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Guarantee Of Registered Securities | 12 Months Ended
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Dec. 31, 2018
Guarantees [Abstract] |
Guarantee Of Registered Securities | GUARANTEE OF REGISTERED SECURITIES In connection with the Pride acquisition, Ensco plc and Pride entered into a supplemental indenture to the indenture dated as of July 1, 2004 between Pride and the Bank of New York Mellon, as indenture trustee, providing for, among other matters, the full and unconditional guarantee by Ensco plc of Pride’s 6.875% senior notes due 2020 and 7.875% senior notes due 2040, which had an aggregate outstanding principal balance of $422.9 million as of December 31, 2018. The Ensco plc guarantee provides for the unconditional and irrevocable guarantee of the prompt payment, when due, of any amount owed to the holders of the notes. Ensco plc is also a full and unconditional guarantor of the 7.2% Debentures due 2027 issued by Ensco International Incorporated in November 1997, which had an aggregate outstanding principal balance of $150.0 million as of December 31, 2018. Pride (formerly Pride International, Inc.) and Ensco International Incorporated are 100% owned subsidiaries of Ensco plc. All guarantees are unsecured obligations of Ensco plc ranking equal in right of payment with all of its existing and future unsecured and unsubordinated indebtedness. The following tables present our condensed consolidating statements of operations for each of the years in the three-year period ended December 31, 2018; our condensed consolidating statements of comprehensive income (loss) for each of the years in the three-year period ended December 31, 2018; our condensed consolidating balance sheets as of December 31, 2018 and 2017; and our condensed consolidating statements of cash flows for each of the years in the three-year period ended December 31, 2018, in accordance with Rule 3-10 of Regulation S-X.
ENSCO PLC AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS Year Ended December 31, 2018 (in millions)
| Ensco plc |  | ENSCO International Incorporated |  | Pride International LLC |  | Other Non-guarantor Subsidiaries of Ensco |  | Consolidating Adjustments |  | Total
OPERATING REVENUES | $ | 49.5 |  |  | $ | 155.2 |  |  | $ | — |  |  | $ | 1,802.8 |  |  | $ | (302.1 | ) |  | $ | 1,705.4 |
OPERATING EXPENSES |  |  |  |  |  |  |  |  |  |  |
Contract drilling (exclusive of depreciation) | 51.0 |  |  | 139.5 |  |  | — |  |  | 1,431.0 |  |  | (302.1 | ) |  | 1,319.4 |
Loss on impairment | — |  |  | — |  |  | — |  |  | 40.3 |  |  | — |  |  | 40.3 |
Depreciation | — |  |  | 14.2 |  |  | — |  |  | 464.7 |  |  | — |  |  | 478.9 |
General and administrative | 46.3 |  |  | .4 |  |  | — |  |  | 56.0 |  |  | — |  |  | 102.7 |
OPERATING INCOME (LOSS) | (47.8 | ) |  | 1.1 |  |  | — |  |  | (189.2 | ) |  | — |  |  | (235.9 | )
OTHER INCOME (EXPENSE), NET | 2.7 |  |  | (135.2 | ) |  | (89.0 | ) |  | (109.0 | ) |  | 27.5 |  |  | (303.0 | )
LOSS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES | (45.1 | ) |  | (134.1 | ) |  | (89.0 | ) |  | (298.2 | ) |  | 27.5 |  |  | (538.9 | )
INCOME TAX EXPENSE | — |  |  | 43.3 |  |  | — |  |  | 46.3 |  |  | — |  |  | 89.6 |
