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Ensco Plc Financials Q1 2013

by May 20, 2013

Ensco Plc Financials Q1 2013
Earnings and financial results

Rising star
Record sales, big profits

Ensco, world's second largest offshore drilling rig fleet, succeeded to book record sales. Having the newest ultra-deepwater fleet and largest active premium jackup fleet of any offshore drilling company lead to a respectable net income margin. Balance sheet is strong as ever, with low leverage and decreasing liabilities. Dividend increased.

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Ensco Plc Financial statements analysis

Ensco Plc financials for Q1 2013
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Click for larger Ensco Plc Gross profit margin from sales , Q1 2013
Record sales, strong margin.

Ensco Plc financials for Q1 2013
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Click for larger Ensco Plc Operating income from sales , Q1 2013
High operating income.

Ensco Plc financials for Q1 2013
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Click for larger Ensco Plc Net income overview , Q1 2013
Large net income.

Ensco Plc financials for Q1 2013
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Click for larger Ensco Plc Detailed revenues and costs , Q1 2013
Some light on revenues and costs details.

Ensco Plc financials for Q1 2013
Placeholder for chart showing: balance sheet: current assets, long term assets, current liabilities, long-term liabilities, equity.

Click for larger Ensco Plc Balance sheet overview , Q1 2013
Strong balance sheet, low leverage, decreasing liabilities.

Ensco Plc financials for Q1 2013
Placeholder for chart showing: current assets details: cash, investments, accounts receivable, inventory, deferred tax, others.

Click for larger Ensco Plc Detailed current assets , Q1 2013
Increasing cash, receivables under control.

Ensco Plc financials for Q1 2013
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Click for larger Ensco Plc Detailed long term assets , Q1 2013
Some property plant and equipment additions.

Ensco Plc financials for Q1 2013
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Click for larger Ensco Plc Detailed current liabilities , Q1 2013
Decreasing current liabilities, particularly accounts payable.

Ensco Plc financials for Q1 2013
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Click for larger Ensco Plc Detailed long term liabilities , Q1 2013
Slightly decreasing long term debt, and strong sales as well.

Ensco Plc financials for Q1 2013
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Click for larger Ensco Plc Detailed equity components , Q1 2013
Increasing equity base, despite dividend payments.

Ensco Plc financials for Q1 2013
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Click for larger Ensco Plc Cash flows overview , Q1 2013
Cash flows overview.

Ensco Plc financials for Q1 2013
Placeholder for chart showing: operating cash flows details: net income, adjustments, accounts payable, accounts receivable, inventory.

Click for larger Ensco Plc Detailed operating cash flows , Q1 2013
A little decrease in operating cash flows for Q1 2013, explained by management as resulted from a $161.2 million increase in cash payments related to contract drilling expenses, a $36.6 million decline in cash receipts resulting from the sale of trading securities during the prior year period, a $26.5 million increase in cash payments related to general and administrative expenses and a $24.2 million increase in income tax payments, partially offset by a $50.7 million increase in cash receipts from contract drilling services.

Ensco Plc financials for Q1 2013
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Click for larger Ensco Plc Detailed non-cash adjustements , Q1 2013
Nothing special here.

Ensco Plc financials for Q1 2013
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Click for larger Ensco Plc Detailed financing cash flows , Q1 2013
No financing need, increasing dividend.

Ensco Plc financials for Q1 2013
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Click for larger Ensco Plc Detailed investment cash flows , Q1 2013
Ensco invests primarily in property plant and equipment, albeit at a reduced pace. Ensco currently owns and operates an offshore drilling rig fleet of 74 rigs, including rigs under construction. The fleet includes nine drillships, 19 semisubmersible rigs and 46 independent leg jackups.
Closing remarks on Ensco Plc financials for Q1 2013:
We like those financials and Ensco's evolution.
We hope good news keep coming.

Data sources:
Our an analysis is based on Ensco Plc quarterly and annual reports as filed to SEC EDGAR or reported by Ensco Plc. All data is thoroughly processed by our analysts to assure consistent and comparable figures across many quarters. In case you spot any error or inconsistency, please let us know.

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