$VAL
Valaris Ltd

2023 Q4 Form 10-Q Financial Statement

#000031480823000130 Filed on November 07, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3 2022 Q3
Revenue $483.8M $455.1M $437.2M
YoY Change 11.58% 4.09% 33.82%
Cost Of Revenue $390.9M $336.7M
YoY Change 16.1%
Gross Profit $64.20M $100.5M
YoY Change -36.12%
Gross Profit Margin 14.11% 22.99%
Selling, General & Admin $24.30M $24.20M $19.20M
YoY Change 1.67% 26.04% -29.41%
% of Gross Profit 37.69% 19.1%
Research & Development $402.0M $390.9M $336.7M
YoY Change 13.75% 16.1% 22.75%
% of Gross Profit 608.88% 335.02%
Depreciation & Amortization $27.50M $25.80M $22.60M
YoY Change 15.55% 14.16% -7.38%
% of Gross Profit 40.19% 22.49%
Operating Expenses $453.8M $440.9M $336.7M
YoY Change 13.14% 30.95% 22.75%
Operating Profit $16.60M $61.60M
YoY Change -73.05% 1711.76%
Interest Expense $13.80M $13.20M $19.10M
YoY Change 1.47% -30.89% 1810.0%
% of Operating Profit 79.52% 31.01%
Other Income/Expense, Net -$5.500M $11.10M $29.90M
YoY Change 12.24% -62.88% -1131.03%
Pretax Income $38.30M $27.70M $91.50M
YoY Change -6.36% -69.73% 18200.0%
Income Tax -$790.2M $10.70M $13.80M
% Of Pretax Income -2063.19% 38.63% 15.08%
Net Earnings $835.2M $12.90M $74.30M
YoY Change 2760.27% -82.64% -236.33%
Net Earnings / Revenue 172.63% 2.83% 16.99%
Basic Earnings Per Share $0.18 $0.99
Diluted Earnings Per Share $11.30 $0.17 $0.98
COMMON SHARES
Basic Shares Outstanding 72.90M shares 73.99M shares 75.18M shares
Diluted Shares Outstanding 74.80M shares 75.60M shares

Balance Sheet

Concept 2023 Q4 2023 Q3 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $620.5M $1.041B $626.0M
YoY Change -14.31% 66.31% 0.84%
Cash & Equivalents $620.5M $1.041B $406.0M
Short-Term Investments $220.0M
Other Short-Term Assets $177.2M $178.7M $162.9M
YoY Change 19.25% 9.7% 39.23%
Inventory
Prepaid Expenses $23.60M $23.90M $26.50M
Receivables $459.3M $419.8M $535.5M
Other Receivables $0.00 $72.60M $0.00
Total Short-Term Assets $1.272B $1.728B $1.343B
YoY Change -5.5% 28.74% 9.38%
LONG-TERM ASSETS
Property, Plant & Equipment $1.634B $1.160B $953.6M
YoY Change 67.19% 21.63% 6.87%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $124.4M $116.1M $102.6M
YoY Change 11.97% 13.16% 16.72%
Other Assets $154.4M $205.3M $175.5M
YoY Change -10.13% 16.98% 14.33%
Total Long-Term Assets $3.050B $1.757B $1.479B
YoY Change 101.44% 18.79% 7.53%
TOTAL ASSETS
Total Short-Term Assets $1.272B $1.728B $1.343B
Total Long-Term Assets $3.050B $1.757B $1.479B
Total Assets $4.322B $3.485B $2.821B
YoY Change 51.11% 23.53% 8.4%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $400.1M $376.4M $256.6M
YoY Change 55.98% 46.69% 26.4%
Accrued Expenses $344.2M $148.4M $262.5M
YoY Change 38.85% -43.47% 97.67%
Deferred Revenue $116.2M $103.4M $84.80M
YoY Change 48.97% 21.93% 160.92%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $744.3M $723.0M $519.1M
YoY Change 47.56% 39.28% 21.63%
LONG-TERM LIABILITIES
Long-Term Debt $1.079B $1.079B $541.8M
YoY Change 98.99% 99.22% -0.61%
Other Long-Term Liabilities $471.7M $482.5M $539.8M
YoY Change -8.51% -10.62% -8.71%
Total Long-Term Liabilities $1.551B $1.562B $1.082B
YoY Change 46.6% 44.41% -4.82%
TOTAL LIABILITIES
Total Short-Term Liabilities $744.3M $723.0M $519.1M
Total Long-Term Liabilities $1.551B $1.562B $1.082B
Total Liabilities $2.325B $2.285B $1.601B
YoY Change 48.82% 42.74% 2.4%
SHAREHOLDERS EQUITY
Retained Earnings $1.026B $190.3M $114.3M
YoY Change 540.54% 66.49% -288.3%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.988B $1.184B $1.214B
YoY Change
Total Liabilities & Shareholders Equity $4.322B $3.485B $2.821B
YoY Change 51.11% 23.53% 8.4%

Cashflow Statement

Concept 2023 Q4 2023 Q3 2022 Q3
OPERATING ACTIVITIES
Net Income $835.2M $12.90M $74.30M
YoY Change 2760.27% -82.64% -236.33%
Depreciation, Depletion And Amortization $27.50M $25.80M $22.60M
YoY Change 15.55% 14.16% -7.38%
Cash From Operating Activities $96.70M $48.20M $87.10M
YoY Change -37.41% -44.66% 1162.32%
INVESTING ACTIVITIES
Capital Expenditures $463.0M $105.8M -$53.50M
YoY Change 759.0% -297.76% 242.95%
Acquisitions
YoY Change
Other Investing Activities $1.100M $100.0K -$179.7M
YoY Change -99.51% -100.06% -13923.08%
Cash From Investing Activities -$461.9M -$105.7M -$233.2M
YoY Change -372.35% -54.67% 1530.77%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -56.40M 309.5M -6.200M
YoY Change -5091.94%
NET CHANGE
Cash From Operating Activities 96.70M 48.20M 87.10M
Cash From Investing Activities -461.9M -105.7M -233.2M
Cash From Financing Activities -56.40M 309.5M -6.200M
Net Change In Cash -421.6M 252.0M -152.3M
YoY Change -230.08% -265.46% 1958.11%
FREE CASH FLOW
Cash From Operating Activities $96.70M $48.20M $87.10M
Capital Expenditures $463.0M $105.8M -$53.50M
Free Cash Flow -$366.3M -$57.60M $140.6M
YoY Change -464.12% -140.97% 524.89%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2023Q3 us-gaap Depreciation Nonproduction
DepreciationNonproduction
25800000 usd
CY2022Q3 us-gaap Depreciation Nonproduction
DepreciationNonproduction
22600000 usd
us-gaap Depreciation Nonproduction
