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<p style='margin-top:0pt; margin-bottom:10pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">1. Basis of Presentation and General Information:</font></p><p style='margin-top:0pt; margin-bottom:10pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">The accompanying unaudited interim condensed consolidated financial statements include the accounts of Ocean Rig UDW Inc., its subsidiaries and</font><font style="font-family:Times New Roman;font-size:10pt;"> its</font><font style="font-family:Times New Roman;font-size:10pt;"> consolidated Variable Interest Entities ("VIEs") (collectively, the</font><font style="font-family:Times New Roman;font-size:10pt;"> "Company," "Ocean Rig UDW" or </font><font style="font-family:Times New Roman;font-size:10pt;">"Group"). Ocean Rig UDW was formed on December 10, 2007, under the laws of the Republic of the Marshall Islands under the name </font><font style="font-family:Times New Roman;font-size:10pt;">Primelead</font><font style="font-family:Times New Roman;font-size:10pt;"> Shareholders Inc. The Company was established by </font><font style="font-family:Times New Roman;font-size:10pt;">DryShips</font><font style="font-family:Times New Roman;font-size:10pt;"> Inc. ("</font><font style="font-family:Times New Roman;font-size:10pt;">DryShips</font><font style="font-family:Times New Roman;font-size:10pt;">" or "the Parent") for the purpose of being the holding company of its drilling segment. </font><font style="font-family:Times New Roman;font-size:10pt;">DryShips</font><font style="font-family:Times New Roman;font-size:10pt;"> is currently impacted by the prolonged downturn in the </font><font style="font-family:Times New Roman;font-size:10pt;">drybulk</font><font style="font-family:Times New Roman;font-size:10pt;"> charter market. The Company, in the preparation of its consolidated financial statements, has considered its relationship to its Parent and any impact its Parent's financial condition might have on its own consolidated financial statements. Based on its assessment, the Company has concluded that there is no impact on the basis of preparation of its consolidated financial statements.</font></p><p style='margin-top:0pt; margin-bottom:10pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;"> The accompanying unaudited interim condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States ("U.S. GAAP") and applicable rules and regulations of the Securities and Exchange Commission ("SEC") for interim financial information. Accordingly, they do not include all the information and notes required by U.S. GAAP for complete financial statements. These statements and the accompanying notes should be read in conjunction with the Company's Annual Report on Form 20-F (File No. 001-35298) for the fiscal year ended December 31, 2013, filed with the SEC on February 21, 2014.</font></p><p style='margin-top:0pt; margin-bottom:10pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">These unaudited interim condensed consolidated financial statements have been prepared on the same basis as the Company's annual consolidated financial statements and, in the opinion of management, reflect all adjustments, which include only normal recurring adjustments considered necessary for a fair presentation of the Company's financial position, results of operations and cash flows for the periods presented. Operating results for the six-month period ended June 30, 2014, are not necessarily indicative of the results that might be expected for the fiscal year ending December 31, 2014.</font></p><p style='margin-top:0pt; margin-bottom:10pt'> </p>
<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">2. Significant Accounting Policies:</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">A discussion of the Company's significant accounting policies can be found in the Company's consolidated financial statements included in the Annual Report on Form 20-F for the fiscal year ended December 31, 2013, filed with the SEC on February 21, 2014 (the "Consolidated Financial Statements for the year ended December 31, 2013"). There have been no material changes to these policies in the six-month period ended June 30, 2014.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">New accounting pronouncements</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Revenue from Contracts with Customers:</font><font style="font-family:Times New Roman;font-size:10pt;"> The Financial Accounting Standards Board (“FASB”) and the International Accounting Standards Board (“IASB”) (collectively, the “Boards”) jointly issued a standard in May 2014 that will supersede virtually all of the existing revenue recognition guidance in US GAAP and International Financial Reporting Standards (“IFRS”) and is effective for annual periods beginning on or after January 1, 2017. The standard establishes a five-step model that will apply to revenue earned from a contract with a customer (with limited exceptions), regardless of the type of revenue transaction or the industry. The standard's requirements will also apply to the recognition and measurement of gains and losses on the sale of some non-financial assets that are not an output of the entity's ordinary activities (e.g., sales of property, plant and equipment or intangibles). Extensive disclosures will be required, including disaggregation of total revenue; information about performance obligations; changes in contract asset and liability account balances between periods and key judgments and estimates. The guidance in Accounting Standard Update (“ASU”) 2014-09 Revenue from Contracts with Customers (Topic 606)</font><font style="font-family:Times New Roman;font-size:10pt;"> supersedes the revenue recognition requirements in Topic 605, Revenue Recognition, and most industry-specific guidance throughout the Industry Topics of the Codification. Additionally, this ASU supersedes some cost guidance included in Subtopic 605-35, Revenue Recognition—Construction-Type and Production-Type Contracts. In addition, the existing requirements for the recognition of a gain or loss on the transfer of nonfinancial assets that are not in a contract with a customer are amended to be consistent with the guidance on recognition and measurement (including the constraint on revenue) in this ASU. </font><font style="font-family:Times New Roman;font-size:10pt;">Management is in the process of accessing the impact of the new standard on Company's financial position and performance.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'> </p>
<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">New accounting pronouncements</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Revenue from Contracts with Customers:</font><font style="font-family:Times New Roman;font-size:10pt;"> The Financial Accounting Standards Board (“FASB”) and the International Accounting Standards Board (“IASB”) (collectively, the “Boards”) jointly issued a standard in May 2014 that will supersede virtually all of the existing revenue recognition guidance in US GAAP and International Financial Reporting Standards (“IFRS”) and is effective for annual periods beginning on or after January 1, 2017. The standard establishes a five-step model that will apply to revenue earned from a contract with a customer (with limited exceptions), regardless of the type of revenue transaction or the industry. The standard's requirements will also apply to the recognition and measurement of gains and losses on the sale of some non-financial assets that are not an output of the entity's ordinary activities (e.g., sales of property, plant and equipment or intangibles). Extensive disclosures will be required, including disaggregation of total revenue; information about performance obligations; changes in contract asset and liability account balances between periods and key judgments and estimates. The guidance in Accounting Standard Update (“ASU”) 2014-09 Revenue from Contracts with Customers (Topic 606)</font><font style="font-family:Times New Roman;font-size:10pt;"> supersedes the revenue recognition requirements in Topic 605, Revenue Recognition, and most industry-specific guidance throughout the Industry Topics of the Codification. Additionally, this ASU supersedes some cost guidance included in Subtopic 605-35, Revenue Recognition—Construction-Type and Production-Type Contracts. In addition, the existing requirements for the recognition of a gain or loss on the transfer of nonfinancial assets that are not in a contract with a customer are amended to be consistent with the guidance on recognition and measurement (including the constraint on revenue) in this ASU. </font><font style="font-family:Times New Roman;font-size:10pt;">Management is in the process of accessing the impact of the new standard on Company's financial position and performance.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p>
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text-align:left;border-color:#000000;min-width:86px;"> </td></tr><tr style="height: 17px"><td style="width: 35px; text-align:left;border-color:#000000;min-width:35px;"> </td><td style="width: 388px; text-align:left;border-color:#000000;min-width:388px;"> </td><td style="width: 29px; text-align:left;border-color:#000000;min-width:29px;"> </td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 84px; text-align:left;border-color:#000000;min-width:84px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 84px; text-align:left;border-color:#000000;min-width:84px;"> </td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 86px; text-align:left;border-color:#000000;min-width:86px;"> </td></tr><tr style="height: 17px"><td style="width: 35px; text-align:left;border-color:#000000;min-width:35px;"> </td><td style="width: 388px; text-align:left;border-color:#000000;min-width:388px;"> </td><td style="width: 29px; text-align:left;border-color:#000000;min-width:29px;"> </td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 84px; text-align:left;border-color:#000000;min-width:84px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 84px; text-align:left;border-color:#000000;min-width:84px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7.5.5pt;COLOR: #000000;">December 31,</font></td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 86px; text-align:center;border-color:#000000;min-width:86px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7.5.5pt;COLOR: #000000;TEXT-ALIGN: center;">June 30,</font></td></tr><tr style="height: 17px"><td style="width: 35px; text-align:left;border-color:#000000;min-width:35px;"> </td><td style="width: 388px; text-align:left;border-color:#000000;min-width:388px;"> </td><td style="width: 29px; text-align:left;border-color:#000000;min-width:29px;"> </td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 84px; text-align:left;border-color:#000000;min-width:84px;"> </td><td colspan="2" style="width: 98px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:98px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7.5.5pt;COLOR: #000000;TEXT-ALIGN: center;">2013</font></td><td style="width: 5px; text-align:center;border-color:#000000;min-width:5px;"> </td><td style="width: 16px; text-align:center;border-color:#000000;min-width:16px;"> </td><td style="width: 86px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:86px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7.5.5pt;COLOR: #000000;TEXT-ALIGN: center;">2014</font></td></tr><tr style="height: 10px"><td style="width: 35px; text-align:left;border-color:#000000;min-width:35px;"> </td><td style="width: 388px; text-align:left;border-color:#000000;min-width:388px;"> </td><td style="width: 29px; text-align:left;border-color:#000000;min-width:29px;"> </td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 84px; text-align:left;border-color:#000000;min-width:84px;"> </td><td style="width: 14px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:14px;"> </td><td style="width: 84px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:84px;"> </td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 16px; text-align:center;border-color:#000000;min-width:16px;"> </td><td style="width: 86px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:86px;"> </td></tr><tr style="height: 17px"><td style="width: 35px; text-align:left;border-color:#000000;min-width:35px;"> </td><td style="width: 388px; text-align:left;border-color:#000000;min-width:388px;"><font style="FONT-WEIGHT: bold;TEXT-DECORATION: underline;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Balance Sheet</font></td><td style="width: 29px; text-align:left;border-color:#000000;min-width:29px;"> </td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 84px; text-align:left;border-color:#000000;min-width:84px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 84px; text-align:left;border-color:#000000;min-width:84px;"> </td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 86px; text-align:center;border-color:#000000;min-width:86px;"> </td></tr><tr style="height: 17px"><td style="width: 35px; text-align:left;border-color:#000000;min-width:35px;"> </td><td style="width: 388px; text-align:left;border-color:#000000;min-width:388px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Advances for drillships under construction and related costs</font></td><td style="width: 29px; text-align:left;border-color:#000000;min-width:29px;"> </td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 84px; text-align:left;border-color:#000000;min-width:84px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 84px; text-align:right;border-color:#000000;min-width:84px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 1,185</font></td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 86px; text-align:right;border-color:#000000;min-width:86px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> 1,546</font></td></tr><tr style="height: 17px"><td style="width: 35px; text-align:left;border-color:#000000;min-width:35px;"> </td><td style="width: 388px; text-align:left;border-color:#000000;min-width:388px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Drilling rigs, drillships, machinery and equipment, net</font></td><td style="width: 29px; text-align:left;border-color:#000000;min-width:29px;"> </td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 84px; text-align:left;border-color:#000000;min-width:84px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 84px; text-align:right;border-color:#000000;min-width:84px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 5,692</font></td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 86px; text-align:right;border-color:#000000;min-width:86px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> 2,885</font></td></tr><tr style="height: 34px"><td style="width: 35px; text-align:left;border-color:#000000;min-width:35px;"> </td><td style="width: 388px; text-align:left;border-color:#000000;min-width:388px;"> </td><td style="width: 29px; text-align:left;border-color:#000000;min-width:29px;"> </td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 84px; text-align:left;border-color:#000000;min-width:84px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td colspan="4" style="width: 191px; text-align:center;border-color:#000000;min-width:191px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Six-month period ended June 30,</font></td></tr><tr style="height: 17px"><td style="width: 35px; text-align:left;border-color:#000000;min-width:35px;"> </td><td style="width: 388px; text-align:left;border-color:#000000;min-width:388px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Statement of Operations</font></td><td style="width: 29px; text-align:left;border-color:#000000;min-width:29px;"> </td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 84px; text-align:center;border-color:#000000;min-width:84px;"> </td><td style="width: 14px; text-align:center;border-color:#000000;min-width:14px;"> </td><td style="width: 84px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:84px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2013</font></td><td style="width: 5px; text-align:center;border-color:#000000;min-width:5px;"> </td><td style="width: 16px; text-align:center;border-color:#000000;min-width:16px;"> </td><td style="width: 86px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:86px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2014</font></td></tr><tr style="height: 17px"><td style="width: 35px; text-align:left;border-color:#000000;min-width:35px;"> </td><td style="width: 388px; text-align:left;border-color:#000000;min-width:388px;"> </td><td style="width: 29px; text-align:left;border-color:#000000;min-width:29px;"> </td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 84px; text-align:left;border-color:#000000;min-width:84px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">$</font></td><td style="width: 84px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:84px;"> </td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">$</font></td><td style="width: 86px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:86px;"> </td></tr><tr style="height: 17px"><td style="width: 35px; text-align:left;border-color:#000000;min-width:35px;"> </td><td style="width: 388px; text-align:left;border-color:#000000;min-width:388px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Service Revenue, net - Cardiff Drilling Inc.</font></td><td style="width: 29px; text-align:left;border-color:#000000;min-width:29px;"> </td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 84px; text-align:left;border-color:#000000;min-width:84px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 84px; text-align:right;border-color:#000000;min-width:84px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> (4,198)</font></td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 86px; text-align:right;border-color:#000000;min-width:86px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> (7,729)</font></td></tr><tr style="height: 17px"><td style="width: 35px; text-align:left;border-color:#000000;min-width:35px;"> </td><td style="width: 388px; text-align:left;border-color:#000000;min-width:388px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">General and administrative expenses:</font></td><td style="width: 29px; text-align:left;border-color:#000000;min-width:29px;"> </td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 84px; text-align:left;border-color:#000000;min-width:84px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 84px; text-align:left;border-color:#000000;min-width:84px;"> </td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 86px; text-align:left;border-color:#000000;min-width:86px;"> </td></tr><tr style="height: 17px"><td style="width: 35px; text-align:left;border-color:#000000;min-width:35px;"> </td><td style="width: 388px; text-align:left;border-color:#000000;min-width:388px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;"> -Vivid Finance Limited</font></td><td style="width: 29px; text-align:left;border-color:#000000;min-width:29px;"> </td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 84px; text-align:left;border-color:#000000;min-width:84px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 84px; text-align:right;border-color:#000000;min-width:84px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 5,738</font></td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 86px; text-align:right;border-color:#000000;min-width:86px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 5,706</font></td></tr><tr style="height: 17px"><td style="width: 35px; text-align:left;border-color:#000000;min-width:35px;"> </td><td style="width: 388px; text-align:left;border-color:#000000;min-width:388px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;"> -Azara</font></td><td style="width: 29px; text-align:left;border-color:#000000;min-width:29px;"> </td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 84px; text-align:left;border-color:#000000;min-width:84px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 84px; text-align:right;border-color:#000000;min-width:84px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> -</font></td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 86px; text-align:right;border-color:#000000;min-width:86px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 1,250</font></td></tr><tr style="height: 17px"><td style="width: 35px; text-align:left;border-color:#000000;min-width:35px;"> </td><td style="width: 388px; text-align:left;border-color:#000000;min-width:388px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;"> -Basset</font></td><td style="width: 29px; text-align:left;border-color:#000000;min-width:29px;"> </td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 84px; text-align:left;border-color:#000000;min-width:84px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 84px; text-align:right;border-color:#000000;min-width:84px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 566</font></td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 86px; text-align:right;border-color:#000000;min-width:86px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 616</font></td></tr><tr style="height: 22px"><td style="width: 35px; text-align:left;border-color:#000000;min-width:35px;"> </td><td style="width: 388px; text-align:left;border-color:#000000;min-width:388px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> -Amortization of CEO's stock based compensation</font></td><td style="width: 29px; text-align:left;border-color:#000000;min-width:29px;"> </td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 84px; text-align:left;border-color:#000000;min-width:84px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">$</font></td><td style="width: 84px; text-align:right;border-color:#000000;min-width:84px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> -</font></td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">$</font></td><td style="width: 86px; text-align:right;border-color:#000000;min-width:86px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 653</font></td></tr><tr style="height: 30px"><td style="width: 35px; text-align:left;border-color:#000000;min-width:35px;"> </td><td style="width: 388px; text-align:left;border-color:#000000;min-width:388px;"> </td><td style="width: 29px; text-align:left;border-color:#000000;min-width:29px;"> </td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 84px; text-align:left;border-color:#000000;min-width:84px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 84px; text-align:right;border-color:#000000;min-width:84px;"> </td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 86px; text-align:right;border-color:#000000;min-width:86px;"> </td></tr><tr style="height: 17px"><td style="width: 35px; text-align:left;border-color:#000000;min-width:35px;"> </td><td style="width: 388px; text-align:left;border-color:#000000;min-width:388px;"> </td><td style="width: 29px; text-align:left;border-color:#000000;min-width:29px;"> </td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 84px; text-align:left;border-color:#000000;min-width:84px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 84px; text-align:right;border-color:#000000;min-width:84px;"> </td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 86px; text-align:right;border-color:#000000;min-width:86px;"> </td></tr><tr style="height: 17px"><td style="width: 35px; text-align:left;border-color:#000000;min-width:35px;"> </td><td style="width: 388px; text-align:left;border-color:#000000;min-width:388px;"> </td><td style="width: 29px; text-align:left;border-color:#000000;min-width:29px;"> </td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 84px; text-align:left;border-color:#000000;min-width:84px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 84px; text-align:right;border-color:#000000;min-width:84px;"> </td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 86px; text-align:right;border-color:#000000;min-width:86px;"> </td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">Global Services Agreement:</font><font style="font-family:Times New Roman;font-size:10pt;"> Effective January 1, 2013, Ocean Rig Management Inc. ("Ocean Rig Management"), a wholly-owned subsidiary of Ocean Rig UDW entered into a Global Services Agreement with Cardiff Drilling Inc. ("Cardiff Drilling") , a company controlled by the Company's Chairman, President and Chief Executive Officer, of the Company and </font><font style="font-family:Times New Roman;font-size:10pt;">Dryships</font><font style="font-family:Times New Roman;font-size:10pt;"> Mr. George </font><font style="font-family:Times New Roman;font-size:10pt;">Economou</font><font style="font-family:Times New Roman;font-size:10pt;">, pursuant to which Ocean Rig Management engaged Cardiff Drilling to act as consultant on matters of chartering and sale and purchase transactions for the offshore drilling units operated by the Company. Under the Global Services Agreement, Cardiff Drilling, or its subcontractor, (</font><font style="font-family:Times New Roman;font-size:10pt;">i</font><font style="font-family:Times New Roman;font-size:10pt;">) provides consulting services related to the identification, sourcing, negotiation and arrangement of new employment for offshore assets of the Company and its subsidiaries; and (ii) identifies, sources, negotiates and arranges the sale or purchase of the offshore assets of the Company and its subsidiaries. In consideration of such services, the Company will pay Cardiff Drilling a fee of 1.0% in connection with employment arrangements and 0.75% in connection with sale and purchase activities. Costs from the Global Services Agreement are expensed in the consolidated statement of operations or capitalized as a component of "Advances for </font><font style="font-family:Times New Roman;font-size:10pt;">drillships</font><font style="font-family:Times New Roman;font-size:10pt;"> under construction and related costs" being a directly attributable cost to the construction, as applicable.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">Vivid Finance Limited: </font><font style="font-family:Times New Roman;font-size:10pt;">Under the consultancy agreement effective from January 1, 2013, between Ocean Rig Management and Vivid Finance Limited ("Vivid"), a company controlled by the Chairman, President and Chief Executive Officer of the Company and </font><font style="font-family:Times New Roman;font-size:10pt;">DryShips</font><font style="font-family:Times New Roman;font-size:10pt;">, Mr. George </font><font style="font-family:Times New Roman;font-size:10pt;">Economou</font><font style="font-family:Times New Roman;font-size:10pt;">, pursuant to which Vivid acts as a consultant on financing matters for Ocean Rig and its subsidiaries, Vivid provides the Company with financing-related services such as (</font><font style="font-family:Times New Roman;font-size:10pt;">i</font><font style="font-family:Times New Roman;font-size:10pt;">) negotiating and arranging new loan and credit facilities, interest rate swap agreements, foreign currency contracts and forward exchange contracts, (ii) renegotiating existing loan facilities and other debt instruments and, (iii) the raising of equity or debt in the capital markets. In exchange for its services in respect of the Company, Vivid is entitled to a fee equal to 0.20% on the total transaction amount. The consultancy agreement has a term of five years and may be terminated (</font><font style="font-family:Times New Roman;font-size:10pt;">i</font><font style="font-family:Times New Roman;font-size:10pt;">) at the end of its term unless extended by mutual agreement of the parties; and (ii) at any time by the mutual agreement of the parties.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">Basset Holdings Inc</font><font style="font-family:Times New Roman;font-size:10pt;">.: Under the consultancy agreement effective from June 1, 2012, between a wholly owned subsidiary of the Company, and Basset Holdings Inc. ("Basset"), a related party entity incorporated in the Republic of Marshall Islands, Basset provides consultancy services relating to the services of Mr. Anthony </font><font style="font-family:Times New Roman;font-size:10pt;">Kandylidis</font><font style="font-family:Times New Roman;font-size:10pt;"> in his capacity as Executive Vice-President of Ocean Rig. The annual remuneration to be awarded to Basset under the consultancy agreement is Euro 0.9 million ($1.2 million based on the Euro/U.S. Dollar exchange rate as of June 30, 2014). On August 20, 2013, the Compensation Committee of Ocean Rig approved that a cash bonus of $3.0 million be paid to Basset for the contribution of Mr. Antony </font><font style="font-family:Times New Roman;font-size:10pt;">Kandylidis</font><font style="font-family:Times New Roman;font-size:10pt;"> services as Executive Vice President.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">Azara</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;"> Services S.A.:</font><font style="font-family:Times New Roman;font-size:10pt;"> Under the consultancy agreement entered on September 9, 2013 and effective from January 1, 2013, between a wholly owned subsidiary</font><font style="font-family:Times New Roman;font-size:10pt;"> of the Company </font><font style="font-family:Times New Roman;font-size:10pt;"> and </font><font style="font-family:Times New Roman;font-size:10pt;">Azara</font><font style="font-family:Times New Roman;font-size:10pt;"> Services S.A. ("</font><font style="font-family:Times New Roman;font-size:10pt;">Azara</font><font style="font-family:Times New Roman;font-size:10pt;">"), a related party entity incorporated in the Republic of Marshall Islands, </font><font style="font-family:Times New Roman;font-size:10pt;">Azara</font><font style="font-family:Times New Roman;font-size:10pt;"> provides consultancy services relating to the services of Mr. George </font><font style="font-family:Times New Roman;font-size:10pt;">Economou</font><font style="font-family:Times New Roman;font-size:10pt;"> in his capacity as Chief Executive Officer of the Company.  The annual remuneration to be awarded to </font><font style="font-family:Times New Roman;font-size:10pt;">Azara</font><font style="font-family:Times New Roman;font-size:10pt;"> under the consultancy agreement is $2,500. For the period ended June 30, 2014, the Company incurred costs of $1,250 related to this agreement which are included in "General and administrative expenses" in the consolidated statement of operations. In addition, on August 20, 2013, the Company's Compensation Committee approved a sign-on bonus of 150,000 shares of the Company's common stock to </font><font style="font-family:Times New Roman;font-size:10pt;">Azara</font><font style="font-family:Times New Roman;font-size:10pt;">, relating to the services of Mr. George </font><font style="font-family:Times New Roman;font-size:10pt;">Economou</font><font style="font-family:Times New Roman;font-size:10pt;"> as Chief Executive Officer of the Company. The shares vest over a period of two years  with 50,000 shares vesting on the grant date, 50,000 shares vesting on August 20, 2014 and 50,000 vesting on August 20, 2015, respectively. The stock based compensation is being recognized to expenses over the vesting period and based on the fair value of the Ocean Rig's shares on the grant date of $17.56 per share.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p>
