Borr Drilling Limited (BORR)

Borr Drilling Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	193.5	102.5	108	34.9	19.2	59.1
Cash & Short-Term Investments	195.3	102.5	108	34.9	19.2	59.1
Cash Growth	133.05%	-5.09%	209.46%	81.77%	-67.51%	84.11%
Accounts Receivable	287.5	230.2	170.6	99.9	82.3	86.1
Other Receivables	16.8	25.7	20.3	13.2	20.9	30
Receivables	304.3	255.9	190.9	113.1	103.2	116.1
Prepaid Expenses	12.8	11	9.6	6.6	6.4	8.1
Restricted Cash	1	0.1	2.5	3.3	-	69.4
Other Current Assets	32.8	40.4	38.9	18.3	12	25.2
Total Current Assets	546.2	409.9	349.9	176.2	140.8	277.9
Property, Plant & Equipment	2,566	2,588	2,598	2,871	2,967	2,954
Long-Term Investments	18.6	15.7	20.6	19.4	62.7	31.4
Long-Term Accounts Receivable	2.5	1.5	1.5	-	-	-
Long-Term Deferred Tax Assets	14.9	19.3	3.5	0.7	0.2	1.3
Long-Term Deferred Charges	33.2	45.1	19.4	4.4	-	3.5
Other Long-Term Assets	0.1	0.3	8.6	8.3	0.4	11.7
Total Assets	3,182	3,080	3,002	3,080	3,171	3,280
Accounts Payable	58.3	35.5	47.7	34.7	20.4	14.5
Accrued Expenses	149.1	157.3	192.8	72.8	60	86.1
Current Portion of Long-Term Debt	97.8	82.9	445.9	-	-	-
Current Portion of Leases	0.5	0.5	0.5	0.7	3.1	3.4
Current Income Taxes Payable	6.6	6.7	-	4.4	3.7	-
Current Unearned Revenue	33.4	59.5	57.3	3.9	2.6	5.6
Other Current Liabilities	3.3	18	1.4	1.4	6.2	140.1
Total Current Liabilities	349	360.4	745.6	117.9	96	249.7
Long-Term Debt	1,746	1,619	1,191	1,916	1,906	1,710
Long-Term Leases	0.9	1.1	1.7	1.3	2.9	6.5
Long-Term Unearned Revenue	27.9	56.6	68.7	2.5	-	-
Other Long-Term Liabilities	58.8	59.2	96.8	152.8	129.2	19.9
Total Liabilities	2,182	2,096	2,104	2,190	2,134	1,986
Common Stock	26.5	26.5	23	13.8	11	5.6
Additional Paid-In Capital	2,295	2,325	2,266	1,978	1,947	1,891
Retained Earnings	-1,313	-1,359	-1,381	-1,088	-895.2	-576.7
Treasury Stock	-9.1	-8.9	-9.8	-13.7	-26.2	-26.2
Total Common Equity	999.2	984	897.8	889.9	1,037	1,294
Minority Interest	-	-	-	-	-	0.2
Shareholders' Equity	999.2	984	897.8	889.9	1,037	1,294
Total Liabilities & Equity	3,182	3,080	3,002	3,080	3,171	3,280
Total Debt	1,845	1,703	1,639	1,918	1,912	1,720
Net Cash (Debt)	-1,650	-1,601	-1,531	-1,883	-1,893	-1,661
Net Cash Per Share	-6.04	-6.45	-8.58	-13.98	-25.18	-30.90
Filing Date Shares Outstanding	250.63	253	253.95	151.67	136.76	55.41
Total Common Shares Outstanding	250.63	252.58	228.95	136.81	109.43	55.41
Working Capital	197.2	49.5	-395.7	58.3	44.8	28.2
Book Value Per Share	3.99	3.90	3.92	6.50	9.47	23.35
Tangible Book Value	999.2	984	897.8	889.9	1,037	1,294
Tangible Book Value Per Share	3.99	3.90	3.92	6.50	9.47	23.35
Buildings	23.4	5.4	3.5	135.5	-	-
Machinery	3,200	3,176	3,072	3,122	-	-
Order Backlog	-	1,207	929.8	324.8	132.1	308.5

Source: S&P Capital IQ. Standard template. Financial Sources.