Guarantee Of Registered Securities (Tables)

9 Months Ended

Sep. 30, 2017

Condensed Consolidating Statements Of Operations

ENSCO PLC AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS Three Months Ended September 30, 2017 (In millions) (Unaudited)

	Ensco plc			ENSCO International Incorporated			Pride International LLC			Other Non-Guarantor Subsidiaries of Ensco			Consolidating Adjustments			Total
OPERATING REVENUES	$	13.0		$	47.2		$	—		$	490.1		$	(90.1	)	$	460.2
OPERATING EXPENSES
Contract drilling (exclusive of depreciation)	11.3			43.0			—			321.6			(90.1		)	285.8
Depreciation	—			4.0			—			104.2			—			108.2
General and administrative	10.3			5.1			—			15.0			—			30.4
OPERATING (LOSS) INCOME	(8.6		)	(4.9		)	—			49.3			—			35.8
OTHER INCOME (EXPENSE), NET	3.4			(28.0		)	(17.4		)	(1.0		)	2.6			(40.4		)
(LOSS) INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	(5.2		)	(32.9		)	(17.4		)	48.3			2.6			(4.6		)
INCOME TAX PROVISION	—			11.6			—			11.8			—			23.4
DISCONTINUED OPERATIONS, NET	—			—			—			(.2		)	—			(.2		)
EQUITY (LOSSES) EARNINGS IN AFFILIATES, NET OF TAX	(20.2		)	29.9			23.2			—			(32.9		)	—
NET (LOSS) INCOME	(25.4		)	(14.6		)	5.8			36.3			(30.3		)	(28.2		)
NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS	—			—			—			2.8			—			2.8
NET (LOSS) INCOME ATTRIBUTABLE TO ENSCO	$	(25.4	)	$	(14.6	)	$	5.8		$	39.1		$	(30.3	)	$	(25.4	)

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 LLC			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 Nine Months Ended September 30, 2017 (In millions) (Unaudited)

	Ensco plc			ENSCO International Incorporated			Pride International LLC			Other Non-Guarantor Subsidiaries of Ensco			Consolidating Adjustments			Total
OPERATING REVENUES	$	38.5		$	137.1		$	—		$	1,477.3		$	(264.1	)	$	1,388.8
OPERATING EXPENSES
Contract drilling (exclusive of depreciation)	33.7			126.4			—			959.2			(264.1		)	855.2
Depreciation	—			12.5			—			312.8			—			325.3
General and administrative	33.9			9.4			—			43.6			—			86.9
OPERATING (LOSS) INCOME	(29.1		)	(11.2		)	—			161.7			—			121.4
OTHER EXPENSE, NET	(10.2		)	(86.2		)	(53.0		)	(13.6		)	11.7			(151.3		)
(LOSS) INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	(39.3		)	(97.4		)	(53.0		)	148.1			11.7			(29.9		)
INCOME TAX PROVISION	—			30.5			—			36.3			—			66.8
DISCONTINUED OPERATIONS, NET	—			—			—			(.4		)	—			(.4		)
EQUITY (LOSSES) EARNINGS IN AFFILIATES, NET OF TAX	(57.3		)	113.5			69.4			—			(125.6		)	—
NET (LOSS) INCOME	(96.6		)	(14.4		)	16.4			111.4			(113.9		)	(97.1		)
NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS	—			—			—			.5			—			.5
NET (LOSS) INCOME ATTRIBUTABLE TO ENSCO	$	(96.6	)	$	(14.4	)	$	16.4		$	111.9		$	(113.9	)	$	(96.6	)

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 LLC			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

Condensed Consolidating Statements Of Comprehensive Income

ENSCO PLC AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE (LOSS) INCOME

Three Months Ended September 30, 2017

(In millions)

(Unaudited)



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

NET (LOSS) INCOME	$	(25.4	)	$	(14.6	)	$	5.8	$	36.3	$	(30.3	)	$	(28.2	)
OTHER COMPREHENSIVE INCOME, NET
Net change in derivative fair value	—			1.7			—		—		—			1.7
Reclassification of net income on derivative instruments from other comprehensive income into net (loss) income	—			(.1		)	—		—		—			(.1		)
Other	—			—			—		.1		—			.1
NET OTHER COMPREHENSIVE INCOME	—			1.6			—		.1		—			1.7
COMPREHENSIVE (LOSS) INCOME	(25.4		)	(13.0		)	5.8		36.4		(30.3		)	(26.5		)
COMPREHENSIVE INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS	—			—			—		2.8		—			2.8
COMPREHENSIVE (LOSS) INCOME ATTRIBUTABLE TO ENSCO	$	(25.4	)	$	(13.0	)	$	5.8	$	39.2	$	(30.3	)	$	(23.7	)

ENSCO PLC AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

Three Months Ended September 30, 2016

(In millions)

(Unaudited)



	Ensco plc		ENSCO International Incorporated		Pride International LLC		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 (LOSS) INCOME

Nine Months Ended September 30, 2017

(In millions)

(Unaudited)



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

NET (LOSS) INCOME	$	(96.6	)	$	(14.4	)	$	16.4	$	111.4	$	(113.9	)	$	(97.1	)
OTHER COMPREHENSIVE INCOME, NET
Net change in derivative fair value	—			7.7			—		—		—			7.7
Reclassification of net losses on derivative instruments from other comprehensive income into net (loss) income	—			1.1			—		—		—			1.1
Other	—			—			—		.8					.8
NET OTHER COMPREHENSIVE INCOME	—			8.8			—		.8		—			9.6
COMPREHENSIVE (LOSS) INCOME	(96.6		)	(5.6		)	16.4		112.2		(113.9		)	(87.5		)
COMPREHENSIVE INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS	—			—			—		.5		—			.5
COMPREHENSIVE (LOSS) INCOME ATTRIBUTABLE TO ENSCO	$	(96.6	)	$	(5.6	)	$	16.4	$	112.7	$	(113.9	)	$	(87.0	)

