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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
CURRENT ASSETS    
Cash and cash equivalents $ 620.5 $ 724.1
Restricted Cash 15.2 24.4
Accounts receivable, net 459.3 449.1
Other 177.2 148.6
Total current assets 1,272.2 1,346.2
PROPERTY AND EQUIPMENT, AT COST 1,889.0 1,134.5
Less accumulated depreciation 255.2 157.3
Property and equipment, net 1,633.8 977.2
LONG-TERM NOTES RECEIVABLE FROM ARO 282.3 254.0
INVESTMENT IN ARO 124.4 111.1
Deferred Income Tax Assets, Net 855.1 55.1
OTHER ASSETS 154.4 116.7
TOTAL ASSETS 4,322.2 2,860.3
CURRENT LIABILITIES    
Accounts payable - trade 400.1 256.5
Accrued liabilities and other 344.2 247.9
Liabilities, Current 744.3 504.4
LONG-TERM DEBT 1,079.3 542.4
Deferred Tax Liabilities, Net 29.9 16.1
OTHER LIABILITIES 471.7 499.5
Liabilities 2,325.2 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
Warrants and Rights Outstanding 16.4 16.4
Additional paid-in capital 1,119.8 1,097.9
Retained earnings 1,025.5 160.1
Accumulated other comprehensive income 25.2 14.7
Treasury Stock, Common, Value (200.1) 0.0
Total Valaris shareholders' equity 1,987.6 1,289.9
NONCONTROLLING INTERESTS 9.4 8.0
Total equity 1,997.0 1,297.9
Total liabilities and shareholders' equity $ 4,322.2 $ 2,860.3