Ocean Rig UDW Inc. Cashflow Statement

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Financial Statements

Income Statement Balance Sheet Cashflow Statement

Consolidated Statements of Cash Flows

In millions of USD, except per-share amounts

	FY2017 12 months to Dec 31, 2017	FY2016 12 months to Dec 31, 2016	FY2015 12 months to Dec 31, 2015	FY2014 12 months to Dec 31, 2014	FY2013 12 months to Dec 31, 2013
Cash Flows from Operating Activities:
Net income/ (loss)
Adjustments to reconcile net income/ (loss) to net cash provided by operating activities:
Depreciation and amortization
Amortization and write-off of financing fees
Net amortization of fair value of acquired drilling contracts
Amortization income of deferred financing fees
Amortization of cash flow hedge reserve
Interest income on restricted cash related to drillships
Change in fair value of derivatives
Loss on sale of fixed assets
Allowance for doubtful receivables
Gain from repurchase of senior notes
Effect of exchange rate changes on cash
Impairment loss
Reorganization gain - principal debt discharged
Loss from issuance of shares upon restructuring
Amortization of stock based compensation
Other non cash items

Changes in operating assets and liabilities:
Trade accounts receivable
Other current and non-current assets
Deferred taxes
Due to/ (from) related parties
Accounts payable and other current and non-current liabilities
Accrued liabilities
Deferred revenue
Security deposits for derivatives

Net Cash Provided by Operating Activities
Cash Flows from Investing Activities:
Loan to former parent
Proceeds from arrangement fees
Advances for drilling units under construction and related costs
Drilling units, machinery, equipment and other improvements/ upgrades
Proceeds from sale of fixed assets
Proceeds/ (loss) from sale of fixed assets
(Increase)/ decrease in restricted cash
Net Cash Used in Investing Activities
Cash Flows from Financing Activities:
Proceeds from intercompany loan
Repayment of intercompany loan
Proceeds from senior secured credit facility
Principal payments and repayments of long-term debt and senior notes
Senior Notes repurchase
Net proceeds from common stock issuance
Repurchase of common stock
Dividends paid
Payments for issuance of subsidiaries shares
Payment of financing costs, net

Net Cash Provided by/(Used in) Financing Activities
Effect of exchange rate changes on cash
Net increase/(decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid during the years for:
Interest, net of amount capitalized
Income taxes
Reorganization expenses paid
Non cash financing and investing activities:
Issuance of non-vested shares
Issuance of common stock under the restructuring
Proceeds from long-term debt

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