Rowan Companies plc (RDC) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
CANNON PLACE, 78 CANNON STREET LONDON, EC4N 6AF |
| 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)
| 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 1,332,100 | 1,255,500 | 484,228 | 339,154 | 1,092,844 | 1,024,008 | |||
| Cash and cash equivalents | 1,332,100 | 1,255,500 | 484,228 | 339,154 | 1,092,844 | 1,024,008 | |||
| Receivables | 212,800 | 301,300 | 410,519 | 545,204 | 668,225 | 512,439 | |||
| Prepaid expense and other current assets | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 55,121 | ||
| Income taxes receivable | ✕ | ✕ | ✕ | ✕ | ✕ | 6,759 | |||
| Deferred tax assets | 27,485 | 22,137 | 26,628 | ||||||
| Other current assets | 15,500 | 23,500 | 26,528 | 56,738 | 67,675 | ✕ | |||
| Other undisclosed current assets | (27,485) | (328,762) | (65,646) | ||||||
| Total current assets: | 1,560,400 | 1,580,300 | 921,275 | 941,096 | 1,528,878 | 1,552,550 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 6,552,700 | 7,060,000 | 7,405,832 | 7,432,212 | 6,385,755 | 6,071,729 | |||
| Long-term investments and receivables | 301,100 | ||||||||
| Due from related parties | 270,200 | ||||||||
| Long-term investments | 30,900 | ||||||||
| Other noncurrent assets | 44,100 | 35,300 | 20,160 | 37,884 | 61,128 | ✕ | |||
| Prepaid expense and other noncurrent assets | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 75,208 | ||
| Deferred tax assets, net | (210,982) | (429,655) | (473,872) | ||||||
| Other undisclosed noncurrent assets | 210,982 | 429,655 | 473,872 | ||||||
| Total noncurrent assets: | 6,897,900 | 7,095,300 | 7,425,992 | 7,470,096 | 6,446,883 | 6,146,937 | |||
| TOTAL ASSETS: | 8,458,300 | 8,675,600 | 8,347,267 | 8,411,192 | 7,975,761 | 7,699,487 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 256,300 | 253,100 | 295,609 | 491,291 | 175,346 | 180,155 | |||
| Interest and dividends payable | 47,414 | ||||||||
| Taxes payable | 32,440 | 19,375 | 42,660 | ||||||
| Employee-related liabilities | 114,405 | ||||||||
| Accounts payable | 97,200 | 94,300 | 109,574 | 102,773 | |||||
| Accrued liabilities | 159,100 | 158,800 | 186,035 | 194,259 | 155,971 | 137,495 | |||
| Debt | 126,800 | ||||||||
| Disposal group, including discontinued operation | 20,122 | 21,255 | |||||||
| Deferred revenue and credits | ✕ | 1,100 | 103,900 | 33,062 | 36,189 | 54,515 | 52,340 | ||
| Deferred tax liabilities | 5,134 | 5,858 | 5,950 | ||||||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Other undisclosed current liabilities | (199,393) | 98,743 | 34,394 | ||||||
| Total current liabilities: | 257,400 | 483,800 | 328,671 | 333,221 | 354,584 | 294,094 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 2,510,300 | 2,553,400 | 2,692,419 | 2,807,324 | 2,008,700 | 2,009,598 | |||
| Long-term debt, excluding current maturities | 2,510,300 | 2,553,400 | 2,692,419 | 2,807,324 | 2,008,700 | 2,009,598 | |||
| Liabilities, other than long-term debt | 304,500 | 524,500 | 553,718 | 1,052,477 | 1,052,289 | 1,366,040 | |||
| Pension and other postretirement defined benefit plans, liabilities | ✕ | ✕ | ✕ | ✕ | ✕ | 154,604 | 292,170 | ||
| Deferred tax liabilities, net | 10,900 | 185,700 | 195,795 | 420,859 | 559,824 | 634,971 | |||
| Liability for uncertainty in income taxes | 48,800 | 48,700 | |||||||
| Liability, pension and other postretirement and postemployment benefits | 263,352 | ✕ | ✕ | ||||||
| Other liabilities | 293,600 | 338,800 | 357,923 | 368,266 | 289,061 | 390,199 | |||
| Other undisclosed noncurrent liabilities | (473,229) | (333,573) | (501,969) | ||||||
