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 investments | 232 | 225 | 195 | 232 | 203 | ||
| Cash and cash equivalents | 232 | 225 | 195 | 232 | 203 | ||
| Restricted cash and investments | 3 | 10 | |||||
| Receivables | 48 | 30 | 46 | 21 | 71 | ||
| Inventory, net of allowances, customer advances and progress billings | 48 | 45 | 44 | 45 | 64 | ||
| Inventory | 48 | 45 | 44 | 45 | 64 | ||
| Prepaid expense | 6 | 4 | 4 | 4 | 8 | ||
| Contract with customer, asset | 0 | 1 | ✕ | ✕ | ✕ | ||
| Disposal group, including discontinued operation | 2 | ||||||
| Deferred tax assets | ✕ | 0 | |||||
| Other undisclosed current assets | 8 | 11 | 7 | 8 | 14 | ||
| Total current assets: | 346 | 326 | 298 | 310 | 361 | ||
| Noncurrent Assets | |||||||
| Operating lease, right-of-use asset | 7 | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 721 | 787 | 763 | 835 | 2,948 | ||
| Other noncurrent assets | 17 | 16 | 22 | 16 | 23 | ||
| Total noncurrent assets: | 745 | 803 | 785 | 850 | 2,971 | ||
| TOTAL ASSETS: | 1,091 | 1,130 | 1,083 | 1,160 | 3,332 | ||
| LIABILITIES AND EQUITY | |||||||
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts payable and accrued liabilities | 50 | 62 | 65 | 54 | 71 | ||
| Accounts payable | 50 | 44 | 40 | 35 | 49 | ||
| Accrued liabilities | 18 | 25 | 18 | 22 | |||
| Debt | 4 | 1 | |||||
| Other liabilities | 27 | ||||||
| Other undisclosed current liabilities | 61 | ||||||
| Total current liabilities: | 77 | 62 | 69 | 55 | 133 | ||
| Noncurrent Liabilities | |||||||
| Long-term debt and lease obligation | 344 | 1,109 | 920 | 867 | |||
| Long-term debt, excluding current maturities | 344 | 1,109 | 920 | 867 | |||
| Liabilities, other than long-term debt, including: | 18 | 23 | 17 | 11 | 33 | ||
| Deferred revenue and credits | ✕ | ✕ | 7 | ||||
| Deferred revenue | 2 | ✕ | ✕ | ✕ | ✕ | ||
| Contract with customer, liability | ✕ | 4 | ✕ | ✕ | ✕ | ||
| Deferred compensation liability, classified | 12 | 4 | |||||
| Deferred tax liabilities, net | ✕ | 1 | 0 | ||||
| Other liabilities | 6 | 6 | 6 | 33 | |||
| Other undisclosed liabilities, other than long-term debt | 10 | 11 | |||||
| Other undisclosed noncurrent liabilities | 2,694 | ||||||
| Total noncurrent liabilities: | 361 | 1,132 | 937 | 879 | 2,728 | ||
| Total liabilities: | 438 | 1,194 | 1,006 | 934 | 2,860 | ||
| Stockholders' equity | |||||||
| Stockholders' equity attributable to parent | 652 | (65) | 77 | 227 | 457 | ||
| Common stock | 0 | 0 | 0 | 0 | |||
| Additional paid in capital | 635 | 374 | 374 | 374 | 595 | ||
| Retained earnings (accumulated deficit) | 17 | (439) | (297) | (147) | (138) | ||
| Stockholders' equity attributable to noncontrolling interest | 1 | 15 | |||||
| Total stockholders' equity: | 653 | (65) | 77 | 227 | 472 | ||
| TOTAL LIABILITIES AND EQUITY: | 1,091 | 1,130 | 1,083 | 1,160 | 3,332 | ||
Income statement (P&L) ($ in millions)
| 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|
| Revenues | 761 | 226 | 213 | 159 | 772 | |
| Revenue, net | ✕ | ✕ | 213 | 159 | 772 | |
| Cost of revenue | (229) | (236) | (162) | (123) | (360) | |
| Cost of goods and services sold | (157) | |||||
| Gross profit: | 532 | (11) | 51 | 36 | 413 | |
| 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, nonoperating | 116 | 2 | 3 | 0 | 0 | |
| 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 taxes | 47 | 1 | 76 | 67 | (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.