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Guarantee Of Registered Securities | 9 Months Ended
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Sep. 30, 2015
Guarantees [Abstract] |
Guarantee Of Registered Securities | Guarantee of Registered Securities During 2011, Ensco plc completed a merger transaction (the "Merger") with Pride. In connection with the Merger, Ensco plc and Pride entered into a supplemental indenture to the indenture dated as of July 1, 2004 between Pride and the Bank of New York Mellon, as indenture trustee, providing for, among other matters, the full and unconditional guarantee by Ensco plc of Pride’s 8.5% unsecured senior notes due 2019, 6.875% unsecured senior notes due 2020 and 7.875% unsecured senior notes due 2040, which had an aggregate outstanding principal balance of $1.7 billion as of September 30, 2015. The Ensco plc guarantee provides for the unconditional and irrevocable guarantee of the prompt payment, when due, of any amount owed to the holders of the notes. Ensco plc is also a full and unconditional guarantor of the 7.2% debentures due 2027 issued by ENSCO International Incorporated during 1997, which had an aggregate outstanding principal balance of $150.0 million as of September 30, 2015. All guarantees are unsecured obligations of Ensco plc ranking equal in right of payment with all of its existing and future unsecured and unsubordinated indebtedness. The following tables present the unaudited condensed consolidating statements of operations for the three-month and nine-month periods ended September 30, 2015 and 2014; the unaudited condensed consolidating statements of comprehensive income (loss) for the three-month and nine-month periods ended September 30, 2015 and 2014; the condensed consolidating balance sheets as of September 30, 2015 (unaudited) and December 31, 2014; and the unaudited condensed consolidating statements of cash flows for the nine-month periods ended September 30, 2015 and 2014, in accordance with Rule 3-10 of Regulation S-X.
ENSCO PLC AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS Three Months Ended September 30, 2015 (in millions) (Unaudited)
| Ensco plc |  | ENSCO International Incorporated |  | Pride International, Inc. |  | Other Non-Guarantor Subsidiaries of Ensco |  | Consolidating Adjustments |  | Total
OPERATING REVENUES | $ | 9.8 |  |  | $ | 34.8 |  |  | $ | — |  |  | $ | 1,039.4 |  |  | $ | (71.8 | ) |  | $ | 1,012.2 |
OPERATING EXPENSES |  |  |  |  |  |  |  |  |  |  |
Contract drilling (exclusive of depreciation) | 7.3 |  |  | 34.8 |  |  | — |  |  | 463.2 |  |  | (71.8 | ) |  | 433.5 |
Depreciation | — |  |  | 4.3 |  |  | — |  |  | 140.9 |  |  | — |  |  | 145.2 |
Loss on impairment | — |  |  | — |  |  | — |  |  | 2.4 |  |  | — |  |  | 2.4 |
General and administrative | 11.8 |  |  | .1 |  |  | — |  |  | 16.5 |  |  | — |  |  | 28.4 |
OPERATING (LOSS) INCOME | (9.3 | ) |  | (4.4 | ) |  | — |  |  | 416.4 |  |  | — |  |  | 402.7 |
OTHER (EXPENSE) INCOME, NET | (37.1 | ) |  | (7.2 | ) |  | (15.7 | ) |  | 7.6 |  |  | — |  |  | (52.4 | )
(LOSS) INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES | (46.4 | ) |  | (11.6 | ) |  | (15.7 | ) |  | 424.0 |  |  | — |  |  | 350.3 |
INCOME TAX PROVISION | — |  |  | .9 |  |  | — |  |  | 32.3 |  |  | — |  |  | 33.2 |
DISCONTINUED OPERATIONS, NET | — |  |  | — |  |  | — |  |  | (23.3 | ) |  | — |  |  | (23.3 | )