DISCONTINUED OPERATIONS, NET | — |  |  | — |  |  | — |  |  | (8.1 | ) |  | — |  |  | (8.1 | )
EQUITY EARNINGS (LOSSES) IN AFFILIATES, NET OF TAX | (594.6 | ) |  | 121.8 |  |  | 93.3 |  |  | — |  |  | 379.5 |  |  | — |
NET INCOME (LOSS) | (639.7 | ) |  | (55.6 | ) |  | 4.3 |  |  | (352.6 | ) |  | 407.0 |  |  | (636.6 | )
NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS | — |  |  | — |  |  | — |  |  | (3.1 | ) |  | — |  |  | (3.1 | )
NET INCOME (LOSS) ATTRIBUTABLE TO ENSCO | $ | (639.7 | ) |  | $ | (55.6 | ) |  | $ | 4.3 |  |  | $ | (355.7 | ) |  | $ | 407.0 |  |  | $ | (639.7 | )
ENSCO PLC AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS Year Ended December 31, 2017 (in millions)
| Ensco plc |  | ENSCO International Incorporated |  | Pride International LLC |  | Other Non-guarantor Subsidiaries of Ensco |  | Consolidating Adjustments |  | Total
OPERATING REVENUES | $ | 52.9 |  |  | $ | 163.3 |  |  | $ | — |  |  | $ | 1,941.2 |  |  | $ | (314.4 | ) |  | $ | 1,843.0 |
OPERATING EXPENSES |  |  |  |  |  |  |  |  |  |  |  |
Contract drilling (exclusive of depreciation) | 50.0 |  |  | 149.9 |  |  | — |  |  | 1,304.0 |  |  | (314.4 | ) |  | 1,189.5 |
Loss on impairment | — |  |  | — |  |  | — |  |  | 182.9 |  |  | — |  |  | 182.9 |
Depreciation | — |  |  | 15.9 |  |  | — |  |  | 428.9 |  |  | — |  |  | 444.8 |
General and administrative | 45.4 |  |  | 50.8 |  |  | — |  |  | 61.6 |  |  | — |  |  | 157.8 |
OPERATING LOSS | (42.5 | ) |  | (53.3 | ) |  | — |  |  | (36.2 | ) |  | — |  |  | (132.0 | )
OTHER INCOME (EXPENSE), NET | (6.8 | ) |  | (110.5 | ) |  | (71.7 | ) |  | 110.5 |  |  | 14.5 |  |  | (64.0 | )
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES | (49.3 | ) |  | (163.8 | ) |  | (71.7 | ) |  | 74.3 |  |  | 14.5 |  |  | (196.0 | )
INCOME TAX EXPENSE | — |  |  | 45.0 |  |  | — |  |  | 64.2 |  |  | — |  |  | 109.2 |
DISCONTINUED OPERATIONS, NET | — |  |  | — |  |  | — |  |  | 1.0 |  |  | — |  |  | 1.0 |
EQUITY EARNINGS (LOSSES) IN AFFILIATES, NET OF TAX | (254.4 | ) |  | 129.6 |  |  | 84.2 |  |  | — |  |  | 40.6 |  |  | — |
NET INCOME (LOSS) | (303.7 | ) |  | (79.2 | ) |  | 12.5 |  |  | 11.1 |  |  | 55.1 |  |  | (304.2 | )
NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS | — |  |  | — |  |  | — |  |  | .5 |  |  | — |  |  | .5 |
NET INCOME (LOSS) ATTRIBUTABLE TO ENSCO | $ | (303.7 | ) |  | $ | (79.2 | ) |  | $ | 12.5 |  |  | $ | 11.6 |  |  | $ | 55.1 |  |  | $ | (303.7 | )
ENSCO PLC AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS Year Ended December 31, 2016 (in millions)
| Ensco plc |  | ENSCO International Incorporated |  | Pride International LLC |  | Other Non-guarantor Subsidiaries of Ensco |  | Consolidating Adjustments |  | Total
OPERATING REVENUES | $ | 27.9 |  |  | $ | 144.4 |  |  | $ | — |  |  | $ | 2,897.4 |  |  | $ | (293.3 | ) |  | $ | 2,776.4 |
OPERATING EXPENSES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Contract drilling (exclusive of depreciation) | 27.3 |  |  | 144.8 |  |  | .1 |  |  | 1,422.1 |  |  | (293.3 | ) |  | 1,301.0 |
Depreciation | — |  |  | 17.2 |  |  | .4 |  |  | 427.7 |  |  | — |  |  | 445.3 |
General and administrative | 36.2 |  |  | .2 |  |  | — |  |  | 64.4 |  |  | — |  |  | 100.8 |
OPERATING INCOME (LOSS) | (35.6 | ) |  | (17.8 | ) |  | (0.5 | ) |  | 983.2 |  |  | — |  |  | 929.3 |
