RIG: the cash flow

MyFinsight

For the quarter ending 2026-03-31, RIG had -$382M decrease in cash & cash equivalents over the period. $136M in free cash flow.

Cash Flow	2026-03-31	2025-12-31	2025-09-30	2025-06-30
Net income (loss)	71	25	-1,923	-938
Depreciation and amortization	143	147	161	175
Share-based compensation expense	8	9	10	8
Loss on impairment of assets	-	0	1,913	1,136
Gain on disposal of assets, net	4	-1	-1	7
Amortization of debt-related balances, net	10	12	11	12
(gain) loss on adjustment to bifurcated compound exchange feature	-153	-41	-14	29
Loss on retirement of debt	-11	3	-	-
Loss on conversion of debt to equity	-	0	99	-
Deferred income tax expense (benefit)	-73	35	11	-172
Other, net	1	-1	18	-27
Changes in contract liabilities, net	-42	-34	-52	-46
Changes in deferred costs, net	-31	-33	-37	-28
Changes in other operating assets and liabilities, net	143	-82	18	66
Net cash provided by operating activities	164	349	246	128
Capital expenditures	28	28	11	24
Proceeds from disposal of assets, net of costs to sell	25	40	34	8
Proceeds from disposal of equity investment in unconsolidated affiliate	-	2	0	4
Proceeds from disposal of investment in note receivable from unconsolidated affiliate	13	-	-	-
Net cash provided by (used in) investing activities	10	14	23	-12
Repayments of debt	556	1,106	210	30
Proceeds from issuance of debt, net of issue costs	-	492	-	-
Proceeds from issuance of shares, net of issue costs	-	0	421	-
Other, net	-	-2	-2	-5
Net cash used in financing activities	-556	-616	209	-35
Net decrease in unrestricted and restricted cash and cash equivalents	-382	-253	478	81
Unrestricted and restricted cash and cash equivalents, beginning of period	997	1,250	772	691
Unrestricted and restricted cash and cash equivalents, end of period	615	997	1,250	772

Unit: Million (M) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.