XML 15 R4.htm IDEA: XBRL DOCUMENT v3.25.3
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 402,000 $ 478,000
Restricted cash 26,000 27,000
Accounts receivables, net 179,000 193,000
Other current assets 223,000 230,000
Total current assets 830,000 928,000
Non-current assets    
Equity method investment 71,000 68,000
Drilling units, net of accumulated depreciation of 615 as of September 30, 2025 (December 31, 2024: 430) 2,992,000 2,946,000
Deferred tax assets 47,000 63,000
Equipment 4,000 5,000
Other non-current assets 123,000 146,000
Total non-current assets 3,237,000 3,228,000
Total assets 4,067,000 4,156,000
Current liabilities    
Trade accounts payable 72,000 118,000
Other current liabilities 367,000 383,000
Total current liabilities 439,000 501,000
Non-current liabilities    
Long-term debt 612,000 610,000
Deferred tax liabilities 14,000 11,000
Other non-current liabilities 137,000 116,000
Total non-current liabilities 763,000 737,000
Commitments and contingencies (see Note 13)
Shareholders' equity    
Common shares of par value $0.01 per share: 375,000,000 shares authorized as of September 30, 2025 (December 31, 2024: 375,000,000) and 62,374,171 issued as of September 30, 2025 (December 31, 2024: 62,154,422) 623 622
Additional paid-in capital 1,983,000 1,969,000
Accumulated other comprehensive income 1,000 1,000
Retained earnings 880,000 947,000
Total shareholders' equity 2,865,000 2,918,000
Total liabilities and shareholders' equity $ 4,067,000 $ 4,156,000