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Guarantee Of Registered Securities | 9 Months Ended
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Sep. 30, 2016
Guarantees [Abstract] |
Guarantee Of Registered Securities | Guarantee of Registered Securities Ensco plc provides for the full and unconditional guarantee of Pride International, Inc.'s, a wholly-owned subsidiary of Ensco plc, 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 $1.4 billion as of September 30, 2016. The Ensco plc guarantee provides for the unconditional and irrevocable guarantee of the prompt payment, when due, of any amount owed to the note holders. Ensco plc is also a full and unconditional guarantor of the 7.2% debentures due 2027 issued by ENSCO International Incorporated, a wholly-owned subsidiary of Ensco plc, during 1997, which had an aggregate outstanding principal balance of $150.0 million as of September 30, 2016. 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, 2016 and 2015; the unaudited condensed consolidating statements of comprehensive income for the three-month and nine-month periods ended September 30, 2016 and 2015; the condensed consolidating balance sheets as of September 30, 2016 (unaudited) and December 31, 2015; and the unaudited condensed consolidating statements of cash flows for the nine-month periods ended September 30, 2016 and 2015, in accordance with Rule 3-10 of Regulation S-X.
ENSCO PLC AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS Three Months Ended September 30, 2016 (in millions) (Unaudited)
| Ensco plc |  | ENSCO International Incorporated |  | Pride International, Inc. |  | Other Non-Guarantor Subsidiaries of Ensco |  | Consolidating Adjustments |  | Total
OPERATING REVENUES | $ | 6.7 |  |  | $ | 36.1 |  |  | $ | — |  |  | $ | 581.0 |  |  | $ | (75.6 | ) |  | $ | 548.2 |
OPERATING EXPENSES |  |  |  |  |  |  |  |  |  |  |
Contract drilling (exclusive of depreciation) | 6.7 |  |  | 36.5 |  |  | — |  |  | 330.5 |  |  | (75.6 | ) |  | 298.1 |
Depreciation | — |  |  | 4.2 |  |  | — |  |  | 105.2 |  |  | — |  |  | 109.4 |
General and administrative | 9.1 |  |  | .1 |  |  | — |  |  | 16.1 |  |  | — |  |  | 25.3 |
OPERATING (LOSS) INCOME | (9.1 | ) |  | (4.7 | ) |  | — |  |  | 129.2 |  |  | — |  |  | 115.4 |
OTHER INCOME (EXPENSE), NET | 6.9 |  |  | (32.5 | ) |  | (18.9 | ) |  | 7.8 |  |  | 5.8 |  |  | (30.9 | )
(LOSS) INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES | (2.2 | ) |  | (37.2 | ) |  | (18.9 | ) |  | 137.0 |  |  | 5.8 |  |  | 84.5 |
INCOME TAX PROVISION | — |  |  | (3.5 | ) |  | (.6 | ) |  | .6 |  |  | — |  |  | (3.5 | )
DISCONTINUED OPERATIONS, NET | — |  |  | — |  |  | — |  |  | (.7 | ) |  | — |  |  | (.7 | )
EQUITY EARNINGS IN AFFILIATES, NET OF TAX | 87.5 |  |  | 60.2 |  |  | 23.2 |  |  | — |  |  | (170.9 | ) |  | — |
NET INCOME | 85.3 |  |  | 26.5 |  |  | 4.9 |  |  | 135.7 |  |  | (165.1 | ) |  | 87.3 |
NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS | — |  |  | — |  |  | — |  |  | (2.0 | ) |  | — |  |  | (2.0 | )
