← Borr Drilling Ltd
| Annual Trend | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | $27.9m | $59.1m | $19.2m | $34.9m | $108.0m | $102.5m | $61.6m | $379.7m | |
| Trade receivables, net | $25.1m | $40.2m | $22.9m | $28.5m | $43.0m | $246.2m | $354.5m | $194.1m | |
| Prepaid expenses | $10.8m | $8.1m | $6.4m | $6.6m | $9.6m | $11.0m | $8.4m | $8.3m | |
| Other current assets | $20.5m | $26.9m | $16.4m | $15.0m | $25.4m | $32.0m | $28.0m | $23.1m | |
| Total current assets | $208.6m | $277.9m | $140.8m | $176.2m | $349.9m | $409.9m | $516.6m | $768.4m | |
| Property, plant and equipment | $9.5m | $7.3m | $5.6m | $3.7m | $3.9m | $3.5m | $2.8m | $2.0m | |
| Restricted cash | $63.4m | $69.4m | $0 | $3.3m | $2.5m | $100k | $900k | $1.0m | |
| Deferred mobilization and contract preparation cost | $5.1m | $3.5m | $0 | $17.2m | $38.4m | $39.4m | $40.6m | $29.3m | |
| Jack-up drilling rigs, net | $2.3b | $2.7b | $2.8b | $2.7b | $2.6b | $2.6b | $2.8b | $2.7b | |
| Equity method investments | $0 | $31.4m | $62.7m | $19.4m | $20.6m | $15.7m | $14.5m | $11.8m | |
| Other non-current assets | $19.6m | $15.2m | $1.9m | $6.9m | $26.7m | $67.3m | $62.5m | $100.7m | |
| Trade payables | $9.6m | $14.1m | $20.4m | $34.7m | $47.7m | $35.5m | $81.6m | $33.8m | |
| Short-term deferred mobilization, demobilization and other revenue | — | — | — | $3.9m | $57.3m | $59.5m | $27.1m | $24.2m | |
| Other current liabilities | $3.1m | $19.7m | $14.0m | $22.3m | $36.2m | $63.2m | $84.2m | $56.2m | |
| Long-term deferred mobilization, demobilization and other revenue | — | — | — | $2.5m | $68.7m | $56.6m | $21.0m | $29.5m | |
| Other non-current liabilities | $8.0m | $22.7m | $19.7m | $15.2m | $14.3m | $5.8m | $3.2m | $1.8m | |
| Share Capital - Common shares of par value $0.10 per share: authorized 365,000,000 (315,000,000 in 2024), issued 315,400,000 (264,080,391 in 2024) and outstanding 307,215,419 (244,926,821 in 2024) shares | 5.3m | 5.6m | 11.0m | 13.8m | 23.0m | 26.5m | 26.5m | 31.6m | |
| Treasury shares | ($26.2m) | ($26.2m) | ($26.2m) | ($13.7m) | ($9.8m) | ($8.9m) | ($20.9m) | ($18.1m) | |
| Contributed surplus | — | — | — | — | $0 | $2.0b | $1.9b | $1.9b | |
| Ordinary shares, par value (in dollars per share) | — | — | — | — | — | — | $0.10 | $0.10 | |
| Total non-current assets | $2.7b | $3.0b | $3.0b | $2.9b | $2.7b | $2.7b | $2.9b | $2.9b | |
| Total non-current liabilities | $1.3b | $1.7b | $2.0b | $2.1b | $1.4b | $1.7b | $2.0b | $2.1b | |
| Total equity | $1.5b | $1.3b | $1.0b | $889.9m | $897.8m | $984.0m | $993.3m | $1.2b | |
| Total assets | $2.9b | $3.3b | $3.2b | $3.1b | $3.0b | $3.1b | $3.4b | $3.6b | |
| Accrued revenue | $18.9m | $31.7m | $20.3m | $20.2m | $57.4m | $73.7m | $107.7m | $132.9m | |
| Accrued expenses | $63.7m | $62.1m | $51.7m | $60.9m | $80.8m | $77.0m | $68.0m | $76.0m | |
| Short-term accrued interest and other items | — | — | — | $15.3m | $77.7m | $42.3m | $30.6m | $31.2m | |
| Short-term debt | — | — | — | $0 | $445.9m | $82.9m | $118.1m | $129.3m | |
| Total current liabilities | $119.3m | $249.7m | $96.0m | $117.9m | $745.6m | $360.4m | $409.6m | $350.7m | |
| Long-term debt | $1.2b | $1.7b | $1.9b | $1.9b | $1.2b | $1.6b | $2.0b | $2.0b | |
| Total liabilities | $1.4b | $2.0b | $2.1b | $2.2b | $2.1b | $2.1b | $2.4b | $2.4b | |
| Additional paid in capital | $1.8b | $1.9b | $1.9b | $2.0b | $2.3b | $337.2m | $340.8m | $521.9m | |
| Accumulated deficit | ($279.2m) | ($576.7m) | ($895.2m) | ($1.1b) | ($1.4b) | ($1.4b) | ($1.3b) | ($1.2b) | |
| Total liabilities and equity | $2.9b | $3.3b | $3.2b | $3.1b | $3.0b | $3.1b | $3.4b | $3.6b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.