Transocean Ltd
For the period ended Mar 31, 2024. Filed Apr 30, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed Apr 30, 2024
RIG$5.18+0.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows
| | | | | | | | |
|---|---|---|---|---|---|---|---|
| · · Three months ended · | |||||||
| · · March 31, · | |||||||
| · 2024 · 2023 | |||||||
| Cash flows from operating activities | | | | | | | |
| Net income (loss) | | $98 | | $(465) | | ||
| Adjustments to reconcile to net cash used in operating activities: | | | | | | | |
| Amortization of contract intangible asset | | | 4 | | | 18 | |
| Depreciation and amortization | | | 185 | | | 182 | |
| Share-based compensation expense | | | 11 | | | 9 | |
| Loss on impairment of investment in unconsolidated affiliate | | | 1 | | | — | |
| Loss on disposal of assets, net | | | 6 | | | 170 | |
| Fair value adjustment to bifurcated compound exchange feature | | | (10) | | | 133 | |
| Amortization of debt-related balances, net | | | 13 | | | 13 | |
| Loss on retirement of debt | | | — | | | 32 | |
| Deferred income tax expense (benefit) | | | (164) | | | 36 | |
| Other, net | | | 4 | | | 14 | |
| Changes in deferred revenues, net | | | 77 | | | 6 | |
| Changes in deferred costs, net | | | (38) | | | (24) | |
| Changes in other operating assets and liabilities, net | | | (273) | | | (171) | |
| Net cash used in operating activities | | | (86) | | | (47) | |
| | | | | | | | |
| Cash flows from investing activities | | | | | | | |
| Capital expenditures | | | (83) | | | (81) | |
| Investment in loan to unconsolidated affiliate | | | (2) | | | — | |
| Investment in equity of unconsolidated affiliate | | | — | | | (10) | |
| Proceeds from disposal of assets, net | | | 44 | | | 1 | |
| Net cash used in investing activities | | | (41) | | | (90) | |
| | | | | | | | |
| Cash flows from financing activities | | | | | | | |
| Repayments of debt | | | (151) | | | (1,564) | |
| Proceeds from issuance of debt, net of issue costs | | | — | | | 1,665 | |
| Other, net | | | (1) | | | — | |
| Net cash provided by (used in) financing activities | | | (152) | | | 101 | |
| | | | | | | | |
| Net decrease in unrestricted and restricted cash and cash equivalents | | | (279) | | | (36) | |
| Unrestricted and restricted cash and cash equivalents, beginning of period | | | 995 | | | 991 | |
| Unrestricted and restricted cash and cash equivalents, end of period | | $716 | | $955 | | ||
- 5 -
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.