EQUITY EARNINGS IN AFFILIATES, NET OF TAX | 338.4 |  |  | 111.2 |  |  | 14.6 |  |  | — |  |  | (464.2 | ) |  | — |
NET INCOME (LOSS) | 292.0 |  |  | 98.7 |  |  | (1.1 | ) |  | 368.4 |  |  | (464.2 | ) |  | 293.8 |
NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS | — |  |  | — |  |  | — |  |  | (1.8 | ) |  | — |  |  | (1.8 | )
NET INCOME (LOSS) ATTRIBUTABLE TO ENSCO | $ | 292.0 |  |  | $ | 98.7 |  |  | $ | (1.1 | ) |  | $ | 366.6 |  |  | $ | (464.2 | ) |  | $ | 292.0 |
ENSCO PLC AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS Three Months Ended September 30, 2014 (in millions) (Unaudited)
| Ensco plc |  | ENSCO International Incorporated |  | Pride International, Inc. |  | Other Non-Guarantor Subsidiaries of Ensco |  | Consolidating Adjustments |  | Total
OPERATING REVENUES | $ | 8.3 |  |  | $ | 39.0 |  |  | $ | — |  |  | $ | 1,232.4 |  |  | $ | (78.3 | ) |  | $ | 1,201.4 |
OPERATING EXPENSES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Contract drilling (exclusive of depreciation) | 9.1 |  |  | 37.4 |  |  | — |  |  | 532.0 |  |  | (78.3 | ) |  | 500.2 |
Depreciation | .1 |  |  | 1.8 |  |  | — |  |  | 133.3 |  |  | — |  |  | 135.2 |
General and administrative | 10.2 |  |  | .1 |  |  | — |  |  | 19.0 |  |  | — |  |  | 29.3 |
OPERATING (LOSS) INCOME | (11.1 | ) |  | (.3 | ) |  | — |  |  | 548.1 |  |  | — |  |  | 536.7 |
OTHER (EXPENSE) INCOME, NET | (15.0 | ) |  | (23.1 | ) |  | (13.1 | ) |  | 12.8 |  |  | — |  |  | (38.4 | )
(LOSS) INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES | (26.1 | ) |  | (23.4 | ) |  | (13.1 | ) |  | 560.9 |  |  | — |  |  | 498.3 |
INCOME TAX PROVISION | — |  |  | (2.1 | ) |  | — |  |  | 76.7 |  |  | — |  |  | 74.6 |
DISCONTINUED OPERATIONS, NET | — |  |  | — |  |  | — |  |  | 9.2 |  |  | — |  |  | 9.2 |
EQUITY EARNINGS IN AFFILIATES, NET OF TAX | 455.5 |  |  | 73.3 |  |  | 66.9 |  |  | — |  |  | (595.7 | ) |  | — |
NET INCOME | 429.4 |  |  | 52.0 |  |  | 53.8 |  |  | 493.4 |  |  | (595.7 | ) |  | 432.9 |
NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS | — |  |  | — |  |  | — |  |  | (3.5 | ) |  | — |  |  | (3.5 | )
NET INCOME ATTRIBUTABLE TO ENSCO | $ | 429.4 |  |  | $ | 52.0 |  |  | $ | 53.8 |  |  | $ | 489.9 |  |  | $ | (595.7 | ) |  | $ | 429.4 |
ENSCO PLC AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS Nine Months Ended September 30, 2015 (in millions) (Unaudited)
| Ensco plc |  | ENSCO International Incorporated |  | Pride International, Inc. |  | Other Non-Guarantor Subsidiaries of Ensco |  | Consolidating Adjustments |  | Total
OPERATING REVENUES | $ | 27.2 |  |  | $ | 104.1 |  |  | $ | — |  |  | $ | 3,317.6 |  |  | $ | (213.8 | ) |  | $ | 3,235.1 |
OPERATING EXPENSES |  |  |  |  |  |  |  |  |  |  |
Contract drilling (exclusive of depreciation) | 20.4 |  |  | 104.1 |  |  | — |  |  | 1,543.7 |  |  | (213.8 | ) |  | 1,454.4 |
Depreciation | .1 |  |  | 9.2 |  |  | — |  |  | 413.5 |  |  | — |  |  | 422.8 |
Loss on impairment | — |  |  | — |  |  | — |  |  | 2.4 |  |  | — |  |  | 2.4 |
General and administrative | 38.8 |  |  | .2 |  |  | — |  |  | 49.2 |  |  | — |  |  | 88.2 |
OPERATING (LOSS) INCOME | (32.1 | ) |  | (9.4 | ) |  | — |  |  | 1,308.8 |  |  | — |  |  | 1,267.3 |
OTHER (EXPENSE) INCOME, NET | (133.3 | ) |  | (21.6 | ) |  | (46.8 | ) |  | 21.3 |  |  | — |  |  | (180.4 | )
(LOSS) INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES | (165.4 | ) |  | (31.0 | ) |  | (46.8 | ) |  | 1,330.1 |  |  | — |  |  | 1,086.9 |
