v3.25.2
Unaudited Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Operating revenues        
Total operating revenues $ 267.7 $ 271.9 $ 484.3 $ 505.9
Gain on disposals 0.0 0.2 0.4 0.4
Operating expenses        
Rig operating and maintenance expenses (122.2) (124.1) (232.0) (228.1)
Depreciation of non-current assets (36.7) (31.9) (72.6) (63.7)
General and administrative expenses (12.3) (11.6) (23.4) (25.0)
Total operating expenses (171.2) (167.6) (328.0) (316.8)
Operating income 96.5 104.5 156.7 189.5
(Loss) / income from equity method investments (0.2) (2.5) (2.0) 2.9
Financial income (expenses), net        
Interest income 0.5 2.4 1.1 3.8
Interest expense (57.2) (52.0) (115.3) (101.0)
Other financial income (expenses), net 0.3 (5.8) (4.9) (16.0)
Total financial expenses, net (56.4) (55.4) (119.1) (113.2)
Income before income taxes 39.9 46.6 35.6 79.2
Income tax expense (4.8) (14.9) (17.4) (33.1)
Net income attributable to shareholders of Borr Drilling Limited 35.1 31.7 18.2 46.1
Total comprehensive income attributable to shareholders of Borr Drilling Limited $ 35.1 $ 31.7 $ 18.2 $ 46.1
Earnings Per Share [Abstract]        
Basic income per share (in dollars per share) $ 0.15 $ 0.13 $ 0.08 $ 0.18
Diluted income per share (in dollars per share) $ 0.14 $ 0.12 $ 0.08 $ 0.18
Weighted-average shares outstanding, basic (in shares) 238,907,129 251,189,331 241,134,285 251,953,928
Weighted-average shares outstanding, diluted (in shares) 273,877,730 288,436,630 242,362,500 289,349,337
Related party revenue        
Operating revenues        
Total operating revenues $ 0.0 $ 10.6 $ 0.0 $ 35.0
Dayrate revenue | Nonrelated party        
Operating revenues        
Total operating revenues 238.5 223.0 440.7 421.3
Bareboat charter revenue | Nonrelated party        
Operating revenues        
Total operating revenues 20.3 26.6 27.9 37.9
Management contract revenue | Nonrelated party        
Operating revenues        
Total operating revenues $ 8.9 $ 11.7 $ 15.7 $ 11.7