← Valaris Ltd
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||||
| Current assets: | |||||||||||
| Cash and Cash Equivalents, at Carrying Value | $1.2b | $445.4m | $275.1m | $97.2m | $325.8m | $607.6m | $724.1m | $620.5m | $368.2m | $599.4m | |
| Short-term Investments | $1.4b | $440.0m | $329.0m | $0 | — | — | — | — | — | — | |
| Accounts Receivable | — | — | — | — | — | — | $345.7m | $375.2m | $502.4m | $424.1m | |
| Cash And Cash Equivalents | — | — | — | — | — | — | $724.1m | $620.5m | $368.2m | $599.4m | |
| Cash Cash Equivalents And Short Term Investments | — | — | — | — | — | — | $724.1m | $620.5m | $368.2m | $599.4m | |
| Other Current Assets | — | — | — | — | — | — | $27.4m | $29.2m | $26.9m | $28.5m | |
| Other Receivables | — | — | — | — | — | — | $24.6m | $16.2m | $9.2m | $15.8m | |
| Prepaid Assets | — | — | — | — | — | — | $62.1m | $72.7m | $61.5m | $71.5m | |
| Receivables Adjustments Allowances | — | — | — | — | — | — | ($14.8m) | ($15.3m) | ($16.6m) | ($14.9m) | |
| Taxes Receivable | — | — | — | — | — | — | $93.6m | $83.2m | $76.2m | $49.8m | |
| Cash and cash equivalents | $1.2b | $445.4m | $275.1m | $97.2m | $325.8m | $608.7m | $724.1m | $620.5m | $368.2m | $599.4m | |
| Accounts receivable, net | $361.0m | $345.4m | $344.7m | $520.7m | $449.2m | $444.2m | $449.1m | $459.3m | $571.2m | $474.8m | |
| LONG-TERM NOTES RECEIVABLE FROM ARO | $0 | $452.9m | $442.7m | $249.1m | $254.0m | $282.3m | $296.2m | $345.0m | |||
| Inventory, Net | $225.2m | $278.8m | $268.1m | $340.1m | $279.4m | $0 | — | — | — | — | |
| Assets, Current | $3.3b | $1.6b | $1.3b | $1.1b | $1.2b | $1.2b | $1.3b | $1.3b | $1.1b | $1.2b | |
| Total current assets | $3.3b | $1.6b | $1.3b | $1.1b | $1.2b | $1.2b | $1.3b | $1.3b | $1.1b | $1.2b | |
| Property, Plant and Equipment, Net | $10.9b | $12.9b | $12.6b | $15.1b | $11.0b | $909.1m | $977.2m | $1.6b | $1.9b | $2.1b | |
| Operating Lease, Right-of-Use Asset | — | — | — | $58.1m | $35.8m | — | $21.0m | $74.6m | $84.5m | $69.3m | |
| Other Assets, Noncurrent | $175.9m | $140.2m | $97.8m | $188.3m | $176.2m | $165.3m | $171.8m | $154.4m | $149.1m | $159.7m | |
| OTHER ASSETS | $175.9m | $140.2m | $97.8m | $188.3m | $176.2m | $176.0m | $171.8m | $154.4m | $149.1m | $159.7m | |
| Additional Financial Items | |||||||||||
| Accumulated Depreciation | — | — | — | — | — | — | ($157.3m) | ($255.2m) | ($376.5m) | ($509.5m) | |
| Assets Held For Sale Current | — | — | — | — | — | — | — | — | $0 | $6.4m | |
| Capital Lease Obligations | — | — | — | — | — | — | $23.2m | $76.1m | $84.9m | $72.9m | |
| Construction In Progress | — | — | — | — | — | — | $59.8m | $537.0m | $607.6m | $590.3m | |
| Current Accrued Expenses | — | — | — | — | — | — | $34.8m | $35.8m | $54.8m | $36.7m | |
| Current Capital Lease Obligation | — | — | — | — | — | — | $9.4m | $27.2m | $28.0m | $35.6m | |
| Current Debt And Capital Lease Obligation | — | — | — | — | — | — | $9.4m | $27.2m | $28.0m | $35.6m | |
