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PRIDE INTERNATIONAL INC (PDE)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-10Dec-31-09Dec-31-08Dec-31-07Dec-31-06Dec-31-05Dec-31-04Dec-31-03
   10-K10-K10-K10-K10-K10-K10-K10-K
REVENUES          
Revenues, excluding reimbursable revenues  1,431.51,563.51,664.71,294.2    
    Reimbursable revenues  28.630.737.934.8    
    Total revenues  1,460.11,594.21,702.61,329.01,518.81,281.61,712.21,565.8
            Total revenues growth  -8.4%-6.4%28.1%-12.5%18.5%-25.1%9.3%32.7%
COSTS AND EXPENSES          
Operating costs, excluding depreciation and amortization  871.9828.3766.5     
Reimbursable costs  24.927.334.930.8    
   
Depreciation and amortization          
General and administrative, excluding depreciation and amortization  103.9110.5126.7138.1    
Department of Justice and Securities and Exchange Commission fines   56.2      
Loss (gain) on sales of assets, net  0.2-0.40.1-29.8    
    COSTS AND EXPENSES  1,184.91,180.91,075.5910.8    
EARNINGS FROM OPERATIONS  275.2413.3627.1418.2    
            Operating margin  18.8%25.9%36.8%31.5%    
   
OTHER INCOME (EXPENSE), NET          
Interest expense, net of amounts capitalized  -13.4-0.1-20.0-83.1-78.2-87.7-103.3-116.0
Refinancing charges  -16.7 -2.3     
Interest income  2.93.016.814.34.21.83.93.2
    Other income (expense), net  4.0-4.120.6-2.7  -0.5-5.3
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES  252.0412.1642.2346.7292.1134.9113.8104.5
INCOME TAXES  8.671.8133.586.9117.455.661.734.0
            Tax rate  3.4%17.4%20.8%25.1%40.2%41.2%54.2%32.5%
INCOME FROM CONTINUING OPERATIONS, NET OF TAX  243.4340.3508.7259.8    
    INCOME (LOSS) FROM DISCONTINUED OPERATIONS, NET OF TAX  -24.3-54.5342.4522.0125.969.0-17.7-16.0
    NET INCOME  219.1285.8851.1778.3296.5128.69.932.0
   
BASIC EARNINGS PER SHARE:          
Income from continuing operations attributable to common shareholders  0.00.00.00.00.00.00.00.0
    Income (loss) from discontinued operations  0.00.00.00.00.00.00.00.0
   
    Net income  $1.23$1.62$4.94$4.66$1.82$0.84$0.07($0.12)
   
DILUTED EARNINGS PER SHARE:          
Income from continuing operations attributable to common shareholders  0.00.00.00.0    
    Income (loss) from discontinued operations  0.00.00.00.00.00.00.00.0
    Net income  $1.23$1.61$4.83$4.41$1.72$0.81$0.07($0.06)
   
SHARES USED IN PER SHARE CALCULATIONS          
Basic  175.6173.7170.6165.6162.8152.5135.8134.7
Diluted  176.2174.0175.2178.1176.5160.9137.3154.7

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