Seadrill Income Statement

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	Sep '25 Sep 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
Operating Revenue	1,304	1,310	1,432	920	840	894
Other Revenue	3	5	12	16	-	-
Revenue	1,307	1,315	1,444	936	840	894
Revenue Growth (YoY)	-8.60%	-8.93%	54.27%	11.43%	-6.04%	-25.56%
Cost of Revenue	952	856	879	655	786	931
Gross Profit	355	459	565	281	54	-37
Selling, General & Admin	107	107	74	60	67	74
Other Operating Expenses	-	-18	-3	-3	-34	-22
Operating Expenses	321	257	226	209	160	371
Operating Income	34	202	339	72	-106	-408
Interest Expense	-60	-61	-59	-105	-109	-398
Interest & Investment Income	16	25	35	14	1	8
Earnings From Equity Investments	7	-9	37	-4	3	-
Currency Exchange Gain (Loss)	-	-	-	-	-	-26
Other Non Operating Income (Expenses)	-54	-34	-25	33	-15	-43
EBT Excluding Unusual Items	-57	123	327	10	-226	-867
Merger & Restructuring Charges	-18	-24	-24	-3	-	-
Gain (Loss) on Sale of Assets	31	234	14	3	47	524
Asset Writedown	-	-	-	-	-152	-4,108
Other Unusual Items	-	-	-	3,668	-263	11
Pretax Income	-44	333	317	3,678	-572	-4,431
Income Tax Expense	-78	-113	17	12	-	-1
Earnings From Continuing Operations	34	446	300	3,666	-572	-4,430
Earnings From Discontinued Operations	-	-	-	241	-15	-233
Net Income to Company	34	446	300	3,907	-587	-4,663
Minority Interest in Earnings	-	-	-	-	-	4
Net Income	34	446	300	3,907	-587	-4,659
Net Income to Common	34	446	300	3,907	-587	-4,659
Net Income Growth	-91.87%	48.67%	-92.32%	-	-	-
Shares Outstanding (Basic)	62	68	71	57	100	100
Shares Outstanding (Diluted)	63	71	74	60	100	100
Shares Change (YoY)	-15.20%	-4.05%	23.70%	-40.17%	-	-
EPS (Basic)	0.55	6.56	4.23	68.23	-5.87	-46.59
EPS (Diluted)	0.55	6.37	4.12	65.36	-5.87	-46.59
EPS Growth	-90.41%	54.46%	-93.69%	-	-	-
Free Cash Flow	-106	-69	186	-140	-183	-447
Free Cash Flow Per Share	-1.69	-0.97	2.51	-2.34	-1.83	-4.47
Gross Margin	27.16%	34.91%	39.13%	30.02%	6.43%	-4.14%
Operating Margin	2.60%	15.36%	23.48%	7.69%	-12.62%	-45.64%
Profit Margin	2.60%	33.92%	20.78%	417.42%	-69.88%	-521.14%
Free Cash Flow Margin	-8.11%	-5.25%	12.88%	-14.96%	-21.79%	-50.00%
EBITDA	248	370	494	224	21	-89
EBITDA Margin	18.98%	28.14%	34.21%	23.93%	2.50%	-9.96%
D&A For EBITDA	214	168	155	152	127	319
EBIT	34	202	339	72	-106	-408
EBIT Margin	2.60%	15.36%	23.48%	7.69%	-12.62%	-45.64%
Effective Tax Rate	-	-	5.36%	0.33%	-	-
Revenue as Reported	1,364	1,385	1,502	1,012	907	961

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

SEC Filings: 10-K · 10-Q