| In millions, except per share items | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 | Dec-31-10 | Dec-31-09 | Dec-31-08 | Dec-31-07 |
| | 8-K | 8-K | 8-K | 10-K | 10-K | 10-K | 10-K/A | 10-K |
| Revenues: |
| Contract drilling services | 807.2 | 666.1 | 423.9 | 366.4 | 178.5 | 69.9 | | |
| Management fees | | | | 13.7 | 18.1 | 18.8 | 0.8 | |
| Reimbursables | 54.0 | 51.3 | 41.0 | | 81.8 | 22.7 | 0.1 | |
| Other | 14.4 | 14.6 | 6.6 | 105.3 | | | | |
| Total revenues | 875.6 | 732.1 | 471.5 | 485.3 | 278.4 | 111.5 | 0.9 | 0.0 |
| Revenue growth [+] | 19.6% | 55.3% | -2.9% | 74.3% | 149.7% | 12111.7% | | |
| Contract drilling services | 21.2% | 57.1% | 15.7% | 105.2% | 155.3% | | | |
| Management fees | | | | -24.2% | -3.8% | 2182.4% | | |
| Reimbursables | 5.2% | 25.2% | | | 259.6% | 25745.5% | | |
| Cost of goods sold | 421.5 | 335.9 | 230.1 | 284.4 | 176.4 | 66.2 | 9.4 | 0.0 |
| Gross profit | 454.1 | 396.1 | 241.4 | 200.9 | 102.0 | 45.3 | -8.5 | 0.0 |
| Gross margin | 51.9% | 54.1% | 51.2% | 41.4% | 36.6% | 40.6% | -933.4% | |
| Selling, general and administrative [+] | 34.1 | 32.6 | 26.0 | 26.3 | 21.7 | 15.7 | 9.3 | 0.9 |
| General and administrative | 34.1 | 32.6 | 26.0 | 26.3 | 21.7 | 15.7 | 9.3 | 0.9 |
| Other operating expenses | 126.6 | 106.6 | 68.7 | 64.5 | 33.4 | 11.2 | 34.3 | 0.0 |
| EBITDA [+] | 420.0 | 363.5 | 215.4 | 174.6 | 80.3 | 29.6 | -52.1 | -0.9 |
| EBITDA growth | 15.5% | 68.8% | 23.3% | 117.5% | 171.5% | -156.8% | 5457.3% | |
| EBITDA margin | 48.0% | 49.7% | 45.7% | 36.0% | 28.8% | 26.5% | -5703.4% | |
| Depreciation and amortization | 126.6 | 106.6 | 68.7 | 64.5 | 33.4 | 11.2 | 0.1 | 0.0 |
| EBIT [+] | 293.3 | 256.9 | 146.6 | 110.2 | 46.9 | 18.4 | -52.2 | -0.9 |
| EBIT growth | 14.2% | 75.2% | 33.1% | 134.8% | 155.6% | -135.2% | 5409.3% | |
| EBIT margin | 33.5% | 35.1% | 31.1% | 22.7% | 16.9% | 16.5% | -5714.5% | |
| Interest expense, net [+] | 213.9 | 213.9 | 149.0 | 154.8 | 49.3 | 8.2 | -4.0 | -7.7 |
| Interest expense | 213.9 | 214.1 | 149.1 | 154.9 | 49.8 | 8.2 | 0.1 | |
| Interest income | 0.0 | 0.2 | 0.1 | 0.1 | 0.6 | 0.0 | 4.1 | 7.7 |
| Other income (expense), net [+] | 2.6 | -96.7 | -124.0 | -23.9 | -26.3 | 0.6 | 0.1 | |
| Gain (loss) on debt retirement | 3.8 | -98.3 | -124.6 | | | | | |
| Other | 1.2 | -1.6 | -0.6 | | | | | |
| Pre-tax income | 82.0 | -53.7 | -126.4 | -68.5 | -28.6 | 10.8 | -48.0 | 6.8 |
| Income taxes | 40.0 | 28.1 | 18.9 | 11.4 | 19.0 | 2.0 | -0.7 | 2.3 |
| Tax rate | 48.8% | | | | | 18.2% | 1.4% | 34.0% |
| Net income | 42.0 | -81.8 | 0.0 | -80.0 | -47.6 | 8.8 | -47.4 | 4.5 |
| Net margin | 4.8% | -11.2% | 0.0% | -16.5% | -17.1% | 7.9% | -5189.3% | |
| |
| Basic EPS [+] | $0.14 | ($0.27) | | ($0.28) | ($0.19) | $0.07 | ($0.78) | $0.16 |
| Growth | -151.9% | | | 47.4% | -371.4% | -109.0% | -587.5% | |
| Diluted EPS [+] | $0.14 | ($0.27) | | ($0.28) | ($0.19) | $0.07 | ($0.78) | $0.14 |
| Growth | -151.9% | | | 47.4% | -371.4% | -109.0% | -657.1% | |
| |
| Shares outstanding (basic) [+] | 300.0 | 303.1 | | 285.5 | 250.4 | 126.3 | 60.7 | 27.8 |
| Growth | -1.0% | | | 14.0% | 98.3% | 107.9% | 118.2% | |
| Shares outstanding (diluted) [+] | 300.0 | 303.1 | | 285.5 | 250.4 | 126.3 | 60.7 | 31.8 |
| Growth | -1.0% | | | 14.0% | 98.3% | 107.9% | 91.0% | |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |