XML 55 R75.htm IDEA: XBRL DOCUMENT v3.20.1
Guarantee Of Registered Securities (Condensed Consolidating Statements Of Cash Flows) (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
OPERATING ACTIVITIES    
Net cash provided by (used in) operating activities $ (204.4) $ (24.4)
INVESTING ACTIVITIES    
Maturities of short-term investments 0.0 204.0
Purchases of short-term investments 0.0 (120.0)
Additions to property and equipment (36.3) (29.0)
Proceeds from Sale of Property, Plant, and Equipment 10.4 0.3
Other   0.3
Net cash used in investing activities of continuing operations (25.9) 55.3
FINANCING ACTIVITIES    
Cash dividends paid 0.0 (4.5)
Borrowings on credit facility 343.9 0.0
Reduction of long-term borrowings (9.7) 0.0
Advances from (to) affiliates 0.0 0.0
Repayments of credit facility borrowings (15.0) 0.0
Other (0.9) (2.8)
Net cash provided by (used in) financing activities 318.3 (7.3)
Effect of exchange rate changes on cash and cash equivalents (0.3) (0.3)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 87.7 23.3
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 97.2 275.1
CASH AND CASH EQUIVALENTS, END OF PERIOD 184.9 298.4
Valaris plc    
OPERATING ACTIVITIES    
Net cash provided by (used in) operating activities (88.3) (45.9)
INVESTING ACTIVITIES    
Maturities of short-term investments   204.0
Purchases of short-term investments   (120.0)
Additions to property and equipment 0.0 0.0
Proceeds from Sale of Property, Plant, and Equipment 0.0  
Other   0.0
Net cash used in investing activities of continuing operations 0.0 84.0
FINANCING ACTIVITIES    
Cash dividends paid   (4.5)
Borrowings on credit facility 343.9  
Reduction of long-term borrowings (9.7)  
Advances from (to) affiliates (113.7) 15.3
Repayments of credit facility borrowings (15.0)  
Other (0.9) (2.8)
Net cash provided by (used in) financing activities 204.6 8.0
Effect of exchange rate changes on cash and cash equivalents 0.0 0.0
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 116.3 46.1
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 21.5 199.8
CASH AND CASH EQUIVALENTS, END OF PERIOD 137.8 245.9
ENSCO International Incorporated    
OPERATING ACTIVITIES    
Net cash provided by (used in) operating activities 226.2 (43.0)
INVESTING ACTIVITIES    
Maturities of short-term investments   0.0
Purchases of short-term investments   0.0
Additions to property and equipment 0.0 0.0
Proceeds from Sale of Property, Plant, and Equipment 0.0  
Other   0.0
Net cash used in investing activities of continuing operations 0.0 0.0
FINANCING ACTIVITIES    
Cash dividends paid   0.0
Borrowings on credit facility 0.0  
Reduction of long-term borrowings 0.0  
Advances from (to) affiliates (226.2) 43.0
Repayments of credit facility borrowings 0.0  
Other 0.0 0.0
Net cash provided by (used in) financing activities (226.2) 43.0
Effect of exchange rate changes on cash and cash equivalents 0.0 0.0
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 0.0 0.0
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 0.0 0.0
CASH AND CASH EQUIVALENTS, END OF PERIOD 0.0 0.0
Pride International LLC    
OPERATING ACTIVITIES    
Net cash provided by (used in) operating activities (28.7) (55.2)
INVESTING ACTIVITIES    
Maturities of short-term investments   0.0
Purchases of short-term investments   0.0
Additions to property and equipment 0.0 0.0
Proceeds from Sale of Property, Plant, and Equipment 0.0  
Other   0.0
Net cash used in investing activities of continuing operations 0.0 0.0
FINANCING ACTIVITIES    
Cash dividends paid   0.0
Borrowings on credit facility 0.0  
Reduction of long-term borrowings 0.0  
Advances from (to) affiliates 28.7 54.8
Repayments of credit facility borrowings 0.0  
Other 0.0 0.0
Net cash provided by (used in) financing activities 28.7 54.8
Effect of exchange rate changes on cash and cash equivalents 0.0 0.0
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 0.0 (0.4)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 0.0 2.7
CASH AND CASH EQUIVALENTS, END OF PERIOD 0.0 2.3
Other Non-Guarantor Subsidiaries of Valaris    
OPERATING ACTIVITIES    
Net cash provided by (used in) operating activities (313.6) 119.7
INVESTING ACTIVITIES    
Maturities of short-term investments   0.0
Purchases of short-term investments   0.0
Additions to property and equipment (36.3) (29.0)
Proceeds from Sale of Property, Plant, and Equipment 10.4  
Other   0.3
Net cash used in investing activities of continuing operations (25.9) (28.7)
FINANCING ACTIVITIES    
Cash dividends paid   0.0
Borrowings on credit facility 0.0  
Reduction of long-term borrowings 0.0  
Advances from (to) affiliates 311.2 (113.1)
Repayments of credit facility borrowings 0.0  
Other 0.0
Net cash provided by (used in) financing activities 311.2 (113.1)
Effect of exchange rate changes on cash and cash equivalents (0.3) (0.3)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (28.6) (22.4)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 75.7 72.6
CASH AND CASH EQUIVALENTS, END OF PERIOD 47.1 50.2
Consolidating Adjustments    
OPERATING ACTIVITIES    
Net cash provided by (used in) operating activities 0.0 0.0
INVESTING ACTIVITIES    
Maturities of short-term investments   0.0
Purchases of short-term investments   0.0
Additions to property and equipment 0.0 0.0
Proceeds from Sale of Property, Plant, and Equipment 0.0  
Other   0.0
Net cash used in investing activities of continuing operations 0.0 0.0
FINANCING ACTIVITIES    
Cash dividends paid   0.0
Borrowings on credit facility 0.0  
Reduction of long-term borrowings 0.0  
Advances from (to) affiliates 0.0 0.0
Repayments of credit facility borrowings 0.0  
Other 0.0 0.0
Net cash provided by (used in) financing activities 0.0 0.0
Effect of exchange rate changes on cash and cash equivalents 0.0
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 0.0 0.0
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 0.0 0.0
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 0.0 $ 0.0