XML 100 R84.htm IDEA: XBRL DOCUMENT v3.20.2
Guarantee Of Registered Securities (Condensed Consolidating Statements Of Cash Flows) (Details) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
OPERATING ACTIVITIES    
Net cash used in operating activities $ (396.4) $ (427.5)
Rowan cash acquired 0.0 931.9
INVESTING ACTIVITIES    
Maturities of short-term investments 0.0 474.0
Purchases of short-term investments 0.0 (145.0)
Additions to property and equipment  (82.9) (174.2)
Net proceeds from disposition of assets 44.2 4.9
Other    4.9
Net cash used in investing activities (38.7) 1,091.6
FINANCING ACTIVITIES    
Debt solicitation fees 0.0 (9.4)
Cash dividends paid 0.0 (4.5)
Payments for Debtor-in-possession financing fees and backstop agreement (43.8) 0.0
Borrowings on credit facility 596.0 175.0
Reduction of long-term borrowings (9.7) (928.1)
Advances from (to) affiliates 0.0 0.0
Repayments of credit facility borrowings (15.0) (34.4)
Other (9.1) (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)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 97.2 275.1
CASH AND CASH EQUIVALENTS, END OF PERIOD 180.4 129.5
Valaris plc    
OPERATING ACTIVITIES    
Net cash used in operating activities (323.9) (125.2)
INVESTING ACTIVITIES    
Maturities of short-term investments   474.0
Purchases of short-term investments   (145.0)
Additions to property and equipment  0.0 0.0
Net proceeds from disposition of assets 0.0  
Other    0.0
Net cash used in investing activities 0.0 329.0
FINANCING ACTIVITIES    
Debt solicitation fees   0.0
Cash dividends paid   (4.5)
Payments for Debtor-in-possession financing fees and backstop agreement (43.8)  
Borrowings on credit facility 343.9 175.0
Reduction of long-term borrowings (9.7) (536.6)
Advances from (to) affiliates 89.9 74.7
Repayments of credit facility borrowings (15.0) (34.4)
Other 0.0 (5.3)
Net cash provided by (used in) financing activities 365.3 (331.1)
Effect of exchange rate changes on cash and cash equivalents 0.0 0.0
NET INCREASE IN CASH AND CASH EQUIVALENTS 41.4 (127.3)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 21.5 199.8
CASH AND CASH EQUIVALENTS, END OF PERIOD 62.9 72.5
ENSCO International Incorporated    
OPERATING ACTIVITIES    
Net cash used in operating activities 133.3 (82.3)
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
Net proceeds from disposition of assets 0.0  
Other    0.0
Net cash used in investing activities 0.0 0.0
FINANCING ACTIVITIES    
Debt solicitation fees   0.0
Cash dividends paid   0.0
Payments for Debtor-in-possession financing fees and backstop agreement 0.0  
Borrowings on credit facility 0.0 0.0
Reduction of long-term borrowings 0.0 (30.4)
Advances from (to) affiliates (133.3) 112.7
Repayments of credit facility borrowings 0.0 0.0
Other 0.0 0.0
Net cash provided by (used in) financing activities (133.3) 82.3
Effect of exchange rate changes on cash and cash equivalents 0.0 0.0
NET INCREASE 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 used in operating activities (44.2) (98.0)
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
Net proceeds from disposition of assets 0.0  
Other    0.0
Net cash used in investing activities 0.0 0.0
FINANCING ACTIVITIES    
Debt solicitation fees   0.0
Cash dividends paid   0.0
Payments for Debtor-in-possession financing fees and backstop agreement 0.0  
Borrowings on credit facility 0.0 0.0
Reduction of long-term borrowings 0.0 0.0
Advances from (to) affiliates 44.2 95.3
Repayments of credit facility borrowings 0.0 0.0
Other 0.0 0.0
Net cash provided by (used in) financing activities 44.2 95.3
Effect of exchange rate changes on cash and cash equivalents 0.0 0.0
NET INCREASE IN CASH AND CASH EQUIVALENTS 0.0 (2.7)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 0.0 2.7
CASH AND CASH EQUIVALENTS, END OF PERIOD 0.0 0.0
Other Non-Guarantor Subsidiaries of Valaris    
OPERATING ACTIVITIES    
Net cash used in operating activities (161.6) (122.0)
Rowan cash acquired   931.9
INVESTING ACTIVITIES    
Maturities of short-term investments   0.0
Purchases of short-term investments   0.0
Additions to property and equipment  (82.9) (174.2)
Net proceeds from disposition of assets 44.2  
Other    4.9
Net cash used in investing activities (38.7) 762.6
FINANCING ACTIVITIES    
Debt solicitation fees   (9.4)
Cash dividends paid   0.0
Payments for Debtor-in-possession financing fees and backstop agreement 0.0  
Borrowings on credit facility 252.1 0.0
Reduction of long-term borrowings 0.0 (361.1)
Advances from (to) affiliates (0.8) (282.7)
Repayments of credit facility borrowings 0.0 0.0
Other (9.1) (2.4)
Net cash provided by (used in) financing activities 242.2 (655.6)
Effect of exchange rate changes on cash and cash equivalents (0.1) (0.6)
NET INCREASE IN CASH AND CASH EQUIVALENTS 41.8 (15.6)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 75.7 72.6
CASH AND CASH EQUIVALENTS, END OF PERIOD 117.5 57.0
Consolidating Adjustments    
OPERATING ACTIVITIES    
Net cash 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
Net proceeds from disposition of assets 0.0  
Other    0.0
Net cash used in investing activities 0.0 0.0
FINANCING ACTIVITIES    
Debt solicitation fees   0.0
Cash dividends paid   0.0
Payments for Debtor-in-possession financing fees and backstop agreement 0.0  
Borrowings on credit facility 0.0 0.0
Reduction of long-term borrowings 0.0 0.0
Advances from (to) affiliates 0.0 0.0
Repayments of credit facility borrowings 0.0 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 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