SDRL: the cash flow

MyFinsight

For the year ending 2025-12-31, SDRL had -$140M decrease in cash & cash equivalents over the period.

Cash Flow	2025-12-31
Net (loss)/income	-77
Depreciation and amortization	238
Gain on disposals of assets	1
Equity in losses/(earnings) of equity investments (net of tax)	-10
Loss on impairment of long-lived assets	22
Deferred tax expense/(benefit)	22
Amortization of debt bond issuance costs	3
Share based compensation expense	20
Change in allowance for credit losses	0
Other	-23
Additions to long-term maintenance	213
Accounts receivable, net	-23
Trade accounts payable	-47
Prepaid expenses	-7
Deferred revenue	-8
Deferred contract costs	-45
Related party receivables	0
Other assets	9
Other liabilities	-86
Net cash (used in)/provided by operating activities	-28
Additions to drilling units and equipment	110
Proceeds from disposal of assets	1
Proceeds from sales of tender-assist units	0
Net proceeds on disposal of business and cash impact from deconsolidation	0
Other	4
Net cash (used in)/provided by investing activities	-113
Taxes withheld on employee stock transactions	3
Shares repurchased	0
Proceeds from debt	0
Repayments of secured credit facilities	0
Share issuance costs	0
Debt issuance costs	0
Net cash used in financing activities	-3
Effect of exchange rate changes on cash and cash equivalents	4
Net (decrease)/increase in cash and cash equivalents, including restricted cash	-140
Cash and cash equivalents, including restricted cash, at beginning of the year	505
Cash and cash equivalents, including restricted cash, at the end of year	365

Unit: Million (M) dollars (except for numbers of shares and EPS).