Diamond Offshore Drilling Inc. (DO) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
777 N ELDRIDGE PKWY HOUSTON, TX 77079 |
| State of Incorp. | DE |
| 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)
| 3/31/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 124,457 | 63,041 | 38,388 | 405,869 | 156,281 | 453,922 | |||
| Cash and cash equivalents | 124,457 | 63,041 | 38,388 | 405,869 | 156,281 | 154,073 | |||
| Short-term investments | 299,849 | ||||||||
| Receivables | 254,323 | 172,053 | 146,335 | 130,660 | 250,856 | 168,620 | |||
| Prepaid expense | 17,973 | 23,945 | 23,647 | 20,875 | 18,357 | 61,027 | |||
| Contract with customer, asset, after allowance for credit loss | 2,575 | 141 | 1,835 | 2,870 | 6,314 | 6,832 | |||
| Deferred costs | 20,552 | 14,373 | 7,267 | 19,808 | 20,019 | 70,021 | |||
| Asset, held-for-sale, not part of disposal group | 1,000 | 1,000 | 2,000 | 1,000 | |||||
| Other current assets | 2,935 | 4,307 | 6,749 | 3,708 | 3,399 | 5,260 | |||
| Other undisclosed current assets | 33,608 | 40,222 | 46,283 | 39,525 | 20,569 | 20,256 | |||
| Total current assets: | 457,423 | 318,082 | 271,504 | 625,315 | 476,795 | 785,938 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 1,175,895 | 4,122,809 | 5,152,828 | 5,184,222 | |||||
| Other noncurrent assets | 98,762 | 67,966 | 84,041 | 200,329 | 204,421 | 65,534 | |||
| Other undisclosed noncurrent assets | 1,156,368 | 1,141,908 | |||||||
| Total noncurrent assets: | 1,255,130 | 1,209,874 | 1,259,936 | 4,323,138 | 5,357,249 | 5,249,756 | |||
| TOTAL ASSETS: | 1,712,553 | 1,527,956 | 1,531,440 | 4,948,453 | 5,834,044 | 6,035,694 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 245,373 | 214,432 | 216,897 | 201,439 | 302,594 | 236,846 | |||
| Taxes payable | ✕ | ✕ | ✕ | 34,500 | 27,214 | 23,228 | 20,685 | ||
| Accounts payable | 42,037 | 47,647 | 38,661 | 33,437 | 68,586 | 43,933 | |||
| Accrued liabilities | 203,336 | 166,785 | 143,736 | 140,788 | 210,780 | 172,228 | |||
| Debt | 15,960 | 16,965 | 15,865 | ||||||
| Other undisclosed current liabilities | 34,817 | 30,264 | |||||||
| Total current liabilities: | 296,150 | 261,661 | 232,762 | 201,439 | 302,594 | 236,846 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 646,715 | 492,037 | 414,599 | 23,476 | 1,975,741 | 1,973,922 | |||
| Long-term debt, excluding current maturities | 533,514 | 360,644 | 266,241 | 1,975,741 | 1,973,922 | ||||
| Finance lease, liability | 113,201 | 131,393 | 148,358 | ✕ | |||||
| Liabilities, other than long-term debt | 124,837 | 94,588 | 116,374 | 150,807 | 275,971 | 240,273 | |||
| Deferred revenue | 5,164 | ✕ | |||||||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 104,380 | ||
| Deferred income tax liabilities | 10,966 | 700 | 1,626 | 28,338 | ✕ | ||||
| Other liabilities | 113,871 | 93,888 | 114,748 | 117,305 | 275,971 | 135,893 | |||
| Operating lease, liability | 23,476 | ✕ | |||||||
| Other undisclosed noncurrent liabilities | 47,528 | ||||||||
| Total noncurrent liabilities: | 771,552 | 586,625 | 530,973 | 174,283 | 2,299,240 | 2,214,195 | |||
| Total liabilities: | 1,067,702 | 848,286 | 763,735 | 375,722 | 2,601,834 | 2,451,041 | |||
| Equity | |||||||||
| Equity, attributable to parent | 644,851 | 679,670 | 767,705 | 1,982,566 | 3,232,210 | 3,584,653 | |||
| Common stock | 10 | 10 | 10 | 1,453 | 1,448 | 1,444 | |||
| Treasury stock, value | (8,493) | (4,252) | (206,163) | (205,768) | (204,370) | ||||
| Additional paid in capital | 978,575 | 964,467 | 945,039 | 2,029,979 | 2,024,347 | 2,018,143 | |||
| Accumulated other comprehensive income (loss) | 20 | (18) | 21 | ||||||
| Retained earnings (accumulated deficit) | (325,261) | (280,555) | (177,344) | 157,297 | 1,412,201 | 1,769,415 | |||
| Total equity: | 644,851 | 679,670 | 767,705 | 1,982,566 | 3,232,210 | 3,584,653 | |||
| Other undisclosed liabilities and equity | 2,590,165 | ||||||||
| TOTAL LIABILITIES AND EQUITY: | 1,712,553 | 1,527,956 | 1,531,440 | 4,948,453 | 5,834,044 | 6,035,694 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,056,179 | 841,278 | 733,687 | 980,644 | 1,083,215 | |||
| Cost of revenue | (919,745) | (822,015) | (977,538) | (1,194,024) | (1,077,540) | |||
| Cost of goods and services sold | (111,301) | (103,478) | (320,085) | (355,596) | (331,789) | |||
| Gross profit: | 136,434 | 19,263 | (243,851) | (213,380) | 5,675 | |||
| Operating expenses | (85,373) | (82,708) | (100) | (909,290) | (68,950) | (117,858) | ||
| Operating income (loss): | 51,061 | (63,445) | (100) | (1,153,141) | (282,330) | (112,183) | ||
| Nonoperating income (expense) | (4,839) | (1,738) | (3,454) | 3,148 | 8,798 | |||
| Investment income, nonoperating | 1,637 | 18 | 484 | 6,382 | 8,477 | |||
| Loss, foreign currency transaction, before tax | (5,920) | (3,023) | (4,498) | (3,936) | (379) | |||
| Other nonoperating income (expense) | (556) | 1,267 | 560 | 702 | 700 | |||
| Interest and debt expense | (59,945) | (40,423) | (42,585) | (122,832) | ||||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (76,910) | (123,240) | ||||||
| Income (loss) from continuing operations before income taxes: | (13,723) | (105,606) | (100) | (1,276,090) | (402,014) | (226,625) | ||
| Income tax expense (benefit) | (30,983) | 2,395 | 21,186 | 44,800 | 46,353 | |||
| Loss from continuing operations: | (44,706) | (103,211) | (100) | (1,254,904) | (357,214) | (180,272) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (100) | (1,254,904) | (357,214) | (180,272) | |
| Net loss available to common stockholders, diluted: | (44,706) | (103,211) | (100) | (1,254,904) | (357,214) | (180,272) | ||
Comprehensive Income ($ in thousands)
| 3/31/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (44,706) | (103,211) | (100) | (1,254,904) | (357,214) | (180,272) | ||
| Other comprehensive income (loss) | 18 | (39) | 26 | |||||
| Comprehensive loss: | (44,706) | (103,211) | (100) | (1,254,886) | (357,253) | (180,246) | ||
| Other undisclosed comprehensive income, net of tax, attributable to parent | 20 | |||||||
| Comprehensive loss, net of tax, attributable to parent: | (44,686) | (103,211) | (100) | (1,254,886) | (357,253) | (180,246) | ||
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.