Friday, February 6, 2009

Diamond Offshore Drilling Q4

Revenues $903.2 million (+35.4%)

Operating income $456.2 million (+59.4%)

Operating margin 50.5% (42.8%)

Income per share $2.11(+77.3%)

Balance sheet

Assets
Current $1.47 billion
Total $4.94 billion

Liabilities
Current $0.50 billion
Total $1.64 billion

P/E 6.9
P/B 2.7

The operating margin for high spec floaters in the fourth quarter was whopping 73%.

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