$RIG
Transocean Ltd.

2013 Q3 Form 10-Q Financial Statement

#000145150513000196 Filed on November 06, 2013

View on sec.gov

Income Statement

Concept 2013 Q3 2012 Q3 2012 Q2
Revenue $2.449B $2.431B $2.329B
YoY Change 0.74% 23.15% 13.55%
Cost Of Revenue $1.386B $1.321B $2.105B
YoY Change 4.92% -1.71% 76.3%
Gross Profit $1.063B $1.110B $224.0M
YoY Change -4.23% 76.19% -65.16%
Gross Profit Margin 43.41% 45.66% 9.62%
Selling, General & Admin $67.00M $69.00M $79.00M
YoY Change -2.9% 2.99% 19.7%
% of Gross Profit 6.3% 6.22% 35.27%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $273.0M $280.0M $280.0M
YoY Change -2.5% -0.36% -22.01%
% of Gross Profit 25.68% 25.23% 125.0%
Operating Expenses $340.0M $349.0M $359.0M
YoY Change -2.58% 0.29% 42.46%
Operating Profit $742.0M $811.0M -$142.0M
YoY Change -8.51% 167.66% -137.37%
Interest Expense $142.0M $180.0M $183.0M
YoY Change -21.11% 19.21% -228.87%
% of Operating Profit 19.14% 22.19%
Other Income/Expense, Net -$135.0M -$173.0M -$176.0M
YoY Change -21.97% -21.72% 3420.0%
Pretax Income $603.0M $638.0M -$318.0M
YoY Change -5.49% 728.57% -234.75%
Income Tax $63.00M $105.0M -$15.00M
% Of Pretax Income 10.45% 16.46%
Net Earnings $546.0M -$381.0M -$304.0M
YoY Change -243.31% 1090.63% -345.16%
Net Earnings / Revenue 22.29% -15.67% -13.05%
Basic Earnings Per Share $1.50 $1.49 -$0.86
Diluted Earnings Per Share $1.50 $1.49 -$0.86
COMMON SHARES
Basic Shares Outstanding 360.0M shares 359.0M shares 353.0M shares
Diluted Shares Outstanding 361.0M shares 359.0M shares 353.0M shares

Balance Sheet

Concept 2013 Q3 2012 Q3 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.559B $6.001B $3.964B
YoY Change -40.69% 82.62% 16.97%
Cash & Equivalents $3.559B $6.001B $3.964B
Short-Term Investments
Other Short-Term Assets $414.0M $444.0M $603.0M
YoY Change -6.76% -32.63% -12.48%
Inventory $729.0M $597.0M $676.0M
Prepaid Expenses
Receivables $2.367B $2.163B $2.124B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $7.373B $10.30B $7.367B
YoY Change -28.45% 56.86% 9.34%
LONG-TERM ASSETS
Property, Plant & Equipment $21.10B $20.46B $22.21B
YoY Change 3.11% -1.26% 5.77%
Goodwill $2.987B $2.987B
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.145B $1.562B $1.769B
YoY Change -26.7% 27.72% 65.33%
Total Long-Term Assets $25.23B $25.01B $27.08B
YoY Change 0.88% -16.85% -10.34%
TOTAL ASSETS
Total Short-Term Assets $7.373B $10.30B $7.367B
Total Long-Term Assets $25.23B $25.01B $27.08B
Total Assets $32.60B $35.31B $34.44B
YoY Change -7.68% -3.64% -6.75%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $962.0M $876.0M $917.0M
YoY Change 9.82% 16.03% 23.58%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $220.0M $2.729B $2.800B
YoY Change -91.94% 41.69% 46.14%
Total Short-Term Liabilities $3.776B $6.701B $6.726B
YoY Change -43.65% 56.93% 50.0%
LONG-TERM LIABILITIES
Long-Term Debt $10.51B $11.39B $10.04B
YoY Change -7.73% 24.13% 9.54%
Other Long-Term Liabilities $1.717B $1.517B $1.581B
YoY Change 13.18% -12.31% -9.86%
Total Long-Term Liabilities $12.57B $13.36B $11.62B
YoY Change -5.91% 22.48% 6.42%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.776B $6.701B $6.726B
Total Long-Term Liabilities $12.57B $13.36B $11.62B
Total Liabilities $16.34B $20.06B $18.82B
YoY Change -18.52% 26.76% 17.25%
SHAREHOLDERS EQUITY
Retained Earnings $5.029B $3.399B
YoY Change 47.96%
Common Stock $5.129B
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $240.0M $240.0M
YoY Change 0.0%
Treasury Stock Shares 2.863M shares 2.863M shares
Shareholders Equity $16.27B $15.27B $15.62B
YoY Change
Total Liabilities & Shareholders Equity $32.60B $35.31B $34.44B
YoY Change -7.68% -3.64% -6.75%

