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.

Website

www.valaris.com

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 ... Show more

Income Statement Balance Sheet Group Entities

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	2023	2022
Operating revenues	—	—	—
Revenues (exclusive of reimbursable revenues)	2,211.9^a	1,676^a	1,497.3^a
Reimbursable revenues	150.7^a	108.2^a	105.2^a
Total operating revenues	2,362.6^a	1,784.2^a	1,602.5^a
Operating expenses	—	—	—
Contract drilling expenses (exclusive of depreciation and reimbursable expenses)	-1,618.5^a	-1,440.4^a	-1,283.7^a
Reimbursable expenses	-142.4^a	-103.2^a	-99.5^a
Total contract drilling expenses (exclusive of depreciation)	-1,760.9^a	-1,543.6^a	-1,383.2^a
Loss on impairment	0^a	0^a	-34.5^a
Depreciation	-122.1^a	-101.1^a	-91.2^a
General and administrative	-116.3^a	-99.3^a	-80.9^a
Total operating expenses	-1,999.3^a	-1,744^a	-1,589.8^a
Equity in earnings (losses) of ARO	-11^a	13.3^a	24.5^a
Operating income	352.3^a	53.5^a	37.2^a
Other income (expense)	—	—	—
Interest income	86.1^a	101.4^a	65.5^a
Interest expense, net	-84.8^a	-68.9^a	-45.3^a
Other, net	16.6^a	-1.8^a	167.5^a
Total other income	17.9^a	30.7^a	187.7^a
Income before income taxes	370.2^a	84.2^a	224.9^a
Provision (benefit) for income taxes	—	—	—
Current income tax expense (benefit)	-5.4^a	-3.8^a	-35.2^a
Deferred income tax expense (benefit)	-5.8^a	-786.4^a	-7.9^a
Total provision (benefit) for income taxes	-0.4^a	-782.6^a	-43.1^a
Net income	369.8^a	866.8^a	181.8^a
Net (income) loss attributable to noncontrolling interests	3.6^a	-1.4^a	-5.3^a
Net income attributable to Valaris	373.4^a	865.4^a	176.5^a

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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

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Valaris Ltd

Valaris's Financial Statements Preview

Verified Sources Behind Valaris’s Financial Fundamentals Data

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