Shelf Drilling Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	171.5	152.3	98.2	140.8	232.32	73.41
Cash & Short-Term Investments	171.5	152.3	98.2	140.8	232.32	73.41
Cash Growth	24.01%	55.09%	-30.26%	-39.39%	216.47%	181.74%
Accounts Receivable	199.7	202.5	213.9	165.5	127.71	119.56
Other Receivables	-	27.6	17.8	12.4	10.42	11.16
Receivables	199.7	230.1	231.7	177.9	138.14	130.72
Prepaid Expenses	-	9.5	11.7	17.3	7.77	4.71
Restricted Cash	1.7	2	0.9	12.6	2.8	15.52
Other Current Assets	85.7	89.8	76.4	47.7	55.62	111.79
Total Current Assets	458.6	483.7	418.9	396.3	436.65	336.15
Property, Plant & Equipment	1,400	1,437	1,499	1,489	1,044	1,081
Long-Term Deferred Tax Assets	7.8	9	9.3	4.8	3.24	1.96
Long-Term Deferred Charges	-	106.2	126.5	88.3	71.11	55.77
Other Long-Term Assets	145.1	41.1	45.5	68.3	62.08	41.57
Total Assets	2,011	2,077	2,099	2,046	1,618	1,516
Accounts Payable	88.3	94.4	115.7	114.3	68.62	66.63
Accrued Expenses	24	50.5	50	60.6	46.72	40.22
Current Portion of Long-Term Debt	95	119.9	82.7	-	-	-
Current Portion of Leases	-	4.2	7.3	8	7.6	8.56
Current Income Taxes Payable	13.8	17.4	13.1	9.1	4.98	4.68
Current Unearned Revenue	24.4	44.6	40.5	4.9	29.04	25.49
Other Current Liabilities	34.1	12.2	3.9	5.1	1.93	1.74
Total Current Liabilities	279.6	343.2	313.2	202	158.88	147.33
Long-Term Debt	1,219	1,237	1,243	1,437	1,193	1,024
Long-Term Leases	-	1.9	4.5	5.7	8.61	13.73
Long-Term Unearned Revenue	7.1	11.5	60	3.5	1.76	5.42
Long-Term Deferred Tax Liabilities	4	4.4	8.7	10	7.47	5.59
Other Long-Term Liabilities	46	51.1	67.3	72.9	34.62	31.36
Total Liabilities	1,556	1,649	1,696	1,731	1,404	1,227
Common Stock	2.6	2.6	2.1	1.8	1.37	1.36
Additional Paid-In Capital	1,177	1,175	1,160	1,057	1,006	1,003
Retained Earnings	-724.1	-749	-830.4	-822.8	-793.95	-715.31
Total Common Equity	455.7	428.3	332	235.6	213.67	288.96
Minority Interest	-	-	70.3	79.9	-	-
Shareholders' Equity	455.7	428.3	402.3	315.5	213.67	288.96
Total Liabilities & Equity	2,011	2,077	2,099	2,046	1,618	1,516
Total Debt	1,314	1,363	1,337	1,450	1,209	1,046
Net Cash (Debt)	-1,142	-1,211	-1,239	-1,310	-976.43	-972.85
Net Cash Per Share	-4.47	-5.20	-6.27	-8.33	-7.14	-7.15
Filing Date Shares Outstanding	256.4	255.8	213.7	176.37	137.12	136.22
Total Common Shares Outstanding	256.4	255.8	213.7	176.37	137.12	136.22
Working Capital	179	140.5	105.7	194.3	277.77	188.82
Book Value Per Share	1.78	1.67	1.55	1.34	1.56	2.12
Tangible Book Value	455.7	428.3	332	235.6	213.67	288.96
Tangible Book Value Per Share	1.78	1.67	1.55	1.34	1.56	2.12
Land	-	2.2	2.2	2.2	2.2	2.2
Machinery	-	1,995	2,042	1,936	1,489	1,412
Construction In Progress	-	29.1	43.7	84.1	25.18	97.69
Order Backlog	-	2,141	2,340	2,682	1,679	1,377

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.