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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
CURRENT ASSETS    
    Cash and cash equivalents $ 441.4 $ 368.2
    Restricted cash 12.3 12.3
    Accounts receivable, net 557.7 571.2
Disposal Group, Including Discontinued Operation, Assets 7.0 0.0
    Other current assets 139.4 127.0
Total current assets 1,157.8 1,078.7
PROPERTY AND EQUIPMENT, AT COST 2,381.6 2,309.4
    Less accumulated depreciation 404.5 376.5
       Property and equipment, net 1,977.1 1,932.9
LONG-TERM NOTES RECEIVABLE FROM ARO 302.3 296.2
INVESTMENT IN ARO 116.0 113.4
DEFERRED TAX ASSETS 679.0 849.5
OTHER ASSETS 154.6 149.1
Assets, Total 4,386.8 4,419.8
CURRENT LIABILITIES    
Accounts payable - trade 329.3 328.5
Accrued liabilities and other 365.3 351.0
Total current liabilities 694.6 679.5
LONG-TERM DEBT 1,083.5 1,082.7
DEFERRED TAX LIABILITIES 29.4 30.1
OTHER LIABILITIES 367.8 383.2
Liabilities, Total 2,175.3 2,175.5
COMMITMENTS AND CONTINGENCIES (Note 11)
VALARIS SHAREHOLDERS' EQUITY    
Common Shares, $0.01 par value, 700.0 shares authorized, 76300000 and 76200000 shares issued, 71100000 and 71000000 shares outstanding as of March 31, 2025 and December 31, 2024, respectively 0.8 0.8
Preference shares, $0.01 par value, 150.0 shares authorized, no shares issued as of March 31, 2025 and December 31, 2024 0.0 0.0
Stock warrants 16.4 16.4
Additional paid-in capital 1,118.6 1,113.3
Retained earnings 1,361.0 1,398.9
Accumulated other comprehensive income 35.3 34.2
Treasury shares, at cost, 5.2 shares as of March 31, 2025 and December 31, 2024 (325.1) (325.1)
Total Valaris shareholders' equity 2,207.0 2,238.5
NONCONTROLLING INTERESTS 4.5 5.8
Total shareholders' equity 2,211.5 2,244.3
Total liabilities and shareholders' equity $ 4,386.8 $ 4,419.8