OTHER INCOME (EXPENSE), NET | 152.9 |  |  | (79.0 | ) |  | (76.6 | ) |  | 7.8 |  |  | 63.1 |  |  | 68.2 |
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES | 117.3 |  |  | (96.8 | ) |  | (77.1 | ) |  | 991.0 |  |  | 63.1 |  |  | 997.5 |
INCOME TAX EXPENSE (BENEFIT) | — |  |  | .7 |  |  | (.6 | ) |  | 108.4 |  |  | — |  |  | 108.5 |
DISCONTINUED OPERATIONS, NET | — |  |  | — |  |  | — |  |  | 8.1 |  |  | — |  |  | 8.1 |
EQUITY EARNINGS IN AFFILIATES, NET OF TAX | 772.9 |  |  | 205.7 |  |  | 125.7 |  |  | — |  |  | (1,104.3 | ) |  | — |
NET INCOME | 890.2 |  |  | 108.2 |  |  | 49.2 |  |  | 890.7 |  |  | (1,041.2 | ) |  | 897.1 |
NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS | — |  |  | — |  |  | — |  |  | (6.9 | ) |  | — |  |  | (6.9 | )
NET INCOME ATTRIBUTABLE TO ENSCO | $ | 890.2 |  |  | $ | 108.2 |  |  | $ | 49.2 |  |  | $ | 883.8 |  |  | $ | (1,041.2 | ) |  | $ | 890.2 |
ENSCO PLC AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME Year Ended December 31, 2018 (in millions)
| Ensco plc |  | ENSCO International Incorporated |  | Pride International LLC |  | Other Non-Guarantor Subsidiaries of Ensco |  | Consolidating Adjustments |  | Total
NET INCOME (LOSS) | $ | (639.7 | ) |  | $ | (55.6 | ) |  | $ | 4.3 |  |  | $ | (352.6 | ) |  | $ | 407.0 |  |  | $ | (636.6 | )
OTHER COMPREHENSIVE LOSS, NET |  |  |  |  |  |  |  |  |  |  |
Net change in fair value of derivatives | — |  |  | (9.7 | ) |  | — |  |  | — |  |  | — |  |  | (9.7 | )
Reclassification of net gains on derivative instruments from other comprehensive loss into net loss | — |  |  | (1.0 | ) |  | — |  |  | — |  |  | — |  |  | (1.0 | )
Other | — |  |  | — |  |  | — |  |  | (.5 | ) |  | — |  |  | (.5 | )
NET OTHER COMPREHENSIVE LOSS | — |  |  | (10.7 | ) |  | — |  |  | (.5 | ) |  | — |  |  | (11.2 | )
COMPREHENSIVE INCOME (LOSS) | (639.7 | ) |  | (66.3 | ) |  | 4.3 |  |  | (353.1 | ) |  | 407.0 |  |  | (647.8 | )
COMPREHENSIVE INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS | — |  |  | — |  |  | — |  |  | (3.1 | ) |  | — |  |  | (3.1 | )
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO ENSCO | $ | (639.7 | ) |  | $ | (66.3 | ) |  | $ | 4.3 |  |  | $ | (356.2 | ) |  | $ | 407.0 |  |  | $ | (650.9 | )
ENSCO PLC AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME Year Ended December 31, 2017 (in millions)
| Ensco plc |  | ENSCO International Incorporated |  | Pride International LLC |  | Other Non-Guarantor Subsidiaries of Ensco |  | Consolidating Adjustments |  | Total
NET INCOME (LOSS) | $ | (303.7 | ) |  | $ | (79.2 | ) |  | $ | 12.5 |  |  | $ | 11.1 |  |  | $ | 55.1 |  |  | $ | (304.2 | )
OTHER COMPREHENSIVE INCOME, NET |  |  |  |  |  |  |  |  |  |  |
Net change in fair value of derivatives | — |  |  | 8.5 |  |  | — |  |  | — |  |  | — |  |  | 8.5 |
Reclassification of net losses on derivative instruments from other comprehensive income into net income | — |  |  | .4 |  |  | — |  |  | — |  |  | — |  |  | .4 |
Other | — |  |  | — |  |  | — |  |  | .7 |  |  | — |  |  | .7 |
NET OTHER COMPREHENSIVE INCOME | — |  |  | 8.9 |  |  | — |  |  | .7 |  |  | — |  |  | 9.6 |
COMPREHENSIVE INCOME (LOSS) | (303.7 | ) |  | (70.3 | ) |  | 12.5 |  |  | 11.8 |  |  | 55.1 |  |  | (294.6 | )
COMPREHENSIVE LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS | — |  |  | — |  |  | — |  |  | .5 |  |  | — |  |  | .5 |
