Overview Financials News + Filings Key Docs Charts Ownership Insiders
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| In millions, except per share items | Dec-31-06 | Dec-31-05 | Dec-31-04 | Dec-31-03 | Dec-31-02 | Dec-31-01 |
| | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Revenues: |
| Contract drilling | 2,540.2 | 1,640.2 | 1,176.9 | 1,263.9 | 1,458.8 | 960.4 |
| Drilling | | | | | | 974.1 |
| Drilling management services | 718.8 | 566.6 | 515.2 | 523.4 | 400.6 | 417.3 |
| Oil and gas | 53.6 | 56.7 | 31.6 | 20.9 | 10.6 | 13.9 |
| Total revenues | 3,312.6 | 2,263.5 | 1,723.7 | 1,808.2 | 1,870.0 | 1,383.6 |
| Revenue growth [+] | 46.3% | 31.3% | -4.7% | -3.3% | 35.2% | |
| Contract drilling | 54.9% | 39.4% | -6.9% | -13.4% | 51.9% | |
| Drilling management services | 26.9% | 10.0% | -1.6% | 30.7% | -4.0% | |
| Oil and gas | -5.5% | 79.4% | 51.2% | 97.2% | -23.7% | |
| Cost of goods sold | 1,814.1 | 1,491.6 | 1,304.4 | 1,373.9 | 1,266.2 | 859.1 |
| Gross profit | 1,498.5 | 771.9 | 419.3 | 434.3 | 603.8 | 524.5 |
| Gross margin | 45.2% | 34.1% | 24.3% | 24.0% | 32.3% | 37.9% |
| Selling, general and administrative [+] | 84.0 | 60.2 | 56.5 | 47.8 | 58.4 | 26.0 |
| General and administrative | 84.0 | 60.2 | 56.5 | 47.8 | 58.4 | 26.0 |
| Other operating expenses | 304.7 | 275.3 | 256.8 | 257.5 | 239.1 | 146.3 |
| EBITDA [+] | 1,414.5 | 711.7 | 366.8 | 402.2 | 560.7 | 498.5 |
| EBITDA growth | 98.7% | 94.0% | -8.8% | -28.3% | 12.5% | |
| EBITDA margin | 42.7% | 31.4% | 21.3% | 22.2% | 30.0% | 36.0% |
| Depreciation and amortization | 304.7 | 275.3 | 260.8 | 273.2 | 254.4 | 146.3 |
| EBIT [+] | 1,109.8 | 436.4 | 106.0 | 129.0 | 306.3 | 352.2 |
| EBIT growth | 154.3% | 311.7% | -17.8% | -57.9% | -13.0% | |
| EBIT margin | 33.5% | 19.3% | 6.1% | 7.1% | 16.4% | 25.5% |
| Non-recurring items | | -28.0 | -27.8 | 3.4 | | -13.3 |
| Interest expense, net [+] | 13.5 | 18.6 | 43.2 | 56.3 | 42.0 | 43.5 |
| Interest expense | 37.0 | 41.3 | 55.5 | 67.5 | 57.1 | 57.4 |
| Interest income | 23.5 | 22.7 | 12.3 | 11.2 | 15.1 | 13.9 |
| Other income (expense), net | 21.6 | 40.2 | 7.4 | 59.9 | 22.8 | 0.5 |
| Pre-tax income | 1,117.9 | 486.0 | 98.0 | 129.2 | 287.1 | 322.5 |
| Income taxes | 111.5 | 62.9 | 66.6 | -11.7 | -20.3 | 123.7 |
| Tax rate | 10.0% | 12.9% | 68.0% | | | 38.4% |
| Net income | 1,006.4 | 423.1 | 143.7 | 129.4 | 277.9 | 198.8 |
| Net margin | 30.4% | 18.7% | 8.3% | 7.2% | 14.9% | 14.4% |
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| Basic EPS [+] | $4.19 | $1.76 | $0.13 | $0.49 | $1.12 | $1.52 |
| Growth | 138.1% | 1220.4% | -72.5% | -56.7% | -26.3% | |
| Diluted EPS [+] | $4.13 | $1.73 | $0.13 | $0.49 | $1.11 | $1.50 |
| Growth | 138.7% | 1197.9% | -72.5% | -56.3% | -26.0% | |
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| Shares outstanding (basic) [+] | 240.2 | 240.4 | 235.6 | 235.3 | 233.5 | 130.8 |
| Growth | -0.1% | 2.0% | 0.1% | 0.7% | 78.6% | |
| Shares outstanding (diluted) [+] | 243.7 | 244.6 | 235.6 | 235.3 | 235.5 | 132.5 |
| Growth | -0.4% | 3.8% | 0.1% | -0.1% | 77.7% | |
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| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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