ENSCO PLC AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME

Nine Months Ended September 30, 2016

(In millions)

(Unaudited)



	Ensco plc		ENSCO International Incorporated			Pride International LLC		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

Condensed Consolidating Balance Sheets

ENSCO PLC AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEETS September 30, 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	$	516.0	$	—	$	20.5		$	187.9	$	—		$	724.4
Short-term investments	1,065.0		—		—			4.8		—			1,069.8
Accounts receivable, net	12.2		.4		(.1		)	336.5		—			349.0
Accounts receivable from affiliates	410.8		173.6		—			112.2		(696.6		)	—
Other	.3		14.8		—			303.2		—			318.3
Total current assets	2,004.3		188.8		20.4			944.6		(696.6		)	2,461.5
PROPERTY AND EQUIPMENT, AT COST	1.8		124.0		—			13,366.8		—			13,492.6
Less accumulated depreciation	1.8		76.3		—			2,318.1		—			2,396.2
Property and equipment, net	—		47.7		—			11,048.7		—			11,096.4
DUE FROM AFFILIATES	1,977.8		2,803.9		321.0			4,012.7		(9,115.4		)	—
INVESTMENTS IN AFFILIATES	8,521.4		3,575.8		1,130.7			—		(13,227.9		)	—
OTHER ASSETS, NET	—		40.7		—			175.5		(91.2		)	125.0
	$	12,503.5	$	6,656.9	$	1,472.1		$	16,181.5	$	(23,131.1	)	$	13,682.9
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES
Accounts payable and accrued liabilities	$	54.6	$	42.8	$	13.1		$	378.2	$	—		$	488.7
Accounts payable to affiliates	45.0		171.3		10.3			470.0		(696.6		)	$	—
Total current liabilities	99.6		214.1		23.4			848.2		(696.6		)	488.7
DUE TO AFFILIATES	1,396.0		3,666.9		930.4			3,122.1		(9,115.4		)	—
LONG-TERM DEBT	2,840.6		149.2		1,111.1			646.8		—			4,747.7
OTHER LIABILITIES	—		10.4		—			360.0		(91.2		)	279.2
ENSCO SHAREHOLDERS' EQUITY (DEFICIT)	8,167.3		2,616.3		(592.8		)	11,202.3		(13,227.9		)	8,165.2
NONCONTROLLING INTERESTS	—		—		—			2.1		—			2.1
Total equity (deficit)	8,167.3		2,616.3		(592.8		)	11,204.4		(13,227.9		)	8,167.3
	$	12,503.5	$	6,656.9	$	1,472.1		$	16,181.5	$	(23,131.1	)	$	13,682.9

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 (DEFICIT)	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 (deficit)	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 Nine Months Ended September 30, 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 (used in) provided by operating activities of continuing operations	$	(17.3	)	$	(68.4	)	$	(84.9	)	$	390.2		$	—		$	219.6
INVESTING ACTIVITIES
Maturities of short-term investments	1,123.1			5.5			—			284.1			—			1,412.7
Purchases of short-term investments	(1,023.0		)	—			—			(17.0		)	—			(1,040.0		)
Additions to property and equipment	—			—			—			(474.1		)	—			(474.1		)
Purchase of affiliate debt	(316.3		)	—			—			—			316.3			—
Other	—			—			—			2.6			—			2.6
Net cash used in investing activities of continuing operations	(216.2		)	5.5			—			(204.4		)	316.3			(98.8		)
FINANCING ACTIVITIES
Reduction of long-term borrowings	(220.7		)	—			—			—			(316.3		)	(537.0		)
Cash dividends paid	(9.4		)	—			—			—			—			(9.4		)
Debt financing costs	(5.5		)	—			—			—			—			(5.5		)
Advances from (to) affiliates	95.1			62.9			85.6			(243.6		)	—			—
Other	(2.6		)	—			—			(1.9		)	—			(4.5		)
Net cash (used in) provided by financing activities	(143.1		)	62.9			85.6			(245.5		)	(316.3		)	(556.4		)
Net cash used in discontinued operations	—			—			—			(.4		)	—			(.4		)
Effect of exchange rate changes on cash and cash equivalents	—			—			—			.7			—			.7
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	(376.6		)	—			.7			(59.4		)	—			(435.3		)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	892.6			—			19.8			247.3			—			1,159.7
CASH AND CASH EQUIVALENTS, END OF PERIOD	$	516.0		$	—		$	20.5		$	187.9		$	—		$	724.4



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 LLC			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
Proceeds from equity issuance	585.5			—			—			—			—			585.5
Reduction of long-term borrowings	(862.4		)	—			—			237.9			(237.9		)	(862.4		)
Cash dividends paid	(8.5		)	—			—			—			—			(8.5		)
Advances from (to) affiliates	156.1			23.6			114.1			(293.8		)	—			—
Other	(2.0		)	—			—			(0.3		)	—			(2.3		)
Net cash (used in) provided by financing activities	(131.3		)	23.6			114.1			(56.2		)	(237.9		)	(287.7		)
Net cash provided by 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