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 investments1306048852,6021,3011,422216
Cash and cash equivalents1302754451,160121665166
Short-term investments 3294401,4431,18075750
Receivables567345345361582883856
Inventory, net of allowances, customer advances and progress billings347268279225235240256
Inventory347268279225235240256
Prepaid expense     124107
Deferred costs     6247
Derivative instruments and hedges, assets     112
Disposal group, including discontinued operation     152 
Assets held-for-sale9
Other current assets488361381316402629514
Other undisclosed current assets(347)(268)(279)(225)(235)(580)(481)
Total current assets:1,1841,3101,6123,2792,2852,9351,535
Noncurrent Assets
Property, plant and equipment15,25112,61612,87410,91911,08812,53514,311
Long-term investments and receivables591    1952
Long-term investments138      
Accounts and financing receivable, after allowance for credit loss     1952
Due from related parties453      
Intangible assets, net (including goodwill)    43223,352
Goodwill     2763,274
Intangible assets, net (excluding goodwill)    44678
Prepaid expense     4050
Assets held-in-trust     4338
Deferred costs     8259
Other noncurrent assets20598140176264314353
Assets held-for-sale, long lived9
Other undisclosed noncurrent assets    (4)(230)(286)
Total noncurrent assets:16,04712,71413,01411,09511,35213,12517,938
TOTAL ASSETS:17,23114,02414,62614,37513,63716,06019,473
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:7345297595237761,0701,000
Accounts payable326211433146225373341
Accrued liabilities7      
Employee-related liabilities11883112124162214242
Taxes payable65374641719784
Interest and dividends payable9910183728884 
Other undisclosed accounts payable and accrued liabilities1189884140230302333
Debt126  332 35(48)
Deferred revenue and credits   241170
Other liabilities408318326377 697659
Other undisclosed current liabilities(408)(318)(326)(377) (938)(734)
Total current liabilities:8605297598547761,1051,047
Noncurrent Liabilities
Long-term debt and lease obligation6,0425,0104,7514,9435,8955,8864,719
Long-term debt, excluding current maturities6,0425,0104,7514,9435,8955,8864,719
Liabilities, other than long-term debt7983963873234501,2821,125
Deferred revenue and credits  0396218
Accounts payable and accrued liabilities     40 
Deferred tax liabilities, net   4180362
Other liabilities798396387323445667546
Other undisclosed noncurrent liabilities    (0)(435)(218)
Total noncurrent liabilities:6,8415,4065,1375,2656,3446,7325,627
Total liabilities:7,7005,9355,8966,1207,1207,8376,674
Stockholders' equity
Stockholders' equity attributable to parent, including:9,5318,0918,7328,2516,5138,21512,792
Treasury stock, value(75)(72)(69)(66)(64)(59)(45)
Additional paid in capital8,6187,2257,1956,4025,5555,5185,467
Accumulated other comprehensive income19182919131218
Retained earnings8888741,5331,8649852,7207,327
Other undisclosed stockholders' equity attributable to parent83464531242424
Stockholders' equity attributable to noncontrolling interest(1)(3)(2)4487
Total stockholders' equity:9,5318,0898,7308,2556,5178,22312,799
TOTAL LIABILITIES AND EQUITY:17,23114,02414,62614,37513,63716,06019,473

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
Revenues1,9401,7051,8432,7764,0634,5784,920
Revenue, net1,8432,7764,0634,5654,920
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)2091,0301,6211,9591,917
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)134283(21)142
Interest and debt expense(5)(19)(3)288(34)(161)(159)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes5193(288)34161159
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)18(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, basic0      
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)1071(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.

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