For the year ending 2025-12-31, VAL had $237M increase in cash & cash equivalents over the period. $202.7M in free cash flow.
| Cash Flow | 2025-12-31 |
|---|---|
| Net income | 979.1 |
| Deferred income tax expense (benefit) | -515.1 |
| Depreciation expense | 146.3 |
| Gain (loss) on disposition of assets | 118.6 |
| Loss on impairment | 27.3 |
| Share-based compensation expense | 25.2 |
| Accretion of discount on the notes receivable from aro | 24.7 |
| Equity in earnings (losses) of aro | 8.4 |
| Loss on extinguishment of debt | 0 |
| Increase (decrease) in contract with customer, liability | -41 |
| Increase (decrease) in deferred charges | -16.1 |
| Increase (decrease) in contract with customer, asset | 10.3 |
| Other | -8 |
| Changes in operating assets and liabilities | -78.9 |
| Contributions to pension plans and other post-retirement benefits | 16.6 |
| Net cash provided by operating activities | 546.2 |
| Additions to property and equipment | 343.5 |
| Proceeds from disposition of assets | 137.9 |
| Net cash provided by (used in) investing activities, total | -205.6 |
| Payments for repurchase of common stock | 100 |
| Payment, tax withholding, share-based payment arrangement | 3.6 |
| Payments of debt issuance costs | 0 |
| Proceeds from issuance of long-term debt-Second Lien Notes | 0 |
| Reduction of long-term borrowings | 0 |
| Other | 0 |
| Net cash provided by (used in) financing activities | -103.6 |
| Increase (decrease) in cash and cash equivalents and restricted cash | 237 |
Valaris Ltd (VAL)
Valaris Ltd (VAL)