XML 61 R41.htm IDEA: XBRL DOCUMENT v3.21.2
Fresh Start Accounting - Condensed Balance Sheet (Details) - USD ($)
$ in Thousands
Sep. 30, 2021
Apr. 30, 2021
Dec. 31, 2020
Sep. 30, 2020
Reorganization, Chapter 11 [Line Items]        
    Cash and cash equivalents $ 620,800 $ 607,600 $ 325,800  
Restricted cash 33,900 88,400 11,400  
    Accounts receivable, net 455,800 425,900 449,200  
    Other current assets 117,000 90,500 386,500  
Assets, Current 1,227,500 1,212,400 1,172,900  
       Property and equipment, net 892,300 909,100 10,960,500 $ 11,082,400
Due from Joint Ventures, Noncurrent 241,300 228,300 442,700  
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures 87,900 80,500 120,900  
OTHER ASSETS 153,500 165,300 176,200  
Total assets 2,602,500 2,595,600 12,873,200  
Accounts payable - trade 203,000 174,100 176,400  
Fair value adjustment to lease liabilities   216,500    
Liabilities, Current 426,800 390,600 426,800  
LONG-TERM DEBT   544,800    
OTHER LIABILITIES 591,300 565,400 762,400  
Liabilities Not Subject to Compromise 1,563,200 1,500,800 1,189,200  
LIABILITIES SUBJECT TO COMPROMISE 0 0 7,313,700  
Successor stock warrants 16,400 16,400 0  
Predecessor additional paid-in capital   0    
Successor additional paid-in capital 1,080,300 1,078,700 8,639,900  
Retained deficit (60,700) 0 (4,183,800)  
Accumulated other comprehensive loss (200) 0 (87,900)  
Treasury Stock, Value 0 0 (76,200)  
ENSCO SHAREHOLDERS' EQUITY 1,036,600 1,095,900 4,374,600  
NONCONTROLLING INTERESTS 2,700 (1,100) (4,300)  
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 1,039,300 1,094,800 4,370,300  
Total liabilities and shareholders' equity 2,602,500 2,595,600 12,873,200  
Predecessor Class A ordinary shares        
Reorganization, Chapter 11 [Line Items]        
Common shares, value 0 0 82,500  
Predecessor Class B ordinary shares        
Reorganization, Chapter 11 [Line Items]        
Common shares, value 0 0 100  
Common Stock [Member]        
Reorganization, Chapter 11 [Line Items]        
Common shares, value $ 800 800 $ 0  
Predecessor        
Reorganization, Chapter 11 [Line Items]        
    Cash and cash equivalents   280,200    
Restricted cash   45,700    
    Accounts receivable, net   425,900    
    Other current assets   370,100    
Assets, Current   1,121,900    
       Property and equipment, net   10,026,400    
Due from Joint Ventures, Noncurrent   442,700    
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures   123,900    
OTHER ASSETS   166,400    
Total assets   11,881,300    
Accounts payable - trade   161,500    
Fair value adjustment to lease liabilities   290,700    
Liabilities, Current   452,200    
LONG-TERM DEBT   0    
OTHER LIABILITIES   706,200    
Liabilities Not Subject to Compromise   1,158,400    
LIABILITIES SUBJECT TO COMPROMISE   7,313,700    
Common shares, value   0    
Successor stock warrants   0    
Predecessor additional paid-in capital   8,644,000    
Successor additional paid-in capital   0    
Retained deficit   (5,147,400)    
Accumulated other comprehensive loss   (93,400)    
Treasury Stock, Value   (75,500)    
ENSCO SHAREHOLDERS' EQUITY   3,410,300    
NONCONTROLLING INTERESTS   (1,100)    
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest   3,409,200    
Total liabilities and shareholders' equity   11,881,300    
Predecessor | Predecessor Class A ordinary shares        
Reorganization, Chapter 11 [Line Items]        
Common shares, value   82,500    
Predecessor | Predecessor Class B ordinary shares        
Reorganization, Chapter 11 [Line Items]        
Common shares, value   100    
Reorganization Adjustments        
Reorganization, Chapter 11 [Line Items]        
    Cash and cash equivalents   327,400    
Restricted cash   42,700    
    Accounts receivable, net   0    
    Other current assets   1,500    
Assets, Current   371,600    
       Property and equipment, net   (417,600)    
Due from Joint Ventures, Noncurrent   0    
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures   0    
OTHER ASSETS   (10,000)    
Total assets   (56,000)    
Accounts payable - trade   13,100    
Fair value adjustment to lease liabilities   (12,400)    
Liabilities, Current   700    
LONG-TERM DEBT   544,800    
OTHER LIABILITIES   (55,200)    
Liabilities Not Subject to Compromise   490,300    
LIABILITIES SUBJECT TO COMPROMISE   (7,313,700)    
Common shares, value   800    
Successor stock warrants   16,400    
Predecessor additional paid-in capital   (8,644,000)    
Successor additional paid-in capital   1,078,700    
Retained deficit   14,322,600    
Accumulated other comprehensive loss   0    
Treasury Stock, Value   75,500    
ENSCO SHAREHOLDERS' EQUITY   6,767,400    
NONCONTROLLING INTERESTS   0    
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest   6,767,400    
Total liabilities and shareholders' equity   (56,000)    
Reorganization Items   (5,671,900)    
Backstop Commitment Agreement, Backstop Premium For Retained Deficit   30,000    
Reorganization Adjustments | Predecessor Class A ordinary shares        
Reorganization, Chapter 11 [Line Items]        
Common shares, value   (82,500)    
Reorganization Adjustments | Predecessor Class B ordinary shares        
Reorganization, Chapter 11 [Line Items]        
Common shares, value   (100)    
Fresh Start Accounting Adjustments        
Reorganization, Chapter 11 [Line Items]        
    Cash and cash equivalents   0    
Restricted cash   0    
    Accounts receivable, net   0    
    Other current assets   (281,100)    
Assets, Current   (281,100)    
       Property and equipment, net   (8,699,700)    
Due from Joint Ventures, Noncurrent   (214,400)    
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures   (43,400)    
OTHER ASSETS   8,900    
Total assets   (9,229,700)    
Accounts payable - trade   (500)    
Fair value adjustment to lease liabilities   (61,800)    
Liabilities, Current   (62,300)    
LONG-TERM DEBT   0    
OTHER LIABILITIES   (85,600)    
Liabilities Not Subject to Compromise   (147,900)    
LIABILITIES SUBJECT TO COMPROMISE   0    
Common shares, value   0    
Successor stock warrants   0    
Predecessor additional paid-in capital   0    
Successor additional paid-in capital   0    
Retained deficit   (9,175,200)    
Accumulated other comprehensive loss   93,400    
Treasury Stock, Value   0    
ENSCO SHAREHOLDERS' EQUITY   (9,081,800)    
NONCONTROLLING INTERESTS   0    
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest   (9,081,800)    
Total liabilities and shareholders' equity   (9,229,700)    
Fresh Start Accounting Adjustments | Predecessor Class A ordinary shares        
Reorganization, Chapter 11 [Line Items]        
Common shares, value   0    
Fresh Start Accounting Adjustments | Predecessor Class B ordinary shares        
Reorganization, Chapter 11 [Line Items]        
Common shares, value   $ 0