Transocean Ltd. (RIG) financial statements (2021 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)

12/31/2020
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 investments1,1541,7902,1602,9693,0522,3392,635
Cash and cash equivalents1,1541,7902,1602,5193,0522,3392,635
Short-term investments   450   
Restricted cash and investments406558551466466340 
Receivables5836546046418981,3432,084
Inventory, net of allowances, customer advances and progress billings(143)(127)(134)(141)(153)(148)(109)
Inventory(143)(127)(134)(141)(153)(148)(109)
Prepaid expense434479474418561635818
Disposal group, including discontinued operation  2522682
Assets held-for-sale25
Other current assets16315915911212184242
Other undisclosed current assets143127109119147184304
Total current assets:2,7403,6403,9484,6065,0984,7856,001
Noncurrent Assets
Property, plant and equipment17,66718,84720,40817,40221,09320,81821,538
Intangible assets, net (including goodwill)393608795    
Intangible assets, net (excluding goodwill)393608795    
Restricted cash and investments      264
Deferred income tax assets920
Other noncurrent assets995990448355400410874
Deferred tax assets, net6647298316 
Other undisclosed noncurrent assets      (264)
Total noncurrent assets:19,06420,46521,71717,80421,79121,54422,412
TOTAL ASSETS:21,80424,10525,66522,41026,88926,32928,413
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2223753392803015301,380
Accounts payable194311269201206448784
Employee-related liabilities      387
Taxes payable286470799582209
Debt5055683732507241,0931,033
Deferred revenue and credits   219
Other liabilities6597817468399601,0461,822
Other undisclosed current liabilities      (684)
Total current liabilities:1,3861,7241,4581,3691,9852,6693,770
Noncurrent Liabilities
Long-term debt and lease obligation, including:7,3028,6939,6057,1467,7407,3979,653
Long-term debt, excluding current maturities    7,7407,3979,059
Finance lease, liability407444
Capital lease obligations479511  594
Operating lease, liability 116
Other undisclosed long-term debt and lease obligation6,8958,1339,1266,635   
Liabilities, other than long-term debt1,6811,8211,4881,1261,3311,4472,689
Deferred revenue and credits   201
Pension and other postretirement defined benefit plans, liabilities514
Accrued income taxes383
Deferred tax liabilities, net6444178339237
Deferred income tax liabilities315266
Other liabilities1,3661,5551,4241,0821,1531,1081,354
Other undisclosed noncurrent liabilities      (1,692)
Total noncurrent liabilities:8,98310,51411,0938,2729,0718,84410,650
Total liabilities:10,36912,23812,5519,64111,05611,51314,420
Temporary equity, carrying amount   5828811
Stockholders' equity
Stockholders' equity attributable to parent11,43211,86213,10712,70715,80214,49813,671
Common stock60595937365,1935,169
Treasury stock, value     (240)(240)
Additional paid in capital13,50113,42413,39411,03110,9935,7395,797
Accumulated other comprehensive loss(263)(324)(279)(290)(283)(334)(404)
Retained earnings (accumulated deficit)(1,866)(1,297)(67)1,9295,0564,1403,349
Stockholders' equity attributable to noncontrolling interest35743310311
Total stockholders' equity:11,43511,86713,11412,71115,80514,80813,982
TOTAL LIABILITIES AND EQUITY:21,80424,10525,66522,41026,88926,32928,413

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
Revenues3,1523,0883,0182,9734,1617,3869,174
Revenue, net2,9734,1617,3869,174
Cost of revenue(2,781)(2,386)(1,799)(2,220)(2,768)(3,918)(6,249)
Cost of goods and services sold(2,000)(2,140)(1,799)(2,220)(2,768)(3,918)(6,249)
Gross profit:3717021,2197531,3933,4682,925
Operating expenses(183)(802)(1,652)(3,257)(261)(2,088)(4,303)
Other undisclosed operating loss(681)(621)(818)    
Operating income (loss):(493)(721)(1,251)(2,504)1,1321,380(1,378)
Nonoperating expense(48)(477)(524)(499)(198)(350)(422)
Investment income, nonoperating21435343202237
Other nonoperating income (expense)(27)181464436022
Interest and debt expense533(41)(3)(55)148(432)(483)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes    (148)432483
Income (loss) from continuing operations before equity method investments, income taxes:(8)(1,239)(1,778)(3,058)9341,030(1,800)
Other undisclosed income (loss) from continuing operations before income taxes(533)41355   
Income (loss) from continuing operations before income taxes:(541)(1,198)(1,775)(3,003)9341,030(1,800)
Income tax expense(27)(59)(228)(94)(107)(206)(146)
Income (loss) from continuing operations:(568)(1,257)(2,003)(3,097)827824(1,946)
Income from discontinued operations     2 
Income (loss) before gain (loss) on sale of properties:(568)(1,257)(2,003)(3,097)827826(1,946)
Other undisclosed net loss      (20)
Net income (loss):(568)(1,257)(2,003)(3,097)827826(1,966)
Net income (loss) attributable to noncontrolling interest127(30)(49)(35)53
Net income (loss) attributable to parent:(567)(1,255)(1,996)(3,127)778791(1,913)
Other undisclosed net income (loss) available to common stockholders, basic    (14)(9)20
Net income (loss) available to common stockholders, diluted:(567)(1,255)(1,996)(3,127)764782(1,893)

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):(568)(1,257)(2,003)(3,097)827826(1,966)
Other comprehensive income (loss)61(21)11(7)(6)70(142)
Comprehensive income (loss):(507)(1,278)(1,992)(3,104)821896(2,108)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest127(30)(49)(35)(53)
Other undisclosed comprehensive income, net of tax, attributable to parent      106
Comprehensive income (loss), net of tax, attributable to parent:(506)(1,276)(1,985)(3,134)772861(2,055)

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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