<div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 35px; text-align:left;border-color:#000000;min-width:35px;"> </td><td style="width: 388px; text-align:left;border-color:#000000;min-width:388px;"> </td><td style="width: 29px; text-align:left;border-color:#000000;min-width:29px;"> </td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 84px; text-align:left;border-color:#000000;min-width:84px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 84px; text-align:left;border-color:#000000;min-width:84px;"> </td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 86px; text-align:left;border-color:#000000;min-width:86px;"> </td></tr><tr style="height: 17px"><td style="width: 35px; text-align:left;border-color:#000000;min-width:35px;"> </td><td style="width: 388px; text-align:left;border-color:#000000;min-width:388px;"> </td><td style="width: 29px; text-align:left;border-color:#000000;min-width:29px;"> </td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 84px; text-align:left;border-color:#000000;min-width:84px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 84px; text-align:left;border-color:#000000;min-width:84px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7.5.5pt;COLOR: #000000;">December 31,</font></td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 86px; text-align:center;border-color:#000000;min-width:86px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7.5.5pt;COLOR: #000000;TEXT-ALIGN: center;">June 30,</font></td></tr><tr style="height: 17px"><td style="width: 35px; text-align:left;border-color:#000000;min-width:35px;"> </td><td style="width: 388px; text-align:left;border-color:#000000;min-width:388px;"> </td><td style="width: 29px; text-align:left;border-color:#000000;min-width:29px;"> </td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 84px; text-align:left;border-color:#000000;min-width:84px;"> </td><td colspan="2" style="width: 98px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:98px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7.5.5pt;COLOR: #000000;TEXT-ALIGN: center;">2013</font></td><td style="width: 5px; text-align:center;border-color:#000000;min-width:5px;"> </td><td style="width: 16px; text-align:center;border-color:#000000;min-width:16px;"> </td><td style="width: 86px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:86px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7.5.5pt;COLOR: #000000;TEXT-ALIGN: center;">2014</font></td></tr><tr style="height: 10px"><td style="width: 35px; text-align:left;border-color:#000000;min-width:35px;"> </td><td style="width: 388px; text-align:left;border-color:#000000;min-width:388px;"> </td><td style="width: 29px; text-align:left;border-color:#000000;min-width:29px;"> </td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 84px; text-align:left;border-color:#000000;min-width:84px;"> </td><td style="width: 14px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:14px;"> </td><td style="width: 84px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:84px;"> </td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 16px; text-align:center;border-color:#000000;min-width:16px;"> </td><td style="width: 86px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:86px;"> </td></tr><tr style="height: 17px"><td style="width: 35px; text-align:left;border-color:#000000;min-width:35px;"> </td><td style="width: 388px; text-align:left;border-color:#000000;min-width:388px;"><font style="FONT-WEIGHT: bold;TEXT-DECORATION: underline;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Balance Sheet</font></td><td style="width: 29px; text-align:left;border-color:#000000;min-width:29px;"> </td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 84px; text-align:left;border-color:#000000;min-width:84px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 84px; text-align:left;border-color:#000000;min-width:84px;"> </td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 86px; text-align:center;border-color:#000000;min-width:86px;"> </td></tr><tr style="height: 17px"><td style="width: 35px; text-align:left;border-color:#000000;min-width:35px;"> </td><td style="width: 388px; text-align:left;border-color:#000000;min-width:388px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Advances for drillships under construction and related costs</font></td><td style="width: 29px; text-align:left;border-color:#000000;min-width:29px;"> </td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 84px; text-align:left;border-color:#000000;min-width:84px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 84px; text-align:right;border-color:#000000;min-width:84px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 1,185</font></td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 86px; text-align:right;border-color:#000000;min-width:86px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> 1,546</font></td></tr><tr style="height: 17px"><td style="width: 35px; text-align:left;border-color:#000000;min-width:35px;"> </td><td style="width: 388px; text-align:left;border-color:#000000;min-width:388px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Drilling rigs, drillships, machinery and equipment, net</font></td><td style="width: 29px; text-align:left;border-color:#000000;min-width:29px;"> </td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 84px; text-align:left;border-color:#000000;min-width:84px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 84px; text-align:right;border-color:#000000;min-width:84px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 5,692</font></td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 86px; text-align:right;border-color:#000000;min-width:86px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> 2,885</font></td></tr><tr style="height: 34px"><td style="width: 35px; text-align:left;border-color:#000000;min-width:35px;"> </td><td style="width: 388px; text-align:left;border-color:#000000;min-width:388px;"> </td><td style="width: 29px; text-align:left;border-color:#000000;min-width:29px;"> </td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 84px; text-align:left;border-color:#000000;min-width:84px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td colspan="4" style="width: 191px; text-align:center;border-color:#000000;min-width:191px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Six-month period ended June 30,</font></td></tr><tr style="height: 17px"><td style="width: 35px; text-align:left;border-color:#000000;min-width:35px;"> </td><td style="width: 388px; text-align:left;border-color:#000000;min-width:388px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Statement of Operations</font></td><td style="width: 29px; text-align:left;border-color:#000000;min-width:29px;"> </td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 84px; text-align:center;border-color:#000000;min-width:84px;"> </td><td style="width: 14px; text-align:center;border-color:#000000;min-width:14px;"> </td><td style="width: 84px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:84px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2013</font></td><td style="width: 5px; text-align:center;border-color:#000000;min-width:5px;"> </td><td style="width: 16px; text-align:center;border-color:#000000;min-width:16px;"> </td><td style="width: 86px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:86px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2014</font></td></tr><tr style="height: 17px"><td style="width: 35px; text-align:left;border-color:#000000;min-width:35px;"> </td><td style="width: 388px; text-align:left;border-color:#000000;min-width:388px;"> </td><td style="width: 29px; text-align:left;border-color:#000000;min-width:29px;"> </td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 84px; text-align:left;border-color:#000000;min-width:84px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">$</font></td><td style="width: 84px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:84px;"> </td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">$</font></td><td style="width: 86px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:86px;"> </td></tr><tr style="height: 17px"><td style="width: 35px; text-align:left;border-color:#000000;min-width:35px;"> </td><td style="width: 388px; text-align:left;border-color:#000000;min-width:388px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Service Revenue, net - Cardiff Drilling Inc.</font></td><td style="width: 29px; text-align:left;border-color:#000000;min-width:29px;"> </td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 84px; text-align:left;border-color:#000000;min-width:84px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 84px; text-align:right;border-color:#000000;min-width:84px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> (4,198)</font></td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 86px; text-align:right;border-color:#000000;min-width:86px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> (7,729)</font></td></tr><tr style="height: 17px"><td style="width: 35px; text-align:left;border-color:#000000;min-width:35px;"> </td><td style="width: 388px; text-align:left;border-color:#000000;min-width:388px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">General and administrative expenses:</font></td><td style="width: 29px; text-align:left;border-color:#000000;min-width:29px;"> </td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 84px; text-align:left;border-color:#000000;min-width:84px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 84px; text-align:left;border-color:#000000;min-width:84px;"> </td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 86px; text-align:left;border-color:#000000;min-width:86px;"> </td></tr><tr style="height: 17px"><td style="width: 35px; text-align:left;border-color:#000000;min-width:35px;"> </td><td style="width: 388px; text-align:left;border-color:#000000;min-width:388px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;"> -Vivid Finance Limited</font></td><td style="width: 29px; text-align:left;border-color:#000000;min-width:29px;"> </td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 84px; text-align:left;border-color:#000000;min-width:84px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 84px; text-align:right;border-color:#000000;min-width:84px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 5,738</font></td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 86px; text-align:right;border-color:#000000;min-width:86px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 5,706</font></td></tr><tr style="height: 17px"><td style="width: 35px; text-align:left;border-color:#000000;min-width:35px;"> </td><td style="width: 388px; text-align:left;border-color:#000000;min-width:388px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;"> -Azara</font></td><td style="width: 29px; text-align:left;border-color:#000000;min-width:29px;"> </td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 84px; text-align:left;border-color:#000000;min-width:84px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 84px; text-align:right;border-color:#000000;min-width:84px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> -</font></td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 86px; text-align:right;border-color:#000000;min-width:86px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 1,250</font></td></tr><tr style="height: 17px"><td style="width: 35px; text-align:left;border-color:#000000;min-width:35px;"> </td><td style="width: 388px; text-align:left;border-color:#000000;min-width:388px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;"> -Basset</font></td><td style="width: 29px; text-align:left;border-color:#000000;min-width:29px;"> </td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 84px; text-align:left;border-color:#000000;min-width:84px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 84px; text-align:right;border-color:#000000;min-width:84px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 566</font></td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 86px; text-align:right;border-color:#000000;min-width:86px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 616</font></td></tr><tr style="height: 22px"><td style="width: 35px; text-align:left;border-color:#000000;min-width:35px;"> </td><td style="width: 388px; text-align:left;border-color:#000000;min-width:388px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> -Amortization of CEO's stock based compensation</font></td><td style="width: 29px; text-align:left;border-color:#000000;min-width:29px;"> </td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 84px; text-align:left;border-color:#000000;min-width:84px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">$</font></td><td style="width: 84px; text-align:right;border-color:#000000;min-width:84px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> -</font></td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">$</font></td><td style="width: 86px; text-align:right;border-color:#000000;min-width:86px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 653</font></td></tr><tr style="height: 30px"><td style="width: 35px; text-align:left;border-color:#000000;min-width:35px;"> </td><td style="width: 388px; text-align:left;border-color:#000000;min-width:388px;"> </td><td style="width: 29px; text-align:left;border-color:#000000;min-width:29px;"> </td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 84px; text-align:left;border-color:#000000;min-width:84px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 84px; text-align:right;border-color:#000000;min-width:84px;"> </td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 86px; text-align:right;border-color:#000000;min-width:86px;"> </td></tr><tr style="height: 17px"><td style="width: 35px; text-align:left;border-color:#000000;min-width:35px;"> </td><td style="width: 388px; text-align:left;border-color:#000000;min-width:388px;"> </td><td style="width: 29px; text-align:left;border-color:#000000;min-width:29px;"> </td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 84px; text-align:left;border-color:#000000;min-width:84px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 84px; text-align:right;border-color:#000000;min-width:84px;"> </td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 86px; text-align:right;border-color:#000000;min-width:86px;"> </td></tr><tr style="height: 17px"><td style="width: 35px; text-align:left;border-color:#000000;min-width:35px;"> </td><td style="width: 388px; text-align:left;border-color:#000000;min-width:388px;"> </td><td style="width: 29px; text-align:left;border-color:#000000;min-width:29px;"> </td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 84px; text-align:left;border-color:#000000;min-width:84px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 84px; text-align:right;border-color:#000000;min-width:84px;"> </td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 86px; text-align:right;border-color:#000000;min-width:86px;"> </td></tr></table></div>
0.0100
0.0075
0.0020
900000
1200000
3000000
P2Y
P5Y
150000
50000
50000
17.56
50000
2500000
8616000
76986000
15902000
9032000
7699000
15798000
19933000
101783000
23729000
435000
19497000
0
<div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 251px; text-align:left;border-color:#000000;min-width:251px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">4. Other Current Assets:</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 58px; text-align:left;border-color:#000000;min-width:58px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 58px; text-align:left;border-color:#000000;min-width:58px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 251px; text-align:left;border-color:#000000;min-width:251px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 58px; text-align:left;border-color:#000000;min-width:58px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 58px; text-align:left;border-color:#000000;min-width:58px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 41px"><td colspan="7" style="width: 470px; text-align:left;border-color:#000000;min-width:470px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">The amount of other current assets shown in the accompanying unaudited interim condensed consolidated balance sheets is analyzed as follows:</font></td></tr><tr style="height: 17px"><td style="width: 251px; text-align:center;border-color:#000000;min-width:251px;"> </td><td style="width: 11px; text-align:center;border-color:#000000;min-width:11px;"> </td><td style="width: 58px; text-align:center;border-color:#000000;min-width:58px;"> </td><td style="width: 14px; text-align:center;border-color:#000000;min-width:14px;"> </td><td style="width: 14px; text-align:center;border-color:#000000;min-width:14px;"> </td><td style="width: 58px; text-align:center;border-color:#000000;min-width:58px;"> </td><td style="width: 64px; text-align:center;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 21px"><td style="width: 251px; text-align:left;border-color:#000000;min-width:251px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">December 31,</font></td><td style="width: 58px; text-align:left;border-color:#000000;min-width:58px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 58px; text-align:left;border-color:#000000;min-width:58px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">June 30,</font></td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 251px; text-align:left;border-color:#000000;min-width:251px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 58px; text-align:center;border-color:#000000;min-width:58px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2013</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 14px; text-align:center;border-color:#000000;min-width:14px;"> </td><td style="width: 58px; text-align:center;border-color:#000000;min-width:58px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2014</font></td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 251px; text-align:left;border-color:#000000;min-width:251px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Inventories</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">$</font></td><td style="width: 58px; text-align:right;border-color:#000000;min-width:58px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 8,616</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 58px; text-align:right;border-color:#000000;min-width:58px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 7,699</font></td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 251px; text-align:left;border-color:#000000;min-width:251px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Deferred mobilization expenses</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 58px; text-align:right;border-color:#000000;min-width:58px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">76,986</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;"> </td><td style="width: 58px; text-align:right;border-color:#000000;min-width:58px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 101,783</font></td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 251px; text-align:left;border-color:#000000;min-width:251px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Prepayments and advances</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 58px; text-align:right;border-color:#000000;min-width:58px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">15,902</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;"> </td><td style="width: 58px; text-align:right;border-color:#000000;min-width:58px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 19,933</font></td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 251px; text-align:left;border-color:#000000;min-width:251px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Insurance claims (Note 14)</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 58px; text-align:right;border-color:#000000;min-width:58px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 435</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;"> </td><td style="width: 58px; text-align:right;border-color:#000000;min-width:58px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 23,729</font></td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 251px; text-align:left;border-color:#000000;min-width:251px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Deferred financing costs</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 58px; text-align:right;border-color:#000000;min-width:58px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> -</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 58px; text-align:right;border-color:#000000;min-width:58px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 19,497</font></td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 251px; text-align:left;border-color:#000000;min-width:251px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Other</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 58px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:58px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">9,032</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;"> </td><td style="width: 58px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:58px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 15,798</font></td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 26px"><td style="width: 251px; text-align:left;border-color:#000000;min-width:251px;"> </td><td style="width: 11px; border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:11px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">$</font></td><td style="width: 58px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:58px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 110,971</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 14px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:14px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 58px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:58px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 188,439</font></td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr></table></div>
<div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 21px"><td style="width: 251px; text-align:left;border-color:#000000;min-width:251px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">December 31,</font></td><td style="width: 58px; text-align:left;border-color:#000000;min-width:58px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 58px; text-align:left;border-color:#000000;min-width:58px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">June 30,</font></td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 251px; text-align:left;border-color:#000000;min-width:251px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 58px; text-align:center;border-color:#000000;min-width:58px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2013</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 14px; text-align:center;border-color:#000000;min-width:14px;"> </td><td style="width: 58px; text-align:center;border-color:#000000;min-width:58px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2014</font></td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 251px; text-align:left;border-color:#000000;min-width:251px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Inventories</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">$</font></td><td style="width: 58px; text-align:right;border-color:#000000;min-width:58px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 8,616</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 58px; text-align:right;border-color:#000000;min-width:58px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 7,699</font></td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 251px; text-align:left;border-color:#000000;min-width:251px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Deferred mobilization expenses</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 58px; text-align:right;border-color:#000000;min-width:58px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">76,986</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;"> </td><td style="width: 58px; text-align:right;border-color:#000000;min-width:58px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 101,783</font></td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 251px; text-align:left;border-color:#000000;min-width:251px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Prepayments and advances</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 58px; text-align:right;border-color:#000000;min-width:58px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">15,902</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;"> </td><td style="width: 58px; text-align:right;border-color:#000000;min-width:58px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 19,933</font></td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 251px; text-align:left;border-color:#000000;min-width:251px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Insurance claims (Note 14)</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 58px; text-align:right;border-color:#000000;min-width:58px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 435</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;"> </td><td style="width: 58px; text-align:right;border-color:#000000;min-width:58px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 23,729</font></td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 251px; text-align:left;border-color:#000000;min-width:251px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Deferred financing costs</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 58px; text-align:right;border-color:#000000;min-width:58px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> -</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 58px; text-align:right;border-color:#000000;min-width:58px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 19,497</font></td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 251px; text-align:left;border-color:#000000;min-width:251px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Other</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 58px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:58px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">9,032</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;"> </td><td style="width: 58px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:58px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 15,798</font></td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 26px"><td style="width: 251px; text-align:left;border-color:#000000;min-width:251px;"> </td><td style="width: 11px; border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:11px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">$</font></td><td style="width: 58px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:58px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 110,971</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 14px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:14px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 58px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:58px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 188,439</font></td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr></table></div>