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO ENSCO | $ | (303.7 | ) |  | $ | (70.3 | ) |  | $ | 12.5 |  |  | $ | 12.3 |  |  | $ | 55.1 |  |  | $ | (294.1 | )
ENSCO PLC AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME Year Ended December 31, 2016 (in millions)
| Ensco plc |  | ENSCO International Incorporated |  | Pride International LLC |  | Other Non-Guarantor Subsidiaries of Ensco |  | Consolidating Adjustments |  | Total
NET INCOME | $ | 890.2 |  |  | $ | 108.2 |  |  | $ | 49.2 |  |  | $ | 890.7 |  |  | $ | (1,041.2 | ) |  | $ | 897.1 |
OTHER COMPREHENSIVE INCOME (LOSS), NET |  |  |  |  |  |  |  |  |  |  |
Net change in fair value of derivatives | — |  |  | (5.4 | ) |  | — |  |  | — |  |  | — |  |  | (5.4 | )
Reclassification of net gains on derivative instruments from other comprehensive income into net loss | — |  |  | 12.4 |  |  | — |  |  | — |  |  | — |  |  | 12.4 |
Other | — |  |  | — |  |  | — |  |  | (.5 | ) |  | — |  |  | (.5 | )
NET OTHER COMPREHENSIVE INCOME (LOSS) | — |  |  | 7.0 |  |  | — |  |  | (.5 | ) |  | — |  |  | 6.5 |
COMPREHENSIVE INCOME | 890.2 |  |  | 115.2 |  |  | 49.2 |  |  | 890.2 |  |  | (1,041.2 | ) |  | 903.6 |
COMPREHENSIVE INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS | — |  |  | — |  |  | — |  |  | (6.9 | ) |  | — |  |  | (6.9 | )
COMPREHENSIVE INCOME ATTRIBUTABLE TO ENSCO | $ | 890.2 |  |  | $ | 115.2 |  |  | $ | 49.2 |  |  | $ | 883.3 |  |  | $ | (1,041.2 | ) |  | $ | 896.7 |
ENSCO PLC AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEETS December 31, 2018 (in millions)
| Ensco plc |  | ENSCO International Incorporated |  | Pride International LLC |  | Other Non-guarantor Subsidiaries of Ensco |  | Consolidating Adjustments |  | Total
ASSETS |  |  |  |  |  |  |  |  |  |  |
CURRENT ASSETS |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 199.8 |  |  | $ | — |  |  | $ | 2.7 |  |  | $ | 72.6 |  |  | $ | — |  |  | $ | 275.1 |
Short-term investments | 329.0 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 329.0 |
Accounts receivable, net | 7.3 |  |  | 25.4 |  |  | — |  |  | 312.0 |  |  | — |  |  | 344.7 |
Accounts receivable from affiliates | 1,861.2 |  |  | 171.4 |  |  | — |  |  | 131.7 |  |  | (2,164.3 | ) |  | — |
Other | .6 |  |  | 6.0 |  |  | — |  |  | 354.3 |  |  | — |  |  | 360.9 |
Total current assets | 2,397.9 |  |  | 202.8 |  |  | 2.7 |  |  | 870.6 |  |  | (2,164.3 | ) |  | 1,309.7 |
PROPERTY AND EQUIPMENT, AT COST | 1.8 |  |  | 125.2 |  |  | — |  |  | 15,390.0 |  |  | — |  |  | 15,517.0 |
Less accumulated depreciation | 1.8 |  |  | 91.3 |  |  | — |  |  | 2,807.7 |  |  | — |  |  | 2,900.8 |
Property and equipment, net | — |  |  | 33.9 |  |  | — |  |  | 12,582.3 |  |  | — |  |  | 12,616.2 |
DUE FROM AFFILIATES | 2,413.8 |  |  | 234.5 |  |  | 125.0 |  |  | 2,715.1 |  |  | (5,488.4 | ) |  | — |
INVESTMENTS IN AFFILIATES | 8,522.6 |  |  | 3,713.7 |  |  | 1,199.9 |  |  | — |  |  | (13,436.2 | ) |  | — |
OTHER ASSETS | 8.1 |  |  | — |  |  | — |  |  | 89.7 |  |  | — |  |  | 97.8 |
| $ | 13,342.4 |  |  | $ | 4,184.9 |  |  | $ | 1,327.6 |  |  | $ | 16,257.7 |  |  | $ | (21,088.9 | ) |  | $ | 14,023.7 |
LIABILITIES AND SHAREHOLDERS' EQUITY |  |  |  |  |  |  |  |
CURRENT LIABILITIES |  |  |  |  |  |  |  |  |  |  |
