Transocean Ltd.
For the period ended Mar 31, 2026. Filed May 5, 2026.
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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.
Mar 31, 2026 · Filed May 5, 2026
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
| | | | | | | | |
|---|---|---|---|---|---|---|---|
| · · Three months ended · | |||||||
| · · March 31, · | |||||||
| · · 2026 · · 2025 · | |||||||
| Cash flows from operating activities | | | | | | | |
| Net income (loss) | $71 | | $(79) | | |||
| Adjustments to reconcile to net cash provided by operating activities: | | | | | | | |
| Depreciation and amortization | | | 143 | | | 176 | |
| Share-based compensation expense | | | 8 | | | 8 | |
| Gain on disposal of assets, net | | | (4) | | | (2) | |
| Amortization of debt-related balances, net | | | 10 | | | 13 | |
| (Gain) loss on adjustment to bifurcated compound exchange feature | | | 153 | | | (36) | |
| Loss on retirement of debt | | | 11 | | | — | |
| Deferred income tax expense (benefit) | | | (73) | | | 15 | |
| Other, net | | | (1) | | | 4 | |
| Changes in contract liabilities, net | | | (42) | | | (38) | |
| Changes in deferred costs, net | | | 31 | | | (12) | |
| Changes in other operating assets and liabilities, net | | | (143) | | | (23) | |
| Net cash provided by operating activities | | | 164 | | | 26 | |
| | | | | | | | |
| Cash flows from investing activities | | | | | | | |
| Capital expenditures | | | (28) | | | (60) | |
| Proceeds from disposal of assets, net of costs to sell | | | 25 | | | 2 | |
| Proceeds from disposal of investment in note receivable from unconsolidated affiliate | | | 13 | | | — | |
| Net cash provided by (used in) investing activities | | | 10 | | | (58) | |
| | | | | | | | |
| Cash flows from financing activities | | | | | | | |
| Repayments of debt | | | (556) | | | (210) | |
| Other, net | | | — | | | (8) | |
| Net cash used in financing activities | | | (556) | | | (218) | |
| | | | | | | | |
| Net decrease in unrestricted and restricted cash and cash equivalents | | | (382) | | | (250) | |
| Unrestricted and restricted cash and cash equivalents, beginning of period | | | 997 | | | 941 | |
| Unrestricted and restricted cash and cash equivalents, end of period | $615 | | $691 | | |||
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NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
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