XML 18 R3.htm IDEA: XBRL DOCUMENT v3.25.0.1
Consolidated Statements Of Operations - USD ($)
shares in Thousands, $ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Income Statement [Abstract]      
Revenues Excluding Reimbursable Revenues $ 2,211.9 $ 1,676.0 $ 1,497.3
Reimbursable Revenues 150.7 108.2 105.2
Total operating revenues 2,362.6 1,784.2 1,602.5
OPERATING EXPENSES      
Contract Drilling Expenses Exclusive of Depreciation and Reimbursable Expenses 1,618.5 1,440.4 1,283.7
Reimbursable Expenses 142.4 103.2 99.5
Cost of Goods and Services Sold 1,760.9 1,543.6 1,383.2
Loss on impairment 0.0 0.0 34.5
Depreciation 122.1 101.1 91.2
General and administrative 116.3 99.3 80.9
Total operating expenses 1,999.3 1,744.0 1,589.8
EQUITY IN EARNINGS (LOSSES) OF ARO (11.0) 13.3 24.5
OPERATING INCOME 352.3 53.5 37.2
OTHER INCOME (EXPENSE)      
Interest income 86.1 101.4 65.5
Interest expense, net 84.8 68.9 45.3
Other, net 16.6 (1.8) 167.5
Other income (expense), net 17.9 30.7 187.7
INCOME BEFORE INCOME TAXES 370.2 84.2 224.9
PROVISION (BENEFIT) FOR INCOME TAXES      
Current income tax expense (5.4) 3.8 35.2
Deferred income tax expense (benefit) 5.8 (786.4) 7.9
Total provision for income taxes 0.4 (782.6) 43.1
NET INCOME 369.8 866.8 181.8
NET (INCOME) LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS 3.6 (1.4) (5.3)
NET INCOME ATTRIBUTABLE TO VALARIS $ 373.4 $ 865.4 $ 176.5
EARNINGS PER SHARE      
Basic $ 5.18 $ 11.68 $ 2.35
Diluted $ 5.12 $ 11.51 $ 2.33
WEIGHTED-AVERAGE SHARES OUTSTANDING      
Basic 72,100 74,100 75,100
Diluted 72,900 75,200 75,600