Accounts payable and accrued liabilities | $ | 85.3 |  |  | $ | 32.0 |  |  | $ | 12.7 |  |  | $ | 398.5 |  |  | $ | — |  |  | $ | 528.5 |
Accounts payable to affiliates | 59.7 |  |  | 139.5 |  |  | 38.2 |  |  | 1,926.9 |  |  | (2,164.3 | ) |  | — |
Total current liabilities | 145.0 |  |  | 171.5 |  |  | 50.9 |  |  | 2,325.4 |  |  | (2,164.3 | ) |  | 528.5 |
DUE TO AFFILIATES | 1,432.0 |  |  | 1,226.9 |  |  | 1,366.5 |  |  | 1,463.0 |  |  | (5,488.4 | ) |  | — |
LONG-TERM DEBT | 3,676.5 |  |  | 149.3 |  |  | 502.6 |  |  | 682.0 |  |  | — |  |  | 5,010.4 |
OTHER LIABILITIES | .1 |  |  | 64.3 |  |  | — |  |  | 331.6 |  |  | — |  |  | 396.0 |
ENSCO SHAREHOLDERS' EQUITY (DEFICIT) | 8,088.8 |  |  | 2,572.9 |  |  | (592.4 | ) |  | 11,458.3 |  |  | (13,436.2 | ) |  | 8,091.4 |
NONCONTROLLING INTERESTS | — |  |  | — |  |  | — |  |  | (2.6 | ) |  | — |  |  | (2.6 | )
Total equity (deficit) | 8,088.8 |  |  | 2,572.9 |  |  | (592.4 | ) |  | 11,455.7 |  |  | (13,436.2 | ) |  | 8,088.8 |
| $ | 13,342.4 |  |  | $ | 4,184.9 |  |  | $ | 1,327.6 |  |  | $ | 16,257.7 |  |  | $ | (21,088.9 | ) |  | $ | 14,023.7 |
ENSCO PLC AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEETS December 31, 2017 (in millions)
| Ensco plc |  | ENSCO International Incorporated |  | Pride International LLC |  | Other Non-guarantor Subsidiaries of Ensco |  | Consolidating Adjustments |  | Total
ASSETS |  |  |  |  |  |  |  |  |  |  |
CURRENT ASSETS |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 185.2 |  |  | $ | — |  |  | $ | 25.6 |  |  | $ | 234.6 |  |  | $ | — |  |  | $ | 445.4 |
Short-term investments | 440.0 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 440.0 |
Accounts receivable, net | 6.9 |  |  | .4 |  |  | — |  |  | 338.1 |  |  | — |  |  | 345.4 |
Accounts receivable from affiliates | 351.8 |  |  | 492.7 |  |  | — |  |  | 424.3 |  |  | (1,268.8 | ) |  | — |
Other | — |  |  | 8.8 |  |  | — |  |  | 372.4 |  |  | — |  |  | 381.2 |
Total current assets | 983.9 |  |  | 501.9 |  |  | 25.6 |  |  | 1,369.4 |  |  | (1,268.8 | ) |  | 1,612.0 |
PROPERTY AND EQUIPMENT, AT COST | 1.8 |  |  | 120.8 |  |  | — |  |  | 15,209.5 |  |  | — |  |  | 15,332.1 |
Less accumulated depreciation | 1.8 |  |  | 77.1 |  |  | — |  |  | 2,379.5 |  |  | — |  |  | 2,458.4 |
Property and equipment, net | — |  |  | 43.7 |  |  | — |  |  | 12,830.0 |  |  | — |  |  | 12,873.7 |
DUE FROM AFFILIATES | 3,002.1 |  |  | 2,618.0 |  |  | 165.1 |  |  | 3,736.1 |  |  | (9,521.3 | ) |  | — |
INVESTMENTS IN AFFILIATES | 9,098.5 |  |  | 3,591.9 |  |  | 1,106.6 |  |  | — |  |  | (13,797.0 | ) |  | — |
OTHER ASSETS | 12.9 |  |  | 5.0 |  |  | — |  |  | 226.5 |  |  | (104.2 | ) |  | 140.2 |
| $ | 13,097.4 |  |  | $ | 6,760.5 |  |  | $ | 1,297.3 |  |  | $ | 18,162.0 |  |  | $ | (24,691.3 | ) |  | $ | 14,625.9 |
LIABILITIES AND SHAREHOLDERS' EQUITY |  |  |  |  |  |  |  |
CURRENT LIABILITIES |  |  |  |  |  |  |  |  |  |  |
Accounts payable and accrued liabilities | $ | 55.4 |  |  | $ | 39.0 |  |  | $ | 21.7 |  |  | $ | 642.4 |  |  | $ | — |  |  | $ | 758.5 |
Accounts payable to affiliates | 67.3 |  |  | 458.3 |  |  | 12.4 |  |  | 730.8 |  |  | (1,268.8 | ) |  | — |
Total current liabilities | 122.7 |  |  | 497.3 |  |  | 34.1 |  |  | 1,373.2 |  |  | (1,268.8 | ) |  | 758.5 |
