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.
| 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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