Ensco Rowan plc (ESV) financial statements (2020 and earlier)
Company profile
| Business Address |
6 CHESTERFIELD GARDENS LONDON, W1J5BQ |
| State of Incorp. | |
| 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 | 130 | 604 | 885 | 2,602 | 1,301 | 1,422 | 216 | ||
| Cash and cash equivalents | 130 | 275 | 445 | 1,160 | 121 | 665 | 166 | ||
| Short-term investments | 329 | 440 | 1,443 | 1,180 | 757 | 50 | |||
| Receivables | 567 | 345 | 345 | 361 | 582 | 883 | 856 | ||
| Inventory, net of allowances, customer advances and progress billings | 347 | 268 | 279 | 225 | 235 | 240 | 256 | ||
| Inventory | 347 | 268 | 279 | 225 | 235 | 240 | 256 | ||
| Prepaid expense | 124 | 107 | |||||||
| Deferred costs | 62 | 47 | |||||||
| Derivative instruments and hedges, assets | 1 | 12 | |||||||
| Disposal group, including discontinued operation | 152 | ||||||||
| Assets held-for-sale | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 9 | ||
| Other current assets | 488 | 361 | 381 | 316 | 402 | 629 | 514 | ||
| Other undisclosed current assets | (347) | (268) | (279) | (225) | (235) | (580) | (481) | ||
| Total current assets: | 1,184 | 1,310 | 1,612 | 3,279 | 2,285 | 2,935 | 1,535 | ||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 15,251 | 12,616 | 12,874 | 10,919 | 11,088 | 12,535 | 14,311 | ||
| Long-term investments and receivables | 591 | 19 | 52 | ||||||
| Long-term investments | 138 | ||||||||
| Accounts and financing receivable, after allowance for credit loss | 19 | 52 | |||||||
| Due from related parties | 453 | ||||||||
| Intangible assets, net (including goodwill) | 4 | 322 | 3,352 | ||||||
| Goodwill | 276 | 3,274 | |||||||
| Intangible assets, net (excluding goodwill) | 4 | 46 | 78 | ||||||
| Prepaid expense | 40 | 50 | |||||||
| Assets held-in-trust | 43 | 38 | |||||||
| Deferred costs | 82 | 59 | |||||||
| Other noncurrent assets | 205 | 98 | 140 | 176 | 264 | 314 | 353 | ||
| Assets held-for-sale, long lived | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 9 | ||
| Other undisclosed noncurrent assets | (4) | (230) | (286) | ||||||
| Total noncurrent assets: | 16,047 | 12,714 | 13,014 | 11,095 | 11,352 | 13,125 | 17,938 | ||
| TOTAL ASSETS: | 17,231 | 14,024 | 14,626 | 14,375 | 13,637 | 16,060 | 19,473 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 734 | 529 | 759 | 523 | 776 | 1,070 | 1,000 | ||
| Accounts payable | 326 | 211 | 433 | 146 | 225 | 373 | 341 | ||
| Accrued liabilities | 7 | ||||||||
| Employee-related liabilities | 118 | 83 | 112 | 124 | 162 | 214 | 242 | ||
| Taxes payable | 65 | 37 | 46 | 41 | 71 | 97 | 84 | ||
| Interest and dividends payable | 99 | 101 | 83 | 72 | 88 | 84 | |||
| Other undisclosed accounts payable and accrued liabilities | 118 | 98 | 84 | 140 | 230 | 302 | 333 | ||
| Debt | 126 | 332 | 35 | (48) | |||||
| Deferred revenue and credits | ✕ | ✕ | 241 | 170 | |||||
| Other liabilities | 408 | 318 | 326 | 377 | 697 | 659 | |||
| Other undisclosed current liabilities | (408) | (318) | (326) | (377) | (938) | (734) | |||
| Total current liabilities: | 860 | 529 | 759 | 854 | 776 | 1,105 | 1,047 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 6,042 | 5,010 | 4,751 | 4,943 | 5,895 | 5,886 | 4,719 | ||
| Long-term debt, excluding current maturities | 6,042 | 5,010 | 4,751 | 4,943 | 5,895 | 5,886 | 4,719 | ||
| Liabilities, other than long-term debt | 798 | 396 | 387 | 323 | 450 | 1,282 | 1,125 | ||
| Deferred revenue and credits | ✕ | ✕ | 0 | 396 | 218 | ||||
| Accounts payable and accrued liabilities | 40 | ||||||||
| Deferred tax liabilities, net | ✕ | 4 | 180 | 362 | |||||
| Other liabilities | 798 | 396 | 387 | 323 | 445 | 667 | 546 | ||
| Other undisclosed noncurrent liabilities | (0) | (435) | (218) | ||||||
| Total noncurrent liabilities: | 6,841 | 5,406 | 5,137 | 5,265 | 6,344 | 6,732 | 5,627 | ||
