PRIDE INTERNATIONAL INC (PDE) [Rocket]

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	10-K	10-K	10-K	10-K
Revenues:
Deepwater	930.5	823.1	882.2		479.0	359.4
Midwater	367.5	419.4	425.5		181.2	153.1
Other	70.9	83.0	119.2		182.2	95.8	98.0
Independent Leg Jackups	1.5	1.6	1.7
Other	89.7	267.1	274.0		676.4	673.3	1,614.2
Total revenues [+]	1,460.1	1,594.2	1,702.6	1,329.0	1,518.8	1,281.6	1,712.2	1,565.8
Reimbursements	28.6	30.7	37.9	34.8
Oil & gas services	1,431.5	1,563.5	1,664.7	1,294.2
Revenue growth [+]	-8.4%	-6.4%	28.1%	-12.5%	18.5%	-25.1%	9.3%	32.7%
Deepwater	13.0%	-6.7%			33.3%
Midwater	-12.4%	-1.4%			18.4%
Other	-14.6%	-30.4%			90.2%	-2.2%
Independent Leg Jackups	-8.4%	-6.4%
Corporate	-85.3%	580.0%
Cost of goods sold	24.9	27.3	34.9	30.8	994.2	909.3	1,221.6	1,096.1
Gross profit	1,435.2	1,566.9	1,667.7	1,298.2	524.6	372.3	490.6	469.7
Gross margin	98.3%	98.3%	98.0%	97.7%	34.5%	29.0%	28.7%	30.0%
Selling, general and administrative [+]	103.9	110.5	126.7	138.1	188.0	185.7	265.3	250.9
General and administrative	103.9	110.5	126.7	138.1
Other operating expenses	871.9	884.5	766.5	618.6	-188.0	-185.7	-265.3	-250.9
EBITDA [+]	459.4	768.4	985.3	811.2	606.5	443.8	490.6	469.7
EBITDA growth	-40.2%	-22.0%	21.5%	33.8%	36.7%	-9.5%	4.4%	24.0%
EBITDA margin	31.5%	48.2%	57.9%	61.0%	39.9%	34.6%	28.7%	30.0%
Depreciation and amortization	184.0	355.5	358.1	422.8	269.9	257.2	265.3	250.9
EBIT [+]	275.4	412.9	627.2	388.4	336.6	186.6	225.3	218.8
EBIT growth	-33.3%	-34.2%	61.5%	15.4%	80.4%	-17.2%	3.0%	48.5%
EBIT margin	18.9%	25.9%	36.8%	29.2%	22.2%	14.6%	13.2%	14.0%
Non-recurring items [+]	0.2	-0.4	0.1	-29.8	-28.6	-31.5	-23.7	0.4
Asset impairment							24.9
Loss (gain) on sale of assets	0.2	-0.4	0.1	-29.8
Interest expense, net [+]	10.5	-2.9	3.2	68.8	74.0	85.9	99.4	112.8
Interest expense	13.4	0.1	20.0	83.1	78.2	87.7	103.3	116.0
Interest income	2.9	3.0	16.8	14.3	4.2	1.8	3.9	3.2
Other income (expense), net [+]	-12.7	-4.1	18.3	-2.7	0.9	2.7	-35.8	-1.1
Gain (loss) on debt retirement	-16.7		-2.3
Other	4.0	-4.1	20.6	-2.7			-0.5	-5.3
Pre-tax income	252.0	412.1	642.2	346.7	292.1	134.9	113.8	104.5
Income taxes	8.6	71.8	133.5	86.9	117.4	55.6	61.7	34.0
Tax rate	3.4%	17.4%	20.8%	25.1%	40.2%	41.2%	54.2%	32.5%
Minority interest				-3.5	-4.1	-19.7	-24.5	-22.5
Earnings from continuing ops	264.8	389.7	160.9	263.3	170.6	59.6	27.6	48.0
Earnings from discontinued ops	-24.3	-54.5	342.4	522.0	125.9	69.0	-17.7	-16.0
Net income	240.5	335.2	503.3	785.3	296.5	128.6	9.9	32.0
Net margin	16.5%	21.0%	29.6%	59.1%	19.5%	10.0%	0.6%	2.0%

Basic EPS [+]	$1.51	$2.24	$0.94	$1.59	$1.05	$0.39	$0.20	$0.36
Growth	-32.8%	137.9%	-40.7%	51.7%	168.1%	92.3%	-43.0%	-348.9%
Diluted EPS [+]	$1.50	$2.24	$0.92	$1.48	$0.97	$0.37	$0.20	$0.31
Growth	-32.9%	143.9%	-37.9%	53.0%	160.9%	84.3%	-35.2%	-316.7%

Shares outstanding (basic) [+]	175.6	173.7	170.6	165.6	162.8	152.5	135.8	134.7
Growth	1.1%	1.8%	3.0%	1.7%	6.8%	12.3%	0.8%	1.0%
Shares outstanding (diluted) [+]	176.2	174.0	175.2	178.1	176.5	160.9	137.3	154.7
Growth	1.3%	-0.7%	-1.6%	0.9%	9.7%	17.2%	-11.2%	16.0%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.