Transocean Ltd. (RIG) financial statements (2020 and earlier)

Company profile

Business Address TURMSTRASSE 30
STEINHAUSEN, 6312
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)

12/31/2019
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 investments1,7902,1602,9693,0522,3392,6353,243
Cash and cash equivalents1,7902,1602,5193,0522,3392,6353,243
Short-term investments  450    
Restricted cash and investments558551466466340  
Receivables6546046418981,3432,0842,112
Inventory, net of allowances, customer advances and progress billings(127)(134)(141)(153)(148)(109)(80)
Inventory(127)(134)(141)(153)(148)(109)(80)
Prepaid expense479474418561635818743
Disposal group, including discontinued operation 2522682 
Assets held-for-sale25148
Other current assets15915911212184242325
Other undisclosed current assets127109119147184304281
Total current assets:3,6403,9484,6065,0984,7856,0016,772
Noncurrent Assets
Property, plant and equipment18,84720,40817,40221,09320,81821,53821,707
Intangible assets, net (including goodwill)608795    2,987
Goodwill      2,987
Intangible assets, net (excluding goodwill)608795     
Restricted cash and investments     264465
Deferred income tax assets20
Other noncurrent assets9904483554004108741,080
Defined benefit plan, assets for plan benefits   8
Deferred tax assets, net6647298316  
Other undisclosed noncurrent assets     (264)(473)
Total noncurrent assets:20,46521,71717,80421,79121,54422,41225,774
TOTAL ASSETS:24,10525,66522,41026,88926,32928,41332,546
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3753392803015301,3801,735
Accounts payable3112692012064487841,106
Employee-related liabilities     387431
Taxes payable6470799582209198
Debt5683732507241,0931,033343
Deferred revenue and credits   219195
Other liabilities7817468399601,0461,8222,072
Other undisclosed current liabilities     (684)(791)
Total current liabilities:1,7241,4581,3691,9852,6693,7703,554
Noncurrent Liabilities
Long-term debt and lease obligation, including:8,6939,6057,1467,7407,3979,65310,996
Long-term debt, excluding current maturities   7,7407,3979,05910,379
Finance lease, liability444
Capital lease obligations479511  594617
Operating lease, liability116
Other undisclosed long-term debt and lease obligation8,1339,1266,635    
Liabilities, other than long-term debt1,8211,4881,1261,3311,4472,6892,150
Deferred revenue and credits   201108
Pension and other postretirement defined benefit plans, liabilities514(388)
Accrued income taxes383502
Deferred tax liabilities, net6444178339237374
Deferred income tax liabilities266
Other liabilities1,5551,4241,0821,1531,1081,3541,554
Other undisclosed noncurrent liabilities     (1,692)(839)
Total noncurrent liabilities:10,51411,0938,2729,0718,84410,65012,307
Total liabilities:12,23812,5519,64111,05611,51314,42015,861
Temporary equity, carrying amount  5828811 
Stockholders' equity
Stockholders' equity attributable to parent11,86213,10712,70715,80214,49813,67116,691
Common stock595937365,1935,1695,147
Treasury stock, value    (240)(240)(240)
Additional paid in capital13,42413,39411,03110,9935,7395,7976,784
Accumulated other comprehensive loss(324)(279)(290)(283)(334)(404)(262)
Retained earnings (accumulated deficit)(1,297)(67)1,9295,0564,1403,3495,262
Stockholders' equity attributable to noncontrolling interest5743310311(6)
Total stockholders' equity:11,86713,11412,71115,80514,80813,98216,685
TOTAL LIABILITIES AND EQUITY:24,10525,66522,41026,88926,32928,41332,546

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues3,0883,0182,9734,1617,3869,1749,484
Revenue, net2,9734,1617,3869,1749,484
Cost of revenue(2,386)(1,799)(2,220)(2,768)(3,918)(6,249)(6,900)
Cost of goods and services sold(2,140)(1,799)(2,220)(2,768)(3,918)(6,249)(6,900)
Gross profit:7021,2197531,3933,4682,9252,584
Operating expenses(802)(1,652)(3,257)(261)(2,088)(4,303)(360)
Other undisclosed operating loss(621)(818)     
Operating income (loss):(721)(1,251)(2,504)1,1321,380(1,378)2,224
Nonoperating expense(477)(524)(499)(198)(350)(422)(560)
Other nonoperating income (expense)181464436022(28)
Interest and debt expense(41)(3)(55)148(432)(483)(584)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes   (148)432483584
Income (loss) from continuing operations before equity method investments, income taxes:(1,239)(1,778)(3,058)9341,030(1,800)1,664
Other undisclosed income from continuing operations before income taxes41355    
Income (loss) from continuing operations before income taxes:(1,198)(1,775)(3,003)9341,030(1,800)1,664
Income tax expense(59)(228)(94)(107)(206)(146)(258)
Income (loss) from continuing operations:(1,257)(2,003)(3,097)827824(1,946)1,406
Income from discontinued operations    2  
Income (loss) before gain (loss) on sale of properties:(1,257)(2,003)(3,097)827826(1,946)1,406
Other undisclosed net income (loss)     (20)1
Net income (loss):(1,257)(2,003)(3,097)827826(1,966)1,407
Net income (loss) attributable to noncontrolling interest27(30)(49)(35)53 
Net income (loss) attributable to parent:(1,255)(1,996)(3,127)778791(1,913)1,407
Preferred stock dividends and other adjustments      (12)
Other undisclosed net income (loss) available to common stockholders, basic   (14)(9)20(1)
Net income (loss) available to common stockholders, diluted:(1,255)(1,996)(3,127)764782(1,893)1,394

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(1,257)(2,003)(3,097)827826(1,966)1,407
Other comprehensive income (loss)(21)11(7)(6)70(142)262
Comprehensive income (loss):(1,278)(1,992)(3,104)821896(2,108)1,669
Comprehensive income (loss), net of tax, attributable to noncontrolling interest27(30)(49)(35)(53)3
Other undisclosed comprehensive income (loss), net of tax, attributable to parent     106(6)
Comprehensive income (loss), net of tax, attributable to parent:(1,276)(1,985)(3,134)772861(2,055)1,666

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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