| Current Deferred Assets | — | — | — | — | — | — | $59.1m | $75.3m | $38.6m | $37.7m | |
| Current Deferred Liabilities | — | — | — | — | — | — | $78.0m | $116.2m | $87.2m | $87.7m | |
| Employee Benefits | — | — | — | — | — | — | $159.8m | $141.6m | $106.5m | $68.3m | |
| Gross PPE | — | — | — | — | — | — | $1.1b | $1.9b | $2.3b | $2.6b | |
| Interest Payable | — | — | — | — | — | — | $7.6m | $15.4m | $15.3m | $15.4m | |
| Invested Capital | — | — | — | — | — | — | $1.8b | $3.1b | $3.3b | $4.3b | |
| Investments And Advances | — | — | — | — | — | — | $111.1m | $124.4m | $113.4m | $121.8m | |
| Investments In Other Ventures Under Equity Method | — | — | — | — | — | $86.6m | $111.1m | — | — | — | |
| Long Term Capital Lease Obligation | — | — | — | — | — | — | $13.8m | $48.9m | $56.9m | $37.3m | |
| Long Term Equity Investment | — | — | — | — | — | — | $111.1m | $124.4m | $113.4m | $121.8m | |
| Net Debt | — | — | — | — | — | — | — | $458.8m | $714.5m | $486.6m | |
| Net PPE | — | — | — | — | — | — | $977.2m | $1.6b | $1.9b | $2.1b | |
| Net Tangible Assets | — | — | — | — | — | — | $1.3b | $2.0b | $2.2b | $3.2b | |
| Non Current Deferred Assets | — | — | — | — | — | — | $55.1m | $855.1m | $849.5m | $1.4b | |
| Non Current Deferred Liabilities | — | — | — | — | — | — | $57.1m | $67.5m | $101.5m | $92.9m | |
| Non Current Deferred Taxes Assets | — | — | — | — | — | — | $55.1m | $855.1m | $849.5m | $1.4b | |
| Non Current Note Receivables | — | — | — | — | — | — | $254.0m | $282.3m | $296.2m | $345.0m | |
| Ordinary Shares Number | — | — | — | — | — | — | $75.2m | $72.4m | $71.0m | $69.2m | |
| Other Current Liabilities | — | — | — | — | — | — | $28.5m | $35.5m | $34.6m | $27.9m | |
| Other Equity Adjustments | — | — | — | — | — | — | $14.7m | $25.2m | $34.2m | $60.9m | |
| Other Equity Interest | — | — | — | — | — | — | $16.4m | $16.4m | $16.4m | $16.4m | |
| Other Non Current Assets | — | — | — | — | — | — | $116.7m | $154.4m | $149.1m | $159.7m | |
| Other Non Current Liabilities | — | — | — | — | — | — | $284.9m | $243.6m | $148.4m | $157.0m | |
| Other Properties | — | — | — | — | — | — | $1.1b | $1.4b | $1.7b | $2.0b | |
| Restricted Cash | — | — | — | — | — | — | $24.4m | $15.2m | $12.3m | $7.0m | |
| Share Issued | — | — | — | — | — | — | $75.2m | $75.4m | $76.2m | $76.4m | |
| Tangible Book Value | — | — | — | — | — | — | $1.3b | $2.0b | $2.2b | $3.2b | |
| Tradeand Other Payables Non Current | — | — | — | — | — | $303.4m | $275.0m | — | — | — | |
| Treasury Shares Number | — | — | — | — | — | — | — | $3.0m | $5.2m | $7.2m | |
| Working Capital | — | — | — | — | — | — | $841.8m | $527.9m | $399.2m | $533.7m | |
| Disposal Group, Including Discontinued Operation, Assets | — | — | — | — | — | — | — | — | $0 | $6.4m | |
| Other | $316.0m | $381.2m | $360.9m | $446.5m | $397.9m | $117.8m | $148.6m | $177.2m | $127.0m | $144.7m | |
| Less accumulated depreciation | $2.1b | $2.5b | $2.9b | $3.3b | $2.2b | $66.1m | $157.3m | $255.2m | $376.5m | $509.5m | |
