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 82,81254,686502,726
Cash and cash equivalents 82,81254,686502,726
Receivables 154,896168,654119,452
Inventory, net of allowances, customer advances and progress billings 65,89255,80437,944
Inventory 65,89255,80437,944
Prepaid expense 16,89816,052
Deferred costs  6653,683
Prepaid expense and other current assets25,208
Deferred tax assets 2,1262,1392,461
Other current assets 247,938250,300
Other undisclosed current assets (239,812)(243,314)(2,629)
Total current assets: 330,750304,986688,845
Noncurrent Assets
Property, plant and equipment 3,117,8923,190,6482,717,506
Long-term investments and receivables 1,31832,48231,320
Long-term investments 1,31832,48231,320
Deposits noncurrent assets 1,3651,2801,269
Restricted cash and investments   21,262
Deferred costs 64,13667,371 
Other noncurrent assets 79,897100,027
Prepaid expense and other noncurrent assets92,536
Deferred tax assets, net 29  
Other undisclosed noncurrent assets (3,183,422)(3,259,299)(22,531)
Total noncurrent assets: 81,215132,5092,841,362
Other undisclosed assets 3,117,8923,190,648 
TOTAL ASSETS: 3,529,8573,628,1433,530,207
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 160,676164,341205,643
Interest and dividends payable 44,770  
Taxes payable 18,3589,1873,826
Employee-related liabilities 21,49020,88717,817
Accounts payable 59,13966,86050,909
Accrued liabilities 101,53797,481123,484
Other undisclosed accounts payable and accrued liabilities (84,618)(30,074)9,607
Debt 95,37863,50031,250
Deferred revenue and credits  9,5438,047
Other undisclosed current liabilities  (9,543)(39,297)
Total current liabilities: 256,054227,841205,643
Noncurrent Liabilities
Long-term debt and lease obligation 2,632,8022,852,0502,710,559
Long-term debt, excluding current maturities 2,632,8022,852,0502,710,559
Liabilities, other than long-term debt, including: 85,32742,79647,651
Deferred revenue and credits 72,158  
Deferred tax liabilities, net 2,5172,8012,131
Other liabilities 10,6525,61045,520
Other undisclosed liabilities, other than long-term debt  34,385 
Total noncurrent liabilities: 2,718,1292,894,8462,758,210
Total liabilities: 2,974,1833,122,6872,963,853
Equity
Equity, attributable to parent 555,674505,456568,485
Common stock 308304299
Additional paid in capital 905,136896,928878,137
Accumulated deficit (349,770)(391,776)(309,951)
Total equity: 555,674505,456568,485
Other undisclosed liabilities and equity   (2,131)
TOTAL LIABILITIES AND EQUITY: 3,529,8573,628,1433,530,207

Income Statement (P&L) ($ in thousands)

9/30/2015
TTM
12/31/2014
12/31/2013
12/31/2012
Revenues
(Revenue, Net)
 875,561732,060471,472
Gross profit: 875,561732,060471,472
Operating expenses (582,221)(475,136)(324,838)
Operating income: 293,340256,924146,634
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  312,476273,717
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  51349
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.

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