Transocean Ltd. (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)
| 9/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 762 | 683 | 976 | 1,154 | 1,790 | 2,160 | |||
| Cash and cash equivalents | 762 | 683 | 976 | 1,154 | 1,790 | 2,160 | |||
| Restricted cash and investments | 233 | 308 | 436 | 406 | 558 | 551 | |||
| Receivables | 512 | 485 | 492 | 583 | 654 | 604 | |||
| Inventory, net of allowances, customer advances and progress billings | (198) | (199) | (183) | (143) | (127) | (134) | |||
| Inventory | (198) | (199) | (183) | (143) | (127) | (134) | |||
| Prepaid expense | 426 | 388 | 392 | 434 | 479 | 474 | |||
| Disposal group, including discontinued operation | 25 | ||||||||
| Other current assets | 193 | 144 | 148 | 163 | 159 | 159 | |||
| Other undisclosed current assets | 198 | 199 | 183 | 143 | 127 | 109 | |||
| Total current assets: | 2,126 | 2,008 | 2,444 | 2,740 | 3,640 | 3,948 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 16,941 | 17,469 | 17,098 | 17,667 | 18,847 | 20,408 | |||
| Long-term investments and receivables | |||||||||
| Long-term investments | |||||||||
| Intangible assets, net (including goodwill) | 4 | 56 | 173 | 393 | 608 | 795 | |||
| Intangible assets, net (excluding goodwill) | 4 | 56 | 173 | 393 | 608 | 795 | |||
| Deferred income tax assets | 44 | 13 | 7 | 9 | 20 | ✕ | |||
| Other noncurrent assets | 1,139 | 890 | 959 | 995 | 990 | 448 | |||
| Deferred tax assets, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 66 | ||
| Other undisclosed noncurrent assets | |||||||||
| Total noncurrent assets: | 18,128 | 18,428 | 18,237 | 19,064 | 20,465 | 21,717 | |||
| TOTAL ASSETS: | 20,254 | 20,436 | 20,681 | 21,804 | 24,105 | 25,665 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 346 | 300 | 245 | 222 | 375 | 339 | |||
| Taxes payable | ✕ | ✕ | ✕ | 17 | 28 | 64 | 70 | ||
| Accounts payable | 323 | 281 | 228 | 194 | 311 | 269 | |||
| Accrued liabilities | 23 | 19 | |||||||
| Deferred revenue | ✕ | ||||||||
| Debt | 370 | 719 | 513 | 505 | 568 | 373 | |||
| Other liabilities | 681 | 539 | 545 | 659 | 781 | 746 | |||
| Other undisclosed current liabilities | |||||||||
| Total current liabilities: | 1,397 | 1,558 | 1,303 | 1,386 | 1,724 | 1,458 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 7,043 | 6,628 | 6,657 | 7,302 | 8,693 | 9,605 | |||
| Capital lease obligations | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 479 | ||
| Finance lease, liability | 276 | 323 | 366 | 407 | 444 | ✕ | |||
| Other undisclosed long-term debt and lease obligation | 6,767 | 6,305 | 6,291 | 6,895 | 8,133 | 9,126 | |||
| Liabilities, other than long-term debt | 1,398 | 1,458 | 1,515 | 1,681 | 1,821 | 1,488 | |||
| Deferred revenue | ✕ | ||||||||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 64 | ||
| Deferred income tax liabilities | 540 | 493 | 447 | 315 | 266 | ✕ | |||
| Other liabilities | 858 | 965 | 1,068 | 1,366 | 1,555 | 1,424 | |||
| Operating lease, liability | 116 | ✕ | |||||||
| Other undisclosed noncurrent liabilities | |||||||||
| Total noncurrent liabilities: | 8,441 | 8,086 | 8,172 | 8,983 | 10,514 | 11,093 | |||
| Total liabilities: | 9,838 | 9,644 | 9,475 | 10,369 | 12,238 | 12,551 | |||
| Equity | |||||||||
| Equity, attributable to parent | 10,415 | 10,791 | 11,205 | 11,432 | 11,862 | 13,107 | |||
| Common stock | 81 | 71 | 64 | 60 | 59 | 59 | |||
| Additional paid in capital | 14,544 | 13,984 | 13,683 | 13,501 | 13,424 | 13,394 | |||
| Accumulated other comprehensive loss | (177) | (185) | (84) | (263) | (324) | (279) | |||
| Accumulated deficit | (4,033) | (3,079) | (2,458) | (1,866) | (1,297) | (67) | |||
| Equity, attributable to noncontrolling interest | 1 | 1 | 1 | 3 | 5 | 7 | |||
| Total equity: | 10,416 | 10,792 | 11,206 | 11,435 | 11,867 | 13,114 | |||
| TOTAL LIABILITIES AND EQUITY: | 20,254 | 20,436 | 20,681 | 21,804 | 24,105 | 25,665 | |||
Income Statement (P&L) ($ in millions)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 2,832 | 2,575 | 2,556 | 3,152 | 3,088 | 3,018 | ||
| Cost of revenue | (2,490) | (2,404) | (2,377) | (2,781) | (2,386) | (1,799) | ||
| Cost of goods and services sold | (1,986) | (1,679) | (1,697) | (2,000) | (2,140) | (1,799) | ||
| Gross profit: | 342 | 171 | 179 | 371 | 702 | 1,219 | ||
| Operating expenses | (427) | (192) | (229) | (183) | (802) | (1,652) | ||
| Other undisclosed operating loss | (240) | (10) | (62) | (681) | (621) | (818) | ||
| Operating loss: | (325) | (31) | (112) | (493) | (721) | (1,251) | ||
| Nonoperating expense | (616) | (531) | (358) | (48) | (477) | (524) | ||
| Investment income, nonoperating | 52 | 27 | 15 | 21 | 43 | 53 | ||
| Other nonoperating income (expense) | 9 | (5) | 23 | (27) | 181 | 46 | ||
| Interest and debt expense | (31) | 8 | 51 | 533 | (41) | (3) | ||
| Loss from continuing operations before equity method investments, income taxes: | (972) | (554) | (419) | (8) | (1,239) | (1,778) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 31 | (8) | (51) | (533) | 41 | 3 | ||
| Loss from continuing operations before income taxes: | (941) | (562) | (470) | (541) | (1,198) | (1,775) | ||
| Income tax expense (benefit) | (13) | (59) | (121) | (27) | (59) | (228) | ||
| Loss from continuing operations: | (954) | (621) | (591) | (568) | (1,257) | (2,003) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (591) | (568) | (1,257) | (2,003) | |
| Net loss: | (954) | (621) | (591) | (568) | (1,257) | (2,003) | ||
| Net income (loss) attributable to noncontrolling interest | (1) | 1 | 2 | 7 | ||||
| Net loss available to common stockholders, basic: | (954) | (621) | (592) | (567) | (1,255) | (1,996) | ||
| Interest on convertible debt | ||||||||
| Other undisclosed net loss available to common stockholders, diluted | ||||||||
| Net loss available to common stockholders, diluted: | (954) | (621) | (592) | (567) | (1,255) | (1,996) | ||
Comprehensive Income ($ in millions)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (954) | (621) | (591) | (568) | (1,257) | (2,003) | ||
| Other comprehensive income (loss) | 8 | (101) | 179 | 61 | (21) | 11 | ||
| Comprehensive loss: | (946) | (722) | (412) | (507) | (1,278) | (1,992) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (1) | 1 | 2 | 7 | ||||
| Comprehensive loss, net of tax, attributable to parent: | (946) | (722) | (413) | (506) | (1,276) | (1,985) | ||
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.