VAL: the balance sheet

MyFinsight

For the quarter ending 2025-09-30, VAL has $4,638,000K in assets. $2,187,400K in debts. $662,700K in cash and cash equivalents.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

Balance Sheets	2025-09-30	2025-06-30
Cash and cash equivalents	662,700	503,400
Restricted cash	12,800	12,800
Accounts receivable, net	513,700	554,200
Other current assets	154,400	157,000
Total current assets	1,343,600	1,227,400
Property and equipment, at cost	2,507,700	2,461,600
Less accumulated depreciation	473,300	440,000
Property and equipment, net	2,034,400	2,021,600
Long-term notes receivable from aro	314,700	308,500
Investment in aro	119,300	114,900
Deferred tax assets	673,900	675,500
Other assets	152,100	155,400
Total assets	4,638,000	4,503,300

Accounts payable - trade	327,100	332,300
Accrued liabilities and other	390,900	346,400
Total current liabilities	718,000	678,700
Long-term debt	1,085,200	1,084,300
Deferred tax liabilities	27,000	29,400
Other liabilities	357,200	377,600
Liabilities, total	2,187,400	2,170,000
Common shares, 0.01 par value, 700.0 shares authorized, 76400000 and 76200000 shares issued, 69700000 and 71000000 shares outstanding as of september30, 2025 and december31, 2024, respectively	800	800
Stock warrants	16,400	16,400
Additional paid-in capital	1,128,600	1,124,600
Retained earnings	1,664,200	1,476,100
Accumulated other comprehensive income	37,900	36,900
Treasury shares, at cost, 6.7 and 5.2 shares as of september30, 2025 and december31, 2024, respectively	400,100	325,100
Total valaris shareholders' equity	2,447,800	2,329,700
Noncontrolling interests	2,800	3,600
Total shareholders' equity	2,450,600	2,333,300
Total liabilities and shareholders' equity	4,638,000	4,503,300