Guarantee Of Registered Securities (Tables)

6 Months Ended

Jun. 30, 2018

Condensed Consolidating Statements Of Operations

ENSCO PLC AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS Three Months Ended June 30, 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		$	39.8		$	—		$	484.3		$	(77.9	)	$	458.5
OPERATING EXPENSES
Contract drilling (exclusive of depreciation)	13.0			36.2			—			373.0			(77.9		)	344.3
Depreciation	—			3.5			—			117.2			—			120.7
General and administrative	10.3			.1			—			15.7			—			26.1
OPERATING LOSS	(11.0		)	—			—			(21.6		)	—			(32.6		)
OTHER EXPENSE, NET	(5.1		)	(40.5		)	(19.7		)	(23.5		)	4.0			(84.8		)
LOSS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	(16.1		)	(40.5		)	(19.7		)	(45.1		)	4.0			(117.4		)
INCOME TAX PROVISION	—			18.6			—			6.1			—			24.7
DISCONTINUED OPERATIONS, NET	—			—			—			(8.0		)	—			(8.0		)
EQUITY EARNINGS (LOSSES) IN AFFILIATES, NET OF TAX	(134.9		)	28.7			22.6			—			83.6			—
NET LOSS	(151.0		)	(30.4		)	2.9			(59.2		)	87.6			(150.1		)
NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS	—			—			—			(.9		)	—			(.9		)
NET LOSS ATTRIBUTABLE TO ENSCO	$	(151.0	)	$	(30.4	)	$	2.9		$	(60.1	)	$	87.6		$	(151.0	)

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

	Ensco plc			ENSCO International Incorporated			Pride International LLC			Other Non-Guarantor Subsidiaries of Ensco			Consolidating Adjustments			Total
OPERATING REVENUES	$	12.8		$	43.9		$	—		$	486.5		$	(85.7	)	$	457.5
OPERATING EXPENSES
Contract drilling (exclusive of depreciation)	11.1			41.4			—			324.5			(85.7		)	291.3
Depreciation	—			4.3			—			103.6			—			107.9
General and administrative	12.1			4.2			—			14.2			—			30.5
OPERATING INCOME (LOSS)	(10.4		)	(6.0		)	—			44.2			—			27.8
OTHER EXPENSE, NET	(7.1		)	(26.9		)	(16.9		)	(4.9		)	2.6			(53.2		)
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	(17.5		)	(32.9		)	(16.9		)	39.3			2.6			(25.4		)
INCOME TAX PROVISION	—			4.3			—			15.0			—			19.3
DISCONTINUED OPERATIONS, NET	—			—			—			.4			—			.4
EQUITY EARNINGS(LOSS) IN AFFILIATES, NET OF TAX	(28.0		)	28.7			19.9			—			(20.6		)	—
NET INCOME (LOSS)	(45.5		)	(8.5		)	3.0			24.7			(18.0		)	(44.3		)
NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS	—			—			—			(1.2		)	—			(1.2		)
NET INCOME (LOSS) ATTRIBUTABLE TO ENSCO	$	(45.5	)	$	(8.5	)	$	3.0		$	23.5		$	(18.0	)	$	(45.5	)

ENSCO PLC AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS Six Months Ended June 30, 2018 (In millions) (Unaudited)

	Ensco plc			ENSCO International Incorporated			Pride International LLC			Other Non-Guarantor Subsidiaries of Ensco			Consolidating Adjustments			Total
OPERATING REVENUES	$	24.6		$	80.1		$	—		$	927.8		$	(157.0	)	$	875.5
OPERATING EXPENSES
Contract drilling (exclusive of depreciation)	26.4			72.8			—			727.3			(157.0		)	669.5
Depreciation	—			7.0			—			228.9			—			235.9
General and administrative	20.5			.3			—			33.2			—			54.0
OPERATING LOSS	(22.3		)	—			—			(61.6		)	—			(83.9		)
OTHER INCOME (EXPENSE), NET	0.5			(68.5		)	(50.0		)	(56.9		)	19.4			(155.5		)
LOSS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	(21.8		)	(68.5		)	(50.0		)	(118.5		)	19.4			(239.4		)
INCOME TAX PROVISION	—			22.9			—			20.2			—			43.1
DISCONTINUED OPERATIONS, NET	—			—			—			(8.1		)	—			(8.1		)
EQUITY EARNINGS (LOSSES) IN AFFILIATES, NET OF TAX	(269.3		)	49.5			46.0			—			173.8			—
NET LOSS	(291.1		)	(41.9		)	(4.0		)	(146.8		)	193.2			(290.6		)
NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS	—			—			—			(.5		)	—			(.5		)
NET LOSS ATTRIBUTABLE TO ENSCO	$	(291.1	)	$	(41.9	)	$	(4.0	)	$	(147.3	)	$	193.2		$	(291.1	)