NET INCOME ATTRIBUTABLE TO ENSCO | $ | 85.3 |  |  | $ | 26.5 |  |  | $ | 4.9 |  |  | $ | 133.7 |  |  | $ | (165.1 | ) |  | $ | 85.3 |
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 Nine Months Ended September 30, 2016 (in millions) (Unaudited)
| Ensco plc |  | ENSCO International Incorporated |  | Pride International, Inc. |  | Other Non-Guarantor Subsidiaries of Ensco |  | Consolidating Adjustments |  | Total
OPERATING REVENUES | $ | 21.5 |  |  | $ | 108.2 |  |  | $ | — |  |  | $ | 2,361.7 |  |  | $ | (219.6 | ) |  | $ | 2,271.8 |
OPERATING EXPENSES |  |  |  |  |  |  |  |  |  |  |
Contract drilling (exclusive of depreciation) | 20.6 |  |  | 108.6 |  |  | — |  |  | 1,102.4 |  |  | (219.6 | ) |  | 1,012.0 |
Depreciation | — |  |  | 12.9 |  |  | — |  |  | 322.2 |  |  | — |  |  | 335.1 |
General and administrative | 25.8 |  |  | .2 |  |  | — |  |  | 50.1 |  |  | — |  |  | 76.1 |
OPERATING (LOSS) INCOME | (24.9 | ) |  | (13.5 | ) |  | — |  |  | 887.0 |  |  | — |  |  | 848.6 |
OTHER INCOME (EXPENSE), NET | 145.9 |  |  | (39.2 | ) |  | (56.8 | ) |  | (1.2 | ) |  | 65.7 |  |  | 114.4 |
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES | 121.0 |  |  | (52.7 | ) |  | (56.8 | ) |  | 885.8 |  |  | 65.7 |  |  | 963.0 |
INCOME TAX PROVISION | — |  |  | 11.9 |  |  | (.6 | ) |  | 93.3 |  |  | — |  |  | 104.6 |
DISCONTINUED OPERATIONS, NET | — |  |  | — |  |  | — |  |  | (1.8 | ) |  | — |  |  | (1.8 | )
EQUITY EARNINGS IN AFFILIATES, NET OF TAX | 730.2 |  |  | 113.7 |  |  | 87.0 |  |  | — |  |  | (930.9 | ) |  | — |
NET INCOME | 851.2 |  |  | 49.1 |  |  | 30.8 |  |  | 790.7 |  |  | (865.2 | ) |  | 856.6 |
NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS | — |  |  | — |  |  | — |  |  | (5.4 | ) |  | — |  |  | (5.4 | )
NET INCOME ATTRIBUTABLE TO ENSCO | $ | 851.2 |  |  | $ | 49.1 |  |  | $ | 30.8 |  |  | $ | 785.3 |  |  | $ | (865.2 | ) |  | $ | 851.2 |
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 COMPREHENSIVE INCOME Three Months Ended September 30, 2016 (in millions) (Unaudited)
| Ensco plc |  | ENSCO International Incorporated |  | Pride International, Inc. |  | Other Non-Guarantor Subsidiaries of Ensco |  | Consolidating Adjustments |  | Total
NET INCOME | $ | 85.3 |  |  | $ | 26.5 |  |  | $ | 4.9 |  |  | $ | 135.7 |  |  | $ | (165.1 | ) |  | $ | 87.3 |
OTHER COMPREHENSIVE INCOME (LOSS), NET |  |  |  |  |  |  |  |  |  |  |
Net change in derivative fair value | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Reclassification of net losses on derivative instruments from other comprehensive income into net income | — |  |  | 2.2 |  |  | — |  |  | — |  |  | — |  |  | 2.2 |
Other | — |  |  | — |  |  | — |  |  | (.5 | ) |  | — |  |  | (.5 | )
NET OTHER COMPREHENSIVE INCOME (LOSS) | — |  |  | 2.2 |  |  | — |  |  | (.5 | ) |  | — |  |  | 1.7 |
COMPREHENSIVE INCOME | 85.3 |  |  | 28.7 |  |  | 4.9 |  |  | 135.2 |  |  | (165.1 | ) |  | 89.0 |
