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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	185.7	102.5	108	34.9	19.2	59.1
Cash & Short-Term Investments	185.7	102.5	108	34.9	19.2	59.1
Cash Growth	96.72%	-5.09%	209.46%	81.77%	-67.51%	84.11%
Accounts Receivable	331.7	230.2	170.6	99.9	82.3	86.1
Other Receivables	22.5	25.7	20.3	13.2	20.9	30
Receivables	354.2	255.9	190.9	113.1	103.2	116.1
Prepaid Expenses	7.2	11	9.6	6.6	6.4	8.1
Restricted Cash	0.9	0.1	2.5	3.3	-	69.4
Other Current Assets	34.6	40.4	38.9	18.3	12	25.2
Total Current Assets	582.6	409.9	349.9	176.2	140.8	277.9
Property, Plant & Equipment	2,699	2,588	2,598	2,871	2,967	2,954
Long-Term Investments	17	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	11.9	19.3	3.5	0.7	0.2	1.3
Long-Term Deferred Charges	30	45.1	19.4	4.4	-	3.5
Other Long-Term Assets	-	0.3	8.6	8.3	0.4	11.7
Total Assets	3,343	3,080	3,002	3,080	3,171	3,280
Accounts Payable	59	35.5	47.7	34.7	20.4	14.5
Accrued Expenses	201.9	157.3	192.8	72.8	60	86.1
Current Portion of Long-Term Debt	109.4	82.9	445.9	-	-	-
Current Portion of Leases	0.5	0.5	0.5	0.7	3.1	3.4
Current Income Taxes Payable	10.2	6.7	-	4.4	3.7	-
Current Unearned Revenue	29.6	59.5	57.3	3.9	2.6	5.6
Other Current Liabilities	2.4	18	1.4	1.4	6.2	140.1
Total Current Liabilities	413	360.4	745.6	117.9	96	249.7
Long-Term Debt	1,889	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	20.8	56.6	68.7	2.5	-	-
Other Long-Term Liabilities	31.3	59.2	96.8	152.8	129.2	19.9
Total Liabilities	2,355	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	2,274	2,325	2,266	1,978	1,947	1,891
Retained Earnings	-1,303	-1,359	-1,381	-1,088	-895.2	-576.7
Treasury Stock	-9	-8.9	-9.8	-13.7	-26.2	-26.2
Total Common Equity	988.2	984	897.8	889.9	1,037	1,294
Minority Interest	-	-	-	-	-	0.2
Shareholders' Equity	988.2	984	897.8	889.9	1,037	1,294
Total Liabilities & Equity	3,343	3,080	3,002	3,080	3,171	3,280
Total Debt	2,000	1,703	1,639	1,918	1,912	1,720
Net Cash (Debt)	-1,814	-1,601	-1,531	-1,883	-1,893	-1,661
Net Cash Per Share	-7.02	-6.45	-8.58	-13.98	-25.18	-30.90
Filing Date Shares Outstanding	251.18	253	253.95	151.67	136.76	55.41
Total Common Shares Outstanding	251.18	252.58	228.95	136.81	109.43	55.41
Working Capital	169.6	49.5	-395.7	58.3	44.8	28.2
Book Value Per Share	3.93	3.90	3.92	6.50	9.47	23.35
Tangible Book Value	988.2	984	897.8	889.9	1,037	1,294
Tangible Book Value Per Share	3.93	3.90	3.92	6.50	9.47	23.35
Buildings	169.2	5.4	3.5	135.5	-	-
Machinery	3,219	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.