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Chapter 11 Proceeding and Ability to Continue as a Going Concern - Condensed Combined Statement of Cash Flows (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
OPERATING ACTIVITIES        
Net income (loss) $ (672.0) $ (197.5) $ (4,788.5) $ 21.8
Adjustments to reconcile net income (loss) to net cash used in operating activities:        
Loss on impairment 0.0 88.2 3,646.2 90.7
Depreciation expense 122.4 163.0 418.4 445.9
Gain on extinguishment of debt 0.0 (194.1) (3.1) (194.1)
Share-based compensation expense     17.8 28.7
Amortization, net     14.4 (18.1)
Equity in earnings of ARO (3.9) 3.7 7.6 3.1
(Gain on) adjustment to bargain purchase 0.0 $ 53.0 6.3 (659.8)
Other     2.4 (4.7)
Changes in operating assets and liabilities     (131.8) (147.3)
Contributions to pension plans and other post-retirement benefits     (11.0) (8.0)
Net cash used in operating activities     (396.4) (427.5)
INVESTING ACTIVITIES        
Additions to property and equipment      (82.9) (174.2)
Net proceeds from disposition of assets     44.2 4.9
Maturities of short-term investments     0.0 474.0
Rowan cash acquired     0.0 931.9
Purchases of short-term investments     0.0 (145.0)
Net cash used in investing activities     (38.7) 1,091.6
FINANCING ACTIVITIES        
Borrowings on credit facility     596.0 175.0
Repayments of credit facility borrowings     (15.0) (34.4)
Repayments of Long-term Debt     (9.7) (928.1)
Purchase of noncontrolling interests     (7.2) 0.0
Other     (1.9) (7.7)
Net cash provided by (used in) financing activities     518.4 (809.1)
Effect of exchange rate changes on cash and cash equivalents     (0.1) (0.6)
NET INCREASE IN CASH AND CASH EQUIVALENTS     83.2 $ (145.6)
Valaris, PLC And Certain Subsidiaries Party To The Bankruptcy Cases        
OPERATING ACTIVITIES        
Net income (loss) (647.1)   (4,675.2)  
Adjustments to reconcile net income (loss) to net cash used in operating activities:        
Non cash reorganization items, net     447.9  
Loss on impairment 0.0   3,643.9  
Depreciation expense 114.2   393.4  
Income (Loss) from Equity Method Investment from Non-Debtor Subsidiaries     (27.5)  
Gain on extinguishment of debt     (3.1)  
Share-based compensation expense     43.8  
Amortization, net     14.4  
Equity in earnings of ARO (3.9)   7.6  
(Gain on) adjustment to bargain purchase     6.3  
Other     (57.7)  
Changes in operating assets and liabilities     (151.1)  
Contributions to pension plans and other post-retirement benefits     (120.3)  
Net cash used in operating activities     (477.6)  
INVESTING ACTIVITIES        
Additions to property and equipment      (82.9)  
Net proceeds from disposition of assets     44.2  
Net cash used in investing activities     (38.7)  
FINANCING ACTIVITIES        
Borrowings on credit facility     596.0  
Repayments of credit facility borrowings     (15.0)  
Debtor in Possession financing fees and payments on Backstop Agreement     43.8  
Repayments of Long-term Debt     (9.7)  
Other     (1.9)  
Net cash provided by (used in) financing activities     525.6  
Effect of exchange rate changes on cash and cash equivalents     (0.1)  
NET INCREASE IN CASH AND CASH EQUIVALENTS     9.2  
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD     71.7  
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 80.9   $ 80.9