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

	Ensco plc			ENSCO International Incorporated			Pride International LLC			Other Non-Guarantor Subsidiaries of Ensco			Consolidating Adjustments			Total
OPERATING REVENUES	$	25.5		$	89.9		$	—		$	987.2		$	(174.0	)	$	928.6
OPERATING EXPENSES
Contract drilling (exclusive of depreciation)	22.4			83.4			—			637.6			(174.0		)	569.4
Depreciation	—			8.5			—			208.6			—			217.1
General and administrative	23.6			4.3			—			28.6			—			56.5
OPERATING INCOME (LOSS)	(20.5		)	(6.3		)	—			112.4			—			85.6
OTHER EXPENSE, NET	(13.6		)	(58.2		)	(35.6		)	(12.6		)	9.1			(110.9		)
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	(34.1		)	(64.5		)	(35.6		)	99.8			9.1			(25.3		)
INCOME TAX PROVISION	—			18.9			—			24.5			—			43.4
DISCONTINUED OPERATIONS, NET	—			—			—			(.2		)	—			(.2		)
EQUITY EARNINGS (LOSSES) IN AFFILIATES, NET OF TAX	(37.1		)	83.6			46.2			—			(92.7		)	—
NET INCOME (LOSS)	(71.2		)	.2			10.6			75.1			(83.6		)	(68.9		)
NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS	—			—			—			(2.3		)	—			(2.3		)
NET INCOME (LOSS) ATTRIBUTABLE TO ENSCO	$	(71.2	)	$	.2		$	10.6		$	72.8		$	(83.6	)	$	(71.2	)

Condensed Consolidating Statements Of Comprehensive Income

ENSCO PLC AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE LOSS

Three Months Ended June 30, 2018

(In millions)

(Unaudited)



	Ensco plc			ENSCO International Incorporated			Pride International LLC		Other Non-Guarantor Subsidiaries of Ensco			Consolidating Adjustments		Total
NET LOSS	$	(151.0	)	$	(30.4	)	$	2.9	$	(59.2	)	$	87.6	$	(150.1	)
OTHER COMPREHENSIVE LOSS, NET
Net change in derivative fair value	—			(7.6		)	—		—			—		(7.6		)
Reclassification of net gains on derivative instruments from other comprehensive loss into net loss	—			(.7		)	—		—			—		(.7		)
Other	—			—			—		(.2		)	—		(.2		)
NET OTHER COMPREHENSIVE LOSS	—			(8.3		)	—		(.2		)	—		(8.5		)
COMPREHENSIVE LOSS	(151.0		)	(38.7		)	2.9		(59.4		)	87.6		(158.6		)
COMPREHENSIVE INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS	—			—			—		(.9		)	—		(.9		)
COMPREHENSIVE LOSS ATTRIBUTABLE TO ENSCO	$	(151.0	)	$	(38.7	)	$	2.9	$	(60.3	)	$	87.6	$	(159.5	)

ENSCO PLC AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

Three Months Ended June 30, 2017

(In millions)

(Unaudited)



	Ensco plc			ENSCO International Incorporated			Pride International LLC		Other Non-Guarantor Subsidiaries of Ensco			Consolidating Adjustments			Total
NET INCOME (LOSS)	$	(45.5	)	$	(8.5	)	$	3.0	$	24.7		$	(18.0	)	$	(44.3	)
OTHER COMPREHENSIVE INCOME, NET
Net change in derivative fair value	—			2.9			—		—			—			2.9
Reclassification of net losses on derivative instruments from other comprehensive income into net income	—			.3			—		—			—			.3
Other	—			—			—		.2			—			.2
NET OTHER COMPREHENSIVE INCOME	—			3.2			—		.2			—			3.4
COMPREHENSIVE INCOME (LOSS)	(45.5		)	(5.3		)	3.0		24.9			(18.0		)	(40.9		)
COMPREHENSIVE INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS	—			—			—		(1.2		)	—			(1.2		)
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO ENSCO	$	(45.5	)	$	(5.3	)	$	3.0	$	23.7		$	(18.0	)	$	(42.1	)

