Seadrill Ltd - Understand $sdrl stock

$SDRL Market Cap: $2.756 Billion

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Financial Snapshot

Revenue

$1.564B

TTM

Gross Margin

37.11%

TTM

Net Earnings

$476.0M

TTM

Current Assets

$1.288B

Q2 2024

Current Liabilities

$404.0M

Q2 2024

Current Ratio

318.81%

Q2 2024

Total Assets

$4.297B

Q2 2024

Total Liabilities

$1.238B

Q2 2024

Book Value

$3.059B

Q2 2024

Cash

$835.0M

Q2 2024

P/E

5.790

Nov 29, 2024 EST

Free Cash Flow

$218.0M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020
Revenue	$1.502B	$1.012B	$907.0M	$961.0M
YoY Change	48.42%	11.58%	-5.62%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020
Revenue	$1.502B	$1.012B	$907.0M	$961.0M
Cost Of Revenue	$934.0M	$728.0M	$882.0M	$1.030B
Gross Profit	$568.0M	$284.0M	$126.0M	$29.00M
Gross Profit Margin	37.82%	28.06%	13.89%	3.02%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020
Selling, General & Admin	$74.00M	$60.00M	$67.00M	$74.00M
YoY Change	23.33%	-10.45%	-9.46%
% of Gross Profit	13.03%	21.13%	53.17%	255.17%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$155.0M	$152.0M	$127.0M	$319.0M
YoY Change	1.97%	19.69%	-60.19%
% of Gross Profit	27.29%	53.52%	100.79%	1100.0%
Operating Expenses	$229.0M	$212.0M	$67.00M	$74.00M
YoY Change	8.02%	216.42%	-9.46%
Operating Profit	$339.0M	$72.00M	-$156.0M	-$4.481B
YoY Change	370.83%	-146.15%	-96.52%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020
Interest Expense	$13.00M	-$78.00M	$109.0M	$398.0M
YoY Change	-116.67%	-171.56%	-72.61%
% of Operating Profit	3.83%	-108.33%
Other Income/Expense, Net	-$25.00M	$16.00M	-$416.0M	$50.00M
YoY Change	-256.25%	-103.85%	-932.0%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020
Pretax Income	$317.0M	$3.678B	-$572.0M	-$4.431B
YoY Change	-91.38%	-743.01%	-87.09%
Income Tax	$17.00M	$12.00M	$0.00	-$1.000M
% Of Pretax Income	5.36%	0.33%
Net Earnings	$300.0M	$3.907B	-$587.0M	-$4.659B
YoY Change	-92.32%	-765.59%	-87.4%
Net Earnings / Revenue	19.97%	386.07%	-64.72%	-484.81%
Basic Earnings Per Share	$4.23		-$5.85	-$46.43
Diluted Earnings Per Share	$4.12	$78.14	-$5.85	-$46.43

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020
Cash & Short-Term Investments	$697.0M	$480.0M	$312.0M	$534.0M
YoY Change	45.21%	53.85%	-41.57%
Cash & Equivalents	$697.0M	$480.0M	$312.0M	$526.0M
Short-Term Investments				$8.000M
Other Short-Term Assets	$230.0M	$213.0M	$1.454B	$318.0M
YoY Change	7.98%	-85.35%	357.23%
Inventory
Prepaid Expenses
Receivables	$222.0M	$137.0M	$169.0M	$125.0M
Other Receivables	$9.000M	$27.00M	$28.00M	$85.00M
Total Short-Term Assets	$1.158B	$857.0M	$1.963B	$1.062B
YoY Change	35.12%	-56.34%	84.84%
Property, Plant & Equipment	$2.868B	$1.678B	$1.788B	$2.139B
YoY Change	70.92%	-6.15%	-16.41%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$90.00M	$84.00M	$27.00M	$248.0M
YoY Change	7.14%	211.11%	-89.11%
Other Assets	$102.0M	$182.0M	$101.0M	$120.0M
YoY Change	-43.96%	80.2%	-15.83%
Total Long-Term Assets	$3.060B	$1.944B	$1.916B	$2.899B
YoY Change	57.41%	1.46%	-33.91%
Total Assets	$4.218B	$2.801B	$3.879B	$3.961B
YoY Change
Accounts Payable	$53.00M	$76.00M	$59.00M	$45.00M
YoY Change	-30.26%	28.81%	31.11%
Accrued Expenses	$140.0M	$3.000M	$30.00M	$51.00M
YoY Change	4566.67%	-90.0%	-41.18%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$7.000M
YoY Change			-100.0%
Long-Term Debt Due	$0.00	$22.00M	$0.00	$6.177B
YoY Change	-100.0%		-100.0%
Total Short-Term Liabilities	$389.0M	$404.0M	$1.237B	$6.545B
YoY Change	-3.71%	-67.34%	-81.1%
Long-Term Debt	$608.0M	$496.0M	$6.165B	$426.0M
YoY Change	22.58%	-91.95%	1347.18%
Other Long-Term Liabilities	$229.0M	$190.0M	$184.0M	$120.0M
YoY Change	20.53%	3.26%	53.33%
Total Long-Term Liabilities	$837.0M	$686.0M	$6.349B	$546.0M
YoY Change	22.01%	-89.2%	1062.82%
Total Liabilities	$1.235B	$1.099B	$7.595B	$7.101B
YoY Change	12.37%	-85.53%	6.96%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2021	2020
Basic Shares Outstanding
Diluted Shares Outstanding	74.00M shares	100.0M shares	100.0M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $2.7562 Billion

About Seadrill Ltd

Seadrill Ltd. engages in the provision of offshore drilling services. The firm is engaged in providing worldwide offshore drilling services to the oil and gas industry. Its primary business is the ownership and operation of drillships, semi-submersible rigs, and jackup rigs for operations in shallow to ultra-deepwater in both benign and harsh environments. Its fleet portfolio includes West Phoenix, West Aquarius, West Eclipse, Sevan Louisiana, West Capella, West Gemini, West Tellus, West Neptune, West Jupiter, West Saturn, West Carina, West Polaris, West Auriga, West Vela, West Castor, West Tucana, West Telesto, West Prospero, and West Elara. Its drillships are self-propelled ships equipped for drilling offshore in water depths ranging from 1,000 to 12,000 feet and are positioned over the well through a computer-controlled thruster system. Its customers include oil super-majors, state-owned national oil companies, and independent oil and gas companies. The company also provides management services.

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