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The income statement presents information on the financial results of a company's business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.
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Transocean Ltd., Consolidated Income Statement
USD $ in millions
| 12 months ended | Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | |
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Contract drilling revenues | |
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Contract drilling intangible revenues | |
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Other revenues | |
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Operating revenues | |
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Operating and maintenance | |
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Depreciation and amortization | |
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General and administrative | |
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Costs and expenses | |
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Loss on impairment | |
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Gain (loss) on disposal of assets, net | |
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Operating income (loss) | |
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Interest income | |
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Interest expense, net of amounts capitalized | |
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Loss on retirement of debt | |
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Other, net | |
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Other income (expense), net | |
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Income (loss) from continuing operations before income tax expense | |
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Income tax expense | |
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Income (loss) from continuing operations | |
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Income (loss) from discontinued operations, net of tax | |
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Net income (loss) | |
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Net (income) loss attributable to noncontrolling interest | |
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Net income (loss) attributable to controlling interest | |
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| Item | Description | The company |
|---|---|---|
| Operating revenues | Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. | Transocean Ltd.'s operating revenues declined from 2009 to 2010 and from 2010 to 2011. |
| Operating income (loss) | The net result for the period of deducting operating expenses from operating revenues. | Transocean Ltd.'s operating income (loss) declined from 2009 to 2010 and from 2010 to 2011. |
| Income (loss) from continuing operations before income tax expense | Sum of operating profit and nonoperating income (expense) before income (loss) from equity method investments, income taxes, extraordinary items, cumulative effects of changes in accounting principles, and noncontrolling interest. | Transocean Ltd.'s income (loss) from continuing operations before income tax expense declined from 2009 to 2010 and from 2010 to 2011. |
| Income (loss) from continuing operations | This represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses and taxes from ongoing operations before extraordinary items, cumulative effects of changes in accounting principles, and noncontrolling interest. | Transocean Ltd.'s income (loss) from continuing operations declined from 2009 to 2010 and from 2010 to 2011. |
| Net income (loss) | The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. | Transocean Ltd.'s net income (loss) declined from 2009 to 2010 and from 2010 to 2011. |
| Net income (loss) attributable to controlling interest | The portion of consolidated profit or loss for the period, net of income taxes, which is attributable to the parent. If the entity does not present consolidated financial statements, the amount of profit or loss for the period, net of income taxes. | Transocean Ltd.'s net income (loss) attributable to controlling interest declined from 2009 to 2010 and from 2010 to 2011. |
May 24, 2012