| 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 |