v3.23.1
CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operating revenues      
Dayrate revenue $ 358.7 $ 205.8 $ 265.2
Related party revenue 85.1 39.5 42.3
Total operating revenues 443.8 245.3 307.5
Gain on disposals 4.2 1.2 19.0
Operating expenses      
Rig operating and maintenance expenses (264.9) (180.5) (270.4)
Depreciation of non-current assets (116.5) (119.6) (117.9)
Impairment of non-current assets (131.7) 0.0 (77.1)
General and administrative expenses (36.8) (34.7) (49.1)
Total operating expenses (549.9) (334.8) (514.5)
Operating loss (101.9) (88.3) (188.0)
Other non-operating income 2.0 3.6 0.0
Income from equity method investments 1.2 16.1 9.5
Financial income (expenses), net      
Interest income 5.4 0.0 0.2
Interest expense, net of amounts capitalized (131.3) (92.9) (87.4)
Other financial expenses, net (49.8) (21.8) (35.7)
Total financial expenses, net (175.7) (114.7) (122.9)
Loss before income taxes (274.4) (183.3) (301.4)
Income tax expense (18.4) (9.7) (16.2)
Net loss attributable to shareholders of Borr Drilling Limited $ (292.8) $ (193.0) $ (317.6)
Loss per share      
Basic loss per share (in dollars per share) $ (1.64) $ (1.43) $ (4.22)
Diluted loss per share (in dollars per share) $ (1.64) $ (1.43) $ (4.22)
Weighted average shares outstanding, basic (in shares) 178,404,637 134,726,336 75,177,352
Weighted average shares outstanding, diluted (in shares) 178,404,637 134,726,336 75,177,352