Cashflow Statement

Concept 2013 Q3 2012 Q3 2012 Q2
OPERATING ACTIVITIES
Net Income $546.0M -$381.0M -$304.0M
YoY Change -243.31% 1090.63% -345.16%
Depreciation, Depletion And Amortization $273.0M $280.0M $280.0M
YoY Change -2.5% -0.36% -22.01%
Cash From Operating Activities $623.0M $786.0M $459.0M
YoY Change -20.74% 59.76% 35.0%
INVESTING ACTIVITIES
Capital Expenditures $450.0M $201.0M $207.0M
YoY Change 123.88% 62.1% -170.65%
Acquisitions
YoY Change
Other Investing Activities -$2.000M -$7.000M -$13.00M
YoY Change -71.43% 16.67% -40.91%
Cash From Investing Activities -$210.0M -$35.00M -$62.00M
YoY Change 500.0% -89.06% -80.32%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $77.00M $264.0M $173.0M
YoY Change -70.83% 1047.83%
Cash From Financing Activities -$211.0M $1.286B -$415.0M
YoY Change -116.41% -567.64% -7.37%
NET CHANGE
Cash From Operating Activities $623.0M $786.0M $459.0M
Cash From Investing Activities -$210.0M -$35.00M -$62.00M
Cash From Financing Activities -$211.0M $1.286B -$415.0M
Net Change In Cash $202.0M $2.037B -$18.00M
YoY Change -90.08% -2077.67% -95.74%
FREE CASH FLOW
Cash From Operating Activities $623.0M $786.0M $459.0M
Capital Expenditures $450.0M $201.0M $207.0M
Free Cash Flow $173.0M $585.0M $252.0M
YoY Change -70.43% 58.97% -60.19%