DUE TO AFFILIATES | 1,402.9 |  |  | 3,559.2 |  |  | 753.9 |  |  | 3,805.3 |  |  | (9,521.3 | ) |  | — |
LONG-TERM DEBT | 2,841.8 |  |  | 149.2 |  |  | 1,106.0 |  |  | 653.7 |  |  | — |  |  | 4,750.7 |
OTHER LIABILITIES | — |  |  | 3.1 |  |  | — |  |  | 487.8 |  |  | (104.2 | ) |  | 386.7 |
ENSCO SHAREHOLDERS' EQUITY (DEFICIT) | 8,730.0 |  |  | 2,551.7 |  |  | (596.7 | ) |  | 11,844.1 |  |  | (13,797.0 | ) |  | 8,732.1 |
NONCONTROLLING INTERESTS | — |  |  | — |  |  | — |  |  | (2.1 | ) |  | — |  |  | (2.1 | )
Total equity (deficit) | 8,730.0 |  |  | 2,551.7 |  |  | (596.7 | ) |  | 11,842.0 |  |  | (13,797.0 | ) |  | 8,730.0 |
| $ | 13,097.4 |  |  | $ | 6,760.5 |  |  | $ | 1,297.3 |  |  | $ | 18,162.0 |  |  | $ | (24,691.3 | ) |  | $ | 14,625.9 |
ENSCO PLC AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS Year Ended December 31, 2018 (in millions)
| Ensco plc |  | ENSCO International Incorporated |  | Pride International LLC |  | Other Non-guarantor Subsidiaries of Ensco |  | Consolidating Adjustments |  | Total
OPERATING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net cash provided by (used in) operating activities of continuing operations | $ | 18.1 |  |  | $ | (135.1 | ) |  | $ | (97.6 | ) |  | $ | 158.9 |  |  | $ | — |  |  | $ | (55.7 | )
INVESTING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |
Maturities of short-term investments | 1,030.0 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,030.0 |
Purchases of short-term investments | (919.0 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (919.0 | )
Purchase of affiliate debt | (551.7 | ) |  | — |  |  | — |  |  | — |  |  | 551.7 |  |  | — |
Sale of affiliate debt | 479.0 |  |  | — |  |  | — |  |  | — |  |  | (479.0 | ) |  | — |
Additions to property and equipment | — |  |  | — |  |  | — |  |  | (426.7 | ) |  | — |  |  | (426.7 | )
Net proceeds from disposition of assets |  |  |  | — |  |  | — |  |  | 11.0 |  |  | — |  |  | 11.0 |
Net cash provided by (used in) investing activities of continuing operations | 38.3 |  |  | — |  |  | — |  |  | (415.7 | ) |  | 72.7 |  |  | (304.7 | )
FINANCING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from issuance of senior notes | 1,000.0 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,000.0 |
Advances from (to) affiliates | (845.0 | ) |  | 135.1 |  |  | 612.5 |  |  | 97.4 |  |  | — |  |  | — |
Reduction of long-term borrowings | (159.9 | ) |  | — |  |  | (537.8 | ) |  | (0.8 | ) |  | (72.7 | ) |  | (771.2 | )
Cash dividends paid | (17.9 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (17.9 | )
Debt issuance costs | (17.0 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (17.0 | )
Other | (2.0 | ) |  | — |  |  | — |  |  | (3.7 | ) |  | — |  |  | (5.7 | )
Net cash provided by (used in) financing activities | (41.8 | ) |  | 135.1 |  |  | 74.7 |  |  | 92.9 |  |  | (72.7 | ) |  | 188.2 |
Net cash provided by discontinued operations | — |  |  | — |  |  | — |  |  | 2.5 |  |  | — |  |  | 2.5 |
Effect of exchange rate changes on cash and cash equivalents | — |  |  | — |  |  | — |  |  | (.6 | ) |  | — |  |  | (.6 | )
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 14.6 |  |  | — |  |  | (22.9 | ) |  | (162.0 | ) |  | — |  |  | (170.3 | )
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR | 185.2 |  |  | — |  |  | 25.6 |  |  | 234.6 |  |  | — |  |  | 445.4 |
