Income statement, balance sheet and cash flow statement for the last 7 fiscal years, taken from the XBRL data SEADRILL Ltd files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2017
FY2019
FY2020
FY2021
FY2023
FY2024
FY2025
Revenue
2,088
1,388
961
907
1,502
1,385
1,437
Selling, general and administrative
277
95
74
67
74
107
103
Operating income
-728
-295
-4,481
-156
329
412
47
Interest expense
285
421
398
109
59
61
61
Other non-operating income
-2,308
-465
50
-416
-12
-79
-98
Pre-tax income
-3,036
-760
-4,431
-572
317
333
-51
Income tax
66
-40
-1
0
17
-113
26
Net income to minority interests
-129
-1
-3
Net income
-2,973
-1,219
-4,659
-587
300
446
-77
EBITDA
70
131
-4,162
-29
484
580
285
EPS, basic
-5.89
-12.18
-46.43
-5.85
4.23
6.56
EPS, diluted
-5.89
-12.18
-46.43
-5.85
4.12
6.37
Shares, diluted (weighted)
505
100
100
100
74
71
65
Balance sheet
FY2017
FY2019
FY2020
FY2021
FY2023
FY2024
FY2025
Cash and equivalents
1,359
485
491
293
697
478
339
Short-term investments
11
8
Receivables
173
125
158
222
193
162
Other current assets
158
184
197
199
230
231
Total current assets
1,773
1,062
1,981
1,158
928
758
Lease right-of-use assets
35
57
24
4
11
18
Intangible assets
10
Other non-current assets
59
45
27
56
146
110
Total assets
9,279
3,961
3,897
4,218
4,156
3,947
Accounts payable
86
45
53
53
118
61
Accrued liabilities
103
117
183
137
Deferred revenue
20
18
25
31
63
58
Short-term debt
343
5,662
0
0
Total current liabilities
770
6,545
1,255
389
501
374
Long-term debt
6,280
0
0
608
610
613
Lease liabilities
24
17
5
2
8
18
Other non-current liabilities
128
120
112
229
116
88
Total liabilities
7,629
7,101
7,613
1,235
1,238
1,089
Total debt
6,623
5,662
0
608
610
613
Paid-in capital
3,496
3,504
3,504
2,480
1,969
1,986
Retained earnings
-1,851
-6,628
-7,215
501
947
870
Treasury stock
-9
Other comprehensive income
-13
-26
-15
1
1
1
Shareholders' equity
1,642
-3,140
2,983
2,918
2,858
Minority interests
399
151
0
Total equity
6,959
1,650
-3,140
-3,716
2,983
2,918
2,858
Total liabilities and equity
9,279
3,961
3,897
4,218
4,156
3,947
Cash flow statement
FY2017
FY2019
FY2020
FY2021
FY2023
FY2024
FY2025
Net income
-3,102
-1,222
-4,663
-587
300
446
-77
Depreciation and amortization
798
426
319
127
155
168
238
Stock-based compensation
7
5
8
0
8
17
20
Deferred income tax
7
-61
-7
-3
-13
-13
22
Change in receivables
-25
29
23
Change in payables
-9
4
-37
15
-34
65
-47
Cash from operations
399
-256
-420
-154
287
88
-28
Capital expenditures
-150
-162
-137
-84
Cash from investing
358
-26
-32
37
42
226
-113
Debt issued
0
0
576
0
0
Debt repaid
0
-333
0
Share buybacks
0
-263
-532
0
Cash from financing
-846
-367
-163
0
-200
-532
-3
Exchange rate effect
5
3
-19
-2
1
-5
4
Net change in cash
-84
-646
-634
-119
130
-223
-140
Free cash flow
249
-418
-557
-238
Interest paid
264
391
174
0
36
54
53
Income taxes paid
119
36
10
3
24
17
12
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $45.57 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Operating margin
7.8%
Operating income / revenue.
EBITDA margin
25.4%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
1.2%
Pre-tax income / revenue.
Net margin
0.1%
Net income / revenue.
Operating cash flow margin
-3.4%
Cash from operations / revenue.
Effective tax rate
94.4%
Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)
0.0%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
0.0%
Net income / average total assets.
Return on invested capital (ROIC)
2.9%
Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
SG&A / revenue
7.0%
Selling, general and administrative expense / revenue.
Stock-based pay / revenue
1.1%
Stock-based compensation (from the cash flow statement) / revenue.
D&A / revenue
17.6%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
3.8%
Revenue vs the same period a year earlier. Only from a positive base.
Operating income growth, 1y
-88.6%
Operating income vs the same period a year earlier. Only from a positive base.
EBITDA growth, 1y
-50.9%
EBITDA vs the same period a year earlier. Only from a positive base.
Net income growth, 1y
-117.3%
Net income vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y
-131.8%
Operating cash flow vs the same period a year earlier. Only from a positive base.
Book value growth, 1y
-2.1%
Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
-5.0%
Total assets vs the same period a year earlier. Only from a positive base.
Share count change, 1y
-8.5%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
2.50x
Current assets / current liabilities.
Quick ratio
1.76x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.92x
(Cash + short-term investments) / current liabilities.
Debt / equity
0.26x
Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets
17.9%
Total debt / total assets.
Liabilities / assets
30.2%
Total liabilities / total assets.
Net debt
$400.0M
Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA
1.03x
Net debt / EBITDA (twelve months), when EBITDA is positive.
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share
$23.57
Revenue / diluted weighted shares.
Operating cash flow per share
-$0.80
Cash from operations / diluted weighted shares.
Book value per share
$44.06
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/E
2,850x
Market cap / net income. Only when net income is positive.
P/S
1.86x
Market cap / revenue.
P/B
1.00x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
1.00x
Market cap / tangible book value, when positive.
EV/Sales
2.12x
Enterprise value / revenue.
EV/EBIT
27.3x
Enterprise value / operating income, when both are positive.
EV/EBITDA
8.35x
Enterprise value / EBITDA, when both are positive.
Earnings yield
0.0%
Net income / market cap (the inverse of P/E).
What was SEADRILL Ltd's revenue in fiscal 2025?
SEADRILL Ltd reported revenue of $1.44B for fiscal 2025, 3.8% higher than the year before.
Was SEADRILL Ltd profitable in fiscal 2025?
No. It reported a net loss of $77.0M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.