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)

3/31/2017
Q1
12/31/2016
Q4
9/30/2016
Q3
6/30/2016
Q2
3/31/2016
Q1
12/31/2015
Q4
9/30/2015
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments833884880889835774733
Cash and cash equivalents833884880889835774733
Restricted cash and investments119263333
Receivables4766138193243266335
Other undisclosed current assets61697493103110106
Total current assets:9521,0281,1181,1781,1841,1531,177
Noncurrent Assets
Property, plant and equipment7868139731,0161,0611,1111,152
Restricted cash and investments36383644   
Other noncurrent assets2426424794120145
Total noncurrent assets:8468761,0511,1071,1551,2311,297
TOTAL ASSETS:1,7971,9042,1692,2852,3392,3842,475
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities118139141156162202236
Accounts payable626270778285122
Employee-related liabilities34444042434851
Taxes payable21333137373449
Interest and dividends payable000003414
Debt3030316666674141
Other liabilities19223335444172
Total current liabilities:166191204857873284349
Noncurrent Liabilities
Long-term debt and lease obligation, including:1551661791982182,5592,569
Long-term debt, excluding current maturities155 1791982182,5592,569
Other undisclosed long-term debt and lease obligation 166     
Liabilities, other than long-term debt33353645474745
Deferred tax liabilities, net56589910
Other liabilities28293137383835
Other undisclosed noncurrent liabilities2,3452,3452,3441,7091,709  
Total noncurrent liabilities:2,5332,5462,5591,9521,9742,6072,614
Total liabilities:2,6992,7362,7632,8092,8472,8902,963
Stockholders' equity
Stockholders' equity attributable to parent(902)(833)(594)(524)(508)(507)(488)
Common stock1111111
Additional paid in capital1,4391,4381,4361,4341,4311,4291,426
Accumulated other comprehensive loss(38)(39)(42)(33)(40)(42)(43)
Accumulated deficit(2,304)(2,233)(1,989)(1,925)(1,900)(1,895)(1,872)
Total stockholders' equity:(902)(833)(594)(524)(508)(507)(488)
TOTAL LIABILITIES AND EQUITY:1,7971,9042,1692,2852,3392,3842,475

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

3/31/2017
Q1
12/31/2016
Q4
9/30/2016
Q3
6/30/2016
Q2
3/31/2016
Q1
12/31/2015
Q4
9/30/2015
Q3
Revenues
(Revenue, Net)
5761125185265300369
Cost of revenue(79)(99)(143)(169)(209)(230)(311)
Gross profit:(21)(38)(18)16566958
Operating expenses(12)(152)(11)(10)(12)(59)(1,164)
Operating income (loss):(33)(190)(30)64311(1,105)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
2(2)3(2)1(2)(1)
Interest and debt expense(18)(19)(18)(13)(27)(41)(34)
Income (loss) from continuing operations before equity method investments, income taxes:(50)(211)(45)(8)17(32)(1,140)
Other undisclosed income (loss) from continuing operations before income taxes(18)(14)(17)(18)(22)4 
Loss from continuing operations before income taxes:(68)(225)(62)(26)(5)(28)(1,140)
Income tax expense (benefit)(2)(20)(1)1(1)555
Net loss available to common stockholders, diluted:(70)(244)(64)(25)(5)(23)(1,085)

Comprehensive Income ($ in millions)

3/31/2017
Q1
12/31/2016
Q4
9/30/2016
Q3
6/30/2016
Q2
3/31/2016
Q1
12/31/2015
Q4
9/30/2015
Q3
Net loss:(70)(244)(64)(25)(5)(23)(1,085)
Other comprehensive income (loss)14(9)621(5)
Comprehensive loss, net of tax, attributable to parent:(70)(241)(72)(19)(3)(22)(1,090)

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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