DepreciationNonproduction
73600000 usd
us-gaap Depreciation Nonproduction
DepreciationNonproduction
67400000 usd
CY2023Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
24200000 usd
CY2022Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
19200000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
75000000.0 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
57000000.0 usd
CY2023Q3 us-gaap Costs And Expenses
CostsAndExpenses
440900000 usd
CY2022Q3 us-gaap Costs And Expenses
CostsAndExpenses
378500000 usd
us-gaap Costs And Expenses
CostsAndExpenses
1290200000 usd
us-gaap Other Interest And Dividend Income
OtherInterestAndDividendIncome
74200000 usd
us-gaap Other Interest And Dividend Income
OtherInterestAndDividendIncome
50000000.0 usd
CY2023Q3 us-gaap Interest Expense Other
InterestExpenseOther
19400000 usd
CY2022Q3 us-gaap Interest Expense Other
InterestExpenseOther
11700000 usd
us-gaap Interest Expense Other
InterestExpenseOther
47200000 usd
us-gaap Interest Expense Other
InterestExpenseOther
34800000 usd
CY2023Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
3900000 usd
CY2022Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
13700000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
3700000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
172700000 usd
CY2023Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
11100000 usd
CY2022Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
29900000 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
30700000 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
187900000 usd
CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
27700000 usd
CY2022Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
91500000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
45900000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
184000000.0 usd
CY2023Q3 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
15500000 usd
CY2022Q3 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
13400000 usd
CY2023Q3 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-4800000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
2300000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
7100000 usd
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
10700000 usd
CY2022Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
13800000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7600000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
33300000 usd
CY2023Q3 us-gaap Profit Loss
ProfitLoss
17000000.0 usd
CY2022Q3 us-gaap Profit Loss
ProfitLoss
77700000 usd
us-gaap Net Income Loss
NetIncomeLoss
30200000 usd
us-gaap Net Income Loss
NetIncomeLoss
147300000 usd
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.18
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.99
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.40
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.96
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.17
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.98
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.40
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.95
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
73700000 shares
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
75100000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
74600000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
75000000.0 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
74800000 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
75600000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
75700000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
75500000 shares
CY2022Q3 us-gaap Profit Loss
ProfitLoss
77700000 usd
us-gaap Profit Loss
ProfitLoss
38300000 usd
us-gaap Profit Loss
ProfitLoss
150700000 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
100000 usd
CY2022Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
0 usd
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
300000 usd
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
100000 usd
CY2023Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
100000 usd
CY2022Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
100000 usd
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-200000 usd
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
100000 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
0 usd
CY2022Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
100000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-500000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
0 usd
CY2023Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
17000000.0 usd
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
37800000 usd
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
150700000 usd
CY2023Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
4100000 usd
CY2022Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
3400000 usd
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
8100000 usd
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
3400000 usd
CY2023Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
12900000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
29700000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
147300000 usd
CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1041100000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
724100000 usd
CY2023Q3 us-gaap Restricted Cash
RestrictedCash
16200000 usd
CY2022Q4 us-gaap Restricted Cash
RestrictedCash
24400000 usd
CY2023Q3 us-gaap Receivables Net Current
ReceivablesNetCurrent
492400000 usd
CY2022Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
449100000 usd
CY2023Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
178700000 usd
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
148600000 usd
CY2023Q3 us-gaap Assets Current
AssetsCurrent
1728400000 usd
CY2022Q4 us-gaap Assets Current
AssetsCurrent
1346200000 usd
CY2023Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1388000000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1134500000 usd
CY2023Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
228100000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
157300000 usd
CY2023Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1159900000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
977200000 usd
CY2023Q3 us-gaap Other Receivable After Allowance For Credit Loss Noncurrent
OtherReceivableAfterAllowanceForCreditLossNoncurrent
275200000 usd
CY2022Q4 us-gaap Other Receivable After Allowance For Credit Loss Noncurrent
OtherReceivableAfterAllowanceForCreditLossNoncurrent
254000000.0 usd
CY2023Q3 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
116100000 usd
CY2022Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
111100000 usd
CY2023Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
205300000 usd
CY2023Q3 us-gaap Assets
Assets
3484900000 usd
CY2022Q4 us-gaap Assets
Assets
2860300000 usd
CY2023Q3 us-gaap Treasury Stock Common Value
TreasuryStockCommonValue
150000000.0 usd
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
1183900000 usd
CY2023Q3 us-gaap Minority Interest
MinorityInterest
16100000 usd
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1200000000 usd
us-gaap Profit Loss
ProfitLoss
38300000 usd
us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
73600000 usd
us-gaap Adjustment For Amortization
AdjustmentForAmortization
0 usd
us-gaap Adjustment For Amortization
AdjustmentForAmortization
6100000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-29200000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
27900000 usd
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
137700000 usd
val Accretion Of Discount On The Notes Receivable
AccretionOfDiscountOnTheNotesReceivable
21200000 usd
val Accretion Of Discount On The Notes Receivable
AccretionOfDiscountOnTheNotesReceivable
37800000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
19500000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
11500000 usd
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
-300000 usd
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
-12100000 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
34500000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-3900000 usd
us-gaap Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
29300000 usd
us-gaap Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
47700000 usd
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-90000000.0 usd
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
114500000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
170800000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-27700000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
233100000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
153100000 usd
CY2023Q3 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P3M
CY2023Q3 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P1Y
CY2023Q3 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P1Y
CY2023Q3 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P1Y
CY2023Q3 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
CY2022Q3 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
34500000 usd
us-gaap Costs And Expenses
CostsAndExpenses
1188700000 usd
CY2023Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
2400000 usd
CY2022Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
2900000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
5000000.0 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
15900000 usd
CY2023Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
16600000 usd
CY2022Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
61600000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
15200000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-3900000 usd
CY2023Q3 us-gaap Other Interest And Dividend Income
OtherInterestAndDividendIncome
26600000 usd
CY2022Q3 us-gaap Other Interest And Dividend Income
OtherInterestAndDividendIncome
27900000 usd
us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
5300000 usd
us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
26200000 usd
