Ensco plc – Company Information

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Ensco plc is a multinational offshore drilling services provider, headquartered in London, England.

The company has drilled wells for super majors, national oil companies and independent operators in nearly every major offshore basin.

It is publicly listed on the New York Stock Exchange (NYSE) under the stock ticker symbol ‘ESV’.

Ensco is one of the world’s largest offshore oil and gas well drilling companies, operating across six continents, with 49 offshore jack-ups, 20 semi-submersible drilling rigs, and seven drillships.

It has a fleet of moored semisubmersibles, dynamically-positioned semisubmersibles, premium jackups, and drillships.

The company was founded by John R. Blocker in 1975 and was incorporated under the name Blocker Energy Corporation.

Overview

ENSCO logo


Operating data (in $ millions) 2013 2012
Revenues $4,919.8 $4,300.7
Contract drilling (exclusive of depreciation) expense $2,402.5 $2,028.0
Depreciation $611.9 $558.6
General and administrative expense $146.8 $148.9
Operating income $1,758.6 $1,565.2
Other (expense) income, net $(100.1) $(98.6)
Provision for income taxes $225.6 $244.4
Income from continuing operations $1,432.9 $1,222.2
(Loss) income from discontinued operations, net $(5.0) $(45.5)
Net income $1,427.9 $1,176.7
Net income attributable to noncontrolling interests $(9.7) $(7.0)
Net income attributable to Ensco $1,418.2 $1,169.7
Balance sheet data (in $ millions)
Total assets $19,472.9 $18,565.3
Long-term debt $4,718.9 $4,798.4
Total stockholders’ equity $12,791.6 $11,846.4
Cash flow data (in $ millions)
Net cash provided by operating activities $1,980.3 $2,200.2
Net cash used in investing activities $(1,740.2) $(1,844.5)
Net cash used in financing activities $(577.1) $(435.5)
Cash and cash equivalents at end of period $165.6 $487.1
Common share data (in $)
Basic earnings (loss) per common share $6.08 $5.05
Diluted earnings (loss) per common share $6.07 $5.04

Source: “Ensco plc 2013 Annual Report”


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