Vantage Drilling International (VTGGF) financial statements (2021 and earlier)

Company profile

Business Address P.O. BOX 309
GRAND CAYMAN, KY1-1104
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)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments232815886216225179182
Cash and cash equivalents232815886216225179182
Restricted cash and investments36621055
Receivables48383328304042
Inventory, net of allowances, customer advances and progress billings48474545454344
Inventory48474545454344
Prepaid expense6675435
Contract with customer, asset0000102
Other undisclosed current assets811111011127
Total current assets:346923988306326283287
Noncurrent Assets
Operating lease, right-of-use asset7   
Property, plant and equipment721739757775787736743
Restricted cash and investments 55    
Other noncurrent assets17131319161418
Other undisclosed noncurrent assets 338   
Total noncurrent assets:745760778802803750761
TOTAL ASSETS:1,0911,6831,7661,1081,1301,0331,047
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities504714278626165
Accounts payable504710851444143
Accrued liabilities  3426182022
Other liabilities2739     
Total current liabilities:778614278626165
Noncurrent Liabilities
Long-term debt and lease obligation3441,1191,1191,1141,109960947
Long-term debt, excluding current maturities3441,1191,1191,1141,109960947
Liabilities, other than long-term debt, including:18252728232521
Deferred revenue2   
Contract with customer, liability334456
Deferred compensation liability, classified 13141312128
Deferred tax liabilities, net111111
Other liabilities6656677
Other undisclosed liabilities, other than long-term debt10445   
Total noncurrent liabilities:3611,1441,1461,1431,132985969
Total liabilities:4381,2301,2871,2201,1941,0461,034
Stockholders' equity
Stockholders' equity attributable to parent652452478(113)(65)(13)14
Common stock0000000
Additional paid in capital635374374374374374374
Retained earnings (accumulated deficit)1778104(487)(439)(386)(360)
Stockholders' equity attributable to noncontrolling interest1010   
Total stockholders' equity:653453479(112)(65)(13)14
TOTAL LIABILITIES AND EQUITY:1,0911,6831,7661,1081,1301,0331,047

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

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues494163635436560
Cost of revenue(61)(56)(56)(55)(58)(60)(62)
Gross profit:(11)(16)580(21)(15)5(2)
Operating expenses(43)(7)(71)(10)(8)(11)(6)
Operating income (loss):(54)(22)509(31)(23)(6)(8)
Nonoperating income (expense)(7)(6)98(15)(21)(19)(20)
Investment income, nonoperating341081110
Interest and debt expense(10)(10)(10)(16)57(19)(19)
Income (loss) from continuing operations before equity method investments, income taxes:(71)(39)596(62)13(44)(47)
Other undisclosed income (loss) from continuing operations before income taxes10101016(57)1919
Income (loss) from continuing operations before income taxes:(61)(28)607(46)(44)(25)(28)
Income tax expense (benefit)13(16)(2)(8)(2)(3)
Net income (loss):(60)(26)590(48)(52)(26)(31)
Net income (loss) attributable to noncontrolling interest(1)000   
Net income (loss) available to common stockholders, diluted:(61)(26)591(48)(52)(26)(31)

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income (loss):(60)(26)590(48)(52)(26)(31)
Comprehensive income (loss):(60)(26)590(48)(52)(26)(31)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(1)000   
Comprehensive income (loss), net of tax, attributable to parent:(61)(26)591(48)(52)(26)(31)

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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