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Rowan Transaction (Tables)
 12 Months Ended
Dec. 31, 2019
Business Combinations [Abstract]  
Schedule of Provisional Amounts for Assets Acquired and Liabilities Assumed
The provisional amounts recorded for assets and liabilities acquired are based on preliminary estimates of their fair values as of the Transaction Date and are as follows (in millions):
 
Amounts Recognized as of Transaction Date
 
Measurement Period Adjustments (1)
 
Estimated Fair Value
Assets:
 
 
 
 
 
Cash and cash equivalents
$
931.9

 
$
—

 
$
931.9

Accounts receivable(2)
207.1

 
(3.6
)
 
203.5

Other current assets
101.6

 
(2.4
)
 
99.2

Long-term notes receivable from ARO
454.5

 
—

 
454.5

Investment in ARO
138.8

 
2.5

 
141.3

Property and equipment
2,989.8

 
(25.8
)
 
2,964.0

Other assets
41.7

 
1.3

 
43.0

Liabilities:
 
 
 
 
 
Accounts payable and accrued liabilities
259.4

 
13.7

 
273.1

Current portion of long-term debt
203.2

 
—

 
203.2

Long-term debt
1,910.9

 
—

 
1,910.9

Other liabilities
376.3

 
34.1

 
410.4

Net assets acquired
2,115.6

 
(75.8
)
 
2,039.8

Less: Merger consideration
(1,402.8
)
 
—

 
(1,402.8
)
Bargain purchase gain
$
712.8

 
$
(75.8
)
 
$
637.0


(1) The measurement period adjustments reflect changes in the estimated fair values of certain assets and liabilities, primarily related to long-lived assets, deferred income taxes and uncertain tax positions. The measurement period adjustments were recorded to reflect new information obtained about facts and circumstances existing as of the Transaction Date and did not result from subsequent intervening events.
(2) Gross contractual amounts receivable totaled $208.3 million as of the Transaction Date.
Business Acquisition, Pro Forma Information The pro forma results do not include any potential synergies or non-recurring charges that may result directly from the Rowan Transaction.

(unaudited)
(in millions, except per share amounts)
Year Ended
 
2019(1)
 
2018(2)
Revenues
$
2,240.5

 
$
2,530.4

Net loss
$
(994.3
)
 
$
(796.5
)
Earnings per share - basic and diluted
$
(3.80
)
 
$
(4.05
)
(1) Pro forma net loss per share was adjusted to exclude an aggregate $108.1 million of transaction-related and integration costs incurred by Ensco and Rowan during 2019 and the $637.0 million bargain purchase gain.

(2) Pro forma net loss per share was adjusted to exclude an aggregate $13.8 million of transaction-related and integration costs incurred by Ensco and Rowan during 2018.