CY2022Q3 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
400000 usd
us-gaap Profit Loss
ProfitLoss
38300000 usd
us-gaap Profit Loss
ProfitLoss
150700000 usd
CY2023Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
4100000 usd
CY2022Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
3400000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
8100000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
3400000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
12900000 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
74300000 usd
CY2022Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
77800000 usd
CY2022Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
74400000 usd
CY2022Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
171800000 usd
CY2023Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
376400000 usd
CY2022Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
256500000 usd
CY2023Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
346600000 usd
CY2022Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
247900000 usd
CY2023Q3 us-gaap Liabilities Current
LiabilitiesCurrent
723000000.0 usd
CY2022Q4 us-gaap Liabilities Current
LiabilitiesCurrent
504400000 usd
CY2023Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1079400000 usd
CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
542400000 usd
CY2023Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3484900000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
5000000.0 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
15900000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
2300000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
7100000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-1800000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
58900000 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
29200000 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
146800000 usd
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
0 usd
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
220000000.0 usd
us-gaap Repayment Of Notes Receivable From Related Parties
RepaymentOfNotesReceivableFromRelatedParties
0 usd
us-gaap Repayment Of Notes Receivable From Related Parties
RepaymentOfNotesReceivableFromRelatedParties
40000000.0 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-203900000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-186300000 usd
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
1103000000 usd
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
571800000 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
0 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
147400000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
36700000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
5200000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2500000 usd
val Payment For Consent Solicitation Fees
PaymentForConsentSolicitationFees
0 usd
val Payment For Consent Solicitation Fees
PaymentForConsentSolicitationFees
3900000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
341900000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-6400000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
308800000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-220400000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
748500000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
644600000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1057300000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
424200000 usd
CY2022Q2 val Early Termination Fee Received
EarlyTerminationFeeReceived
51000000 usd
CY2023Q3 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
500000 usd
CY2022Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
4600000 usd
CY2023Q3 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
3000000.0 usd
CY2022Q4 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
700000 usd
CY2023Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
103400000 usd
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
78000000.0 usd
CY2023Q3 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
43300000 usd
CY2022Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
41000000.0 usd
CY2022Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
5300000 usd
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
119000000.0 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5300000 usd
val Increase In Contract Liability Due To Revenue Deferred During The Period
IncreaseInContractLiabilityDueToRevenueDeferredDuringThePeriod
119400000 usd
val Contractwith Customer Liability Revenue Recognized Included In Beginning Balance
ContractwithCustomerLiabilityRevenueRecognizedIncludedInBeginningBalance
-53300000 usd
val Contractwith Customer Liability Revenue Recognized Added During Period
ContractwithCustomerLiabilityRevenueRecognizedAddedDuringPeriod
-29900000 usd
us-gaap Contract With Customer Asset Reclassified To Receivable
ContractWithCustomerAssetReclassifiedToReceivable
7100000 usd
val Contract With Customer Liability Reclassified To Payable
ContractWithCustomerLiabilityReclassifiedToPayable
