$DODRW

2018 Q4 Form 10-Q Financial Statement

#000119312518317961 Filed on November 05, 2018

View on sec.gov

Income Statement

Concept 2018 Q4 2018 Q3 2017 Q3
Revenue $232.5M $286.3M $366.0M
YoY Change -32.84% -21.77% 4.82%
Cost Of Revenue $166.8M $194.0M $198.1M
YoY Change -21.46% -2.06% 6.12%
Gross Profit $65.69M $92.30M $168.0M
YoY Change -50.9% -45.04% 3.34%
Gross Profit Margin 28.25% 32.24% 45.89%
Selling, General & Admin $15.29M $33.30M $17.80M
YoY Change -24.29% 87.08% 17.11%
% of Gross Profit 23.28% 36.08% 10.6%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $86.29M $81.80M $83.30M
YoY Change 0.1% -1.8% -3.59%
% of Gross Profit 131.35% 88.62% 49.6%
Operating Expenses $101.5M $115.3M $101.1M
YoY Change -4.56% 14.05% -0.59%
Operating Profit -$37.28M -$23.04M $58.58M
YoY Change 483.82% -139.34% 8.34%
Interest Expense -$29.06M -$32.70M -$28.50M
YoY Change -1.82% 14.74% 45.41%
% of Operating Profit -48.65%
Other Income/Expense, Net $36.00K -$179.0K $1.447M
YoY Change -96.0% -112.37% 437.92%
Pretax Income -$66.30M -$55.89M -$3.801M
YoY Change 89.0% 1370.51% -110.94%
Income Tax $33.20M -$4.782M -$14.60M
% Of Pretax Income
Net Earnings -$79.21M -$51.11M $10.80M
YoY Change 147.98% -573.3% -22.46%
Net Earnings / Revenue -34.06% -17.85% 2.95%
Basic Earnings Per Share -$0.37 $0.08
Diluted Earnings Per Share -$576.3K -$0.37 $0.08
COMMON SHARES
Basic Shares Outstanding 137.4M shares 137.4M shares 137.2M shares
Diluted Shares Outstanding 137.4M shares 137.2M shares

Balance Sheet

Concept 2018 Q4 2018 Q3 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $453.9M $476.5M $276.7M
YoY Change 20.72% 72.22% 240.03%
Cash & Equivalents $154.1M $201.9M $276.7M
Short-Term Investments $299.8M $274.7M
Other Short-Term Assets $2.355M $9.612M $4.444M
YoY Change -37.52% 116.29% -15.58%
Inventory
Prepaid Expenses
Receivables $162.0M $184.0M $260.1M
Other Receivables $67.84M $61.10M $13.80M
Total Short-Term Assets $785.9M $814.4M $648.5M
YoY Change -11.36% 25.59% 35.91%
LONG-TERM ASSETS
Property, Plant & Equipment $5.184B $5.192B $5.433B
YoY Change -1.47% -4.43% -6.64%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $65.53M $62.05M $117.1M
YoY Change -35.92% -47.0% 3.83%
Total Long-Term Assets $5.250B $5.254B $5.550B
YoY Change -2.13% -5.33% -6.44%
TOTAL ASSETS
Total Short-Term Assets $785.9M $814.4M $648.5M
Total Long-Term Assets $5.250B $5.254B $5.550B
Total Assets $6.036B $6.068B $6.198B
YoY Change -3.44% -2.1% -3.29%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $43.93M $42.17M $33.30M
YoY Change 13.36% 26.63% -8.71%
Accrued Expenses $172.2M $151.4M $140.2M
YoY Change 11.36% 7.93% -37.5%
Deferred Revenue $2.803M $2.986M
YoY Change -75.35%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $236.8M $208.3M $181.0M
YoY Change 6.07% 15.11% -62.29%
LONG-TERM LIABILITIES
Long-Term Debt $1.974B $1.973B $1.972B
YoY Change 0.09% 0.08% -0.44%
Other Long-Term Liabilities $135.9M $110.6M $115.7M
YoY Change 19.73% -4.38% -23.56%
Total Long-Term Liabilities $2.110B $2.084B $2.088B
YoY Change 1.16% -0.16% -2.08%
TOTAL LIABILITIES
Total Short-Term Liabilities $236.8M $208.3M $181.0M
Total Long-Term Liabilities $2.110B $2.084B $2.088B
Total Liabilities $2.451B $2.407B $2.393B
YoY Change -1.02% 0.57% -13.79%
SHAREHOLDERS EQUITY
Retained Earnings $1.769B $1.849B $1.996B
YoY Change -9.93% -7.4% 9.05%
Common Stock $2.020B $2.017B $2.011B
YoY Change 0.34% 0.27% 0.33%
Preferred Stock
YoY Change
Treasury Stock (at cost) $204.4M $204.4M $203.1M
YoY Change 0.64% 0.63% 0.24%
Treasury Stock Shares $6.945M 6.944M shares 6.857M shares
Shareholders Equity $3.585B $3.661B $3.805B
YoY Change
Total Liabilities & Shareholders Equity $6.036B $6.068B $6.198B
YoY Change -3.44% -2.1% -3.29%

