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)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2094543761561312502,097
Cash and cash equivalents209154376156119234347
Short-term investments 300 012161,750
Receivables238169257247400457916
Prepaid expense8617411195655
Contract with customer, asset97
Deferred costs26705161535320
Disposal group, including discontinued operation    14  
Assets held-for-sale, not part of disposal group1 96014
Assets held-for-sale8
Other current assets6545445
Other undisclosed current assets172028253479(382)
Total current assets:5147868875066708992,718
Noncurrent Assets
Property, plant and equipment5,1515,1845,2625,7276,3796,9465,467
Other noncurrent assets20666102139116176206
Total noncurrent assets:5,3575,2505,3645,8666,4957,1225,673
TOTAL ASSETS:5,8716,0366,2516,3727,1658,0218,391
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities279237223236339340246
Accounts payable694439307013894
Accrued liabilities19017215518225410 
Employee-related liabilities     132121
Taxes payable20213024154231
Interest and dividends payable     18 
Debt   104287250250
Derivative instruments and hedges, liabilities      1
Deferred revenue and credits   6327
Other liabilities     427371
Other undisclosed current liabilities     (224)(150)
Total current liabilities:279237223340626857746
Noncurrent Liabilities
Long-term debt and lease obligation1,9751,9741,9721,9811,9951,9952,244
Long-term debt, excluding current maturities1,9751,9741,9721,9811,9951,9952,244
Liabilities, other than long-term debt257240281300432719764
Deferred tax liabilities, net104167197277530526
Other liabilities257136113103155188239
Other undisclosed noncurrent liabilities54      
Total noncurrent liabilities:2,2872,2142,2532,2812,4262,7133,009
Total liabilities:2,5662,4512,4762,6223,0523,5703,754
Stockholders' equity
Stockholders' equity attributable to parent3,3053,5853,7743,7504,1134,4524,637
Common stock1111111
Treasury stock, value(206)(204)(203)(203)(202)(202)(114)
Additional paid in capital2,0232,0182,0112,0052,0001,9941,989
Accumulated other comprehensive income (loss)(0)0(0)0(5)(4)0
Retained earnings1,4871,7691,9641,9472,3192,6622,761
Total stockholders' equity:3,3053,5853,7743,7504,1134,4524,637
TOTAL LIABILITIES AND EQUITY:5,8716,0366,2516,3727,1658,0218,391

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues9371,0831,4861,6002,4192,8152,920
Revenue, net1,4861,6002,4192,8152,920
Cost of revenue(1,138)(1,078)(1,184)(1,890)(2,640)(2,056)(2,036)
Cost of goods and services sold(350)(332)(1,184)(1,212)(1,779)(2,056)(2,036)
Gross profit:(201)6301(290)(220)758885
Operating expenses(69)(118)(177)(67)(74)(186)(83)
Operating income (loss):(271)(112)124(357)(294)573802
Nonoperating income (expense)694(21)75(3)
Investment income, nonoperating8821311
Foreign currency transaction gain (loss), before tax(2)(0)(1)(12)23(5)
Other nonoperating income (expense)112(11)112
Interest and debt expense(92) (35)    
Other undisclosed loss from continuing operations before equity method investments, income taxes(123)(123)(114)(90)(94)(62)(25)
Income (loss) from continuing operations before equity method investments, income taxes:(480)(227)(21)(468)(381)515774
Other undisclosed income from continuing operations before income taxes92      
Income (loss) from continuing operations before income taxes:(388)(227)(21)(468)(381)515774
Income tax expense (benefit)26464096107(128)(226)
Net income (loss) available to common stockholders, diluted:(362)(180)18(373)(274)387549

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(362)(180)18(373)(274)387549
Other comprehensive income (loss)(0)0(0)5(1)(4)(2)
Comprehensive income (loss), net of tax, attributable to parent:(362)(180)18(367)(276)383547

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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