Guarantee Of Registered Securities (Tables)

3 Months Ended

Mar. 31, 2018

Condensed Consolidating Statements Of Income

ENSCO PLC AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS Three Months Ended March 31, 2018 (in millions) (Unaudited)

	Ensco plc			ENSCO International Incorporated			Pride International LLC			Other Non-Guarantor Subsidiaries of Ensco			Consolidating Adjustments			Total
OPERATING REVENUES	$	12.3		$	40.3		$	—		$	443.5		$	(79.1	)	$	417.0
OPERATING EXPENSES
Contract drilling (exclusive of depreciation)	13.4			36.6			—			354.3			(79.1		)	325.2
Depreciation	—			3.5			—			111.7			—			115.2
General and administrative	10.2			.2			—			17.5			—			27.9
OPERATING LOSS	(11.3		)	—			—			(40.0		)	—			(51.3		)
OTHER INCOME (EXPENSE), NET	5.6			(28.0		)	(30.3		)	(33.4		)	15.4			(70.7		)
LOSS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	(5.7		)	(28.0		)	(30.3		)	(73.4		)	15.4			(122.0		)
INCOME TAX PROVISION	—			4.3			—			14.1			—			18.4
DISCONTINUED OPERATIONS, NET	—			—			—			(.1		)	—			(.1		)
EQUITY IN EARNINGS (LOSSES) OF AFFILIATES, NET OF TAX	(134.4		)	20.8			23.4			—			90.2			—
NET LOSS	(140.1		)	(11.5		)	(6.9		)	(87.6		)	105.6			(140.5		)
NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS	—			—			—			.4			—			.4
NET LOSS ATTRIBUTABLE TO ENSCO	$	(140.1	)	$	(11.5	)	$	(6.9	)	$	(87.2	)	$	105.6		$	(140.1	)

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 INCOME (LOSS)	(10.1		)	(.3		)	—			68.2			—			57.8
OTHER INCOME (EXPENSE), NET	(6.5		)	(31.3		)	(18.7		)	(7.7		)	6.5			(57.7		)
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	(16.6		)	(31.6		)	(18.7		)	60.5			6.5			0.1
INCOME TAX PROVISION	—			14.6			—			9.5			—			24.1
DISCONTINUED OPERATIONS, NET	—			—			—			(.6		)	—			(.6		)
EQUITY IN EARNINGS (LOSSES) OF AFFILIATES, NET OF TAX	(9.1		)	54.9			26.3			—			(72.1		)	—
NET INCOME (LOSS)	(25.7		)	8.7			7.6			50.4			(65.6		)	(24.6		)
NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS	—			—			—			(1.1		)	—			(1.1		)
NET INCOME (LOSS) ATTRIBUTABLE TO ENSCO	$	(25.7	)	$	8.7		$	7.6		$	49.3		$	(65.6	)	$	(25.7	)

Condensed Consolidating Statements Of Comprehensive Income

ENSCO PLC AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE LOSS

Three Months Ended March 31, 2018

(in millions)

(Unaudited)



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

NET LOSS	$	(140.1	)	$	(11.5	)	$	(6.9	)	$	(87.6	)	$	105.6	$	(140.5	)
OTHER COMPREHENSIVE INCOME (LOSS), NET
Net change in fair value of derivatives	—			2.7			—			—			—		2.7
Reclassification of net gains on derivative instruments from other comprehensive income into net income	—			(2.2		)	—			—			—		(2.2		)
Other	—			—			—			(.1		)	—		(.1		)
NET OTHER COMPREHENSIVE INCOME (LOSS)	—			.5			—			(.1		)	—		.4
COMPREHENSIVE LOSS	(140.1		)	(11.0		)	(6.9		)	(87.7		)	105.6		(140.1		)
COMPREHENSIVE LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS	—			—			—			.4			—		.4
COMPREHENSIVE LOSS ATTRIBUTABLE TO ENSCO	$	(140.1	)	$	(11.0	)	$	(6.9	)	$	(87.3	)	$	105.6	$	(139.7	)

ENSCO PLC AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

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 INCOME (LOSS)	$	(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 INCOME (LOSS)	(25.7		)	12.7		7.6		50.9			(65.6		)	(20.1		)
COMPREHENSIVE INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS	—			—		—		(1.1		)	—			(1.1		)
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO ENSCO	$	(25.7	)	$	12.7	$	7.6	$	49.8		$	(65.6	)	$	(21.2	)

Condensed Consolidating Balance Sheets

ENSCO PLC AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEETS March 31, 2018 (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	$	321.8	$	—	$	14.5		$	129.1		$	—		$	465.4
Short-term investments	399.0		—		—			—			—			399.0
Accounts receivable, net	2.6		.6		—			300.9			—			304.1
Accounts receivable from affiliates	993.8		387.1		.7			379.7			(1,761.3		)	—
Other	.3		7.9		—			402.0			—			410.2
Total current assets	1,717.5		395.6		15.2			1,211.7			(1,761.3		)	1,578.7
PROPERTY AND EQUIPMENT, AT COST	1.8		122.9		—			15,283.6			—			15,408.3
Less accumulated depreciation	1.8		80.6		—			2,491.1			—			2,573.5
Property and equipment, net	—		42.3		—			12,792.5			—			12,834.8
DUE FROM AFFILIATES	3,081.7		2,682.2		167.3			4,322.7			(10,253.9		)	—
INVESTMENTS IN AFFILIATES	8,970.7		3,612.7		1,130.0			—			(13,713.4		)	—
OTHER ASSETS, NET	10.5		—		—			226.0			(116.3		)	120.2
	$	13,780.4	$	6,732.8	$	1,312.5		$	18,552.9		$	(25,844.9	)	$	14,533.7
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES
Accounts payable and accrued liabilities	$	60.8	$	21.1	$	4.1		$	487.3		$	—		$	573.3
Accounts payable to affiliates	46.9		390.4		8.9			1,315.1			(1,761.3		)	—
Total current liabilities	107.7		411.5		13.0			1,802.4			(1,761.3		)	573.3
DUE TO AFFILIATES	1,410.0		3,560.2		1,398.0			3,885.7			(10,253.9		)	—
LONG-TERM DEBT	3,671.6		149.2		505.9			660.6			—			4,987.3
OTHER LIABILITIES	—		6.6		—			491.7			(116.3		)	382.0
ENSCO SHAREHOLDERS' EQUITY (DEFICIT)	8,591.1		2,605.3		(604.4		)	11,715.0			(13,713.4		)	8,593.6
NONCONTROLLING INTERESTS	—		—		—			(2.5		)	—			(2.5		)
Total equity	8,591.1		2,605.3		(604.4		)	11,712.5			(13,713.4		)	8,591.1
	$	13,780.4	$	6,732.8	$	1,312.5		$	18,552.9		$	(25,844.9	)	$	14,533.7

