Comments
yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.
Cloud Computing
Conference & Expo
November 2-4, 2009 NYC
Register Today and SAVE !..

2008 West
DIAMOND SPONSOR:
Data Direct
SOA, WOA and Cloud Computing: The New Frontier for Data Services
PLATINUM SPONSORS:
Red Hat
The Opening of Virtualization
GOLD SPONSORS:
Appsense
User Environment Management – The Third Layer of the Desktop
Cordys
Cloud Computing for Business Agility
EMC
CMIS: A Multi-Vendor Proposal for a Service-Based Content Management Interoperability Standard
Freedom OSS
Practical SOA” Max Yankelevich
Intel
Architecting an Enterprise Service Router (ESR) – A Cost-Effective Way to Scale SOA Across the Enterprise
Sensedia
Return on Assests: Bringing Visibility to your SOA Strategy
Symantec
Managing Hybrid Endpoint Environments
VMWare
Game-Changing Technology for Enterprise Clouds and Applications
Click For 2008 West
Event Webcasts

2008 West
PLATINUM SPONSORS:
Appcelerator
Get ‘Rich’ Quick: Rapid Prototyping for RIA with ZERO Server Code
Keynote Systems
Designing for and Managing Performance in the New Frontier of Rich Internet Applications
GOLD SPONSORS:
ICEsoft
How Can AJAX Improve Homeland Security?
Isomorphic
Beyond Widgets: What a RIA Platform Should Offer
Oracle
REAs: Rich Enterprise Applications
Click For 2008 Event Webcasts
In many cases, the end of the year gives you time to step back and take stock of the last 12 months. This is when many of us take a hard look at what worked and what did not, complete performance reviews, and formulate plans for the coming year. For me, it is all of those things plus a time when I u...
SYS-CON.TV
Atwood Oceanics Announces Fourth Quarter Earnings

HOUSTON, Nov. 15, 2012 /PRNewswire/ -- ATWOOD OCEANICS, INC., announced today that the Company earned net income of $95.5 million or $1.45 per diluted share, on revenues of $252.5 million for the quarter ended September 30, 2012 compared to net income of $51.7 million or $0.79 per diluted share on revenues of $178.6 million for the quarter ended June 30, 2012 and compared to net income of $72.9 million or $1.12 per diluted share, on revenues of $177.6 million for the quarter ended September 30, 2011.  For the twelve months ended September 30, 2012, the Company earned net income of $272.2 million or $4.14 per diluted share, on revenues of $787.4 million compared to net income of $271.7 million or $4.15 per diluted share, on revenues of $645.1 million for the twelve months ended September 30, 2011.

Rob Saltiel, President & CEO, commented, "We had an outstanding fourth quarter and full fiscal year, achieving record revenues and net income for our company in both time periods.  For the quarter, our rig teams achieved excellent operational and safety performance that yielded strong revenue recognition, while our fleet transformation progressed with the successful delivery and start-up of the Atwood Mako and the successful delivery and mobilization of the Atwood Condor to the Gulf of Mexico.  We also secured our first drilling services agreement for the Atwood Advantage, and we committed to build a third ultra-deepwater drillship to join our growing high-specification rig fleet."

 


FOR THE THREE MONTHS ENDED




(In thousands)




September 30,

2012


June 30,

2012


September 30,

2011







Revenues

$

252,525


$

178,603


$

177,558

Income before Income Taxes

109,891


61,990


83,918

Provision for Income Taxes

(14,365


(10,279


(10,991

Net Income

$

95,526


$

51,711


$

72,927







Earnings per Common Share -






Basic

1.46


0.79


1.13

Diluted

1.45


0.79


1.12







Weighted Average Shares






Outstanding -






Basic

65,407


65,362


64,754

Diluted

65,982


65,823


65,403

 

 

 

ATWOOD OCEANICS, INC. AND SUBSIDIARIES

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands, except per share amounts)











Three months ended September 30,


Twelve months ended September 30,


2012


2011


2012


2011









REVENUES:








Contract drilling

$

252,525


$

177,558


$

787,421


$

645,076









COSTS AND EXPENSES:








Contract drilling

102,119


61,815


347,179


223,565

Depreciation

24,180


15,606


70,599


43,597

General and administrative

12,275


9,927


49,776


44,407

Other, net

(680)


4,924


457


4,847


137,894


92,272


468,011


316,416

OPERATING INCOME

114,631


85,286


319,410


328,660









OTHER INCOME (EXPENSE)








Interest expense, net of capitalized interest

(4,837)


(1,493)


(6,460)


(4,530)

Interest Income

97


125


354


717


(4,740)


(1,368)


(6,106)


