Guarantee Of Registered Securities (Tables)

12 Months Ended

Dec. 31, 2015

Condensed Consolidating Statements Of Income



ENSCO PLC AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS Year Ended December 31, 2015 (in millions)
	Ensco plc			ENSCO International Incorporated			Pride International, Inc.			Other Non-guarantor Subsidiaries of Ensco			Consolidating Adjustments			Total
OPERATING REVENUES	$	31.7		$	163.5		$	—		$	4,199.4		$	(331.2	)	$	4,063.4
OPERATING EXPENSES
Contract drilling (exclusive of depreciation)	29.2			163.5			—			2,008.1			(331.2		)	1,869.6
Loss on impairment	—			—			—			2,746.4			—			2,746.4
Depreciation	.1			13.8			—			558.6			—			572.5
General and administrative	51.5			.2			—			66.7			—			118.4
OPERATING LOSS	(49.1		)	(14.0		)	—			(1,180.4		)	—			(1,243.5		)
OTHER (EXPENSE) INCOME, NET	(169.5		)	(28.6		)	(71.5		)	41.9			—			(227.7		)
LOSS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	(218.6		)	(42.6		)	(71.5		)	(1,138.5		)	—			(1,471.2		)
INCOME TAX (BENEFIT) EXPENSE	—			(190.6		)	—			176.7			—			(13.9		)
DISCONTINUED OPERATIONS, NET	—			—			—			(128.6		)	—			(128.6		)
EQUITY LOSS IN AFFILIATES, NET OF TAX	(1,376.2		)	(1,672.8		)	(1,771.5		)	—			4,820.5			—
NET LOSS	(1,594.8		)	(1,524.8		)	(1,843.0		)	(1,443.8		)	4,820.5			(1,585.9		)
NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS	—			—			—			(8.9		)	—			(8.9		)
NET LOSS ATTRIBUTABLE TO ENSCO	$	(1,594.8	)	$	(1,524.8	)	$	(1,843.0	)	$	(1,452.7	)	$	4,820.5		$	(1,594.8	)



ENSCO PLC AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS Year Ended December 31, 2014 (in millions)
	Ensco plc			ENSCO International Incorporated			Pride International, Inc.			Other Non-guarantor Subsidiaries of Ensco			Consolidating Adjustments			Total
OPERATING REVENUES	$	34.5		$	145.4		$	—		$	4,683.0		$	(298.4	)	$	4,564.5
OPERATING EXPENSES
Contract drilling (exclusive of depreciation)	31.8			145.4			—			2,198.1			(298.4		)	2,076.9
Loss on impairment	—			—			—			4,218.7			—			4,218.7
Depreciation	.2			7.6			—			530.1			—			537.9
General and administrative	52.0			.4			—			79.5			—			131.9
OPERATING LOSS	(49.5		)	(8.0		)	—			(2,343.4		)	—			(2,400.9		)
OTHER (EXPENSE) INCOME, NET	(67.0		)	(43.3		)	(54.7		)	17.1			—			(147.9		)
LOSS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	(116.5		)	(51.3		)	(54.7		)	(2,326.3		)	—			(2,548.8		)
INCOME TAX (BENEFIT) EXPENSE	—			(44.9		)	—			185.4			—			140.5
DISCONTINUED OPERATIONS, NET	—			—			—			(1,199.2		)	—			(1,199.2		)
EQUITY LOSS IN AFFILIATES, NET OF TAX	(3,786.1		)	(3,651.0		)	(3,744.3		)	—			11,181.4			—
NET LOSS	(3,902.6		)	(3,657.4		)	(3,799.0		)	(3,710.9		)	11,181.4			(3,888.5		)
NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS	—			—			—			(14.1		)	—			(14.1		)
NET LOSS ATTRIBUTABLE TO ENSCO	$	(3,902.6	)	$	(3,657.4	)	$	(3,799.0	)	$	(3,725.0	)	$	11,181.4		$	(3,902.6	)



