RDC » Topics » Environmental Matters

These excerpts taken from the RDC 10-K filed Mar 2, 2009.
Environmental Matters
 
Environmental remediation costs are accrued using estimates of future monitoring, testing and clean-up costs where it is probable that such costs will be incurred. Estimates of future monitoring, testing and clean-up costs and assessments of the probability that such costs will be incurred incorporate many factors, including: approved monitoring, testing and/or remediation plans; ongoing communications with environmental regulatory agencies; the expected duration of remediation measures; historical monitoring, testing and clean-up costs and current and anticipated operational plans and manufacturing processes. Ongoing environmental compliance costs are expensed as incurred and expenditures to mitigate or prevent future environmental contamination are capitalized.


60


Table of Contents

 
Rowan Companies, Inc.
 
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
 
Environmental reserves at December 31, 2008 and 2007 were not material. See Note 9 for further information regarding the Company’s environmental liabilities.
 
Environmental
Matters



 



Environmental remediation costs are accrued using estimates of
future monitoring, testing and
clean-up
costs where it is probable that such costs will be incurred.
Estimates of future monitoring, testing and
clean-up
costs and assessments of the probability that such costs will be
incurred incorporate many factors, including: approved
monitoring, testing
and/or
remediation plans; ongoing communications with environmental
regulatory agencies; the expected duration of remediation
measures; historical monitoring, testing and
clean-up
costs and current and anticipated operational plans and
manufacturing processes. Ongoing environmental compliance costs
are expensed as incurred and expenditures to mitigate or prevent
future environmental contamination are capitalized.





60





Table of Contents





 




Rowan
Companies, Inc.




 




NOTES TO
CONSOLIDATED FINANCIAL
STATEMENTS — (Continued)


 



Environmental reserves at December 31, 2008 and 2007 were
not material. See Note 9 for further information regarding
the Company’s environmental liabilities.


 




These excerpts taken from the RDC 10-K filed Feb 29, 2008.
Environmental Matters
 
Environmental remediation costs are accrued using estimates of future monitoring, testing and clean-up costs where it is probable that such costs will be incurred. Estimates of future monitoring, testing and clean-up costs and assessments of the probability that such costs will be incurred incorporate many factors, including: approved monitoring, testing and/or remediation plans; ongoing communications with environmental regulatory agencies; the expected duration of remediation measures; historical monitoring, testing and clean-up costs and current and anticipated operational plans and manufacturing processes. Ongoing environmental compliance costs are expensed as incurred and expenditures to mitigate or prevent future environmental contamination are capitalized. The Company’s reserves for environmental remediation costs at December 31, 2007 and 2006 were not material. See Note 9 for further information regarding the Company’s environmental liabilities.
 
Environmental
Matters



 



Environmental remediation costs are accrued using estimates of
future monitoring, testing and
clean-up
costs where it is probable that such costs will be incurred.
Estimates of future monitoring, testing and
clean-up
costs and assessments of the probability that such costs will be
incurred incorporate many factors, including: approved
monitoring, testing
and/or
remediation plans; ongoing communications with environmental
regulatory agencies; the expected duration of remediation
measures; historical monitoring, testing and
clean-up
costs and current and anticipated operational plans and
manufacturing processes. Ongoing environmental compliance costs
are expensed as incurred and expenditures to mitigate or prevent
future environmental contamination are capitalized. The
Company’s reserves for environmental remediation costs at
December 31, 2007 and 2006 were not material. See
Note 9 for further information regarding the Company’s
environmental liabilities.


 




This excerpt taken from the RDC 10-K filed Mar 16, 2006.
Environmental Matters
 
Environmental remediation costs are accrued using estimates of future monitoring, testing and clean-up costs where it is probable that such costs will be incurred. Estimates of future monitoring, testing and clean-up costs and assessments of the probability that such costs will be incurred incorporate many factors, including: approved monitoring, testing and/or remediation plans; ongoing communications with environmental regulatory agencies; the expected duration of remediation measures; historical monitoring, testing and clean-up costs and current and anticipated operational plans and manufacturing processes. Ongoing environmental compliance costs are expensed as incurred and expenditures to mitigate or prevent future environmental contamination are capitalized. See Note 9 for further information regarding the Company’s environmental liabilities.
 
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki