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v3.19.3

Guarantee Of Registered Securities (Condensed Consolidating Statements Of Income) (Details) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018
Guarantor Obligations [Line Items] |  |  |  |
Revenues | $ 551.3 | $ 430.9 | $ 1,541.1 | $ 1,306.4
Contract drilling (exclusive of depreciation) | 496.5 | 327.1 | 1,329.4 | 996.6
Loss on impairment | 88.2 | 0.0 | 90.7 | 0.0
Depreciation | 163.0 | 120.6 | 445.9 | 356.5
General and administrative | 36.1 | 25.1 | 146.9 | 79.1
Total operating expenses | 783.8 | 472.8 | 2,012.9 | 1,432.2
EQUITY EARNINGS IN AFFILIATES, NET OF TAX | (3.7) | 0.0 | (3.1) | 0.0
Operating Income (Loss) | (236.2) | (41.9) | (474.9) | (125.8)
OTHER INCOME (EXPENSE), NET | 40.2 | (77.7) | 562.3 | (233.2)
LOSS BEFORE INCOME TAXES | (196.0) | (119.6) | 87.4 | (359.0)
INCOME TAX PROVISION | 1.5 | 23.3 | 65.6 | 66.4
Equity in Earnings of Subsidiaries Net of Tax | 0.0 |  | 0.0 |
DISCONTINUED OPERATIONS, NET |  |  | 0.0 | (8.1)
NET LOSS | (197.5) | (142.9) | 21.8 | (433.5)
NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS | 0.4 | (2.1) | (3.8) | (2.6)
NET LOSS ATTRIBUTABLE TO VALARIS | (197.1) | (145.0) | 18.0 | (436.1)
Valaris plc |  |  |  |
Guarantor Obligations [Line Items] |  |  |  |
Revenues | 15.7 | 12.1 | 47.0 | 36.7
Contract drilling (exclusive of depreciation) | 19.3 | 15.2 | 49.3 | 41.6
Depreciation | 0.0 | 0.0 | 0.0 | 0.0
General and administrative | 9.7 | 10.5 | 71.0 | 31.0
Total operating expenses | 29.0 |  | 120.3 |
EQUITY EARNINGS IN AFFILIATES, NET OF TAX |  | (130.8) |  | (400.1)
Operating Income (Loss) | (13.3) | (13.6) | (73.3) | (35.9)
OTHER INCOME (EXPENSE), NET | 94.7 | (0.6) | 773.5 | (0.1)
LOSS BEFORE INCOME TAXES | 81.4 | (14.2) | 700.2 | (36.0)
INCOME TAX PROVISION | 0.0 | 0.0 | 0.0 | 0.0
Equity in Earnings of Subsidiaries Net of Tax | (278.5) |  | (682.2) |
DISCONTINUED OPERATIONS, NET |  |  |  | 0.0
NET LOSS | (197.1) | (145.0) | 18.0 | (436.1)
NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS | 0.0 | 0.0 | 0.0 | 0.0
NET LOSS ATTRIBUTABLE TO VALARIS | (197.1) | (145.0) | 18.0 | (436.1)
ENSCO International Incorporated |  |  |  |
Guarantor Obligations [Line Items] |  |  |  |
Revenues | 53.0 | 40.7 | 128.6 | 120.8
Contract drilling (exclusive of depreciation) | 45.3 | 36.4 | 112.8 | 109.2
Depreciation | 7.7 | 3.6 | 15.4 | 10.6
General and administrative | 0.1 | 1.9 | 0.3 | 2.2
Total operating expenses | 53.1 |  | 128.5 |
EQUITY EARNINGS IN AFFILIATES, NET OF TAX |  | 28.2 |  | 77.7
Operating Income (Loss) | (0.1) | (1.2) | 0.1 | (1.2)
OTHER INCOME (EXPENSE), NET | (5.6) | (32.6) | (36.6) | (101.1)
LOSS BEFORE INCOME TAXES | (5.7) | (33.8) | (36.5) | (102.3)
INCOME TAX PROVISION | (18.4) | 9.5 | 10.6 | 32.4
Equity in Earnings of Subsidiaries Net of Tax | (40.2) |  | 35.1 |
DISCONTINUED OPERATIONS, NET |  |  |  | 0.0
NET LOSS | (27.5) | (15.1) | (12.0) | (57.0)
NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS | 0.0 | 0.0 | 0.0 | 0.0
NET LOSS ATTRIBUTABLE TO VALARIS | (27.5) | (15.1) | (12.0) | (57.0)
Pride International LLC |  |  |  |
Guarantor Obligations [Line Items] |  |  |  |
Revenues | 0.0 | 0.0 | 0.0 | 0.0
Contract drilling (exclusive of depreciation) | 0.0 | 0.0 | 0.0 | 0.0
Depreciation | 0.0 | 0.0 | 0.0 | 0.0
General and administrative | 0.0 | 0.0 | 0.0 | 0.0
Total operating expenses | 0.0 |  | 0.0 |
EQUITY EARNINGS IN AFFILIATES, NET OF TAX |  | 23.1 |  | 69.1
Operating Income (Loss) | 0.0 | 0.0 | 0.0 | 0.0
OTHER INCOME (EXPENSE), NET | (20.2) | (19.5) | (61.0) | (69.5)
LOSS BEFORE INCOME TAXES | (20.2) | (19.5) | (61.0) | (69.5)
INCOME TAX PROVISION | 0.0 | 0.0 | 0.0 | 0.0
Equity in Earnings of Subsidiaries Net of Tax | (68.0) |  | (14.9) |
DISCONTINUED OPERATIONS, NET |  |  |  | 0.0
NET LOSS | (88.2) | 3.6 | (75.9) | (0.4)
NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS | 0.0 | 0.0 | 0.0 | 0.0
NET LOSS ATTRIBUTABLE TO VALARIS | (88.2) | 3.6 | (75.9) | (0.4)
Other Non-Guarantor Subsidiaries of Valaris |  |  |  |
Guarantor Obligations [Line Items] |  |  |  |
Revenues | 588.8 | 459.2 | 1,627.1 | 1,387.0
Contract drilling (exclusive of depreciation) | 538.1 | 356.6 | 1,428.9 | 1,083.9
Loss on impairment | 88.2 |  | 90.7 |
Depreciation | 155.3 | 117.0 | 430.5 | 345.9
General and administrative | 26.3 | 12.7 | 75.6 | 45.9
Total operating expenses | 807.9 |  | 2,025.7 |
EQUITY EARNINGS IN AFFILIATES, NET OF TAX | (3.7) | 0.0 | (3.1) | 0.0
Operating Income (Loss) | (222.8) | (27.1) | (401.7) | (88.7)
OTHER INCOME (EXPENSE), NET | (33.0) | (29.0) | (126.3) | (85.9)
LOSS BEFORE INCOME TAXES | (255.8) | (56.1) | (528.0) | (174.6)
INCOME TAX PROVISION | 19.9 | 13.8 | 55.0 | 34.0
Equity in Earnings of Subsidiaries Net of Tax | 0.0 |  | 0.0 |
DISCONTINUED OPERATIONS, NET |  |  |  | (8.1)
NET LOSS | (275.7) | (69.9) | (583.0) | (216.7)
NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS | 0.4 | (2.1) | (3.8) | (2.6)
NET LOSS ATTRIBUTABLE TO VALARIS | (275.3) | (72.0) | (586.8) | (219.3)
Consolidating Adjustments |  |  |  |
Guarantor Obligations [Line Items] |  |  |  |
Revenues | (106.2) | (81.1) | (261.6) | (238.1)
Contract drilling (exclusive of depreciation) | (106.2) | (81.1) | (261.6) | (238.1)
Depreciation | 0.0 | 0.0 | 0.0 | 0.0
General and administrative | 0.0 | 0.0 | 0.0 | 0.0
Total operating expenses | (106.2) |  | (261.6) |
EQUITY EARNINGS IN AFFILIATES, NET OF TAX |  | 79.5 |  | 253.3
Operating Income (Loss) | 0.0 | 0.0 | 0.0 | 0.0
OTHER INCOME (EXPENSE), NET | 4.3 | 4.0 | 12.7 | 23.4
LOSS BEFORE INCOME TAXES | 4.3 | 4.0 | 12.7 | 23.4
INCOME TAX PROVISION | 0.0 | 0.0 | 0.0 | 0.0
Equity in Earnings of Subsidiaries Net of Tax | 386.7 |  | 662.0 |
DISCONTINUED OPERATIONS, NET |  |  |  | 0.0
NET LOSS | 391.0 | 83.5 | 674.7 | 276.7
NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS | 0.0 | 0.0 | 0.0 | 0.0
NET LOSS ATTRIBUTABLE TO VALARIS | $ 391.0 | $ 83.5 | $ 674.7 | $ 276.7

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