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Unaudited Quarterly Financial Data (Tables) | 12 Months Ended
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Dec. 31, 2014
Quarterly Financial Data [Abstract] |
Summary Of Unaudited Quarterly Consolidated Income Statement | The following tables summarize our unaudited quarterly consolidated income statement data for the years ended December 31, 2014 and 2013 (in millions, except per share amounts):
2014 | First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter |  | Year
Operating revenues | $ | 1,066.7 |  |  | $ | 1,136.6 |  |  | $ | 1,201.4 |  |  | $ | 1,159.8 |  |  | $ | 4,564.5 |
Operating expenses |  |  |  |  |  |  |  |  |  |  |  |  |
Contract drilling (exclusive of depreciation) | 520.2 |  |  | 542.5 |  |  | 500.2 |  |  | 514.0 |  |  | 2,076.9 |
Loss on impairment | — |  |  | 703.5 |  |  | — |  |  | 3,515.2 |  |  | 4,218.7 |
Depreciation | 131.1 |  |  | 132.2 |  |  | 135.2 |  |  | 139.4 |  |  | 537.9 |
General and administrative | 38.1 |  |  | 36.2 |  |  | 29.3 |  |  | 28.3 |  |  | 131.9 |
Operating income | 377.3 |  |  | (277.8 | ) |  | 536.7 |  |  | (3,037.1 | ) |  | (2,400.9 | )
Other expense, net | (29.1 | ) |  | (30.8 | ) |  | (38.4 | ) |  | (49.6 | ) |  | (147.9 | )
Income (loss) from continuing operations before income taxes | 348.2 |  |  | (308.6 | ) |  | 498.3 |  |  | (3,086.7 | ) |  | (2,548.8 | )
Income tax expense (benefit) | 49.5 |  |  | 42.6 |  |  | 74.6 |  |  | (26.2 | ) |  | 140.5 |
Income (loss) from continuing operations | 298.7 |  |  | (351.2 | ) |  | 423.7 |  |  | (3,060.5 | ) |  | (2,689.3 | )
(Loss) income from discontinued operations, net | (2.0 | ) |  | (818.4 | ) |  | 9.2 |  |  | (388.0 | ) |  | (1,199.2 | )
Net income (loss) | 296.7 |  |  | (1,169.6 | ) |  | 432.9 |  |  | (3,448.5 | ) |  | (3,888.5 | )
Net income attributable to noncontrolling interests | (4.2 | ) |  | (3.1 | ) |  | (3.5 | ) |  | (3.3 | ) |  | (14.1 | )
Net income (loss) attributable to Ensco | $ | 292.5 |  |  | $ | (1,172.7 | ) |  | $ | 429.4 |  |  | $ | (3,451.8 | ) |  | $ | (3,902.6 | )
Earnings (loss) per share – basic |  |  |  |  |  |  |  |  |  |  |  |  |  |
Continuing operations | $ | 1.26 |  |  | $ | (1.53 | ) |  | $ | 1.79 |  |  | $ | (13.22 | ) |  | $ | (11.70 | )
Discontinued operations | (0.01 | ) |  | (3.54 | ) |  | 0.04 |  |  | (1.67 | ) |  | (5.18 | )
| $ | 1.25 |  |  | $ | (5.07 | ) |  | $ | 1.83 |  |  | $ | (14.89 | ) |  | $ | (16.88 | )
Earnings (loss) per share – diluted |  |  |  |  |  |  |  |  |  |  |  |  |  |
Continuing operations | $ | 1.26 |  |  | $ | (1.53 | ) |  | $ | 1.79 |  |  | $ | (13.22 | ) |  | $ | (11.70 | )
Discontinued operations | (0.01 | ) |  | (3.54 | ) |  | 0.04 |  |  | (1.67 | ) |  | (5.18 | )
| $ | 1.25 |  |  | $ | (5.07 | ) |  | $ | 1.83 |  |  | $ | (14.89 | ) |  | $ | (16.88 | )
2013 | First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter |  | Year
Operating revenues | $ | 989.4 |  |  | $ | 1,076.1 |  |  | $ | 1,119.9 |  |  | $ | 1,138.0 |  |  | $ | 4,323.4 |
Operating expenses |  |  |  |  |  |  |  |  |  |  |  |  |
Contract drilling (exclusive of depreciation) | 451.4 |  |  | 496.1 |  |  | 499.2 |  |  | 500.4 |  |  | 1,947.1 |
Depreciation | 120.0 |  |  | 124.0 |  |  | 124.7 |  |  | 127.5 |  |  | 496.2 |
General and administrative | 37.8 |  |  | 36.4 |  |  | 37.4 |  |  | 35.2 |  |  | 146.8 |
Operating income | 380.2 |  |  | 419.6 |  |  | 458.6 |  |  | 474.9 |  |  | 1,733.3 |
Other expense, net | (29.8 | ) |  | (39.8 | ) |  | (1.6 | ) |  | (28.9 | ) |  | (100.1 | )
Income from continuing operations before income taxes | 350.4 |  |  | 379.8 |  |  | 457.0 |  |  | 446.0 |  |  | 1,633.2 |
Income tax expense | 47.8 |  |  | 43.2 |  |  | 67.5 |  |  | 44.6 |  |  | 203.1 |
Income from continuing operations | 302.6 |  |  | 336.6 |  |  | 389.5 |  |  | 401.4 |  |  | 1,430.1 |
Income (loss) from discontinued operations, net | 17.3 |  |  | 26.0 |  |  | (8.1 | ) |  | (37.4 | ) |  | (2.2 | )
Net income | 319.9 |  |  | 362.6 |  |  | 381.4 |  |  | 364.0 |  |  | 1,427.9 |
Net income attributable to noncontrolling interests | (2.8 | ) |  | (1.7 | ) |  | (2.6 | ) |  | (2.6 | ) |  | (9.7 | )
Net income attributable to Ensco | $ | 317.1 |  |  | $ | 360.9 |  |  | $ | 378.8 |  |  | $ | 361.4 |  |  | $ | 1,418.2 |
Earnings (loss) per share – basic |  |  |  |  |  |  |  |  |  |  |  |  |  |
Continuing operations | $ | 1.29 |  |  | $ | 1.44 |  |  | $ | 1.66 |  |  | $ | 1.71 |  |  | $ | 6.09 |
Discontinued operations | 0.07 |  |  | 0.11 |  |  | (0.04 | ) |  | (0.16 | ) |  | (0.01 | )
| $ | 1.36 |  |  | $ | 1.55 |  |  | $ | 1.62 |  |  | $ | 1.55 |  |  | $ | 6.08 |
Earnings (loss) per share – diluted |  |  |  |  |  |  |  |  |  |  |  |  |
Continuing operations | $ | 1.29 |  |  | $ | 1.44 |  |  | $ | 1.66 |  |  | $ | 1.70 |  |  | $ | 6.08 |
Discontinued operations | 0.07 |  |  | 0.11 |  |  | (0.04 | ) |  | (0.16 | ) |  | (0.01 | )
| $ | 1.36 |  |  | $ | 1.55 |  |  | $ | 1.62 |  |  | $ | 1.54 |  |  | $ | 6.07 |

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- Definition Tabular disclosure of the quarterly financial data in the annual financial statements. The disclosure includes financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income (loss) before extraordinary items and cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=35737889&loc=d3e1280-108306 + Details
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