Contract drilling services | -23,060 | -17,856 | -66,431 | -58,220 |
Reimbursables | ' | ' | ' | ' |
Labor contract drilling services | ' | ' | ' | ' |
Depreciation and amortization | ' | ' | ' | ' |
General and administrative | ' | ' | ' | ' |
Loss on impairment | ' | ' | ' | ' |
Gain on disposal of assets, net | ' | ' | ' | ' |
Gain on contract settlements/extinguishments, net | ' | ' | ' | ' |
Total operating costs and expenses | -23,060 | -17,856 | -66,431 | -58,220 |
Operating income (loss) | ' | ' | ' | ' |
Other income (expense) | ' | ' | ' | ' |
Equity earnings in affiliates, net of tax | 519,955 | -569,368 | -801,090 | -1,823,395 |
Interest expense, net of amounts capitalized | 1,614,018 | 80,239 | 1,785,252 | 235,722 |
Interest income and other, net | -1,614,018 | -80,239 | -1,785,252 | -235,722 |
Income before income taxes | 519,955 | -569,368 | -801,090 | -1,823,395 |
Income tax provision | ' | ' | ' | ' |
Net income | 519,955 | -569,368 | -801,090 | -1,823,395 |
Net income attributable to noncontrolling interests | 15,502 | 7,340 | 35,864 | 25,712 |
Net income attributable to Noble Corporation | 535,457 | -562,028 | -765,226 | -1,797,683 |
Other comprehensive income, net | -5,846 | -3,384 | -4,866 | -2,244 |
Comprehensive income attributable to Noble Corporation | 529,611 | -565,412 | -770,092 | -1,799,927 |
Noble-Cayman [Member] | ' | ' | ' | ' |
Operating revenues | ' | ' | ' | ' |
Contract drilling services | 1,041,118 | 833,212 | 2,945,310 | 2,427,759 |
Reimbursables | 29,242 | 28,137 | 78,676 | 94,090 |
Labor contract drilling services | 8,493 | 22,667 | 43,150 | 58,538 |
Other | 28 | 16 | 105 | 258 |
Total operating revenues | 1,078,881 | 884,032 | 3,067,241 | 2,580,645 |
Operating costs and expenses | ' | ' | ' | ' |
Contract drilling services | 486,113 | 444,225 | 1,448,119 | 1,280,969 |
Reimbursables | 23,671 | 21,047 | 61,294 | 76,618 |
Labor contract drilling services | 8,153 | 12,991 | 29,804 | 34,070 |
Depreciation and amortization | 223,176 | 194,595 | 641,159 | 548,271 |
General and administrative | 7,251 | 15,487 | 37,682 | 44,964 |
Loss on impairment | 3,585 | 0 | 3,585 | 18,345 |
Gain on disposal of assets, net | -35,646 | ' | -35,646 | ' |
Gain on contract settlements/extinguishments, net | -45,000 | 0 | -46,800 | -33,255 |
Total operating costs and expenses | 671,303 | 688,345 | 2,139,197 | 1,969,982 |
Operating income (loss) | 407,578 | 195,687 | 928,044 | 610,663 |
Other income (expense) | ' | ' | ' | ' |
Equity earnings in affiliates, net of tax | ' | ' | ' | ' |
Interest expense, net of amounts capitalized | -23,149 | -25,635 | -75,115 | -56,783 |
Interest income and other, net | 415 | 1,361 | 1,183 | 4,368 |
Income before income taxes | 384,844 | 171,413 | 854,112 | 558,248 |
Income tax provision | -55,488 | -24,784 | -125,232 | -91,972 |
Net income | 329,356 | 146,629 | 728,880 | 466,276 |
Net income attributable to noncontrolling interests | -18,502 | -14,906 | -52,861 | -26,931 |
Net income attributable to Noble Corporation | 310,854 | 131,723 | 676,019 | 439,345 |
Other comprehensive income, net | 5,846 | 3,384 | 4,866 | 2,244 |
Comprehensive income attributable to Noble Corporation | $316,700 | $135,107 | $680,885 | $441,589 |
Guarantees_of_Registered_Secur7
Guarantees of Registered Securities - Condensed Consolidating Statement of Cash Flows (Detail) (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Cash flows from operating activities | ' | ' |
Net cash from operating activities | $1,161,654 | $931,504 |
Cash flows from investing activities | ' | ' |
Proceeds from disposal of assets | 61,000 | 0 |
Net cash from investing activities | -1,730,673 | -1,442,183 |
Cash flows from financing activities | ' | ' |
Net change in borrowings outstanding on bank credit facilities | 973,055 | -630,000 |
Repayment of long-term debt | -300,000 | 0 |
Proceeds from issuance of senior notes, net | 0 | 1,186,636 |
Contributions from joint venture partner | 0 | 40,000 |
Financing costs on credit facilities | -2,432 | -5,014 |
Net cash from financing activities | 465,297 | 489,950 |
Net change in cash and cash equivalents | -103,722 | -20,729 |
Cash and cash equivalents, beginning of period | 282,092 | 239,196 |
Cash and cash equivalents, end of period | 178,370 | 218,467 |
Noble-Cayman [Member] | ' | ' |
Cash flows from operating activities | ' | ' |
Net cash from operating activities | -79,174 | -59,614 |
Cash flows from investing activities | ' | ' |