<p style='margin-top:0pt; margin-bottom:10pt'><font style="font-family:Calibri;font-size:10pt;font-weight:bold;margin-left:0px;">5. Advances for </font><font style="font-family:Calibri;font-size:10pt;font-weight:bold;">drillships</font><font style="font-family:Calibri;font-size:10pt;font-weight:bold;"> under construction and related costs:</font></p><p style='margin-top:0pt; margin-bottom:10pt'> </p><p style='margin-top:0pt; margin-bottom:10pt'><font style="font-family:Calibri;font-size:10pt;margin-left:0px;">The amounts shown in the accompanying consolidated balance sheets include milestone payments under the shipbuilding contracts with the shipyards, supervision costs and any material related expenses incurred during the construction periods, all of which are capitalized in accordance with the accounting policy discussed in Note 2 of the Consolidated Financial Statements for the year ended December 31, 2013.</font></p><p style='margin-top:0pt; margin-bottom:10pt'><font style="font-family:Calibri;font-size:10pt;margin-left:0px;">The movement of the account during the six month period ended June 30, 2014 was as follows:</font></p><p style='margin-top:0pt; margin-bottom:10pt'> </p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 21px; text-align:left;border-color:#000000;min-width:21px;"> </td><td style="width: 404px; text-align:left;border-color:#000000;min-width:404px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td colspan="4" rowspan="2" style="width: 105px; text-align:center;border-color:#000000;min-width:105px;"> </td></tr><tr style="height: 18px"><td style="width: 21px; text-align:left;border-color:#000000;min-width:21px;"> </td><td style="width: 404px; text-align:left;border-color:#000000;min-width:404px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 16px; text-align:center;border-color:#000000;min-width:16px;"> </td><td style="width: 23px; text-align:center;border-color:#000000;min-width:23px;"> </td></tr><tr style="height: 17px"><td style="width: 21px; text-align:left;border-color:#000000;min-width:21px;"> </td><td style="width: 404px; text-align:left;border-color:#000000;min-width:404px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 66px; text-align:center;border-color:#000000;min-width:66px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 23px; text-align:left;border-color:#000000;min-width:23px;"> </td></tr><tr style="height: 16px"><td style="width: 21px; text-align:left;border-color:#000000;min-width:21px;"> </td><td style="width: 404px; text-align:left;border-color:#000000;min-width:404px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Balance, December 31, 2013</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Arial;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 66px; text-align:right;border-color:#000000;min-width:66px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 662,313</font></td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 23px; text-align:left;border-color:#000000;min-width:23px;"> </td></tr><tr style="height: 17px"><td style="width: 21px; text-align:left;border-color:#000000;min-width:21px;"> </td><td style="width: 404px; text-align:left;border-color:#000000;min-width:404px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Advances for drillships under construction and related costs</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 66px; text-align:right;border-color:#000000;min-width:66px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 631,201</font></td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 23px; text-align:left;border-color:#000000;min-width:23px;"> </td></tr><tr style="height: 17px"><td style="width: 21px; text-align:left;border-color:#000000;min-width:21px;"> </td><td style="width: 404px; text-align:left;border-color:#000000;min-width:404px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Drillships delivered</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 66px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:66px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> (731,636)</font></td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 23px; text-align:left;border-color:#000000;min-width:23px;"> </td></tr><tr style="height: 17px"><td style="width: 21px; text-align:left;border-color:#000000;min-width:21px;"> </td><td style="width: 404px; text-align:left;border-color:#000000;min-width:404px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Balance, June 30, 2014</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Arial;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 66px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:66px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 561,878</font></td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 23px; text-align:left;border-color:#000000;min-width:23px;"> </td></tr><tr style="height: 17px"><td style="width: 21px; text-align:left;border-color:#000000;min-width:21px;"> </td><td style="width: 404px; text-align:left;border-color:#000000;min-width:404px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 66px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:66px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 23px; text-align:left;border-color:#000000;min-width:23px;"> </td></tr><tr style="height: 17px"><td style="width: 21px; text-align:left;border-color:#000000;min-width:21px;"> </td><td style="width: 404px; text-align:left;border-color:#000000;min-width:404px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 66px; text-align:left;border-color:#000000;min-width:66px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 23px; text-align:left;border-color:#000000;min-width:23px;"> </td></tr><tr style="height: 17px"><td style="width: 21px; text-align:left;border-color:#000000;min-width:21px;"> </td><td style="width: 404px; text-align:left;border-color:#000000;min-width:404px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 66px; text-align:left;border-color:#000000;min-width:66px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 23px; text-align:left;border-color:#000000;min-width:23px;"> </td></tr><tr style="height: 17px"><td style="width: 21px; text-align:left;border-color:#000000;min-width:21px;"> </td><td style="width: 404px; text-align:left;border-color:#000000;min-width:404px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 66px; text-align:left;border-color:#000000;min-width:66px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 23px; text-align:left;border-color:#000000;min-width:23px;"> </td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">The </font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">Ocean Rig Apollo</font><font style="font-family:Times New Roman;font-size:10pt;"> and the </font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">Ocean Rig </font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">Santorini</font><font style="font-family:Times New Roman;font-size:10pt;">, for which the Company has paid $235,656 and $127,000, respectively, to the yard, are scheduled to be delivered in January 2015 and June 2016, respectively.</font><font style="font-family:Times New Roman;font-size:8pt;">  </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">On April 8, 2014, two contracts between Drillship Crete Owners Inc. and Drillship </font><font style="font-family:Times New Roman;font-size:10pt;">Amorgos</font><font style="font-family:Times New Roman;font-size:10pt;"> Owners Inc., two wholly owned subsidiaries of the Company and Samsung Heavy Industries Co., Ltd (“Samsung”) became effective,</font><font style="font-family:Times New Roman;font-size:10pt;"> for the construction of</font><font style="font-family:Times New Roman;font-size:10pt;"> two 7th generation new integrated design </font><font style="font-family:Times New Roman;font-size:10pt;">drillships</font><font style="font-family:Times New Roman;font-size:10pt;"> at Samsung and paid $76,600 as first installment to the yard for each of the new </font><font style="font-family:Times New Roman;font-size:10pt;">drillships</font><font style="font-family:Times New Roman;font-size:10pt;">. The </font><font style="font-family:Times New Roman;font-size:10pt;">drillships</font><font style="font-family:Times New Roman;font-size:10pt;"> are scheduled to be delivered to the Company in February 2017 and June 2017, respectively. T</font><font style="font-family:Times New Roman;font-size:10pt;">he t</font><font style="font-family:Times New Roman;font-size:10pt;">otal project cost is approximately $685,000 per drillship.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p>
631201000
731636000
<div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 18px"><td style="width: 21px; text-align:left;border-color:#000000;min-width:21px;"> </td><td style="width: 404px; text-align:left;border-color:#000000;min-width:404px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td colspan="4" style="width: 105px; text-align:center;border-color:#000000;min-width:105px;"> </td></tr><tr style="height: 17px"><td style="width: 21px; text-align:left;border-color:#000000;min-width:21px;"> </td><td style="width: 404px; text-align:left;border-color:#000000;min-width:404px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 66px; text-align:center;border-color:#000000;min-width:66px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 23px; text-align:left;border-color:#000000;min-width:23px;"> </td></tr><tr style="height: 16px"><td style="width: 21px; text-align:left;border-color:#000000;min-width:21px;"> </td><td style="width: 404px; text-align:left;border-color:#000000;min-width:404px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Balance, December 31, 2013</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Arial;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 66px; text-align:right;border-color:#000000;min-width:66px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 662,313</font></td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 23px; text-align:left;border-color:#000000;min-width:23px;"> </td></tr><tr style="height: 17px"><td style="width: 21px; text-align:left;border-color:#000000;min-width:21px;"> </td><td style="width: 404px; text-align:left;border-color:#000000;min-width:404px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Advances for drillships under construction and related costs</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 66px; text-align:right;border-color:#000000;min-width:66px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 631,201</font></td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 23px; text-align:left;border-color:#000000;min-width:23px;"> </td></tr><tr style="height: 17px"><td style="width: 21px; text-align:left;border-color:#000000;min-width:21px;"> </td><td style="width: 404px; text-align:left;border-color:#000000;min-width:404px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Drillships delivered</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 66px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:66px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> (731,636)</font></td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 23px; text-align:left;border-color:#000000;min-width:23px;"> </td></tr><tr style="height: 17px"><td style="width: 21px; text-align:left;border-color:#000000;min-width:21px;"> </td><td style="width: 404px; text-align:left;border-color:#000000;min-width:404px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Balance, June 30, 2014</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Arial;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 66px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:66px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 561,878</font></td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 23px; text-align:left;border-color:#000000;min-width:23px;"> </td></tr><tr style="height: 17px"><td style="width: 21px; text-align:left;border-color:#000000;min-width:21px;"> </td><td style="width: 404px; text-align:left;border-color:#000000;min-width:404px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 66px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:66px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 23px; text-align:left;border-color:#000000;min-width:23px;"> </td></tr><tr style="height: 17px"><td style="width: 21px; text-align:left;border-color:#000000;min-width:21px;"> </td><td style="width: 404px; text-align:left;border-color:#000000;min-width:404px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 66px; text-align:left;border-color:#000000;min-width:66px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 23px; text-align:left;border-color:#000000;min-width:23px;"> </td></tr><tr style="height: 17px"><td style="width: 21px; text-align:left;border-color:#000000;min-width:21px;"> </td><td style="width: 404px; text-align:left;border-color:#000000;min-width:404px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 66px; text-align:left;border-color:#000000;min-width:66px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 23px; text-align:left;border-color:#000000;min-width:23px;"> </td></tr><tr style="height: 17px"><td style="width: 21px; text-align:left;border-color:#000000;min-width:21px;"> </td><td style="width: 404px; text-align:left;border-color:#000000;min-width:404px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 66px; text-align:left;border-color:#000000;min-width:66px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 23px; text-align:left;border-color:#000000;min-width:23px;"> </td></tr></table></div>
January 2015
June 2016
127000000
235656000
685000000
76600000
February 2017
June 2017
0
-156850000
-156850000
7325066000
-958765000
6578940000
-801915000
746126000
0
746126000
5777025000
6366301000
<div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td colspan="9" style="width: 536px; text-align:left;border-color:#000000;min-width:536px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">6. Drilling rigs, drillships, machinery and equipment, net:</font></td><td style="width: 70px; text-align:left;border-color:#000000;min-width:70px;"> </td></tr><tr style="height: 17px"><td style="width: 321px; text-align:left;border-color:#000000;min-width:321px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 70px; text-align:left;border-color:#000000;min-width:70px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 78px; text-align:left;border-color:#000000;min-width:78px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 70px; text-align:left;border-color:#000000;min-width:70px;"> </td></tr><tr style="height: 17px"><td colspan="9" style="width: 536px; text-align:left;border-color:#000000;min-width:536px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">The amounts in the accompanying consolidated balance sheets are analyzed as follows:</font></td><td style="width: 70px; text-align:left;border-color:#000000;min-width:70px;"> </td></tr><tr style="height: 17px"><td style="width: 321px; text-align:left;border-color:#000000;min-width:321px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 70px; text-align:left;border-color:#000000;min-width:70px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 78px; text-align:left;border-color:#000000;min-width:78px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 70px; text-align:left;border-color:#000000;min-width:70px;"> </td></tr><tr style="height: 36px"><td style="width: 321px; text-align:left;border-color:#000000;min-width:321px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:70px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Cost</font></td><td style="width: 11px; text-align:center;border-color:#000000;min-width:11px;"> </td><td style="width: 14px; text-align:center;border-color:#000000;min-width:14px;"> </td><td style="width: 78px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:78px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Accumulated
Depreciation</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 14px; text-align:center;border-color:#000000;min-width:14px;"> </td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:70px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Net Book
Value</font></td></tr><tr style="height: 17px"><td style="width: 321px; text-align:left;border-color:#000000;min-width:321px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Balance December 31,2013</font></td><td style="width: 14px; text-align:center;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 6,578,940</font></td><td style="width: 11px; text-align:right;border-color:#000000;min-width:11px;"> </td><td style="width: 14px; text-align:center;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 78px; text-align:right;border-color:#000000;min-width:78px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (801,915)</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 14px; text-align:center;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 5,777,025</font></td></tr><tr style="height: 17px"><td style="width: 321px; text-align:left;border-color:#000000;min-width:321px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Additions / Transfer from drillships under construction</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 746,126</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 78px; text-align:right;border-color:#000000;min-width:78px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> -</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 746,126</font></td></tr><tr style="height: 17px"><td style="width: 321px; text-align:left;border-color:#000000;min-width:321px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Depreciation </font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> -</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 78px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:78px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (156,850)</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;"> </td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (156,850)</font></td></tr><tr style="height: 17px"><td style="width: 321px; text-align:left;border-color:#000000;min-width:321px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Balance June 30,2014</font></td><td style="width: 14px; border-bottom-style:double;border-bottom-width:3px;text-align:center;border-color:#000000;min-width:14px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 7,325,066</font></td><td style="width: 11px; text-align:right;border-color:#000000;min-width:11px;"> </td><td style="width: 14px; border-bottom-style:double;border-bottom-width:3px;text-align:center;border-color:#000000;min-width:14px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 78px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:78px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (958,765)</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 14px; border-bottom-style:double;border-bottom-width:3px;text-align:center;border-color:#000000;min-width:14px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 6,366,301</font></td></tr><tr style="height: 17px"><td style="width: 321px; text-align:left;border-color:#000000;min-width:321px;"> </td><td style="width: 14px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 70px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:70px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 14px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 78px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:78px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 14px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 70px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:70px;"> </td></tr><tr style="height: 17px"><td style="width: 321px; text-align:left;border-color:#000000;min-width:321px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 70px; text-align:left;border-color:#000000;min-width:70px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 78px; text-align:left;border-color:#000000;min-width:78px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 70px; text-align:left;border-color:#000000;min-width:70px;"> </td></tr><tr style="height: 17px"><td style="width: 321px; text-align:left;border-color:#000000;min-width:321px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 70px; text-align:left;border-color:#000000;min-width:70px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 78px; text-align:left;border-color:#000000;min-width:78px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 70px; text-align:left;border-color:#000000;min-width:70px;"> </td></tr><tr style="height: 51px"><td style="width: 321px; text-align:left;border-color:#000000;min-width:321px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 70px; text-align:left;border-color:#000000;min-width:70px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 78px; text-align:left;border-color:#000000;min-width:78px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 70px; text-align:left;border-color:#000000;min-width:70px;"> </td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">As of June 30, 2014, all of the Company's operating drilling rigs and </font><font style="font-family:Times New Roman;font-size:10pt;">drillships</font><font style="font-family:Times New Roman;font-size:10pt;"> have been pledged as collateral to secure bank loans, the Company's 6.50% senior secured notes due 2017 and</font><font style="font-family:Times New Roman;font-size:10pt;"> the</font><font style="font-family:Times New Roman;font-size:10pt;"> term loan B facility (Note 8).</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p>
<div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 36px"><td style="width: 321px; text-align:left;border-color:#000000;min-width:321px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:70px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Cost</font></td><td style="width: 11px; text-align:center;border-color:#000000;min-width:11px;"> </td><td style="width: 14px; text-align:center;border-color:#000000;min-width:14px;"> </td><td style="width: 78px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:78px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Accumulated
Depreciation</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 14px; text-align:center;border-color:#000000;min-width:14px;"> </td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:70px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Net Book
Value</font></td></tr><tr style="height: 17px"><td style="width: 321px; text-align:left;border-color:#000000;min-width:321px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Balance December 31,2013</font></td><td style="width: 14px; text-align:center;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 6,578,940</font></td><td style="width: 11px; text-align:right;border-color:#000000;min-width:11px;"> </td><td style="width: 14px; text-align:center;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 78px; text-align:right;border-color:#000000;min-width:78px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (801,915)</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 14px; text-align:center;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 5,777,025</font></td></tr><tr style="height: 17px"><td style="width: 321px; text-align:left;border-color:#000000;min-width:321px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Additions / Transfer from drillships under construction</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 746,126</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 78px; text-align:right;border-color:#000000;min-width:78px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> -</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 746,126</font></td></tr><tr style="height: 17px"><td style="width: 321px; text-align:left;border-color:#000000;min-width:321px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Depreciation </font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> -</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 78px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:78px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (156,850)</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;"> </td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (156,850)</font></td></tr><tr style="height: 17px"><td style="width: 321px; text-align:left;border-color:#000000;min-width:321px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Balance June 30,2014</font></td><td style="width: 14px; border-bottom-style:double;border-bottom-width:3px;text-align:center;border-color:#000000;min-width:14px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 7,325,066</font></td><td style="width: 11px; text-align:right;border-color:#000000;min-width:11px;"> </td><td style="width: 14px; border-bottom-style:double;border-bottom-width:3px;text-align:center;border-color:#000000;min-width:14px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 78px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:78px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (958,765)</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 14px; border-bottom-style:double;border-bottom-width:3px;text-align:center;border-color:#000000;min-width:14px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 6,366,301</font></td></tr><tr style="height: 17px"><td style="width: 321px; text-align:left;border-color:#000000;min-width:321px;"> </td><td style="width: 14px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 70px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:70px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 14px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 78px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:78px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 14px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 70px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:70px;"> </td></tr><tr style="height: 17px"><td style="width: 321px; text-align:left;border-color:#000000;min-width:321px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 70px; text-align:left;border-color:#000000;min-width:70px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 78px; text-align:left;border-color:#000000;min-width:78px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 70px; text-align:left;border-color:#000000;min-width:70px;"> </td></tr><tr style="height: 17px"><td style="width: 321px; text-align:left;border-color:#000000;min-width:321px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 70px; text-align:left;border-color:#000000;min-width:70px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 78px; text-align:left;border-color:#000000;min-width:78px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 70px; text-align:left;border-color:#000000;min-width:70px;"> </td></tr><tr style="height: 51px"><td style="width: 321px; text-align:left;border-color:#000000;min-width:321px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 70px; text-align:left;border-color:#000000;min-width:70px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 78px; text-align:left;border-color:#000000;min-width:78px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 70px; text-align:left;border-color:#000000;min-width:70px;"> </td></tr></table></div>
0
7525000
72624000
75532000
48097000
21554000
<div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 26px"><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 46px; text-align:left;border-color:#000000;min-width:46px;"> </td><td style="width: 265px; text-align:left;border-color:#000000;min-width:265px;"> </td><td style="width: 18px; text-align:left;border-color:#000000;min-width:18px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 90px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:90px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7.5.5pt;COLOR: #000000;TEXT-ALIGN: center;">December 31, 2013</font></td><td style="width: 23px; text-align:left;border-color:#000000;min-width:23px;"> </td><td style="width: 22px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:22px;"> </td><td style="width: 67px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:67px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7.5.5pt;COLOR: #000000;TEXT-ALIGN: center;">June 30, 2014</font></td></tr><tr style="height: 23px"><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 46px; text-align:left;border-color:#000000;min-width:46px;"> </td><td style="width: 265px; text-align:left;border-color:#000000;min-width:265px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Deferred mobilization expenses</font></td><td style="width: 18px; text-align:left;border-color:#000000;min-width:18px;"> </td><td style="width: 14px; text-align:center;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 90px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:90px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 72,624</font></td><td style="width: 23px; text-align:left;border-color:#000000;min-width:23px;"> </td><td style="width: 22px; border-top-style:solid;border-top-width:2px;text-align:center;border-color:#000000;min-width:22px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 67px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:67px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 75,532</font></td></tr><tr style="height: 23px"><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 46px; text-align:left;border-color:#000000;min-width:46px;"> </td><td style="width: 265px; text-align:left;border-color:#000000;min-width:265px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Prepaid investments</font></td><td style="width: 18px; text-align:left;border-color:#000000;min-width:18px;"> </td><td style="width: 14px; text-align:center;border-color:#000000;min-width:14px;"> </td><td style="width: 90px; text-align:right;border-color:#000000;min-width:90px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 21,554</font></td><td style="width: 23px; text-align:left;border-color:#000000;min-width:23px;"> </td><td style="width: 22px; text-align:center;border-color:#000000;min-width:22px;"> </td><td style="width: 67px; text-align:right;border-color:#000000;min-width:67px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 48,097</font></td></tr><tr style="height: 20px"><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 46px; text-align:left;border-color:#000000;min-width:46px;"> </td><td style="width: 265px; text-align:left;border-color:#000000;min-width:265px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Other </font></td><td style="width: 18px; text-align:left;border-color:#000000;min-width:18px;"> </td><td style="width: 14px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:14px;"> </td><td style="width: 90px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:90px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 7,525</font></td><td style="width: 23px; text-align:left;border-color:#000000;min-width:23px;"> </td><td style="width: 22px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:22px;"> </td><td style="width: 67px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:67px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> -</font></td></tr><tr style="height: 20px"><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 46px; text-align:left;border-color:#000000;min-width:46px;"> </td><td style="width: 265px; text-align:left;border-color:#000000;min-width:265px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Total</font></td><td style="width: 18px; text-align:left;border-color:#000000;min-width:18px;"> </td><td style="width: 14px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:center;border-color:#000000;min-width:14px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 90px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:90px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 101,703</font></td><td style="width: 23px; text-align:left;border-color:#000000;min-width:23px;"> </td><td style="width: 22px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:center;border-color:#000000;min-width:22px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 67px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:67px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 123,629</font></td></tr></table></div>
