Overview
Diamond Offshore
Diamond Offshore Drilling is a leader in offshore drilling, providing innovation, thought leadership, and contract drilling services to solve complex deepwater challenges around the globe. Diamond Offshore has almost 15 offshore drilling rigs, including four drillships, seven semisubmersible rigs, and two managed rigs. Its principal markets include the Gulf of Mexico, Canada, South America, Australia, South East Asia, Europe, East and West Africa,
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Read More and the Mediterranean. Most of its revenue was generated from its home country, the US. In mid-2023, Diamond Offshore agreed to be acquired by Noble Corporation plc, a leading offshore drilling contractor for the oil and gas industry, for approximately $1.59 billion.
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Read More and the Mediterranean. Most of its revenue was generated from its home country, the US. In mid-2023, Diamond Offshore agreed to be acquired by Noble Corporation plc, a leading offshore drilling contractor for the oil and gas industry, for approximately $1.59 billion.
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BERNIE G WOLFORD Junior
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Support Activities for Mining
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Mining, Quarrying, and Oil and Gas Extraction
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Drilling oil and gas wells
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Modelled
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Actual
$1.06 billion
Actual
25.54%
$1,712
DEC
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NYSE:KATY
Contacts
Get in Touch with 5 Principals* and 145 Contacts
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BERNIE G WOLFORD JuniorPresident and Chief Executive Officer
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Contact 2?
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Contact 3?
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Contact 4?
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Financial Statements
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Financial data as of December 31, 2023 (12 month period) in USD
Annual Revenue 2023
$1.06 billion
USD
Actual
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2023 | 2022 | 2020 |
|---|---|---|---|
| Net Operating Cash | $12 | $9 | $8 |
| Net Investing Cash | -$120 | -$52 | -$170 |
| Net Financing Cash | $150 | $78 | $436 |
| Net Change in Cash | $41 | $35 | $274 |
| Cash at Beginning of Period | $97 | $63 | $156 |
| Cash at End of Period | $139 | $97 | $430 |
| Capital Expenditure | -$131 | -$60 | -$190 |
| Assets (mil) | 2023 | 2022 | 2020 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $124 | $63 | $406 |
| Accounts Receivable | $253 | $156 | $116 |
| Inventories | $5 | $5 | $13 |
| Other Current Assets | $75 | $94 | $91 |
| Asset Summary | |||
| Total Current Assets | $457 | $318 | $625 |
| Tangible Fixed Assets | $1,156 | $1,142 | $4,123 |
| Intangible Assets | $ | $ | $ |
| Total Assets | $1,713 | $1,528 | $4,948 |
| Liabilities (mil) | 2023 | 2022 | 2020 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $42 | $48 | $33 |
| Short-Term Debt | $ | $ | $ |
| Other Current Liabilities | $254 | $214 | $168 |
| Liability Summary | |||
| Total Current Liabilities | $296 | $262 | $201 |
| Long-Term Debt | $534 | $361 | $ |
| Other Long-Term Liabilities | $114 | $94 | $2,736 |
| Total Liabilities | $1,068 | $848 | $2,966 |
| Stakeholder's Equity (mil) | 2023 | 2022 | 2020 |
|---|---|---|---|
| Equity | |||
| Common Stock | $0 | $0 | $1 |
| Retained Earnings | -$325 | -$281 | $157 |
| Equity Summary | |||
| Total Equity | $645 | $680 | $1,983 |
| Shares Outstanding | 102,322,002 | 101,320,000 | 138,054,311 |