INCOME TAX PROVISION | — |  |  | 28.8 |  |  | — |  |  | 140.1 |  |  | — |  |  | 168.9 |
DISCONTINUED OPERATIONS, NET | — |  |  | — |  |  | — |  |  | (33.6 | ) |  | — |  |  | (33.6 | )
EQUITY EARNINGS IN AFFILIATES, NET OF TAX | 1,042.4 |  |  | 203.9 |  |  | 149.9 |  |  | — |  |  | (1,396.2 | ) |  | — |
NET INCOME | 877.0 |  |  | 144.1 |  |  | 103.1 |  |  | 1,156.4 |  |  | (1,396.2 | ) |  | 884.4 |
NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS | — |  |  | — |  |  | — |  |  | (7.4 | ) |  | — |  |  | (7.4 | )
NET INCOME ATTRIBUTABLE TO ENSCO | $ | 877.0 |  |  | $ | 144.1 |  |  | $ | 103.1 |  |  | $ | 1,149.0 |  |  | $ | (1,396.2 | ) |  | $ | 877.0 |
ENSCO PLC AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS Nine Months Ended September 30, 2014 (in millions) (Unaudited)
| Ensco plc |  | ENSCO International Incorporated |  | Pride International, Inc. |  | Other Non-Guarantor Subsidiaries of Ensco |  | Consolidating Adjustments |  | Total
OPERATING REVENUES | $ | 23.8 |  |  | $ | 116.8 |  |  | $ | — |  |  | $ | 3,501.7 |  |  | $ | (237.6 | ) |  | $ | 3,404.7 |
OPERATING EXPENSES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Contract drilling (exclusive of depreciation) | 24.4 |  |  | 115.2 |  |  | — |  |  | 1,660.9 |  |  | (237.6 | ) |  | 1,562.9 |
Depreciation | .2 |  |  | 5.1 |  |  | — |  |  | 393.2 |  |  | — |  |  | 398.5 |
Loss on impairment | — |  |  | — |  |  | — |  |  | 703.5 |  |  | — |  |  | 703.5 |
General and administrative | 41.0 |  |  | .3 |  |  | — |  |  | 62.3 |  |  | — |  |  | 103.6 |
OPERATING (LOSS) INCOME | (41.8 | ) |  | (3.8 | ) |  | — |  |  | 681.8 |  |  | — |  |  | 636.2 |
OTHER (EXPENSE) INCOME, NET | (43.6 | ) |  | (28.5 | ) |  | (39.0 | ) |  | 12.8 |  |  | — |  |  | (98.3 | )
(LOSS) INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES | (85.4 | ) |  | (32.3 | ) |  | (39.0 | ) |  | 694.6 |  |  | — |  |  | 537.9 |
INCOME TAX PROVISION | — |  |  | 36.3 |  |  | — |  |  | 130.4 |  |  | — |  |  | 166.7 |
DISCONTINUED OPERATIONS, NET | — |  |  | — |  |  | — |  |  | (811.2 | ) |  | — |  |  | (811.2 | )
EQUITY EARNINGS IN AFFILIATES, NET OF TAX | (365.4 | ) |  | (1,314.2 | ) |  | (1,502.9 | ) |  | — |  |  | 3,182.5 |  |  | — |
NET LOSS | (450.8 | ) |  | (1,382.8 | ) |  | (1,541.9 | ) |  | (247.0 | ) |  | 3,182.5 |  |  | (440.0 | )
NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS | — |  |  | — |  |  | — |  |  | (10.8 | ) |  | — |  |  | (10.8 | )
NET LOSS ATTRIBUTABLE TO ENSCO | $ | (450.8 | ) |  | $ | (1,382.8 | ) |  | $ | (1,541.9 | ) |  | $ | (257.8 | ) |  | $ | 3,182.5 |  |  | $ | (450.8 | )
ENSCO PLC AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (LOSS) Three Months Ended September 30, 2015 (in millions) (Unaudited)
| Ensco plc |  | ENSCO International Incorporated |  | Pride International, Inc. |  | Other Non-Guarantor Subsidiaries of Ensco |  | Consolidating Adjustments |  | Total
NET INCOME (LOSS) | $ | 292.0 |  |  | $ | 98.7 |  |  | $ | (1.1 | ) |  | $ | 368.4 |  |  | $ | (464.2 | ) |  | $ | 293.8 |
OTHER COMPREHENSIVE (LOSS) INCOME, NET |  |  |  |  |  |  |  |  |  |  |
Net change in fair value of derivatives | — |  |  | (14.8 | ) |  | — |  |  | — |  |  | — |  |  | (14.8 | )
Reclassification of net losses on derivative instruments from other comprehensive income into net income | — |  |  | 5.8 |  |  | — |  |  | — |  |  | — |  |  | 5.8 |
