Transocean Ltd.

For the period ended Sep 30, 2025. Filed Oct 30, 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.

Sep 30, 2025 · Filed Oct 30, 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)


· · September 30, · · December 31, ·
· 2025 · 2024
Assets
Cash and cash equivalents	$833	$560
Accounts receivable, net of allowance of $2 at September 30, 2025 and December 31, 2024	574	564
Materials and supplies, net of allowance of $138 and $178 at September 30, 2025 and December 31, 2024, respectively	382	439
Assets held for sale	48	343
Restricted cash and cash equivalents	417	381
Other current assets	163	165
Total current assets	2,417	2,452

Property and equipment	17,428	22,417
Less accumulated depreciation	(4,740)	(6,586)
Property and equipment, net	12,688	15,831

Deferred tax assets, net	95	45
Other assets	974	1,043
Total assets	$16,174	$19,371

Liabilities and equity
Accounts payable	$232	$255
Accrued income taxes	5	31
Debt due within one year	1,372	686
Other current liabilities	626	691
Total current liabilities	2,235	1,663

Long-term debt	4,849	6,195
Deferred tax liabilities, net	403	499
Other long-term liabilities	609	729
Total long-term liabilities	5,861	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 1,100,992,035 outstanding at September 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	110	87
Additional paid-in capital	15,596	14,880
Accumulated deficit	(7,485)	(4,545)
Accumulated other comprehensive loss	(143)	(138)
Total controlling interest shareholders’ equity	8,078	10,284
Noncontrolling interest	—	1
Total equity	8,078	10,285
Total liabilities and equity	$16,174	$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.