XML 20 R4.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Balance Sheets
$ in Millions
Sep. 30, 2020
USD ($)
$ / shares
shares
Dec. 31, 2019
USD ($)
$ / shares
shares
CURRENT ASSETS    
    Cash and cash equivalents $ 180.4 $ 97.2
    Accounts receivable, net 429.7 520.7
    Other current assets 454.7 446.5
Total current assets 1,064.8 1,064.4
PROPERTY AND EQUIPMENT, AT COST 13,215.5 18,393.8
    Less accumulated depreciation 2,133.1 3,296.9
       Property and equipment, net 11,082.4 15,096.9
LONG-TERM NOTES RECEIVABLE FROM ARO 442.7 452.9
INVESTMENT IN ARO 121.1 128.7
OTHER ASSETS 200.2 188.3
Total assets 12,911.2 16,931.2
CURRENT LIABILITIES    
Accounts payable - trade 180.7 288.2
Accrued liabilities and other 207.3 417.7
Current maturities of long-term debt 0.0 124.8
Total current liabilities 388.0 830.7
LONG-TERM DEBT 0.0 5,923.5
OTHER LIABILITIES 696.9 867.4
Liabilities Not Subject to Compromise 1,084.9 7,621.6
Total liabilities subject to compromise 7,313.7  
Commitments and Contingencies
VALARIS SHAREHOLDERS' EQUITY    
Additional paid-in capital 8,636.5 8,627.8
Retained (deficit) earnings (4,112.9) 671.7
Accumulated other comprehensive (loss) income (11.2) 6.2
Treasury shares, at cost (76.3) (77.3)
Total Valaris shareholders' equity 4,518.7 9,310.9
NONCONTROLLING INTERESTS (6.1) (1.3)
Total equity 4,512.6 9,309.6
Total liabilities and shareholders' equity $ 12,911.2 $ 16,931.2
Treasury shares, shares held (in shares) | shares 6,700,000 7,900,000
Class A ordinary shares, U.S.    
VALARIS SHAREHOLDERS' EQUITY    
Common shares, value $ 82.5 $ 82.4
Common stock, par value per share (in dollars per share or pounds sterling per share) | $ / shares $ 0.40 $ 0.40
Common shares, shares issued (in shares) | shares 206,100,000 205,900,000
Common Class B, Par Value In GBP [Member]    
VALARIS SHAREHOLDERS' EQUITY    
Common shares, value $ 0.1 $ 0.1
Common shares, shares authorized (in shares) | shares 50,000 50,000