Diamond Offshore Drilling, Inc. (DO) financial statements (2023 and earlier)

Company profile

Business Address 15415 KATY FREEWAY
HOUSTON, TX 77094
State of Incorp. DE
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)
Annual | Quarterly

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments38 156454376
Cash and cash equivalents38 156154376
Short-term investments   300 
Receivables146 251169257
Prepaid expense24 186174
Contract with customer, asset2 67✕
Deferred costs7 207051
Assets held-for-sale, not part of disposal group1 1 96
Other current assets7 354
Other undisclosed current assets46 212028
Total current assets:272 477786887
Noncurrent Assets
Property, plant and equipment1,176 5,1535,1845,262
Other noncurrent assets84 20466102
Total noncurrent assets:1,260 5,3575,2505,364
TOTAL ASSETS:1,531 5,8346,0366,251
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities217 303237223
Accounts payable39 694439
Accrued liabilities144 211172155
Taxes payable35 232130
Debt16    
Total current liabilities:233 303237223
Noncurrent Liabilities
Long-term debt and lease obligation415 1,9761,9741,972
Long-term debt, excluding current maturities266 1,9761,9741,972
Finance lease, liability148  ✕✕
Liabilities, other than long-term debt116 276240281
Deferred tax liabilities, net✕✕✕104167
Deferred income tax liabilities2  ✕✕
Other liabilities115 276136113
Other undisclosed noncurrent liabilities  48  
Total noncurrent liabilities:531 2,2992,2142,253
Total liabilities:764 2,6022,4512,476
Stockholders' equity
Stockholders' equity attributable to parent768 3,2323,5853,774
Common stock0 111
Treasury stock, value  (206)(204)(203)
Additional paid in capital945 2,0242,0182,011
Accumulated other comprehensive income (loss)  (0)0(0)
Retained earnings (accumulated deficit)(177) 1,4121,7691,964
Total stockholders' equity:768 3,2323,5853,774
TOTAL LIABILITIES AND EQUITY:1,531 5,8346,0366,251

Income statement (P&L) ($ in millions)
Annual | Quarterly

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues  9811,0831,486
Revenue, net✕✕✕✕1,486
Cost of revenue  (1,194)(1,078)(1,184)
Cost of goods and services sold  (356)(332)(1,184)
Gross profit:  (213)6301
Operating expenses(0) (69)(118)(177)
Operating income (loss):(0) (282)(112)124
Nonoperating income  394
Investment income, nonoperating  682
Foreign currency transaction loss, before tax  (4)(0)(1)
Other nonoperating income  112
Interest and debt expense  (123) (35)
Other undisclosed loss from continuing operations before equity method investments, income taxes   (123)(114)
Loss from continuing operations before income taxes:(0) (402)(227)(21)
Income tax benefit  454640
Net income (loss) available to common stockholders, diluted:(0) (357)(180)18

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(0) (357)(180)18
Other comprehensive income (loss)  (0)0(0)
Comprehensive income (loss), net of tax, attributable to parent:(0) (357)(180)18

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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