8500000 usd
CY2023Q3 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
3500000 usd
CY2023Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
146700000 usd
CY2023Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
34800000 usd
CY2023Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
95300000 usd
CY2023Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
13400000 usd
CY2023Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
3200000 usd
CY2023Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
146700000 usd
CY2023Q3 val Capitalized Contract Cost Amortization Expense Remainder Of Fiscal Year
CapitalizedContractCostAmortizationExpenseRemainderOfFiscalYear
32900000 usd
CY2023Q3 val Capitalized Contract Cost Amortization Expense Year Two
CapitalizedContractCostAmortizationExpenseYearTwo
54800000 usd
CY2023Q3 val Capitalized Contract Cost Amortization Expense Year Three
CapitalizedContractCostAmortizationExpenseYearThree
10800000 usd
CY2023Q3 val Capitalized Contract Cost Amortization Expense Year Fourand Thereafter
CapitalizedContractCostAmortizationExpenseYearFourandThereafter
4300000 usd
CY2023Q3 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
102800000 usd
CY2023Q3 val Numberof Rigs Ownedby Aro
NumberofRigsOwnedbyARO
7 jackup
CY2023Q3 val Numberof Newbuild Jackup Rigs
NumberofNewbuildJackupRigs
20 jackup
val Order Period
OrderPeriod
P10Y
CY2020Q1 val Aro Rigs Under Construction
ARORigsUnderConstruction
2 drillship
CY2023Q3 val Aro Rigs Under Construction
ARORigsUnderConstruction
2 drillship
CY2023Q3 val Equity Method Investment Summarized Financial Information Accounts Receivable
EquityMethodInvestmentSummarizedFinancialInformationAccountsReceivable
17600000 usd
CY2022Q4 val Equity Method Investment Summarized Financial Information Accounts Receivable
EquityMethodInvestmentSummarizedFinancialInformationAccountsReceivable
12000000.0 usd
CY2023Q3 val Equity Method Investment Summarized Financial Information Contract Liabilities
EquityMethodInvestmentSummarizedFinancialInformationContractLiabilities
13100000 usd
CY2022Q4 val Equity Method Investment Summarized Financial Information Contract Liabilities
EquityMethodInvestmentSummarizedFinancialInformationContractLiabilities
16700000 usd
CY2023Q3 val Equity Method Investment Summarized Financial Information Accounts Payable
EquityMethodInvestmentSummarizedFinancialInformationAccountsPayable
54900000 usd
CY2022Q4 val Equity Method Investment Summarized Financial Information Accounts Payable
EquityMethodInvestmentSummarizedFinancialInformationAccountsPayable
43200000 usd
val Shareholder Notes Payable Term
ShareholderNotesPayableTerm
P10Y
CY2023Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1388000000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1134500000 usd
CY2022Q2 us-gaap Asset Impairment Charges
AssetImpairmentCharges
34500000 usd
CY2023Q3 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
7900000 usd
CY2022Q3 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
5700000 usd
us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
23400000 usd
us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
16800000 usd
CY2023Q3 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
7900000 usd
CY2022Q3 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
9700000 usd
us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
23400000 usd
us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
28800000 usd
CY2023Q3 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
100000 usd
CY2022Q3 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
0 usd
us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
300000 usd
us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
100000 usd
CY2023Q3 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
-100000 usd
CY2022Q3 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
-4000000.0 usd
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
-300000 usd
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
-12100000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
12900000 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
74300000 usd
us-gaap Net Income Loss
NetIncomeLoss
30200000 usd
us-gaap Net Income Loss
NetIncomeLoss
147300000 usd
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
73700000 shares
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
75100000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
74600000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
75000000.0 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
1100000 shares
CY2022Q3 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
500000 shares
us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
1100000 shares
us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
500000 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
74800000 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
75600000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
75700000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
75500000 shares
CY2023Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
