Transocean Ltd.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.97B | $3.52B | $2.83B | $2.58B | $2.56B | $3.15B | $3.09B | $3.02B |
| Cost of Revenue | $2.41B | $2.20B | $1.99B | $1.68B | $1.70B | $2.00B | $2.14B | $1.80B |
| Gross Profit | $1.56B | $1.33B | $846.0M | $896.0M | $859.0M | $1.15B | $948.0M | $1.22B |
| Gross Margin | 39.3% | 37.6% | 29.9% | 34.8% | 33.6% | 36.5% | 30.7% | 40.4% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $195.0M | $214.0M | $187.0M | $182.0M | $167.0M | $183.0M | $193.0M | $188.0M |
| Operating Income | $-2.34B | $-417.0M | $-325.0M | $-31.0M | $-112.0M | $-493.0M | $-721.0M | $-1.25B |
| Operating Margin | -58.9% | -11.8% | -11.5% | -1.2% | -4.4% | -15.6% | -23.3% | -41.5% |
| Interest Expense | — | — | $646.0M | $561.0M | $447.0M | $575.0M | $660.0M | $620.0M |
| Pretax Income | $-2.95B | $-523.0M | $-941.0M | $-562.0M | $-470.0M | $-541.0M | $-1.20B | $-1.78B |
| Income Tax Expense | $-33.0M | $-11.0M | $13.0M | $59.0M | $121.0M | $27.0M | $59.0M | $228.0M |
| Net Income | $-2.92B | $-512.0M | $-954.0M | $-621.0M | $-592.0M | $-567.0M | $-1.26B | $-2.00B |
| Net Margin | -73.5% | -14.5% | -33.7% | -24.1% | -23.2% | -18.0% | -40.6% | -66.1% |
| EPS (Basic) | $-3.04 | $-0.60 | $-1.24 | $-0.89 | $-0.93 | $-0.92 | $-2.05 | $-4.27 |
| EPS (Diluted) | $-3.04 | $-0.76 | $-1.24 | $-0.89 | $-0.93 | $-0.92 | $-2.05 | $-4.27 |
| Shares Outstanding (Basic) | 960.0M | 850.0M | 768.0M | 699.0M | 637.0M | 615.0M | 612.0M | 468.0M |
| Shares Outstanding (Diluted) | 960.0M | 925.0M | 768.0M | 699.0M | 637.0M | 615.0M | 612.0M | 468.0M |
| Dividends Per Share | — | — | — | — | — | — | — | — |