| INVESTMENT IN ARO | $0 | $128.7m | $120.9m | $86.6m | $111.1m | $124.4m | $113.4m | $121.8m | |||
| Deferred Income Tax Assets, Net | — | — | — | — | — | — | $55.1m | $855.1m | $849.5m | $1.4b | |
| OTHER LIABILITIES | $322.5m | $386.7m | $396.0m | $867.4m | $762.4m | $581.1m | $515.6m | $471.7m | $383.2m | $325.8m | |
| Warrants and Rights Outstanding | — | — | — | — | $0 | $16.4m | $16.4m | $16.4m | $16.4m | $16.4m | |
| Total Capitalization | — | — | — | — | — | — | $1.8b | $3.1b | $3.3b | $4.3b | |
| Total Debt | — | — | — | — | — | — | $565.6m | $1.2b | $1.2b | $1.2b | |
| Total Non Current Assets | — | — | — | — | — | — | $1.5b | $3.0b | $3.3b | $4.1b | |
| Total Tax Payable | — | — | — | — | — | — | $41.4m | $52.9m | $57.2m | $73.9m | |
| Total Valaris shareholders' equity | $8.3b | $8.7b | $8.1b | $9.3b | $4.4b | $1.1b | $1.3b | $2.0b | $2.2b | $3.2b | |
| Total equity | $8.3b | $8.7b | $8.1b | $9.3b | $4.4b | $1.1b | $1.3b | $2.0b | $2.2b | $3.2b | |
| Assets | $14.4b | $14.6b | $14.0b | $16.9b | $12.9b | $2.6b | $2.9b | $4.3b | $4.4b | $5.3b | |
| Total Assets | — | — | — | — | — | — | $2.9b | $4.3b | $4.4b | $5.3b | |
| TOTAL ASSETS | $14.4b | $14.6b | $14.0b | $16.9b | $12.9b | $2.6b | $2.9b | $4.3b | $4.4b | $5.3b | |
| LIABILITIES AND EQUITY | |||||||||||
| Current liabilities: | |||||||||||
| Operating Lease, Liability, Current | — | — | — | $21.1m | $15.7m | — | $9.4m | $27.2m | $28.0m | $35.6m | |
| Accounts Payable, Current | $145.9m | $432.6m | $210.5m | $288.2m | $176.4m | $174.1m | $256.5m | $400.1m | $328.5m | $348.2m | |
| Long-term Debt, Current Maturities | $331.9m | $0 | — | $124.8m | $0 | — | — | — | — | — | |
| Operating Lease, Liability, Noncurrent | — | — | — | $51.8m | $21.6m | — | $13.8m | $48.9m | $56.9m | $37.3m | |
| Long-term Debt, Excluding Current Maturities | $4.9b | $4.8b | $5.0b | $5.9b | $0 | $544.8m | $542.4m | $1.1b | $1.1b | $1.1b | |
| Deferred Revenue, Current | $116.7m | $73.0m | $56.9m | $30.0m | $57.6m | — | $78.0m | $116.2m | $87.2m | $87.7m | |
| Deferred Revenue, Noncurrent | $120.9m | $51.2m | $20.5m | $9.7m | $14.3m | — | $78.0m | $116.2m | $87.2m | $87.7m | |
| Payables And Accrued Expenses | — | — | — | — | — | — | $332.7m | $488.8m | $440.5m | $458.8m | |
| Accounts payable - trade | $145.9m | $432.6m | $210.5m | $288.2m | $176.4m | $225.8m | $256.5m | $400.1m | $328.5m | $348.2m | |
| Accrued liabilities and other | $376.6m | $325.9m | $318.0m | $417.7m | $250.4m | $196.2m | $247.9m | $344.2m | $351.0m | $343.4m | |
| Liabilities, Current | $854.4m | $758.5m | $528.5m | $830.7m | $426.8m | $390.6m | $504.4m | $744.3m | $679.5m | $691.6m | |
| Deferred Income Tax Liabilities, Net | — | — | — | — | $13.7m | — | — | $29.9m | $30.1m | $29.7m | |
| Other Liabilities, Noncurrent | $322.5m | $386.7m | $396.0m | $867.4m | $762.4m | $565.4m | $515.6m | $471.7m | $383.2m | $325.8m | |
| Long Term Debt And Capital Lease Obligation | — | — | — | — | — | — | $556.2m | $1.1b | $1.1b | $1.1b | |
