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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
CURRENT ASSETS    
    Cash and cash equivalents $ 503.4 $ 368.2
    Restricted cash 12.8 12.3
    Accounts receivable, net 554.2 571.2
    Other current assets 157.0 127.0
Total current assets 1,227.4 1,078.7
PROPERTY AND EQUIPMENT, AT COST 2,461.6 2,309.4
    Less accumulated depreciation 440.0 376.5
       Property and equipment, net 2,021.6 1,932.9
LONG-TERM NOTES RECEIVABLE FROM ARO 308.5 296.2
INVESTMENT IN ARO 114.9 113.4
DEFERRED TAX ASSETS 675.5 849.5
OTHER ASSETS 155.4 149.1
 Total assets 4,503.3 4,419.8
CURRENT LIABILITIES    
Accounts payable - trade 332.3 328.5
Accrued liabilities and other 346.4 351.0
Total current liabilities 678.7 679.5
LONG-TERM DEBT 1,084.3 1,082.7
DEFERRED TAX LIABILITIES 29.4 30.1
OTHER LIABILITIES 377.6 383.2
Liabilities, Total 2,170.0 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 June 30, 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 June 30, 2025 and December 31, 2024 0.0 0.0
Stock warrants 16.4 16.4
Additional paid-in capital 1,124.6 1,113.3
Retained earnings 1,476.1 1,398.9
Accumulated other comprehensive income 36.9 34.2
Treasury shares, at cost, 5.2 shares as of June 30, 2025 and December 31, 2024 (325.1) (325.1)
Total Valaris shareholders' equity 2,329.7 2,238.5
NONCONTROLLING INTERESTS 3.6 5.8
Total shareholders' equity 2,333.3 2,244.3
Total liabilities and shareholders' equity $ 4,503.3 $ 4,419.8