EXHIBIT 99.2
ATWOOD OCEANICS, INC. AND SUBSIDIARIES
UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share amounts)
Three Months Ended Nine Months Ended
June 30, June 30,
------------------------ ------------------------
2007 2006 2007 2006
---- ---- ---- ----
REVENUES:
Contract drilling $ 98,371 $ 71,865 $ 278,875 $ 194,808
Business interruption proceeds - - 2,558 -
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98,371 71,865 281,433 194,808
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COSTS AND EXPENSES:
Contract drilling 47,484 32,136 140,211 103,176
Depreciation 8,438 6,192 24,782 18,789
General and administrative 5,949 4,830 17,991 15,428
Gain on sale of equipment (157) (1,075) (341) (10,350)
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61,714 42,083 182,643 127,043
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OPERATING INCOME 36,657 29,782 98,790 67,765
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OTHER INCOME (EXPENSE)
Interest expense, net of capitalized interest (392) (1,435) (1,317) (4,642)
Interest income 304 259 1,177 828
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(88) (1,176) (140) (3,814)
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INCOME BEFORE INCOME TAXES 36,569 28,606 98,650 63,951
PROVISION (BENEFIT) FOR INCOME TAXES 4,536 (4,185) 13,775 1,008
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NET INCOME $32,033 $32,791 $84,875 $62,943
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EARNINGS PER COMMON SHARE:
Basic 1.02 1.06 2.72 2.04
Diluted 1.00 1.04 2.68 2.00
AVERAGE COMMON SHARES OUTSTANDING:
Basic 31,491 31,037 31,233 30,900
Diluted 31,964 31,580 31,718 31,411