Transocean Ltd (Switzerland) (RIG) Financial Statements (2024 and earlier)

Company Profile

Business Address TURMSTRASSE 30
STEINHAUSEN, 6312
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 millions)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6839761,1541,7902,1602,969
Cash and cash equivalents6839761,1541,7902,1602,519
Short-term investments      450
Restricted cash and investments308436406558551466
Receivables485492583654604641
Inventory, net of allowances, customer advances and progress billings(199)(183)(143)(127)(134)(141)
Inventory(199)(183)(143)(127)(134)(141)
Prepaid expense388392434479474418
Disposal group, including discontinued operation     2522
Other current assets144148163159159112
Other undisclosed current assets199183143127109119
Total current assets:2,0082,4442,7403,6403,9484,606
Noncurrent Assets
Property, plant and equipment17,46917,09817,66718,84720,40817,402
Intangible assets, net (including goodwill)56173393608795 
Intangible assets, net (excluding goodwill)56173393608795 
Deferred income tax assets137920
Other noncurrent assets890959995990448355
Deferred tax assets, net6647
Total noncurrent assets:18,42818,23719,06420,46521,71717,804
TOTAL ASSETS:20,43620,68121,80424,10525,66522,410
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities300245222375339280
Taxes payable1728647079
Accounts payable281228194311269201
Accrued liabilities19     
Debt719513505568373250
Other liabilities539545659781746839
Total current liabilities:1,5581,3031,3861,7241,4581,369
Noncurrent Liabilities
Long-term debt and lease obligation, including:6,6286,6577,3028,6939,6057,146
Capital lease obligations479511
Finance lease, liability323366407444
Other undisclosed long-term debt and lease obligation6,3056,2916,8958,1339,1266,635
Liabilities, other than long-term debt1,4581,5151,6811,8211,4881,126
Deferred tax liabilities, net6444
Deferred income tax liabilities493447315266
Other liabilities9651,0681,3661,5551,4241,082
Operating lease, liability    116
Total noncurrent liabilities:8,0868,1728,98310,51411,0938,272
Total liabilities:9,6449,47510,36912,23812,5519,641
Temporary equity, carrying amount      58
Equity
Equity, attributable to parent10,79111,20511,43211,86213,10712,707
Common stock716460595937
Additional paid in capital13,98413,68313,50113,42413,39411,031
Accumulated other comprehensive loss(185)(84)(263)(324)(279)(290)
Retained earnings (accumulated deficit)(3,079)(2,458)(1,866)(1,297)(67)1,929
Equity, attributable to noncontrolling interest113574
Total equity:10,79211,20611,43511,86713,11412,711
TOTAL LIABILITIES AND EQUITY:20,43620,68121,80424,10525,66522,410

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

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues2,5752,5563,1523,0883,0182,973
Revenue, net2,973
Cost of revenue(2,404)(2,377)(2,781)(2,386)(1,799)(2,220)
Cost of goods and services sold(1,679)(1,697)(2,000)(2,140)(1,799)(2,220)
Gross profit:1711793717021,219753
Operating expenses(192)(229)(183)(802)(1,652)(3,257)
Other undisclosed operating loss(10)(62)(681)(621)(818) 
Operating loss:(31)(112)(493)(721)(1,251)(2,504)
Nonoperating expense(531)(358)(48)(477)(524)(499)
Investment income, nonoperating271521435343
Other nonoperating income (expense)(5)23(27)181464
Interest and debt expense851533(41)(3)(55)
Loss from continuing operations before equity method investments, income taxes:(554)(419)(8)(1,239)(1,778)(3,058)
Other undisclosed income (loss) from continuing operations before income taxes(8)(51)(533)41355
Loss from continuing operations before income taxes:(562)(470)(541)(1,198)(1,775)(3,003)
Income tax expense(59)(121)(27)(59)(228)(94)
Loss from continuing operations:(621)(591)(568)(1,257)(2,003)(3,097)
Loss before gain (loss) on sale of properties:(591)(568)(1,257)(2,003)(3,097)
Net loss:(621)(591)(568)(1,257)(2,003)(3,097)
Net income (loss) attributable to noncontrolling interest  (1)127(30)
Net loss available to common stockholders, diluted:(621)(592)(567)(1,255)(1,996)(3,127)

Comprehensive Income ($ in millions)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net loss:(621)(591)(568)(1,257)(2,003)(3,097)
Other comprehensive income (loss)(101)17961(21)11(7)
Comprehensive loss:(722)(412)(507)(1,278)(1,992)(3,104)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest  (1)127(30)
Comprehensive loss, net of tax, attributable to parent:(722)(413)(506)(1,276)(1,985)(3,134)

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.

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