Transocean Ltd
For the period ended May 16, 2024. Filed Mar 26, 2024.
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May 16, 2024 · Filed Mar 26, 2024
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 | |||||
| · 12/31/23 | |||||
| | |||||
| Contract drilling revenues | $2,832 | ||||
| Contract intangible amortization | | 52 | |||
| Adjusted Contract Drilling Revenues | $2,884 | ||||
| | |||||
| Net loss | $(954) | ||||
| Interest expense, net of interest income | | 594 | |||
| Income tax expense | | 13 | |||
| Depreciation and amortization | | 744 | |||
| | Contract intangible amortization | | | 52 | |
| EBITDA | | 449 | |||
| | |||||
| | Loss on impairment of assets | | | 57 | |
| | Loss on disposal of assets, net | | | 169 | |
| | Loss on impairment of investment in unconsolidated affiliate | | | 5 | |
| | Loss on conversion of debt to equity | | | 27 | |
| Loss on retirement of debt | | 31 | |||
| Adjusted EBITDA | $738 | ||||
| | |||||
| | |||||
| Loss Margin | | | (33.7)% | ||
| EBITDA Margin | | 15.6% | |||
| Adjusted EBITDA Margin | | | 25.6% | ||
| · · | |||||
| | | | | | |
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