COMPREHENSIVE INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS | — |  |  | — |  |  | — |  |  | (2.0 | ) |  | — |  |  | (2.0 | )
COMPREHENSIVE INCOME ATTRIBUTABLE TO ENSCO | $ | 85.3 |  |  | $ | 28.7 |  |  | $ | 4.9 |  |  | $ | 133.2 |  |  | $ | (165.1 | ) |  | $ | 87.0 |
ENSCO PLC AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME 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 INCOME (LOSS), NET |  |  |  |  |  |  |  |  |  |  |
Net change in derivative fair value | — |  |  | (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) Nine Months Ended September 30, 2016 (in millions) (Unaudited)
| Ensco plc |  | ENSCO International Incorporated |  | Pride International, Inc. |  | Other Non-Guarantor Subsidiaries of Ensco |  | Consolidating Adjustments |  | Total
NET INCOME | $ | 851.2 |  |  | $ | 49.1 |  |  | $ | 30.8 |  |  | $ | 790.7 |  |  | $ | (865.2 | ) |  | $ | 856.6 |
OTHER COMPREHENSIVE INCOME (LOSS), NET |  |  |  |  |  |  |  |  |  |  |
Net change in derivative fair value | — |  |  | (.6 | ) |  | — |  |  | — |  |  | — |  |  | (.6 | )
Reclassification of net losses on derivative instruments from other comprehensive income into net income | — |  |  | 10.1 |  |  | — |  |  | — |  |  | — |  |  | 10.1 |
Other | — |  |  | — |  |  | — |  |  | (.5 | ) |  | — |  |  | (.5 | )
NET OTHER COMPREHENSIVE INCOME (LOSS) | — |  |  | 9.5 |  |  | — |  |  | (.5 | ) |  | — |  |  | 9.0 |
COMPREHENSIVE INCOME | 851.2 |  |  | 58.6 |  |  | 30.8 |  |  | 790.2 |  |  | (865.2 | ) |  | 865.6 |
COMPREHENSIVE INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS | — |  |  | — |  |  | — |  |  | (5.4 | ) |  | — |  |  | (5.4 | )
COMPREHENSIVE INCOME ATTRIBUTABLE TO ENSCO | $ | 851.2 |  |  | $ | 58.6 |  |  | $ | 30.8 |  |  | $ | 784.8 |  |  | $ | (865.2 | ) |  | $ | 860.2 |
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 derivative fair value | — |  |  | (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 BALANCE SHEETS September 30, 2016 (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 | $ | 175.2 |  |  | $ | — |  |  | $ | 20.8 |  |  | $ | 269.4 |  |  | $ | — |  |  | $ | 465.4 |
Short-term investments | 880.0 |  |  | — |  |  | — |  |  | 422.0 |  |  | — |  |  | 1,302.0 |
Accounts receivable, net | 3.8 |  |  | — |  |  | — |  |  | 348.3 |  |  | — |  |  | 352.1 |
Accounts receivable from affiliates | 706.5 |  |  | 661.5 |  |  | .1 |  |  | 546.0 |  |  | (1,914.1 | ) |  | — |
Other | .1 |  |  | 24.6 |  |  | — |  |  | 321.5 |  |  | — |  |  | 346.2 |
Total current assets | 1,765.6 |  |  | 686.1 |  |  | 20.9 |  |  | 1,907.2 |  |  | (1,914.1 | ) |  | 2,465.7 |
PROPERTY AND EQUIPMENT, AT COST | 1.8 |  |  | 120.2 |  |  | — |  |  | 12,801.9 |  |  | — |  |  | 12,923.9 |
Less accumulated depreciation | 1.8 |  |  | 59.6 |  |  | — |  |  | 1,902.8 |  |  | — |  |  | 1,964.2 |
Property and equipment, net | — |  |  | 60.6 |  |  | — |  |  | 10,899.1 |  |  | — |  |  | 10,959.7 |
DUE FROM AFFILIATES | 1,520.7 |  |  | 5,207.2 |  |  | 2,008.5 |  |  | 6,887.9 |  |  | (15,624.3 | ) |  | — |
