Vantage Drilling Company reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2013. For the quarter, the company's total revenues were $175,885,000 compared to $111,534,000 a year ago. Income from operations was $57,976,000 compared to $36,333,000 a year ago. Income before income taxes was $10,928,000 compared to $2,176,000 a year ago. Net income was $6,844,000 or $0.02 per diluted share compared to net loss of $538,000 or $0.00 per diluted share a year ago. The results for the three months ended September 30, 2013 includes a charge of approximately $5.0 million for deferred mobilization costs associated with re-contracting the Sapphire Driller and approximately $1.6 million reduction of estimated taxes. Capex for the third quarter consist of $5,400,000, where the operating fleet, consisting primarily of fleet spares, at $1,800,000 for software upgrade projects and leasehold improvements.

For the nine months, the company's total revenues were $493,523,000 compared to $348,508,000 a year ago. Income from operations was $158,858,000 compared to $109,045,000 a year ago. Loss before income taxes was $95,375,000 compared to income before income taxes of $2,847,000 a year ago. Net loss was $112,141,000 or $0.37 per diluted share compared to $11,694,000 or $0.04 per diluted share a year ago. Net cash used in operating activities was $65,601,000 compared to $46,848,000 a year ago. Additions to property and equipment was $548,621,000 compared to $848,939,000 a year ago.

For the next year, the company expects maintenance or continuing capex, fleet capex, to be less than $6 million.