See more : CompuGroup Medical SE & Co. KGaA (CMPUY) 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.
You may be interested
- Compagnie de Saint-Gobain S.A. (SGO.PA) Income Statement Analysis – Financial Results
- Versus Systems Inc. (VS) Income Statement Analysis – Financial Results
- Digital China Information Service Company Ltd. (000555.SZ) Income Statement Analysis – Financial Results
- OboTech Acquisition SE (OTA.DE) Income Statement Analysis – Financial Results
- Pacific Basin Shipping Limited (PCFBF) Income Statement Analysis – Financial Results
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 - Notice of Special General Meeting of Shareholders
HAMILTON, Bermuda , Nov. 17, 2023 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE: BORR) and (OSE: BORR) advises that the Company will hold a Special General Meeting on Friday, December 22nd, 2023 to approve a reduction of the Company's...
Borr Drilling Limited (BORR) Q3 2023 Earnings Call Transcript
Borr Drilling Limited (NYSE:BORR ) Q3 2023 Results Conference Call November 16, 2023 9:00 AM ET Company Participants Patrick Schorn - Chief Executive Officer Magnus Vaaler - Chief Financial Officer Bruno Morand - Chief Commercial Officer Conference Call Participants Fredrik...
Borr Drilling Limited - Q3 2023 Presentation
HAMILTON, Bermuda , Nov. 16, 2023 /PRNewswire/ -- Please find enclosed the presentation of Borr Drilling Limited's third quarter 2023 results to be held on the webcast/conference call at 15:00 CET (9:00 AM New York time) on November 16, 2023. In...
Borr Drilling Limited Announces Third Quarter and Nine Months 2023 Results
HAMILTON, Bermuda , Nov. 16, 2023 /PRNewswire/ -- Borr Drilling Limited ("Borr", "Borr Drilling" or the "Company") announces unaudited results for the three and nine months ended September 30, 2023. Highlights Third Quarter of 2023 Total operating revenues of $191.5 million,...
Borr Drilling: The Rating Agencies Are Turning Positive Too
Borr Drilling completed a successful refinancing, pushing most of its maturities out to 2028-2030. The rating agencies have turned positive on the improving industry fundamentals, suggesting the debt will be less of a concern going forward. The leverage should now...
Borr Drilling - Refinancing Terms Disappoint But Weakness Seems Overdone
Two weeks ago, leading shallow water offshore driller Borr Drilling successfully refinanced the majority of its debt obligations with an aggregate $1.54 billion in new senior secured notes. However, surging interest rates in combination with a recent earnings warning resulted...
Borr Drilling Limited - Invitation to webcast and conference call Q3 2023 results
HAMILTON, Bermuda , Nov. 7, 2023 /PRNewswire/ -- Borr Drilling Limited (NYSE : BORR) and (OSE: BORR) plans to release its financial results for the third quarter 2023 on Thursday, November 16, 2023. A conference call and webcast is scheduled...
Borr Drilling Limited - PDMR notification
HAMILTON, Bermuda , Oct. 27, 2023 /PRNewswire/ -- Borr Drilling Limited (NYSE: BORR) and (OSE: BORR) (the «Company») refers to the private placement of 7,522,838 new shares (the «New Shares») at a subscription price of NOK 74/USD 6.65 (the «Subscription Price»)...
Borr Drilling Limited - capital increase in the Registry of Members
HAMILTON, Bermuda , Oct. 26, 2023 /PRNewswire/ -- Borr Drilling Limited (NYSE: BORR) and (OSE: BORR) refers to the stock exchange releases on 23rd and 24th October 2023 related to the private placement with gross proceeds of USD 50 million...
Borr Drilling Limited Announces Pricing of Senior Secured Notes
HAMILTON, Bermuda , Oct. 24, 2023 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE: BORR) (OSE: BORR) announced today that its wholly-owned subsidiary Borr IHC Limited has priced its previously announced offering of $1,540,000,000 in aggregate principal amount of senior...
Source: https://incomestatements.info
Category: Stock Reports