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 investments | 209 | 454 | 376 | 156 | 131 | 250 | 2,097 | ||
| Cash and cash equivalents | 209 | 154 | 376 | 156 | 119 | 234 | 347 | ||
| Short-term investments | 300 | 0 | 12 | 16 | 1,750 | ||||
| Receivables | 238 | 169 | 257 | 247 | 400 | 457 | 916 | ||
| Prepaid expense | 8 | 61 | 74 | 11 | 19 | 56 | 55 | ||
| Contract with customer, asset | 9 | 7 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Deferred costs | 26 | 70 | 51 | 61 | 53 | 53 | 20 | ||
| Disposal group, including discontinued operation | 14 | ||||||||
| Assets held-for-sale, not part of disposal group | 1 | 96 | 0 | 14 | ✕ | ✕ | |||
| Assets held-for-sale | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 8 | ||
| Other current assets | 6 | 5 | 4 | 5 | 4 | 4 | 5 | ||
| Other undisclosed current assets | 17 | 20 | 28 | 25 | 34 | 79 | (382) | ||
| Total current assets: | 514 | 786 | 887 | 506 | 670 | 899 | 2,718 | ||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 5,151 | 5,184 | 5,262 | 5,727 | 6,379 | 6,946 | 5,467 | ||
| Other noncurrent assets | 206 | 66 | 102 | 139 | 116 | 176 | 206 | ||
| Total noncurrent assets: | 5,357 | 5,250 | 5,364 | 5,866 | 6,495 | 7,122 | 5,673 | ||
| TOTAL ASSETS: | 5,871 | 6,036 | 6,251 | 6,372 | 7,165 | 8,021 | 8,391 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 279 | 237 | 223 | 236 | 339 | 340 | 246 | ||
| Accounts payable | 69 | 44 | 39 | 30 | 70 | 138 | 94 | ||
| Accrued liabilities | 190 | 172 | 155 | 182 | 254 | 10 | |||
| Employee-related liabilities | 132 | 121 | |||||||
| Taxes payable | 20 | 21 | 30 | 24 | 15 | 42 | 31 | ||
| Interest and dividends payable | 18 | ||||||||
| Debt | 104 | 287 | 250 | 250 | |||||
| Derivative instruments and hedges, liabilities | 1 | ||||||||
| Deferred revenue and credits | ✕ | ✕ | 63 | 27 | |||||
| Other liabilities | 427 | 371 | |||||||
| Other undisclosed current liabilities | (224) | (150) | |||||||
| Total current liabilities: | 279 | 237 | 223 | 340 | 626 | 857 | 746 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 1,975 | 1,974 | 1,972 | 1,981 | 1,995 | 1,995 | 2,244 | ||
| Long-term debt, excluding current maturities | 1,975 | 1,974 | 1,972 | 1,981 | 1,995 | 1,995 | 2,244 | ||
| Liabilities, other than long-term debt | 257 | 240 | 281 | 300 | 432 | 719 | 764 | ||
| Deferred tax liabilities, net | ✕ | 104 | 167 | 197 | 277 | 530 | 526 | ||
| Other liabilities | 257 | 136 | 113 | 103 | 155 | 188 | 239 | ||
| Other undisclosed noncurrent liabilities | 54 | ||||||||
| Total noncurrent liabilities: | 2,287 | 2,214 | 2,253 | 2,281 | 2,426 | 2,713 | 3,009 | ||
| Total liabilities: | 2,566 | 2,451 | 2,476 | 2,622 | 3,052 | 3,570 | 3,754 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 3,305 | 3,585 | 3,774 | 3,750 | 4,113 | 4,452 | 4,637 | ||
| Common stock | 1 | 1 | 1 | 1 | 1 | 1 | 1 | ||
| Treasury stock, value | (206) | (204) | (203) | (203) | (202) | (202) | (114) | ||
| Additional paid in capital | 2,023 | 2,018 | 2,011 | 2,005 | 2,000 | 1,994 | 1,989 | ||
| Accumulated other comprehensive income (loss) | (0) | 0 | (0) | 0 | (5) | (4) | 0 | ||
| Retained earnings | 1,487 | 1,769 | 1,964 | 1,947 | 2,319 | 2,662 | 2,761 | ||
| Total stockholders' equity: | 3,305 | 3,585 | 3,774 | 3,750 | 4,113 | 4,452 | 4,637 | ||
| TOTAL LIABILITIES AND EQUITY: | 5,871 | 6,036 | 6,251 | 6,372 | 7,165 | 8,021 | 8,391 | ||
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 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 937 | 1,083 | 1,486 | 1,600 | 2,419 | 2,815 | 2,920 | |
| Revenue, net | ✕ | ✕ | 1,486 | 1,600 | 2,419 | 2,815 | 2,920 | |
| 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) | 6 | 301 | (290) | (220) | 758 | 885 | |
| Operating expenses | (69) | (118) | (177) | (67) | (74) | (186) | (83) | |
| Operating income (loss): | (271) | (112) | 124 | (357) | (294) | 573 | 802 | |
| Nonoperating income (expense) | 6 | 9 | 4 | (21) | 7 | 5 | (3) | |
| Investment income, nonoperating | 8 | 8 | 2 | 1 | 3 | 1 | 1 | |
| Foreign currency transaction gain (loss), before tax | (2) | (0) | (1) | (12) | 2 | 3 | (5) | |
| Other nonoperating income (expense) | 1 | 1 | 2 | (11) | 1 | 1 | 2 | |
| 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) | 515 | 774 | |
| Other undisclosed income from continuing operations before income taxes | 92 | |||||||
| Income (loss) from continuing operations before income taxes: | (388) | (227) | (21) | (468) | (381) | 515 | 774 | |
| Income tax expense (benefit) | 26 | 46 | 40 | 96 | 107 | (128) | (226) | |
| Net income (loss) available to common stockholders, diluted: | (362) | (180) | 18 | (373) | (274) | 387 | 549 | |
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) | 387 | 549 | |
| 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) | 383 | 547 | |
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.