PARAGON OFFSHORE PLC (PGNPF) financial statements (2020 and earlier)

Company profile

Business Address 3151 BRIARPARK DRIVE
HOUSTON, TX 77042
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)

12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments88477457
Cash and cash equivalents88477457
Restricted cash and investments9313
Receivables66266539
Other undisclosed current assets69110105
Total current assets:1,0281,153713
Noncurrent Assets
Property, plant and equipment8131,1112,410
Restricted cash and investments38  
Other noncurrent assets26120130
Total noncurrent assets:8761,2312,540
TOTAL ASSETS:1,9042,3843,253
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities139202345
Accounts payable6285161
Employee-related liabilities444881
Taxes payable333469
Interest and dividends payable03434
Debt3041272
Other liabilities2241105
Total current liabilities:191284722
Noncurrent Liabilities
Long-term debt and lease obligation, including:1662,5591,888
Long-term debt, excluding current maturities 2,5591,888
Other undisclosed long-term debt and lease obligation166  
Liabilities, other than long-term debt3547148
Deferred tax liabilities, net6958
Other liabilities293890
Other undisclosed noncurrent liabilities2,345  
Total noncurrent liabilities:2,5462,6072,037
Total liabilities:2,7362,8902,759
Stockholders' equity
Stockholders' equity attributable to parent(833)(507)492
Common stock111
Additional paid in capital1,4381,4291,423
Accumulated other comprehensive loss(39)(42)(37)
Accumulated deficit(2,233)(1,895)(895)
Stockholders' equity attributable to noncontrolling interest  3
Total stockholders' equity:(833)(507)494
TOTAL LIABILITIES AND EQUITY:1,9042,3843,253

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

12/31/2016
12/31/2015
12/31/2014
Revenues
(Revenue, Net)
6361,4921,994
Cost of revenue(620)(1,167)(1,397)
Gross profit:16325597
Operating expenses(185)(1,267)(1,122)
Operating loss:(169)(941)(525)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(1)(0)4
Interest and debt expense(77)(130)(38)
Loss from continuing operations before equity method investments, income taxes:(247)(1,072)(559)
Other undisclosed loss from continuing operations before income taxes(71) (19)
Loss from continuing operations before income taxes:(318)(1,072)(577)
Income tax expense (benefit)(20)72(69)
Net loss:(338)(1,000)(647)
Net income (loss) attributable to noncontrolling interest (0)0
Net loss available to common stockholders, diluted:(338)(1,000)(647)

Comprehensive Income ($ in millions)

12/31/2016
12/31/2015
12/31/2014
Net loss:(338)(1,000)(647)
Other comprehensive income (loss)3(5)(7)
Comprehensive loss:(335)(1,004)(653)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest (0)0
Comprehensive loss, net of tax, attributable to parent:(335)(1,005)(653)

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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