Facts In Submission

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<div style="font-size:10.0pt;font-family:Times New Roman;"> <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt;" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold;">Note&#160;1&#8212;Nature of Business</font></div> <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt;" align="justify">&#160;</div> <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt;" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;">Transocean&#160;Ltd. (together with its subsidiaries and predecessors, unless the context requires otherwise, &#8220;Transocean,&#8221; the &#8220;Company,&#8221; &#8220;we,&#8221; &#8220;us&#8221; or &#8220;our&#8221;) is a leading international provider of offshore contract drilling services for oil and gas wells.&#160;&#160;We specialize in technically demanding sectors of the offshore drilling business with a particular focus on deepwater and harsh environment drilling services.&#160;&#160;Our mobile offshore drilling fleet is considered one&#160;of the most versatile fleets in the world.&#160;&#160;We contract our drilling rigs, related equipment and work crews predominantly on a dayrate basis to drill oil and gas wells.&#160;&#160;At September&#160;30, 2013, we owned or had partial ownership interests in and operated 80&#160;mobile offshore drilling units associated with our continuing operations.&#160;&#160;At September&#160;30, 2013, our fleet consisted of 46<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman;">&#160;</font>High-Specification Floaters (Ultra-Deepwater, Deepwater and Harsh Environment semisubmersibles and drillships), 23<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman;">&#160;</font>Midwater Floaters, and 11<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman;">&#160;</font>High-Specification Jackups.&#160;&#160;At September&#160;30, 2013, we also had six&#160;Ultra-Deepwater drillships and one<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman;">&#160;</font>High-Specification Jackup under construction or under contract to be constructed.&#160;&#160;See Note&#160;9&#8212;Drilling Fleet.</font></div> <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt;" align="justify">&#160;</div> <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt;" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;">We also provide oil and gas drilling management services, drilling engineering and drilling project management services outside the United States (&#8220;U.S.&#8221;) through Applied Drilling Technology&#160;Inc., our wholly owned subsidiary, and through ADT<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman;">&#160;</font>International, a division of one&#160;of our United Kingdom (&#8220;U.K.&#8221;) subsidiaries (together, &#8220;ADTI&#8221;).&#160;&#160;ADTI conducts drilling management services primarily either on a dayrate or on a completed-project, fixed-price or turnkey basis.</font></div> <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt;" align="justify">&#160;</div> <div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt;" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;">In November&#160;2012, in connection with our efforts to dispose of non-strategic assets and to reduce our exposure to low-specification drilling units, we completed the sale of 38&#160;drilling units to Shelf<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman;">&#160;</font>Drilling Holdings,&#160;Ltd. (together with its affiliates, &#8220;Shelf&#160;Drilling&#8221;).&#160;&#160;See Note&#160;7&#8212;Discontinued Operations.</font></div> </div>
CY2011Q2 rig Number Of Quarterly Installments
NumberOfQuarterlyInstallments
4 item
CY2013Q2 rig Cash Distribution Per Share Approved As Additional Paid In Capital
CashDistributionPerShareApprovedAsAdditionalPaidInCapital
2.24
CY2011Q2 rig Cash Distribution Per Share Approved As Additional Paid In Capital
CashDistributionPerShareApprovedAsAdditionalPaidInCapital
3.16
CY2011Q2 rig Amount Of Installment
AmountOfInstallment
0.79
CY2013Q2 rig Amount Of Installment
AmountOfInstallment
0.56
CY2013Q3 us-gaap Dividends Payable Current
DividendsPayableCurrent
404000000 USD
CY2013Q3 rig Number Of Quarterly Installments Paid
NumberOfQuarterlyInstallmentsPaid
2 item
CY2012Q1 us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
278000000 USD
CY2013Q3 rig Number Of Subsidiaries To Whom Shares Were Issued
NumberOfSubsidiariesToWhomSharesWereIssued
1 subsidiary
CY2013Q3 rig Common Stock Held By Subsidiary Shares
CommonStockHeldBySubsidiaryShares
10400000 shares
CY2013Q3 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
2500000000 USD
CY2012Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
4200000000 USD
CY2012Q1 us-gaap Minority Interest Ownership Percentage By Noncontrolling Owners
MinorityInterestOwnershipPercentageByNoncontrollingOwners
0.50 pure
CY2012Q1 rig Fair Value Adjustment Of Redeemable Non Controlling Interest
FairValueAdjustmentOfRedeemableNonControllingInterest
-106000000 USD
CY2011Q4 us-gaap Redeemable Noncontrolling Interest Equity Common Carrying Amount
RedeemableNoncontrollingInterestEquityCommonCarryingAmount
116000000 USD
rig Redeemable Noncontrolling Interest Net Income Attributable To Noncontrolling Interest
RedeemableNoncontrollingInterestNetIncomeAttributableToNoncontrollingInterest
13000000 USD
rig Reclassification From Redeemable Non Controlling Interest To Current Liabilities
ReclassificationFromRedeemableNonControllingInterestToCurrentLiabilities
-252000000 USD
CY2012Q2 rig Cumulative Adjustment To Liability And Expense Issuance Of Shares Noncontrolling Interest
CumulativeAdjustmentToLiabilityAndExpenseIssuanceOfSharesNoncontrollingInterest
25000000 USD
CY2012Q2 rig Stock Issued During Period Shares Issued For Non Controlling Interest
StockIssuedDuringPeriodSharesIssuedForNonControllingInterest
8700000 shares
CY2012Q2 rig Adjustments To Shares Issuance Of Shares Noncontrolling Interest
AdjustmentsToSharesIssuanceOfSharesNoncontrollingInterest
134000000 USD
CY2012Q2 rig Adjustments To Additional Paid In Capital Issuance Of Shares Noncontrolling Interest
