Valaris Limited (VAL) Income Statement Analysis

See more : Indorama Ventures Public Company Limited (IVL-R.BK) Income Statement Analysis – Financial Results

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

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Valaris Limited (VAL)

Industry: Oil & Gas Equipment & Services

Sector: Energy

Website: https://www.valaris.com

About Valaris Limited

Valaris Limited provides offshore contract drilling services to the international oil and gas industry. The company owns an offshore drilling rig fleet of 56 rigs, which include 11 drillships, 4 dynamically positioned semisubmersible rigs, 1 moored semisubmersible rig, and 40 jackup rigs. It serves international, government-owned, and independent oil and gas companies in the Gulf of Mexico, the North Sea, the Middle East, West Africa, Australia, and Southeast Asia. The company was incorporated in 2009 and is based in Hamilton, Bermuda.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993
Revenue	1.78B	1.60B	1.23B	1.43B	2.05B	1.71B	1.84B	2.78B	4.06B	4.56B	4.32B	3.64B	2.84B	1.70B	1.95B	2.45B	2.14B	1.81B	1.05B	768.00M	790.80M	698.10M	817.40M	533.80M	363.70M	813.20M	815.10M	468.80M	279.10M	262.00M	246.20M
Cost of Revenue	1.64B	1.47B	1.30B	2.01B	2.42B	1.80B	1.63B	1.73B	2.42B	2.08B	1.95B	1.64B	1.47B	768.10M	725.50M	800.50M	684.10M	576.70M	454.40M	425.50M	452.90M	389.70M	358.90M	290.60M	250.80M	329.10M	306.70M	227.30M	156.00M	147.10M	154.60M
Gross Profit	139.50M	128.10M	-66.00M	-584.00M	-364.30M	-94.10M	208.90M	1.04B	1.64B	2.49B	2.38B	2.00B	1.37B	928.70M	1.22B	1.65B	1.46B	1.24B	592.50M	342.50M	337.90M	308.40M	458.50M	243.20M	112.90M	484.10M	508.40M	241.50M	123.10M	114.90M	91.60M
Gross Profit Ratio	7.82%	7.99%	-5.36%	-40.92%	-17.74%	-5.52%	11.33%	37.54%	40.43%	54.50%	54.96%	54.85%	48.26%	54.73%	62.72%	67.33%	68.09%	68.20%	56.60%	44.60%	42.73%	44.18%	56.09%	45.56%	31.04%	59.53%	62.37%	51.51%	44.11%	43.85%	37.21%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	99.30M	80.90M	88.00M	214.60M	188.90M	102.70M	106.20M	100.80M	118.40M	131.90M	146.80M	148.90M	158.60M	86.10M	64.00M	53.80M	59.50M	44.60M	25.80M	26.30M	22.00M	18.60M	16.80M	13.30M	11.20M	15.40M	14.30M	11.00M	9.60M	9.30M	11.70M
Selling & Marketing	0.00	0.00	0.00	0.00	0.00	0.00	32.20M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	99.30M	80.90M	88.00M	214.60M	188.90M	102.70M	138.40M	100.80M	118.40M	131.90M	146.80M	148.90M	158.60M	86.10M	64.00M	53.80M	59.50M	44.60M	25.80M	26.30M	22.00M	18.60M	16.80M	13.30M	11.20M	15.40M	14.30M	11.00M	9.60M	9.30M	11.70M
Other Expenses	0.00	169.90M	-3.54B	-118.10M	1.01B	0.00	0.00	0.00	0.00	0.00	0.00	0.00	418.90M	216.30M	205.90M	189.50M	184.30M	175.00M	154.80M	144.10M	135.00M	183.70M	124.40M	105.70M	108.20M	93.60M	113.40M	86.20M	61.80M	57.40M	32.80M
Operating Expenses	99.30M	80.90M	88.00M	96.50M	188.90M	102.70M	138.40M	100.80M	118.40M	4.89B	600.90M	590.50M	577.50M	302.40M	269.90M	243.30M	243.80M	219.60M	180.60M	170.40M	157.00M	202.30M	141.20M	119.00M	119.40M	109.00M	127.70M	97.20M	71.40M	66.70M	44.50M
Cost & Expenses	1.73B	1.56B	1.39B	2.11B	2.61B	1.90B	1.77B	1.83B	2.54B	6.96B	2.55B	2.23B	2.05B	1.07B	995.40M	1.04B	927.90M	796.30M	635.00M	595.90M	609.90M	592.00M	500.10M	402.60M	360.20M	428.00M	425.80M	320.10M	223.90M	210.50M	210.10M
Interest Income	101.40M	65.50M	0.00	19.70M	28.10M	14.50M	25.80M	13.80M	9.90M	13.00M	16.60M	22.80M	17.20M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	700.00K	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	68.90M	45.30M	0.00	290.60M	428.30M	282.70M	224.20M	228.80M	216.30M	161.40M	158.80M	123.60M	95.90M	700.00K	2.20M	14.00M	1.00M	16.00M	28.00M	36.00M	36.00M	31.00M	32.00M	-6.30M	300.00K	-11.10M	-14.00M	-16.40M	-10.10M	-6.80M	2.80M
