Transocean Ltd (Switzerland) (RIG) financial statements (2023 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments9761,1541,7902,1602,9693,0522,339
Cash and cash equivalents9761,1541,7902,1602,5193,0522,339
Short-term investments    450  
Restricted cash and investments436406558551466466340
Receivables4925836546046418981,343
Inventory, net of allowances, customer advances and progress billings(183)(143)(127)(134)(141)(153)(148)
Inventory(183)(143)(127)(134)(141)(153)(148)
Prepaid expense392434479474418561635
Disposal group, including discontinued operation   252268
Other current assets14816315915911212184
Other undisclosed current assets183143127109119147184
Total current assets:2,4442,7403,6403,9484,6065,0984,785
Noncurrent Assets
Property, plant and equipment17,09817,66718,84720,40817,40221,09320,818
Intangible assets, net (including goodwill)173393608795   
Intangible assets, net (excluding goodwill)173393608795   
Deferred income tax assets7920
Other noncurrent assets959995990448355400410
Deferred tax assets, net6647298316
Total noncurrent assets:18,23719,06420,46521,71717,80421,79121,544
TOTAL ASSETS:20,68121,80424,10525,66522,41026,88926,329
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities245222375339280301530
Accounts payable228194311269201206448
Taxes payable17286470799582
Debt5135055683732507241,093
Other liabilities5456597817468399601,046
Total current liabilities:1,3031,3861,7241,4581,3691,9852,669
Noncurrent Liabilities
Long-term debt and lease obligation, including:6,6577,3028,6939,6057,1467,7407,397
Long-term debt, excluding current maturities     7,7407,397
Finance lease, liability366407444
Capital lease obligations479511  
Operating lease, liability  116
Other undisclosed long-term debt and lease obligation6,2916,8958,1339,1266,635  
Liabilities, other than long-term debt1,5151,6811,8211,4881,1261,3311,447
Deferred tax liabilities, net6444178339
Deferred income tax liabilities447315266
Other liabilities1,0681,3661,5551,4241,0821,1531,108
Total noncurrent liabilities:8,1728,98310,51411,0938,2729,0718,844
Total liabilities:9,47510,36912,23812,5519,64111,05611,513
Temporary equity, carrying amount    58288
Stockholders' equity
Stockholders' equity attributable to parent11,20511,43211,86213,10712,70715,80214,498
Common stock6460595937365,193
Treasury stock, value      (240)
Additional paid in capital13,68313,50113,42413,39411,03110,9935,739
Accumulated other comprehensive loss(84)(263)(324)(279)(290)(283)(334)
Retained earnings (accumulated deficit)(2,458)(1,866)(1,297)(67)1,9295,0564,140
Stockholders' equity attributable to noncontrolling interest135743310
Total stockholders' equity:11,20611,43511,86713,11412,71115,80514,808
TOTAL LIABILITIES AND EQUITY:20,68121,80424,10525,66522,41026,88926,329

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues2,5563,1523,0883,0182,9734,1617,386
Revenue, net2,9734,1617,386
Cost of revenue(2,377)(2,781)(2,386)(1,799)(2,220)(2,768)(3,918)
Cost of goods and services sold(1,697)(2,000)(2,140)(1,799)(2,220)(2,768)(3,918)
Gross profit:1793717021,2197531,3933,468
Operating expenses(229)(183)(802)(1,652)(3,257)(261)(2,088)
Other undisclosed operating loss(62)(681)(621)(818)   
Operating income (loss):(112)(493)(721)(1,251)(2,504)1,1321,380
Nonoperating expense(358)(48)(477)(524)(499)(198)(350)
Investment income, nonoperating15214353432022
Other nonoperating income (expense)23(27)1814644360
Interest and debt expense51533(41)(3)(55)148(432)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes     (148)432
Income (loss) from continuing operations before equity method investments, income taxes:(419)(8)(1,239)(1,778)(3,058)9341,030
Other undisclosed income (loss) from continuing operations before income taxes(51)(533)41355  
Income (loss) from continuing operations before income taxes:(470)(541)(1,198)(1,775)(3,003)9341,030
Income tax expense(121)(27)(59)(228)(94)(107)(206)
Income (loss) from continuing operations:(591)(568)(1,257)(2,003)(3,097)827824
Income from discontinued operations      2
Net income (loss):(591)(568)(1,257)(2,003)(3,097)827826
Net income (loss) attributable to noncontrolling interest(1)127(30)(49)(35)
Net income (loss) attributable to parent:(592)(567)(1,255)(1,996)(3,127)778791
Other undisclosed net loss available to common stockholders, basic     (14)(9)
Net income (loss) available to common stockholders, diluted:(592)(567)(1,255)(1,996)(3,127)764782

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(591)(568)(1,257)(2,003)(3,097)827826
Other comprehensive income (loss)17961(21)11(7)(6)70
Comprehensive income (loss):(412)(507)(1,278)(1,992)(3,104)821896
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(1)127(30)(49)(35)
Comprehensive income (loss), net of tax, attributable to parent:(413)(506)(1,276)(1,985)(3,134)772861

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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