ENSCO PLC AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS Year Ended December 31, 2013 (in millions)
	Ensco plc			ENSCO International Incorporated			Pride International, Inc.			Other Non-guarantor Subsidiaries of Ensco			Consolidating Adjustments			Total
OPERATING REVENUES	$	35.0		$	149.4		$	—		$	4,446.4		$	(307.4	)	$	4,323.4
OPERATING EXPENSES
Contract drilling (exclusive of depreciation)	27.5			149.4			—			2,077.6			(307.4		)	1,947.1
Depreciation	.3			4.0			—			491.9			—			496.2
General and administrative	63.5			.5			—			82.8			—			146.8
OPERATING (LOSS) INCOME	(56.3		)	(4.5		)	—			1,794.1			—			1,733.3
OTHER (EXPENSE) INCOME, NET	(65.6		)	(9.4		)	(27.9		)	2.8			—			(100.1		)
(LOSS) INCOME BEFORE INCOME TAXES	(121.9		)	(13.9		)	(27.9		)	1,796.9			—			1,633.2
INCOME TAX EXPENSE	—			92.5			—			110.6			—			203.1
DISCONTINUED OPERATIONS, NET	—			—			—			(2.2		)	—			(2.2		)
EQUITY EARNINGS IN AFFILIATES, NET OF TAX	1,540.1			366.2			111.6			—			(2,017.9		)	—
NET INCOME	1,418.2			259.8			83.7			1,684.1			(2,017.9		)	1,427.9
NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS	—			—			—			(9.7		)	—			(9.7		)
NET INCOME ATTRIBUTABLE TO ENSCO	$	1,418.2		$	259.8		$	83.7		$	1,674.4		$	(2,017.9	)	$	1,418.2

Schedule of Condensed Consolidated Statements of Comprehensive Income

ENSCO PLC AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE (LOSS) INCOME

Year Ended December 31, 2015

(in millions)



	Ensco plc			ENSCO International Incorporated			Pride International, Inc.			Other Non-Guarantor Subsidiaries of Ensco			Consolidating Adjustments		Total

NET LOSS	$	(1,594.8	)	$	(1,524.8	)	$	(1,843.0	)	$	(1,443.8	)	$	4,820.5	$	(1,585.9	)
OTHER COMPREHENSIVE (LOSS) INCOME, NET
Net change in fair value of derivatives	—			(23.6		)	—			—			—		(23.6		)
Reclassification of net losses on derivative instruments from other comprehensive income into net income	—			22.2			—			—			—		22.2
Other	—			—			—			2.0			—		2.0
NET OTHER COMPREHENSIVE (LOSS) INCOME	—			(1.4		)	—			2.0			—		.6

COMPREHENSIVE LOSS	(1,594.8		)	(1,526.2		)	(1,843.0		)	(1,441.8		)	4,820.5		(1,585.3		)
COMPREHENSIVE INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS	—			—			—			(8.9		)	—		(8.9		)
COMPREHENSIVE LOSS ATTRIBUTABLE TO ENSCO	$	(1,594.8	)	$	(1,526.2	)	$	(1,843.0	)	$	(1,450.7	)	$	4,820.5	$	(1,594.2	)

ENSCO PLC AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE (LOSS) INCOME

Year Ended December 31, 2014

(in millions)



	Ensco plc			ENSCO International Incorporated			Pride International, Inc.			Other Non-Guarantor Subsidiaries of Ensco			Consolidating Adjustments		Total

NET LOSS	$	(3,902.6	)	$	(3,657.4	)	$	(3,799.0	)	$	(3,710.9	)	$	11,181.4	$	(3,888.5	)
OTHER COMPREHENSIVE (LOSS) INCOME, NET
Net change in fair value of derivatives	—			(11.7		)	—			—			—		(11.7		)
Reclassification of net gains on derivative instruments from other comprehensive income into net income	—			(.9		)	—			—			—		(.9		)
Other	—			—			—			6.3			—		6.3
NET OTHER COMPREHENSIVE (LOSS) INCOME	—			(12.6		)	—			6.3			—		(6.3		)

