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Consolidated Balance Sheets - USD ($)
shares in Thousands, $ in Millions
Dec. 31, 2024
Dec. 31, 2023
CURRENT ASSETS    
Cash and cash equivalents $ 368.2 $ 620.5
Restricted Cash 12.3 15.2
Accounts receivable, net 571.2 459.3
Other 127.0 177.2
Total current assets 1,078.7 1,272.2
PROPERTY AND EQUIPMENT, AT COST 2,309.4 1,889.0
Less accumulated depreciation 376.5 255.2
Property and equipment, net 1,932.9 1,633.8
LONG-TERM NOTES RECEIVABLE FROM ARO 296.2 282.3
INVESTMENT IN ARO 113.4 124.4
Deferred Income Tax Assets, Net 849.5 855.1
OTHER ASSETS 149.1 154.4
TOTAL ASSETS 4,419.8 4,322.2
CURRENT LIABILITIES    
Accounts payable - trade 328.5 400.1
Accrued liabilities and other 351.0 344.2
Liabilities, Current 679.5 744.3
LONG-TERM DEBT 1,082.7 1,079.3
Deferred Tax Liabilities, Net 30.1 29.9
OTHER LIABILITIES 383.2 471.7
Liabilities 2,175.5 2,325.2
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 1,113.3 1,119.8
Retained earnings 1,398.9 1,025.5
Accumulated other comprehensive income 34.2 25.2
Treasury Stock, Common, Value (325.1) (200.1)
Total Valaris shareholders' equity 2,238.5 1,987.6
NONCONTROLLING INTERESTS 5.8 9.4
Total equity 2,244.3 1,997.0
Total liabilities and shareholders' equity $ 4,419.8 $ 4,322.2
Treasury Stock, Common, Shares 5,200 3,000