Vantage Drilling Co (VTG) Financial Statements (2024 and earlier)
Company Profile
Business Address |
C/O M&C CORPORATE SVC LTD., PO BOX 309GT GRAND CAYMAN, KY1-1104 |
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 thousands)
9/30/2015 MRQ | 12/31/2014 | 12/31/2013 | 12/31/2012 | |||
---|---|---|---|---|---|---|
ASSETS | ||||||
Current Assets | ||||||
Cash, cash equivalents, and short-term investments | 82,812 | 54,686 | 502,726 | |||
Cash and cash equivalents | 82,812 | 54,686 | 502,726 | |||
Receivables | 154,896 | 168,654 | 119,452 | |||
Inventory, net of allowances, customer advances and progress billings | 65,892 | 55,804 | 37,944 | |||
Inventory | 65,892 | 55,804 | 37,944 | |||
Prepaid expense | 16,898 | 16,052 | ✕ | |||
Deferred costs | 665 | 3,683 | ||||
Prepaid expense and other current assets | ✕ | ✕ | ✕ | 25,208 | ||
Deferred tax assets | 2,126 | 2,139 | 2,461 | |||
Other current assets | 247,938 | 250,300 | ✕ | |||
Other undisclosed current assets | (239,812) | (243,314) | (2,629) | |||
Total current assets: | 330,750 | 304,986 | 688,845 | |||
Noncurrent Assets | ||||||
Property, plant and equipment | 3,117,892 | 3,190,648 | 2,717,506 | |||
Long-term investments and receivables | 1,318 | 32,482 | 31,320 | |||
Long-term investments | 1,318 | 32,482 | 31,320 | |||
Deposits noncurrent assets | 1,365 | 1,280 | 1,269 | |||
Restricted cash and investments | 21,262 | |||||
Deferred costs | 64,136 | 67,371 | ||||
Other noncurrent assets | 79,897 | 100,027 | ✕ | |||
Prepaid expense and other noncurrent assets | ✕ | ✕ | ✕ | 92,536 | ||
Deferred tax assets, net | 29 | |||||
Other undisclosed noncurrent assets | (3,183,422) | (3,259,299) | (22,531) | |||
Total noncurrent assets: | 81,215 | 132,509 | 2,841,362 | |||
Other undisclosed assets | 3,117,892 | 3,190,648 | ||||
TOTAL ASSETS: | 3,529,857 | 3,628,143 | 3,530,207 | |||
LIABILITIES AND EQUITY | ||||||
Liabilities | ||||||
Current Liabilities | ||||||
Accounts payable and accrued liabilities, including: | 160,676 | 164,341 | 205,643 | |||
Interest and dividends payable | 44,770 | |||||
Taxes payable | 18,358 | 9,187 | 3,826 | |||
Employee-related liabilities | 21,490 | 20,887 | 17,817 | |||
Accounts payable | 59,139 | 66,860 | 50,909 | |||
Accrued liabilities | 101,537 | 97,481 | 123,484 | |||
Other undisclosed accounts payable and accrued liabilities | (84,618) | (30,074) | 9,607 | |||
Debt | 95,378 | 63,500 | 31,250 | |||
Deferred revenue and credits | 9,543 | 8,047 | ||||
Other undisclosed current liabilities | (9,543) | (39,297) | ||||
Total current liabilities: | 256,054 | 227,841 | 205,643 | |||
Noncurrent Liabilities | ||||||
Long-term debt and lease obligation | 2,632,802 | 2,852,050 | 2,710,559 | |||
Long-term debt, excluding current maturities | 2,632,802 | 2,852,050 | 2,710,559 | |||
Liabilities, other than long-term debt, including: | 85,327 | 42,796 | 47,651 | |||
Deferred revenue and credits | 72,158 | |||||
Deferred tax liabilities, net | 2,517 | 2,801 | 2,131 | |||
Other liabilities | 10,652 | 5,610 | 45,520 | |||
Other undisclosed liabilities, other than long-term debt | 34,385 | |||||
Total noncurrent liabilities: | 2,718,129 | 2,894,846 | 2,758,210 | |||
Total liabilities: | 2,974,183 | 3,122,687 | 2,963,853 | |||
Equity | ||||||
Equity, attributable to parent | 555,674 | 505,456 | 568,485 | |||
Common stock | 308 | 304 | 299 | |||
Additional paid in capital | 905,136 | 896,928 | 878,137 | |||
Accumulated deficit | (349,770) | (391,776) | (309,951) | |||
Total equity: | 555,674 | 505,456 | 568,485 | |||
Other undisclosed liabilities and equity | (2,131) | |||||
TOTAL LIABILITIES AND EQUITY: | 3,529,857 | 3,628,143 | 3,530,207 |
Income Statement (P&L) ($ in thousands)
9/30/2015 TTM | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
---|---|---|---|---|---|
Revenues (Revenue, Net) | 875,561 | 732,060 | 471,472 | ||
Gross profit: | 875,561 | 732,060 | 471,472 | ||
Operating expenses | (582,221) | (475,136) | (324,838) | ||
Operating income: | 293,340 | 256,924 | 146,634 | ||
Nonoperating expense | (211,306) | (310,634) | (273,032) | ||
Interest and debt expense | (208,272) | (312,476) | (273,717) | ||
Other undisclosed income from continuing operations before equity method investments, income taxes | 312,476 | 273,717 | |||
Loss from continuing operations before equity method investments, income taxes: | (126,238) | (53,710) | (126,398) | ||
Loss from equity method investments | (570) | (513) | (49) | ||
Other undisclosed income from continuing operations before income taxes | 208,842 | ||||
Income (loss) from continuing operations before income taxes: | 82,034 | (54,223) | (126,447) | ||
Income tax expense | (40,028) | (28,115) | (18,906) | ||
Income (loss) from continuing operations: | 42,006 | (82,338) | (145,353) | ||
Income (loss) before gain (loss) on sale of properties: | 42,006 | (82,338) | (145,353) | ||
Net income (loss): | 42,006 | (82,338) | (145,353) | ||
Other undisclosed net income attributable to parent | 513 | 49 | |||
Net income (loss) available to common stockholders, diluted: | 42,006 | (81,825) | (145,304) |
Comprehensive Income ($ in thousands)
9/30/2015 TTM | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
---|---|---|---|---|---|
Net income (loss): | 42,006 | (82,338) | (145,353) | ||
Comprehensive income (loss), net of tax, attributable to parent: | 42,006 | (82,338) | (145,353) |
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.