Other | — |  |  | — |  |  | — |  |  | 2.9 |  |  | — |  |  | 2.9 |
NET OTHER COMPREHENSIVE (LOSS) INCOME | — |  |  | (9.0 | ) |  | — |  |  | 2.9 |  |  | — |  |  | (6.1 | )
COMPREHENSIVE INCOME (LOSS) | 292.0 |  |  | 89.7 |  |  | (1.1 | ) |  | 371.3 |  |  | (464.2 | ) |  | 287.7 |
COMPREHENSIVE INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS | — |  |  | — |  |  | — |  |  | (1.8 | ) |  | — |  |  | (1.8 | )
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO ENSCO | $ | 292.0 |  |  | $ | 89.7 |  |  | $ | (1.1 | ) |  | $ | 369.5 |  |  | $ | (464.2 | ) |  | $ | 285.9 |
ENSCO PLC AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (LOSS) Three Months Ended September 30, 2014 (in millions) (Unaudited)
| Ensco plc |  | ENSCO International Incorporated |  | Pride International, Inc. |  | Other Non-Guarantor Subsidiaries of Ensco |  | Consolidating Adjustments |  | Total
NET INCOME | $ | 429.4 |  |  | $ | 52.0 |  |  | $ | 53.8 |  |  | $ | 493.4 |  |  | $ | (595.7 | ) |  | $ | 432.9 |
OTHER COMPREHENSIVE (LOSS) INCOME, NET |  |  |  |  |  |  |  |  |  |  |
Net change in fair value of derivatives | — |  |  | (12.7 | ) |  | — |  |  | — |  |  | — |  |  | (12.7 | )
Reclassification of net gains on derivative instruments from other comprehensive income into net income | — |  |  | (1.4 | ) |  | — |  |  | — |  |  | — |  |  | (1.4 | )
Other | — |  |  | — |  |  | — |  |  | 3.7 |  |  | — |  |  | 3.7 |
NET OTHER COMPREHENSIVE (LOSS) INCOME | — |  |  | (14.1 | ) |  | — |  |  | 3.7 |  |  | — |  |  | (10.4 | )
COMPREHENSIVE INCOME | 429.4 |  |  | 37.9 |  |  | 53.8 |  |  | 497.1 |  |  | (595.7 | ) |  | 422.5 |
COMPREHENSIVE INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS | — |  |  | — |  |  | — |  |  | (3.5 | ) |  | — |  |  | (3.5 | )
COMPREHENSIVE INCOME ATTRIBUTABLE TO ENSCO | $ | 429.4 |  |  | $ | 37.9 |  |  | $ | 53.8 |  |  | $ | 493.6 |  |  | $ | (595.7 | ) |  | $ | 419.0 |
ENSCO PLC AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (LOSS) Nine Months Ended September 30, 2015 (in millions) (Unaudited)
| Ensco plc |  | ENSCO International Incorporated |  | Pride International, Inc. |  | Other Non-Guarantor Subsidiaries of Ensco |  | Consolidating Adjustments |  | Total
NET INCOME | $ | 877.0 |  |  | $ | 144.1 |  |  | $ | 103.1 |  |  | $ | 1,156.4 |  |  | $ | (1,396.2 | ) |  | $ | 884.4 |
OTHER COMPREHENSIVE (LOSS) INCOME, NET |  |  |  |  |  |  |  |  |  |  |
Net change in fair value of derivatives | — |  |  | (23.5 | ) |  | — |  |  | — |  |  | — |  |  | (23.5 | )
Reclassification of net losses on derivative instruments from other comprehensive income into net income | — |  |  | 15.9 |  |  | — |  |  | — |  |  | — |  |  | 15.9 |
Other | — |  |  | — |  |  | — |  |  | 4.2 |  |  | — |  |  | 4.2 |
NET OTHER COMPREHENSIVE (LOSS) INCOME | — |  |  | (7.6 | ) |  | — |  |  | 4.2 |  |  | — |  |  | (3.4 | )
COMPREHENSIVE INCOME | 877.0 |  |  | 136.5 |  |  | 103.1 |  |  | 1,160.6 |  |  | (1,396.2 | ) |  | 881.0 |
COMPREHENSIVE INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS | — |  |  | — |  |  | — |  |  | (7.4 | ) |  | — |  |  | (7.4 | )
COMPREHENSIVE INCOME ATTRIBUTABLE TO ENSCO | $ | 877.0 |  |  | $ | 136.5 |  |  | $ | 103.1 |  |  | $ | 1,153.2 |  |  | $ | (1,396.2 | ) |  | $ | 873.6 |
ENSCO PLC AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (LOSS) Nine Months Ended September 30, 2014 (in millions) (Unaudited)
