Diamond Offshore Drilling, Inc. (DO) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments406156454376156131
Cash and cash equivalents406156154376156119
Short-term investments  300 012
Receivables131251169257247400
Prepaid expense211861741119
Contract with customer, asset367
Deferred costs202070516153
Disposal group, including discontinued operation     14
Assets held-for-sale, not part of disposal group21 96014
Other current assets435454
Other undisclosed current assets402120282534
Total current assets:625477786887506670
Noncurrent Assets
Property, plant and equipment4,1235,1535,1845,2625,7276,379
Other noncurrent assets20020466102139116
Total noncurrent assets:4,3235,3575,2505,3645,8666,495
TOTAL ASSETS:4,9485,8346,0366,2516,3727,165
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities201303237223236339
Accounts payable336944393070
Accrued liabilities141211172155182254
Taxes payable272321302415
Debt    104287
Total current liabilities:201303237223340626
Noncurrent Liabilities
Long-term debt and lease obligation231,9761,9741,9721,9811,995
Long-term debt, excluding current maturities 1,9761,9741,9721,9811,995
Operating lease, liability23 
Liabilities, other than long-term debt151276240281300432
Deferred revenue5 
Deferred tax liabilities, net104167197277
Deferred income tax liabilities28 
Other liabilities117276136113103155
Other undisclosed noncurrent liabilities 48    
Total noncurrent liabilities:1742,2992,2142,2532,2812,426
Total liabilities:3762,6022,4512,4762,6223,052
Stockholders' equity
Stockholders' equity attributable to parent1,9833,2323,5853,7743,7504,113
Common stock111111
Treasury stock, value(206)(206)(204)(203)(203)(202)
Additional paid in capital2,0302,0242,0182,0112,0052,000
Accumulated other comprehensive income (loss) (0)0(0)0(5)
Retained earnings1571,4121,7691,9641,9472,319
Total stockholders' equity:1,9833,2323,5853,7743,7504,113
Other undisclosed liabilities and equity2,590     
TOTAL LIABILITIES AND EQUITY:4,9485,8346,0366,2516,3727,165

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues7349811,0831,4861,6002,419
Revenue, net1,4861,6002,419
Cost of revenue(978)(1,194)(1,078)(1,184)(1,890)(2,640)
Cost of goods and services sold(320)(356)(332)(1,184)(1,212)(1,779)
Gross profit:(244)(213)6301(290)(220)
Operating expenses(909)(69)(118)(177)(67)(74)
Operating income (loss):(1,153)(282)(112)124(357)(294)
Nonoperating income (expense)(3)394(21)7
Investment income, nonoperating068213
Foreign currency transaction gain (loss), before tax(4)(4)(0)(1)(12)2
Other nonoperating income (expense)1112(11)1
Interest and debt expense(43)(123) (35)  
Other undisclosed loss from continuing operations before equity method investments, income taxes(77) (123)(114)(90)(94)
Loss from continuing operations before income taxes:(1,276)(402)(227)(21)(468)(381)
Income tax benefit2145464096107
Net income (loss) available to common stockholders, diluted:(1,255)(357)(180)18(373)(274)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(1,255)(357)(180)18(373)(274)
Other comprehensive income (loss)0(0)0(0)5(1)
Comprehensive income (loss), net of tax, attributable to parent:(1,255)(357)(180)18(367)(276)

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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