Transocean Ltd

For the period ended Mar 31, 2024. Filed Apr 30, 2024.

About 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 exhibits

Contents

Condensed Consolidated Statements of Operations

(in millions, except per share data)


· · Three months ended ·
· · March 31, ·
· 2024 · 2023

Contract drilling revenues	$763	$649

Costs and expenses
Operating and maintenance	523	409
Depreciation and amortization	185	182
General and administrative	52	45
	760	636

Loss on disposal of assets, net	(6)	(170)
Operating loss	(3)	(157)

Other income (expense), net
Interest income	15	19
Interest expense, net of amounts capitalized	(117)	(249)
Loss on retirement of debt	—	(32)
Other, net	12	5
	(90)	(257)
Loss before income tax expense (benefit)	(93)	(414)
Income tax expense (benefit)	(191)	51

Net income (loss)	98	(465)
Net income attributable to noncontrolling interest	—	—
Net income (loss) attributable to controlling interest	$98	$(465)

Earnings (loss) per share
Basic	$0.12	$(0.64)
Diluted	$0.11	$(0.64)

Weighted-average shares outstanding
Basic	819	728
Diluted	955	728

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.