Depreciation & Amortization	101.10M	91.20M	225.70M	554.40M	610.60M	479.70M	445.70M	446.20M	573.40M	530.00M	467.80M	410.20M	418.90M	216.30M	205.90M	189.50M	184.30M	175.00M	154.80M	144.10M	135.00M	123.80M	124.40M	98.70M	98.20M	83.50M	104.80M	81.80M	58.40M	54.20M	30.10M
EBITDA	254.20M	361.40M	-4.18B	-4.26B	985.80M	223.30M	473.70M	1.67B	-682.10M	-2.40B	2.20B	2.15B	1.23B	892.20M	1.17B	1.62B	1.45B	1.21B	574.80M	326.50M	293.30M	172.00M	358.00M	187.00M	96.40M	450.10M	462.50M	204.80M	99.80M	88.40M	55.30M
EBITDA Ratio	14.25%	24.29%	48.94%	-7.40%	51.69%	16.59%	28.01%	49.98%	51.63%	51.44%	50.91%	49.84%	43.84%	52.60%	58.87%	65.06%	67.09%	65.99%	55.59%	38.40%	37.09%	33.68%	51.71%	40.76%	26.51%	55.35%	56.74%	43.69%	35.76%	33.74%	22.46%
Operating Income	53.50M	307.10M	-902.00M	-4.33B	468.50M	-196.80M	70.50M	941.50M	1.52B	1.82B	1.73B	1.40B	794.30M	626.30M	950.50M	1.41B	1.22B	1.02B	411.90M	172.10M	180.90M	106.10M	317.30M	131.20M	3.50M	385.20M	389.30M	148.70M	55.20M	51.50M	36.20M
Operating Income Ratio	3.00%	19.16%	-73.21%	-303.71%	22.82%	-11.54%	3.83%	33.91%	37.52%	39.82%	40.09%	38.56%	27.94%	36.91%	48.85%	57.40%	56.72%	56.09%	39.34%	22.41%	22.88%	15.20%	38.82%	24.58%	0.96%	47.37%	47.76%	31.72%	19.78%	19.66%	14.70%
Total Other Income/Expenses	30.70M	-82.20M	-4.30B	-782.50M	-532.30M	-342.10M	-266.50M	56.00M	-227.70M	-147.90M	-100.10M	63.30M	-57.70M	18.20M	8.80M	-4.20M	37.80M	-5.90M	-20.70M	-32.60M	-31.60M	-19.00M	-51.30M	-6.00M	1.70M	-2.70M	-13.50M	-6.00M	-7.90M	-7.60M	-6.60M
Income Before Tax	84.20M	224.90M	-4.44B	-5.12B	-63.80M	-538.90M	-196.00M	997.50M	-1.47B	-2.55B	1.63B	1.30B	736.60M	644.50M	959.30M	1.40B	1.25B	1.01B	391.20M	139.50M	149.30M	87.10M	291.90M	125.20M	5.20M	382.50M	375.80M	142.70M	47.30M	43.90M	29.60M
Income Before Tax Ratio	4.72%	14.03%	-360.39%	-358.53%	-3.11%	-31.60%	-10.63%	35.93%	-36.21%	-55.84%	37.78%	35.86%	25.91%	37.98%	49.30%	57.23%	58.48%	55.77%	37.37%	18.16%	18.88%	12.48%	35.71%	23.45%	1.43%	47.04%	46.10%	30.44%	16.95%	16.76%	12.02%
Income Tax Expense	-782.60M	43.10M	53.00M	-259.40M	128.40M	89.60M	109.20M	108.50M	-13.90M	140.50M	203.10M	228.60M	131.00M	96.00M	158.00M	240.00M	261.00M	236.00M	105.00M	12.00M	14.00M	21.00M	59.00M	39.80M	-2.90M	123.80M	137.80M	44.00M	3.40M	3.80M	5.90M
Net Income	865.40M	176.50M	-4.49B	-4.86B	-192.20M	-641.20M	-304.50M	872.50M	-1.60B	-2.71B	1.41B	1.06B	600.40M	579.50M	779.40M	1.15B	992.00M	769.70M	294.20M	102.80M	108.30M	59.30M	207.30M	85.40M	6.70M	253.90M	233.90M	95.40M	48.10M	37.20M	16.50M
Net Income Ratio	48.50%	11.01%	-364.69%	-340.36%	-9.36%	-37.60%	-16.52%	31.43%	-39.40%	-59.40%	32.50%	29.04%	21.12%	34.15%	40.05%	46.96%	46.27%	42.44%	28.10%	13.39%	13.69%	8.49%	25.36%	16.00%	1.84%	31.22%	28.70%	20.35%	17.23%	14.20%	6.70%
EPS	11.67	2.35	-59.91	-24.42	-1.11	-1.48	-0.92	3.13	-6.90	-46.83	24.32	18.43	12.46	16.42	22.21	32.42	26.96	20.15	7.72	2.73	2.89	1.68	6.01	2.45	0.19	7.21	6.55	2.86	1.59	1.29	0.82
EPS Diluted	11.51	2.33	-59.91	-24.42	-1.11	-1.48	-0.92	3.13	-6.90	-46.83	24.32	18.40	12.46	16.42	22.21	32.42	26.96	20.15	7.72	2.73	2.89	1.68	6.01	2.45	0.19	7.21	6.55	2.86	1.59	1.29	0.82
Weighted Avg Shares Out	74.13M	75.10M	75.00M	198.90M	173.40M	434.10M	332.50M	279.10M	232.20M	57.90M	57.78M	57.35M	48.20M	35.30M	35.10M	35.50M	36.80M	38.20M	38.10M	37.70M	37.50M	35.40M	34.50M	34.80M	34.40M	35.20M	35.70M	33.30M	30.20M	28.90M	20.20M
Weighted Avg Shares Out (Dil)	75.20M	75.60M	75.00M	198.90M	173.40M	434.10M	332.50M	279.10M	232.20M	57.90M	57.78M	57.43M	48.20M	35.30M	35.10M	35.50M	36.80M	38.20M	38.10M	37.70M	37.50M	35.40M	34.50M	34.80M	34.40M	35.20M	35.70M	33.30M	30.20M	28.90M	20.20M