CASH AND CASH EQUIVALENTS, END OF YEAR | $ | 199.8 |  |  | $ | — |  |  | $ | 2.7 |  |  | $ | 72.6 |  |  | $ | — |  |  | $ | 275.1 |
ENSCO PLC AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS Year Ended December 31, 2017 (in millions)
| Ensco plc |  | ENSCO International Incorporated |  | Pride International LLC |  | Other Non-guarantor Subsidiaries of Ensco |  | Consolidating Adjustments |  | Total
OPERATING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net cash provided by (used in) operating activities of continuing operations | $ | (18.2 | ) |  | $ | (117.6 | ) |  | $ | (100.1 | ) |  | $ | 495.3 |  |  | $ | — |  |  | $ | 259.4 |
INVESTING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |
Purchases of short-term investments | (1,022.9 | ) |  | — |  |  | — |  |  | (17.1 | ) |  | — |  |  | (1,040.0 | )
Maturities of short-term investments | 1,748.0 |  |  | 5.5 |  |  | — |  |  | 289.0 |  |  | — |  |  | 2,042.5 |
Additions to property and equipment | — |  |  | — |  |  | — |  |  | (536.7 | ) |  | — |  |  | (536.7 | )
Net proceeds from disposition of assets | — |  |  | — |  |  | — |  |  | 2.8 |  |  | — |  |  | 2.8 |
Purchase of affiliate debt | (316.3 | ) |  | — |  |  | — |  |  | — |  |  | 316.3 |  |  | — |
Acquisition of Atwood, net of cash acquired | — |  |  | — |  |  | — |  |  | (871.6 | ) |  | — |  |  | (871.6 | )
Net cash provided by (used in) investing activities of continuing operations | 408.8 |  |  | 5.5 |  |  | — |  |  | (1,133.6 | ) |  | 316.3 |  |  | (403.0 | )
FINANCING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |
Reduction of long-term borrowings | (220.7 | ) |  | — |  |  | — |  |  | — |  |  | (316.3 | ) |  | (537.0 | )
Debt issuance costs | (12.0 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (12.0 | )
Cash dividends paid | (13.8 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (13.8 | )
Advances from (to) affiliates | (848.9 | ) |  | 112.1 |  |  | 105.9 |  |  | 630.9 |  |  | — |  |  | — |
Other | (2.6 | ) |  | — |  |  | — |  |  | (5.1 | ) |  | — |  |  | (7.7 | )
Net cash provided by (used in) financing activities | (1,098.0 | ) |  | 112.1 |  |  | 105.9 |  |  | 625.8 |  |  | (316.3 | ) |  | (570.5 | )
Net cash used in discontinued operations | — |  |  | — |  |  | — |  |  | (.8 | ) |  | — |  |  | (.8 | )
Effect of exchange rate changes on cash and cash equivalents | — |  |  | — |  |  | — |  |  | .6 |  |  | — |  |  | .6 |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (707.4 | ) |  | — |  |  | 5.8 |  |  | (12.7 | ) |  | — |  |  | (714.3 | )
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR | 892.6 |  |  | — |  |  | 19.8 |  |  | 247.3 |  |  | — |  |  | 1,159.7 |
CASH AND CASH EQUIVALENTS, END OF YEAR | $ | 185.2 |  |  | $ | — |  |  | $ | 25.6 |  |  | $ | 234.6 |  |  | $ | — |  |  | $ | 445.4 |
ENSCO PLC AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS Year Ended December 31, 2016 (in millions)
| Ensco plc |  | ENSCO International Incorporated |  | Pride International LLC |  | Other Non-guarantor Subsidiaries of Ensco |  | Consolidating Adjustments |  | Total
OPERATING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net cash provided by (used in) operating activities of continuing operations | $ | (101.3 | ) |  | $ | (46.5 | ) |  | $ | (116.9 | ) |  | $ | 1,342.1 |  |  | $ | — |  |  | $ | 1,077.4 |
