Transocean Ltd
For the period ended Jun 30, 2024. Filed Aug 1, 2024.
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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.
Jun 30, 2024 · Filed Aug 1, 2024
RIG$5.18+0.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
| | | | | | | | |
|---|---|---|---|---|---|---|---|
| · · Six months ended · | |||||||
| · · June 30, · | |||||||
| · 2024 · 2023 | |||||||
| Cash flows from operating activities | | | | | | | |
| Net loss | $(25) | | $(630) | | |||
| Adjustments to reconcile to net cash provided by operating activities: | | | | | | | |
| Amortization of contract intangible asset | | | 4 | | | 37 | |
| Depreciation and amortization | | | 369 | | | 368 | |
| Share-based compensation expense | | | 26 | | | 20 | |
| Loss on impairment of assets | | | 143 | | | 53 | |
| Loss on impairment of investment in unconsolidated affiliate | | | 5 | | | — | |
| Loss on disposal of assets, net | | | 6 | | | 170 | |
| Fair value adjustment to bifurcated compound exchange feature | | | (79) | | | 179 | |
| Amortization of debt-related balances, net | | | 26 | | | 25 | |
| (Gain) loss on retirement of debt | | | (140) | | | 32 | |
| Deferred income tax expense (benefit) | | | (56) | | | 27 | |
| Other, net | | | (3) | | | 21 | |
| Changes in deferred revenues, net | | | 97 | | | 27 | |
| Changes in deferred costs, net | | | (49) | | | (37) | |
| Changes in other operating assets and liabilities, net | | | (277) | | | (182) | |
| Net cash provided by operating activities | | | 47 | | | 110 | |
| | | | | | | | |
| Cash flows from investing activities | | | | | | | |
| Capital expenditures | | | (167) | | | (157) | |
| Investment in loan to unconsolidated affiliate | | | (3) | | | — | |
| Investment in equity of unconsolidated affiliate | | | — | | | (10) | |
| Proceeds from disposal of assets, net | | | 51 | | | 4 | |
| Cash acquired in acquisition of unconsolidated affiliate | | | 5 | | | — | |
| Net cash used in investing activities | | | (114) | | | (163) | |
| | | | | | | | |
| Cash flows from financing activities | | | | | | | |
| Repayments of debt | | | (1,815) | | | (1,568) | |
| Proceeds from issuance of debt, net of issue costs | | | 1,767 | | | 1,665 | |
| Other, net | | | (5) | | | (1) | |
| Net cash provided by (used in) financing activities | | | (53) | | | 96 | |
| | | | | | | | |
| Net increase (decrease) in unrestricted and restricted cash and cash equivalents | | | (120) | | | 43 | |
| Unrestricted and restricted cash and cash equivalents, beginning of period | | | 995 | | | 991 | |
| Unrestricted and restricted cash and cash equivalents, end of period | $875 | | $1,034 | | |||
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NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
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