(3,813)

INCOME  BEFORE INCOME TAXES

109,891


83,918


313,304


324,847

PROVISION FOR INCOME TAXES

14,365


10,991


41,133


53,173

NET INCOME

$

95,526


$

72,927


$

272,171


$

271,674









EARNINGS PER COMMON SHARE:








Basic

1.46


1.13


4.17


4.20

Diluted

1.45


1.12


4.14


4.15

AVERAGE COMMON SHARES OUTSTANDING:








Basic

65,407


64,754


65,267


64,754

Diluted

65,982


65,403


65,781


65,403

 

 

 

ATWOOD OCEANICS, INC. AND SUBSIDIARIES

ANALYSIS OF REVENUES AND DRILLING COSTS

(Unaudited)





REVENUES

(In millions)


Three Months Ended


Twelve Months Ended


September 30,

2012


June 30,

2012


September 30,

2011


September 30,

2012


September 30,

2011

Atwood Condor

$

36.1



$



$



$

36.1



$


Atwood Osprey

$

47.9



$

45.0



$

43.5



$

172.2



$

59.9


Atwood Eagle

33.4



31.6



35.4



135.6



139.8


Atwood Falcon

37.2



18.3



35.0



99.8



153.4


Atwood Hunter

51.5



48.2



43.3



195.0



183.4


Atwood Aurora

14.9



14.9



0.6



55.5



29.2


Atwood Beacon

17.6



10.8



11.1



51.5



45.1


Atwood Mako

4.2







4.3




Vicksburg

9.2



8.3



8.7



35.4



34.3


Other

0.5



1.5





2.0





$

252.5



$

178.6



$

177.6



$

787.4



$

645.1







CONTRACT DRILLING COSTS

(In millions)


Three Months Ended


Twelve Months Ended


September 30,

2012


June 30,

2012


September 30,

2011


September 30,

2012


September 30,

2011

Atwood Condor

$

15.2



$

2.7



$



$

18.9



$


Atwood Osprey

$

17.8



$

16.1



$

14.6



$

66.0



$

22.9


Atwood Eagle

14.0



14.9



13.1



61.7



62.5


Atwood Falcon

15.2



21.0



6.5



56.6



29.4


Atwood Hunter

12.8



11.7



13.0



50.4



39.0


Atwood Aurora

6.4



7.4



3.9



31.0



18.5


Atwood Beacon

11.1



7.6



5.1



34.6



28.7


Atwood Mako

3.0







3.0




Vicksburg

5.6



4.8



4.5



20.8



16.4


Other

1.0



1.2



1.1



4.2



6.2



$

102.1



$

87.4



$

61.8



$

347.2



$

223.6


 

 

ATWOOD OCEANICS, INC. AND SUBSIDIARIES

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands)







September 30,

2012


September 30,

2011

ASSETS




CURRENT ASSETS:




Cash and cash equivalents

$

77,871


$

295,002

Accounts receivable

167,186


87,173

Income tax receivable

5,750


5,631

Inventories of materials and supplies

80,290


58,263

Prepaid expenses and deferred costs

39,437


14,862

Total current assets

370,534


460,931

PROPERTY AND EQUIPMENT, net

2,537,340


1,887,321

LONG TERM ASSETS:




Other receivables

11,875


11,875

Deferred costs and other assets

24,013


15,264

Total long-term assets

35,888


27,139

Total assets

$

2,943,762


$

2,375,391

LIABILITIES AND SHAREHOLDERS' EQUITY




CURRENT LIABILITIES:




Accounts payable

$

83,592


$

113,021

Accrued liabilities

24,478


30,680

Notes payable

5,148


5,461

Income tax payable

9,711


8,461

Deferred credits

13,738


1,700

Total current liabilities

136,667


159,323

LONG TERM LIABILITIES:




Long-term debt

830,000


520,000

Deferred income taxes

8,791


9,780

Deferred credits

8,928


7,910

Other

19,954


25,591

Total long-term liabilities

867,673


563,281

COMMITMENTS AND CONTINGENCIES




SHAREHOLDERS' EQUITY:




Preferred stock, no par value;




1,000 shares authorized, none outstanding


Common Stock, $1.00 par value;




90,000 shares authorized with 65,452 and 64,960 issued and outstanding at September 30, 2012 and 2011, respectively

65,452


64,960

Paid-in capital

160,540


145,084

Retained earnings

1,716,441


1,444,270

Accumulated other comprehensive loss

(3,011)


(1,527)

Total shareholders' equity

1,939,422


1,652,787

Total liabilities and shareholders' equity

$

2,943,762


$

2,375,391

 

 

 

