PACIFIC DRILLING S.A. financial statements (2021 and earlier)

Company profile

Business Address 8-10 AVENUE DE LA GARE
NONE, NONE
State of Incorp.
Fiscal Year End December 31
SIC 1381 - Drilling Oil and Gas Wells (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

9/30/2020
TTM
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 279
Cash and cash equivalents 279
Restricted cash and investments 6
Receivables 29
Inventory, net of allowances, customer advances and progress billings (1)
Inventory (1)
Prepaid expense 44
Capitalized contract cost 15
Deferred costs 17
Other undisclosed current assets 2
Total current assets: 391
Noncurrent Assets
Property, plant and equipment 1,843
Other noncurrent assets 23
Total noncurrent assets: 1,866
TOTAL ASSETS: 2,257
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 68
Accounts payable 24
Accrued liabilities 28
Interest and dividends payable 16
Deferred revenue 8
Total current liabilities: 75
Noncurrent Liabilities
Long-term debt and lease obligation 1,074
Long-term debt, excluding current maturities 1,074
Liabilities, other than long-term debt 39
Other liabilities 39
Total noncurrent liabilities: 1,112
Total liabilities: 1,188
Stockholders' equity
Stockholders' equity attributable to parent 1,069
Common stock 1
Treasury stock, value (1)
Additional paid in capital 1,653
Accumulated deficit (584)
Total stockholders' equity: 1,069
TOTAL LIABILITIES AND EQUITY: 2,257

Income statement (P&L) ($ in millions)

9/30/2020
TTM
12/31/2019
Revenues 230
Cost of revenue (640)
Cost of goods and services sold (228)
Gross profit: (410)
Operating expenses (40)
Operating loss: (450)
Nonoperating income 6
Investment income, nonoperating 6
Interest and debt expense (98)
Loss from continuing operations before equity method investments, income taxes: (542)
Other undisclosed loss from continuing operations before income taxes (2)
Loss from continuing operations before income taxes: (544)
Income tax benefit 12
Loss before gain (loss) on sale of properties: (532)
Other undisclosed net loss (25)
Net loss available to common stockholders, diluted: (556)

Comprehensive Income ($ in millions)

9/30/2020
TTM
12/31/2019
Net loss: (556)
Comprehensive loss, net of tax, attributable to parent: (556)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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