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2014-02-27 16:38:00

TRANSOCEAN: BLAST OFF

TRANSOCEAN: BLAST OFF

Transocean published their results 2013:

  • Operating income increased from $ (4.762) B to $ 2.224 B;
  • Net income increased from $ (5.677) B to $ 1.407 B. 

 

 

 

Years ended December 31,

 

 

2013

 

2012

 

2011

 

 

 

 

 

 

 

 

 

 

Operating revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

Contract drilling revenues

 

$

9,070

 

 

$

8,773

 

 

$

7,407

 

 

Other revenues

 

 

414

 

 

 

423

 

 

 

620

 

 

 

 

 

9,484

 

 

 

9,196

 

 

 

8,027

 

 

Costs and expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating and maintenance

 

 

5,791

 

 

 

6,106

 

 

 

6,179

 

 

Depreciation

 

 

1,109

 

 

 

1,123

 

 

 

1,109

 

 

General and administrative

 

 

286

 

 

 

282

 

 

 

288

 

 

 

 

 

7,186

 

 

 

7,511

 

 

 

7,576

 

 

Loss on impairment

 

 

(81

)

 

 

(140

)

 

 

(5,201

)

 

Gain (loss) on disposal of assets, net

 

 

7

 

 

 

36

 

 

 

(12

)

 

Operating income (loss)

 

 

2,224

 

 

 

1,581

 

 

 

(4,762

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other income (expense), net

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest income

 

 

52

 

 

 

56

 

 

 

44

 

 

Interest expense, net of amounts capitalized

 

 

(584

)

 

 

(723

)

 

 

(621

)

 

Other, net

 

 

(28

)

 

 

(48

)

 

 

(99

)

 

 

 

 

(560

)

 

 

(715

)

 

 

(676

)

 

Income (loss) from continuing operations before income tax expense

 

 

1,664

 

 

 

866

 

 

 

(5,438

)

 

Income tax expense

 

 

258

 

 

 

50

 

 

 

324

 

 

Income (loss) from continuing operations

 

 

1,406

 

 

 

816

 

 

 

(5,762

)

 

Income (loss) from discontinued operations, net of tax

 

 

1

 

 

 

(1,027

)

 

 

85

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

 

1,407

 

 

 

(211

)

 

 

(5,677

)

 

Net income attributable to noncontrolling interest

 

 

 

 

 

8

 

 

 

77

 

 

Net income (loss) attributable to controlling interest

 

$

1,407

 

 

$

(219

)

 

$

(5,754

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (loss) per share-basic

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (loss) from continuing operations

 

$

3.87

 

 

$

2.27

 

 

$

(18.14

)

 

Earnings (loss) from discontinued operations

 

 

 

 

 

(2.89

)

 

 

0.26

 

 

Earnings (loss) per share

 

$

3.87

 

 

$

(0.62

)

 

$

(17.88

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (loss) per share-diluted

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (loss) from continuing operations

 

$

3.87

 

 

$

2.27

 

 

$

(18.14

)

 

Earnings (loss) from discontinued operations

 

 

 

 

 

(2.89

)

 

 

0.26

 

 

Earnings (loss) per share

 

$

3.87

 

 

$

(0.62

)

 

$

(17.88

)

 

 

Tags: TRANSOCEAN