AdjustmentsToAdditionalPaidInCapitalIssuanceOfSharesNoncontrollingInterest
233000000 USD
CY2012Q2 us-gaap Extinguishment Of Debt Amount
ExtinguishmentOfDebtAmount
148000000 USD
CY2012Q2 rig Accrued And Unpaid Interest At Time Of Settlement Of Put Option
AccruedAndUnpaidInterestAtTimeOfSettlementOfPutOption
16000000 USD
CY2013Q2 rig Us Dollar Denominated Dividend
USDollarDenominatedDividend
808000000 USD
CY2013Q2 rig Number Of Quarterly Installments
NumberOfQuarterlyInstallments
4 item
CY2012Q4 rig Common Stock Held By Subsidiary Shares
CommonStockHeldBySubsidiaryShares
11500000 shares
CY2013Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-426000000 USD
CY2013Q3 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-3000000 USD
CY2013Q3 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-11000000 USD
CY2013Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-434000000 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
41000000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-54000000 USD
CY2012Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-512000000 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-32000000 USD
CY2012Q3 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-4000000 USD
CY2012Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-516000000 USD
CY2011Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-496000000 USD
CY2013Q3 us-gaap Revenue Oil And Gas Services
RevenueOilAndGasServices
2402000000 USD
CY2013Q3 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
156000000 USD
us-gaap Revenue Oil And Gas Services
RevenueOilAndGasServices
6868000000 USD
us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
284000000 USD
CY2013Q3 us-gaap Contract Revenue Cost
ContractRevenueCost
1491000000 USD
CY2013Q3 us-gaap Cost Of Services Depreciation And Amortization
CostOfServicesDepreciationAndAmortization
273000000 USD
CY2013Q3 us-gaap Asset Impairment Charges
AssetImpairmentCharges
17000000 USD
CY2013Q3 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
32000000 USD
CY2013Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-131000000 USD
CY2013Q3 rig Other Nonoperating Income Expense And Gain Loss On Retirement Of Debt
OtherNonoperatingIncomeExpenseAndGainLossOnRetirementOfDebt
-4000000 USD
CY2013Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
63000000 USD
CY2013Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
2000000 USD
CY2013Q3 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
2000000 USD
CY2013Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
3000000 USD
CY2013Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
67000000 USD
us-gaap Contract Revenue Cost
ContractRevenueCost
4259000000 USD
us-gaap Cost Of Services Depreciation And Amortization
CostOfServicesDepreciationAndAmortization
834000000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
211000000 USD
CY2013Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
11000000 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
39000000 USD
CY2013Q3 us-gaap Interest Expense
InterestExpense
142000000 USD
us-gaap Interest Expense
InterestExpense
445000000 USD
CY2013Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-4000000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-21000000 USD
CY2013Q3 us-gaap Receivables Net Current
ReceivablesNetCurrent
2367000000 USD
CY2013Q3 us-gaap Supplies
Supplies
729000000 USD
CY2013Q3 us-gaap Assets Held For Sale Current
AssetsHeldForSaleCurrent
131000000 USD
us-gaap Asset Impairment Charges
AssetImpairmentCharges
54000000 USD
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
23000000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-406000000 USD
rig Other Nonoperating Income Expense And Gain Loss On Retirement Of Debt
OtherNonoperatingIncomeExpenseAndGainLossOnRetirementOfDebt
-21000000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
212000000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-2000000 USD
us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
2000000 USD
CY2012Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-165000000 USD
CY2012Q3 rig Other Nonoperating Income Expense And Gain Loss On Retirement Of Debt
OtherNonoperatingIncomeExpenseAndGainLossOnRetirementOfDebt
-8000000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-500000000 USD
rig Other Nonoperating Income Expense And Gain Loss On Retirement Of Debt
OtherNonoperatingIncomeExpenseAndGainLossOnRetirementOfDebt
-32000000 USD
CY2012Q4 rig Other Assets Current Less Cash
OtherAssetsCurrentLessCash
3513000000 USD
CY2012Q4 rig Other Assets Noncurrent Excluding Investments
OtherAssetsNoncurrentExcludingInvestments
1741000000 USD
CY2012Q4 rig Other Liabilities Current Less Debt Due Within One Year
OtherLiabilitiesCurrentLessDebtDueWithinOneYear
4096000000 USD
CY2012Q4 rig Other Liabilities Noncurrent Less Debt
OtherLiabilitiesNoncurrentLessDebt
1970000000 USD
CY2013Q3 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
173000000 USD
CY2013Q3 us-gaap Other Assets Current
OtherAssetsCurrent
414000000 USD
CY2013Q3 rig Property And Equipment Excluding Variable Interest Entities
PropertyAndEquipmentExcludingVariableInterestEntities
27707000000 USD
CY2013Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
7596000000 USD
CY2013Q3 rig Other Assets Current Less Cash
OtherAssetsCurrentLessCash
3814000000 USD
CY2013Q3 us-gaap Goodwill
Goodwill
2987000000 USD
CY2013Q3 rig Other Assets Noncurrent Excluding Investments
OtherAssetsNoncurrentExcludingInvestments
1145000000 USD
CY2013Q3 rig Other Liabilities Current Less Debt Due Within One Year
OtherLiabilitiesCurrentLessDebtDueWithinOneYear
3556000000 USD
CY2013Q3 rig Other Liabilities Noncurrent Less Debt
OtherLiabilitiesNoncurrentLessDebt
2058000000 USD
CY2013Q3 rig Property And Equipment Of Consolidated Variable Interest Entities Net
PropertyAndEquipmentOfConsolidatedVariableInterestEntitiesNet
985000000 USD
CY2013Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
1145000000 USD
CY2013Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
962000000 USD
CY2013Q3 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