Valaris Announces Floater Contract Awards

August 17, 2021businesswire.com

HAMILTON, Bermuda--(BUSINESS WIRE)--Valaris Limited (NYSE: VAL) announced today that it has been awarded one-well contracts with Shell Namibia Upstream B.V. and Shell Sao Tome and Principe B.V. offshore Namibia and Sao Tome and Principe, respectively, for drillship, VALARIS DS-10. The...

Valaris Ltd (VAL) CEO Thomas Burke on Q2 2021 Results - Earnings Call Transcript

August 3, 2021seekingalpha.com

Valaris Ltd (VAL) CEO Thomas Burke on Q2 2021 Results - Earnings Call Transcript

Valaris Reports Second Quarter 2021 Results

August 3, 2021businesswire.com

HAMILTON, Bermuda--(BUSINESS WIRE)--Valaris Limited (NYSE: VAL) ("Valaris" or the "Company") today reported second quarter 2021 results. President and Chief Executive Officer Tom Burke said, “On April 30, 2021, Valaris emerged from chapter 11 with a significantly strengthened capital structure, including...

Valaris Provides Quarterly Fleet Status Report

August 2, 2021businesswire.com

HAMILTON, Bermuda--(BUSINESS WIRE)--Valaris Limited (NYSE: VAL) (“Valaris” or the “Company”) today issued a quarterly Fleet Status Report that provides the current status of the Company's fleet of offshore drilling rigs along with certain contract information for these assets. The Fleet...

Valaris Schedules Second Quarter 2021 Earnings Release and Conference Call

July 21, 2021businesswire.com

HAMILTON, Bermuda--(BUSINESS WIRE)--Valaris Limited (NYSE: VAL) will hold its second quarter 2021 earnings conference call at 9:00 a.m. CDT (10:00 a.m. EDT and 3:00 p.m. London) on Tuesday, August 3, 2021. The earnings release will be issued before the New...