Transocean Ltd.

For the period ended Jun 30, 2025. Filed Aug 5, 2025.

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.

Jun 30, 2025 · Filed Aug 5, 2025

RIG$5.17-1.3%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Condensed Consolidated Balance Sheets

(in millions, except share data)


· · June 30, · · December 31, ·
· 2025 · 2024
Assets
Cash and cash equivalents	$377	$560
Accounts receivable, net of allowance of $2 at June 30, 2025 and December 31, 2024	577	564
Materials and supplies, net of allowance of $167 and $178 at June 30, 2025 and December 31, 2024, respectively	427	439
Assets held for sale	43	343
Restricted cash and cash equivalents	395	381
Other current assets	181	165
Total current assets	2,000	2,452

Property and equipment	20,957	22,417
Less accumulated depreciation	(6,205)	(6,586)
Property and equipment, net	14,752	15,831

Deferred tax assets, net	48	45
Other assets	1,011	1,043
Total assets	$17,811	$19,371

Liabilities and equity
Accounts payable	$253	$255
Accrued income taxes	8	31
Debt due within one year	666	686
Other current liabilities	655	691
Total current liabilities	1,582	1,663

Long-term debt	5,885	6,195
Deferred tax liabilities, net	345	499
Other long-term liabilities	645	729
Total long-term liabilities	6,875	7,423

Commitments and contingencies

Shares, $0.10 par value, 1,204,009,681 authorized, 141,262,093 conditionally authorized, 1,204,009,681 issued
and 902,249,348 outstanding at June 30, 2025, and 1,057,879,029 authorized, 141,262,093 conditionally authorized,
940,828,901 issued and 875,830,772 outstanding at December 31, 2024	90	87
Additional paid-in capital	14,966	14,880
Accumulated deficit	(5,562)	(4,545)
Accumulated other comprehensive loss	(141)	(138)
Total controlling interest shareholders’ equity	9,353	10,284
Noncontrolling interest	1	1
Total equity	9,354	10,285
Total liabilities and equity	$17,811	$19,371

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.