Transocean Ltd.
For the period ended May 22, 2026. Filed Mar 31, 2026.
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May 22, 2026 · Filed Mar 31, 2026
RIG$5.24+2.7%Stored close · as of Nov 6, 2026
Contents
APPENDIX A
TRANSOCEAN LTD. AND SUBSIDIARIES
NON-GAAP FINANCIAL MEASURES AND RECONCILIATIONS
EARNINGS BEFORE INTEREST, TAXES, DEPRECIATION AND AMORTIZATION AND RELATED MARGINS
(in millions, except percentages)
| | | | | |
|---|---|---|---|---|
| · · Year ended | ||||
| | | December 31, 2025 | ||
| | | | | |
| Contract drilling revenues | | $3,695 | | |
| | | | | |
| Net loss | | $(2,915) | | |
| Interest expense, net of interest income | | 515 | | |
| Income tax benefit | | (33) | | |
| Depreciation and amortization | | 659 | | |
| EBITDA | | (1,774) | | |
| | | | | |
| Restructuring costs | | | 3 | |
| Loss on impairment of assets | | | 3,049 | |
| Gain on disposal of assets, net | | (4) | | |
| Gain on retirement of debt | | (3) | | |
| Loss on conversion of debt to equity | | 99 | | |
| Adjusted EBITDA | | $1,370 | | |
| | | | | |
| Loss Margin | | (73.5)% | ||
| EBITDA Margin | | (44.8)% | ||
| Adjusted EBITDA Margin | | 34.6% | ||
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| FREE CASH FLOW | | | | |
| (in millions) | | | | |
| | | | | |
| | | Year ended | ||
| | | December 31, 2025 | | |
| | | | | |
| Cash provided by operating activities | | $749 | | |
| Capital expenditures | | | (123) | |
| Free Cash Flow | | $626 | | |
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Transocean 2026 APA-1 Proxy Statement
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.