Diamond Offshore Drilling, Inc. (DO) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments156454376156131250
Cash and cash equivalents156154376156119234
Short-term investments 300 01216
Receivables251169257247400457
Prepaid expense186174111956
Contract with customer, asset67
Deferred costs207051615353
Disposal group, including discontinued operation    14 
Assets held-for-sale, not part of disposal group1 96014
Other current assets354544
Other undisclosed current assets212028253479
Total current assets:477786887506670899
Noncurrent Assets
Property, plant and equipment5,1535,1845,2625,7276,3796,946
Other noncurrent assets20466102139116176
Total noncurrent assets:5,3575,2505,3645,8666,4957,122
TOTAL ASSETS:5,8346,0366,2516,3727,1658,021
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities303237223236339340
Accounts payable6944393070138
Accrued liabilities21117215518225410
Employee-related liabilities     132
Taxes payable232130241542
Interest and dividends payable     18
Debt   104287250
Deferred revenue and credits   63
Other liabilities     427
Other undisclosed current liabilities     (224)
Total current liabilities:303237223340626857
Noncurrent Liabilities
Long-term debt and lease obligation1,9761,9741,9721,9811,9951,995
Long-term debt, excluding current maturities1,9761,9741,9721,9811,9951,995
Liabilities, other than long-term debt276240281300432719
Deferred tax liabilities, net104167197277530
Other liabilities276136113103155188
Other undisclosed noncurrent liabilities48     
Total noncurrent liabilities:2,2992,2142,2532,2812,4262,713
Total liabilities:2,6022,4512,4762,6223,0523,570
Stockholders' equity
Stockholders' equity attributable to parent3,2323,5853,7743,7504,1134,452
Common stock111111
Treasury stock, value(206)(204)(203)(203)(202)(202)
Additional paid in capital2,0242,0182,0112,0052,0001,994
Accumulated other comprehensive income (loss)(0)0(0)0(5)(4)
Retained earnings1,4121,7691,9641,9472,3192,662
Total stockholders' equity:3,2323,5853,7743,7504,1134,452
TOTAL LIABILITIES AND EQUITY:5,8346,0366,2516,3727,1658,021

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues9811,0831,4861,6002,4192,815
Revenue, net1,4861,6002,4192,815
Cost of revenue(1,194)(1,078)(1,184)(1,890)(2,640)(2,056)
Cost of goods and services sold(356)(332)(1,184)(1,212)(1,779)(2,056)
Gross profit:(213)6301(290)(220)758
Operating expenses(69)(118)(177)(67)(74)(186)
Operating income (loss):(282)(112)124(357)(294)573
Nonoperating income (expense)394(21)75
Investment income, nonoperating682131
Foreign currency transaction gain (loss), before tax(4)(0)(1)(12)23
Other nonoperating income (expense)112(11)11
Interest and debt expense(123) (35)   
Other undisclosed loss from continuing operations before equity method investments, income taxes (123)(114)(90)(94)(62)
Income (loss) from continuing operations before income taxes:(402)(227)(21)(468)(381)515
Income tax expense (benefit)45464096107(128)
Net income (loss) available to common stockholders, diluted:(357)(180)18(373)(274)387

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(357)(180)18(373)(274)387
Other comprehensive income (loss)(0)0(0)5(1)(4)
Comprehensive income (loss), net of tax, attributable to parent:(357)(180)18(367)(276)383

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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