Borr Drilling Limited (BORR) Income Statement Analysis

See more : Repsol, S.A. (REP.MC) Income Statement Analysis – Financial Results

Complete financial analysis of Borr Drilling Limited (BORR) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Borr Drilling Limited, a leading company in the Oil & Gas Drilling industry within the Energy sector.

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Borr Drilling Limited (BORR)

Industry: Oil & Gas Drilling

Sector: Energy

Website: https://www.borrdrilling.com

About Borr Drilling Limited

Borr Drilling Limited operates as an offshore drilling contractor to the oil and gas industry worldwide. It owns, contracts, and operates jack-up rigs for operations in shallow-water areas, including the provision of related equipment and work crews to conduct oil and gas drilling and workover operations for exploration and production. The company serves oil and gas exploration and production companies, such as integrated oil companies, state-owned national oil companies, and independent oil and gas companies. As of December 31, 2021, it operated a fleet of 23 jack-up drilling rigs. The company was formerly known as Magni Drilling Limited and changed its name to Borr Drilling Limited in December 2016. Borr Drilling Limited was incorporated in 2016 and is based in Hamilton, Bermuda.

Metric	2023	2022	2021	2020	2019	2018	2017	2016
Revenue	771.60M	443.80M	245.30M	307.50M	334.10M	164.90M	100.00K	0.00
Cost of Revenue	348.60M	116.50M	119.60M	117.90M	121.60M	103.70M	47.90M	0.00
Gross Profit	423.00M	327.30M	125.70M	189.60M	212.50M	61.20M	-47.80M	0.00
Gross Profit Ratio	54.82%	73.75%	51.24%	61.66%	63.60%	37.11%	-47,800.00%	0.00%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	43.30M	36.80M	34.70M	49.10M	50.40M	38.70M	21.00M	1.92M
Selling & Marketing	1.80M	0.00	0.00	0.00	0.00	0.00	0.00	-1.19M
SG&A	45.10M	36.80M	34.70M	49.10M	50.40M	38.70M	21.00M	734.70K
Other Expenses	116.80M	264.90M	180.50M	270.40M	307.90M	180.10M	36.20M	0.00
Operating Expenses	47.43M	301.70M	215.20M	319.50M	358.30M	218.80M	57.20M	734.70K
Cost & Expenses	521.20M	418.20M	334.80M	437.40M	479.90M	322.50M	105.10M	734.70K
Interest Income	-1.62M	5.40M	99.40M	200.00K	1.50M	1.20M	3.20M	0.00
Interest Expense	186.28M	125.40M	92.90M	87.40M	70.40M	13.70M	500.00K	0.00
Depreciation & Amortization	121.83M	114.27M	116.47M	129.63M	121.81M	97.47M	21.43M	1.92M
EBITDA	361.24M	-2.00M	29.20M	-105.33M	-72.22M	-80.40M	-67.00M	1.19M
EBITDA Ratio	46.82%	22.94%	11.41%	0.10%	-22.66%	-48.76%	-58,600.00%	0.00%
Operating Income	250.40M	-14.70M	-91.60M	-117.60M	-145.80M	131.40M	-109.70M	-734.70K
Operating Income Ratio	32.45%	-3.31%	-37.34%	-38.24%	-43.64%	79.68%	-109,700.00%	0.00%
Total Other Income/Expenses	-194.30M	-172.50M	-91.70M	-113.40M	-137.10M	-57.00M	21.70M	0.00
Income Before Tax	56.10M	-274.40M	-183.30M	-289.00M	-296.90M	-188.40M	-88.00M	-734.70K
Income Before Tax Ratio	7.27%	-61.83%	-74.72%	-93.98%	-88.87%	-114.25%	-88,000.00%	0.00%
Income Tax Expense	34.00M	18.40M	9.70M	16.20M	11.20M	2.50M	-21.70M	1.95K
Net Income	22.10M	-292.80M	-193.00M	-305.20M	-308.10M	-190.50M	-88.00M	-736.65K
Net Income Ratio	2.86%	-65.98%	-78.68%	-99.25%	-92.22%	-115.52%	-88,000.00%	0.00%
EPS	0.09	-1.64	-1.43	-4.06	-5.73	-3.70	-3.40	-0.73
EPS Diluted	0.09	-1.64	-1.43	-4.06	-5.73	-3.70	-3.31	-0.73
Weighted Avg Shares Out	244.27M	178.40M	134.73M	75.18M	53.74M	51.44M	25.86M	1.01M
Weighted Avg Shares Out (Dil)	248.15M	178.40M	134.73M	75.18M	53.74M	51.44M	26.56M	1.01M

Borr Drilling Limited - Contracting Update

July 26, 2024prnewswire.com

HAMILTON, Bermuda , July 26, 2024 /PRNewswire/ -- Borr Drilling Limited (NYSE: BORR) (OSE: BORR) is pleased to announce new contract commitments for three of its premium jack-up rigs, the "Arabia I", the "Gunnlod" and the "Norve". These commitments cover a...

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Borr Drilling: Generous Dividend Increase Is A Strong Sign Of Confidence - Hold

June 9, 2024seekingalpha.com

Last month, leading offshore driller Borr Drilling reported Q1/2024 results somewhat below estimates due to a combination of slightly lower-than-expected revenues and higher financial and tax expenses. Adjusted EBITDA margin of 49.9% reached new all-time highs with the company outperforming...

Borr Drilling Limited - Notice of Annual General Meeting 2024

June 7, 2024prnewswire.com

HAMILTON, Bermuda , June 7, 2024 /PRNewswire/ -- The Annual General Meeting of Shareholders of Borr Drilling Limited (the "Company") will be held on August 14, 2024, in Bermuda. A copy of the Notice of Annual General Meeting and Form...