TRANSOCEAN LTD. REPORTS SECOND QUARTER 2014 RESULTS
http://www.twst.com/update/...ltd-reports-second-quarter-2014-results
Revenues were $2.328 billion, compared with $2.339 billion in the first quarter of 2014;
Operating and maintenance expenses were $1.213 billion, down from $1.269 billion in the prior quarter;
Net income attributable to controlling interest was $587 million versus $456 million in the first quarter of 2014, which included $64 million of net unfavorable items;
The Annual Effective Tax Rate(1) was 12.6 percent, down from 15.1 percent sequentially;
Net income attributable to controlling interest and adjusted earnings from continuing operations, were each $587 million, or $1.61 per diluted share;
Cash flows from operating activities were $636 million, compared with $136 million in the first quarter of 2014;
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Aug 6, 4:36PM EDT |
