Seadrill Ltd
For the period ended Dec 31, 2025. Filed Feb 26, 2026.
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FY2025 · Filed Feb 26, 2026
SDRL$43.72+2.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
| Year ended December 31, 2025 | Year ended December 31, 2024 | Year ended December 31, 2023 | |
|---|---|---|---|
| Cash Flows from Operating Activities | |||
| Net (loss)/income | (77) | 446 | 300 |
| Adjustments to reconcile net (loss)/income to net cash (used in)/provided by operating activities: | |||
| Depreciation and amortization | 238 | 168 | 155 |
| Gain on disposals of assets | (1) | (234) | (14) |
| Equity in losses/(earnings) of equity investments (net of tax) | 10 | 9 | (37) |
| Loss on impairment of long-lived assets | 22 | — | — |
| Deferred tax expense/(benefit) | 22 | (13) | (13) |
| Amortization of debt bond issuance costs | 3 | 4 | 2 |
| Share based compensation expense | 20 | 17 | 8 |
| Change in allowance for credit losses | — | — | (1) |
| Other | 23 | 5 | 1 |
| Other cash movements in operating activities: | |||
| Additions to long-term maintenance | (213) | (261) | (108) |
| Changes in operating assets and liabilities, net of effect of acquisition: | |||
| Accounts receivable, net | 23 | 29 | (25) |
| Trade accounts payable | (47) | 65 | (34) |
| Prepaid expenses | 7 | (24) | (1) |
| Deferred revenue | (8) | 22 | 1 |
| Deferred contract costs | 45 | (92) | 25 |
| Related party receivables | — | 9 | 19 |
| Other assets | (9) | 2 | (22) |
| Other liabilities | (86) | (64) | 31 |
| Net cash (used in)/provided by operating activities | (28) | 88 | 287 |
| Cash Flows from Investing Activities | |||
| Additions to drilling units and equipment | (110) | (157) | (101) |
| Proceeds from disposal of assets | 1 | 383 | 14 |
| Proceeds from sales of tender-assist units | — | — | 84 |
| Net proceeds on disposal of business and cash impact from deconsolidation | — | — | 21 |
| Other | (4) | — | 24 |
| Net cash (used in)/provided by investing activities | (113) | 226 | 42 |
| Cash Flows from Financing Activities | |||
| Taxes withheld on employee stock transactions | (3) | — | — |
| Shares repurchased | — | (532) | (263) |
| Proceeds from debt | — | — | 576 |
| Repayments of secured credit facilities | — | — | (478) |
| Share issuance costs | — | — | (4) |
| Debt issuance costs | — | — | (31) |
| Net cash used in financing activities | (3) | (532) | (200) |
| Effect of exchange rate changes on cash and cash equivalents | 4 | (5) | 1 |
| Net (decrease)/increase in cash and cash equivalents, including restricted cash | (140) | (223) | 130 |
| Cash and cash equivalents, including restricted cash, at beginning of the year | 505 | 728 | 598 |
| Cash and cash equivalents, including restricted cash, at the end of year | 365 | 505 | 728 |
| Supplementary disclosure of cash flow information | |||
| Interest paid | (53) | (54) | (36) |
| Net taxes paid | (12) | (17) | (24) |
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