Borr Drilling Limited (BORR)

Borr Drilling Income Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	833.6	771.6	443.8	245.3	307.5	334.1
Revenue Growth (YoY)	56.16%	73.86%	80.92%	-20.23%	-7.96%	102.61%
Cost of Revenue	377.8	359.3	264.9	180.5	270.4	307.9
Gross Profit	455.8	412.3	178.9	64.8	37.1	26.2
Selling, General & Admin	46.1	45.1	36.8	34.7	49.1	50.4
Other Operating Expenses	120	116.8	244	118.4	176	126.6
Operating Expenses	166.1	161.9	280.8	153.1	225.1	177
Operating Income	289.7	250.4	-101.9	-88.3	-188	-150.8
Interest Expense / Income	189.4	177.2	139.2	99.4	87.4	70.4
Other Expense / Income	19.5	17.1	33.3	-4.4	26	65.2
Pretax Income	80.8	56.1	-274.4	-183.3	-301.4	-286.4
Income Tax	36.9	34	18.4	9.7	16.2	11.2
Net Income	43.9	22.1	-292.8	-193	-317.6	-297.6
Shares Outstanding (Basic)	253	244	178	135	75	54
Shares Outstanding (Diluted)	257	248	178	135	75	54
Shares Change	9.28%	39.09%	32.42%	79.21%	39.89%	4.47%
EPS (Basic)	0.18	0.09	-1.64	-1.43	-4.22	-5.54
EPS (Diluted)	0.18	0.09	-1.64	-1.43	-4.22	-5.54
Free Cash Flow	-122.3	-164.7	-20.1	-75.1	-59.5	-353.7
Free Cash Flow Per Share	-0.48	-0.67	-0.11	-0.56	-0.79	-6.58
Gross Margin	54.68%	53.43%	40.31%	26.42%	12.07%	7.84%
Operating Margin	34.75%	32.45%	-22.96%	-36.00%	-61.14%	-45.14%
Profit Margin	5.27%	2.86%	-65.98%	-78.68%	-103.28%	-89.08%
Free Cash Flow Margin	-14.67%	-21.35%	-4.53%	-30.62%	-19.35%	-105.87%
Effective Tax Rate	45.67%	60.61%	-	-	-	-
EBITDA	391.2	350.7	-18.7	35.7	-96.1	-114.6
EBITDA Margin	46.93%	45.45%	-4.21%	14.55%	-31.25%	-34.30%
Depreciation & Amortization	121	117.4	116.5	119.6	117.9	101.4
EBIT	270.2	233.3	-135.2	-83.9	-214	-216
EBIT Margin	32.41%	30.24%	-30.46%	-34.20%	-69.59%	-64.65%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).