COMPREHENSIVE LOSS	(3,902.6		)	(3,670.0		)	(3,799.0		)	(3,704.6		)	11,181.4		(3,894.8		)
COMPREHENSIVE INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS	—			—			—			(14.1		)	—		(14.1		)
COMPREHENSIVE LOSS ATTRIBUTABLE TO ENSCO	$	(3,902.6	)	$	(3,670.0	)	$	(3,799.0	)	$	(3,718.7	)	$	11,181.4	$	(3,908.9	)

ENSCO PLC AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE (LOSS) INCOME

Year Ended December 31, 2013

(in millions)



	Ensco plc		ENSCO International Incorporated			Pride International, Inc.		Other Non-Guarantor Subsidiaries of Ensco			Consolidating Adjustments			Total

NET INCOME	$	1,418.2	$	259.8		$	83.7	$	1,684.1		$	(2,017.9	)	$	1,427.9
OTHER COMPREHENSIVE (LOSS) INCOME, NET
Net change in fair value of derivatives	—		(5.8		)	—		—			—			(5.8		)
Reclassification of net losses on derivative instruments from other comprehensive income into net income	—		2.0			—		—			—			2.0
Other	—		—			—		1.9			—			1.9
NET OTHER COMPREHENSIVE (LOSS) INCOME	—		(3.8		)	—		1.9			—			(1.9		)

COMPREHENSIVE INCOME	1,418.2		256.0			83.7		1,686.0			(2,017.9		)	1,426.0
COMPREHENSIVE INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS	—		—			—		(9.7		)	—			(9.7		)
COMPREHENSIVE INCOME ATTRIBUTABLE TO ENSCO	$	1,418.2	$	256.0		$	83.7	$	1,676.3		$	(2,017.9	)	$	1,416.3

Condensed Consolidating Balance Sheets



ENSCO PLC AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEETS December 31, 2015 (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	$	94.0	$	—	$	2.0		$	25.3	$	—		$	121.3
Short-term investments	1,180.0		—		—			—		—			1,180.0
Accounts receivable, net	1.2		—		—			580.8		—			582.0
Accounts receivable from affiliates	808.7		237.3		—			148.1		(1,194.1		)	—
Other	.2		229.3		—			172.3		—			401.8
Total current assets	2,084.1		466.6		2.0			926.5		(1,194.1		)	2,285.1
PROPERTY AND EQUIPMENT, AT COST	1.8		117.5		—			12,600.1		—			12,719.4
Less accumulated depreciation	1.8		47.7		—			1,582.1		—			1,631.6
Property and equipment, net	—		69.8		—			11,018.0		—			11,087.8
DUE FROM AFFILIATES	1,303.7		5,270.0		2,035.5			6,869.9		(15,479.1		)	—
INVESTMENTS IN AFFILIATES	7,743.8		—		—			—		(7,743.8		)	—
OTHER ASSETS, NET	26.3		43.3		—			324.9		(130.4		)	264.1
	$	11,157.9	$	5,849.7	$	2,037.5		$	19,139.3	$	(24,547.4	)	$	13,637.0
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES
Accounts payable and accrued liabilities	$	60.7	$	69.6	$	34.8		$	610.4	$	—		$	775.5
Accounts payable to affiliates	19.4		176.3		—			998.4		(1,194.1		)	—
Current maturities of long-term debt	—		—		—			—		—			—
Total current liabilities	80.1		245.9		34.8			1,608.8		(1,194.1		)	775.5
DUE TO AFFILIATES	751.9		4,354.3		1,763.7			8,609.2		(15,479.1		)	—
LONG-TERM DEBT	3,808.7		149.2		1,937.2			—		—			5,895.1
DEFERRED INCOME TAXES	—		130.4		—			4.4		(130.4		)	4.4
INVESTMENTS IN AFFILIATES	—		442.0		1,319.3			—		(1,761.3		)	—
OTHER LIABILITIES	—		5.3		—			439.5		—			444.8
ENSCO SHAREHOLDERS' EQUITY (DEFICIT)	6,517.2		522.6		(3,017.5		)	8,473.1		(5,982.5		)	6,512.9
NONCONTROLLING INTERESTS	—		—		—			4.3		—			4.3
Total equity (deficit)	6,517.2		522.6		(3,017.5		)	8,477.4		(5,982.5		)	6,517.2
	$	11,157.9	$	5,849.7	$	2,037.5		$	19,139.3	$	(24,547.4	)	$	13,637.0