| Total liabilities: | 7,700 | 5,935 | 5,896 | 6,120 | 7,120 | 7,837 | 6,674 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | 9,531 | 8,091 | 8,732 | 8,251 | 6,513 | 8,215 | 12,792 | ||
| Treasury stock, value | (75) | (72) | (69) | (66) | (64) | (59) | (45) | ||
| Additional paid in capital | 8,618 | 7,225 | 7,195 | 6,402 | 5,555 | 5,518 | 5,467 | ||
| Accumulated other comprehensive income | 19 | 18 | 29 | 19 | 13 | 12 | 18 | ||
| Retained earnings | 888 | 874 | 1,533 | 1,864 | 985 | 2,720 | 7,327 | ||
| Other undisclosed stockholders' equity attributable to parent | 83 | 46 | 45 | 31 | 24 | 24 | 24 | ||
| Stockholders' equity attributable to noncontrolling interest | (1) | (3) | (2) | 4 | 4 | 8 | 7 | ||
| Total stockholders' equity: | 9,531 | 8,089 | 8,730 | 8,255 | 6,517 | 8,223 | 12,799 | ||
| TOTAL LIABILITIES AND EQUITY: | 17,231 | 14,024 | 14,626 | 14,375 | 13,637 | 16,060 | 19,473 | ||
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 | 1,940 | 1,705 | 1,843 | 2,776 | 4,063 | 4,578 | 4,920 | |
| Revenue, net | ✕ | ✕ | 1,843 | 2,776 | 4,063 | 4,565 | 4,920 | |
| Cost of revenue | (1,768) | (1,718) | (1,634) | (1,746) | (2,442) | (2,618) | (3,003) | |
| Cost of goods and services sold | (767) | (677) | (445) | (445) | (573) | (895) | (986) | |
| Gross profit: | 173 | (12) | 209 | 1,030 | 1,621 | 1,959 | 1,917 | |
| Operating expenses | (754) | (224) | (341) | (101) | (2,865) | (4,347) | (159) | |
| Other undisclosed operating loss | (3) | (13) | ||||||
| Operating income (loss): | (585) | (236) | (132) | 929 | (1,244) | (2,401) | 1,759 | |
| Nonoperating income (expense) | 493 | (303) | (64) | 68 | (228) | (148) | (100) | |
| Other nonoperating income (expense) | 849 | (35) | 134 | 283 | (21) | 1 | 42 | |
| Interest and debt expense | (5) | (19) | (3) | 288 | (34) | (161) | (159) | |
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | 5 | 19 | 3 | (288) | 34 | 161 | 159 | |
| Income (loss) from continuing operations before income taxes: | (93) | (539) | (196) | 998 | (1,471) | (2,549) | 1,659 | |
| Income tax expense (benefit) | (89) | (90) | (109) | (109) | 14 | (141) | (226) | |
| Income (loss) from continuing operations: | (181) | (629) | (305) | 889 | (1,457) | (2,689) | 1,433 | |
| Income (loss) from discontinued operations | (8) | 1 | 8 | (129) | (1,199) | (5) | ||
| Net income (loss): | (181) | (637) | (304) | 897 | (1,586) | (3,889) | 1,428 | |
| Net income (loss) attributable to noncontrolling interest | (4) | (3) | 1 | (7) | (9) | (14) | (10) | |
| Net income (loss) attributable to parent: | (186) | (640) | (304) | 890 | (1,595) | (3,903) | 1,418 | |
| Preferred stock dividends and other adjustments | (12) | (2) | (8) | (15) | ||||
| Other undisclosed net income available to common stockholders, basic | 0 | |||||||
| Net income (loss) available to common stockholders, basic: | (197) | (640) | (304) | 890 | (1,597) | (3,911) | 1,403 | |
| Other undisclosed net loss available to common stockholders, diluted | (0) | (17) | ||||||
| Net income (loss) available to common stockholders, diluted: | (197) | (640) | (304) | 874 | (1,597) | (3,911) | 1,403 | |
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): | (181) | (637) | (304) | 897 | (1,586) | (3,889) | 1,428 | |
| Other comprehensive income (loss) | (1) | (11) | 10 | 7 | 1 | (6) | (2) | |
| Comprehensive income (loss): | (182) | (648) | (295) | 904 | (1,585) | (3,895) | 1,426 | |
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (4) | (3) | 1 | (7) | (9) | (14) | 10 | |
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (19) | |||||||
| Comprehensive income (loss), net of tax, attributable to parent: | (187) | (651) | (294) | 897 | (1,594) | (3,909) | 1,416 | |
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.