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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)
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
HAMILTON, Bermuda , April 4, 2024 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE: BORR) (OSE: BORR) has today received a notice of temporary suspension of operations for its rig "Arabia I", operating in Saudi Arabia. The temporary suspension will be...
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Borr Drilling: Fundamentals Remain Strong
Borr Drilling benefits from strong demand for shallow-water drilling and a constrained supply of jackup rigs. The recent sell-off triggered by Saudi Aramco's announcement does not change the fundamentals of the jackup market. BORR's stable business model and increasing dayrates...
Borr Drilling Limited - Notification of PDMR transaction
HAMILTON, Bermuda , March 6, 2024 /PRNewswire/ -- Drew Holdings Ltd., a close associate of Mr.
Borr Drilling Limited - Announces Pricing of Additional $200 Million Offering of 10.000% Senior Secured Notes due 2028
HAMILTON, Bermuda , Feb. 27, 2024 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE and OSE: BORR) announced today that its wholly-owned subsidiary Borr IHC Limited has priced an offering of an additional $200 million in aggregate principal amount of 10.000%...
Borr Drilling Limited - Q4 2023 Presentation
HAMILTON, Bermuda , Feb. 22, 2024 /PRNewswire/ -- Please find enclosed the presentation of Borr Drilling Limited's fourth quarter 2023 results to be held on the webcast/conference call at 15:00 CET (9:00 AM New York time) on February 22, 2024. ...
Borr Drilling Limited Announces Fourth Quarter and Twelve Months 2023 Results
HAMILTON, Bermuda , Feb. 22, 2024 /PRNewswire/ --Borr Drilling Limited ("Borr", "Borr Drilling" or the "Company") announces unaudited results for the three and twelve months ended December 31, 2023. Highlights Fourth Quarter of 2023 Total operating revenues of $220.6 million,...
Borr Drilling Limited - Invitation to webcast and conference call Q4 2023 results
HAMILTON, Bermuda , Feb. 19, 2024 /PRNewswire/ -- Borr Drilling Limited (NYSE: BORR) and (OSE: BORR) plans to release its financial results for the fourth quarter 2023 on Thursday, February 22, 2024. A conference call and webcast is scheduled for 15:00...
Source: https://incomestatements.info
Category: Stock Reports