For the quarter ending 2025-09-30, RIG had $478M increase in cash & cash equivalents over the period. $235M in free cash flow.
| Cash Flow | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 |
|---|---|---|---|---|
| Loss on impairment of investment in unconsolidated affiliate | - | - | - | 0 |
| Net loss | -1,923 | -938 | -79 | 7 |
| Depreciation and amortization | 161 | 175 | 176 | 180 |
| Share-based compensation expense | 10 | 8 | 8 | 9 |
| Loss on impairment of assets | 1,913 | 1,136 | - | 0 |
| Amortization of contract intangible asset | - | - | - | 0 |
| (gain) loss on disposal of assets, net | -1 | 7 | 2 | -7 |
| (gain) loss on retirement of debt | - | - | - | 0 |
| Amortization of debt-related balances, net | 11 | 12 | 13 | 14 |
| Gain on adjustment to bifurcated compound exchange feature | -14 | 29 | 36 | 61 |
| Loss on conversion of debt to equity | 99 | - | - | - |
| Deferred income tax benefit | 11 | -172 | 15 | 49 |
| Other, net | 18 | -27 | -4 | 1 |
| Changes in deferred revenues, net | -52 | -46 | -38 | -53 |
| Changes in deferred costs, net | -37 | -28 | 12 | -24 |
| Changes in other operating assets and liabilities, net | 18 | 66 | 23 | -31 |
| Investment in loans to unconsolidated affiliates | - | - | - | 0 |
| Net cash provided by operating activities | 246 | 128 | 26 | 206 |
| Capital expenditures | 11 | 24 | 60 | 29 |
| Proceeds from disposal of assets, net of costs to sell | 34 | 8 | 2 | 2 |
| Cash acquired in acquisition of unconsolidated affiliates | - | - | - | 0 |
| Proceeds from disposal of equity investment in unconsolidated affiliate | 0 | 4 | - | - |
| Net cash used in investing activities | 23 | -12 | -58 | -27 |
| Repayments of debt | 210 | 30 | 210 | 30 |
| Proceeds from issuance of shares, net of issue costs | 421 | - | - | - |
| Other, net | -2 | -5 | -8 | -11 |
| Proceeds from issuance of debt, net of issue costs | - | - | - | 3 |
| Net cash used in financing activities | 209 | -35 | -218 | -38 |
| Net increase (decrease) in unrestricted and restricted cash and cash equivalents | 478 | 81 | -250 | 141 |
| Cash and cash equivalents at beginning of period | 941 | - | - | - |
| Cash and cash equivalents at end of period | 1,250 | - | - | - |
Transocean Ltd. (RIG)
Transocean Ltd. (RIG)