<div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 20px"><td colspan="9" style="width: 585px; text-align:left;border-color:#000000;min-width:585px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">7. Other non-current assets:</font></td></tr><tr style="height: 20px"><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 46px; text-align:left;border-color:#000000;min-width:46px;"> </td><td style="width: 265px; text-align:left;border-color:#000000;min-width:265px;"> </td><td style="width: 18px; text-align:left;border-color:#000000;min-width:18px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 90px; text-align:left;border-color:#000000;min-width:90px;"> </td><td style="width: 23px; text-align:left;border-color:#000000;min-width:23px;"> </td><td style="width: 22px; text-align:left;border-color:#000000;min-width:22px;"> </td><td style="width: 67px; text-align:left;border-color:#000000;min-width:67px;"> </td></tr><tr style="height: 34px"><td colspan="9" style="width: 585px; text-align:left;border-color:#000000;min-width:585px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">The amount of other non-current assets shown in the accompanying consolidated balance sheets is analyzed as follows:</font></td></tr><tr style="height: 20px"><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 46px; text-align:left;border-color:#000000;min-width:46px;"> </td><td style="width: 265px; text-align:left;border-color:#000000;min-width:265px;"> </td><td style="width: 18px; text-align:left;border-color:#000000;min-width:18px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 90px; text-align:left;border-color:#000000;min-width:90px;"> </td><td style="width: 23px; text-align:left;border-color:#000000;min-width:23px;"> </td><td style="width: 22px; text-align:left;border-color:#000000;min-width:22px;"> </td><td style="width: 67px; text-align:left;border-color:#000000;min-width:67px;"> </td></tr><tr style="height: 26px"><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 46px; text-align:left;border-color:#000000;min-width:46px;"> </td><td style="width: 265px; text-align:left;border-color:#000000;min-width:265px;"> </td><td style="width: 18px; text-align:left;border-color:#000000;min-width:18px;"> </td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> </td><td style="width: 90px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:90px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7.5.5pt;COLOR: #000000;TEXT-ALIGN: center;">December 31, 2013</font></td><td style="width: 23px; text-align:left;border-color:#000000;min-width:23px;"> </td><td style="width: 22px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:22px;"> </td><td style="width: 67px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:67px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7.5.5pt;COLOR: #000000;TEXT-ALIGN: center;">June 30, 2014</font></td></tr><tr style="height: 23px"><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 46px; text-align:left;border-color:#000000;min-width:46px;"> </td><td style="width: 265px; text-align:left;border-color:#000000;min-width:265px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Deferred mobilization expenses</font></td><td style="width: 18px; text-align:left;border-color:#000000;min-width:18px;"> </td><td style="width: 14px; text-align:center;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 90px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:90px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 72,624</font></td><td style="width: 23px; text-align:left;border-color:#000000;min-width:23px;"> </td><td style="width: 22px; border-top-style:solid;border-top-width:2px;text-align:center;border-color:#000000;min-width:22px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 67px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:67px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 75,532</font></td></tr><tr style="height: 23px"><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 46px; text-align:left;border-color:#000000;min-width:46px;"> </td><td style="width: 265px; text-align:left;border-color:#000000;min-width:265px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Prepaid investments</font></td><td style="width: 18px; text-align:left;border-color:#000000;min-width:18px;"> </td><td style="width: 14px; text-align:center;border-color:#000000;min-width:14px;"> </td><td style="width: 90px; text-align:right;border-color:#000000;min-width:90px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 21,554</font></td><td style="width: 23px; text-align:left;border-color:#000000;min-width:23px;"> </td><td style="width: 22px; text-align:center;border-color:#000000;min-width:22px;"> </td><td style="width: 67px; text-align:right;border-color:#000000;min-width:67px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 48,097</font></td></tr><tr style="height: 20px"><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 46px; text-align:left;border-color:#000000;min-width:46px;"> </td><td style="width: 265px; text-align:left;border-color:#000000;min-width:265px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Other </font></td><td style="width: 18px; text-align:left;border-color:#000000;min-width:18px;"> </td><td style="width: 14px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:14px;"> </td><td style="width: 90px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:90px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 7,525</font></td><td style="width: 23px; text-align:left;border-color:#000000;min-width:23px;"> </td><td style="width: 22px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:22px;"> </td><td style="width: 67px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:67px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> -</font></td></tr><tr style="height: 20px"><td style="width: 40px; text-align:left;border-color:#000000;min-width:40px;"> </td><td style="width: 46px; text-align:left;border-color:#000000;min-width:46px;"> </td><td style="width: 265px; text-align:left;border-color:#000000;min-width:265px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Total</font></td><td style="width: 18px; text-align:left;border-color:#000000;min-width:18px;"> </td><td style="width: 14px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:center;border-color:#000000;min-width:14px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 90px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:90px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 101,703</font></td><td style="width: 23px; text-align:left;border-color:#000000;min-width:23px;"> </td><td style="width: 22px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:center;border-color:#000000;min-width:22px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 67px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:67px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 123,629</font></td></tr></table></div>
3993236000
76739000
4397432000
500000000
0
800000000
800000000
92014000
500000000
0
<div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 229px; text-align:left;border-color:#000000;min-width:229px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">8. Long-term Debt: </font></td><td style="width: 29px; text-align:center;border-color:#000000;min-width:29px;"> </td><td style="width: 85px; text-align:left;border-color:#000000;min-width:85px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 27px; text-align:left;border-color:#000000;min-width:27px;"> </td><td style="width: 80px; text-align:left;border-color:#000000;min-width:80px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 229px; text-align:left;border-color:#000000;min-width:229px;"> </td><td style="width: 29px; text-align:center;border-color:#000000;min-width:29px;"> </td><td style="width: 85px; text-align:left;border-color:#000000;min-width:85px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 27px; text-align:left;border-color:#000000;min-width:27px;"> </td><td style="width: 80px; text-align:left;border-color:#000000;min-width:80px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td colspan="6" style="width: 354px; text-align:left;border-color:#000000;min-width:354px;"> </td><td style="width: 27px; text-align:left;border-color:#000000;min-width:27px;"> </td><td style="width: 80px; text-align:left;border-color:#000000;min-width:80px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 229px; text-align:left;border-color:#000000;min-width:229px;"> </td><td style="width: 29px; text-align:center;border-color:#000000;min-width:29px;"> </td><td style="width: 85px; text-align:left;border-color:#000000;min-width:85px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 27px; text-align:left;border-color:#000000;min-width:27px;"> </td><td style="width: 80px; text-align:left;border-color:#000000;min-width:80px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 40px"><td style="width: 229px; text-align:left;border-color:#000000;min-width:229px;"> </td><td style="width: 29px; text-align:center;border-color:#000000;min-width:29px;"> </td><td style="width: 85px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7.5.5pt;COLOR: #000000;TEXT-ALIGN: center;">December 31,
2013</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 27px; text-align:left;border-color:#000000;min-width:27px;"> </td><td style="width: 80px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:80px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7.5.5pt;COLOR: #000000;TEXT-ALIGN: center;">June 30, 2014</font></td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 229px; text-align:left;border-color:#000000;min-width:229px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">6.5% Senior Secured Notes</font></td><td style="width: 29px; text-align:center;border-color:#000000;min-width:29px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 85px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 800,000</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 27px; text-align:left;border-color:#000000;min-width:27px;"><font style="FONT-FAMILY: Arial;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 80px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 800,000</font></td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 229px; text-align:left;border-color:#000000;min-width:229px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">7.25% Senior Unsecured Notes</font></td><td style="width: 29px; text-align:center;border-color:#000000;min-width:29px;"> </td><td style="width: 85px; text-align:right;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> -</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 27px; text-align:left;border-color:#000000;min-width:27px;"> </td><td style="width: 80px; text-align:right;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 500,000</font></td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 229px; text-align:left;border-color:#000000;min-width:229px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">9.5% Senior Unsecured Notes</font></td><td style="width: 29px; text-align:center;border-color:#000000;min-width:29px;"> </td><td style="width: 85px; text-align:right;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 500,000</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 27px; text-align:left;border-color:#000000;min-width:27px;"> </td><td style="width: 80px; text-align:right;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> -</font></td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 229px; text-align:left;border-color:#000000;min-width:229px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Senior Secured Credit Facility</font></td><td style="width: 29px; text-align:center;border-color:#000000;min-width:29px;"> </td><td style="width: 85px; text-align:right;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 890,000</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 27px; text-align:left;border-color:#000000;min-width:27px;"> </td><td style="width: 80px; text-align:right;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 1,288,421</font></td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 229px; text-align:left;border-color:#000000;min-width:229px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Term loan B Facility</font></td><td style="width: 29px; text-align:center;border-color:#000000;min-width:29px;"> </td><td style="width: 85px; text-align:right;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 1,895,250</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 27px; text-align:left;border-color:#000000;min-width:27px;"> </td><td style="width: 80px; text-align:right;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 1,885,750</font></td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 229px; text-align:left;border-color:#000000;min-width:229px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Less: Deferred financing costs</font></td><td style="width: 29px; text-align:center;border-color:#000000;min-width:29px;"> </td><td style="width: 85px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (92,014)</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 27px; text-align:left;border-color:#000000;min-width:27px;"> </td><td style="width: 80px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (76,739)</font></td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 229px; text-align:left;border-color:#000000;min-width:229px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Total debt </font></td><td style="width: 29px; text-align:center;border-color:#000000;min-width:29px;"> </td><td style="width: 85px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 3,993,236</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 27px; text-align:left;border-color:#000000;min-width:27px;"> </td><td style="width: 80px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 4,397,432</font></td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 19px"><td style="width: 229px; text-align:left;border-color:#000000;min-width:229px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Less: Current portion </font></td><td style="width: 29px; text-align:left;border-color:#000000;min-width:29px;"> </td><td style="width: 85px; text-align:right;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Arial;FONT-SIZE: 10pt;COLOR: #000000;"> (85,401)</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 27px; text-align:left;border-color:#000000;min-width:27px;"> </td><td style="width: 80px; text-align:right;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Arial;FONT-SIZE: 10pt;COLOR: #000000;"> (20,880)</font></td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 229px; text-align:left;border-color:#000000;min-width:229px;"> </td><td style="width: 29px; text-align:center;border-color:#000000;min-width:29px;"> </td><td style="width: 85px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:85px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 27px; text-align:left;border-color:#000000;min-width:27px;"> </td><td style="width: 80px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:80px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 229px; text-align:left;border-color:#000000;min-width:229px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Long-term portion </font></td><td style="width: 29px; text-align:center;border-color:#000000;min-width:29px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 85px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 3,907,835</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 27px; text-align:left;border-color:#000000;min-width:27px;"><font style="FONT-FAMILY: Arial;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 80px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:80px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 4,376,552</font></td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 229px; text-align:left;border-color:#000000;min-width:229px;"> </td><td style="width: 29px; text-align:center;border-color:#000000;min-width:29px;"> </td><td style="width: 85px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:85px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 27px; text-align:left;border-color:#000000;min-width:27px;"> </td><td style="width: 80px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:80px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;text-decoration:underline;margin-left:0px;">6.5% Senior Secured Notes due 2017</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">On September 20, 2012, the Company's wholly owned subsidiary Drill R</font><font style="font-family:Times New Roman;font-size:10pt;">igs Holdings Inc. ("the Issuer")</font><font style="font-family:Times New Roman;font-size:10pt;"> issued $800,000 aggregate principal amount of 6.50% Senior Secured Notes due 2017 (the "Drill Rigs Senior Notes")</font><font style="font-family:Times New Roman;font-size:10pt;">,</font><font style="font-family:Times New Roman;font-size:10pt;"> offered in a private offering, resulting in net proceeds of approximately $781,965. The Company used a portion of the net proceeds of the notes to repay the full amount outstanding under its $1,040,000 senior secured credit facility as at September 20, 2012. The Drill Rigs Senior Notes are secured obligations and rank senior in right of payment to any future subordinated indebtedness and equally in right of payment to all of its existing and future unsecured senior indebtedness.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">The Drill Rigs Senior Notes are fully and unconditionally guaranteed by the Company and certain of its existing and future subsidiaries (collectively, the "Issuer Subsidiary Guarantors" and, together with the Company, the "Guarantors").</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Upon a change of control, which occurs if 50% or more of the Company's shares are acquired by any person or group other than </font><font style="font-family:Times New Roman;font-size:10pt;">DryShips</font><font style="font-family:Times New Roman;font-size:10pt;"> or its affiliates, the Issuer will be required to make an offer to repurchase the Drill Rigs Senior Notes at a price equal to 101% of the principal amount thereof, plus any accrued and unpaid interest thereon to the date of repurchase. On or after October 1, 2015, the Issuer may, at its option, redeem all or a portion of the Drill Rigs Senior Notes, at one time or from time to time at 103.25% (from October 1, 2015 to September 30, 2016) or 100% (October 1, 2016 and thereafter) of the principal amount thereof, plus any accrued and unpaid interest thereon to the date of redemption.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">The Drill Rigs Senior Notes and the Drill Rigs Senior Notes guarantees are secured, on a first priority basis, by a security interest on the Issuer's two semi-submersible offshore drilling rigs, the </font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">Leiv</font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;"> </font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">Eiriksson</font><font style="font-family:Times New Roman;font-size:10pt;"> and the </font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">Eirik</font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;"> </font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">Raude</font><font style="font-family:Times New Roman;font-size:10pt;"> and certain other assets of the Issuer and the Issuer Subsidiary Guarantors and by a pledge of the stock of the Issuer and the Issuer Subsidiary Guarantors, subject to certain exceptions. The contractual semi-annual coupon interest rate is 6.5% on the Drill Rigs Senior Notes.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;text-decoration:underline;margin-left:0px;">7.25% Senior Unsecured Notes due 2019</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">On March 26, 2014 the Company issued $500,000 aggregate principal amount of 7.25% senior unsecured notes due 2019 (the "7.25% Senior Unsecured Notes")</font><font style="font-family:Times New Roman;font-size:10pt;">,</font><font style="font-family:Times New Roman;font-size:10pt;"> offered in a private placement, resulting in net pr</font><font style="font-family:Times New Roman;font-size:10pt;">oceeds of approximately $493,625</font><font style="font-family:Times New Roman;font-size:10pt;">. The Senior Notes are unsecured obligations and rank senior in right of payment to any future subordinated indebtedness and equally in right of payment to all of its existing and future unsecured senior indebtedness. The Company used the net proceeds from the offering of the 7.25% Senior Unsecured Notes, together with cash on hand and repurchased $462,300 of its 9.5% Senior Unse</font><font style="font-family:Times New Roman;font-size:10pt;">cured Notes, of which $500,000 </font><font style="font-family:Times New Roman;font-size:10pt;">in aggregate principal amount was outstanding prior to closing of the 7.25%</font><font style="font-family:Times New Roman;font-size:10pt;"> Senior Unsecured </font><font style="font-family:Times New Roman;font-size:10pt;"> Notes Offering, at a tender premium of 105.375%, while the remaining $37,700 was redeemed at a redemption price of 104.5% on May 13, 2014.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">The 7.25% Senior Unsecured Notes are not guaranteed by any of the Company's subsidiaries. Upon a change of control, which would occur if 50% or more of the Company's shares are acquired by any person or group other than </font><font style="font-family:Times New Roman;font-size:10pt;">DryShips</font><font style="font-family:Times New Roman;font-size:10pt;"> or its affiliates, the </font><font style="font-family:Times New Roman;font-size:10pt;">noteholders</font><font style="font-family:Times New Roman;font-size:10pt;"> will have an option to require the Company to purchase all outstanding notes at a redemption price of 101% of the principal amount thereof plus accrued and unpaid interest to the date of purchase. The contractual semi-annual coupon interest rate is 7.25% per year.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;text-decoration:underline;margin-left:0px;">9.5% Senior Unsecured Notes due 2016</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">On April 27, 2011, the Company issued $500,000 aggregate principal amount of its 9.5% senior unsecured notes due 2016 (the "9.5% Senior Unsecured Notes")</font><font style="font-family:Times New Roman;font-size:10pt;">,</font><font style="font-family:Times New Roman;font-size:10pt;"> offered in a private placement, resulting in net proceeds of approximately $487,500. The 9.5% Senior Unsecured Notes were unsecured obligations and ranked senior in right of payment to any future subordinated indebtedness and equally in right of payment to all of its existing and future unsecured senior indebtedness.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">The 9.5% Senior Unsecured Notes were not guaranteed by any of the Company's subsidiaries. Upon a change of control, which would occur if 50% or more of the Company's shares were acquired by any person or group other than </font><font style="font-family:Times New Roman;font-size:10pt;">DryShips</font><font style="font-family:Times New Roman;font-size:10pt;"> or its affiliates, the </font><font style="font-family:Times New Roman;font-size:10pt;">noteholders</font><font style="font-family:Times New Roman;font-size:10pt;"> had an option to require the Company to purchase all outstanding notes at a redemption price of 100% of the principal amount thereof plus accrued and unpaid interest to the date of purchase. The contractual semi-annual coupon interest rate was 9.5% per year.</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">The 9.5% Senior Unsecured Notes were repurchased or redeemed in connection with</font><font style="font-family:Times New Roman;font-size:10pt;"> the</font><font style="font-family:Times New Roman;font-size:10pt;"> 7.25% </font><font style="font-family:Times New Roman;font-size:10pt;">Senior Unsecured </font><font style="font-family:Times New Roman;font-size:10pt;">Notes </font><font style="font-family:Times New Roman;font-size:10pt;">o</font><font style="font-family:Times New Roman;font-size:10pt;">ffering discussed above.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;text-decoration:underline;margin-left:0px;">$1,35 billion Senior Secured Credit Facility</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">On March 24, 2014, the Company drew down the remaining undrawn amount of $450,000 under the $1.35 billion</font><font style="font-family:Times New Roman;font-size:10pt;"> senior secured credit</font><font style="font-family:Times New Roman;font-size:10pt;"> facility signed on February 28, 2013, in connection with </font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">Ocean Rig Athena</font><font style="font-family:Times New Roman;font-size:10pt;"> delivery.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">On July 25, 2014, the Company's wholly owned subsidiary, </font><font style="font-family:Times New Roman;font-size:10pt;">Drillships</font><font style="font-family:Times New Roman;font-size:10pt;"> Ocean Ventures Inc. entered into a $1.3 billion Senior Secured Term Loan B (“New Term Loan B”) facility to refinance the $1.35 billion Senior Secured Credit Facility led by DNB, which had a loan balance of approx</font><font style="font-family:Times New Roman;font-size:10pt;">imately</font><font style="font-family:Times New Roman;font-size:10pt;"> $1.3 billion on that date. In line with ASC 470-10-45 "Short-Term Obligations Expected to Be Refinanced" the Company has classified the outstanding balance of its bank loans as at June 30, 2014, in accordance with the terms of the Term loans. Unamortized balance of deferred finance fees associated with the repaid loans, amounted to approximately $19.5 million, was written off in the statement of operations upon the extinguishment of the related </font><font style="font-family:Times New Roman;font-size:10pt;">debt in July 2014. In addition, restricted cash of $75.0 million associated with the respective loans has been released upon the repayment. The New Term Loan B facility is secured primarily by first priority mortgages on the vessels, Ocean Rig </font><font style="font-family:Times New Roman;font-size:10pt;">Mylos</font><font style="font-family:Times New Roman;font-size:10pt;">, Skyros and Athena, bears interest at </font><font style="font-family:Times New Roman;font-size:10pt;">fixed rate</font><font style="font-family:Times New Roman;font-size:10pt;">, and matures on July 25, 2021.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;text-decoration:underline;margin-left:0px;">$1,9 billion Term Loan B Facility</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">On February 7, 2014, the Company refinanced its then existing short-term Tranche B-2 Term Loans with a fungible add-on to its existing long-term Tranche B-1 Term Loans.  As a result of this refinancing, the total $1.9 billion of Tranche B-1 Term Loans will mature no earlier than the third quarter of 2020.</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;"><br/>The Company's outstanding debt is secured by, among other things, first priority mortgages over the Company's operating and </font><font style="font-family:Times New Roman;font-size:10pt;">newbuilding</font><font style="font-family:Times New Roman;font-size:10pt;"> drilling units, corporate guarantees, first priority assignments of all freights, earnings, insurances and requisition compensation relating to such drilling units and a pledge of the shares of capital stock of certain of the Company's subsidiaries.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Certain of our debt instruments contain financial covenants, minimum coverage ratio requirements and minimum liquidity and working capital requirements and restrict, without the bank's prior consent, the Company's and its subsidiaries ability to, among other things, pay dividends</font><font style="font-family:Times New Roman;font-size:10pt;"> over a certain amount</font><font style="font-family:Times New Roman;font-size:10pt;">, change the management and ownership of its </font><font style="font-family:Times New Roman;font-size:10pt;">drillships</font><font style="font-family:Times New Roman;font-size:10pt;">, incur additional indebtedness, incur and create liens on its assets, and change in the general nature of the Company's business and require that the Company maintain an established place of business in the United States or the United Kingdom.</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">       </font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Total interest and debt amortization cost incurred on long-term debt for the six month periods ended June 30, 20</font><font style="font-family:Times New Roman;font-size:10pt;">13 and 2014, amounted to $85,436</font><font style="font-family:Times New Roman;font-size:10pt;"> and $139,241, respectively, of which $31,215 and $18,037, respectively, were capitalized as part of the cost of the </font><font style="font-family:Times New Roman;font-size:10pt;">drillships</font><font style="font-family:Times New Roman;font-size:10pt;"> under construction. Total interest incurred and amortization of debt issuance cost on long-term debt, net of capitalized interest, are included in "Interest and finance costs" in the accompanying unaudited interim condensed consolidated statements of operations.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">The aggregate available undrawn amounts under the Company's facilities at June 30, 2014, were $0. The Company's weighted average interest rates on the above bank loans and notes were 6.12% and 6.27%, as of June 30, 2013 and 2014, respectively.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">The annual principal payments required to be made after June 30, 2014, taking into consideration the repayment of the Company's $1,35 billion Senior Secured Credit Facility and the New Term Loan B discussed above,</font><font style="font-family:Times New Roman;font-size:10pt;"> totaling $4,474,171, due through July 2020,</font><font style="font-family:Times New Roman;font-size:10pt;"> are as follows:</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 373px; text-align:left;border-color:#000000;min-width:373px;"> </td><td style="width: 26px; text-align:left;border-color:#000000;min-width:26px;"> </td><td style="width: 91px; text-align:left;border-color:#000000;min-width:91px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 373px; text-align:left;border-color:#000000;min-width:373px;"> </td><td style="width: 26px; text-align:left;border-color:#000000;min-width:26px;"> </td><td style="width: 91px; text-align:left;border-color:#000000;min-width:91px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 373px; text-align:left;border-color:#000000;min-width:373px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">June 30 , 2015</font></td><td style="width: 26px; text-align:left;border-color:#000000;min-width:26px;"> </td><td style="width: 91px; text-align:right;border-color:#000000;min-width:91px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$ 28,750</font></td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 373px; text-align:left;border-color:#000000;min-width:373px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">June 30, 2016</font></td><td style="width: 26px; text-align:left;border-color:#000000;min-width:26px;"> </td><td style="width: 91px; text-align:right;border-color:#000000;min-width:91px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 32,000</font></td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 373px; text-align:left;border-color:#000000;min-width:373px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">June 30, 2017</font></td><td style="width: 26px; text-align:left;border-color:#000000;min-width:26px;"> </td><td style="width: 91px; text-align:right;border-color:#000000;min-width:91px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 32,000</font></td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 373px; text-align:left;border-color:#000000;min-width:373px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;"> June 30, 2018</font></td><td style="width: 26px; text-align:left;border-color:#000000;min-width:26px;"> </td><td style="width: 91px; text-align:right;border-color:#000000;min-width:91px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 832,000</font></td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 373px; text-align:left;border-color:#000000;min-width:373px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">June 30, 2019</font></td><td style="width: 26px; text-align:left;border-color:#000000;min-width:26px;"> </td><td style="width: 91px; text-align:right;border-color:#000000;min-width:91px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 532,000</font></td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 20px"><td style="width: 373px; text-align:left;border-color:#000000;min-width:373px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">June 30, 2020 and thereafter</font></td><td style="width: 26px; text-align:left;border-color:#000000;min-width:26px;"> </td><td style="width: 91px; text-align:right;border-color:#000000;min-width:91px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 3,017,421</font></td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 373px; text-align:left;border-color:#000000;min-width:373px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Total principal payments </font></td><td style="width: 26px; text-align:left;border-color:#000000;min-width:26px;"> </td><td style="width: 91px; text-align:right;border-color:#000000;min-width:91px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 4,474,171</font></td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 373px; text-align:left;border-color:#000000;min-width:373px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Less: Deferred financing costs</font></td><td style="width: 26px; text-align:left;border-color:#000000;min-width:26px;"> </td><td style="width: 91px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:91px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> (76,739)</font></td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 5px"><td style="width: 373px; text-align:left;border-color:#000000;min-width:373px;"> </td><td style="width: 26px; text-align:left;border-color:#000000;min-width:26px;"> </td><td style="width: 91px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:91px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 373px; text-align:left;border-color:#000000;min-width:373px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Total debt </font></td><td style="width: 26px; text-align:left;border-color:#000000;min-width:26px;"> </td><td style="width: 91px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:91px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$ 4,397,432</font></td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr></table></div>
