Transocean Ltd

For the period ended Sep 30, 2024. Filed Oct 31, 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.

Sep 30, 2024 · Filed Oct 31, 2024

RIG$5.18+0.2%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Operations

(in millions, except per share data)


· · Three months ended · · Nine months ended ·
· · September 30, · · September 30, ·
· 2024 · 2023 · 2024 · 2023

Contract drilling revenues	$948	$713	$2,572	$2,091

Costs and expenses
Operating and maintenance	563	524	1,620	1,417
Depreciation and amortization	190	192	559	560
General and administrative	47	44	158	137
	800	760	2,337	2,114

Loss on impairment of assets	(629)	(5)	(772)	(58)
Loss on disposal of assets, net	(4)	(3)	(10)	(173)
Operating loss	(485)	(55)	(547)	(254)

Other income (expense), net
Interest income	11	12	40	42
Interest expense, net of amounts capitalized	(80)	(232)	(271)	(649)
Gain (loss) on retirement of debt	21	—	161	(32)
Other, net	8	12	32	35
	(40)	(208)	(38)	(604)
Loss before income tax benefit	(525)	(263)	(585)	(858)
Income tax benefit	(31)	(43)	(66)	(8)

Net loss	(494)	(220)	(519)	(850)
Net income attributable to noncontrolling interest	—	—	—	—
Net loss attributable to controlling interest	$(494)	$(220)	$(519)	$(850)

Loss per share
Basic	$(0.56)	$(0.28)	$(0.62)	$(1.13)
Diluted	$(0.58)	$(0.28)	$(0.65)	$(1.13)

Weighted-average shares outstanding
Basic	879	774	840	755
Diluted	954	774	915	755

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.