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		68.9		—			512.6		—			585.6
Total current assets	1,038.0		279.3		90.8			1,862.4		(379.5		)	2,891.0
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		—			274.5		—			338.9
	$	13,013.4	$	6,345.8	$	2,387.4		$	21,218.8	$	(26,924.6	)	$	16,040.8
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES
Accounts payable and accrued liabilities	$	47.8	$	42.8	$	34.3		$	942.4	$	—		$	1,067.3
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			1,174.9		(379.5		)	1,102.1
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	—		158.8		—			4.1		—			162.9
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	$	6,345.8	$	2,387.4		$	21,218.8	$	(26,924.6	)	$	16,040.8

Condensed Consolidating Statements Of Cash Flows



ENSCO PLC AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS Year Ended December 31, 2015 (in millions)
	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	$	(71.1	)	$	2.0		$	(114.0	)	$	1,881.0		$	—	$	1,697.9
INVESTING ACTIVITIES
Purchases of short-term investments	(1,780.0		)	—			—			—			—		(1,780.0		)
Additions to property and equipment	—			—			—			(1,619.5		)	—		(1,619.5		)
Maturities of short-term investments	1,312.0			—			—			45.3			—		1,357.3
Net proceeds from disposition of assets	.3			—			—			1.3			—		1.6
Net cash used in investing activities of continuing operations	(467.7		)	—			—			(1,572.9		)	—		(2,040.6		)
FINANCING ACTIVITIES
Proceeds from debt issuance	1,078.7			—			—			—			—		1,078.7
Reduction of long-term borrowings	(1,072.5		)	—			—			—			—		(1,072.5		)
Cash dividends paid	(141.2		)	—			—			—			—		(141.2		)
Premium paid on redemption of debt	(30.3		)	—			—			—			—		(30.3		)
Debt financing costs	(10.5		)	—			—			—			—		(10.5		)
Proceeds from exercise of share options	.3			—			—			—			—		.3
Advances from (to) affiliates	526.2			(2.0		)	25.2			(549.4		)	—		—
Other	(5.3		)	—			—			(11.0		)	—		(16.3		)
Net cash provided by (used in) financing activities	345.4			(2.0		)	25.2			(560.4		)	—		(191.8		)
DISCONTINUED OPERATIONS
Operating activities	—			—			—			(10.9		)	—		(10.9		)
Investing activities	—			—			—			2.2			—		2.2
Net cash used in discontinued operations	—			—			—			(8.7		)	—		(8.7		)
Effect of exchange rate changes on cash and cash equivalents	—			—			—			(.3		)	—		(0.3		)
DECREASE IN CASH AND CASH EQUIVALENTS	(193.4		)	—			(88.8		)	(261.3		)	—		(543.5		)
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR	287.4			—			90.8			286.6			—		664.8
CASH AND CASH EQUIVALENTS, END OF YEAR	$	94.0		$	—		$	2.0		$	25.3		$	—	$	121.3



