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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
CURRENT ASSETS    
    Cash and cash equivalents $ 787.3 $ 724.1
Restricted Cash 18.0 24.4
    Accounts receivable, net 473.4 449.1
    Other current assets 168.7 148.6
Total current assets 1,447.4 1,346.2
PROPERTY AND EQUIPMENT, AT COST 1,276.1 1,134.5
    Less accumulated depreciation 202.4 157.3
Property, Plant and Equipment, Net, Total 1,073.7 977.2
LONG-TERM NOTES RECEIVABLE FROM ARO 268.0 254.0
INVESTMENT IN ARO 113.7 111.1
OTHER ASSETS 185.6 171.8
Total assets 3,088.4 2,860.3
CURRENT LIABILITIES    
Accounts payable - trade 364.2 256.5
Accrued liabilities and other 294.7 247.9
Total current liabilities 658.9 504.4
LONG-TERM DEBT 681.9 542.4
OTHER LIABILITIES 481.5 515.6
Total liabilities 1,822.3 1,562.4
Commitments and Contingencies
VALARIS SHAREHOLDERS' EQUITY    
Common Stock, Value, Outstanding 0.8 0.8
Preferred Stock, Value, Outstanding 0.0 0.0
Stock warrants 16.4 16.4
Additional paid-in capital 1,110.3 1,097.9
Retained earnings 177.4 160.1
Accumulated other comprehensive income 14.2 14.7
Treasury shares, at cost, 1.1 shares as of June 30, 2023 (65.0) 0.0
Total Valaris shareholders' equity 1,254.1 1,289.9
NONCONTROLLING INTERESTS 12.0 8.0
Total equity 1,266.1 1,297.9
Total liabilities and shareholders' equity $ 3,088.4 $ 2,860.3