Guarantee Of Registered Securities (Tables)

3 Months Ended

Mar. 31, 2017

Condensed Consolidating Statements Of Income

ENSCO PLC AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS Three Months Ended March 31, 2017 (in millions) (Unaudited)

	Ensco plc			ENSCO International Incorporated			Pride International LLC			Other Non-Guarantor Subsidiaries of Ensco			Consolidating Adjustments			Total
OPERATING REVENUES	$	12.7		$	46.0		$	—		$	500.7		$	(88.3	)	$	471.1
OPERATING EXPENSES
Contract drilling (exclusive of depreciation)	11.3			42.0			—			313.1			(88.3		)	278.1
Depreciation	—			4.2			—			105.0			—			109.2
General and administrative	11.5			.1			—			14.4			—			26.0
OPERATING (LOSS) INCOME	(10.1		)	(.3		)	—			68.2			—			57.8
OTHER (EXPENSE) INCOME, NET	(6.5		)	(31.3		)	(18.7		)	(7.7		)	6.5			(57.7		)
(LOSS) INCOME BEFORE INCOME TAXES	(16.6		)	(31.6		)	(18.7		)	60.5			6.5			.1
INCOME TAX PROVISION	—			14.6			—			9.5			—			24.1
DISCONTINUED OPERATIONS, NET	—			—			—			(.6		)	—			(.6		)
EQUITY IN (LOSSES) EARNINGS OF AFFILIATES, NET OF TAX	(9.1		)	54.9			26.3			—			(72.1		)	—
NET (LOSS) INCOME	(25.7		)	8.7			7.6			50.4			(65.6		)	(24.6		)
NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS	—			—			—			(1.1		)	—			(1.1		)
NET (LOSS) INCOME ATTRIBUTABLE TO ENSCO	$	(25.7	)	$	8.7		$	7.6		$	49.3		$	(65.6	)	$	(25.7	)

ENSCO PLC AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS Three Months Ended March 31, 2016 (in millions) (Unaudited)

	Ensco plc			ENSCO International Incorporated			Pride International LLC			Other Non-Guarantor Subsidiaries of Ensco			Consolidating Adjustments			Total
OPERATING REVENUES	$	7.2		$	35.6		$	—		$	843.3		$	(72.1	)	$	814.0
OPERATING EXPENSES
Contract drilling (exclusive of depreciation)	7.2			35.7			—			392.9			(72.1		)	363.7
Depreciation	—			4.3			—			109.0			—			113.3
General and administrative	6.2			.1			—			17.1			—			23.4
OPERATING (LOSS) INCOME	(6.2		)	(4.5		)	—			324.3			—			313.6
OTHER (EXPENSE) INCOME, NET	(36.8		)	1.6			(19.1		)	(10.3		)	—			(64.6		)
(LOSS) INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	(43.0		)	(2.9		)	(19.1		)	314.0			—			249.0
INCOME TAX PROVISION	—			31.0			—			40.4			—			71.4
DISCONTINUED OPERATIONS, NET	—			—			—			(.9		)	—			(.9		)
EQUITY IN EARNINGS OF AFFILIATES, NET OF TAX	218.3			33.5			53.6			—			(305.4		)	—
NET INCOME (LOSS)	175.3			(.4		)	34.5			272.7			(305.4		)	176.7
NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS	—			—			—			(1.4		)	—			(1.4		)
NET INCOME (LOSS) ATTRIBUTABLE TO ENSCO	$	175.3		$	(.4	)	$	34.5		$	271.3		$	(305.4	)	$	175.3

Condensed Consolidating Statements Of Comprehensive Income

ENSCO PLC AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE (LOSS) INCOME

Three Months Ended March 31, 2017

(in millions)

(Unaudited)



	Ensco plc			ENSCO International Incorporated		Pride International LLC		Other Non-Guarantor Subsidiaries of Ensco			Consolidating Adjustments			Total

NET (LOSS) INCOME	$	(25.7	)	$	8.7	$	7.6	$	50.4		$	(65.6	)	$	(24.6	)
OTHER COMPREHENSIVE INCOME, NET
Net change in fair value of derivatives	—			3.1		—		—			—			3.1
Reclassification of net losses on derivative instruments from other comprehensive income into net income	—			.9		—		—			—			.9
Other	—			—		—		.5			—			.5
NET OTHER COMPREHENSIVE INCOME	—			4.0		—		.5			—			4.5
COMPREHENSIVE (LOSS) INCOME	(25.7		)	12.7		7.6		50.9			(65.6		)	(20.1		)
COMPREHENSIVE INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS	—			—		—		(1.1		)	—			(1.1		)
COMPREHENSIVE (LOSS) INCOME ATTRIBUTABLE TO ENSCO	$	(25.7	)	$	12.7	$	7.6	$	49.8		$	(65.6	)	$	(21.2	)

ENSCO PLC AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME

Three Months Ended March 31, 2016

(in millions)

(Unaudited)



	Ensco plc		ENSCO International Incorporated			Pride International LLC		Other Non-Guarantor Subsidiaries of Ensco			Consolidating Adjustments			Total

