Transocean Ltd (Switzerland) (RIG) Financial Statements (2023 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)Annual | Quarterly
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 976 | 1,154 | 1,790 | 2,160 | 2,969 | 3,052 | 2,339 | ||
| Cash and cash equivalents | 976 | 1,154 | 1,790 | 2,160 | 2,519 | 3,052 | 2,339 | ||
| Short-term investments | 450 | ||||||||
| Restricted cash and investments | 436 | 406 | 558 | 551 | 466 | 466 | 340 | ||
| Receivables | 492 | 583 | 654 | 604 | 641 | 898 | 1,343 | ||
| Inventory, net of allowances, customer advances and progress billings | (183) | (143) | (127) | (134) | (141) | (153) | (148) | ||
| Inventory | (183) | (143) | (127) | (134) | (141) | (153) | (148) | ||
| Prepaid expense | 392 | 434 | 479 | 474 | 418 | 561 | 635 | ||
| Disposal group, including discontinued operation | 25 | 22 | 6 | 8 | |||||
| Other current assets | 148 | 163 | 159 | 159 | 112 | 121 | 84 | ||
| Other undisclosed current assets | 183 | 143 | 127 | 109 | 119 | 147 | 184 | ||
| Total current assets: | 2,444 | 2,740 | 3,640 | 3,948 | 4,606 | 5,098 | 4,785 | ||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 17,098 | 17,667 | 18,847 | 20,408 | 17,402 | 21,093 | 20,818 | ||
| Intangible assets, net (including goodwill) | 173 | 393 | 608 | 795 | |||||
| Intangible assets, net (excluding goodwill) | 173 | 393 | 608 | 795 | |||||
| Deferred income tax assets | 7 | 9 | 20 | ✕ | ✕ | ✕ | ✕ | ||
| Other noncurrent assets | 959 | 995 | 990 | 448 | 355 | 400 | 410 | ||
| Deferred tax assets, net | ✕ | ✕ | ✕ | 66 | 47 | 298 | 316 | ||
| Total noncurrent assets: | 18,237 | 19,064 | 20,465 | 21,717 | 17,804 | 21,791 | 21,544 | ||
| TOTAL ASSETS: | 20,681 | 21,804 | 24,105 | 25,665 | 22,410 | 26,889 | 26,329 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 245 | 222 | 375 | 339 | 280 | 301 | 530 | ||
| Accounts payable | 228 | 194 | 311 | 269 | 201 | 206 | 448 | ||
| Taxes payable | 17 | 28 | 64 | 70 | 79 | 95 | 82 | ||
| Debt | 513 | 505 | 568 | 373 | 250 | 724 | 1,093 | ||
| Other liabilities | 545 | 659 | 781 | 746 | 839 | 960 | 1,046 | ||
| Total current liabilities: | 1,303 | 1,386 | 1,724 | 1,458 | 1,369 | 1,985 | 2,669 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 6,657 | 7,302 | 8,693 | 9,605 | 7,146 | 7,740 | 7,397 | ||
| Long-term debt, excluding current maturities | 7,740 | 7,397 | |||||||
| Finance lease, liability | 366 | 407 | 444 | ✕ | ✕ | ✕ | ✕ | ||
| Capital lease obligations | ✕ | ✕ | ✕ | 479 | 511 | ||||
| Operating lease, liability | 116 | ✕ | ✕ | ✕ | ✕ | ||||
| Other undisclosed long-term debt and lease obligation | 6,291 | 6,895 | 8,133 | 9,126 | 6,635 | ||||
| Liabilities, other than long-term debt | 1,515 | 1,681 | 1,821 | 1,488 | 1,126 | 1,331 | 1,447 | ||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | 64 | 44 | 178 | 339 | ||
| Deferred income tax liabilities | 447 | 315 | 266 | ✕ | ✕ | ✕ | ✕ | ||
| Other liabilities | 1,068 | 1,366 | 1,555 | 1,424 | 1,082 | 1,153 | 1,108 | ||
| Total noncurrent liabilities: | 8,172 | 8,983 | 10,514 | 11,093 | 8,272 | 9,071 | 8,844 | ||
| Total liabilities: | 9,475 | 10,369 | 12,238 | 12,551 | 9,641 | 11,056 | 11,513 | ||
| Temporary equity, carrying amount | 58 | 28 | 8 | ||||||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 11,205 | 11,432 | 11,862 | 13,107 | 12,707 | 15,802 | 14,498 | ||
| Common stock | 64 | 60 | 59 | 59 | 37 | 36 | 5,193 | ||
| Treasury stock, value | (240) | ||||||||
