PACIFIC DRILLING S.A. Financial Statements (2024 and earlier)

Company Profile

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

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments246,311273,957 
Cash and cash equivalents246,311273,957 
Restricted cash and investments6,1066,106 
Receivables27,08465,629 
Prepaid expense45,10145,577 
Contract with customer, asset, after allowance for credit loss  4,829 
Deferred costs8,44110,979 
Other undisclosed current assets13,19616,703 
Total current assets:346,239423,780 
Noncurrent Assets
Property, plant and equipment1,790,9271,816,969 
Other noncurrent assets29,77726,158 
Total noncurrent assets:1,820,7041,843,127 
TOTAL ASSETS:2,166,9432,266,907 
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities58,48781,156 
Interest and dividends payable15,70331,406 
Accounts payable19,04624,017 
Accrued liabilities23,73825,733 
Deferred revenue4,1295,428 
Debt   
Total current liabilities:62,61686,584 
Noncurrent Liabilities
Long-term debt and lease obligation 1,142,4311,132,826 
Long-term debt, excluding current maturities 1,142,4311,132,826 
Liabilities, other than long-term debt38,05238,061 
Other liabilities38,05238,061 
Total noncurrent liabilities:1,180,4831,170,887 
Total liabilities:1,243,0991,257,471 
Equity
Equity, attributable to parent923,8441,009,436 
Common stock752752 
Treasury stock, value(652)(652) 
Additional paid in capital1,656,0541,654,248 
Accumulated deficit(732,310)(644,912) 
Total equity:923,8441,009,436 
TOTAL LIABILITIES AND EQUITY:2,166,9432,266,907 

Income Statement (P&L) ($ in thousands)

9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
Revenues38,91089,433 
Cost of revenue(88,665)(102,052) 
Cost of goods and services sold(61,854)(86,475) 
Gross profit:(49,755)(12,619) 
Operating expenses(10,857)(20,997) 
Operating loss:(60,612)(33,616) 
Nonoperating income (expense)521594 
Investment income, nonoperating520807 
Other nonoperating income (expense)1(213) 
Interest and debt expense(26,607)(25,127) 
Loss from continuing operations before equity method investments, income taxes:(86,698)(58,149) 
Other undisclosed income (loss) from continuing operations before income taxes(248)(114) 
Loss from continuing operations before income taxes:(86,946)(58,263) 
Income tax expense(452)(2,700) 
Loss from continuing operations:(87,398)(60,963) 
Loss before gain (loss) on sale of properties:(87,398)(60,963) 
Net loss available to common stockholders, diluted:(87,398)(60,963) 

Comprehensive Income ($ in thousands)

9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
Net loss:(87,398)(60,963) 
Comprehensive loss, net of tax, attributable to parent:(87,398)(60,963) 

Statements Sources

The financial statements are based on the Company's filings with 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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