v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 304,000 $ 339,000
Restricted cash 25,000 26,000
Accounts receivables, net 214,000 162,000
Amounts due from related parties, net 7,000 0
Other current assets 261,000 231,000
Total current assets 811,000 758,000
Non-current assets    
Equity method investment 62,000 58,000
Drilling units, net of accumulated depreciation of 754 as of March 31, 2026 (December 31, 2025: 682) 2,950,000 2,969,000
Deferred tax assets 29,000 44,000
Equipment 15,000 8,000
Other non-current assets 125,000 110,000
Total non-current assets 3,181,000 3,189,000
Total assets 3,992,000 3,947,000
Current liabilities    
Trade accounts payable 80,000 61,000
Other current liabilities 337,000 313,000
Total current liabilities 417,000 374,000
Non-current liabilities    
Long-term debt 614,000 613,000
Deferred tax liabilities 16,000 14,000
Other non-current liabilities 94,000 88,000
Total non-current liabilities 724,000 715,000
Commitments and contingencies (see Note 13)
Shareholders' equity    
Common shares of par value $0.01 per share: 375,000,000 shares authorized as of March 31, 2026 (December 31, 2025: 375,000,000) and 62,449,447 issued as of March 31, 2026 (December 31, 2025: 62,374,171) 624 624
Additional paid-in capital 1,986,000 1,986,000
Accumulated other comprehensive income 1,000 1,000
Retained earnings 863,000 870,000
Total shareholders' equity 2,851,000 2,858,000
Total liabilities and shareholders' equity $ 3,992,000 $ 3,947,000