| Address:
|
2800 POST OAK BLVD.
SUITE 5450 |
| City: |
HOUSTON |
|
State: |
TX |
|
Zip Code: |
77056-6127 |
| Telephone: |
713-621-7800 |
|
Description of Business
|
Primary SIC Code:
1381 |
| (As filed with the SEC)
|
|
|
Rowan Companies, Inc. ("Rowan" or the "Company") is a major provider of
international and domestic contract drilling services. Rowan also owns and
operates a manufacturing division that produces equipment for the drilling,
mining and timber industries. Organized in 1947 as a Delaware corporation under
the name Rowan Drilling Company, Inc., Rowan is a successor to a contract
drilling business conducted since 1923.
Information with respect to Rowan's revenues, operating income, assets, and
other financial information relating to the Company's business segments and
geographic areas of operation is presented in Note 11 of "Notes to Consolidated
Financial Statements" in Item 8 of this Form 10-K. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 09/2011 | 1.20 | NA | 25.16 | | 06/2011 | 1.42 | NA | 27.33 | | 03/2011 | 2.05 | NA | 21.55 | | 12/2010 | 2.36 | NA | 14.79 | | 09/2010 | 2.46 | NA | 12.34 | | 06/2010 | 2.59 | NA | 8.47 | | 03/2010 | 2.64 | NA | 11.03 | | 12/2009 | 3.24 | NA | 6.99 |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2010 |
Leverage |
2010 |
| Net Inc/Comm Equity | 0.19 | Total Liab/Total Assets | 0.40 | | Net Inc/Total Assets | 0.05 | Total Liab/Inv Cap | 0.44 | | Net Inc/Inv Cap | 0.05 | Total Liab/Comm Equity | 1.70 | | Pretax Inc/Net Sales | 0.21 | Interest Coverage Ratio | 16.23 | | Net Inc/Net Sales | 0.15 | Curr Debt/Equity | 0.01 | | Cash Flow/Net Sales | 0.28 | LTD/Equity | 0.30 | | SG&A/NetSales | 0.10 | Total Debt/Equity | 0.32 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 4.35 | Quick Ratio | 1.85 | | Inventory Turnover | 2.67 | Current Ratio | 2.50 | | Inventory Day Sales | 0.01 | Net Rec/Curr Assets | 0.34 | | Net Sales/Work Cap | 2.29 | Inv/Curr Assets | 0.26 | | Net Sales/PP&E | 0.38 | | |
Income Statement (Millions) |
| |
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Total Revenues(Net Sales)
|
234.70
|
65.18
|
364.28
|
1,009.97
|
|
Cost of Goods Sold
|
129.77
|
-26.13
|
241.92
|
749.44
|
|
Selling & Admin Exps
|
24.05
|
8.73
|
32.39
|
119.35
|
|
Operating Income
|
31.96
|
44.87
|
42.62
|
61.93
|
|
Interest Exp
|
4.23
|
7.45
|
5.32
|
5.82
|
|
Pretax Income
|
27.55
|
36.64
|
37.43
|
68.23
|
|
Other Income
|
1.23
|
-2.80
|
2.15
|
11.74
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
193.81
|
465.86
|
32.07
|
57.29
|
|
Assets
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Cash & Short Term Investments
|
892.56
|
711.33
|
204.49
|
452.74
|
|
Receivables - Total
|
325.16
|
257.64
|
418.88
|
454.83
|
|
Inventories - Total
|
NA
|
NA
|
395.96
|
347.85
|
|
Total Current Assets
|
1,306.09
|
1,386.05
|
1,066.32
|
1,324.77
|
|
Net Property, Plant & Equipment
|
5,347.86
|
5,162.33
|
5,092.22
|
4,793.44
|
|
Total Assets
|
6,758.53
|
6,645.04
|
6,257.99
|
6,217.46
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
356.55
|
276.72
|
259.05
|
323.62
|
|
Debt in Current Liabilities
|
45.02
|
52.15
|
52.15
|
52.17
|
|
Total Current Liabilities
|
482.02
|
397.43
|
523.87
|
529.23
|
|
Long-Term Debt
|
1,102.94
|
1,107.98
|
1,121.59
|
1,133.75
|
|
Total Liabilities
|
2,360.01
|
2,366.36
|
2,460.80
|
2,465.15
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
NA
|
NA
|
NA
|
NA
|
|
Preferred Stock
|
0.00
|
0.00
|
0.00
|
0.00
|
|
Common Stock
|
15.94
|
15.94
|
15.89
|
15.79
|
|
Retained Earnings
|
3,141.26
|
2,947.45
|
2,481.59
|
2,449.52
|
|
Treasury Stock
|
-84.04
|
-4.64
|
-1.81
|
-1.51
|
|
Total Stockholders' Equity
|
4,398.52
|
4,278.68
|
3,797.19
|
3,752.31
|
|
Total Liabilities and Stockholders' Equity
|
6,758.53
|
6,645.04
|
6,257.99
|
6,217.46
|
Cash Flow Summary (Millions) |
|
Categories
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Net Cash Provided by Operating Activities
|
-17.89
|
32.03
|
113.87
|
227.88
|
|
Net Cash Provided by Investing Activities
|
293.29
|
490.90
|
-358.01
|
-188.95
|
|
Net Cash Provided by Financing Activities
|
-94.17
|
-1.25
|
-3.68
|
-494.21
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2006 | 1,510.73 | 318.25 | 2.84 | | 12/2007 | 2,095.02 | 483.80 | 4.31 | | 12/2008 | 2,212.74 | 427.63 | 3.77 | | 12/2009 | 1,770.18 | 367.50 | 3.24 | | 12/2010 | 1,819.21 | 280.00 | 2.36 | | Growth Rates | 4.75 | -3.15 | -4.52 |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/11 | 357 | 102,278 | 81.84 |
|
Report Date :
2/6/2012
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