| Total noncurrent liabilities: | 2,814,800 | 3,077,900 | 3,246,137 | 3,386,572 | 2,727,416 | 2,873,669 | |||
| Total liabilities: | 3,072,200 | 3,561,700 | 3,574,808 | 3,719,793 | 3,082,000 | 3,167,763 | |||
| Equity | |||||||||
| Equity, attributable to parent | 5,386,100 | 5,113,900 | 4,772,459 | 4,691,399 | 4,893,761 | 4,531,724 | |||
| Common stock | 16,000 | 16,000 | 15,743 | 15,604 | 15,597 | 15,593 | |||
| Treasury stock, value | (9,300) | (7,200) | (12,223) | (7,990) | (5,962) | (1,886) | |||
| Additional paid in capital | 1,488,600 | 1,471,700 | 1,458,532 | 1,436,910 | 1,407,031 | 1,372,135 | |||
| Accumulated other comprehensive loss | (218,900) | (197,000) | (199,385) | (220,118) | (142,445) | (221,082) | |||
| Retained earnings | 4,109,700 | 3,830,400 | 3,509,792 | 3,466,993 | 3,619,540 | 3,366,964 | |||
| Total equity: | 5,386,100 | 5,113,900 | 4,772,459 | 4,691,399 | 4,893,761 | 4,531,724 | |||
| TOTAL LIABILITIES AND EQUITY: | 8,458,300 | 8,675,600 | 8,347,267 | 8,411,192 | 7,975,761 | 7,699,487 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,282,800 | 1,843,200 | 2,137,018 | 1,824,383 | 1,579,284 | 1,392,607 | ||
| Cost of revenue | (1,088,500) | (1,181,100) | (1,384,505) | (740,031) | (1,127,448) | (992,735) | ||
| Cost of goods and services sold | (403,700) | (402,900) | (391,418) | (483,641) | (422,608) | (380,100) | ||
| Gross profit: | 194,300 | 662,100 | 752,513 | 1,084,352 | 451,836 | 399,872 | ||
| Operating expenses | 43,100 | (143,700) | (445,423) | (1,251,081) | (120,160) | (144,820) | ||
| Other operating expense, net | (9,400) | (41,600) | (329,644) | |||||
| Other undisclosed operating income | 10,300 | 41,600 | 329,644 | |||||
| Operating income (loss): | 238,300 | 518,400 | 307,090 | (166,729) | 331,676 | 255,052 | ||
| Nonoperating expense | (139,000) | (192,800) | (149,380) | (102,878) | (70,437) | (71,582) | ||
| Investment income, nonoperating | 15,400 | 3,800 | 1,129 | 1,861 | 1,578 | 745 | ||
| Interest and debt expense | 1,700 | (31,200) | (1,482) | (103,934) | (69,794) | (72,940) | ||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | (1,700) | 31,200 | 1,482 | 103,934 | 69,794 | 72,940 | ||
| Income (loss) from continuing operations before income taxes: | 99,300 | 325,600 | 157,710 | (269,607) | 261,239 | 183,470 | ||
| Income tax expense (benefit) | (26,600) | (5,000) | (64,399) | 150,732 | (8,663) | 19,829 | ||
| Income (loss) from continuing operations: | 72,700 | 320,600 | 93,311 | (118,875) | 252,576 | 203,299 | ||
| Income (loss) before gain (loss) on sale of properties: | 72,700 | 320,600 | 93,311 | (114,852) | 252,576 | 214,794 | ||
| Income from discontinued operations | 4,023 | 11,495 | ||||||
| Other undisclosed net loss | (34,192) | |||||||
| Net income (loss) attributable to parent: | 72,700 | 320,600 | 93,311 | (114,852) | 252,576 | 180,602 | ||
| Preferred stock dividends and other adjustments | 100 | 1,500 | ||||||
| Net income (loss) available to common stockholders, diluted: | 72,800 | 322,100 | 93,311 | (114,852) | 252,576 | 180,602 | ||
Comprehensive Income ($ in thousands)
| 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 72,700 | 320,600 | 93,311 | (114,852) | 252,576 | 180,602 | ||
| Other comprehensive income (loss) | (1,000) | (10,832) | 41,683 | |||||
| Other undisclosed comprehensive income (loss) | (21,900) | 3,300 | 31,565 | (119,152) | 78,637 | 4,589 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 50,800 | 322,900 | 114,044 | (192,321) | 331,213 | 185,191 | ||
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.