<div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 40px"><td style="width: 229px; text-align:left;border-color:#000000;min-width:229px;"> </td><td style="width: 29px; text-align:center;border-color:#000000;min-width:29px;"> </td><td style="width: 85px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7.5.5pt;COLOR: #000000;TEXT-ALIGN: center;">December 31,
2013</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 27px; text-align:left;border-color:#000000;min-width:27px;"> </td><td style="width: 80px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:80px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7.5.5pt;COLOR: #000000;TEXT-ALIGN: center;">June 30, 2014</font></td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 229px; text-align:left;border-color:#000000;min-width:229px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">6.5% Senior Secured Notes</font></td><td style="width: 29px; text-align:center;border-color:#000000;min-width:29px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 85px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 800,000</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 27px; text-align:left;border-color:#000000;min-width:27px;"><font style="FONT-FAMILY: Arial;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 80px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 800,000</font></td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 229px; text-align:left;border-color:#000000;min-width:229px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">7.25% Senior Unsecured Notes</font></td><td style="width: 29px; text-align:center;border-color:#000000;min-width:29px;"> </td><td style="width: 85px; text-align:right;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> -</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 27px; text-align:left;border-color:#000000;min-width:27px;"> </td><td style="width: 80px; text-align:right;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 500,000</font></td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 229px; text-align:left;border-color:#000000;min-width:229px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">9.5% Senior Unsecured Notes</font></td><td style="width: 29px; text-align:center;border-color:#000000;min-width:29px;"> </td><td style="width: 85px; text-align:right;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 500,000</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 27px; text-align:left;border-color:#000000;min-width:27px;"> </td><td style="width: 80px; text-align:right;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> -</font></td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 229px; text-align:left;border-color:#000000;min-width:229px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Senior Secured Credit Facility</font></td><td style="width: 29px; text-align:center;border-color:#000000;min-width:29px;"> </td><td style="width: 85px; text-align:right;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 890,000</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 27px; text-align:left;border-color:#000000;min-width:27px;"> </td><td style="width: 80px; text-align:right;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 1,288,421</font></td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 229px; text-align:left;border-color:#000000;min-width:229px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Term loan B Facility</font></td><td style="width: 29px; text-align:center;border-color:#000000;min-width:29px;"> </td><td style="width: 85px; text-align:right;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 1,895,250</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 27px; text-align:left;border-color:#000000;min-width:27px;"> </td><td style="width: 80px; text-align:right;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 1,885,750</font></td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 229px; text-align:left;border-color:#000000;min-width:229px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Less: Deferred financing costs</font></td><td style="width: 29px; text-align:center;border-color:#000000;min-width:29px;"> </td><td style="width: 85px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (92,014)</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 27px; text-align:left;border-color:#000000;min-width:27px;"> </td><td style="width: 80px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (76,739)</font></td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 229px; text-align:left;border-color:#000000;min-width:229px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Total debt </font></td><td style="width: 29px; text-align:center;border-color:#000000;min-width:29px;"> </td><td style="width: 85px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 3,993,236</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 27px; text-align:left;border-color:#000000;min-width:27px;"> </td><td style="width: 80px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 4,397,432</font></td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 19px"><td style="width: 229px; text-align:left;border-color:#000000;min-width:229px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Less: Current portion </font></td><td style="width: 29px; text-align:left;border-color:#000000;min-width:29px;"> </td><td style="width: 85px; text-align:right;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Arial;FONT-SIZE: 10pt;COLOR: #000000;"> (85,401)</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 27px; text-align:left;border-color:#000000;min-width:27px;"> </td><td style="width: 80px; text-align:right;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Arial;FONT-SIZE: 10pt;COLOR: #000000;"> (20,880)</font></td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 229px; text-align:left;border-color:#000000;min-width:229px;"> </td><td style="width: 29px; text-align:center;border-color:#000000;min-width:29px;"> </td><td style="width: 85px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:85px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 27px; text-align:left;border-color:#000000;min-width:27px;"> </td><td style="width: 80px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:80px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 229px; text-align:left;border-color:#000000;min-width:229px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Long-term portion </font></td><td style="width: 29px; text-align:center;border-color:#000000;min-width:29px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 85px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 3,907,835</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 27px; text-align:left;border-color:#000000;min-width:27px;"><font style="FONT-FAMILY: Arial;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 80px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:80px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 4,376,552</font></td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 229px; text-align:left;border-color:#000000;min-width:229px;"> </td><td style="width: 29px; text-align:center;border-color:#000000;min-width:29px;"> </td><td style="width: 85px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:85px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 27px; text-align:left;border-color:#000000;min-width:27px;"> </td><td style="width: 80px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:80px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr></table></div>
1885750000
1895250000
890000000
1288421000
0.065
781965000
1.01
1.0325
1
0.0627
0.0612
1040000000
487500000
85436000
139241000
18037000
1
0.095
0
0.0725
493625000
1.01
1.045
37700000
1.05375
462300000
1900000000
450000000
31215000
1300000000
2021-07-25
19500000
75000000
Q3 2020
Fixed rate
32000000
32000000
832000000
532000000
3017421000
4474171000
28750000
<div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 373px; text-align:left;border-color:#000000;min-width:373px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">June 30 , 2015</font></td><td style="width: 26px; text-align:left;border-color:#000000;min-width:26px;"> </td><td style="width: 91px; text-align:right;border-color:#000000;min-width:91px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$ 28,750</font></td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 373px; text-align:left;border-color:#000000;min-width:373px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">June 30, 2016</font></td><td style="width: 26px; text-align:left;border-color:#000000;min-width:26px;"> </td><td style="width: 91px; text-align:right;border-color:#000000;min-width:91px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 32,000</font></td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 373px; text-align:left;border-color:#000000;min-width:373px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">June 30, 2017</font></td><td style="width: 26px; text-align:left;border-color:#000000;min-width:26px;"> </td><td style="width: 91px; text-align:right;border-color:#000000;min-width:91px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 32,000</font></td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 373px; text-align:left;border-color:#000000;min-width:373px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;"> June 30, 2018</font></td><td style="width: 26px; text-align:left;border-color:#000000;min-width:26px;"> </td><td style="width: 91px; text-align:right;border-color:#000000;min-width:91px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 832,000</font></td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 373px; text-align:left;border-color:#000000;min-width:373px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">June 30, 2019</font></td><td style="width: 26px; text-align:left;border-color:#000000;min-width:26px;"> </td><td style="width: 91px; text-align:right;border-color:#000000;min-width:91px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 532,000</font></td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 20px"><td style="width: 373px; text-align:left;border-color:#000000;min-width:373px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">June 30, 2020 and thereafter</font></td><td style="width: 26px; text-align:left;border-color:#000000;min-width:26px;"> </td><td style="width: 91px; text-align:right;border-color:#000000;min-width:91px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 3,017,421</font></td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 373px; text-align:left;border-color:#000000;min-width:373px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Total principal payments </font></td><td style="width: 26px; text-align:left;border-color:#000000;min-width:26px;"> </td><td style="width: 91px; text-align:right;border-color:#000000;min-width:91px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 4,474,171</font></td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 373px; text-align:left;border-color:#000000;min-width:373px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Less: Deferred financing costs</font></td><td style="width: 26px; text-align:left;border-color:#000000;min-width:26px;"> </td><td style="width: 91px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:91px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> (76,739)</font></td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 5px"><td style="width: 373px; text-align:left;border-color:#000000;min-width:373px;"> </td><td style="width: 26px; text-align:left;border-color:#000000;min-width:26px;"> </td><td style="width: 91px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:91px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 373px; text-align:left;border-color:#000000;min-width:373px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Total debt </font></td><td style="width: 26px; text-align:left;border-color:#000000;min-width:26px;"> </td><td style="width: 91px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:91px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$ 4,397,432</font></td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr></table></div>
<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">9. Financial Instruments and Fair Value Measurements</font><font style="font-family:Times New Roman;font-size:10pt;">:</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;"><br/>ASC 815, "Derivatives and Hedging" requires companies to recognize all derivative instruments as either assets or liabilities at fair value in the statement of financial position. Effective January 1, 2011, the Company removed the designation of the cash flow hedges and discontinued hedge accounting for the associated interest rate swaps.</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;"> </font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Changes in the fair value of derivative instruments that have not been designated as hedging instruments are reported in the accompanying unaudited interim condensed consolidated statement of operations.</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;"> </font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">The Company enters into interest rate swap transactions to manage interest costs and risk associated with changing interest rates with respect to its variable interest rate loans and credit facilities. The Company also enters from time to time into foreign currency forward contracts in order to manage risks associated with fluctuations in foreign currencies. All of the Company's derivative transactions are entered into for risk management purposes.</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;"> </font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">As of June 30, 2014, the Company had 9 interest rate swap</font><font style="font-family:Times New Roman;font-size:10pt;">s outstanding</font><font style="font-family:Times New Roman;font-size:10pt;">, of $2.0 billion notional amount, maturing from September 2014 through November 2017.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Tabular disclosure of</font><font style="font-family:Times New Roman;font-size:10pt;"> the</font><font style="font-family:Times New Roman;font-size:10pt;"> financial instruments is as follows:</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Fair Values of Derivative Instruments in the Statements of Financial Position:</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td colspan="6" style="width: 416px; text-align:left;border-color:#000000;min-width:416px;"> </td><td style="width: 80px; text-align:left;border-color:#000000;min-width:80px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 28px; text-align:left;border-color:#000000;min-width:28px;"> </td><td style="width: 80px; text-align:left;border-color:#000000;min-width:80px;"> </td></tr><tr style="height: 17px"><td style="width: 176px; text-align:left;border-color:#000000;min-width:176px;"> </td><td style="width: 227px; text-align:left;border-color:#000000;min-width:227px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 80px; text-align:left;border-color:#000000;min-width:80px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 28px; text-align:left;border-color:#000000;min-width:28px;"> </td><td style="width: 80px; text-align:left;border-color:#000000;min-width:80px;"> </td></tr><tr style="height: 10px"><td style="width: 176px; text-align:left;border-color:#000000;min-width:176px;"> </td><td style="width: 227px; text-align:left;border-color:#000000;min-width:227px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 80px; text-align:left;border-color:#000000;min-width:80px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 28px; text-align:left;border-color:#000000;min-width:28px;"> </td><td style="width: 80px; text-align:left;border-color:#000000;min-width:80px;"> </td></tr><tr style="height: 10px"><td style="width: 176px; text-align:left;border-color:#000000;min-width:176px;"> </td><td style="width: 227px; text-align:left;border-color:#000000;min-width:227px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 80px; text-align:left;border-color:#000000;min-width:80px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 28px; text-align:left;border-color:#000000;min-width:28px;"> </td><td style="width: 80px; text-align:left;border-color:#000000;min-width:80px;"> </td></tr><tr style="height: 10px"><td style="width: 176px; text-align:left;border-color:#000000;min-width:176px;"> </td><td style="width: 227px; text-align:left;border-color:#000000;min-width:227px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 80px; text-align:left;border-color:#000000;min-width:80px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 28px; text-align:left;border-color:#000000;min-width:28px;"> </td><td style="width: 80px; text-align:left;border-color:#000000;min-width:80px;"> </td></tr><tr style="height: 17px"><td style="width: 176px; text-align:left;border-color:#000000;min-width:176px;"> </td><td style="width: 227px; text-align:left;border-color:#000000;min-width:227px;"> </td><td style="width: 13px; text-align:center;border-color:#000000;min-width:13px;"> </td><td style="width: 80px; text-align:right;border-color:#000000;min-width:80px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 28px; text-align:left;border-color:#000000;min-width:28px;"> </td><td style="width: 80px; text-align:left;border-color:#000000;min-width:80px;"> </td></tr><tr style="height: 49px"><td style="width: 176px; text-align:left;border-color:#000000;min-width:176px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">Derivatives not designated
as Hedging Instruments</font></td><td style="width: 227px; text-align:left;border-color:#000000;min-width:227px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">Balance Sheet Location</font></td><td colspan="2" style="width: 93px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:93px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">December 31,
2013
Fair value</font></td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 28px; text-align:left;border-color:#000000;min-width:28px;"> </td><td colspan="2" style="width: 92px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:92px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">June 30, 2014 Fair value</font></td></tr><tr style="height: 19px"><td style="width: 176px; text-align:left;border-color:#000000;min-width:176px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Interest rate swaps</font></td><td style="width: 227px; text-align:left;border-color:#000000;min-width:227px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">Financial Instruments non-current assets</font></td><td style="width: 13px; border-top-style:solid;border-top-width:2px;text-align:center;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 80px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> 13,517</font></td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 28px; text-align:left;border-color:#000000;min-width:28px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 80px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> 9,531</font></td></tr><tr style="height: 18px"><td style="width: 176px; text-align:left;border-color:#000000;min-width:176px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Interest rate swaps</font></td><td style="width: 227px; text-align:left;border-color:#000000;min-width:227px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Financial Instruments current liabilities</font></td><td style="width: 13px; text-align:center;border-color:#000000;min-width:13px;"> </td><td style="width: 80px; text-align:right;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> (30,266)</font></td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 28px; text-align:left;border-color:#000000;min-width:28px;"> </td><td style="width: 80px; text-align:right;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> (25,896)</font></td></tr><tr style="height: 19px"><td style="width: 176px; text-align:left;border-color:#000000;min-width:176px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Interest rate swaps</font></td><td style="width: 227px; text-align:left;border-color:#000000;min-width:227px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Financial Instruments non-current liabilities</font></td><td style="width: 13px; text-align:center;border-color:#000000;min-width:13px;"> </td><td style="width: 80px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> (15,557)</font></td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 28px; text-align:left;border-color:#000000;min-width:28px;"> </td><td style="width: 80px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:80px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> (11,309)</font></td></tr><tr style="height: 17px"><td style="width: 176px; text-align:left;border-color:#000000;min-width:176px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Total derivatives</font></td><td style="width: 227px; text-align:right;border-color:#000000;min-width:227px;"> </td><td style="width: 13px; border-bottom-style:double;border-bottom-width:3px;text-align:center;border-color:#000000;min-width:13px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 80px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:80px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> (32,306)</font></td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 28px; border-bottom-style:double;border-bottom-width:3px;text-align:center;border-color:#000000;min-width:28px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 80px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:80px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> (27,674)</font></td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">During the six-month periods ended June 30, 2013 and 2014, the losses transferred from accumulated other comprehensive loss in the accompanying unaudited interim condensed consolidated statements </font><font style="font-family:Times New Roman;font-size:10pt;">of operations were $518 and $517</font><font style="font-family:Times New Roman;font-size:10pt;">, respectively. The estimated  net amount of existing losses at June 30, 2014, that will be reclassified into earnings within the next twelve months relating to previously designated cash flow hedges is $1,</font><font style="font-family:Times New Roman;font-size:10pt;">034</font><font style="font-family:Times New Roman;font-size:10pt;">.</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;"><br/> The effects of derivative instruments not designated or qualifying as hedging instruments on the unaudited interim condensed consolidated statements of operations is as follows:</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 265px; text-align:left;border-color:#000000;min-width:265px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 158px; text-align:left;border-color:#000000;min-width:158px;"> </td><td style="width: 86px; text-align:left;border-color:#000000;min-width:86px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 86px; text-align:left;border-color:#000000;min-width:86px;"> </td></tr><tr style="height: 17px"><td style="width: 265px; text-align:left;border-color:#000000;min-width:265px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 158px; text-align:left;border-color:#000000;min-width:158px;"> </td><td style="width: 86px; text-align:left;border-color:#000000;min-width:86px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 86px; text-align:left;border-color:#000000;min-width:86px;"> </td></tr><tr style="height: 39px"><td style="width: 265px; text-align:left;border-color:#000000;min-width:265px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 158px; text-align:left;border-color:#000000;min-width:158px;"> </td><td colspan="3" style="width: 182px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:182px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Amount of
Gain/(Loss)</font></td></tr><tr style="height: 55px"><td style="width: 265px; text-align:left;border-color:#000000;min-width:265px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Derivatives not designated 
as hedging instruments</font></td><td style="width: 11px; text-align:center;border-color:#000000;min-width:11px;"> </td><td style="width: 158px; text-align:center;border-color:#000000;min-width:158px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Location of Gain or (Loss)
Recognized</font></td><td style="width: 86px; border-top-style:solid;border-top-width:2px;text-align:center;border-color:#000000;min-width:86px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Six-month period ended June 30, 2013</font></td><td style="width: 10px; border-top-style:solid;border-top-width:2px;text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 86px; border-top-style:solid;border-top-width:2px;text-align:center;border-color:#000000;min-width:86px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Six-month period ended June 30, 2014</font></td></tr><tr style="height: 34px"><td style="width: 265px; text-align:left;border-color:#000000;min-width:265px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Interest rate swaps </font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 158px; text-align:left;border-color:#000000;min-width:158px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Gain/ (Loss) on interest
rate swaps, net</font></td><td style="width: 86px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:86px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 19,871</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 86px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:86px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (10,167)</font></td></tr><tr style="height: 17px"><td style="width: 265px; text-align:left;border-color:#000000;min-width:265px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 158px; text-align:left;border-color:#000000;min-width:158px;"> </td><td style="width: 86px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:86px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 86px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:86px;"> </td></tr><tr style="height: 17px"><td style="width: 265px; text-align:left;border-color:#000000;min-width:265px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Total </font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 158px; text-align:left;border-color:#000000;min-width:158px;"> </td><td style="width: 86px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:86px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 19,871</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 86px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:86px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$ (10,167)</font></td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">The carrying amounts of cash and cash equivalents, restricted cash, trade accounts receivable and accounts payable and other current liabilities reported in the consolidated balance sheets approximate their respective fair values because of the short-term nature of these accounts. The carrying value approximates the fair market value for floating rate loans. The carrying value of non- current restricted cash receiving floating interest rate approximates the fair value. The fair value of the interest rate swaps was determined using a discounted cash flow method based on market-based LIBOR swap yield curves, taking into account current interest rates and the creditworthiness of both the financial instrument counterparty and the Company. The Senior Unsecured Notes and the Drill Rigs Senior Notes have a fixed rate and their estimated fair values are determined through Level 2 inputs of the fair value hierarchy (quoted price in the over-the counter market). The fair value of the outstanding balance of the </font><font style="font-family:Times New Roman;font-size:10pt;">$1.9 billion Term Loan B Facility</font><font style="font-family:Times New Roman;font-size:10pt;"> which ha</font><font style="font-family:Times New Roman;font-size:10pt;">s</font><font style="font-family:Times New Roman;font-size:10pt;"> a fixed rate is estimated through Level 2 inputs of the fair value hierarchy by discounting future cash flows using rates currently available for debt with similar terms, credit risk and remaining maturities. The estimated fair value of the above 9.5% Senior Unsecured Notes, Drill Rigs Senior Notes and loans at December 31, 2013, is approximately $531,250, $863,504 and $1,951,790, respectively compared to a carrying value net of finance fees of $493,915, $784,485 and $1,839,170, respectively. The estimated fair value of the above 7.25% Senior Unsecured Notes, Drill Rigs Senior Notes and loans at June 30, 2014, is approximately $501,250, $828,000 and $1,8</font><font style="font-family:Times New Roman;font-size:10pt;">26</font><font style="font-family:Times New Roman;font-size:10pt;">,</font><font style="font-family:Times New Roman;font-size:10pt;">47</font><font style="font-family:Times New Roman;font-size:10pt;">4 respectively, compared to a carrying value, net of finance fees, of $491,451, $786,306 and $1,831,254 , respectively.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">The guidance for fair value measurement applies to all assets and liabilities that are being measured and reported on a fair value basis. This guidance enables the reader of the financial statements to assess the inputs used to develop those measurements by establishing a hierarchy for ranking the quality and reliability of the information used to determine fair values. The statement requires that assets and liabilities carried at fair value be classified and disclosed in one of the following three categories.</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;"> </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:8pt;margin-left:0px;"> </font><font style="font-family:Times New Roman;font-size:10pt;">Fair value measurements are classified based upon inputs used to develop the measurement under the following hierarchy:</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Level 1--Quoted market prices in active markets for identical assets or liabilities.</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Level 2--Observable market-based inputs or unobservable inputs that are corroborated by market data.</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Level 3--Unobservable inputs that are not corroborated by market data.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">The following table summarizes the valuation of assets and liabilities measured at fair value on a recurring basis as of the valuation date.</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;"> </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 216px; text-align:left;border-color:#000000;min-width:216px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 89px; text-align:left;border-color:#000000;min-width:89px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 66px; text-align:left;border-color:#000000;min-width:66px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 85px; text-align:left;border-color:#000000;min-width:85px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td></tr><tr style="height: 17px"><td style="width: 216px; text-align:left;border-color:#000000;min-width:216px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 89px; text-align:left;border-color:#000000;min-width:89px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 66px; text-align:left;border-color:#000000;min-width:66px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 85px; text-align:left;border-color:#000000;min-width:85px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td></tr><tr style="height: 152px"><td style="width: 216px; text-align:left;border-color:#000000;min-width:216px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 74px; text-align:center;border-color:#000000;min-width:74px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">June 30, 2014</font></td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;"> </td><td style="width: 89px; text-align:center;border-color:#000000;min-width:89px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Quoted 
