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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
CURRENT ASSETS    
    Cash and cash equivalents $ 494.1 $ 620.5
Restricted Cash 15.0 15.2
    Accounts receivable, net 510.9 459.3
    Other current assets 177.6 177.2
Total current assets 1,197.6 1,272.2
PROPERTY AND EQUIPMENT, AT COST 2,014.0 1,889.0
    Less accumulated depreciation 281.7 255.2
Property, Plant and Equipment, Net, Total 1,732.3 1,633.8
LONG-TERM NOTES RECEIVABLE FROM ARO 289.3 282.3
INVESTMENT IN ARO 126.8 124.4
DEFERRED TAX ASSETS 854.8 855.1
OTHER ASSETS 153.6 154.4
Total assets 4,354.4 4,322.2
CURRENT LIABILITIES    
Accounts payable - trade 394.2 400.1
Accrued liabilities and other 366.5 344.2
Total current liabilities 760.7 744.3
LONG-TERM DEBT 1,080.1 1,079.3
Deferred Income Tax Liabilities, Net 31.6 29.9
OTHER LIABILITIES 451.7 471.7
Total liabilities 2,324.1 2,325.2
COMMITMENTS AND CONTINGENCIES
VALARIS SHAREHOLDERS' EQUITY    
Common shares, $0.01 par value, 700.0 shares authorized, 75.4 shares issued, 72.4 shares outstanding as of March 31, 2024 and December 31, 2023 0.8 0.8
Preference shares, $0.01 par value, 150.0 shares authorized, no shares issued as of March 31, 2024 and December 31, 2023 0.0 0.0
Stock warrants 16.4 16.4
Additional paid-in capital 1,127.7 1,119.8
Retained earnings 1,051.0 1,025.5
Accumulated other comprehensive income 25.1 25.2
Treasury shares, at cost, 3.0 shares as of March 31, 2024 and December 31, 2023 (200.1) (200.1)
Total Valaris shareholders' equity 2,020.9 1,987.6
NONCONTROLLING INTERESTS 9.4 9.4
Total equity 2,030.3 1,997.0
Total liabilities and shareholders' equity $ 4,354.4 $ 4,322.2