Rowan Companies plc (RDC) financial statements (2021 and earlier)

Company profile

Business Address CANNON PLACE, 78 CANNON STREET
LONDON, EC4N 6AF
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)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,0271,3321,2564843391,0931,024
Cash and cash equivalents1,0271,3321,2564843391,0931,024
Receivables251213301411545668512
Prepaid expense and other current assets55
Income taxes receivable7 
Deferred tax assets    272227
Other current assets221624275768
Other undisclosed current assets    (27)(329)(66)
Total current assets:1,3001,5601,5809219411,5291,553
Noncurrent Assets
Property, plant and equipment6,2016,5537,0607,4067,4326,3866,072
Long-term investments and receivables497301     
Long-term investments4131     
Due from related parties456270     
Other noncurrent assets1194435203861
Prepaid expense and other noncurrent assets75
Deferred tax assets, net    (211)(430)(474)
Other undisclosed noncurrent assets    211430474
Total noncurrent assets:6,8176,8987,0957,4267,4706,4476,147
TOTAL ASSETS:8,1188,4588,6768,3478,4117,9767,699
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities236256253296491175180
Accounts payable1229794110103  
Accrued liabilities113159159186194156137
Employee-related liabilities    114  
Taxes payable    321943
Interest and dividends payable    47  
Debt201 127    
Disposal group, including discontinued operation     2021
Deferred revenue and credits110433365552
Deferred tax liabilities    566
Contract with customer, liability17
Other undisclosed current liabilities    (199)9934
Total current liabilities:454257484329333355294
Noncurrent Liabilities
Long-term debt and lease obligation2,3102,5102,5532,6922,8072,0092,010
Long-term debt, excluding current maturities2,3102,5102,5532,6922,8072,0092,010
Liabilities, other than long-term debt3193055255541,0521,0521,366
Pension and other postretirement defined benefit plans, liabilities155292
Deferred tax liabilities, net1211186196421560635
Liability for uncertainty in income taxes     4949
Liability, pension and other postretirement and postemployment benefits    263
Other liabilities308294339358368289390
Other undisclosed noncurrent liabilities    (473)(334)(502)
Total noncurrent liabilities:2,6292,8153,0783,2463,3872,7272,874
Total liabilities:3,0833,0723,5623,5753,7203,0823,168
Stockholders' equity
Stockholders' equity attributable to parent5,0355,3865,1144,7724,6914,8944,532
Common stock16161616161616
Treasury stock, value(8)(9)(7)(12)(8)(6)(2)
Additional paid in capital1,5021,4891,4721,4591,4371,4071,372
Accumulated other comprehensive loss(285)(219)(197)(199)(220)(142)(221)
Retained earnings3,8114,1103,8303,5103,4673,6203,367
Total stockholders' equity:5,0355,3865,1144,7724,6914,8944,532
TOTAL LIABILITIES AND EQUITY:8,1188,4588,6768,3478,4117,9767,699

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

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues8251,2831,8432,1371,8241,5791,393
Cost of revenue(1,072)(1,089)(1,181)(1,385)(740)(1,127)(993)
Cost of goods and services sold(389)(404)(403)(391)(484)(423)(380)
Gross profit:(247)1946627531,084452400
Operating expenses(51)43(144)(445)(1,251)(120)(145)
Other operating expense, net(12)(9)(42)(330)   
Other undisclosed operating income221042330   
Operating income (loss):(288)238518307(167)332255
Nonoperating expense(111)(139)(193)(149)(103)(70)(72)
Investment income, nonoperating331541221
Interest and debt expense(156)2(31)(1)(104)(70)(73)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes156(2)3111047073
Income (loss) from continuing operations before income taxes:(399)99326158(270)261183
Income tax expense (benefit)52(27)(5)(64)151(9)20
Income (loss) from continuing operations:(347)7332193(119)253203
Income from discontinued operations    4 11
Income (loss) before gain (loss) on sale of properties:(347)7332193(115)253215
Other undisclosed net loss      (34)
Net income (loss) attributable to parent:(347)7332193(115)253181
Preferred stock dividends and other adjustments 02    
Net income (loss) available to common stockholders, diluted:(347)7332293(115)253181

Comprehensive Income ($ in millions)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income (loss):(347)7332193(115)253181
Other comprehensive income (loss)6 (1)(11)42  
Other undisclosed comprehensive income (loss)(30)(22)332(119)795
Comprehensive income (loss), net of tax, attributable to parent:(371)51323114(192)331185

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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