New construction and capital expenditures | ' | ' |
Proceeds from disposal of assets | ' | ' |
Notes receivable from affiliates | ' | ' |
Net cash from investing activities | ' | ' |
Cash flows from financing activities | ' | ' |
Net change in borrowings outstanding on bank credit facilities | 973,055 | -630,000 |
Repayment of long-term debt | -300,000 | ' |
Proceeds from issuance of senior notes, net | ' | ' |
Contributions from joint venture partner | ' | ' |
Financing costs on credit facilities | -2,432 | -5,014 |
Dividends paid to joint venture partner | ' | ' |
Distributions to parent company, net | -187,610 | -129,139 |
Advances (to) from affiliates | -110,039 | -364,666 |
Notes payable to affiliates | -294,798 | 1,188,287 |
Net cash from financing activities | 78,176 | 59,468 |
Net change in cash and cash equivalents | -998 | -146 |
Cash and cash equivalents, beginning of period | 1,003 | 146 |
Cash and cash equivalents, end of period | 5 | ' |
NHC and NDH Combined [Member] | ' | ' |
Cash flows from operating activities | ' | ' |
Net cash from operating activities | 46,344 | 7,563 |
Cash flows from investing activities | ' | ' |
New construction and capital expenditures | -1,070,669 | -499,141 |
Proceeds from disposal of assets | ' | ' |
Notes receivable from affiliates | ' | ' |
Net cash from investing activities | -1,070,669 | -499,141 |
Cash flows from financing activities | ' | ' |
Net change in borrowings outstanding on bank credit facilities | ' | ' |
Repayment of long-term debt | ' | ' |
Proceeds from issuance of senior notes, net | ' | ' |
Contributions from joint venture partner | ' | ' |
Financing costs on credit facilities | ' | ' |
Dividends paid to joint venture partner | ' | ' |
Distributions to parent company, net | ' | ' |
Advances (to) from affiliates | 1,023,544 | 491,628 |
Notes payable to affiliates | ' | ' |
Net cash from financing activities | 1,023,544 | 491,628 |
Net change in cash and cash equivalents | -781 | 50 |
Cash and cash equivalents, beginning of period | 904 | 385 |
Cash and cash equivalents, end of period | 123 | 435 |
NDC [Member] | ' | ' |
Cash flows from operating activities | ' | ' |
Net cash from operating activities | 8,285 | 8,989 |
Cash flows from investing activities | ' | ' |
New construction and capital expenditures | -559 | -1,040 |
Proceeds from disposal of assets | ' | ' |
Notes receivable from affiliates | ' | ' |
Net cash from investing activities | -559 | -1,040 |
Cash flows from financing activities | ' | ' |
Net change in borrowings outstanding on bank credit facilities | ' | ' |
Repayment of long-term debt | ' | ' |
Proceeds from issuance of senior notes, net | ' | ' |
Contributions from joint venture partner | ' | ' |
Financing costs on credit facilities | ' | ' |
Dividends paid to joint venture partner | ' | ' |
Distributions to parent company, net | ' | ' |
Advances (to) from affiliates | -7,726 | -7,949 |
Notes payable to affiliates | ' | ' |
Net cash from financing activities | -7,726 | -7,949 |
Net change in cash and cash equivalents | ' | ' |
Cash and cash equivalents, beginning of period | ' | ' |
Cash and cash equivalents, end of period | ' | ' |
NHIL [Member] | ' | ' |
Cash flows from operating activities | ' | ' |
Net cash from operating activities | -113,088 | -107,638 |
Cash flows from investing activities | ' | ' |
New construction and capital expenditures | ' | ' |
Proceeds from disposal of assets | ' | ' |
Notes receivable from affiliates | ' | -1,188,287 |
Net cash from investing activities | ' | -1,188,287 |
Cash flows from financing activities | ' | ' |
Net change in borrowings outstanding on bank credit facilities | ' | ' |
Repayment of long-term debt | ' | ' |
Proceeds from issuance of senior notes, net | ' | 1,186,636 |
Contributions from joint venture partner | ' | ' |
Financing costs on credit facilities | ' | ' |
Dividends paid to joint venture partner | ' | ' |
Distributions to parent company, net | ' | ' |
Advances (to) from affiliates | 113,094 | 109,308 |
Notes payable to affiliates | ' | ' |
Net cash from financing activities | 113,094 | 1,295,944 |
Net change in cash and cash equivalents | 6 | 19 |
Cash and cash equivalents, beginning of period | 2 | ' |
Cash and cash equivalents, end of period | 8 | 19 |
NDS6 [Member] | ' | ' |
Cash flows from operating activities | ' | ' |
Net cash from operating activities | 1,495,330 | -25,942 |
Cash flows from investing activities | ' | ' |
