Valaris Ltd

Common Name
Valaris
Country
Bermuda
Sector
Energy
Industry
Oil & Gas Equipment & Services
Employees
4,130
Ticker
VAL
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
Valaris Ltd. is a prominent player in the offshore drilling services industry, providing comprehensive drilling solutions for the oil and natural gas sectors. As an operator of one of the largest and ...

Valaris's Financial Statements Preview

Below are the financial statements of Valaris, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.

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All figures in millions of USD
2024 as of 2024-12-31
2023 as of 2023-12-31
Assets
Current assets
Cash and cash equivalents
368.2a
620.5a
Restricted cash
12.3a
15.2a
Accounts receivable, net
571.2a
459.3a
Other current assets
127a
177.2a
Total current assets
1,078.7a
1,272.2a
Property and equipment, at cost
2,309.4a
1,889a
Less accumulated depreciation
376.5a
255.2a
Property and equipment, net
1,932.9a
1,633.8a
Long-term notes receivable from ARO
296.2a
282.3a
Investment in ARO
113.4a
124.4a
Deferred tax assets
849.5a
855.1a
Other assets
149.1a
154.4a
Total assets
4,419.8a
4,322.2a
Liabilities and shareholders' equity
Current liabilities
Accounts payable - trade
328.5a
400.1a
Accrued liabilities and other
351a
344.2a
Total current liabilities
679.5a
744.3a
Long-term debt
1,082.7a
1,079.3a
Deferred tax liabilities
30.1a
29.9a
Other liabilities
383.2a
471.7a
Total liabilities
2,175.5a
2,325.2a
Valaris shareholders' equity
Common shares
0.8a
0.8a
Preference shares
0a
0a
Stock warrants
16.4a
16.4a
Additional paid-in capital
1,113.3a
1,119.8a
Retained earnings
1,398.9a
1,025.5a
Accumulated other comprehensive income
34.2a
25.2a
Treasury shares, at cost
-325.1a
-200.1a
Total Valaris shareholders' equity
2,238.5a
1,987.6a
Noncontrolling interests
5.8a
9.4a
Total shareholders' equity
2,244.3a
1,997a
Total liabilities and shareholders' equity
4,419.8a
4,322.2a
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Verified Sources Behind Valaris’s Financial Fundamentals Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Valaris’s data sources below and access millions more through our Disclosure Search.

a. Valaris's 10-K 2024
a. Valaris's 10-K 2024
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