| Ensco plc |  | ENSCO International Incorporated |  | Pride International, Inc. |  | Other Non-Guarantor Subsidiaries of Ensco |  | Consolidating Adjustments |  | Total
NET LOSS | $ | (450.8 | ) |  | $ | (1,382.8 | ) |  | $ | (1,541.9 | ) |  | $ | (247.0 | ) |  | $ | 3,182.5 |  |  | $ | (440.0 | )
OTHER COMPREHENSIVE (LOSS) INCOME, NET |  |  |  |  |  |  |  |  |  |  |
Net change in fair value of derivatives | — |  |  | (2.8 | ) |  | — |  |  | — |  |  | — |  |  | (2.8 | )
Reclassification of net gains on derivative instruments from other comprehensive income into net income | — |  |  | (3.3 | ) |  | — |  |  | — |  |  | — |  |  | (3.3 | )
Other | — |  |  | — |  |  | — |  |  | 4.2 |  |  | — |  |  | 4.2 |
NET OTHER COMPREHENSIVE (LOSS) INCOME | — |  |  | (6.1 | ) |  | — |  |  | 4.2 |  |  | — |  |  | (1.9 | )
COMPREHENSIVE LOSS | (450.8 | ) |  | (1,388.9 | ) |  | (1,541.9 | ) |  | (242.8 | ) |  | 3,182.5 |  |  | (441.9 | )
COMPREHENSIVE INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS | — |  |  | — |  |  | — |  |  | (10.8 | ) |  | — |  |  | (10.8 | )
COMPREHENSIVE LOSS ATTRIBUTABLE TO ENSCO | $ | (450.8 | ) |  | $ | (1,388.9 | ) |  | $ | (1,541.9 | ) |  | $ | (253.6 | ) |  | $ | 3,182.5 |  |  | $ | (452.7 | )
ENSCO PLC AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEETS September 30, 2015 (in millions) (Unaudited)
| Ensco plc |  | ENSCO International Incorporated |  | Pride International, Inc. |  | Other Non-Guarantor Subsidiaries of Ensco |  | Consolidating Adjustments |  | Total
ASSETS |  |  |  |  |  |  |  |  |  |  |
CURRENT ASSETS |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 144.5 |  |  | $ | .1 |  |  | $ | 14.6 |  |  | $ | 81.2 |  |  | $ | — |  |  | $ | 240.4 |
Short-term investments | 850.0 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 850.0 |
Accounts receivable, net | — |  |  | — |  |  | — |  |  | 735.6 |  |  | — |  |  | 735.6 |
Accounts receivable from affiliates | 35.3 |  |  | 190.3 |  |  | — |  |  | 116.6 |  |  | (342.2 | ) |  | — |
Other | .5 |  |  | 84.3 |  |  | — |  |  | 501.8 |  |  | — |  |  | 586.6 |
Total current assets | 1,030.3 |  |  | 274.7 |  |  | 14.6 |  |  | 1,435.2 |  |  | (342.2 | ) |  | 2,412.6 |
PROPERTY AND EQUIPMENT, AT COST | 2.1 |  |  | 115.3 |  |  | — |  |  | 16,271.8 |  |  | — |  |  | 16,389.2 |
Less accumulated depreciation | 1.8 |  |  | 43.3 |  |  | — |  |  | 2,815.2 |  |  | — |  |  | 2,860.3 |
Property and equipment, net | .3 |  |  | 72.0 |  |  | — |  |  | 13,456.6 |  |  | — |  |  | 13,528.9 |
GOODWILL | — |  |  | — |  |  | — |  |  | 276.1 |  |  | — |  |  | 276.1 |
DUE FROM AFFILIATES | 2,727.7 |  |  | 5,593.2 |  |  | 2,084.6 |  |  | 7,489.8 |  |  | (17,895.3 | ) |  | — |
INVESTMENTS IN AFFILIATES | 10,159.4 |  |  | 1,440.6 |  |  | 612.5 |  |  | — |  |  | (12,212.5 | ) |  | — |
OTHER ASSETS, NET | 27.0 |  |  | 44.3 |  |  | — |  |  | 151.9 |  |  | — |  |  | 223.2 |
| $ | 13,944.7 |  |  | $ | 7,424.8 |  |  | $ | 2,711.7 |  |  | $ | 22,809.6 |  |  | $ | (30,450.0 | ) |  | $ | 16,440.8 |
LIABILITIES AND SHAREHOLDERS' EQUITY |  |  |  |  |  |  |  |
CURRENT LIABILITIES |  |  |  |  |  |  |  |  |  |  |
Accounts payable and accrued liabilities | $ | 50.7 |  |  | $ | 56.2 |  |  | $ | 23.4 |  |  | $ | 672.8 |  |  | $ | — |  |  | $ | 803.1 |
Accounts payable to affiliates | 22.4 |  |  | 129.3 |  |  | — |  |  | 190.5 |  |  | (342.2 | ) |  | $ | — |
Total current liabilities | 73.1 |  |  | 185.5 |  |  | 23.4 |  |  | 863.3 |  |  | (342.2 | ) |  | 803.1 |
