$RIG
Transocean Ltd.

2024 Q4 Form 10-Q Financial Statement

#000145150524000142 Filed on October 31, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $948.0M
YoY Change 32.96%
Cost Of Revenue $563.0M
YoY Change 7.44%
Gross Profit $385.0M
YoY Change 103.7%
Gross Profit Margin 40.61%
Selling, General & Admin $47.00M
YoY Change 6.82%
% of Gross Profit 12.21%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $190.0M
YoY Change -1.04%
% of Gross Profit 49.35%
Operating Expenses $237.0M
YoY Change 0.42%
Operating Profit -$485.0M
YoY Change 781.82%
Interest Expense -$69.00M
YoY Change -129.74%
% of Operating Profit
Other Income/Expense, Net -$40.00M
YoY Change -80.77%
Pretax Income -$525.0M
YoY Change 99.62%
Income Tax -$31.00M
% Of Pretax Income
Net Earnings -$494.0M
YoY Change 124.55%
Net Earnings / Revenue -52.11%
Basic Earnings Per Share -$0.56
Diluted Earnings Per Share -$0.58
COMMON SHARES
Basic Shares Outstanding 875.8M 875.5M
Diluted Shares Outstanding 954.0M

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $435.0M
YoY Change -26.77%
Cash & Equivalents $435.0M
Short-Term Investments
Other Short-Term Assets $179.0M
YoY Change -17.51%
Inventory $425.0M
Prepaid Expenses
Receivables $594.0M
Other Receivables $0.00
Total Short-Term Assets $2.343B
YoY Change 19.12%
LONG-TERM ASSETS
Property, Plant & Equipment $15.99B
YoY Change -5.47%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $124.0M
YoY Change
Other Assets $1.014B
YoY Change -7.06%
Total Long-Term Assets $17.17B
YoY Change -4.84%
TOTAL ASSETS
Total Short-Term Assets $2.343B
Total Long-Term Assets $17.17B
Total Assets $19.51B
YoY Change -2.49%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $255.0M
YoY Change -19.3%
Accrued Expenses
YoY Change
Deferred Revenue $265.0M
YoY Change 102.29%
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $457.0M
YoY Change 42.81%
Total Short-Term Liabilities $1.431B
YoY Change 21.17%
LONG-TERM LIABILITIES
Long-Term Debt $6.503B
YoY Change -7.97%
Other Long-Term Liabilities $778.0M
YoY Change -16.88%
Total Long-Term Liabilities $7.851B
YoY Change -7.73%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.431B
Total Long-Term Liabilities $7.851B
Total Liabilities $9.282B
YoY Change -4.21%
SHAREHOLDERS EQUITY
Retained Earnings -$4.552B
YoY Change 15.86%
Common Stock $87.00M
YoY Change 11.54%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $10.23B
YoY Change
Total Liabilities & Shareholders Equity $19.51B
YoY Change -2.49%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income -$494.0M
YoY Change 124.55%
Depreciation, Depletion And Amortization $190.0M
YoY Change -1.04%
Cash From Operating Activities $194.0M
YoY Change -540.91%
INVESTING ACTIVITIES
Capital Expenditures $58.00M
YoY Change 16.0%
Acquisitions
YoY Change
Other Investing Activities $48.00M
YoY Change 380.0%
Cash From Investing Activities -$10.00M
YoY Change -75.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -259.0M
YoY Change 82.39%
NET CHANGE
Cash From Operating Activities 194.0M
Cash From Investing Activities -10.00M
Cash From Financing Activities -259.0M
Net Change In Cash -75.00M
YoY Change -66.81%
FREE CASH FLOW
Cash From Operating Activities $194.0M
Capital Expenditures $58.00M
Free Cash Flow $136.0M
YoY Change -244.68%

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<p style="color:#00556f;font-family:'Arial Narrow';font-size:11pt;font-weight:bold;text-transform:uppercase;border-bottom:2.25pt solid #eca44a;margin:-0pt 0pt 3pt 0pt;">Note 1—Business</p><p style="font-family:'Arial Narrow';font-size:10pt;text-align:justify;text-indent:36pt;margin:3pt 0pt 6pt 0pt;">Transocean Ltd. (together with its subsidiaries and predecessors, unless the context requires otherwise, “Transocean,” “we,” “us” or “our”) is a leading international provider of offshore contract drilling services for oil and gas wells.  As of September 30, 2024, we owned or had partial ownership interests in and operated a fleet of 34 mobile offshore drilling units, consisting of 26 ultra-deepwater floaters and eight harsh environment floaters.</p>
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<p style="font-family:'Arial Narrow';font-size:10pt;text-align:justify;text-indent:36pt;margin:3pt 0pt 6pt 0pt;"><b style="font-weight:bold;">Accounting estimates</b>—To prepare financial statements in accordance with accounting principles generally accepted in the U.S., we must make judgments by applying estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses and the disclosures of contingent assets and liabilities.  On an ongoing basis, we evaluate our estimates and assumptions, including those related to our income taxes, property and equipment, equity investments, contingencies, allowance for excess materials and supplies, assets held for sale, postemployment benefit plans and share-based compensation.  We base our estimates and assumptions on historical experience and other factors that we believe are reasonable.  Actual results could differ from such estimates.</p>
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rig-20240930_lab.xml Edgar Link unprocessable
rig-20240930_pre.xml Edgar Link unprocessable
rig-20240930x10q_htm.xml Edgar Link completed
rig-20240930_cal.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable