Transocean Ltd.
For the period ended Sep 30, 2026. Filed Nov 3, 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.
Sep 30, 2026 · Filed Nov 3, 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
| | | | | | | | |
|---|---|---|---|---|---|---|---|
| · · Nine months ended · | |||||||
| · · September 30, · | |||||||
| · · 2026 · · 2025 · | |||||||
| Cash flows from operating activities | | | | | | | |
| Net income (loss) | $267 | | $(2,940) | | |||
| Adjustments to reconcile to net cash provided by operating activities: | | | | | | | |
| Depreciation and amortization | | | 437 | | | 512 | |
| Share-based compensation expense | | | 27 | | | 26 | |
| Loss on impairment of assets | | | — | | | 3,049 | |
| Gain on disposal of assets, net | | | (5) | | | (8) | |
| Amortization of debt-related balances, net | | | 29 | | | 36 | |
| (Gain) loss on adjustment to bifurcated compound exchange feature | | | 41 | | | (51) | |
| Loss on retirement of debt | | | 11 | | | — | |
| Loss on conversion of debt to equity | | | — | | | 99 | |
| Gain on disposal of investment in equity of unconsolidated affiliate | | | (19) | | | — | |
| Deferred income tax benefit | | | (190) | | | (146) | |
| Other, net | | | 104 | | | 13 | |
| Changes in contract liabilities, net | | | (88) | | | (136) | |
| Changes in deferred costs, net | | | 49 | | | 53 | |
| Changes in other operating assets and liabilities, net | | | (89) | | | (107) | |
| Net cash provided by operating activities | | | 574 | | | 400 | |
| | | | | | | | |
| Cash flows from investing activities | | | | | | | |
| Capital expenditures | | | (95) | | | (95) | |
| Deposits to short-term investments | | | (50) | | | — | |
| Investment in equity of unconsolidated affiliates | | | (2) | | | — | |
| Proceeds from disposal of assets, net of costs to sell | | | 31 | | | 44 | |
| Proceeds from disposal of investment in equity of unconsolidated affiliates | | | 39 | | | 4 | |
| Proceeds from disposal of investment in debt of unconsolidated affiliate | | | 13 | | | — | |
| Net cash used in investing activities | | | (64) | | | (47) | |
| | | | | | | | |
| Cash flows from financing activities | | | | | | | |
| Repayments of debt | | | (718) | | | (450) | |
| Proceeds from issuance of shares, net of issue costs | | | — | | | 421 | |
| Other, net | | | (5) | | | (15) | |
| Net cash used in financing activities | | | (723) | | | (44) | |
| | | | | | | | |
| Net increase (decrease) in unrestricted and restricted cash and cash equivalents | | | (213) | | | 309 | |
| Unrestricted and restricted cash and cash equivalents, beginning of period | | | 997 | | | 941 | |
| Unrestricted and restricted cash and cash equivalents, end of period | $784 | | $1,250 | | |||
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NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
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