DUE TO AFFILIATES | 1,042.0 |  |  | 4,690.5 |  |  | 1,805.0 |  |  | 10,357.8 |  |  | (17,895.3 | ) |  | — |
LONG-TERM DEBT | 3,807.8 |  |  | 149.2 |  |  | 1,946.3 |  |  | — |  |  | — |  |  | 5,903.3 |
DEFERRED INCOME TAXES | — |  |  | 208.0 |  |  | — |  |  | — |  |  | — |  |  | 208.0 |
OTHER LIABILITIES | — |  |  | 6.6 |  |  | 5.5 |  |  | 492.5 |  |  | — |  |  | 504.6 |
ENSCO SHAREHOLDERS' EQUITY | 9,021.8 |  |  | 2,185.0 |  |  | (1,068.5 | ) |  | 11,085.3 |  |  | (12,212.5 | ) |  | 9,011.1 |
NONCONTROLLING INTERESTS | — |  |  | — |  |  | — |  |  | 10.7 |  |  | — |  |  | 10.7 |
Total equity | 9,021.8 |  |  | 2,185.0 |  |  | (1,068.5 | ) |  | 11,096.0 |  |  | (12,212.5 | ) |  | 9,021.8 |
| $ | 13,944.7 |  |  | $ | 7,424.8 |  |  | $ | 2,711.7 |  |  | $ | 22,809.6 |  |  | $ | (30,450.0 | ) |  | $ | 16,440.8 |
ENSCO PLC AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEETS December 31, 2014 (in millions)
| Ensco plc |  | ENSCO International Incorporated |  | Pride International, Inc. |  | Other Non-Guarantor Subsidiaries of Ensco |  | Consolidating Adjustments |  | Total
ASSETS |  |  |  |  |  |  |  |  |  |  |
CURRENT ASSETS |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 287.4 |  |  | $ | — |  |  | $ | 90.8 |  |  | $ | 286.6 |  |  | $ | — |  |  | $ | 664.8 |
Short-term investments | 712.0 |  |  | — |  |  | — |  |  | 45.3 |  |  | — |  |  | 757.3 |
Accounts receivable, net | — |  |  | — |  |  | — |  |  | 883.3 |  |  | — |  |  | 883.3 |
Accounts receivable from affiliates | 34.5 |  |  | 210.4 |  |  | — |  |  | 134.6 |  |  | (379.5 | ) |  | — |
Other | 4.1 |  |  | 86.9 |  |  | — |  |  | 538.4 |  |  | — |  |  | 629.4 |
Total current assets | 1,038.0 |  |  | 297.3 |  |  | 90.8 |  |  | 1,888.2 |  |  | (379.5 | ) |  | 2,934.8 |
PROPERTY AND EQUIPMENT, AT COST | 2.1 |  |  | 71.5 |  |  | — |  |  | 14,901.9 |  |  | — |  |  | 14,975.5 |
Less accumulated depreciation | 1.7 |  |  | 34.1 |  |  | — |  |  | 2,404.9 |  |  | — |  |  | 2,440.7 |
Property and equipment, net | .4 |  |  | 37.4 |  |  | — |  |  | 12,497.0 |  |  | — |  |  | 12,534.8 |
GOODWILL | — |  |  | — |  |  | — |  |  | 276.1 |  |  | — |  |  | 276.1 |
DUE FROM AFFILIATES | 2,873.2 |  |  | 4,748.2 |  |  | 1,835.0 |  |  | 6,308.8 |  |  | (15,765.2 | ) |  | — |
INVESTMENTS IN AFFILIATES | 9,084.8 |  |  | 1,233.5 |  |  | 461.6 |  |  | — |  |  | (10,779.9 | ) |  | — |
OTHER ASSETS, NET | 17.0 |  |  | 47.4 |  |  | — |  |  | 249.8 |  |  | — |  |  | 314.2 |
| $ | 13,013.4 |  |  | $ | 6,363.8 |  |  | $ | 2,387.4 |  |  | $ | 21,219.9 |  |  | $ | (26,924.6 | ) |  | $ | 16,059.9 |
LIABILITIES AND SHAREHOLDERS' EQUITY |  |  |  |  |  |  |  |
CURRENT LIABILITIES |  |  |  |  |  |  |  |  |  |  |
Accounts payable and accrued liabilities | $ | 47.8 |  |  | $ | 42.8 |  |  | $ | 34.3 |  |  | $ | 944.9 |  |  | $ | — |  |  | $ | 1,069.8 |
Accounts payable to affiliates | 23.5 |  |  | 158.3 |  |  | — |  |  | 197.7 |  |  | (379.5 | ) |  | — |
Current maturities of long-term debt | — |  |  | — |  |  | — |  |  | 34.8 |  |  | — |  |  | 34.8 |
Total current liabilities | 71.3 |  |  | 201.1 |  |  | 34.3 |  |  | 1,177.4 |  |  | (379.5 | ) |  | 1,104.6 |
DUE TO AFFILIATES | 994.8 |  |  | 3,817.4 |  |  | 1,547.7 |  |  | 9,405.3 |  |  | (15,765.2 | ) |  | — |
LONG-TERM DEBT | 3,724.4 |  |  | 149.2 |  |  | 1,973.2 |  |  | 38.8 |  |  | — |  |  | 5,885.6 |
DEFERRED INCOME TAXES | — |  |  | 176.8 |  |  | — |  |  | 2.7 |  |  | — |  |  | 179.5 |