NET INCOME (LOSS)	$	175.3	$	(.4	)	$	34.5	$	272.7		$	(305.4	)	$	176.7
OTHER COMPREHENSIVE INCOME (LOSS), NET
Net change in fair value of derivatives	—		3.5			—		—			—			3.5
Reclassification of net losses on derivative instruments from other comprehensive income into net income	—		5.9			—		—			—			5.9
Other	—		—			—		(.1		)	—			(.1		)
NET OTHER COMPREHENSIVE INCOME (LOSS)	—		9.4			—		(.1		)	—			9.3
COMPREHENSIVE INCOME	175.3		9.0			34.5		272.6			(305.4		)	186.0
COMPREHENSIVE INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS	—		—			—		(1.4		)	—			(1.4		)
COMPREHENSIVE INCOME ATTRIBUTABLE TO ENSCO	$	175.3	$	9.0		$	34.5	$	271.2		$	(305.4	)	$	184.6

Condensed Consolidating Balance Sheets

ENSCO PLC AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEETS March 31, 2017 (in millions) (Unaudited)

	Ensco plc		ENSCO International Incorporated		Pride International LLC			Other Non-Guarantor Subsidiaries of Ensco		Consolidating Adjustments			Total
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	180.2	$	—	$	15.5		$	76.0	$	—		$	271.7
Short-term investments	1,800.1		5.5		—			—		—			1,805.6
Accounts receivable, net	7.2		—		—			316.9		—			324.1
Accounts receivable from affiliates	418.3		298.0		—			373.0		(1,089.3		)	—
Other	.4		9.9		—			301.9		—			312.2
Total current assets	2,406.2		313.4		15.5			1,067.8		(1,089.3		)	2,713.6
PROPERTY AND EQUIPMENT, AT COST	1.8		121.6		—			13,178.3		—			13,301.7
Less accumulated depreciation	1.8		68.1		—			2,111.1		—			2,181.0
Property and equipment, net	—		53.5		—			11,067.2		—			11,120.7
DUE FROM AFFILIATES	1,814.0		4,100.5		1,982.4			6,890.5		(14,787.4		)	—
INVESTMENTS IN AFFILIATES	8,549.6		3,517.2		1,087.6			—		(13,154.4		)	—
OTHER ASSETS, NET	—		49.0		—			175.8		(86.8		)	138.0
	$	12,769.8	$	8,033.6	$	3,085.5		$	19,201.3	$	(29,117.9	)	$	13,972.3
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES
Accounts payable and accrued liabilities	$	55.4	$	32.1	$	15.3		$	405.7	$	—		$	508.5
Accounts payable to affiliates	233.1		279.7		8.1			568.4		(1,089.3		)	—
Current maturities of long-term debt	2.7		—		34.9			—		—			37.6
Total current liabilities	291.2		311.8		58.3			974.1		(1,089.3		)	546.1
DUE TO AFFILIATES	1,382.5		4,957.8		2,375.5			6,071.6		(14,787.4		)	—
LONG-TERM DEBT	2,870.3		149.2		1,253.3			633.1		—			4,905.9
OTHER LIABILITIES	—		4.7		—			376.6		(86.8		)	294.5
ENSCO SHAREHOLDERS' EQUITY	8,225.8		2,610.1		(601.6		)	11,141.3		(13,154.4		)	8,221.2
NONCONTROLLING INTERESTS	—		—		—			4.6		—			4.6
Total equity	8,225.8		2,610.1		(601.6		)	11,145.9		(13,154.4		)	8,225.8
	$	12,769.8	$	8,033.6	$	3,085.5		$	19,201.3	$	(29,117.9	)	$	13,972.3

ENSCO PLC AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEETS December 31, 2016 (in millions)

	Ensco plc		ENSCO International Incorporated		Pride International LLC			Other Non-Guarantor Subsidiaries of Ensco		Consolidating Adjustments			Total
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	892.6	$	—	$	19.8		$	247.3	$	—		$	1,159.7
Short-term investments	1,165.1		5.5		—			272.0		—			1,442.6
Accounts receivable, net	6.8		—		—			354.2		—			361.0
Accounts receivable from affiliates	486.5		251.2		—			152.2		(889.9		)	—
Other	.1		6.8		—			309.1		—			316.0
Total current assets	2,551.1		263.5		19.8			1,334.8		(889.9		)	3,279.3
PROPERTY AND EQUIPMENT, AT COST	1.8		121.0		—			12,869.7		—			12,992.5
Less accumulated depreciation	1.8		63.8		—			2,007.6		—			2,073.2
Property and equipment, net	—		57.2		—			10,862.1		—			10,919.3
DUE FROM AFFILIATES	1,512.2		4,513.8		1,978.8			7,234.4		(15,239.2		)	—
INVESTMENTS IN AFFILIATES	8,557.7		3,462.3		1,061.3			—		(13,081.3		)	—
OTHER ASSETS, NET	—		81.5		—			181.1		(86.7		)	175.9
	$	12,621.0	$	8,378.3	$	3,059.9		$	19,612.4	$	(29,297.1	)	$	14,374.5
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES
Accounts payable and accrued liabilities	$	44.1	$	45.2	$	28.3		$	404.9	$	—		$	522.5
Accounts payable to affiliates	38.8		208.4		5.9			636.8		(889.9		)	—
Current maturities of long-term debt	187.1		—		144.8			—		—			331.9
Total current liabilities	270.0		253.6		179.0			1,041.7		(889.9		)	854.4
DUE TO AFFILIATES	1,375.8		5,367.6		2,040.7			6,455.1		(15,239.2		)	—
LONG-TERM DEBT	2,720.2		149.2		1,449.5			623.7		—			4,942.6
OTHER LIABILITIES	—		2.9		—			406.3		(86.7		)	322.5
ENSCO SHAREHOLDERS' EQUITY	8,255.0		2,605.0		(609.3		)	11,081.2		(13,081.3		)	8,250.6
NONCONTROLLING INTERESTS	—		—		—			4.4		—			4.4
Total equity	8,255.0		2,605.0		(609.3		)	11,085.6		(13,081.3		)	8,255.0
	$	12,621.0	$	8,378.3	$	3,059.9		$	19,612.4	$	(29,297.1	)	$	14,374.5

