Rowan Companies plc (RDC) financial statements (2022 and earlier)

Company profile

Business Address CANNON PLACE, 78 CANNON STREET
LONDON, EC4N 6AF
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)

12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
12/31/2017
Q4
9/30/2017
Q3
6/30/2017
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,0271,0321,1331,2141,3321,2201,145
Cash and cash equivalents1,0271,0321,1331,2141,3321,2201,145
Receivables251282238203213244310
Capitalized contract cost 12 
Other current assets22   16  
Other undisclosed current assets 311315 2530
Total current assets:1,3001,3451,3861,4321,5601,4891,485
Noncurrent Assets
Property, plant and equipment6,2016,4386,4986,5546,5536,8166,901
Long-term investments and receivables4973033013003012525
Long-term investments41343130312525
Due from related parties456269270270270  
Other noncurrent assets119454642444445
Total noncurrent assets:6,8176,7866,8456,8966,8986,8856,971
TOTAL ASSETS:8,1188,1318,2318,3288,4588,3738,456
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities236234221233256213223
Accounts payable1221129093977188
Accrued liabilities113122131140159141135
Debt201201     
Deferred revenue and credits414475
Contract with customer, liability17187 
Total current liabilities:454453228238257257297
Noncurrent Liabilities
Long-term debt and lease obligation2,3102,3102,5112,5112,5102,5102,517
Long-term debt, excluding current maturities2,3102,3102,5112,5112,5102,5102,517
Liabilities, other than long-term debt319269252286305293310
Deferred tax liabilities, net12   11  
Other liabilities308269252286294293310
Other undisclosed noncurrent liabilities 111111 1922
Total noncurrent liabilities:2,6292,5892,7742,8072,8152,8222,849
Total liabilities:3,0833,0433,0013,0453,0723,0793,146
Stockholders' equity
Stockholders' equity attributable to parent5,0355,0895,2305,2835,3865,2955,310
Common stock16161616161616
Treasury stock, value(8)(8)(8)(8)(9)(9)(9)
Additional paid in capital1,5021,4971,4941,4881,4891,4851,480
Accumulated other comprehensive loss(285)(242)(241)(262)(219)(194)(195)
Retained earnings3,8113,8253,9694,0494,1103,9984,019
Total stockholders' equity:5,0355,0895,2305,2835,3865,2955,310
TOTAL LIABILITIES AND EQUITY:8,1188,1318,2318,3288,4588,3738,456

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

12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
12/31/2017
Q4
9/30/2017
Q3
6/30/2017
Q2
Revenues179193241211297292320
Revenue from related parties433319 
Cost of revenue(261)(281)(274)(253)(280)(271)(269)
Cost of goods and services sold(95)(99)(97)(98)(100)(103)(102)
Gross profit:(82)(88)(32)(41)172151
Operating expenses31(28)(27)(30)123(28)(25)
Other operating expense, net(7)(2)(2)(1)(0)(3)(3)
Other undisclosed operating income1454 133
Operating income (loss):(44)(113)(58)(72)141(7)26
Nonoperating expense(28)(27)(22)(34)(32)(36)(33)
Investment income, nonoperating11887743
Other nonoperating income (expense)149(2)0(0)(0)
Interest and debt expense(40)(39)(39)(39) (1)2
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes40393939 1(2)
Income (loss) from continuing operations before income taxes:(72)(141)(81)(106)109(43)(7)
Income tax expense (benefit)57(4)4(6)322(21)
Net income (loss) attributable to parent:(14)(144)(77)(112)112(21)(29)
Other undisclosed net income available to common stockholders, basic    0  
Net income (loss) available to common stockholders, diluted:(14)(144)(77)(112)112(21)(29)

Comprehensive Income ($ in millions)

12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
12/31/2017
Q4
9/30/2017
Q3
6/30/2017
Q2
Net income (loss):(14)(144)(77)(112)112(21)(29)
Other comprehensive income (loss)12(1)4(1) (1)(1)
Other undisclosed comprehensive loss(30)   (20)  
Comprehensive income (loss):(33)(145)(73)(113)92(21)(29)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(25)(0)144(4)21
Comprehensive income (loss), net of tax, attributable to parent:(58)(145)(59)(110)87(20)(28)

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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