Prices
in Active
Markets
for
Identical
Assets
(Level 1)</font></td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;"> </td><td style="width: 66px; text-align:center;border-color:#000000;min-width:66px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Significant Other
Observable
Inputs
(Level 2)</font></td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;"> </td><td style="width: 85px; text-align:center;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Unobservable Inputs
(Level 3)</font></td><td style="width: 13px; text-align:center;border-color:#000000;min-width:13px;"> </td><td style="width: 19px; text-align:center;border-color:#000000;min-width:19px;"> </td></tr><tr style="height: 21px"><td style="width: 216px; text-align:left;border-color:#000000;min-width:216px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Interest rate swaps-asset position</font></td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 9,531</font></td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 89px; text-align:right;border-color:#000000;min-width:89px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> -</font></td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 66px; text-align:right;border-color:#000000;min-width:66px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 9,531</font></td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 85px; text-align:right;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> -</font></td><td style="width: 13px; text-align:center;border-color:#000000;min-width:13px;"> </td><td style="width: 19px; text-align:center;border-color:#000000;min-width:19px;"> </td></tr><tr style="height: 17px"><td style="width: 216px; text-align:left;border-color:#000000;min-width:216px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Interest rate swaps-liability position</font></td><td style="width: 12px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 74px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (37,205)</font></td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 89px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:89px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> -</font></td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 66px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:66px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (37,205)</font></td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 85px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> -</font></td><td style="width: 13px; text-align:center;border-color:#000000;min-width:13px;"> </td><td style="width: 19px; text-align:center;border-color:#000000;min-width:19px;"> </td></tr><tr style="height: 17px"><td style="width: 216px; text-align:left;border-color:#000000;min-width:216px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Total </font></td><td style="width: 12px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:12px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 74px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (27,674)</font></td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 89px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:89px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> -</font></td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 66px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:66px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (27,674)</font></td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 85px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> -</font></td><td style="width: 13px; text-align:center;border-color:#000000;min-width:13px;"> </td><td style="width: 19px; text-align:center;border-color:#000000;min-width:19px;"> </td></tr><tr style="height: 6px"><td style="width: 216px; text-align:left;border-color:#000000;min-width:216px;"> </td><td style="width: 12px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 74px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 89px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:89px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 66px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:66px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 85px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:85px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td></tr><tr style="height: 17px"><td style="width: 216px; text-align:left;border-color:#000000;min-width:216px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 89px; text-align:left;border-color:#000000;min-width:89px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 66px; text-align:left;border-color:#000000;min-width:66px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 85px; text-align:left;border-color:#000000;min-width:85px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td></tr></table></div>
-32306000
-27674000
9531000
13517000
25896000
30266000
11309000
15557000
-10167000
19871000
-10167000
19871000
<div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 20px"><td style="width: 169px; text-align:left;border-color:#000000;min-width:169px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 253px; text-align:left;border-color:#000000;min-width:253px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 82px; text-align:left;border-color:#000000;min-width:82px;"> </td><td style="width: 42px; text-align:left;border-color:#000000;min-width:42px;"> </td><td style="width: 93px; text-align:left;border-color:#000000;min-width:93px;"> </td></tr><tr style="height: 52px"><td style="width: 169px; text-align:left;border-color:#000000;min-width:169px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Derivatives not designated 
as Hedging Instruments</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 253px; text-align:center;border-color:#000000;min-width:253px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Balance Sheet Location</font></td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 82px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:82px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">December 31, 2013 Fair value</font></td><td style="width: 42px; text-align:left;border-color:#000000;min-width:42px;"> </td><td style="width: 93px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:93px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">June 30, 2014 Fair value</font></td></tr><tr style="height: 20px"><td style="width: 169px; text-align:left;border-color:#000000;min-width:169px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Interest rate swaps</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 253px; text-align:left;border-color:#000000;min-width:253px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Financial Instruments non-current assets</font></td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"> </td><td style="width: 82px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:82px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$ 13,517</font></td><td style="width: 42px; text-align:left;border-color:#000000;min-width:42px;"> </td><td style="width: 93px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:93px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$ 9,531</font></td></tr><tr style="height: 20px"><td style="width: 169px; text-align:left;border-color:#000000;min-width:169px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Interest rate swaps</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 253px; text-align:left;border-color:#000000;min-width:253px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Financial Instruments current liabilities</font></td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 82px; text-align:right;border-color:#000000;min-width:82px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (30,266)</font></td><td style="width: 42px; text-align:left;border-color:#000000;min-width:42px;"> </td><td style="width: 93px; text-align:right;border-color:#000000;min-width:93px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (25,896)</font></td></tr><tr style="height: 20px"><td style="width: 169px; text-align:left;border-color:#000000;min-width:169px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Interest rate swaps</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 253px; text-align:left;border-color:#000000;min-width:253px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Financial Instruments non-current liabilities</font></td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 82px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:82px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (15,557)</font></td><td style="width: 42px; text-align:left;border-color:#000000;min-width:42px;"> </td><td style="width: 93px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:93px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (11,309)</font></td></tr><tr style="height: 20px"><td style="width: 169px; text-align:left;border-color:#000000;min-width:169px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Total derivatives</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 253px; text-align:left;border-color:#000000;min-width:253px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 82px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:82px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$ (32,306)</font></td><td style="width: 42px; text-align:left;border-color:#000000;min-width:42px;"> </td><td style="width: 93px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:93px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$ (27,674)</font></td></tr><tr style="height: 32px"><td style="width: 169px; text-align:left;border-color:#000000;min-width:169px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 253px; text-align:left;border-color:#000000;min-width:253px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 82px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:82px;"> </td><td style="width: 42px; text-align:left;border-color:#000000;min-width:42px;"> </td><td style="width: 93px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:93px;"> </td></tr><tr style="height: 35px"><td style="width: 169px; text-align:left;border-color:#000000;min-width:169px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 253px; text-align:left;border-color:#000000;min-width:253px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td colspan="3" style="width: 217px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:217px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Amount of
Gain/(Loss)</font></td></tr><tr style="height: 69px"><td style="width: 169px; text-align:left;border-color:#000000;min-width:169px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Derivatives not designated 
as hedging instruments</font></td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;"> </td><td style="width: 253px; text-align:center;border-color:#000000;min-width:253px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Location of Gain or (Loss)
Recognized</font></td><td style="width: 64px; text-align:center;border-color:#000000;min-width:64px;"> </td><td style="width: 82px; border-top-style:solid;border-top-width:2px;text-align:center;border-color:#000000;min-width:82px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Six-month period ended June 30, 2013</font></td><td style="width: 42px; border-top-style:solid;border-top-width:2px;text-align:center;border-color:#000000;min-width:42px;"> </td><td style="width: 93px; border-top-style:solid;border-top-width:2px;text-align:center;border-color:#000000;min-width:93px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Six-month period ended June 30, 2014</font></td></tr><tr style="height: 8px"><td style="width: 169px; text-align:left;border-color:#000000;min-width:169px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 253px; text-align:left;border-color:#000000;min-width:253px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 82px; text-align:right;border-color:#000000;min-width:82px;"> </td><td style="width: 42px; text-align:right;border-color:#000000;min-width:42px;"> </td><td style="width: 93px; text-align:right;border-color:#000000;min-width:93px;"> </td></tr><tr style="height: 20px"><td style="width: 169px; text-align:left;border-color:#000000;min-width:169px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Interest rate swaps </font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 253px; text-align:left;border-color:#000000;min-width:253px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Gain/ (Loss) on interest rate swaps, net</font></td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 82px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:82px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 19,871</font></td><td style="width: 42px; text-align:left;border-color:#000000;min-width:42px;"> </td><td style="width: 93px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:93px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (10,167)</font></td></tr><tr style="height: 20px"><td style="width: 169px; text-align:left;border-color:#000000;min-width:169px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 253px; text-align:left;border-color:#000000;min-width:253px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 82px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:82px;"> </td><td style="width: 42px; text-align:left;border-color:#000000;min-width:42px;"> </td><td style="width: 93px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:93px;"> </td></tr><tr style="height: 20px"><td style="width: 169px; text-align:left;border-color:#000000;min-width:169px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Total </font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 253px; text-align:left;border-color:#000000;min-width:253px;"> </td><td style="width: 64px; border-bottom-style:double;border-bottom-width:3px;text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 82px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:82px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 19,871</font></td><td style="width: 42px; text-align:left;border-color:#000000;min-width:42px;"> </td><td style="width: 93px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:93px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$ (10,167)</font></td></tr><tr style="height: 20px"><td style="width: 169px; text-align:left;border-color:#000000;min-width:169px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 253px; text-align:left;border-color:#000000;min-width:253px;"> </td><td style="width: 64px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 82px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:82px;"> </td><td style="width: 42px; text-align:left;border-color:#000000;min-width:42px;"> </td><td style="width: 93px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:93px;"> </td></tr></table></div>
37205000
0
0
0
9531000
37205000
-27674000
0
0
0
<div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 152px"><td style="width: 216px; text-align:left;border-color:#000000;min-width:216px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 74px; text-align:center;border-color:#000000;min-width:74px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">June 30, 2014</font></td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;"> </td><td style="width: 89px; text-align:center;border-color:#000000;min-width:89px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Quoted 
Prices
in Active
Markets
for
Identical
Assets
(Level 1)</font></td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;"> </td><td style="width: 66px; text-align:center;border-color:#000000;min-width:66px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Significant Other
Observable
Inputs
(Level 2)</font></td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;"> </td><td style="width: 85px; text-align:center;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Unobservable Inputs
(Level 3)</font></td><td style="width: 13px; text-align:center;border-color:#000000;min-width:13px;"> </td><td style="width: 19px; text-align:center;border-color:#000000;min-width:19px;"> </td></tr><tr style="height: 21px"><td style="width: 216px; text-align:left;border-color:#000000;min-width:216px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Interest rate swaps-asset position</font></td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 9,531</font></td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 89px; text-align:right;border-color:#000000;min-width:89px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> -</font></td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 66px; text-align:right;border-color:#000000;min-width:66px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 9,531</font></td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 85px; text-align:right;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> -</font></td><td style="width: 13px; text-align:center;border-color:#000000;min-width:13px;"> </td><td style="width: 19px; text-align:center;border-color:#000000;min-width:19px;"> </td></tr><tr style="height: 17px"><td style="width: 216px; text-align:left;border-color:#000000;min-width:216px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Interest rate swaps-liability position</font></td><td style="width: 12px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 74px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (37,205)</font></td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 89px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:89px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> -</font></td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 66px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:66px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (37,205)</font></td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 85px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> -</font></td><td style="width: 13px; text-align:center;border-color:#000000;min-width:13px;"> </td><td style="width: 19px; text-align:center;border-color:#000000;min-width:19px;"> </td></tr><tr style="height: 17px"><td style="width: 216px; text-align:left;border-color:#000000;min-width:216px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Total </font></td><td style="width: 12px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:12px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 74px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (27,674)</font></td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 89px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:89px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> -</font></td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"> </td><td style="width: 66px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:66px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (27,674)</font></td><td style="width: 12px; text-align:right;border-color:#000000;min-width:12px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 85px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:85px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> -</font></td><td style="width: 13px; text-align:center;border-color:#000000;min-width:13px;"> </td><td style="width: 19px; text-align:center;border-color:#000000;min-width:19px;"> </td></tr><tr style="height: 6px"><td style="width: 216px; text-align:left;border-color:#000000;min-width:216px;"> </td><td style="width: 12px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 74px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 89px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:89px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 66px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:66px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 85px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:85px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td></tr><tr style="height: 17px"><td style="width: 216px; text-align:left;border-color:#000000;min-width:216px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 89px; text-align:left;border-color:#000000;min-width:89px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 66px; text-align:left;border-color:#000000;min-width:66px;"> </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"> </td><td style="width: 85px; text-align:left;border-color:#000000;min-width:85px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 19px; text-align:left;border-color:#000000;min-width:19px;"> </td></tr></table></div>
531250000
1951790000
493915000
1839170000
863504000
784485000
786306000
828000000
1826474000
491451000
1831254000
9
2000000000
1034000
501250000
<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">10. Common Stock and Additional Paid-in Capital:</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">Dividends</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">On May 8, 2014, the Company announced that its Board of Directors declared a quarterly cash dividend with respect to the quarter ended March 31, 2014 of $0.19 per common share, to shareholders on record as of May 20, 2014. The dividend was paid on May 29, 2014.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">Restricted stock awards:</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">On February 14, 2012, the Company's Compensation Committee approved the grant of 112,950 shares of non-vested common stock to officers and key employees of the Company's subsidiary, Ocean Rig AS, as a bonus for their services rendered during 2011. The shares vest over a period of three years. The stock-based compensation is being recognized to expenses over the vesting period and based on the fair value of the shares on the grant date of $16.50 per share.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">On March 21, 2012, the Company's Board of Directors approved the 2012 Equity Incentive Plan (the "Plan") and reserved a total of 2,000,000 common shares. Under the Plan, officers, key employees, and directors are eligible to receive awards of stock options, stock appreciation rights, restricted stock, restricted stock units, phantom stock units and unrestricted stock.</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;"> </font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">On May 15, 2012, Ocean Rig's Compensation Committee approved the grant of: a) 4,500 shares of non-vested common stock to an officer as an additional bonus for his services rendered during 2011 and, b) 28,200 shares to new recruited employees as a sign-up stock bonus. The shares vest over a period of three years. The stock-based compensation is being recognized to expenses over the vesting period and based on the fair value of the Ocean Rig shares on the grant date of $15.92 per share.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">On December 5, 2012, 7,500 shares</font><font style="font-family:Times New Roman;font-size:10pt;"> were</font><font style="font-family:Times New Roman;font-size:10pt;"> awarded to an officer of the Company. The fair value of the shares on the grant date was $15.75 and the shares vested in March 2013.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">On May 16, 2013, the Company's Compensation Committee approved the grant of 192,400 shares of non-vested common stock to the Company's employees. The shares vest over a period of three years. The stock-based compensation is being recognized to expenses over the vesting period and based on t</font><font style="font-family:Times New Roman;font-size:10pt;">he fair value of the Ocean Rig s</font><font style="font-family:Times New Roman;font-size:10pt;">hares on the grant date of $16.90 per share.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">On August 20, 2013, the Company's Compensation Committee approved a sign-on bonus of 150,000 shares of the Company's common stock to </font><font style="font-family:Times New Roman;font-size:10pt;">Azara</font><font style="font-family:Times New Roman;font-size:10pt;">, pursuant to a consultancy agreement with </font><font style="font-family:Times New Roman;font-size:10pt;">Azara</font><font style="font-family:Times New Roman;font-size:10pt;"> effective January 1, 2013, relating to the services of Mr. George </font><font style="font-family:Times New Roman;font-size:10pt;">Economou</font><font style="font-family:Times New Roman;font-size:10pt;"> as Chief Executive Officer of the Company. The shares vest over a period of two years  with 50,000 shares vesting on the grant date, 50,000 shares vesting on August 20, 2014 and 50,000 vesting on August 20, 2015, respectively. The stock based compensation is being recognized to expenses over the vesting period and based on the fair v</font><font style="font-family:Times New Roman;font-size:10pt;">alue of the Ocean Rig s</font><font style="font-family:Times New Roman;font-size:10pt;">hares on the grant date of $17.56 per share.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><div style="text-align:right;"><font style="font-family:Times New Roman;font-size:8pt;margin-left:0px;">  </font></div><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">On March 31, 2014, Ocean Rig's Compensation Committee approved the grant of 153,700 shares of non-vested common stock to employees of Ocean Rig. The shares vest over a period of three years. The stock-based compensation is being recognized to expenses over the vesting period and based on the fair value of the Ocean Rig shares on the grant date of $17.79 per share.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Dividends of $0.19 per share were declared and paid to the non-vested shares during May 2014.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">As of June 30, 2014, 123,683 shares have vested, while 119,900 shares were forfeited due to employees' resignations.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">The movement during the six-month period ended June 30, 2014, is presented below:</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 428px; text-align:left;border-color:#000000;min-width:428px;"> </td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 118px; text-align:left;border-color:#000000;min-width:118px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 121px; text-align:left;border-color:#000000;min-width:121px;"> </td></tr><tr style="height: 17px"><td style="width: 428px; text-align:left;border-color:#000000;min-width:428px;"> </td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 118px; text-align:left;border-color:#000000;min-width:118px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 121px; text-align:left;border-color:#000000;min-width:121px;"> </td></tr><tr style="height: 85px"><td style="width: 428px; text-align:left;border-color:#000000;min-width:428px;"> </td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 118px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:118px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Number of non vested shares</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 121px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:121px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Weighted average grant date fair
value per non
vested