INVESTMENTS IN AFFILIATES | 8,511.7 |  |  | 975.9 |  |  | — |  |  | — |  |  | (9,487.6 | ) |  | — |
OTHER ASSETS, NET | — |  |  | 69.8 |  |  | — |  |  | 107.1 |  |  | — |  |  | 176.9 |
| $ | 11,798.0 |  |  | $ | 6,999.6 |  |  | $ | 2,029.4 |  |  | $ | 19,801.3 |  |  | $ | (27,026.0 | ) |  | $ | 13,602.3 |
LIABILITIES AND SHAREHOLDERS' EQUITY |  |  |  |  |  |  |  |
CURRENT LIABILITIES |  |  |  |  |  |  |  |  |  |  |
Accounts payable and accrued liabilities | $ | 50.8 |  |  | $ | 42.4 |  |  | $ | 20.0 |  |  | $ | 451.4 |  |  | $ | — |  |  | $ | 564.6 |
Accounts payable to affiliates | 45.6 |  |  | 643.4 |  |  | 3.4 |  |  | 1,221.7 |  |  | (1,914.1 | ) |  | $ | — |
Current maturities of long-term debt | 23.8 |  |  | — |  |  | 1.8 |  |  | — |  |  | — |  |  | 25.6 |
Total current liabilities | 120.2 |  |  | 685.8 |  |  | 25.2 |  |  | 1,673.1 |  |  | (1,914.1 | ) |  | 590.2 |
DUE TO AFFILIATES | 771.3 |  |  | 5,519.0 |  |  | 2,156.6 |  |  | 7,177.4 |  |  | (15,624.3 | ) |  | — |
LONG-TERM DEBT | 2,925.5 |  |  | 149.2 |  |  | 1,602.3 |  |  | — |  |  | — |  |  | 4,677.0 |
INVESTMENTS IN AFFILIATES | — |  |  | — |  |  | 1,234.1 |  |  |  |  | (1,234.1 | ) |  | — |
OTHER LIABILITIES | — |  |  | 3.7 |  |  | — |  |  | 350.4 |  |  | — |  |  | 354.1 |
ENSCO SHAREHOLDERS' EQUITY | 7,981.0 |  |  | 641.9 |  |  | (2,988.8 | ) |  | 10,592.1 |  |  | (8,253.5 | ) |  | 7,972.7 |
NONCONTROLLING INTERESTS | — |  |  | — |  |  | — |  |  | 8.3 |  |  | — |  |  | 8.3 |
Total equity | 7,981.0 |  |  | 641.9 |  |  | (2,988.8 | ) |  | 10,600.4 |  |  | (8,253.5 | ) |  | 7,981.0 |
| $ | 11,798.0 |  |  | $ | 6,999.6 |  |  | $ | 2,029.4 |  |  | $ | 19,801.3 |  |  | $ | (27,026.0 | ) |  | $ | 13,602.3 |
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 | — |  |  | 43.1 |  |  | — |  |  | 324.9 |  |  | (130.4 | ) |  | 237.6 |
| $ | 11,131.6 |  |  | $ | 5,849.5 |  |  | $ | 2,037.5 |  |  | $ | 19,139.3 |  |  | $ | (24,547.4 | ) |  | $ | 13,610.5 |
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 | ) |  | — |
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 | 3,782.4 |  |  | 149.0 |  |  | 1,937.2 |  |  | — |  |  | — |  |  | 5,868.6 |
INVESTMENTS IN AFFILIATES | — |  |  | 442.0 |  |  | 1,319.3 |  |  | — |  |  | (1,761.3 | ) |  | — |
OTHER LIABILITIES | — |  |  | 135.7 |  |  | — |  |  | 443.9 |  |  | (130.4 | ) |  | 449.2 |
ENSCO SHAREHOLDERS' EQUITY | 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 | 6,517.2 |  |  | 522.6 |  |  | (3,017.5 | ) |  | 8,477.4 |  |  | (5,982.5 | ) |  | 6,517.2 |
| $ | 11,131.6 |  |  | $ | 5,849.5 |  |  | $ | 2,037.5 |  |  | $ | 19,139.3 |  |  | $ | (24,547.4 | ) |  | $ | 13,610.5 |
ENSCO PLC AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS Nine Months Ended September 30, 2016 (in millions) (Unaudited)
| Ensco plc |  | ENSCO International Incorporated |  | Pride International, Inc. |  | Other Non-guarantor Subsidiaries of Ensco |  | Consolidating Adjustments |  | Total