ENSCO PLC AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEETS December 31, 2017 (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	$	185.2	$	—	$	25.6		$	234.6		$	—		$	445.4
Short-term investments	440.0		—		—			—			—			440.0
Accounts receivable, net	6.9		.4		—			338.1			—			345.4
Accounts receivable from affiliates	351.8		492.7		—			424.3			(1,268.8		)	—
Other	—		8.8		—			372.4			—			381.2
Total current assets	983.9		501.9		25.6			1,369.4			(1,268.8		)	1,612.0
PROPERTY AND EQUIPMENT, AT COST	1.8		120.8		—			15,209.5			—			15,332.1
Less accumulated depreciation	1.8		77.1		—			2,379.5			—			2,458.4
Property and equipment, net	—		43.7		—			12,830.0			—			12,873.7
DUE FROM AFFILIATES	3,002.1		2,618.0		165.1			3,736.1			(9,521.3		)	—
INVESTMENTS IN AFFILIATES	9,098.5		3,591.9		1,106.6			—			(13,797.0		)	—
OTHER ASSETS, NET	12.9		5.0		—			226.5			(104.2		)	140.2
	$	13,097.4	$	6,760.5	$	1,297.3		$	18,162.0		$	(24,691.3	)	$	14,625.9
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES
Accounts payable and accrued liabilities	$	55.4	$	39.0	$	21.7		$	642.4		$	—		$	758.5
Accounts payable to affiliates	67.3		458.3		12.4			730.8			(1,268.8		)	—
Total current liabilities	122.7		497.3		34.1			1,373.2			(1,268.8		)	758.5
DUE TO AFFILIATES	1,402.9		3,559.2		753.9			3,805.3			(9,521.3		)	—
LONG-TERM DEBT	2,841.8		149.2		1,106.0			653.7			—			4,750.7
OTHER LIABILITIES	—		3.1		—			487.8			(104.2		)	386.7
ENSCO SHAREHOLDERS' EQUITY (DEFICIT)	8,730.0		2,551.7		(596.7		)	11,844.1			(13,797.0		)	8,732.1
NONCONTROLLING INTERESTS	—		—		—			(2.1		)	—			(2.1		)
Total equity	8,730.0		2,551.7		(596.7		)	11,842.0			(13,797.0		)	8,730.0
	$	13,097.4	$	6,760.5	$	1,297.3		$	18,162.0		$	(24,691.3	)	$	14,625.9

Condensed Consolidating Statements Of Cash Flows



ENSCO PLC AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS Three Months Ended March 31, 2018 (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	$	18.0		$	(36.9	)	$	(45.0	)	$	103.4		$	—		$	39.5
INVESTING ACTIVITIES
Maturities of short-term investments	390.0			—			—			—			—			390.0
Purchases of short-term investments	(349.0		)	—			—			—			—			(349.0		)
Additions to property and equipment	—			—			—			(269.3		)	—			(269.3		)
Purchase of affiliate debt	(552.5		)	—			—			—			552.5			—
Sale of affiliate debt	479.0			—			—			—			(479.0		)	—
Other	—			—			—			.1			—			.1
Net cash used in investing activities	(32.5		)	—			—			(269.2		)	73.5			(228.2		)
FINANCING ACTIVITIES
Proceeds from issuance of senior notes	1,000.0			—			—			—			—			1,000.0
Reduction of long-term borrowings	(159.7		)	—			(537.8		)	—			(73.5		)	(771.0		)
Debt financing costs	(16.8		)	—			—			—			—			(16.8		)
Cash dividends paid	(4.5		)	—			—			—			—			(4.5		)
Advances from (to) affiliates	(666.7		)	36.9			571.7			58.1			—			—
Other	(1.2		)	—			—			—			—			(1.2		)
Net cash provided by (used in) financing activities	151.1			36.9			33.9			58.1			(73.5		)	206.5
Net cash provided by discontinued operations	—			—			—			2.5			—			2.5
Effect of exchange rate changes on cash and cash equivalents	—			—			—			(.3		)	—			(.3		)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	136.6			—			(11.1		)	(105.5		)	—			20.0
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	185.2			—			25.6			234.6			—			445.4
CASH AND CASH EQUIVALENTS, END OF PERIOD	$	321.8		$	—		$	14.5		$	129.1		$	—		$	465.4



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 of continuing operations	$	0.2		$	(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 provided by (used in) investing activities of continuing operations	(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	—			—			—			(0.6		)	—			(0.6		)
Effect of exchange rate changes on cash and cash equivalents	—			—			—			.1			—			.1
NET INCREASE (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