← Borr Drilling Ltd
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | — | — | — | — | ($193.0m) |
($292.8m)
-51.71%
|
$22.1m
+107.55%
|
$82.1m
+271.49%
|
$45.0m
-45.19%
|
$32.9m
-26.89%
|
|
| Depreciation of non-current assets | $21.2m | $79.5m | $101.4m | $117.9m | $119.6m | $116.5m | $117.4m | $131.2m | $148.0m | $154.6m | |
| Amortization of deferred mobilization and contract preparation costs | — | — | — | $28.9m | $12.6m | $36.7m | $44.6m | $55.7m | $49.0m | — | |
| Amortization of deferred mobilization, demobilization and other revenue | — | — | — | ($15.9m) | ($5.9m) | ($22.1m) | ($61.9m) | ($96.9m) | ($49.7m) | — | |
| Amortization of debt discount | — | — | — | — | $0 | $0 | $1.0m | $6.8m | $6.8m | — | |
| Amortization of debt premium | — | — | — | — | — | $0 | $0 | ($1.3m) | ($2.7m) | — | |
| Amortization of deferred finance charges | — | — | $3.6m | $5.6m | $6.5m | $7.9m | $21.3m | $11.5m | $13.4m | — | |
| Deferred income tax | $0 | ($500k) | $1.4m | $1.1m | ($500k) | ($2.1m) | ($16.5m) | $700k | ($3.2m) | ($2.5m) | |
| Non-cash share-based compensation expense | $8.2m | $3.7m | $3.9m | $700k | $900k | $2.6m | $5.6m | $9.1m | $11.3m | — | |
| Loss / (income) from equity method investments | $0 | $0 | $9.0m | ($9.5m) | ($16.1m) | ($1.2m) | ($4.9m) | $1.2m | $2.7m | — | |
| Trade payables and accrued expenses | — | — | — | — | — | — | ($10.1m) | $37.2m | ($22.4m) | — | |
| Accrued interest | — | — | $0 | $41.1m | $29.0m | ($35.8m) | ($66.1m) | ($5.4m) | $5.8m | — | |
| Other current and non-current assets | ($16.5m) | ($24.8m) | ($25.8m) | $41.3m | ($11.5m) | ($139.2m) | ($107.7m) | ($218.2m) | ($61.5m) | — | |
| Other current and non-current liabilities | — | — | $41.2m | ($9.9m) | $10.7m | $173.2m | $44.9m | $106.1m | $25.6m | — | |
| Non-cash offset of other current and non-current assets and jack-up drilling rigs, net | — | — | — | — | — | — | $0 | ($9.3m) | ($10.0m) | — | |
| Net cash provided by / (used in) operating activities | ($184.9m) |
($135.2m)
+26.88%
|
($89.0m)
+34.17%
|
($54.8m)
+38.43%
|
($58.9m)
-7.48%
|
$62.5m
+206.11%
|
($50.7m)
-181.12%
|
$77.3m
+252.47%
|
$251.9m
+225.87%
|
$161.3m
-35.97%
|
|
| Purchase of property, plant and equipment | ($100k) | ($7.8m) | ($1.9m) | $0 | ($100k) | ($1.8m) | ($1.5m) | ($500k) | ($300k) | — | |
| Net cash used in investing activities | ($1.3b) | ($560.1m) | ($271.1m) | ($119.7m) | $40.9m | ($82.6m) | ($104.2m) | ($409.4m) | ($124.5m) | ($282.3m) | |
| Repayment of debt | — | — | — | $0 | $0 | ($355.5m) | ($1.8b) | ($286.1m) | ($141.5m) | ($279.0m) | |
| Debt proceeds, gross of premium / (net of discount and issuance costs) | — | — | — | — | $0 | $150.0m | $1.9b | $672.0m | $159.3m | — | |
| Net cash provided by financing activities | $1.5b |
$583.5m
-61.26%
|
$397.3m
-31.91%
|
$65.2m
-83.59%
|
$44.8m
-31.29%
|
$92.6m
+106.70%
|
$139.0m
+50.11%
|
$292.0m
+110.07%
|
$190.8m
-34.66%
|
$196.7m
+3.09%
|
|
| Net increase / (decrease) in cash, cash equivalents and restricted cash | $65.0m | ($111.8m) | $37.2m | ($109.3m) | $26.8m | $72.5m | ($15.9m) | ($40.1m) | $318.2m | — | |
| Cash, cash equivalents and restricted cash at beginning of the year | $203.1m | $91.3m | $128.5m | $19.2m | $46.0m | $118.5m | $102.6m | $62.5m | $380.7m | — | |
| Restricted cash | — | — | $69.4m | $0 | $3.3m | $2.5m | $100k | $900k | $1.0m | — | |
| Non-current restricted cash | — | — | $0 | $0 | $7.8m | $8.0m | $0 | $0 | $0 | — | |
| Additional Supplementary Disclosures | |||||||||||
| Additional Supplementary Disclosures | |||||||||||
| Bank commitment, guarantee and other fees | — | — | — | $0 | $0 | $15.7m | ($2.9m) | $0 | $4.4m | — | |
| Effective interest rate adjustments | — | — | $4.7m | $5.0m | $3.7m | $2.8m | ($19.7m) | $0 | $0 | — | |
| Amounts due from related parties | — | — | — | — | — | ($17.0m) | ($29.4m) | $4.0m | $79.4m | — | |
| Repayment of loan from joint venture | — | — | ($30.8m) | ($25.5m) | $46.5m | $0 | $9.8m | $0 | $0 | — | |
| Deposit for acquisition of jack-up drilling rigs | — | — | — | — | — | — | $0 | $0 | ($36.0m) | — | |
| Additions to newbuildings | ($785.2m) | ($362.4m) | ($142.6m) | ($5.0m) | $0 | $0 | ($1.3m) | ($354.1m) | $0 | — | |
| Additions to jack-up drilling rigs | ($119.8m) | ($23.4m) | ($127.3m) | ($37.4m) | ($18.8m) | ($81.5m) | ($111.2m) | ($54.8m) | ($88.2m) | — | |
| Proceeds from share issuance, net of issuance costs | — | — | — | $60.2m | $44.8m | $298.1m | $58.1m | $0 | $177.2m | — | |
| Cash distributions paid | — | — | — | — | — | $0 | $0 | ($76.3m) | ($4.7m) | — | |
| Purchase of treasury shares | ($8.4m) | ($19.7m) | $0 | $0 | $0 | $0 | ($800k) | ($19.9m) | ($200k) | — | |
| Proceeds from exercise of share options | — | — | — | — | $0 | $0 | $800k | $2.3m | $700k | — | |
| Interest paid | $0 | ($8.6m) | ($69.0m) | ($40.1m) | ($57.2m) | ($83.9m) | ($217.4m) | ($186.9m) | ($205.1m) | $205.0m | |
| Cash and cash equivalents | — | — | $59.1m | $19.2m | $34.9m | $108.0m | $102.5m | $61.6m | $379.7m | $171.2m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.