$RIG
Transocean Ltd.

2021 Q4 Form 10-Q Financial Statement

#000145150521000086 Filed on November 02, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2020 Q3
Revenue $621.0M $626.0M $773.0M
YoY Change -10.0% -19.02% -1.4%
Cost Of Revenue $430.0M $398.0M $470.0M
YoY Change -7.53% -15.32% -14.08%
Gross Profit $191.0M $228.0M $303.0M
YoY Change -15.11% -24.75% 27.85%
Gross Profit Margin 30.76% 36.42% 39.2%
Selling, General & Admin $49.00M $40.00M $45.00M
YoY Change -2.0% -11.11% 0.0%
% of Gross Profit 25.65% 17.54% 14.85%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $234.0M $185.0M $190.0M
YoY Change -4.88% -2.63% -10.38%
% of Gross Profit 122.51% 81.14% 62.71%
Operating Expenses $233.0M $225.0M $235.0M
YoY Change -2.51% -4.26% -8.56%
Operating Profit -$42.00M $3.000M $4.000M
YoY Change 200.0% -25.0% -100.66%
Interest Expense -$103.0M $110.0M $145.0M
YoY Change -10.43% -24.14% -12.65%
% of Operating Profit 3666.67% 3625.0%
Other Income/Expense, Net -$3.000M -$103.0M $331.0M
YoY Change -25.0% -131.12% -301.83%
Pretax Income -$149.0M -$103.0M $335.0M
YoY Change 831.25% -130.75% -143.45%
Income Tax $111.0M $27.00M -$24.00M
% Of Pretax Income -7.16%
Net Earnings -$260.0M -$130.0M $359.0M
YoY Change 602.7% -136.21% -143.52%
Net Earnings / Revenue -41.87% -20.77% 46.44%
Basic Earnings Per Share -$0.20 $0.58
Diluted Earnings Per Share -$395.1K -$0.20 $0.51
COMMON SHARES
Basic Shares Outstanding 655.5M 653.0M 616.0M
Diluted Shares Outstanding 653.0M 702.0M

Balance Sheet

Concept 2021 Q4 2021 Q3 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $976.0M $900.0M $1.382B
YoY Change -15.42% -34.88% -27.49%
Cash & Equivalents $976.0M $900.0M $1.382B
Short-Term Investments
Other Short-Term Assets $148.0M $165.0M $187.0M
YoY Change -9.2% -11.76% -6.5%
Inventory $392.0M $433.0M $459.0M
Prepaid Expenses
Receivables $492.0M $507.0M $699.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.444B $2.581B $3.175B
YoY Change -10.8% -18.71% -15.8%
LONG-TERM ASSETS
Property, Plant & Equipment $17.10B $17.22B $17.83B
YoY Change -3.22% -3.45% -5.9%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $959.0M $947.0M $997.0M
YoY Change -3.62% -5.02% -5.41%
Total Long-Term Assets $18.24B $18.40B $19.30B
YoY Change -4.34% -4.67% -6.68%
TOTAL ASSETS
Total Short-Term Assets $2.444B $2.581B $3.175B
Total Long-Term Assets $18.24B $18.40B $19.30B
Total Assets $20.68B $20.98B $22.47B
YoY Change -5.15% -6.66% -8.09%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $228.0M $215.0M $214.0M
YoY Change 17.53% 0.47% -30.52%
Accrued Expenses
YoY Change
Deferred Revenue $83.00M $89.00M $138.0M
YoY Change -37.59% -35.51% 27.78%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $513.0M $575.0M $640.0M
YoY Change -5.35% -10.16% 67.1%
Total Short-Term Liabilities $1.303B $1.351B $1.551B
YoY Change -5.99% -12.89% 4.16%
LONG-TERM LIABILITIES
Long-Term Debt $6.657B $6.773B $7.794B
YoY Change -13.65% -13.1% -17.91%
Other Long-Term Liabilities $1.068B $1.227B $1.430B
YoY Change -21.82% -14.2% -19.84%
Total Long-Term Liabilities $8.172B $8.358B $9.518B
YoY Change -9.03% -12.19% -13.61%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.303B $1.351B $1.551B
Total Long-Term Liabilities $8.172B $8.358B $9.518B
Total Liabilities $9.475B $9.709B $11.07B
YoY Change -8.62% -12.29% -11.5%
SHAREHOLDERS EQUITY
Retained Earnings -$2.458B -$2.198B -$1.829B
YoY Change 31.73% 20.17% 46.79%
Common Stock $64.00M $63.00M $60.00M
YoY Change 6.67% 5.0% 1.69%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $11.21B $11.26B $11.40B
YoY Change
Total Liabilities & Shareholders Equity $20.68B $20.98B $22.47B
YoY Change -5.15% -6.66% -8.09%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2020 Q3
OPERATING ACTIVITIES
Net Income -$260.0M -$130.0M $359.0M
YoY Change 602.7% -136.21% -143.52%
Depreciation, Depletion And Amortization $234.0M $185.0M $190.0M
YoY Change -4.88% -2.63% -10.38%
Cash From Operating Activities $185.0M $141.0M $81.00M
YoY Change -33.45% 74.07% -10.99%
INVESTING ACTIVITIES
Capital Expenditures -$71.00M -$37.00M -$65.00M
YoY Change 51.06% -43.08% -46.28%
Acquisitions
YoY Change
Other Investing Activities $0.00 $1.000M $1.000M
YoY Change -100.0% 0.0% -133.33%
Cash From Investing Activities -$71.00M -$36.00M -$64.00M
YoY Change 91.89% -43.75% -48.39%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -178.0M -119.0M -135.0M
YoY Change -65.17% -11.85% -62.81%
NET CHANGE
Cash From Operating Activities 185.0M 141.0M 81.00M
Cash From Investing Activities -71.00M -36.00M -64.00M
Cash From Financing Activities -178.0M -119.0M -135.0M
Net Change In Cash -64.00M -14.00M -118.0M
YoY Change -76.3% -88.14% -70.2%
FREE CASH FLOW
Cash From Operating Activities $185.0M $141.0M $81.00M
Capital Expenditures -$71.00M -$37.00M -$65.00M
Free Cash Flow $256.0M $178.0M $146.0M
YoY Change -21.23% 21.92% -31.13%

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EarningsPerShareDiluted
0.51
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.53
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.53
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.86
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.86

Files In Submission

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0001451505-21-000086-index-headers.html Edgar Link pending
0001451505-21-000086-index.html Edgar Link pending
0001451505-21-000086.txt Edgar Link pending
0001451505-21-000086-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
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report.css Edgar Link pending
rig-20210930.xsd Edgar Link pending
rig-20210930ex311e7f32d.htm Edgar Link pending
rig-20210930ex31287c108.htm Edgar Link pending
rig-20210930ex31e7234c2.htm Edgar Link pending
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rig-20210930x10q_htm.xml Edgar Link completed
rig-20210930_cal.xml Edgar Link unprocessable
rig-20210930_def.xml Edgar Link unprocessable
rig-20210930_lab.xml Edgar Link unprocessable
rig-20210930_pre.xml Edgar Link unprocessable
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