Guarantee Of Registered Securities (Tables)

9 Months Ended

Sep. 30, 2016

Condensed Consolidating Statements Of Income

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

Condensed Consolidating Statements Of Comprehensive Income

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

Condensed Consolidating Balance Sheets

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

Condensed Consolidating Statements Of Cash Flows



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