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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
CURRENT ASSETS    
Cash and cash equivalents $ 724.1 $ 608.7
Restricted Cash 24.4 35.9
Accounts receivable, net 449.1 444.2
Other 148.6 117.8
Total current assets 1,346.2 1,206.6
PROPERTY AND EQUIPMENT, AT COST 1,134.5 957.0
Less accumulated depreciation 157.3 66.1
Property and equipment, net 977.2 890.9
Principal amount 254.0 249.1
INVESTMENT IN ARO 111.1 86.6
OTHER ASSETS 171.8 169.9
TOTAL ASSETS 2,860.3 2,603.1
CURRENT LIABILITIES    
Accounts payable - trade 256.5 225.8
Accrued liabilities and other 247.9 196.2
Liabilities, Current 504.4 422.0
LONG-TERM DEBT 542.4 545.3
OTHER LIABILITIES 515.6 558.4
Liabilities Not Subject to Compromise 1,562.4 1,525.7
COMMITMENTS AND CONTINGENCIES
VALARIS SHAREHOLDERS' EQUITY    
Common Stock, Value, Outstanding 0.8 0.8
Preferred Stock, Value, Outstanding 0.0 0.0
Warrants and Rights Outstanding 16.4 16.4
Additional paid-in capital 1,097.9 1,083.0
Retained earnings 160.1 (16.4)
Accumulated other comprehensive income 14.7 (9.1)
Total Valaris shareholders' equity 1,289.9 1,074.7
NONCONTROLLING INTERESTS 8.0 2.7
Total equity 1,297.9 1,077.4
Total liabilities and shareholders' equity $ 2,860.3 $ 2,603.1