Vantage Drilling International (VTGGF) financial statements (2021 and earlier)

Company profile

Business Address P.O. BOX 309
GRAND CAYMAN, KY1-1104
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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments232225195232203
Cash and cash equivalents232225195232203
Restricted cash and investments310   
Receivables4830462171
Inventory, net of allowances, customer advances and progress billings4845444564
Inventory4845444564
Prepaid expense64448
Contract with customer, asset01
Disposal group, including discontinued operation  2  
Deferred tax assets   0
Other undisclosed current assets8117814
Total current assets:346326298310361
Noncurrent Assets
Operating lease, right-of-use asset7
Property, plant and equipment7217877638352,948
Other noncurrent assets1716221623
Total noncurrent assets:7458037858502,971
TOTAL ASSETS:1,0911,1301,0831,1603,332
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities5062655471
Accounts payable5044403549
Accrued liabilities 18251822
Debt  41 
Other liabilities27    
Other undisclosed current liabilities    61
Total current liabilities:77626955133
Noncurrent Liabilities
Long-term debt and lease obligation3441,109920867 
Long-term debt, excluding current maturities3441,109920867 
Liabilities, other than long-term debt, including:1823171133
Deferred revenue and credits7  
Deferred revenue2
Contract with customer, liability4
Deferred compensation liability, classified 124  
Deferred tax liabilities, net10  
Other liabilities666 33
Other undisclosed liabilities, other than long-term debt10  11 
Other undisclosed noncurrent liabilities    2,694
Total noncurrent liabilities:3611,1329378792,728
Total liabilities:4381,1941,0069342,860
Stockholders' equity
Stockholders' equity attributable to parent652(65)77227457
Common stock0000 
Additional paid in capital635374374374595
Retained earnings (accumulated deficit)17(439)(297)(147)(138)
Stockholders' equity attributable to noncontrolling interest1   15
Total stockholders' equity:653(65)77227472
TOTAL LIABILITIES AND EQUITY:1,0911,1301,0831,1603,332

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues761226213159772
Revenue, net213159772
Cost of revenue(229)(236)(162)(123)(360)
Cost of goods and services sold(157)    
Gross profit:532(11)5136413
Operating expenses(130)(35)(42)(37)(25)
Other undisclosed operating loss  (74)(68)(127)
Operating income (loss):402(45)(64)(69)260
Nonoperating income (expense)70(80)(71)(67)(198)
Investment income, nonoperating1162300
Interest and debt expense(47)(1)(76)(67)11
Income (loss) from continuing operations before equity method investments, income taxes:425(126)(212)(203)73
Other undisclosed income (loss) from continuing operations before income taxes4717667(11)
Income (loss) from continuing operations before income taxes:472(125)(136)(136)62
Income tax expense(15)(17)(14)(11)(40)
Net income (loss):456(141)(150)(147)22
Net loss attributable to noncontrolling interest(1)   (5)
Net income (loss) available to common stockholders, diluted:456(141)(150)(147)17

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):456(141)(150)(147)22
Comprehensive income (loss):456(141)(150)(147)22
Comprehensive loss, net of tax, attributable to noncontrolling interest(1)   (5)
Comprehensive income (loss), net of tax, attributable to parent:456(141)(150)(147)17

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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