Atwood Oceanics, Inc. and Subsidiaries

CONSOLIDATED STATEMENTS OF CASH FLOWS




Years Ended September 30,

(In thousands)

2012


2011


2010

Cash flows from operating activities:






Net income

$

272,171


$

271,674


$

256,996

Adjustments to reconcile net income to net cash provided by operating activities:






Depreciation

70,599


43,597


37,030

Amortization of debt issuance costs

3,625


2,363


803

Amortization of deferred items

(4,337)


3,333


13,755

Provision for doubtful accounts



(65)

Provision for inventory obsolescence

765


735


1,123

Deferred income tax (benefit) expense

(989)


(1,065)


4,798

Share-based compensation expense

10,402


6,314


9,998

Other, net

457


4,847


(1,855)

Change in assets and liabilities:






(Increase) decrease in accounts receivable

(80,013)


13,214


26,187

Decrease in insurance receivable



281

(Increase) decrease in income tax receivable

(119)


10,421


(7,746)

Increase in inventory

(23,395)


(6,249)


(3,736)

(Increase) decrease in prepaid expenses

(6,386)


845


(179)

Increase in deferred costs and other assets

(32,597)


(10,379)


(10,321)

Increase (decrease) in accounts payable

27,536


(1,173)


4,735

Increase (decrease) in accrued liabilities

(7,096)


4,440


(854)

Increase (decrease) in income tax payable

1,250


(17,906)


(2,700)

Increase (decrease) in deferred credits and other liabilities

23,730


14,777


(21,850


(16,568)


68,114


49,404

Net Cash Provided by Operating Activities

255,603


339,788


306,400

Cash flows from investing activities:






Capital expenditures

(785,083)


(514,858)


(187,094)

Collection of insurance receivable



3,607

Proceeds from sale of assets

7,646


218


1,504

Net Cash Used by Investing Activities

(777,437)


(514,640)


(181,983)

Cash flows from financing activities:






Proceeds from issuance of bonds

450,000



Principal payments on bank credit facilities

(450,000)


(55,000)


(45,000)

Proceeds from bank credit facilities

310,000


345,000


Principal payments on notes payable

(5,461)


(3,631)


Proceeds from notes payable

5,148


9,092


Debt issuance costs paid

(10,530)


(12,322)


Proceeds from exercise of stock options

5,546


6,192


847

Net Cash Provided (Used) by Financing Activities

304,703


289,331


(44,153)

Net increase (decrease) in cash and cash equivalents

$

(217,131)


$

114,479


$

80,264

Cash and cash equivalents, at beginning of period

$

295,002


$

180,523


$

100,259

Cash and cash equivalents, at end of period

$

77,871


$

295,002


$

180,523

 

Atwood Oceanics, Inc. is a global offshore drilling contractor engaged in the drilling and completion of exploratory and developmental oil and gas wells. The company currently owns 12 mobile offshore drilling units and is constructing three ultra-deepwater drillships and one high-specification jackups. The company was founded in 1968 and is headquartered in Houston, Texas.  Atwood Oceanics, Inc. common stock is traded on the New York Stock Exchange under the symbol "ATW."

SOURCE Atwood Oceanics, Inc.

About PR Newswire
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

SOA World Latest Stories
Until recently, many organizations required specialized departments to perform mapping and geospatial analysis, and they used Esri on-premise solutions for that work. In his session at 15th Cloud Expo, Dave Peters, author of the Esri Press book Building a GIS, System Architecture Des...
Back when we were doing DB2 at IBM, there was an important older product called IMS which brought significant revenue. With another database product coming (based on relational technology), IBM did not want any cannibalization of the existing revenue stream. Hence we coined the phrase ...
Nick O'Leary is an Emerging Technology Specialist at IBM where he gets to do interesting things with interesting technologies and also play with toys. With a background in pervasive messaging, he is a developer on the Eclipse Paho project and sits on the OASIS MQTT Technical Committee....
Internet of @ThingsExpo Silicon Valley announced on Friday its first 18 all-star speakers and sessions for its upcoming event, which will take place November 4-6, 2014, at the Santa Clara Convention Center in California. @ThingsExpo, the first and largest IoT event in the world, debute...
As more applications and services move "to the cloud" (public or on-premise) cloud environments are increasingly adopting and building out traditional enterprise features. This in turn is enabling and encouraging cloud adoption from enterprise users. In many ways the definition is blur...
Bsquare is a global leader of embedded software solutions. We enable smart connected systems at the device level and beyond that millions use every day and provide actionable data solutions for the growing Internet of Things (IoT) market. We empower our world-class customers with our...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021


SYS-CON Featured Whitepapers
ADS BY GOOGLE