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.
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Years ended December 31, |
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2013 |
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2012 |
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2011 |
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Operating revenues |
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Contract drilling revenues |
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$ |
9,070 |
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$ |
8,773 |
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$ |
7,407 |
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Other revenues |
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414 |
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423 |
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620 |
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9,484 |
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9,196 |
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8,027 |
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Costs and expenses |
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Operating and maintenance |
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5,791 |
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6,106 |
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6,179 |
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Depreciation |
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1,109 |
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1,123 |
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1,109 |
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General and administrative |
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286 |
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282 |
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288 |
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7,186 |
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7,511 |
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7,576 |
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Loss on impairment |
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(81 |
) |
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(140 |
) |
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(5,201 |
) |
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Gain (loss) on disposal of assets, net |
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7 |
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36 |
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(12 |
) |
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Operating income (loss) |
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2,224 |
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1,581 |
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(4,762 |
) |
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Other income (expense), net |
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Interest income |
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52 |
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56 |
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44 |
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Interest expense, net of amounts capitalized |
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(584 |
) |
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(723 |
) |
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(621 |
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Other, net |
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(28 |
) |
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(48 |
) |
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(99 |
) |
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(560 |
) |
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(715 |
) |
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(676 |
) |
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Income (loss) from continuing operations before income tax expense |
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1,664 |
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866 |
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(5,438 |
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Income tax expense |
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258 |
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50 |
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324 |
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Income (loss) from continuing operations |
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1,406 |
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816 |
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(5,762 |
) |
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Income (loss) from discontinued operations, net of tax |
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1 |
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(1,027 |
) |
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85 |
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Net income (loss) |
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1,407 |
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(211 |
) |
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(5,677 |
) |
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Net income attributable to noncontrolling interest |
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— |
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8 |
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77 |
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Net income (loss) attributable to controlling interest |
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$ |
1,407 |
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$ |
(219 |
) |
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$ |
(5,754 |
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Earnings (loss) per share-basic |
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Earnings (loss) from continuing operations |
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$ |
3.87 |
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$ |
2.27 |
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$ |
(18.14 |
) |
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Earnings (loss) from discontinued operations |
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— |
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(2.89 |
) |
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0.26 |
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Earnings (loss) per share |
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$ |
3.87 |
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$ |
(0.62 |
) |
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$ |
(17.88 |
) |
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Earnings (loss) per share-diluted |
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Earnings (loss) from continuing operations |
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$ |
3.87 |
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$ |
2.27 |
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$ |
(18.14 |
) |
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Earnings (loss) from discontinued operations |
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— |
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(2.89 |
) |
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0.26 |
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Earnings (loss) per share |
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$ |
3.87 |
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$ |
(0.62 |
) |
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$ |
(17.88 |
) |
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