| Additional paid in capital | 13,683 | 13,501 | 13,424 | 13,394 | 11,031 | 10,993 | 5,739 | ||
| Accumulated other comprehensive loss | (84) | (263) | (324) | (279) | (290) | (283) | (334) | ||
| Retained earnings (accumulated deficit) | (2,458) | (1,866) | (1,297) | (67) | 1,929 | 5,056 | 4,140 | ||
| Stockholders' equity attributable to noncontrolling interest | 1 | 3 | 5 | 7 | 4 | 3 | 310 | ||
| Total stockholders' equity: | 11,206 | 11,435 | 11,867 | 13,114 | 12,711 | 15,805 | 14,808 | ||
| TOTAL LIABILITIES AND EQUITY: | 20,681 | 21,804 | 24,105 | 25,665 | 22,410 | 26,889 | 26,329 | ||
Income Statement (P&L) ($ in millions) Annual | Quarterly
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 2,556 | 3,152 | 3,088 | 3,018 | 2,973 | 4,161 | 7,386 | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 2,973 | 4,161 | 7,386 | |
| Cost of revenue | (2,377) | (2,781) | (2,386) | (1,799) | (2,220) | (2,768) | (3,918) | |
| Cost of goods and services sold | (1,697) | (2,000) | (2,140) | (1,799) | (2,220) | (2,768) | (3,918) | |
| Gross profit: | 179 | 371 | 702 | 1,219 | 753 | 1,393 | 3,468 | |
| Operating expenses | (229) | (183) | (802) | (1,652) | (3,257) | (261) | (2,088) | |
| Other undisclosed operating loss | (62) | (681) | (621) | (818) | ||||
| Operating income (loss): | (112) | (493) | (721) | (1,251) | (2,504) | 1,132 | 1,380 | |
| Nonoperating expense | (358) | (48) | (477) | (524) | (499) | (198) | (350) | |
| Investment income, nonoperating | 15 | 21 | 43 | 53 | 43 | 20 | 22 | |
| Other nonoperating income (expense) | 23 | (27) | 181 | 46 | 4 | 43 | 60 | |
| Interest and debt expense | 51 | 533 | (41) | (3) | (55) | 148 | (432) | |
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | (148) | 432 | ||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (419) | (8) | (1,239) | (1,778) | (3,058) | 934 | 1,030 | |
| Other undisclosed income (loss) from continuing operations before income taxes | (51) | (533) | 41 | 3 | 55 | |||
| Income (loss) from continuing operations before income taxes: | (470) | (541) | (1,198) | (1,775) | (3,003) | 934 | 1,030 | |
| Income tax expense | (121) | (27) | (59) | (228) | (94) | (107) | (206) | |
| Income (loss) from continuing operations: | (591) | (568) | (1,257) | (2,003) | (3,097) | 827 | 824 | |
| Income from discontinued operations | 2 | |||||||
| Net income (loss): | (591) | (568) | (1,257) | (2,003) | (3,097) | 827 | 826 | |
| Net income (loss) attributable to noncontrolling interest | (1) | 1 | 2 | 7 | (30) | (49) | (35) | |
| Net income (loss) attributable to parent: | (592) | (567) | (1,255) | (1,996) | (3,127) | 778 | 791 | |
| Other undisclosed net loss available to common stockholders, basic | (14) | (9) | ||||||
| Net income (loss) available to common stockholders, diluted: | (592) | (567) | (1,255) | (1,996) | (3,127) | 764 | 782 | |
Comprehensive Income ($ in millions)Annual | Quarterly
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (591) | (568) | (1,257) | (2,003) | (3,097) | 827 | 826 | |
| Other comprehensive income (loss) | 179 | 61 | (21) | 11 | (7) | (6) | 70 | |
| Comprehensive income (loss): | (412) | (507) | (1,278) | (1,992) | (3,104) | 821 | 896 | |
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (1) | 1 | 2 | 7 | (30) | (49) | (35) | |
| Comprehensive income (loss), net of tax, attributable to parent: | (413) | (506) | (1,276) | (1,985) | (3,134) | 772 | 861 | |
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.