35000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
104000 shares
CY2022Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
38000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
103000 shares
CY2023Q3 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
5470950 shares
CY2023Q3 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
131.88
CY2023Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
100000 usd
CY2023Q2 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
300000 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
100000 usd
CY2023Q3 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
4900000 usd
CY2022Q3 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
100000000 usd
CY2023Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
300000000 usd
CY2023Q3 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
1200000 shares
CY2023Q3 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
85000000 usd
CY2023Q3 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
73.30
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
2300000 shares
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
150000000 usd
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
66.24
CY2023Q3 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-2000000 usd
us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-39500000 usd
CY2023Q3 val Income Tax Expense Benefit Excluding Discrete Items
IncomeTaxExpenseBenefitExcludingDiscreteItems
12700000 usd
val Income Tax Expense Benefit Excluding Discrete Items
IncomeTaxExpenseBenefitExcludingDiscreteItems
47100000 usd
CY2023Q3 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
6200000 usd
CY2022Q3 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
1400000 usd
us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-6900000 usd
CY2022Q3 val Income Tax Expense Benefit Excluding Discrete Items
IncomeTaxExpenseBenefitExcludingDiscreteItems
12400000 usd
val Income Tax Expense Benefit Excluding Discrete Items
IncomeTaxExpenseBenefitExcludingDiscreteItems
40200000 usd
CY2023Q3 val Numberof Newbuild Jackup Rigs
NumberofNewbuildJackupRigs
20 jackup
val Order Period
OrderPeriod
P10Y
CY2020Q1 val Percentage Of Down Payment Paid For Aro Newbuilds
PercentageOfDownPaymentPaidForARONewbuilds
0.25
CY2020Q1 val Aro Rigs Under Construction
ARORigsUnderConstruction
2 drillship
CY2023Q3 val Maximum Contingent Contributions To Joint Venture
MaximumContingentContributionsToJointVenture
1250000000 usd
CY2023Q3 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
95800000 usd
CY2023Q3 us-gaap Deposit Liabilities Collateral Issued Financial Instruments
DepositLiabilitiesCollateralIssuedFinancialInstruments
14000000 usd
CY2023Q3 us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
601000000 brl
CY2023Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
40000000.0 usd
CY2023Q3 us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
120000000 usd
CY2019Q4 us-gaap Litigation Settlement Amount Awarded From Other Party
LitigationSettlementAmountAwardedFromOtherParty
200000000 usd
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
4 reportable_segment
us-gaap Revenues
Revenues
1168900000 usd
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
1029800000 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
34500000 usd
us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
67400000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
57000000.0 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
15900000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-3900000 usd
CY2022Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
953600000 usd
CY2023Q3 val Total Number Of Contract Drilling Rigs
TotalNumberOfContractDrillingRigs
51
CY2023Q3 val Number Of Drilling Management Contracts
NumberOfDrillingManagementContracts
2 drillship
CY2023Q3 val Number Of Contracts With Options To Take Delivery
NumberOfContractsWithOptionsToTakeDelivery
2 drillship
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
28500000 usd
CY2023Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
346600000 usd
CY2023Q3 us-gaap Income Tax Receivable
IncomeTaxReceivable
50900000 usd
CY2022Q4 us-gaap Income Tax Receivable
IncomeTaxReceivable
93600000 usd
CY2023Q3 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
508100000 usd
CY2022Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
463900000 usd
CY2023Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
15700000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
14800000 usd
CY2023Q3 us-gaap Receivables Net Current
ReceivablesNetCurrent
492400000 usd
CY2022Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
449100000 usd
CY2023Q3 us-gaap Other Deferred Costs Net
OtherDeferredCostsNet
78900000 usd
CY2022Q4 us-gaap Other Deferred Costs Net
OtherDeferredCostsNet
59100000 usd
CY2023Q3 us-gaap Prepaid Taxes
PrepaidTaxes
48400000 usd
CY2022Q4 us-gaap Prepaid Taxes
PrepaidTaxes
44600000 usd
CY2023Q3 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
23900000 usd
CY2022Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