Cashflow Statement

Concept 2018 Q4 2018 Q3 2017 Q3
OPERATING ACTIVITIES
Net Income -$79.21M -$51.11M $10.80M
YoY Change 147.98% -573.3% -22.46%
Depreciation, Depletion And Amortization $86.29M $81.80M $83.30M
YoY Change 0.1% -1.8% -3.59%
Cash From Operating Activities $43.26M $58.00M $189.7M
YoY Change -65.99% -69.43% 1.72%
INVESTING ACTIVITIES
Capital Expenditures -$62.61M -$69.40M -$28.70M
YoY Change 60.53% 141.81% -55.71%
Acquisitions
YoY Change
Other Investing Activities -$23.03M $69.20M -$100.0K
YoY Change -305.63% -69300.0% -105.88%
Cash From Investing Activities -$85.64M -$200.0K -$28.80M
YoY Change 208.04% -99.31% -54.36%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -5.386M -200.0K -45.20M
YoY Change 5286.0% -99.56% -68.91%
NET CHANGE
Cash From Operating Activities 43.26M 58.00M 189.7M
Cash From Investing Activities -85.64M -200.0K -28.80M
Cash From Financing Activities -5.386M -200.0K -45.20M
Net Change In Cash -47.76M 57.60M 115.7M
YoY Change -148.1% -50.22% -625.91%
FREE CASH FLOW
Cash From Operating Activities $43.26M $58.00M $189.7M
Capital Expenditures -$62.61M -$69.40M -$28.70M
Free Cash Flow $105.9M $127.4M $218.4M
YoY Change -36.3% -41.67% -13.09%

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dei Entity Central Index Key
EntityCentralIndexKey
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dei Entity Registrant Name
EntityRegistrantName
DIAMOND OFFSHORE DRILLING, INC.
dei Entity Small Business
EntitySmallBusiness
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dei Document Period End Date
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dei Entity Emerging Growth Company
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dei Trading Symbol
TradingSymbol
DO
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137386000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
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137386000 shares
us-gaap Use Of Estimates
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<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 18pt"> <i>Use of Estimates in the Preparation of Financial Statements</i></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt; TEXT-INDENT: 4%"> The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimated.</p> </div>
do Accrued Restructuring Charges
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do Contract With Customer Liability Increase Due To Cash Received
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do Contract With Customer Asset Increase Due To Revenue Recognized During Period
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do Range Of Deductible For Liability Coverage For Personal Injury Claims Upper Limit
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100000000
do Interest Expense Non Operating
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do Deductible For Marine Liability Coverage Including Personal Injury Claims Per First Occurrence
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RangeOfDeductibleForLiabilityCoverageForPersonalInjuryClaimsLowerLimit
5000000
do General Measurement Period To Determine Fair Value Of Debt
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do Payment Terms On Invoiced Amounts
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AssetImpairmentCharges
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CY2017Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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