New construction and capital expenditures | ' | ' |
Proceeds from disposal of assets | ' | ' |
Notes receivable from affiliates | ' | ' |
Net cash from investing activities | ' | ' |
Cash flows from financing activities | ' | ' |
Net change in borrowings outstanding on bank credit facilities | ' | ' |
Repayment of long-term debt | ' | ' |
Proceeds from issuance of senior notes, net | ' | ' |
Contributions from joint venture partner | ' | ' |
Financing costs on credit facilities | ' | ' |
Dividends paid to joint venture partner | ' | ' |
Distributions to parent company, net | ' | ' |
Advances (to) from affiliates | -1,495,330 | 25,942 |
Notes payable to affiliates | ' | ' |
Net cash from financing activities | -1,495,330 | 25,942 |
Net change in cash and cash equivalents | ' | ' |
Cash and cash equivalents, beginning of period | ' | ' |
Cash and cash equivalents, end of period | ' | ' |
Other Non-guarantor Subsidiaries of Noble [Member] | ' | ' |
Cash flows from operating activities | ' | ' |
Net cash from operating activities | -144,753 | 1,133,499 |
Cash flows from investing activities | ' | ' |
New construction and capital expenditures | -719,659 | -940,534 |
Proceeds from disposal of assets | 61,000 | ' |
Notes receivable from affiliates | 294,798 | ' |
Net cash from investing activities | -363,861 | -940,534 |
Cash flows from financing activities | ' | ' |
Net change in borrowings outstanding on bank credit facilities | ' | ' |
Repayment of long-term debt | ' | ' |
Proceeds from issuance of senior notes, net | ' | ' |
Contributions from joint venture partner | ' | 40,000 |
Financing costs on credit facilities | ' | ' |
Dividends paid to joint venture partner | -69,728 | ' |
Distributions to parent company, net | ' | ' |
Advances (to) from affiliates | 476,457 | -254,263 |
Notes payable to affiliates | ' | ' |
Net cash from financing activities | 406,729 | -214,263 |
Net change in cash and cash equivalents | -101,885 | -21,298 |
Cash and cash equivalents, beginning of period | 275,466 | 234,525 |
Cash and cash equivalents, end of period | 173,581 | 213,227 |
Consolidating Adjustments [Member] | ' | ' |
Cash flows from operating activities | ' | ' |
Net cash from operating activities | ' | ' |
Cash flows from investing activities | ' | ' |
New construction and capital expenditures | ' | ' |
Proceeds from disposal of assets | ' | ' |
Notes receivable from affiliates | -294,798 | 1,188,287 |
Net cash from investing activities | -294,798 | 1,188,287 |
Cash flows from financing activities | ' | ' |
Net change in borrowings outstanding on bank credit facilities | ' | ' |
Repayment of long-term debt | ' | ' |
Proceeds from issuance of senior notes, net | ' | ' |
Contributions from joint venture partner | ' | ' |
Financing costs on credit facilities | ' | ' |
Dividends paid to joint venture partner | ' | ' |
Distributions to parent company, net | ' | ' |
Advances (to) from affiliates | ' | ' |
Notes payable to affiliates | 294,798 | -1,188,287 |
Net cash from financing activities | 294,798 | -1,188,287 |
Net change in cash and cash equivalents | ' | ' |
Cash and cash equivalents, beginning of period | ' | ' |
Cash and cash equivalents, end of period | ' | ' |
Noble-Cayman [Member] | ' | ' |
Cash flows from operating activities | ' | ' |
Net cash from operating activities | 1,212,944 | 956,857 |
Cash flows from investing activities | ' | ' |
New construction and capital expenditures | -1,790,887 | -1,440,715 |
Proceeds from disposal of assets | 61,000 | 0 |
Notes receivable from affiliates | ' | ' |
Net cash from investing activities | -1,729,887 | -1,440,715 |
Cash flows from financing activities | ' | ' |
Net change in borrowings outstanding on bank credit facilities | 973,055 | -630,000 |
Repayment of long-term debt | -300,000 | 0 |
Proceeds from issuance of senior notes, net | 0 | 1,186,636 |
Contributions from joint venture partner | 0 | 40,000 |
Financing costs on credit facilities | -2,432 | -5,014 |
Dividends paid to joint venture partner | -69,728 | ' |
Distributions to parent company, net | -187,610 | -129,139 |
Advances (to) from affiliates | ' | ' |
Notes payable to affiliates | ' | ' |
Net cash from financing activities | 413,285 | 462,483 |
Net change in cash and cash equivalents | -103,658 | -21,375 |
Cash and cash equivalents, beginning of period | 277,375 | 235,056 |
Cash and cash equivalents, end of period | $173,717 | $213,681 |