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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
CURRENT ASSETS    
    Cash and cash equivalents $ 379.3 $ 620.5
Restricted Cash 12.9 15.2
    Accounts receivable, net 555.8 459.3
    Other current assets 163.5 177.2
Total current assets 1,111.5 1,272.2
PROPERTY AND EQUIPMENT, AT COST 2,185.4 1,889.0
    Less accumulated depreciation 342.7 255.2
Property, Plant and Equipment, Net, Total 1,842.7 1,633.8
LONG-TERM NOTES RECEIVABLE FROM ARO 265.4 282.3
INVESTMENT IN ARO 102.7 124.4
DEFERRED TAX ASSETS 837.0 855.1
OTHER ASSETS 174.1 154.4
Total assets 4,333.4 4,322.2
CURRENT LIABILITIES    
Accounts payable - trade 303.7 400.1
Accrued liabilities and other 388.6 344.2
Total current liabilities 692.3 744.3
LONG-TERM DEBT 1,081.8 1,079.3
Deferred Income Tax Liabilities, Net 31.1 29.9
OTHER LIABILITIES 404.4 471.7
Total liabilities 2,209.6 2,325.2
COMMITMENTS AND CONTINGENCIES (Note 11)
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 1,108.2 1,119.8
Retained earnings 1,265.2 1,025.5
Accumulated other comprehensive income 24.4 25.2
Treasury Stock, Common, Value (300.1) (200.1)
Total Valaris shareholders' equity 2,114.9 1,987.6
NONCONTROLLING INTERESTS 8.9 9.4
Total equity 2,123.8 1,997.0
Total liabilities and shareholders' equity $ 4,333.4 $ 4,322.2