Condensed Consolidating Statements Of Cash Flows



ENSCO PLC AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS Three Months Ended March 31, 2017 (in millions) (Unaudited)
	Ensco plc			ENSCO International Incorporated			Pride International LLC			Other Non-guarantor Subsidiaries of Ensco			Consolidating Adjustments			Total
OPERATING ACTIVITIES
Net cash provided by (used in) operating activities	$	.2		$	(19.5	)	$	(41.3	)	$	165.2		$	—		$	104.6
INVESTING ACTIVITIES
Purchases of short-term investments	(965.0		)	—			—			—			—			(965.0		)
Maturities of short-term investments	330.0			—			—			272.0			—			602.0
Additions to property and equipment	—			—			—			(282.6		)	—			(282.6		)
Repurchase of affiliate debt	(151.1		)	—			—			—			151.1			—
Other	—			—			—			.2			—			.2
Net cash used in investing activities	(786.1		)	—			—			(10.4		)	151.1			(645.4		)
FINANCING ACTIVITIES
Reduction of long-term borrowings	(185.5		)	—			—			—			(151.1		)	(336.6		)
Debt financing costs	(4.5		)	—			—			—			—			(4.5		)
Cash dividends paid	(3.2		)	—			—			—			—			(3.2		)
Advances from (to) affiliates	268.2			19.5			37.0			(324.7		)	—			—
Other	(1.5		)	—			—			(.9		)	—			(2.4		)
Net cash provided by (used in) financing activities	73.5			19.5			37.0			(325.6		)	(151.1		)	(346.7		)
Net cash used in discontinued operations	—			—			—			(.6		)	—			(.6		)
Effect of exchange rate changes on cash and cash equivalents	—			—			—			.1			—			.1
NET DECREASE IN CASH AND CASH EQUIVALENTS	(712.4		)	—			(4.3		)	(171.3		)	—			(888.0		)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	892.6			—			19.8			247.3			—			1,159.7
CASH AND CASH EQUIVALENTS, END OF PERIOD	$	180.2		$	—		$	15.5		$	76.0		$	—		$	271.7



ENSCO PLC AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS Three Months Ended March 31, 2016 (in millions) (Unaudited)
	Ensco plc			ENSCO International Incorporated			Pride International LLC			Other Non-guarantor Subsidiaries of Ensco			Consolidating Adjustments		Total
OPERATING ACTIVITIES
Net cash (used in) provided by operating activities of continuing operations	$	(46.3	)	$	.7		$	(39.2	)	$	317.9		$	—	$	233.1
INVESTING ACTIVITIES
Additions to property and equipment	—			—			—			(158.1		)	—		(158.1		)
Purchases of short-term investments	965.0			—			—			—			—		965.0
Maturities on short-term investments	(80.0		)	—			—			—			—		(80.0		)
Other	—			—			—			.1			—		.1
Net cash provided by (used in) investing activities of continuing operations	885.0			—			—			(158.0		)	—		727.0
FINANCING ACTIVITIES
Cash dividends paid	(2.4		)	—			—			—			—		(2.4		)
Advances from (to) affiliates	119.8			(.7		)	39.2			(158.3		)	—		—
Other	(.4		)	—			—			(.1		)	—		(.5		)
Net cash provided by (used in) financing activities	117.0			(.7		)	39.2			(158.4		)	—		(2.9		)
Net cash provided by discontinued operations	—			—			—			5.6			—		5.6
Effect of exchange rate changes on cash and cash equivalents	—			—			—			(.1		)	—		(.1		)
NET INCREASE IN CASH AND CASH EQUIVALENTS	955.7			—			—			7.0			—		962.7
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	94.0			—			2.0			25.3			—		121.3
CASH AND CASH EQUIVALENTS, END OF PERIOD	$	1,049.7		$	—		$	2.0		$	32.3		$	—	$	1,084.0