OPERATING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net cash provided by (used in) operating activities of continuing operations | $ | 150.4 |  |  | $ | (23.6 | ) |  | $ | (95.3 | ) |  | $ | 963.3 |  |  | $ | — |  |  | $ | 994.8 |
INVESTING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |
Maturities of short-term investments | 1,582.0 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,582.0 |
Purchases of short-term investments | (1,282.0 | ) |  | — |  |  | — |  |  | (422.0 | ) |  | — |  |  | (1,704.0 | )
Additions to property and equipment | — |  |  | — |  |  | — |  |  | (255.5 | ) |  | — |  |  | (255.5 | )
Purchase of affiliate debt | (237.9 | ) |  | — |  |  | — |  |  | — |  |  | 237.9 |  |  | — |
Other | — |  |  | — |  |  | — |  |  | 7.7 |  |  | — |  |  | 7.7 |
Net cash provided by (used in) investing activities of continuing operations | 62.1 |  |  | — |  |  | — |  |  | (669.8 | ) |  | 237.9 |  |  | (369.8 | )
FINANCING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Reduction of long-term borrowings | (862.4 | ) |  | — |  |  | — |  |  | 237.9 |  |  | (237.9 | ) |  | (862.4 | )
Proceeds from equity issuance | 585.5 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 585.5 |
Cash dividends paid | (8.5 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (8.5 | )
Advances from (to) affiliates | 156.1 |  |  | 23.6 |  |  | 114.1 |  |  | (293.8 | ) |  | — |  |  | — |
Other | (2.0 | ) |  | — |  |  | — |  |  | (.3 | ) |  | — |  |  | (2.3 | )
Net cash (used in) provided by financing activities | (131.3 | ) |  | 23.6 |  |  | 114.1 |  |  | (56.2 | ) |  | (237.9 | ) |  | (287.7 | )
DISCONTINUED OPERATIONS |  |  |  |  |  |  |  |  |  |  |  |
Operating activities | — |  |  | — |  |  | — |  |  | 1.2 |  |  | — |  |  | 1.2 |
Investing activities | — |  |  | — |  |  | — |  |  | 6.2 |  |  | — |  |  | 6.2 |
Net cash used in discontinued operations | — |  |  | — |  |  | — |  |  | 7.4 |  |  | — |  |  | 7.4 |
Effect of exchange rate changes on cash and cash equivalents | — |  |  | — |  |  | — |  |  | (.6 | ) |  | — |  |  | (.6 | )
NET INCREASE IN CASH AND CASH EQUIVALENTS | 81.2 |  |  | — |  |  | 18.8 |  |  | 244.1 |  |  | — |  |  | 344.1 |
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD | 94.0 |  |  | — |  |  | 2.0 |  |  | 25.3 |  |  | — |  |  | 121.3 |
CASH AND CASH EQUIVALENTS, END OF PERIOD | $ | 175.2 |  |  | $ | — |  |  | $ | 20.8 |  |  | $ | 269.4 |  |  | $ | — |  |  | $ | 465.4 |
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 | )
Maturities of short-term investments | 712.0 |  |  | — |  |  | — |  |  | 45.3 |  |  |  |  | 757.3 |
Purchases of short-term investments | (850.0 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (850.0 | )
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 (to) from 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 | )
Effect of exchange rate changes on cash and cash equivalents | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
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 |

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