OtherOther is composed of managed drilling rig operations. Revenues decreased to $20 million from $22 million in fourth quarter 2011 due to a $12,000 decline in average day rates. Contract drilling expense was $15 million, compared to $19 million a year ago. The decreases in average day rate and contract drilling expense are related to declining crew requirements year to year.
|(in millions of $,||Floaters||Jackups||Other||Reconciling Items||Consolidated Total|
|General and admin.||-||-||-||-||-||-||-||-||-||35.0||40.3||35.0||40.3||-13||%|
|Operating income (loss)||259.6||206.0||26||%||154.1||131.0||18||%||5.1||3.0||NM||(36.7||)||(41.9||)||382.1||298.1||28||%|
- $10 billion of contracted revenue backlog excluding bonus opportunities
- Long-term debt-to-capital ratio of 29%
- $1.9 billion of available revolving credit facilities
- $487 million of cash and cash equivalents