shares</font></td></tr><tr style="height: 27px"><td style="width: 428px; text-align:left;border-color:#000000;min-width:428px;"> </td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 118px; text-align:right;border-color:#000000;min-width:118px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 121px; text-align:right;border-color:#000000;min-width:121px;"> </td></tr><tr style="height: 17px"><td style="width: 428px; text-align:left;border-color:#000000;min-width:428px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Balance December 31, 2013</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 118px; text-align:right;border-color:#000000;min-width:118px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 239,867</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 121px; text-align:right;border-color:#000000;min-width:121px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 17.15</font></td></tr><tr style="height: 17px"><td style="width: 428px; text-align:left;border-color:#000000;min-width:428px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Granted</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 118px; text-align:right;border-color:#000000;min-width:118px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 153,700</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 121px; text-align:right;border-color:#000000;min-width:121px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 17.79</font></td></tr><tr style="height: 16px"><td style="width: 428px; text-align:left;border-color:#000000;min-width:428px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Forfeited</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 118px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:118px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> (26,850)</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 121px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:121px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 16.49</font></td></tr><tr style="height: 18px"><td style="width: 428px; text-align:left;border-color:#000000;min-width:428px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Balance June 30, 2014</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 118px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:118px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 366,717</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 121px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:121px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 17.47</font></td></tr><tr style="height: 13px"><td style="width: 428px; text-align:left;border-color:#000000;min-width:428px;"> </td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 118px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:118px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 121px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:121px;"> </td></tr><tr style="height: 17px"><td style="width: 428px; text-align:left;border-color:#000000;min-width:428px;"> </td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 118px; text-align:left;border-color:#000000;min-width:118px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 121px; text-align:left;border-color:#000000;min-width:121px;"> </td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">As of December 31, 2013 and June 30, 2014, there was $2,724 and $3,717 of total unrecognized compensation cost related to non-vested share-based compensation arrangements granted by the Company, respectively. That cost is expected to be recognized over a period of 2 years. The amounts of $591 and $1,655 represent the stock based compensation expense for each period accordingly and are recorded in "General and administrative expenses", in the accompanying unaudited interim condensed consolidated statements of operations for the periods ended June 30, 2013 and 2014, respectively.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p>
239867
153700
26850
366717
17.15
17.79
16.49
17.47
<div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 85px"><td style="width: 428px; text-align:left;border-color:#000000;min-width:428px;"> </td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 118px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:118px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Number of non vested shares</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 121px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:121px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Weighted average grant date fair
value per non
vested
shares</font></td></tr><tr style="height: 27px"><td style="width: 428px; text-align:left;border-color:#000000;min-width:428px;"> </td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 118px; text-align:right;border-color:#000000;min-width:118px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 121px; text-align:right;border-color:#000000;min-width:121px;"> </td></tr><tr style="height: 17px"><td style="width: 428px; text-align:left;border-color:#000000;min-width:428px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Balance December 31, 2013</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 118px; text-align:right;border-color:#000000;min-width:118px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 239,867</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 121px; text-align:right;border-color:#000000;min-width:121px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 17.15</font></td></tr><tr style="height: 17px"><td style="width: 428px; text-align:left;border-color:#000000;min-width:428px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Granted</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 118px; text-align:right;border-color:#000000;min-width:118px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 153,700</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 121px; text-align:right;border-color:#000000;min-width:121px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 17.79</font></td></tr><tr style="height: 16px"><td style="width: 428px; text-align:left;border-color:#000000;min-width:428px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Forfeited</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 118px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:118px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> (26,850)</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 121px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:121px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 16.49</font></td></tr><tr style="height: 18px"><td style="width: 428px; text-align:left;border-color:#000000;min-width:428px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Balance June 30, 2014</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 118px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:118px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 366,717</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 121px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:121px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 17.47</font></td></tr><tr style="height: 13px"><td style="width: 428px; text-align:left;border-color:#000000;min-width:428px;"> </td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 118px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:118px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 121px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:121px;"> </td></tr><tr style="height: 17px"><td style="width: 428px; text-align:left;border-color:#000000;min-width:428px;"> </td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"> </td><td style="width: 118px; text-align:left;border-color:#000000;min-width:118px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 121px; text-align:left;border-color:#000000;min-width:121px;"> </td></tr></table></div>
P3Y
4500
15.92
P3Y
15.92
28200
7500
15.75
192400
16.9
P3Y
93050
2724000
P2Y
591000
16.5
2000000
150000
P2Y
50000
50000
17.56
3717000
153700
P3Y
1655000
123683
119900
17.79
P3Y
112950
0.19
50000
2733000
10598000
26546000
0
<div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 357px; text-align:left;border-color:#000000;min-width:357px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">12. Interest and Finance Cost: </font></td><td style="width: 22px; text-align:left;border-color:#000000;min-width:22px;"> </td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 55px; text-align:left;border-color:#000000;min-width:55px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 75px; text-align:left;border-color:#000000;min-width:75px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 71px; text-align:left;border-color:#000000;min-width:71px;"> </td></tr><tr style="height: 29px"><td style="width: 357px; text-align:left;border-color:#000000;min-width:357px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">The amounts in the accompanying unaudited interim condensed consolidated statements of operations are analyzed as follows:</font></td><td style="width: 22px; text-align:left;border-color:#000000;min-width:22px;"> </td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 55px; text-align:left;border-color:#000000;min-width:55px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 75px; text-align:left;border-color:#000000;min-width:75px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 71px; text-align:left;border-color:#000000;min-width:71px;"> </td></tr><tr style="height: 17px"><td style="width: 357px; text-align:left;border-color:#000000;min-width:357px;"> </td><td style="width: 22px; text-align:left;border-color:#000000;min-width:22px;"> </td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 55px; text-align:left;border-color:#000000;min-width:55px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 75px; text-align:left;border-color:#000000;min-width:75px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 71px; text-align:left;border-color:#000000;min-width:71px;"> </td></tr><tr style="height: 36px"><td style="width: 357px; text-align:left;border-color:#000000;min-width:357px;"> </td><td style="width: 22px; text-align:left;border-color:#000000;min-width:22px;"> </td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 55px; text-align:left;border-color:#000000;min-width:55px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 17px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:17px;"> </td><td colspan="4" style="width: 176px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:176px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Six-month period ended June 30,</font></td></tr><tr style="height: 17px"><td style="width: 357px; text-align:left;border-color:#000000;min-width:357px;"> </td><td style="width: 22px; text-align:left;border-color:#000000;min-width:22px;"> </td><td style="width: 17px; text-align:center;border-color:#000000;min-width:17px;"> </td><td style="width: 55px; text-align:center;border-color:#000000;min-width:55px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td colspan="2" style="width: 92px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:92px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2013</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 17px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 71px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:71px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">2014</font></td></tr><tr style="height: 34px"><td style="width: 357px; text-align:left;border-color:#000000;min-width:357px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Interest on long-term debt, including amortization of financing costs</font></td><td style="width: 22px; text-align:right;border-color:#000000;min-width:22px;"> </td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 17px; text-align:right;border-color:#000000;min-width:17px;"> </td><td style="width: 17px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:17px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 75px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 85,436</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 17px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:17px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 71px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:71px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 139,241</font></td></tr><tr style="height: 17px"><td style="width: 357px; text-align:left;border-color:#000000;min-width:357px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Capitalized borrowing costs</font></td><td style="width: 22px; text-align:right;border-color:#000000;min-width:22px;"> </td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 17px; text-align:right;border-color:#000000;min-width:17px;"> </td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (31,215)</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 17px; text-align:right;border-color:#000000;min-width:17px;"> </td><td style="width: 71px; text-align:right;border-color:#000000;min-width:71px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> (18,037)</font></td></tr><tr style="height: 17px"><td style="width: 357px; text-align:left;border-color:#000000;min-width:357px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Premium on 9,5% Senior Unsecured Notes (Note 8)</font></td><td style="width: 22px; text-align:right;border-color:#000000;min-width:22px;"> </td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 17px; text-align:right;border-color:#000000;min-width:17px;"> </td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> -</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 17px; text-align:right;border-color:#000000;min-width:17px;"> </td><td style="width: 71px; text-align:right;border-color:#000000;min-width:71px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 26,546</font></td></tr><tr style="height: 17px"><td style="width: 357px; text-align:left;border-color:#000000;min-width:357px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Bank charges and other financial expenses</font></td><td style="width: 22px; text-align:right;border-color:#000000;min-width:22px;"> </td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 17px; text-align:right;border-color:#000000;min-width:17px;"> </td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 10,598</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 17px; text-align:right;border-color:#000000;min-width:17px;"> </td><td style="width: 71px; text-align:right;border-color:#000000;min-width:71px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 2,733</font></td></tr><tr style="height: 2px"><td style="width: 357px; text-align:left;border-color:#000000;min-width:357px;"> </td><td style="width: 22px; text-align:right;border-color:#000000;min-width:22px;"> </td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 17px; text-align:right;border-color:#000000;min-width:17px;"> </td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 17px; text-align:right;border-color:#000000;min-width:17px;"> </td><td style="width: 71px; text-align:left;border-color:#000000;min-width:71px;"> </td></tr><tr style="height: 17px"><td style="width: 357px; text-align:left;border-color:#000000;min-width:357px;"> </td><td style="width: 22px; text-align:right;border-color:#000000;min-width:22px;"> </td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 17px; text-align:right;border-color:#000000;min-width:17px;"> </td><td style="width: 17px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 75px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:75px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 17px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:17px;"> </td><td style="width: 71px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:71px;"> </td></tr><tr style="height: 17px"><td style="width: 357px; text-align:left;border-color:#000000;min-width:357px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Total</font></td><td style="width: 22px; text-align:right;border-color:#000000;min-width:22px;"> </td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 17px; text-align:right;border-color:#000000;min-width:17px;"> </td><td style="width: 17px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:17px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 75px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 64,819</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 17px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:17px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 71px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:center;border-color:#000000;min-width:71px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;"> 150,483</font></td></tr></table></div>
<div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 36px"><td style="width: 357px; text-align:left;border-color:#000000;min-width:357px;"> </td><td style="width: 22px; text-align:left;border-color:#000000;min-width:22px;"> </td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 55px; text-align:left;border-color:#000000;min-width:55px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 17px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:17px;"> </td><td colspan="4" style="width: 176px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:176px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Six-month period ended June 30,</font></td></tr><tr style="height: 17px"><td style="width: 357px; text-align:left;border-color:#000000;min-width:357px;"> </td><td style="width: 22px; text-align:left;border-color:#000000;min-width:22px;"> </td><td style="width: 17px; text-align:center;border-color:#000000;min-width:17px;"> </td><td style="width: 55px; text-align:center;border-color:#000000;min-width:55px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td colspan="2" style="width: 92px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:92px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2013</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 17px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 71px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:71px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">2014</font></td></tr><tr style="height: 34px"><td style="width: 357px; text-align:left;border-color:#000000;min-width:357px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Interest on long-term debt, including amortization of financing costs</font></td><td style="width: 22px; text-align:right;border-color:#000000;min-width:22px;"> </td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 17px; text-align:right;border-color:#000000;min-width:17px;"> </td><td style="width: 17px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:17px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 75px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 85,436</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 17px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:17px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 71px; border-top-style:solid;border-top-width:2px;text-align:right;border-color:#000000;min-width:71px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 139,241</font></td></tr><tr style="height: 17px"><td style="width: 357px; text-align:left;border-color:#000000;min-width:357px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Capitalized borrowing costs</font></td><td style="width: 22px; text-align:right;border-color:#000000;min-width:22px;"> </td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 17px; text-align:right;border-color:#000000;min-width:17px;"> </td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (31,215)</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 17px; text-align:right;border-color:#000000;min-width:17px;"> </td><td style="width: 71px; text-align:right;border-color:#000000;min-width:71px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> (18,037)</font></td></tr><tr style="height: 17px"><td style="width: 357px; text-align:left;border-color:#000000;min-width:357px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Premium on 9,5% Senior Unsecured Notes (Note 8)</font></td><td style="width: 22px; text-align:right;border-color:#000000;min-width:22px;"> </td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 17px; text-align:right;border-color:#000000;min-width:17px;"> </td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> -</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 17px; text-align:right;border-color:#000000;min-width:17px;"> </td><td style="width: 71px; text-align:right;border-color:#000000;min-width:71px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 26,546</font></td></tr><tr style="height: 17px"><td style="width: 357px; text-align:left;border-color:#000000;min-width:357px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Bank charges and other financial expenses</font></td><td style="width: 22px; text-align:right;border-color:#000000;min-width:22px;"> </td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 17px; text-align:right;border-color:#000000;min-width:17px;"> </td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 10,598</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 17px; text-align:right;border-color:#000000;min-width:17px;"> </td><td style="width: 71px; text-align:right;border-color:#000000;min-width:71px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 2,733</font></td></tr><tr style="height: 2px"><td style="width: 357px; text-align:left;border-color:#000000;min-width:357px;"> </td><td style="width: 22px; text-align:right;border-color:#000000;min-width:22px;"> </td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 17px; text-align:right;border-color:#000000;min-width:17px;"> </td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 17px; text-align:right;border-color:#000000;min-width:17px;"> </td><td style="width: 71px; text-align:left;border-color:#000000;min-width:71px;"> </td></tr><tr style="height: 17px"><td style="width: 357px; text-align:left;border-color:#000000;min-width:357px;"> </td><td style="width: 22px; text-align:right;border-color:#000000;min-width:22px;"> </td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 17px; text-align:right;border-color:#000000;min-width:17px;"> </td><td style="width: 17px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 75px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:75px;"> </td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 17px; border-bottom-style:solid;border-bottom-width:2px;text-align:right;border-color:#000000;min-width:17px;"> </td><td style="width: 71px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:71px;"> </td></tr><tr style="height: 17px"><td style="width: 357px; text-align:left;border-color:#000000;min-width:357px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Total</font></td><td style="width: 22px; text-align:right;border-color:#000000;min-width:22px;"> </td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 55px; text-align:right;border-color:#000000;min-width:55px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 17px; text-align:right;border-color:#000000;min-width:17px;"> </td><td style="width: 17px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:17px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 75px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 64,819</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"> </td><td style="width: 17px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:17px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 71px; border-top-style:solid;border-top-width:2px;border-bottom-style:double;border-bottom-width:3px;text-align:center;border-color:#000000;min-width:71px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;"> 150,483</font></td></tr></table></div>
<p style='margin-top:0pt; margin-bottom:10pt'><font style="font-family:Calibri;font-size:10pt;font-weight:bold;margin-left:0px;">11. Income Tax:</font></p><p style='margin-top:0pt; margin-bottom:10pt'><font style="font-family:Calibri;font-size:10pt;margin-left:0px;">Ocean Rig UDW operates through its various subsidiaries in a number of countries throughout the world. Income taxes have been provided based upon the tax laws and rates in the countries in which operations are conducted and income is earned. The countries in which the Company operates have taxation regimes with varying nominal rates, deductions, credits and other tax attributes. Consequently, there is not an expected relationship between the provision for/or benefit from income taxes and income or loss before income taxes.</font></p><p style='margin-top:0pt; margin-bottom:10pt'> </p>
40000
194000
<div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 36px"><td style="width: 232px; text-align:left;border-color:#000000;min-width:232px;"> </td><td colspan="17" style="width: 673px; text-align:center;border-color:#000000;min-width:673px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Six-month period ended June 30,</font></td><td style="width: 18px; text-align:center;border-color:#000000;min-width:18px;"> </td></tr><tr style="height: 30px"><td style="width: 232px; text-align:left;border-color:#000000;min-width:232px;"> </td><td colspan="5" style="width: 308px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:308px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2013</font></td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;"> </td><td colspan="5" style="width: 343px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:343px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2014</font></td><td style="width: 7px; text-align:center;border-color:#000000;min-width:7px;"> </td><td style="width: 18px; text-align:center;border-color:#000000;min-width:18px;"> </td></tr><tr style="height: 102px"><td style="width: 232px; text-align:left;border-color:#000000;min-width:232px;"> </td><td style="width: 96px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:96px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Income
(numerator)</font></td><td style="width: 10px; border-top-style:solid;border-top-width:2px;text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 96px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:96px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Weighted-
average
number of
outstanding
shares
(denominator) </font></td><td style="width: 10px; border-top-style:solid;border-top-width:2px;text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 96px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:96px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Amount per share</font></td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;"> </td><td style="width: 96px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:96px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Income
(numerator)</font></td><td style="width: 32px; border-top-style:solid;border-top-width:2px;text-align:center;border-color:#000000;min-width:32px;"> </td><td style="width: 96px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:96px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Weighted-
average
number of
outstanding
shares
(denominator) </font></td><td style="width: 23px; border-top-style:solid;border-top-width:2px;text-align:center;border-color:#000000;min-width:23px;"> </td><td style="width: 96px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:96px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Amount per share</font></td><td style="width: 7px; text-align:center;border-color:#000000;min-width:7px;"> </td><td style="width: 18px; text-align:center;border-color:#000000;min-width:18px;"> </td></tr><tr style="height: 17px"><td style="width: 232px; text-align:left;border-color:#000000;min-width:232px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Net income</font></td><td style="width: 96px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:96px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$ 45,138</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 96px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:96px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> -</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 96px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:96px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> -</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 96px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:96px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$ 68,050</font></td><td style="width: 32px; text-align:right;border-color:#000000;min-width:32px;"> </td><td style="width: 96px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:96px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> -</font></td><td style="width: 23px; text-align:right;border-color:#000000;min-width:23px;"> </td><td style="width: 96px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:96px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> -</font></td><td style="width: 7px; text-align:right;border-color:#000000;min-width:7px;"> </td><td style="width: 18px; text-align:left;border-color:#000000;min-width:18px;"> </td></tr><tr style="height: 17px"><td style="width: 232px; text-align:left;border-color:#000000;min-width:232px;"> </td><td style="width: 96px; text-align:right;border-color:#000000;min-width:96px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 96px; text-align:right;border-color:#000000;min-width:96px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 96px; text-align:right;border-color:#000000;min-width:96px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 96px; text-align:right;border-color:#000000;min-width:96px;"> </td><td style="width: 32px; text-align:right;border-color:#000000;min-width:32px;"> </td><td style="width: 96px; text-align:right;border-color:#000000;min-width:96px;"> </td><td style="width: 23px; text-align:right;border-color:#000000;min-width:23px;"> </td><td style="width: 96px; text-align:right;border-color:#000000;min-width:96px;"> </td><td style="width: 7px; text-align:right;border-color:#000000;min-width:7px;"> </td><td style="width: 18px; text-align:left;border-color:#000000;min-width:18px;"> </td></tr><tr style="height: 51px"><td style="width: 232px; text-align:left;border-color:#000000;min-width:232px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Less: Non-vested common stock dividends declared and undistributed earnings</font></td><td style="width: 96px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:96px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (40)</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 96px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:96px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">-</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 96px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:96px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">-</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 96px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:96px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (194)</font></td><td style="width: 32px; text-align:right;border-color:#000000;min-width:32px;"> </td><td style="width: 96px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:96px;"> </td><td style="width: 23px; text-align:right;border-color:#000000;min-width:23px;"> </td><td style="width: 96px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:96px;"> </td><td style="width: 7px; text-align:right;border-color:#000000;min-width:7px;"> </td><td style="width: 18px; text-align:left;border-color:#000000;min-width:18px;"> </td></tr><tr style="height: 17px"><td style="width: 232px; text-align:left;border-color:#000000;min-width:232px;"> </td><td style="width: 96px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:96px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 96px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:96px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 96px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:96px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 96px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:96px;"> </td><td style="width: 32px; text-align:right;border-color:#000000;min-width:32px;"> </td><td style="width: 96px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:96px;"> </td><td style="width: 23px; text-align:right;border-color:#000000;min-width:23px;"> </td><td style="width: 96px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:96px;"> </td><td style="width: 7px; text-align:right;border-color:#000000;min-width:7px;"> </td><td style="width: 18px; text-align:left;border-color:#000000;min-width:18px;"> </td></tr><tr style="height: 34px"><td style="width: 232px; text-align:left;border-color:#000000;min-width:232px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Basic and diluted EPS Income attributable to common stockholders</font></td><td style="width: 96px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:96px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$ 45,098</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 96px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:96px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 131,705,782</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 96px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:96px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$ 0.34</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 96px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:96px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$ 67,856</font></td><td style="width: 32px; text-align:right;border-color:#000000;min-width:32px;"> </td><td style="width: 96px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:96px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 131,837,490</font></td><td style="width: 23px; text-align:right;border-color:#000000;min-width:23px;"> </td><td style="width: 96px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:96px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$ 0.51</font></td><td style="width: 7px; text-align:right;border-color:#000000;min-width:7px;"> </td><td style="width: 18px; text-align:left;border-color:#000000;min-width:18px;"> </td></tr></table></div>
