Vantage Drilling Co (VTG) financial statements (2020 and earlier)

Company profile

Business Address C/O M&C CORPORATE SVC LTD., PO BOX 309GT
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)

12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8355503
Cash and cash equivalents8355503
Receivables155169119
Inventory, net of allowances, customer advances and progress billings665638
Inventory665638
Prepaid expense1716
Deferred costs 14
Prepaid expense and other current assets25
Deferred tax assets222
Other current assets248250
Other undisclosed current assets(240)(243)(3)
Total current assets:331305689
Noncurrent Assets
Property, plant and equipment3,1183,1912,718
Long-term investments and receivables13231
Long-term investments13231
Deposits noncurrent assets111
Restricted cash and investments  21
Deferred costs6467 
Other noncurrent assets80100
Prepaid expense and other noncurrent assets93
Deferred tax assets, net0  
Other undisclosed noncurrent assets(3,183)(3,259)(23)
Total noncurrent assets:811332,841
Other undisclosed assets3,1183,191 
TOTAL ASSETS:3,5303,6283,530
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:161164206
Accounts payable596751
Accrued liabilities10297123
Employee-related liabilities212118
Taxes payable1894
Interest and dividends payable45  
Other undisclosed accounts payable and accrued liabilities(85)(30)10
Debt956431
Deferred revenue and credits 108
Other undisclosed current liabilities (10)(39)
Total current liabilities:256228206
Noncurrent Liabilities
Long-term debt and lease obligation2,6332,8522,711
Long-term debt, excluding current maturities2,6332,8522,711
Liabilities, other than long-term debt, including:854348
Deferred revenue and credits72  
Deferred tax liabilities, net332
Other liabilities11646
Other undisclosed liabilities, other than long-term debt 34 
Total noncurrent liabilities:2,7182,8952,758
Total liabilities:2,9743,1232,964
Stockholders' equity
Stockholders' equity attributable to parent556505568
Common stock000
Additional paid in capital905897878
Accumulated deficit(350)(392)(310)
Total stockholders' equity:556505568
Other undisclosed liabilities and equity  (2)
TOTAL LIABILITIES AND EQUITY:3,5303,6283,530

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

12/31/2014
12/31/2013
12/31/2012
Gross profit:876732471
Operating expenses(582)(475)(325)
Operating income:293257147
Nonoperating expense(211)(311)(273)
Interest and debt expense(208)(312)(274)
Other undisclosed income from continuing operations before equity method investments, income taxes 312274
Loss from continuing operations before equity method investments, income taxes:(126)(54)(126)
Loss from equity method investments(1)(1)(0)
Other undisclosed income from continuing operations before income taxes209  
Income (loss) from continuing operations before income taxes:82(54)(126)
Income tax expense(40)(28)(19)
Net income (loss):42(82)(145)
Other undisclosed net income attributable to parent 10
Net income (loss) available to common stockholders, diluted:42(82)(145)

Comprehensive Income ($ in millions)

12/31/2014
12/31/2013
12/31/2012
Net income (loss):42(82)(145)
Comprehensive income (loss), net of tax, attributable to parent:42(82)(145)

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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