For the second quarter, net income jumped from the $196 million reported for the second quarter of 2011. The first six months of 2012 saw an increase from the $120 million net loss reported for the first six months of 2011.

Second quarter adjusted net income was $36.8 million, or 7 cents per diluted share, for second quarter 2012 compared to adjusted net loss of $1.6 million in second quarter 2011.

For the first six months of 2012 adjusted net income was $58.1 million, or 11 cents per diluted share, compared to an adjusted net loss of $6.2 million, or 1 cent per diluted share, in the first six months of 2011.

Operating cash flow for the second quarter was $222 million, compared to $136 million in the second quarter of 2011.