OTHER LIABILITIES | — |  |  | 6.1 |  |  | 7.0 |  |  | 654.2 |  |  | — |  |  | 667.3 |
ENSCO SHAREHOLDERS' EQUITY | 8,222.9 |  |  | 2,013.2 |  |  | (1,174.8 | ) |  | 9,933.6 |  |  | (10,779.9 | ) |  | 8,215.0 |
NONCONTROLLING INTERESTS | — |  |  | — |  |  | — |  |  | 7.9 |  |  | — |  |  | 7.9 |
Total equity | 8,222.9 |  |  | 2,013.2 |  |  | (1,174.8 | ) |  | 9,941.5 |  |  | (10,779.9 | ) |  | 8,222.9 |
| $ | 13,013.4 |  |  | $ | 6,363.8 |  |  | $ | 2,387.4 |  |  | $ | 21,219.9 |  |  | $ | (26,924.6 | ) |  | $ | 16,059.9 |
ENSCO PLC AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS Nine Months Ended September 30, 2015 (in millions) (Unaudited)
| Ensco plc |  | ENSCO International Incorporated |  | Pride International, Inc. |  | Other Non-guarantor Subsidiaries of Ensco |  | Consolidating Adjustments |  | Total
OPERATING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net cash (used in) provided by operating activities of continuing operations | $ | (34.2 | ) |  | $ | (7.1 | ) |  | $ | (86.1 | ) |  | $ | 1,402.0 |  |  | $ | — |  |  | $ | 1,274.6 |
INVESTING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |
Additions to property and equipment | — |  |  | — |  |  | — |  |  | (1,445.8 | ) |  | — |  |  | (1,445.8 | )
Purchases of short-term investments | (850.0 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (850.0 | )
Maturities of short-term investments | 712.0 |  |  | — |  |  | — |  |  | 45.3 |  |  | — |  |  | 757.3 |
Other | — |  |  | — |  |  | — |  |  | 1.4 |  |  | — |  |  | 1.4 |
Net cash used in investing activities of continuing operations | (138.0 | ) |  | — |  |  | — |  |  | (1,399.1 | ) |  | — |  |  | (1,537.1 | )
FINANCING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from issuance of senior notes | 1,078.7 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,078.7 |
Reduction of long-term borrowings | (1,072.5 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (1,072.5 | )
Cash dividends paid | (105.9 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (105.9 | )
Premium paid on redemption of debt | (30.3 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (30.3 | )
Debt financing costs | (10.5 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (10.5 | )
Advances from (to) affiliates | 175.0 |  |  | 7.2 |  |  | 9.9 |  |  | (192.1 | ) |  | — |  |  | — |
Other | (5.2 | ) |  | — |  |  | — |  |  | (3.2 | ) |  | — |  |  | (8.4 | )
Net cash provided by (used in) financing activities | 29.3 |  |  | 7.2 |  |  | 9.9 |  |  | (195.3 | ) |  | — |  |  | (148.9 | )
DISCONTINUED OPERATIONS |  |  |  |  |  |  |  |  |  |  |  |
Operating activities | — |  |  | — |  |  | — |  |  | (12.7 | ) |  | — |  |  | (12.7 | )
Investing activities | — |  |  | — |  |  | — |  |  | (.3 | ) |  | — |  |  | (.3 | )
Net cash used in discontinued operations | — |  |  | — |  |  | — |  |  | (13.0 | ) |  | — |  |  | (13.0 | )
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS | (142.9 | ) |  | .1 |  |  | (76.2 | ) |  | (205.4 | ) |  | — |  |  | (424.4 | )
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD | 287.4 |  |  | — |  |  | 90.8 |  |  | 286.6 |  |  | — |  |  | 664.8 |
CASH AND CASH EQUIVALENTS, END OF PERIOD | $ | 144.5 |  |  | $ | .1 |  |  | $ | 14.6 |  |  | $ | 81.2 |  |  | $ | — |  |  | $ | 240.4 |
ENSCO PLC AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS Nine Months Ended September 30, 2014 (in millions) (Unaudited)
