Ensco Rowan plc (ESV) financial statements (2021 and earlier)

Company profile

Business Address 110 CANNON STREET
LONDON, EC4N6EU
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)

12/31/2020
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 investments326976048852,6021,3011,422
Cash and cash equivalents326972754451,160121665
Short-term investments  3294401,4431,180757
Receivables449521345345361582883
Inventory, net of allowances, customer advances and progress billings279340268279225235240
Inventory279340268279225235240
Prepaid expense      124
Deferred costs      62
Derivative instruments and hedges, assets      1
Disposal group, including discontinued operation      152
Other current assets398447361381316402629
Other undisclosed current assets(279)(340)(268)(279)(225)(235)(580)
Total current assets:1,1731,0641,3101,6123,2792,2852,935
Noncurrent Assets
Property, plant and equipment10,96115,09712,61612,87410,91911,08812,535
Long-term investments and receivables564582    19
Long-term investments121129     
Accounts and financing receivable, after allowance for credit loss      19
Due from related parties443453     
Intangible assets, net (including goodwill)     4322
Goodwill      276
Intangible assets, net (excluding goodwill)     446
Prepaid expense      40
Assets held-in-trust      43
Deferred costs      82
Other noncurrent assets17618898140176264314
Other undisclosed noncurrent assets     (4)(230)
Total noncurrent assets:11,70015,86712,71413,01411,09511,35213,125
TOTAL ASSETS:12,87316,93114,02414,62614,37513,63716,060
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1767065297595237761,070
Accounts payable176288211433146225373
Employee-related liabilities 13483112124162214
Taxes payable 613746417197
Interest and dividends payable 11510183728884
Other undisclosed accounts payable and accrued liabilities 1079884140230302
Debt 125  332 35
Deferred revenue and credits   241
Other liabilities250418318326377 697
Other undisclosed current liabilities (418)(318)(326)(377) (938)
Total current liabilities:4278315297598547761,105
Noncurrent Liabilities
Long-term debt and lease obligation 5,9245,0104,7514,9435,8955,886
Long-term debt, excluding current maturities 5,9245,0104,7514,9435,8955,886
Liabilities, other than long-term debt7628673963873234501,282
Deferred revenue and credits  0396
Accounts payable and accrued liabilities      40
Deferred tax liabilities, net   4180
Other liabilities762867396387323445667
Other undisclosed noncurrent liabilities7,314    (0)(435)
Total noncurrent liabilities:8,0766,7915,4065,1375,2656,3446,732
Total liabilities:8,5037,6225,9355,8966,1207,1207,837
Stockholders' equity
Stockholders' equity attributable to parent, including:4,3759,3118,0918,7328,2516,5138,215
Treasury stock, value(76)(77)(72)(69)(66)(64)(59)
Additional paid in capital8,6408,6287,2257,1956,4025,5555,518
Accumulated other comprehensive income (loss)(88)61829191312
Retained earnings (accumulated deficit)(4,184)6728741,5331,8649852,720
Other undisclosed stockholders' equity attributable to parent83834645312424
Stockholders' equity attributable to noncontrolling interest(4)(1)(3)(2)448
Total stockholders' equity:4,3709,3108,0898,7308,2556,5178,223
TOTAL LIABILITIES AND EQUITY:12,87316,93114,02414,62614,37513,63716,060

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues1,4272,0531,7051,8432,7764,0634,578
Revenue, net1,8432,7764,0634,565
Cost of revenue(4,402)(1,806)(1,718)(1,634)(1,746)(2,442)(2,618)
Cost of goods and services sold(541)(1,806)(677)(445)(445)(573)(895)
Gross profit:(2,974)247(12)2091,0301,6211,959
Operating expenses(1,459)(1,806)(224)(341)(101)(2,865)(4,347)
Other undisclosed operating income (loss)110891    (13)
Operating income (loss):(4,323)(668)(236)(132)929(1,244)(2,401)
Nonoperating income (expense)(794)604(303)(64)68(228)(148)
Other nonoperating income (expense)41,004(35)134283(21)1
Interest and debt expense3194(19)(3)288(34)(161)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(3)(194)193(288)34161
Income (loss) from continuing operations before income taxes:(5,117)(64)(539)(196)998(1,471)(2,549)
Income tax expense (benefit)259(128)(90)(109)(109)14(141)
Income (loss) from continuing operations:(4,858)(192)(629)(305)889(1,457)(2,689)
Income (loss) from discontinued operations  (8)18(129)(1,199)
Net income (loss):(4,858)(192)(637)(304)897(1,586)(3,889)
Net income (loss) attributable to noncontrolling interest2(6)(3)1(7)(9)(14)
Net income (loss) attributable to parent:(4,856)(198)(640)(304)890(1,595)(3,903)
Preferred stock dividends and other adjustments     (2)(8)
Net income (loss) available to common stockholders, basic:(4,856)(198)(640)(304)890(1,597)(3,911)
Other undisclosed net loss available to common stockholders, diluted   (0)(17)  
Net income (loss) available to common stockholders, diluted:(4,856)(198)(640)(304)874(1,597)(3,911)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(4,858)(192)(637)(304)897(1,586)(3,889)
Other comprehensive income (loss)(94)(12)(11)1071(6)
Comprehensive income (loss):(4,952)(204)(648)(295)904(1,585)(3,895)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest2(6)(3)1(7)(9)(14)
Comprehensive income (loss), net of tax, attributable to parent:(4,950)(210)(651)(294)897(1,594)(3,909)

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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