| Non Current Deferred Taxes Liabilities | — | — | — | — | — | — | $16.1m | $29.9m | $30.1m | $29.7m | |
| Non Current Pension And Other Postretirement Benefit Plans | — | — | — | — | — | — | $159.8m | $141.6m | $106.5m | $68.3m | |
| Pensionand Other Post Retirement Benefit Plans Current | — | — | — | — | — | — | $55.8m | $76.6m | $89.2m | $81.6m | |
| Deferred Tax Liabilities, Net | $157.2m | $107.8m | $34.8m | $39.9m | — | — | $16.1m | $29.9m | $30.1m | $29.7m | |
| Liabilities | — | — | — | — | — | — | $1.6b | $2.3b | $2.2b | $2.1b | |
| Total Liabilities Net Minority Interest | — | — | — | — | — | — | $1.6b | $2.3b | $2.2b | $2.1b | |
| Stockholders’ equity: | |||||||||||
| Additional Paid in Capital | $6.4b | $7.2b | $7.2b | $8.6b | $8.6b | $1.1b | $1.1b | $1.1b | $1.1b | $1.1b | |
| Retained Earnings (Accumulated Deficit) | $1.9b | $1.5b | $874.2m | $671.7m | ($4.2b) | $0 | $160.1m | $1.0b | $1.4b | $2.4b | |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | $19.0m | $28.6m | $18.2m | $6.2m | ($87.9m) | $0 | $14.7m | $25.2m | $34.2m | $60.9m | |
| Treasury Stock, Common, Value | — | — | — | — | — | — | $0 | $200.1m | $325.1m | $425.1m | |
| Capital Stock | — | — | — | — | — | — | $800k | $800k | $800k | $800k | |
| Gains Losses Not Affecting Retained Earnings | — | — | — | — | — | — | $14.7m | $25.2m | $34.2m | $60.9m | |
| Preferred Stock | — | — | — | — | — | — | $0 | $0 | $0 | $0 | |
| Treasury Stock | — | — | — | — | — | — | $0 | $200.1m | $325.1m | $425.1m | |
| Common Stock, Value, Outstanding | — | — | — | — | — | $800k | $800k | $800k | $800k | $800k | |
| Preferred Stock, Value, Outstanding | — | — | — | — | — | $0 | $0 | $0 | $0 | $0 | |
| Accumulated other comprehensive income | $19.0m | $28.6m | $18.2m | $6.2m | ($87.9m) | ($9.1m) | $14.7m | $25.2m | $34.2m | $60.9m | |
| Treasury Stock, Common, Shares | — | — | — | — | — | — | — | $3.0m | $5.2m | $7.2m | |
| Accumulated Other Comprehensive (Income) Loss, Defined Benefit Plan, after Tax | — | — | — | $21.7m | $98.2m | — | — | — | — | — | |
| Stockholders' Equity Attributable to Parent | $8.3b | $8.7b | $8.1b | $9.3b | $4.4b | $1.1b | $1.3b | $2.0b | $2.2b | $3.2b | |
| Stockholders' Equity Attributable to Noncontrolling Interest | $4.4m | ($2.1m) | ($2.6m) | ($1.3m) | ($4.3m) | ($1.1m) | $8.0m | $9.4m | $5.8m | $2.1m | |
| Minority Interest | — | — | — | — | — | — | $8.0m | $9.4m | $5.8m | $2.1m | |
| NONCONTROLLING INTERESTS | $4.4m | ($2.1m) | ($2.6m) | ($1.3m) | ($4.3m) | $2.7m | $8.0m | $9.4m | $5.8m | $2.1m | |
| Total Equity Gross Minority Interest | — | — | — | — | — | — | $1.3b | $2.0b | $2.2b | $3.2b | |
| Total Non Current Liabilities Net Minority Interest | — | — | — | — | — | — | $1.1b | $1.6b | $1.5b | $1.4b | |
| Liabilities and Equity | $14.4b | $14.6b | $14.0b | $16.9b | $12.9b | $2.6b | $2.9b | $4.3b | $4.4b | $5.3b | |
| Total liabilities and shareholders' equity | $14.4b | $14.6b | $14.0b | $16.9b | $12.9b | $2.6b | $2.9b | $4.3b | $4.4b | $5.3b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.