| Ensco plc |  | ENSCO International Incorporated |  | Pride International, Inc. |  | Other Non-guarantor Subsidiaries of Ensco |  | Consolidating Adjustments |  | Total
OPERATING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net cash (used in) provided by operating activities of continuing operations | $ | (82.2 | ) |  | $ | (91.7 | ) |  | $ | (76.7 | ) |  | $ | 1,763.3 |  |  | $ | — |  |  | $ | 1,512.7 |
INVESTING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Additions to property and equipment | — |  |  | (28.1 | ) |  | — |  |  | (1,217.0 | ) |  | — |  |  | (1,245.1 | )
Maturities of short-term investments | — |  |  | — |  |  | — |  |  | 50.0 |  |  |  |  | 50.0 |
Purchases of short-term investments | — |  |  | — |  |  | — |  |  | (45.3 | ) |  | — |  |  | (45.3 | )
Other | — |  |  | — |  |  | — |  |  | 9.8 |  |  | — |  |  | 9.8 |
Net cash used in investing activities of continuing operations | — |  |  | (28.1 | ) |  | — |  |  | (1,202.5 | ) |  | — |  |  | (1,230.6 | )
FINANCING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from issuance of senior notes | 1,246.4 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,246.4 |
Cash dividends paid | (526.7 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (526.7 | )
Reduction of long-term borrowings | — |  |  | — |  |  | — |  |  | (30.9 | ) |  | — |  |  | (30.9 | )
Debt financing costs | (11.3 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (11.3 | )
Advances (to) from affiliates | (295.5 | ) |  | 119.3 |  |  | 414.8 |  |  | (238.6 | ) |  | — |  |  | — |
Other | (10.2 | ) |  | — |  |  | — |  |  | (7.4 | ) |  | — |  |  | (17.6 | )
Net cash provided by (used in) financing activities | 402.7 |  |  | 119.3 |  |  | 414.8 |  |  | (276.9 | ) |  | — |  |  | 659.9 |
DISCONTINUED OPERATIONS |  |  |  |  |  |  |  |  |  |  |  |
Operating activities | — |  |  | — |  |  | — |  |  | 10.6 |  |  | — |  |  | 10.6 |
Investing activities | — |  |  | — |  |  | — |  |  | 55.5 |  |  | — |  |  | 55.5 |
Net cash provided by discontinued operations | — |  |  | — |  |  | — |  |  | 66.1 |  |  | — |  |  | 66.1 |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 320.5 |  |  | (.5 | ) |  | 338.1 |  |  | 350.0 |  |  | — |  |  | 1,008.1 |
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD | 46.5 |  |  | .5 |  |  | 4.9 |  |  | 113.7 |  |  | — |  |  | 165.6 |
CASH AND CASH EQUIVALENTS, END OF PERIOD | $ | 367.0 |  |  | $ | — |  |  | $ | 343.0 |  |  | $ | 463.7 |  |  | $ | — |  |  | $ | 1,173.7 |

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- Definition The entire disclosure for each guarantee obligation, or each group of similar guarantee obligations, including (a) the nature of the guarantee, including its term, how it arose, and the events or circumstances that would require the guarantor to perform under the guarantee; (b) the maximum potential amount of future payments (undiscounted) the guarantor could be required to make under the guarantee; (c) the current carrying amount of the liability, if any, for the guarantor's obligations under the guarantee; and (d) the nature of any recourse provisions under the guarantee, and any assets held either as collateral or by third parties, and any relevant related party disclosure. Excludes disclosures about product warranties. + References No definition available. + Details
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