ENSCO PLC AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE LOSS

Six Months Ended June 30, 2018

(In millions)

(Unaudited)



	Ensco plc			ENSCO International Incorporated			Pride International LLC			Other Non-Guarantor Subsidiaries of Ensco			Consolidating Adjustments		Total
NET LOSS	$	(291.1	)	$	(41.9	)	$	(4.0	)	$	(146.8	)	$	193.2	$	(290.6	)
OTHER COMPREHENSIVE LOSS, NET
Net change in derivative fair value	—			(4.9		)	—			—			—		(4.9		)
Reclassification of net gains on derivative instruments from other comprehensive loss to net loss	—			(2.9		)	—			—			—		(2.9		)
Other	—			—			—			(.3		)	—		(.3		)
NET OTHER COMPREHENSIVE LOSS	—			(7.8		)	—			(.3		)	—		(8.1		)
COMPREHENSIVE LOSS	(291.1		)	(49.7		)	(4.0		)	(147.1		)	193.2		(298.7		)
COMPREHENSIVE INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS	—			—			—			(.5		)	—		(.5		)
COMPREHENSIVE LOSS ATTRIBUTABLE TO ENSCO	$	(291.1	)	$	(49.7	)	$	(4.0	)	$	(147.6	)	$	193.2	$	(299.2	)

ENSCO PLC AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

Six Months Ended June 30, 2017

(In millions)

(Unaudited)



	Ensco plc			ENSCO International Incorporated		Pride International LLC		Other Non-Guarantor Subsidiaries of Ensco			Consolidating Adjustments			Total
NET INCOME (LOSS)	$	(71.2	)	$	.2	$	10.6	$	75.1		$	(83.6	)	$	(68.9	)
OTHER COMPREHENSIVE INCOME, NET
Net change in derivative fair value	—			6.0		—		—			—			6.0
Reclassification of net losses on derivative instruments from other comprehensive income into net income (loss)	—			1.2		—		—			—			1.2
Other	—			—		—		.7			—			.7
NET OTHER COMPREHENSIVE INCOME	—			7.2		—		.7			—			7.9
COMPREHENSIVE INCOME (LOSS)	(71.2		)	7.4		10.6		75.8			(83.6		)	(61.0		)
COMPREHENSIVE INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS	—			—		—		(2.3		)	—			(2.3		)
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO ENSCO	$	(71.2	)	$	7.4	$	10.6	$	73.5		$	(83.6	)	$	(63.3	)

Condensed Consolidating Balance Sheets

ENSCO PLC AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEETS June 30, 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	$	305.7	$	—	$	16.1		$	163.7		$	—		$	485.5
Short-term investments	255.0		—		—			—			—			255.0
Accounts receivable, net	1.9		.4		—			330.4			—			332.7
Accounts receivable from affiliates	1,163.0		413.4		1.4			386.2			(1,964.0		)	—
Other	.3		2.1		—			387.2			—			389.6
Total current assets	1,725.9		415.9		17.5			1,267.5			(1,964.0		)	1,462.8
PROPERTY AND EQUIPMENT, AT COST	1.8		124.4		—			15,350.3			—			15,476.5
Less accumulated depreciation	1.8		84.1		—			2,606.7			—			2,692.6
Property and equipment, net	—		40.3		—			12,743.6			—			12,783.9
DUE FROM AFFILIATES	3,080.5		461.3		161.2			2,185.4			(5,888.4		)	—
INVESTMENTS IN AFFILIATES	8,835.1		3,641.4		1,152.6			—			(13,629.1		)	—
OTHER ASSETS	9.7		—		—			204.1			(119.9		)	93.9
	$	13,651.2	$	4,558.9	$	1,331.3		$	16,400.6		$	(21,601.4	)	$	14,340.6
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES
Accounts payable and accrued liabilities	$	79.7	$	10.0	$	12.5		$	447.6		$	—		$	549.8
Accounts payable to affiliates	47.2		374.9		27.1			1,514.8			(1,964.0		)	—
Total current liabilities	126.9		384.9		39.6			1,962.4			(1,964.0		)	549.8
DUE TO AFFILIATES	1,417.2		1,426.1		1,387.6			1,657.5			(5,888.4		)	—
LONG-TERM DEBT	3,673.2		149.4		504.8			667.5			—			4,994.9
OTHER LIABILITIES	—		24.2		—			457.7			(119.9		)	362.0
ENSCO SHAREHOLDERS' EQUITY (DEFICIT)	8,433.9		2,574.3		(600.7		)	11,657.8			(13,629.1		)	8,436.2
NONCONTROLLING INTERESTS	—		—		—			(2.3		)	—			(2.3		)
Total equity (deficit)	8,433.9		2,574.3		(600.7		)	11,655.5			(13,629.1		)	8,433.9
	$	13,651.2	$	4,558.9	$	1,331.3		$	16,400.6		$	(21,601.4	)	$	14,340.6

