Revenues $494.8 million (+2%)
Net cash provided by operations $77.3 million (-29%)
Income from operations $198.2 million(+34%)
Net income $131.7 million (+33%)
Net margin 26.6%
EPS $1.16 (+32%)
Balance sheet
Assets
Current $1,297.8 million
Total $4,568.6 million
Liabilities
Current $4620.3 million
Total $1,774.3 million
Equity $2,794.3 million
P/E 4.42, P/B 0.73
CEO Ralls on outlook
"While all of our jack-ups are under contract today, we are likely to have idle time on jack-ups in both the Gulf of Mexico and the Middle East in the near future. Nonetheless, we continue to believe that the quality of our rigs and our operational reputation will enable us to maintain above average utilization of our available jack-ups."
Earnings release
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