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CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating revenues      
Dayrate revenue $ 205.8 $ 265.2 $ 327.6
Related party revenue 39.5 42.3 6.5
Total operating revenues 245.3 307.5 334.1
Gain on disposals 1.2 19.0 6.4
Operating expenses      
Rig operating and maintenance expenses (180.5) (270.4) (307.9)
Depreciation of non-current assets (119.6) (117.9) (101.4)
Impairment of non-current assets 0.0 (77.1) (11.4)
Amortization of acquired contract backlog 0.0 0.0 (20.2)
General and administrative expenses (34.7) (49.1) (50.4)
Total operating expenses (334.8) (514.5) (491.3)
Operating loss (88.3) (188.0) (150.8)
Other non-operating income 3.6 0.0 0.0
Income/(loss) from equity method investments 16.1 9.5 (9.0)
Financial income (expenses), net      
Interest income 0.0 0.2 1.5
Interest expenses, net of amounts capitalized (92.9) (87.4) (70.4)
Other financial expenses, net (21.8) (35.7) (59.2)
Total financial expenses, net (114.7) (122.9) (128.1)
Loss before income taxes (183.3) (301.4) (287.9)
Income tax expense (9.7) (16.2) (11.2)
Net loss (193.0) (317.6) (299.1)
Net loss attributable to non-controlling interests 0.0 0.0 (1.5)
Net loss attributable to shareholders of Borr Drilling Limited $ (193.0) $ (317.6) $ (297.6)
Loss per share      
Basic loss per share (in dollars per share) $ (1.43) $ (4.22) $ (5.54)
Diluted loss per share (in dollars per share) $ (1.43) $ (4.22) $ (5.54)
Weighted average number of shares outstanding, basic, during the year (in shares) 134,726,336 75,177,352 53,739,313
Weighted average number of shares outstanding, diluted, during the year (in shares) 134,726,336 75,177,352 53,739,313