Transocean Ltd. (RIG) financial statements (2021 and earlier)

Company profile

Business Address TURMSTRASSE 30
STEINHAUSEN, 6312
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)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,1541,3821,5111,4831,7901,9062,243
Cash and cash equivalents1,1541,3821,5111,4831,7901,9062,243
Restricted cash and investments406448437531558551610
Receivables583699703654654639645
Inventory, net of allowances, customer advances and progress billings(143)(118)(122)(127)(127)(123)(133)
Inventory(143)(118)(122)(127)(127)(123)(133)
Prepaid expense434459457459479475488
Disposal group, including discontinued operation 9145 156
Other current assets163187176164159200222
Other undisclosed current assets143109108122127108127
Total current assets:2,7403,1753,2843,2913,6403,7714,208
Noncurrent Assets
Property, plant and equipment17,66717,83118,00918,58018,84718,94819,594
Intangible assets, net (including goodwill)393450507560608655703
Intangible assets, net (excluding goodwill)393450507560608655703
Deferred income tax assets9191720202171
Other noncurrent assets9959971,0081,0009901,0541,048
Total noncurrent assets:19,06419,29719,54120,16020,46520,67821,416
TOTAL ASSETS:21,80422,47222,82523,45124,10524,44925,624
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities222256306285375343305
Accounts payable194214264244311308276
Taxes payable28424241643529
Debt505640578581568349349
Other liabilities659655704728781797807
Total current liabilities:1,3861,5511,5881,5941,7241,4891,461
Noncurrent Liabilities
Long-term debt and lease obligation, including:7,3027,7948,4808,5768,6939,0419,378
Finance lease, liability407   444453462
Operating lease, liability    116110112
Other undisclosed long-term debt and lease obligation6,8957,7948,4808,5768,1338,4788,804
Liabilities, other than long-term debt1,6811,7241,7701,8061,8211,9772,028
Deferred income tax liabilities315294294277266193208
Other liabilities1,3661,4301,4761,5291,5551,7841,820
Total noncurrent liabilities:8,9839,51810,25010,38210,51411,01811,406
Total liabilities:10,36911,06911,83811,97612,23812,50712,867
Stockholders' equity
Stockholders' equity attributable to parent11,43211,39710,98111,46911,86211,93312,748
Common stock60606060595959
Additional paid in capital13,50113,49313,43813,43113,42413,41513,405
Accumulated other comprehensive loss(263)(327)(329)(331)(324)(295)(295)
Accumulated deficit(1,866)(1,829)(2,188)(1,691)(1,297)(1,246)(421)
Stockholders' equity attributable to noncontrolling interest3666599
Total stockholders' equity:11,43511,40310,98711,47511,86711,94212,757
TOTAL LIABILITIES AND EQUITY:21,80422,47222,82523,45124,10524,44925,624

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

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues690773930759792784758
Cost of revenue(718)(596)(722)(577)(757)(547)(718)
Cost of goods and services sold(465)(470)(525)(540)(575)(547)(510)
Gross profit:(28)1772081823523740
Operating expenses14(109)(44)(212)(79)(632)(56)
Other undisclosed operating loss(20)(64)(428)(169)(30)(212)(11)
Operating income (loss):(34)4(264)(199)(74)(607)(27)
Nonoperating income (expense)18331(201)(196)(5)(164)(142)
Investment income, nonoperating2649101112
Other nonoperating income (expense)(4)21(56)12147323
Interest and debt expense1374494(57)(2)(12)(9)
Income (loss) from continuing operations before equity method investments, income taxes:121784(461)(452)(81)(783)(178)
Other undisclosed income (loss) from continuing operations before income taxes(137)(449)(4)572129
Income (loss) from continuing operations before income taxes:(16)335(465)(395)(79)(771)(169)
Income tax expense (benefit)(23)24(32)424(54)(37)
Net income (loss):(39)359(497)(391)(55)(825)(206)
Net income (loss) attributable to noncontrolling interest2  (1)4 (2)
Net income (loss) available to common stockholders, basic:(37)359(497)(392)(51)(825)(208)
Dilutive securities, effect on basic earnings per share 1     
Net income (loss) available to common stockholders, diluted:(37)360(497)(392)(51)(825)(208)

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income (loss):(39)359(497)(391)(55)(825)(206)
Other comprehensive income (loss)6422(7)(29) 1
Comprehensive income (loss):25361(495)(398)(84)(825)(205)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest2  (1)4 (2)
Comprehensive income (loss), net of tax, attributable to parent:27361(495)(399)(80)(825)(207)

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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