17500000 usd
CY2023Q3 val Other Assets Other Current
OtherAssetsOtherCurrent
27500000 usd
CY2022Q4 val Other Assets Other Current
OtherAssetsOtherCurrent
27400000 usd
CY2023Q3 us-gaap Other Assets Current
OtherAssetsCurrent
178700000 usd
CY2022Q4 us-gaap Other Assets Current
OtherAssetsCurrent
148600000 usd
CY2023Q3 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
103400000 usd
CY2022Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
78000000.0 usd
CY2023Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
65200000 usd
CY2022Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
55800000 usd
CY2023Q3 us-gaap Taxes Payable Current
TaxesPayableCurrent
54800000 usd
CY2022Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
41400000 usd
CY2023Q3 us-gaap Interest Payable Current
InterestPayableCurrent
41600000 usd
CY2022Q4 us-gaap Interest Payable Current
InterestPayableCurrent
7600000 usd
CY2023Q3 us-gaap Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
24600000 usd
CY2022Q4 us-gaap Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
27200000 usd
CY2023Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
17000000.0 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
9400000 usd
CY2023Q1 us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
45900000 usd
CY2023Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2023Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2022Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
247900000 usd
CY2023Q3 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
234500000 usd
CY2022Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
275000000.0 usd
CY2023Q3 us-gaap Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesNoncurrent
155300000 usd
CY2022Q4 us-gaap Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesNoncurrent
159800000 usd
CY2023Q3 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
43300000 usd
CY2022Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
41000000.0 usd
CY2023Q3 us-gaap Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
49400000 usd
CY2022Q4 us-gaap Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
39800000 usd
CY2023Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
482500000 usd
CY2022Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
515600000 usd
CY2023Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
3600000 usd
CY2022Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
9800000 usd
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
3400000 usd
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
25200000 usd
CY2023Q3 us-gaap Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent
-100000 usd
CY2022Q3 us-gaap Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent
-4000000.0 usd
us-gaap Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent
-300000 usd
us-gaap Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent
-12100000 usd
CY2023Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
CY2022Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-29200000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
CY2023Q3 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
0 usd
CY2022Q3 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
100000 usd
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
27900000 usd
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
137700000 usd
CY2023Q3 val Other Nonoperating Income Expense Other
OtherNonoperatingIncomeExpenseOther
200000 usd
CY2022Q3 val Other Nonoperating Income Expense Other
OtherNonoperatingIncomeExpenseOther
-200000 usd
val Other Nonoperating Income Expense Other
OtherNonoperatingIncomeExpenseOther
1300000 usd
val Other Nonoperating Income Expense Other
OtherNonoperatingIncomeExpenseOther
-2300000 usd
CY2023Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
3900000 usd
CY2022Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
13700000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
3700000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
172700000 usd
CY2023Q3 us-gaap Deposit Liabilities Collateral Issued Financial Instruments
DepositLiabilitiesCollateralIssuedFinancialInstruments
14000000 usd
CY2022Q4 us-gaap Deposit Liabilities Collateral Issued Financial Instruments
DepositLiabilitiesCollateralIssuedFinancialInstruments
20700000 usd

Files In Submission

Name View Source Status
val-20230930_cal.xml Edgar Link unprocessable
val-20230930_lab.xml Edgar Link unprocessable
val-20230930_pre.xml Edgar Link unprocessable
0000314808-23-000130-index-headers.html Edgar Link pending
0000314808-23-000130-index.html Edgar Link pending
0000314808-23-000130.txt Edgar Link pending
0000314808-23-000130-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
val-09302023xexhibit311.htm Edgar Link pending
val-09302023xexhibit312.htm Edgar Link pending
val-09302023xexhibit321.htm Edgar Link pending
val-09302023xexhibit322.htm Edgar Link pending
val-20230930.htm Edgar Link pending
val-20230930.xsd Edgar Link pending
val-20230930_def.xml Edgar Link unprocessable
val-20230930_htm.xml Edgar Link completed