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
| 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 954 | 729 | 911 | 976 | 900 | 988 | 1,066 | ||
| Cash and cash equivalents | 954 | 729 | 911 | 976 | 900 | 988 | 1,066 | ||
| Restricted cash and investments | 387 | 432 | 315 | 436 | 576 | 502 | 388 | ||
| Receivables | 599 | 610 | 525 | 492 | 507 | 539 | 511 | ||
| Inventory, net of allowances, customer advances and progress billings | (194) | (191) | (188) | (183) | (148) | (145) | (144) | ||
| Inventory | (194) | (191) | (188) | (183) | (148) | (145) | (144) | ||
| Prepaid expense | 398 | 389 | 386 | 392 | 433 | 433 | 433 | ||
| Other current assets | 131 | 126 | 142 | 148 | 165 | 156 | 161 | ||
| Other undisclosed current assets | 194 | 191 | 188 | 183 | 148 | 145 | 144 | ||
| Total current assets: | 2,469 | 2,286 | 2,279 | 2,444 | 2,581 | 2,618 | 2,559 | ||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 17,158 | 17,239 | 17,013 | 17,098 | 17,216 | 17,336 | 17,479 | ||
| Intangible assets, net (including goodwill) | 75 | 114 | 144 | 173 | 223 | 280 | 337 | ||
| Intangible assets, net (excluding goodwill) | 75 | 114 | 144 | 173 | 223 | 280 | 337 | ||
| Deferred income tax assets | 11 | 7 | 7 | 7 | 9 | 8 | 11 | ||
| Other noncurrent assets | 908 | 904 | 920 | 959 | 947 | 956 | 974 | ||
| Total noncurrent assets: | 18,152 | 18,264 | 18,084 | 18,237 | 18,395 | 18,580 | 18,801 | ||
| TOTAL ASSETS: | 20,621 | 20,550 | 20,363 | 20,681 | 20,976 | 21,198 | 21,360 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 283 | 185 | 225 | 245 | 225 | 206 | 218 | ||
| Accounts payable | 275 | 173 | 206 | 228 | 215 | 198 | 189 | ||
| Accrued liabilities | 4 | 6 | |||||||
| Taxes payable | 4 | 6 | 19 | 17 | 10 | 8 | 29 | ||
| Debt | 750 | 847 | 636 | 513 | 575 | 536 | 524 | ||
| Other liabilities | 476 | 507 | 491 | 545 | 551 | 577 | 561 | ||
| Other undisclosed current liabilities | (4) | (6) | |||||||
| Total current liabilities: | 1,505 | 1,533 | 1,352 | 1,303 | 1,351 | 1,319 | 1,303 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 6,451 | 6,376 | 6,375 | 6,657 | 6,773 | 6,991 | 7,096 | ||
| Finance lease, liability | 366 | ||||||||
| Other undisclosed long-term debt and lease obligation | 6,451 | 6,376 | 6,375 | 6,291 | 6,773 | 6,991 | 7,096 | ||
| Liabilities, other than long-term debt | 1,434 | 1,466 | 1,505 | 1,515 | 1,585 | 1,576 | 1,621 | ||
| Deferred income tax liabilities | 471 | 472 | 470 | 447 | 358 | 325 | 319 | ||
| Other liabilities | 963 | 994 | 1,035 | 1,068 | 1,227 | 1,251 | 1,302 | ||
| Total noncurrent liabilities: | 7,885 | 7,842 | 7,880 | 8,172 | 8,358 | 8,567 | 8,717 | ||
| Total liabilities: | 9,390 | 9,375 | 9,232 | 9,475 | 9,709 | 9,886 | 10,020 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 11,230 | 11,174 | 11,130 | 11,205 | 11,263 | 11,308 | 11,336 | ||
| Common stock | 71 | 69 | 67 | 64 | 63 | 62 | 60 | ||
| Additional paid in capital | 13,979 | 13,899 | 13,790 | 13,683 | 13,659 | 13,578 | 13,508 | ||
| Accumulated other comprehensive loss | (91) | (93) | (94) | (84) | (261) | (264) | (267) | ||
| Accumulated deficit | (2,729) | (2,701) | (2,633) | (2,458) | (2,198) | (2,068) | (1,965) | ||
| Stockholders' equity attributable to noncontrolling interest | 1 | 1 | 1 | 1 | 4 | 4 | 4 | ||
| Total stockholders' equity: | 11,231 | 11,175 | 11,131 | 11,206 | 11,267 | 11,312 | 11,340 | ||
| TOTAL LIABILITIES AND EQUITY: | 20,621 | 20,550 | 20,363 | 20,681 | 20,976 | 21,198 | 21,360 | ||
Income Statement (P&L) ($ in millions) Annual | Quarterly
| 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 691 | 692 | 586 | 621 | 626 | 656 | 653 | |
| Cost of revenue | (590) | (613) | (596) | (613) | (580) | (621) | (563) | |
| Cost of goods and services sold | (411) | (433) | (412) | (430) | (398) | (434) | (435) | |
| Gross profit: | 101 | 79 | (10) | 8 | 46 | 35 | 90 | |
| Operating expenses | (45) | (47) | (41) | (50) | (43) | (38) | (98) | |
| Other undisclosed operating income (loss) | (3) | (4) | 1 | (1) | 1 | (59) | ||
| Operating income (loss): | 53 | 28 | (50) | (43) | 3 | (2) | (67) | |
| Nonoperating expense | (86) | (93) | (99) | (106) | (103) | (97) | (52) | |
| Other nonoperating income (expense) | (6) | 3 | 1 | (3) | 3 | 14 | 9 | |
| Interest and debt expense | 6 | (100) | (102) | (110) | (115) | 51 | ||
| Loss from continuing operations before equity method investments, income taxes: | (27) | (165) | (251) | (149) | (210) | (214) | (68) | |
| Other undisclosed income (loss) from continuing operations before income taxes | (6) | 100 | 102 | 107 | 115 | (51) | ||
| Loss from continuing operations before income taxes: | (33) | (65) | (149) | (149) | (103) | (99) | (119) | |
| Income tax expense (benefit) | 5 | (3) | (26) | (111) | (27) | (4) | 21 | |
| Net loss: | (28) | (68) | (175) | (260) | (130) | (103) | (98) | |
| Net loss attributable to noncontrolling interest | (1) | |||||||
| Net loss available to common stockholders, diluted: | (28) | (68) | (175) | (260) | (130) | (103) | (99) | |
Comprehensive Income ($ in millions)Annual | Quarterly
| 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (28) | (68) | (175) | (260) | (130) | (103) | (98) | |
| Other comprehensive income (loss) | 2 | 1 | (10) | 177 | 3 | 3 | (4) | |
| Comprehensive loss: | (26) | (67) | (185) | (83) | (127) | (100) | (102) | |
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (1) | |||||||
| Comprehensive loss, net of tax, attributable to parent: | (26) | (67) | (185) | (83) | (127) | (100) | (103) | |
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.