INVESTING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Purchases of short-term investments | (2,047.1 | ) |  | (5.5 | ) |  | — |  |  | (422.0 | ) |  | — |  |  | (2,474.6 | )
Additions to property and equipment | — |  |  | — |  |  | — |  |  | (322.2 | ) |  | — |  |  | (322.2 | )
Maturities of short-term investments | 2,062.0 |  |  | — |  |  | — |  |  | 150.0 |  |  | — |  |  | 2,212.0 |
Net proceeds from disposition of assets | — |  |  | — |  |  | — |  |  | 9.8 |  |  | — |  |  | 9.8 |
Purchase of affiliate debt | (237.9 | ) |  | — |  |  | — |  |  | — |  |  | 237.9 |  |  | — |
Net cash used in investing activities of continuing operations | (223.0 | ) |  | (5.5 | ) |  | — |  |  | (584.4 | ) |  | 237.9 |  |  | (575.0 | )
FINANCING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from debt issuance | — |  |  | — |  |  | — |  |  | 849.5 |  |  | — |  |  | 849.5 |
Reduction of long-term borrowing | (626.0 | ) |  | — |  |  | — |  |  | — |  |  | (237.9 | ) |  | (863.9 | )
Proceeds from equity issuance | 585.5 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 585.5 |
Cash dividends paid | (11.6 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (11.6 | )
Debt issuance costs | (23.4 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (23.4 | )
Advances from (to) affiliates | 1,200.6 |  |  | 52.0 |  |  | 134.7 |  |  | (1,387.3 | ) |  | — |  |  | — |
Other | (2.2 | ) |  | — |  |  | — |  |  | (4.9 | ) |  | — |  |  | (7.1 | )
Net cash provided by (used in) financing activities | 1,122.9 |  |  | 52.0 |  |  | 134.7 |  |  | (542.7 | ) |  | (237.9 | ) |  | 529.0 |
Net cash provided by discontinued operations | — |  |  | — |  |  | — |  |  | 8.4 |  |  | — |  |  | 8.4 |
Effect of exchange rate changes on cash and cash equivalents | — |  |  | — |  |  | — |  |  | (1.4 | ) |  | — |  |  | (1.4 | )
NET INCREASE IN CASH AND CASH EQUIVALENTS | 798.6 |  |  | — |  |  | 17.8 |  |  | 222.0 |  |  | — |  |  | 1,038.4 |
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR | 94.0 |  |  | — |  |  | 2.0 |  |  | 25.3 |  |  | — |  |  | 121.3 |
CASH AND CASH EQUIVALENTS, END OF YEAR | $ | 892.6 |  |  | $ | — |  |  | $ | 19.8 |  |  | $ | 247.3 |  |  | $ | — |  |  | $ | 1,159.7 |

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- References No definition available. + Details
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- Definition The entire disclosure for each guarantee obligation, or each group of similar guarantee obligations, including (a) the nature of the guarantee, including its term, how it arose, and the events or circumstances that would require the guarantor to perform under the guarantee; (b) the maximum potential amount of future payments (undiscounted) the guarantor could be required to make under the guarantee; (c) the current carrying amount of the liability, if any, for the guarantor's obligations under the guarantee; and (d) the nature of any recourse provisions under the guarantee, and any assets held either as collateral or by third parties, and any relevant related party disclosure. Excludes disclosures about product warranties. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 460 -URI http://asc.fasb.org/topic&trid=2155896 + Details
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