Overview Financials News + Filings Key Docs Charts Ownership Insiders
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| In millions, except per share items | Dec-31-10 | Dec-31-09 | Dec-31-08 | Dec-31-07 | Dec-31-06 | Dec-31-05 | Dec-31-04 | Dec-31-03 |
| | 10-K | 10-K | 10-K | 10-K/A | 10-K/A | 10-K | 10-K | 10-K |
| Revenues: |
| Contract drilling | 90.3 | 70.7 | 140.9 | | | | | |
| Total revenues | 1.0 | 8.5 | 95.2 | 2.4 | 46.1 | 77.9 | 3.2 | 2.0 |
| Revenue growth [+] | -88.3% | -91.1% | 3793.0% | -94.7% | -40.9% | 2331.6% | 60.5% | |
| Contract drilling | 27.7% | -49.8% | | | | | | |
| Cost of goods sold | 0.0 | 0.0 | 0.0 | 17.7 | 34.3 | 44.7 | 0.0 | 0.0 |
| Gross profit | 1.0 | 8.5 | 95.2 | -15.2 | 11.8 | 33.2 | 3.2 | 2.0 |
| Gross margin | 100.0% | 100.0% | 100.0% | -623.2% | 25.5% | 42.6% | 100.0% | 100.0% |
| Selling, general and administrative [+] | 17.1 | 15.8 | 29.8 | 9.8 | 8.0 | 9.4 | 1.7 | 1.2 |
| General and administrative | 17.1 | 15.8 | 29.8 | 9.8 | 8.0 | 9.4 | 1.7 | 1.2 |
| Other operating expenses | 28.4 | 36.2 | 39.2 | -15.8 | | 9.1 | 3.7 | 2.0 |
| EBITDA [+] | -15.3 | -6.6 | 65.7 | 4.1 | 13.9 | 23.8 | 1.5 | 0.8 |
| EBITDA growth | 133.9% | -110.0% | 1506.2% | -70.6% | -41.7% | 1456.5% | 98.2% | |
| EBITDA margin | -1547.7% | -77.3% | 69.0% | 167.1% | 30.2% | 30.6% | 47.8% | 38.7% |
| Depreciation and amortization | 29.2 | 36.9 | 39.5 | 13.3 | 10.2 | 9.2 | 3.7 | 2.0 |
| EBIT [+] | -44.6 | -43.5 | 26.2 | -9.2 | 3.7 | 14.7 | -2.2 | -1.2 |
| EBIT growth | 2.5% | -265.8% | -385.1% | -346.5% | -74.5% | -764.2% | 81.6% | |
| EBIT margin | -4501.3% | -513.5% | 27.5% | -376.0% | 8.1% | 18.8% | -68.9% | -60.9% |
| Non-recurring items [+] | | | 21.1 | | | | | |
| Asset impairment | | | 21.1 | | | | | |
| Interest expense, net [+] | 4.5 | 6.7 | 3.0 | | | 1.0 | 0.3 | 0.0 |
| Interest expense | 4.7 | 6.9 | 4.0 | | | 1.4 | 0.3 | 0.0 |
| Interest income | 0.2 | 0.3 | 1.0 | | | 0.4 | 0.0 | 0.0 |
| Other income (expense), net | -3.6 | -25.1 | -12.8 | 19.5 | 0.2 | -2.0 | | |
| Pre-tax income | -52.6 | -75.3 | -10.7 | 10.3 | 3.9 | 11.7 | -2.5 | -1.2 |
| Income taxes | -18.1 | -27.2 | -5.3 | -3.4 | -2.3 | 6.5 | 0.3 | 0.3 |
| Tax rate | 34.5% | 36.1% | 50.1% | | | 56.0% | | |
| Earnings from continuing ops | -34.5 | -48.1 | -5.3 | | | 5.1 | -2.8 | -1.6 |
| Earnings from discontinued ops | -16.2 | -9.4 | -2.9 | | | | | |
| Net income | -50.7 | -57.6 | -8.2 | 0.0 | 0.0 | 5.1 | -2.8 | -1.6 |
| Net margin | -5118.9% | -679.8% | -8.7% | 0.0% | 0.0% | 6.6% | -86.4% | -77.7% |
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| Basic EPS [+] | ($1,273.67) | ($1,806.39) | ($202.15) | | | $0.31 | ($0.21) | ($0.12) |
| Growth | -29.5% | 793.6% | | | | -252.0% | 78.5% | |
| Diluted EPS [+] | ($1,273.67) | ($1,806.39) | ($202.15) | | | $0.16 | ($0.21) | ($0.12) |
| Growth | -29.5% | 793.6% | | | | -176.2% | 78.5% | |
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| Shares outstanding (basic) [+] | 0.0 | 0.0 | 0.0 | | | 16.3 | 13.4 | 13.4 |
| Growth | 1.7% | 1.4% | | | | 22.1% | 0.0% | |
| Shares outstanding (diluted) [+] | 0.0 | 0.0 | 0.0 | | | 32.5 | 13.4 | 13.4 |
| Growth | 1.7% | 1.4% | | | | 143.4% | 0.0% | |
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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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