ENSCO PLC AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS Year Ended December 31, 2014 (in millions)
	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	$	(63.8	)	$	(167.6	)	$	(90.9	)	$	2,380.2		$	—	$	2,057.9
INVESTING ACTIVITIES
Additions to property and equipment	—			(37.2		)	—			(1,529.5		)	—		(1,566.7		)
Purchases of short-term investments	(716.1		)	—			—			(74.5		)	—		(790.6		)
Net proceeds from disposition of assets	—			—			—			169.2			—		169.2
Maturities of short-term investments	—			—			—			83.3			—		83.3
Net cash used in investing activities of continuing operations	(716.1		)	(37.2		)	—			(1,351.5		)	—		(2,104.8		)
FINANCING ACTIVITIES
Proceeds from debt issuance	1,246.4			—			—			—			—		1,246.4
Cash dividends paid	(703.0		)	—			—			—			—		(703.0		)
Reduction of long-term borrowings	—			—			—			(60.1		)	—		(60.1		)
Debt financing costs	(13.4		)	—			—			—			—		(13.4		)
Proceeds from exercise of share options	2.6			—			—			—			—		2.6
Advances from (to) affiliates	501.9			204.3			176.8			(883.0		)	—		—
Other	(13.7		)	—			—			(16.1		)	—		(29.8		)
Net cash provided by (used in) financing activities	1,020.8			204.3			176.8			(959.2		)	—		442.7
DISCONTINUED OPERATIONS
Operating activities	—			—			—			(3.8		)	—		(3.8		)
Investing activities	—			—			—			107.2			—		107.2
Net cash provided by discontinued operations	—			—			—			103.4			—		103.4
Effect of exchange rate changes on cash and cash equivalents	—			—			—			—			—		—
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	240.9			(.5		)	85.9			172.9			—		499.2
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR	46.5			.5			4.9			113.7			—		165.6
CASH AND CASH EQUIVALENTS, END OF YEAR	$	287.4		$	—		$	90.8		$	286.6		$	—	$	664.8



ENSCO PLC AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS Year Ended December 31, 2013 (in millions)
	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	$	(114.8	)	$	(128.7	)	$	(62.9	)	$	2,117.6		$	—	$	1,811.2
INVESTING ACTIVITIES
Additions to property and equipment	—			—			—			(1,763.5		)	—		(1,763.5		)
Purchases of short-term investments	—			—			—			(50.0		)	—		(50.0		)
Maturities of short-term investments	—			—			—			50.0			—		50.0
Net proceeds from disposition of assets	—			(4.1		)	—			10.1			—		6.0
Net cash used in investing activities of continuing operations	—			(4.1		)	—			(1,753.4		)	—		(1,757.5		)
FINANCING ACTIVITIES
Cash dividends paid	(525.6		)	—			—			—			—		(525.6		)
Reduction of long-term borrowing	—			—			—			(47.5		)	—		(47.5		)
Proceeds from exercise of share options	22.3			—			—			—			—		22.3
Debt financing costs	—			(4.6		)	—			—			—		(4.6		)
Advances from (to) affiliates	407.2			136.2			(17.2		)	(526.2		)	—		—
Other	(14.4		)	—			—			(7.3		)	—		(21.7		)
Net cash (used in) provided by financing activities	(110.5		)	131.6			(17.2		)	(581.0		)	—		(577.1		)
DISCONTINUED OPERATIONS
Operating activities	—			—			—			169.3			—		169.3
Investing activities	—			—			—			32.8			—		32.8
Net cash provided by discontinued operations	—			—			—			202.1			—		202.1
Effect of exchange rate changes on cash and cash equivalents	—			—			—			(.2		)	—		(.2		)
DECREASE IN CASH AND CASH EQUIVALENTS	(225.3		)	(1.2		)	(80.1		)	(14.9		)	—		(321.5		)
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR	271.8			1.7			85.0			128.6			—		487.1
CASH AND CASH EQUIVALENTS, END OF YEAR	$	46.5		$	.5		$	4.9		$	113.7		$	—	$	165.6