<div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 232px; text-align:left;border-color:#000000;min-width:232px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">13. Earnings per share</font></td><td style="width: 96px; text-align:left;border-color:#000000;min-width:96px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 96px; text-align:left;border-color:#000000;min-width:96px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 96px; text-align:left;border-color:#000000;min-width:96px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 96px; text-align:left;border-color:#000000;min-width:96px;"> </td><td style="width: 32px; text-align:left;border-color:#000000;min-width:32px;"> </td><td style="width: 96px; text-align:left;border-color:#000000;min-width:96px;"> </td><td style="width: 23px; text-align:left;border-color:#000000;min-width:23px;"> </td><td style="width: 96px; text-align:left;border-color:#000000;min-width:96px;"> </td><td style="width: 7px; text-align:left;border-color:#000000;min-width:7px;"> </td><td style="width: 18px; text-align:left;border-color:#000000;min-width:18px;"> </td></tr><tr style="height: 17px"><td style="width: 232px; text-align:left;border-color:#000000;min-width:232px;"> </td><td style="width: 96px; text-align:left;border-color:#000000;min-width:96px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 96px; text-align:left;border-color:#000000;min-width:96px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 96px; text-align:left;border-color:#000000;min-width:96px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 96px; text-align:left;border-color:#000000;min-width:96px;"> </td><td style="width: 32px; text-align:left;border-color:#000000;min-width:32px;"> </td><td style="width: 96px; text-align:left;border-color:#000000;min-width:96px;"> </td><td style="width: 23px; text-align:left;border-color:#000000;min-width:23px;"> </td><td style="width: 96px; text-align:left;border-color:#000000;min-width:96px;"> </td><td style="width: 7px; text-align:left;border-color:#000000;min-width:7px;"> </td><td style="width: 18px; text-align:left;border-color:#000000;min-width:18px;"> </td></tr><tr style="height: 17px"><td style="width: 232px; text-align:left;border-color:#000000;min-width:232px;"> </td><td style="width: 96px; text-align:left;border-color:#000000;min-width:96px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 96px; text-align:left;border-color:#000000;min-width:96px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 96px; text-align:left;border-color:#000000;min-width:96px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 96px; text-align:left;border-color:#000000;min-width:96px;"> </td><td style="width: 32px; text-align:left;border-color:#000000;min-width:32px;"> </td><td style="width: 96px; text-align:left;border-color:#000000;min-width:96px;"> </td><td style="width: 23px; text-align:left;border-color:#000000;min-width:23px;"> </td><td style="width: 96px; text-align:left;border-color:#000000;min-width:96px;"> </td><td style="width: 7px; text-align:left;border-color:#000000;min-width:7px;"> </td><td style="width: 18px; text-align:left;border-color:#000000;min-width:18px;"> </td></tr><tr style="height: 36px"><td style="width: 232px; text-align:left;border-color:#000000;min-width:232px;"> </td><td colspan="17" style="width: 673px; text-align:center;border-color:#000000;min-width:673px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Six-month period ended June 30,</font></td><td style="width: 18px; text-align:center;border-color:#000000;min-width:18px;"> </td></tr><tr style="height: 30px"><td style="width: 232px; text-align:left;border-color:#000000;min-width:232px;"> </td><td colspan="5" style="width: 308px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:308px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2013</font></td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;"> </td><td colspan="5" style="width: 343px; border-bottom-style:solid;border-bottom-width:2px;text-align:center;border-color:#000000;min-width:343px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2014</font></td><td style="width: 7px; text-align:center;border-color:#000000;min-width:7px;"> </td><td style="width: 18px; text-align:center;border-color:#000000;min-width:18px;"> </td></tr><tr style="height: 102px"><td style="width: 232px; text-align:left;border-color:#000000;min-width:232px;"> </td><td style="width: 96px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:96px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Income
(numerator)</font></td><td style="width: 10px; border-top-style:solid;border-top-width:2px;text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 96px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:96px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Weighted-
average
number of
outstanding
shares
(denominator) </font></td><td style="width: 10px; border-top-style:solid;border-top-width:2px;text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 96px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:96px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Amount per share</font></td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;"> </td><td style="width: 96px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:96px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Income
(numerator)</font></td><td style="width: 32px; border-top-style:solid;border-top-width:2px;text-align:center;border-color:#000000;min-width:32px;"> </td><td style="width: 96px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:96px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Weighted-
average
number of
outstanding
shares
(denominator) </font></td><td style="width: 23px; border-top-style:solid;border-top-width:2px;text-align:center;border-color:#000000;min-width:23px;"> </td><td style="width: 96px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:96px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Amount per share</font></td><td style="width: 7px; text-align:center;border-color:#000000;min-width:7px;"> </td><td style="width: 18px; text-align:center;border-color:#000000;min-width:18px;"> </td></tr><tr style="height: 17px"><td style="width: 232px; text-align:left;border-color:#000000;min-width:232px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Net income</font></td><td style="width: 96px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:96px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$ 45,138</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 96px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:96px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> -</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 96px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:96px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> -</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 96px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:96px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$ 68,050</font></td><td style="width: 32px; text-align:right;border-color:#000000;min-width:32px;"> </td><td style="width: 96px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:96px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> -</font></td><td style="width: 23px; text-align:right;border-color:#000000;min-width:23px;"> </td><td style="width: 96px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:96px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> -</font></td><td style="width: 7px; text-align:right;border-color:#000000;min-width:7px;"> </td><td style="width: 18px; text-align:left;border-color:#000000;min-width:18px;"> </td></tr><tr style="height: 17px"><td style="width: 232px; text-align:left;border-color:#000000;min-width:232px;"> </td><td style="width: 96px; text-align:right;border-color:#000000;min-width:96px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 96px; text-align:right;border-color:#000000;min-width:96px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 96px; text-align:right;border-color:#000000;min-width:96px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 96px; text-align:right;border-color:#000000;min-width:96px;"> </td><td style="width: 32px; text-align:right;border-color:#000000;min-width:32px;"> </td><td style="width: 96px; text-align:right;border-color:#000000;min-width:96px;"> </td><td style="width: 23px; text-align:right;border-color:#000000;min-width:23px;"> </td><td style="width: 96px; text-align:right;border-color:#000000;min-width:96px;"> </td><td style="width: 7px; text-align:right;border-color:#000000;min-width:7px;"> </td><td style="width: 18px; text-align:left;border-color:#000000;min-width:18px;"> </td></tr><tr style="height: 51px"><td style="width: 232px; text-align:left;border-color:#000000;min-width:232px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Less: Non-vested common stock dividends declared and undistributed earnings</font></td><td style="width: 96px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:96px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (40)</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 96px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:96px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">-</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 96px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:96px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">-</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 96px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:96px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> (194)</font></td><td style="width: 32px; text-align:right;border-color:#000000;min-width:32px;"> </td><td style="width: 96px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:96px;"> </td><td style="width: 23px; text-align:right;border-color:#000000;min-width:23px;"> </td><td style="width: 96px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:96px;"> </td><td style="width: 7px; text-align:right;border-color:#000000;min-width:7px;"> </td><td style="width: 18px; text-align:left;border-color:#000000;min-width:18px;"> </td></tr><tr style="height: 17px"><td style="width: 232px; text-align:left;border-color:#000000;min-width:232px;"> </td><td style="width: 96px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:96px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 96px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:96px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 96px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:96px;"> </td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 96px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:96px;"> </td><td style="width: 32px; text-align:right;border-color:#000000;min-width:32px;"> </td><td style="width: 96px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:96px;"> </td><td style="width: 23px; text-align:right;border-color:#000000;min-width:23px;"> </td><td style="width: 96px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:96px;"> </td><td style="width: 7px; text-align:right;border-color:#000000;min-width:7px;"> </td><td style="width: 18px; text-align:left;border-color:#000000;min-width:18px;"> </td></tr><tr style="height: 34px"><td style="width: 232px; text-align:left;border-color:#000000;min-width:232px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Basic and diluted EPS Income attributable to common stockholders</font></td><td style="width: 96px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:96px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$ 45,098</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 96px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:96px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 131,705,782</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 96px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:96px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$ 0.34</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 96px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:96px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$ 67,856</font></td><td style="width: 32px; text-align:right;border-color:#000000;min-width:32px;"> </td><td style="width: 96px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:96px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 131,837,490</font></td><td style="width: 23px; text-align:right;border-color:#000000;min-width:23px;"> </td><td style="width: 96px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:96px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$ 0.51</font></td><td style="width: 7px; text-align:right;border-color:#000000;min-width:7px;"> </td><td style="width: 18px; text-align:left;border-color:#000000;min-width:18px;"> </td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Non-vested share-based payment awards that contain rights to receive non forfeitable dividends or dividend equivalents (whether paid or unpaid) and participate equally in undistributed earnings are participating securities and, thus, are included in the two-class method of computing earnings per share for the six-months period ended June 30, 2013 and 2014. The non-vested participating restricted common stock were not included in the computation of diluted earnings per share because the effect is anti-dilutive.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'> </p>
<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">14. Commitments and Contingencies:</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">14.1 Legal proceedings:</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Various claims, suits, and complaints, including those involving government regulations and product liability, arise in the ordinary course of the offshore drilling business.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">The Company has obtained insurance for the assessed market value of the rigs and the </font><font style="font-family:Times New Roman;font-size:10pt;">drillships</font><font style="font-family:Times New Roman;font-size:10pt;">. However, such insurance coverage may not provide sufficient funds to protect the Company from all liabilities that could result from its operations in all situations. Risks against which the Company may not be fully insured or insurable for include environmental liabilities, which may result from a blow-out or similar accident, or liabilities resulting from reservoir damage alleged to have been caused by the negligence of the Company.</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:6pt;margin-left:0px;"> </font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">The Company's loss of hire insurance coverage does not protect against loss of income from day one. It covers approximately one year for the loss of time but will be effective after 45 days' off-hire. During 2012, the Ocean Rig Corcovado incurred off-hire due to a failure in one of its engines which was a covered event under the loss of hire policy that resulted in $24.6 million being recognized as revenue during the year ended December 31, 2012. The amount of $24.6 million was reimbursed by the insurers to the Company in August 2012. During 2014, the Ocean Rig Corcovado incurred off-hire for the same event and as a result an additional amount of $20.2 million for the above covered event was recognized as revenue during the six-month period ended June 30, 2014 and was reimbursed during the same period.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">The occurrence of casualty or loss, against which the Company is not fully insured, could have a material adverse effect on the Company's results of operations and financial condition.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">As part of the Company's normal course of operations, the Company's customer</font><font style="font-family:Times New Roman;font-size:10pt;">s</font><font style="font-family:Times New Roman;font-size:10pt;"> may disagree on amounts due to the Company under the provision of the contracts which are normally settled through negotiations with the customer. Disputed amounts are normally reflected in revenues at such time as the Company reaches agreement with the customer on the amounts due. During 2014, the Ocean Rig </font><font style="font-family:Times New Roman;font-size:10pt;">Mylos</font><font style="font-family:Times New Roman;font-size:10pt;"> incurred off-hire due to damage to the blow-out-preventer stack during testing, which was a covered event under the loss of hire policy that resulted in $23.3 million being recognized as revenue during the year six-month period ended June 30, 2014.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">On May 10, 2013, Drillship Hydra Owners Inc., being the owning company of </font><font style="font-family:Times New Roman;font-size:10pt;">the drillship</font><font style="font-family:Times New Roman;font-size:10pt;"> Ocean Rig Corcovado, filed a claim against Capricorn Greenland Exploration 1 Limited and Cairn Energy Plc with the High Court in London in connection with the loss of daily earnings and cost of repair for the blowout preventer of the Ocean Rig Corcovado in June and July 2011. In July 2013, the Company reached an out of court commercial agreement with Capricorn Greenland Exploration 1 Limited and Cairn Energy Plc to receive compensation amounting to $5.0 million</font><font style="font-family:Times New Roman;font-size:10pt;">,</font><font style="font-family:Times New Roman;font-size:10pt;"> and a Settlement Agreement and Release dated September 12, 2013 was entered into and the relevant claim filed in the High Court in London, U.K. was dropped. In this respect, the Company</font><font style="font-family:Times New Roman;font-size:10pt;">,</font><font style="font-family:Times New Roman;font-size:10pt;"> having previously recognized a receivable of $11.0 million, recorded a char</font><font style="font-family:Times New Roman;font-size:10pt;">ge of $6.0 million in June 2013</font><font style="font-family:Times New Roman;font-size:10pt;"> in the respective consolidated statement of operations.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Except for the matters discussed above, the Company is not a party to any material litigation where claims or counterclaims have been filed against the Company other than routine legal proceedings incidental to its business.</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;"><br/> </font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">14.2 Purchase Obligations:</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">The following table sets forth the Company's contractual purchase obligations as of June 30, 2014.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 343px; text-align:left;border-color:#000000;min-width:343px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 95px; text-align:left;border-color:#000000;min-width:95px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 101px; text-align:left;border-color:#000000;min-width:101px;"> </td><td style="width: 111px; text-align:left;border-color:#000000;min-width:111px;"> </td><td style="width: 105px; text-align:left;border-color:#000000;min-width:105px;"> </td></tr><tr style="height: 6px"><td style="width: 343px; text-align:left;border-color:#000000;min-width:343px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 95px; text-align:left;border-color:#000000;min-width:95px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 101px; text-align:left;border-color:#000000;min-width:101px;"> </td><td style="width: 111px; text-align:left;border-color:#000000;min-width:111px;"> </td><td style="width: 105px; text-align:left;border-color:#000000;min-width:105px;"> </td></tr><tr style="height: 8px"><td style="width: 343px; text-align:left;border-color:#000000;min-width:343px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 95px; text-align:left;border-color:#000000;min-width:95px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 101px; text-align:left;border-color:#000000;min-width:101px;"> </td><td style="width: 111px; text-align:left;border-color:#000000;min-width:111px;"> </td><td style="width: 105px; text-align:left;border-color:#000000;min-width:105px;"> </td></tr><tr style="height: 37px"><td style="width: 343px; text-align:left;border-color:#000000;min-width:343px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 95px; text-align:left;border-color:#000000;min-width:95px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 101px; text-align:left;border-color:#000000;min-width:101px;"> </td><td style="width: 111px; text-align:left;border-color:#000000;min-width:111px;"> </td><td style="width: 105px; text-align:left;border-color:#000000;min-width:105px;"> </td></tr><tr style="height: 28px"><td style="width: 343px; text-align:left;border-color:#000000;min-width:343px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 95px; text-align:center;border-color:#000000;min-width:95px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Within 1 year</font></td><td style="width: 10px; text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 101px; text-align:center;border-color:#000000;min-width:101px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Within 2 years</font></td><td style="width: 111px; text-align:center;border-color:#000000;min-width:111px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Within 3 years</font></td><td style="width: 105px; text-align:center;border-color:#000000;min-width:105px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Total</font></td></tr><tr style="height: 23px"><td style="width: 343px; text-align:left;border-color:#000000;min-width:343px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Drillships shipbuilding contracts</font></td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 95px; text-align:right;border-color:#000000;min-width:95px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 502,700</font></td><td style="width: 10px; text-align:right;border-color:#000000;min-width:10px;"> </td><td style="width: 101px; text-align:right;border-color:#000000;min-width:101px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 498,200</font></td><td style="width: 111px; text-align:center;border-color:#000000;min-width:111px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;"> 928,000</font></td><td style="width: 105px; text-align:right;border-color:#000000;min-width:105px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 1,928,900</font></td></tr><tr style="height: 18px"><td style="width: 343px; text-align:left;border-color:#000000;min-width:343px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Total obligations</font><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;"> </font></td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">$</font></td><td style="width: 95px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:95px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 502,700</font></td><td style="width: 10px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:10px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> -</font></td><td style="width: 101px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:101px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 498,200</font></td><td style="width: 111px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:111px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 928,000</font></td><td style="width: 105px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:105px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 1,928,900</font></td></tr><tr style="height: 18px"><td style="width: 343px; text-align:left;border-color:#000000;min-width:343px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 95px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:95px;"> </td><td style="width: 10px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 101px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:101px;"> </td><td style="width: 111px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:111px;"> </td><td style="width: 105px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:105px;"> </td></tr></table></div>
502700000
498200000
1928900000
1928900000
498200000
502700000
<div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 28px"><td style="width: 343px; text-align:left;border-color:#000000;min-width:343px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 95px; text-align:center;border-color:#000000;min-width:95px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Within 1 year</font></td><td style="width: 10px; text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 101px; text-align:center;border-color:#000000;min-width:101px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Within 2 years</font></td><td style="width: 111px; text-align:center;border-color:#000000;min-width:111px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Within 3 years</font></td><td style="width: 105px; text-align:center;border-color:#000000;min-width:105px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Total</font></td></tr><tr style="height: 23px"><td style="width: 343px; text-align:left;border-color:#000000;min-width:343px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Drillships shipbuilding contracts</font></td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 95px; text-align:right;border-color:#000000;min-width:95px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 502,700</font></td><td style="width: 10px; text-align:right;border-color:#000000;min-width:10px;"> </td><td style="width: 101px; text-align:right;border-color:#000000;min-width:101px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 498,200</font></td><td style="width: 111px; text-align:center;border-color:#000000;min-width:111px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;"> 928,000</font></td><td style="width: 105px; text-align:right;border-color:#000000;min-width:105px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 1,928,900</font></td></tr><tr style="height: 18px"><td style="width: 343px; text-align:left;border-color:#000000;min-width:343px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Total obligations</font><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;"> </font></td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">$</font></td><td style="width: 95px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:95px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 502,700</font></td><td style="width: 10px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:10px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> -</font></td><td style="width: 101px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:101px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 498,200</font></td><td style="width: 111px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:111px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 928,000</font></td><td style="width: 105px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:105px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 1,928,900</font></td></tr><tr style="height: 18px"><td style="width: 343px; text-align:left;border-color:#000000;min-width:343px;"> </td><td style="width: 16px; text-align:left;border-color:#000000;min-width:16px;"> </td><td style="width: 95px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:95px;"> </td><td style="width: 10px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 101px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:101px;"> </td><td style="width: 111px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:111px;"> </td><td style="width: 105px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:105px;"> </td></tr></table></div>
928000000
928000000
5000000
24600000
20200000
23300000
6000000
11000000
<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">15. Subsequent Events:</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">15.1</font><font style="font-family:Times New Roman;font-size:10pt;"> On July 21, 2014, the Company announced that its Board of Directors declared a quarterly cash dividend with respect to the quarter ended June 30, 2014 of $0.19 per common share, to shareholders on record as of August 01, 2014 and payable on or about August 11, 2014</font><font style="font-family:Times New Roman;font-size:10pt;">.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">15.2</font><font style="font-family:Times New Roman;font-size:10pt;"> On July 25, 201</font><font style="font-family:Times New Roman;font-size:10pt;">4, the Company entered into a $</font><font style="font-family:Times New Roman;font-size:10pt;">1</font><font style="font-family:Times New Roman;font-size:10pt;">.3</font><font style="font-family:Times New Roman;font-size:10pt;"> billion Senior Secured Term Loan B facility to refinance the $1.35 billion Senior Secured Credit Facility (Note 8), which had a balance of approx</font><font style="font-family:Times New Roman;font-size:10pt;">imately</font><font style="font-family:Times New Roman;font-size:10pt;"> $1.3 billion on that date. Consequently, an amount of $75 million which was previously restricted under the $1.35 billion facility was released to the Company. The new Term Loan B facility is secured primarily by first priority mortgages on the </font><font style="font-family:Times New Roman;font-size:10pt;">drillships</font><font style="font-family:Times New Roman;font-size:10pt;">, Ocean Rig </font><font style="font-family:Times New Roman;font-size:10pt;">Mylos</font><font style="font-family:Times New Roman;font-size:10pt;">, Ocean Rig Skyros and Ocean Rig Athena, bears interest at </font><font style="font-family:Times New Roman;font-size:10pt;">fixed rate</font><font style="font-family:Times New Roman;font-size:10pt;">, and matures on July 25, 2021</font><font style="font-family:Times New Roman;font-size:10pt;">.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p>
0.19
1300000000
1300000000
75000000
2021-07-25
Fixed rate