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	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 (deficit)	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 Six Months Ended June 30, 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 of continuing operations	$	28.3		$	(87.8	)	$	(56.6	)	$	98.1		$	—		$	(18.0	)
INVESTING ACTIVITIES
Maturities of short-term investments	599.0			—			—			—			—			599.0
Purchases of short-term investments	(414.0		)	—			—			—			—			(414.0		)
Additions to property and equipment	—			—			—			(331.9		)	—			(331.9		)
Sale of affiliate debt	479.0			—			—			—			(479.0		)	—
Purchase of affiliate debt	(552.5		)	—			—			—			552.5			—
Other	—			—			—			2.9			—			2.9
Net cash provided by (used in) investing activities of continuing operations	111.5			—			—			(329.0		)	73.5			(144.0		)
FINANCING ACTIVITIES
Proceeds from issuance of senior notes	1,000.0			—			—			—			—			1,000.0
Reduction of long-term borrowings	(159.9		)	—			(537.8		)	—			(73.5		)	(771.2		)
Debt financing costs	(17.0		)	—			—			—			—			(17.0		)
Cash dividends paid	(9.0		)	—			—			—			—			(9.0		)
Advances from (to) affiliates	(831.5		)	87.8			584.9			158.8			—			—
Other	(1.9		)	—			—			(0.6		)	—			(2.5		)
Net cash provided by (used in) financing activities	(19.3		)	87.8			47.1			158.2			(73.5		)	200.3
Net cash provided by discontinued operations	—			—			—			2.5			—			2.5
Effect of exchange rate changes on cash and cash equivalents	—			—			—			(.7		)	—			(.7		)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	120.5			—			(9.5		)	(70.9		)	—			40.1
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	185.2			—			25.6			234.6			—			445.4
CASH AND CASH EQUIVALENTS, END OF PERIOD	$	305.7		$	—		$	16.1		$	163.7		$	—		$	485.5



ENSCO PLC AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS Six Months Ended June 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 provided by (used in) operating activities of continuing operations	$	(17.8	)	$	(50.5	)	$	(53.9	)	$	252.7		$	—		$	130.5
INVESTING ACTIVITIES
Maturities of short-term investments	65.1			—			—			831.9			—			897.0
Purchases of short-term investments	(563.0		)	—			—			(571.8		)	—			(1,134.8		)
Additions to property and equipment	—			—			—			(332.6		)	—			(332.6		)
Purchase of affiliate debt	(316.3		)	—			—			—			316.3			—
Other	—			—			—			1.7			—			1.7
Net cash used in investing activities of continuing operations	(814.2		)	—			—			(70.8		)	316.3			(568.7		)
FINANCING ACTIVITIES
Reduction of long-term borrowings	(220.7		)	—			—			—			(316.3		)	(537.0		)
Cash dividends paid	(6.2		)	—			—			—			—			(6.2		)
Debt financing costs	(5.5		)	—			—			—			—			(5.5		)
Advances from affiliates	247.7			50.5			37.9			(336.1		)	—			—
Other	(2.6		)	—			—			(1.0		)	—			(3.6		)
Net cash provided by (used in) financing activities	12.7			50.5			37.9			(337.1		)	(316.3		)	(552.3		)
Net cash used in discontinued operations	—			—			—			(0.2		)	—			(0.2		)
Effect of exchange rate changes on cash and cash equivalents	—			—			—			.6			—			.6
NET DECREASE IN CASH AND CASH EQUIVALENTS	(819.3		)	—			(16.0		)	(154.8		)	—			(990.1		)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	892.6			—			19.8			247.3			—			1,159.7
CASH AND CASH EQUIVALENTS, END OF PERIOD	$	73.3		$	—		$	3.8		$	92.5		$	—		$	169.6