Financial Snapshot

Revenue
$918.0M
TTM
Gross Margin
Net Earnings
$74.80M
TTM
Current Assets
$546.2M
Q2 2024
Current Liabilities
$349.0M
Q2 2024
Current Ratio
156.5%
Q2 2024
Total Assets
$3.182B
Q2 2024
Total Liabilities
$2.182B
Q2 2024
Book Value
$999.2M
Q2 2024
Cash
$193.5M
Q2 2024
P/E
206.3
Nov 29, 2024 EST
Free Cash Flow
-$103.5M
TTM

Revenues

Revenues

Loading...

Revenue YoY Change

Loading...

Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016
Revenue $771.6M $443.8M $245.3M $307.5M $334.1M $164.9M $100.0K $0.00
YoY Change 73.86% 80.92% -20.23% -7.96% 102.61% 164800.0%

Expenses

Cost Of Revenues

Loading...

Gross Profit

Loading...

Gross Profit Margin

Loading...

Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016
Revenue $771.6M $443.8M $245.3M $307.5M $334.1M $164.9M $100.0K $0.00
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

Loading...

Research & Development

Loading...

Depreciation, Depletion & Amortization

Loading...

SGA Expense to Gross Profit Ratio

Loading...

R&D To Gross Profit Ratio

Loading...

DDA To Gross Profit Ratio

Loading...

Operating Expenses Total

Loading...

Operating Profits/Loss

Loading...

Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2016
Selling, General & Admin $404.4M $301.7M $215.2M $319.5M $358.3M $218.8M $57.20M $753.0K
YoY Change 34.04% 40.2% -32.64% -10.83% 63.76% 282.52% 7496.28%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $117.4M $116.5M $119.6M $117.9M $101.4M $79.50M $21.20M
YoY Change 0.77% -2.59% 1.44% 16.27% 27.55% 275.0%
% of Gross Profit
Operating Expenses $521.8M $549.9M $334.8M $437.4M $479.9M $322.5M $83.10M $753.0K
YoY Change -5.11% 64.25% -23.46% -8.86% 48.81% 288.09% 10935.86%
Operating Profit $250.4M -$101.9M -$88.30M -$188.0M
YoY Change -345.73% 15.4% -53.03%

Interest Expenses

Loading...

Interest Expenses To Operating Income %

Loading...

Other Expense/Income

Loading...

Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016
Interest Expense -$167.4M $131.3M -$79.60M -$103.6M -$122.3M -$53.50M $21.70M $0.00
YoY Change -227.49% -264.95% -23.17% -15.29% 128.6% -346.54%
% of Operating Profit -66.85%
Other Income/Expense, Net -$26.90M -$46.90M -$19.00M -$9.800M -$14.80M -$3.500M
YoY Change -42.64% 146.84% 93.88% -33.78% 322.86%

Income/Loss

Pretax Income

Loading...

Income Tax

Loading...

Net Profits/Loss

Loading...

Pretax Income YoY Change

Loading...

Income Tax Rate

Loading...

Net Profits/Loss YoY Change

Loading...

Basic EPS

Loading...

Net Income To Revenue Ratio

Loading...

Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016
Pretax Income $56.10M -$274.4M -$183.3M -$301.4M -$287.9M -$188.4M -$88.00M -$753.0K
YoY Change -120.44% 49.7% -39.18% 4.69% 52.81% 114.09% 11586.59%
Income Tax $34.00M $18.40M $9.700M $16.20M $11.20M $2.500M $0.00 $2.000K
% Of Pretax Income 60.61%
Net Earnings $22.10M -$292.8M -$193.0M -$317.6M -$297.6M -$190.5M -$88.00M -$755.0K
YoY Change -107.55% 51.71% -39.23% 6.72% 56.22% 116.48% 11555.63%
Net Earnings / Revenue 2.86% -65.98% -78.68% -103.28% -89.08% -115.52% -88000.0%
Basic Earnings Per Share $0.09 -$1.64 -$1.43 -$4.22
Diluted Earnings Per Share $0.09 -$1.64 -$1.433M -$4.225M -$5.529M -$3.698M -$3.397M -$746.7K

Assets & Liabilities

Cash & Short-Term Investments

Loading...

Cash & Equivalents

Loading...

Cash To Operating Expenses Ratio

Loading...

Inventory

Loading...

Receivables

Loading...

Total Short-Term Assets

Loading...

Property, Plant And Equipment

Loading...

Long-Term Investments

Loading...

Total Long-Term Assets

Loading...

Total Assets

Loading...

Net Income To Total Assets Percentage

Loading...

Accounts Payable

Loading...

Short-Term Debt

Loading...

Long Term Debt Due

Loading...

Total Short-Term Liabilities

Loading...

Long-Term Debt

Loading...

Other Long-Term Liabilities

Loading...

Total Long-Term Liabilities

Loading...

Total Liabilities

Loading...

Short-Term To Long-Term Debt Ratio

Loading...

Short-Term Assets To Debt Ratio

Loading...

Long-Term Debt To Net Income Ratio

Loading...

Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017 2016
Cash & Short-Term Investments $102.5M $108.0M $34.90M $19.20M $59.10M $32.10M $164.0M $138.1M
YoY Change -5.09% 209.46% 81.77% -67.51% 84.11% -80.43% 18.74%
Cash & Equivalents $102.5M $108.0M $34.90M $19.20M $59.10M $27.90M $164.0M $138.1M
Short-Term Investments $0.00 $4.200M
Other Short-Term Assets $82.50M $55.60M $30.80M $22.60M $108.3M $88.50M $56.40M
YoY Change 48.38% 80.52% 36.28% -79.13% 22.37% 56.91%
Inventory
Prepaid Expenses
Receivables $129.9M $100.4M $48.70M $43.20M $71.90M $64.20M
Other Receivables $95.00M $85.90M $61.80M $55.80M $38.60M $23.80M
Total Short-Term Assets $409.9M $349.9M $176.2M $140.8M $277.9M $208.6M $225.5M $138.1M
YoY Change 17.15% 98.58% 25.14% -49.33% 33.22% -7.49% 63.27%
Property, Plant & Equipment $2.587B $2.598B $2.871B $2.967B $2.954B $2.649B $1.426B $3.000K
YoY Change -0.42% -9.51% -3.23% 0.43% 11.5% 85.78% 47536566.67%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $15.70M $20.60M $19.40M $62.70M $31.40M $31.00M $20.70M
YoY Change -23.79% 6.19% -69.06% 99.68% 1.29% 49.76%
Other Assets $67.30M $32.60M $13.00M $200.0K $16.30M $20.00M $0.00 $19.97M
YoY Change 106.44% 150.77% 6400.0% -98.77% -18.5% -100.0%
Total Long-Term Assets $2.670B $2.652B $2.904B $3.030B $3.002B $2.705B $1.447B $19.97M
YoY Change 0.69% -8.69% -4.16% 0.94% 10.98% 86.97% 7145.23%
Total Assets $3.080B $3.002B $3.080B $3.171B $3.280B $2.914B $1.672B $158.1M
YoY Change
Accounts Payable $35.50M $47.70M $34.70M $20.40M $14.10M $9.600M $9.600M $40.00K
YoY Change -25.58% 37.46% 70.1% 44.68% 46.88% 0.0% 23900.0%
Accrued Expenses $119.3M $193.8M $77.90M $56.90M $71.70M $66.80M $11.50M $160.0K
YoY Change -38.44% 148.78% 36.91% -20.64% 7.34% 480.87% 7087.5%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $82.90M $445.9M
YoY Change -81.41%
Total Short-Term Liabilities $360.4M $745.6M $117.9M $96.00M $249.7M $119.3M $21.10M $244.0K
YoY Change -51.66% 532.4% 22.81% -61.55% 109.3% 465.4% 8547.54%
Long-Term Debt $1.619B $1.191B $1.916B $1.906B $1.710B $1.175B $87.00M $0.00
YoY Change 35.91% -37.83% 0.51% 11.49% 45.56% 1250.11%
Other Long-Term Liabilities $116.9M $167.2M $156.6M $132.1M $26.40M $86.30M $71.30M
YoY Change -30.08% 6.77% 18.55% 400.38% -69.41% 21.04%
Total Long-Term Liabilities $1.736B $1.358B $2.073B $2.038B $1.736B $1.261B $158.3M $0.00
YoY Change 27.78% -34.46% 1.68% 17.4% 37.7% 696.53%
Total Liabilities $2.096B $2.104B $2.190B $2.134B $1.986B $1.382B $181.4M $244.0K
YoY Change -0.37% -3.95% 2.63% 7.46% 43.72% 661.8% 74244.26%

Ownership

Basic Shares Outstanding

Loading...

Diluted Shares Outstanding

Loading...

Preferred Stock

Loading...

Treasury Stock Shares

Loading...

Stock Issuance & Repurchase

Loading...

Ownership Data

Concept 2023 2022 2021 2020 2019 2018 2017 2016
Basic Shares Outstanding 244.3M shares 178.4M shares 134.7M shares 75.18M shares
Diluted Shares Outstanding 248.2M shares 178.4M shares 134.7M shares 75.18M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Loading...

Book Value

Loading...

Free Cash Flow

Loading...

Free Cash Flow YoY

Loading...

Free Cash Flow Margin

Loading...

Dividends

Dividends

Loading...

Stock Price

Loading...
Market Cap: $15.435 Billion

About Borr Drilling Ltd

Borr Drilling Ltd. engages in the provision of offshore drilling services to the oil and gas industry. The Company’s primary business is the ownership, contracting and operation of jack-up rigs for operations in shallow-water areas (in water depths up to approximately 400 feet), including the provision of related equipment and work crews to conduct oil and gas drilling and workover operations for exploration and production customers. The company owns approximately 22 rigs with an additional two jack-up rigs. Its rigs include Skald, Groa, Idun, Thor, Norve, Gerd, Natt, Ran, Odin, Gersemi, Grid, Galar, Njord, Prospector 1, Saga, Prospector 5, Mist, Gunnlod, Frigg, Gyme, Hermod, Heimdal and Hild. The company operates in significant oil-producing geographies throughout the world, including the North Sea, Mexico, West Africa, Southeast Asia, and the Middle East. The firm contracts its jack-up rigs primarily on a daily rate basis to drill wells for its customers.

Industry: Drilling Oil & Gas Wells Peers: Valaris Ltd NABORS INDUSTRIES LTD