176000000 USD
CY2013Q3 rig Debt Due Within One Year Excluding Variable Interest Entities
DebtDueWithinOneYearExcludingVariableInterestEntities
162000000 USD
CY2013Q3 rig Debt Of Consolidated Variable Interest Entities Due Within One Year
DebtOfConsolidatedVariableInterestEntitiesDueWithinOneYear
58000000 USD
CY2013Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
2418000000 USD
CY2013Q3 rig Long Term Debt Excluding Variable Interest Entities
LongTermDebtExcludingVariableInterestEntities
10388000000 USD
CY2013Q3 rig Long Term Debt Of Consolidated Variable Interest Entities
LongTermDebtOfConsolidatedVariableInterestEntities
120000000 USD
CY2013Q3 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
341000000 USD
CY2013Q3 us-gaap Treasury Stock Value
TreasuryStockValue
240000000 USD
CY2013Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
5029000000 USD
CY2013Q3 us-gaap Minority Interest
MinorityInterest
-15000000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
174000000 USD
us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
131000000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1673000000 USD
us-gaap Proceeds From Sale Of Restricted Investments
ProceedsFromSaleOfRestrictedInvestments
283000000 USD
us-gaap Payments To Acquire Restricted Investments
PaymentsToAcquireRestrictedInvestments
112000000 USD
us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
404000000 USD
CY2013Q1 rig Administrative Agreement Term
AdministrativeAgreementTerm
P5Y
CY2012Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
24000000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
72000000 USD
CY2013Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments And Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsAndTax
1000000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments And Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsAndTax
-47000000 USD
CY2012Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax
11000000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax
34000000 USD
CY2012Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax
3000000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-33000000 USD
CY2012Q3 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-8000000 USD
CY2013Q3 us-gaap Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
-30000000 USD
CY2013Q3 us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
193000000 USD
rig Amortization Of Drilling Contract Intangibles
AmortizationOfDrillingContractIntangibles
-21000000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
834000000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
85000000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
23000000 USD
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
4000000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-64000000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-73000000 USD
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-68000000 USD
us-gaap Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
-38000000 USD
us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
904000000 USD
CY2013Q3 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
450000000 USD
CY2013Q3 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
170000000 USD
CY2013Q3 us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
68000000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-14000000 USD
CY2013Q3 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
77000000 USD
CY2013Q3 us-gaap Proceeds From Sale Of Restricted Investments
ProceedsFromSaleOfRestrictedInvestments
77000000 USD
CY2013Q3 us-gaap Payments To Acquire Restricted Investments
PaymentsToAcquireRestrictedInvestments
8000000 USD
CY2013Q3 us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
202000000 USD
us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
17000000 USD
CY2013Q3 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
17000000 USD
CY2013Q3 rig Income Tax Examination Amount Of Criminal Penalties To Be Assessed By Court In Addition To Civil Tax Penalties
IncomeTaxExaminationAmountOfCriminalPenaltiesToBeAssessedByCourtInAdditionToCivilTaxPenalties
38000000 USD
rig Number Of Subsidiaries Against Which Criminal Penalties In Addition To Civil Tax Penalties Are To Be Assessed
NumberOfSubsidiariesAgainstWhichCriminalPenaltiesInAdditionToCivilTaxPenaltiesAreToBeAssessed
3 item
CY2013Q3 us-gaap Discontinued Operation Amount Of Other Income Loss From Disposition Of Discontinued Operations Before Income Tax
DiscontinuedOperationAmountOfOtherIncomeLossFromDispositionOfDiscontinuedOperationsBeforeIncomeTax
2000000 USD
us-gaap Discontinued Operation Amount Of Other Income Loss From Disposition Of Discontinued Operations Before Income Tax
DiscontinuedOperationAmountOfOtherIncomeLossFromDispositionOfDiscontinuedOperationsBeforeIncomeTax
4000000 USD
CY2013Q3 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-1000000 USD
rig Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent Including Reclassification
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentIncludingReclassification
95000000 USD
CY2013Q3 rig Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent Including Reclassification
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentIncludingReclassification
8000000 USD
CY2012Q3 rig Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent Including Reclassification
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentIncludingReclassification
4000000 USD
rig Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent Including Reclassification
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentIncludingReclassification
-16000000 USD
us-gaap Adjustments To Additional Paid In Capital Dividends In Excess Of Retained Earnings
AdjustmentsToAdditionalPaidInCapitalDividendsInExcessOfRetainedEarnings
808000000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-28000000 USD
CY2013Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
36000000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
85000000 USD

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