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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments142232225195232203
Cash and cash equivalents142232225195232203
Restricted cash and investments8310   
Receivables264830462171
Inventory, net of allowances, customer advances and progress billings 4845444564
Inventory 4845444564
Prepaid expense564448
Contract with customer, asset301
Disposal group, including discontinued operation   2  
Assets held-for-sale, not part of disposal group10     
Deferred tax assets   0
Other undisclosed current assets578117814
Total current assets:252346326298310361
Noncurrent Assets
Operating lease, right-of-use asset47
Property, plant and equipment5167217877638352,948
Other noncurrent assets121716221623
Total noncurrent assets:5337458037858502,971
TOTAL ASSETS:7841,0911,1301,0831,1603,332
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities245062655471
Accounts payable245044403549
Accrued liabilities  18251822
Debt   41 
Other liabilities2527    
Other undisclosed current liabilities     61
Total current liabilities:4877626955133
Noncurrent Liabilities
Long-term debt and lease obligation3483441,109920867 
Long-term debt, excluding current maturities3453441,109920867 
Operating lease, liability2 
Liabilities, other than long-term debt, including:151823171133
Deferred revenue and credits7  
Deferred revenue 2
Contract with customer, liability4
Deferred compensation liability, classified  124  
Deferred tax liabilities, net10  
Deferred income tax liabilities1 
Other liabilities4666 33
Other undisclosed liabilities, other than long-term debt1010  11 
Other undisclosed noncurrent liabilities(2)    2,694
Total noncurrent liabilities:3603611,1329378792,728
Total liabilities:4094381,1941,0069342,860
Stockholders' equity
Stockholders' equity attributable to parent375652(65)77227457
Common stock00000 
Additional paid in capital634635374374374595
Retained earnings (accumulated deficit)(260)17(439)(297)(147)(138)
Stockholders' equity attributable to noncontrolling interest11   15
Total stockholders' equity:376653(65)77227472
TOTAL LIABILITIES AND EQUITY:7841,0911,1301,0831,1603,332

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues127761226213159772
Revenue, net213159772
Cost of revenue(218)(229)(236)(162)(123)(360)
Cost of goods and services sold(149)(157)    
Gross profit:(91)532(11)5136413
Operating expenses(150)(130)(35)(42)(37)(25)
Other undisclosed operating loss   (74)(68)(127)
Operating income (loss):(241)402(45)(64)(69)260
Nonoperating income (expense)(31)70(80)(71)(67)(198)
Investment income, nonoperating11162300
Interest and debt expense(34)(47)(1)(76)(67)11
Income (loss) from continuing operations before equity method investments, income taxes:(306)425(126)(212)(203)73
Other undisclosed income (loss) from continuing operations before income taxes344717667(11)
Income (loss) from continuing operations before income taxes:(272)472(125)(136)(136)62
Income tax expense(5)(15)(17)(14)(11)(40)
Net income (loss):(277)456(141)(150)(147)22
Net income (loss) attributable to noncontrolling interest0(1)   (5)
Net income (loss) available to common stockholders, diluted:(277)456(141)(150)(147)17

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(277)456(141)(150)(147)22
Comprehensive income (loss):(277)456(141)(150)(147)22
Comprehensive income (loss), net of tax, attributable to noncontrolling interest0(1)   (5)
Comprehensive income (loss), net of tax, attributable to parent:(277)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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