Overview Financials News + Filings Key Docs Charts Holdings Ownership Insiders
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| In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
| | 8-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Revenues: |
| U.S. | | 1,098.0 | 1,302.0 | 1,264.0 | 1,496.0 | 1,527.0 | | 2,416.0 |
| Harsh environment floaters | | 836.0 | 1,046.0 | 1,069.0 | 974.0 | 456.0 | | |
| Other countries | | | | | | 1,028.0 | | 3,158.0 |
| Other | | 668.0 | 974.0 | 1,049.0 | 871.0 | 1,028.0 | | |
| Other | | | | | | | | 1,812.0 |
| Total revenues [+] | 876.0 | 2,556.0 | 3,152.0 | 3,088.0 | 3,018.0 | 2,973.0 | 4,161.0 | 7,386.0 |
| Oil & gas services | | | | | | | | 6,802.0 |
| Other | | | | | | | | 584.0 |
| Revenue growth [+] | -65.7% | -18.9% | 2.1% | 2.3% | 1.5% | -28.6% | -43.7% | -19.6% |
| U.S. | | -15.7% | 3.0% | -15.5% | -2.0% | | | 0.2% |
| Harsh environment floaters | | -20.1% | -2.2% | 9.8% | 113.6% | | | |
| Other countries | | | | | | | | -18.9% |
| Other | | -31.4% | -7.1% | 20.4% | -15.3% | | | |
| Norway | | -9.8% | 13.0% | 19.0% | 684.3% | | | |
| Cost of goods sold [+] | 0.0 | 1,697.0 | 2,000.0 | 2,140.0 | 1,799.0 | 1,389.0 | 1,901.0 | 3,918.0 |
| Contract costs | | | | | | | | 2,955.0 |
| Depreciation and amortization | | | | | | | | 963.0 |
| Gross profit | 876.0 | 859.0 | 1,152.0 | 948.0 | 1,219.0 | 1,584.0 | 2,260.0 | 3,468.0 |
| Gross margin | 100.0% | 33.6% | 36.5% | 30.7% | 40.4% | 53.3% | 54.3% | 47.0% |
| Selling, general and administrative [+] | 182.0 | 167.0 | 183.0 | 193.0 | 188.0 | 156.0 | 172.0 | 192.0 |
| General and administrative | 182.0 | 167.0 | 183.0 | 193.0 | 188.0 | 156.0 | 172.0 | 192.0 |
| Other operating expenses | | 30.0 | 524.0 | 340.0 | 1,464.0 | 3,206.0 | -8.0 | 72.0 |
| EBITDA [+] | 694.0 | 662.0 | 445.0 | 415.0 | -433.0 | -1,778.0 | 2,096.0 | 4,167.0 |
| EBITDA growth | 4.8% | 48.8% | 7.2% | -195.8% | -75.6% | -184.8% | -49.7% | 9.7% |
| EBITDA margin | 79.2% | 25.9% | 14.1% | 13.4% | -14.3% | -59.8% | 50.4% | 56.4% |
| Depreciation | 735.0 | 522.0 | 566.0 | 668.0 | 706.0 | 832.0 | 893.0 | 963.0 |
| EBITA | -41.0 | 140.0 | -121.0 | -253.0 | -1,139.0 | -2,610.0 | 1,203.0 | 3,204.0 |
| EBITA margin | -4.7% | 5.5% | -3.8% | -8.2% | -37.7% | -87.8% | 28.9% | 43.4% |
| Amortization of intangibles | | 220.0 | 215.0 | 187.0 | 112.0 | | | |
| EBIT [+] | -41.0 | -80.0 | -336.0 | -440.0 | -1,251.0 | -2,610.0 | 1,203.0 | 3,204.0 |
| EBIT growth | -48.8% | -76.2% | -23.6% | -64.8% | -52.1% | -317.0% | -62.5% | 20.0% |
| EBIT margin | -4.7% | -3.1% | -10.7% | -14.2% | -41.5% | -87.8% | 28.9% | 43.4% |
| Non-recurring items [+] | -10.0 | 32.0 | 157.0 | 281.0 | | -105.0 | 97.0 | 1,839.0 |
| Asset impairment | | 32.0 | 157.0 | 281.0 | | 1,498.0 | 93.0 | 1,875.0 |
| Loss (gain) on sale of assets | -10.0 | | | | | -1,603.0 | 4.0 | -36.0 |
| Interest expense, net [+] | 534.0 | 432.0 | 554.0 | 617.0 | 567.0 | 448.0 | 389.0 | 410.0 |
| Interest expense | 561.0 | 447.0 | 575.0 | 660.0 | 620.0 | 491.0 | 409.0 | 432.0 |
| Interest income | 27.0 | 15.0 | 21.0 | 43.0 | 53.0 | 43.0 | 20.0 | 22.0 |
| Other income (expense), net [+] | 3.0 | 74.0 | 506.0 | 140.0 | 43.0 | -50.0 | 217.0 | 60.0 |
| Asset impairment charges | | | -597.0 | -609.0 | 1,464.0 | | | |
| Gain (loss) on sale of assets | | -62.0 | -84.0 | -12.0 | | | | |
| Gain (loss) on debt retirement | | 51.0 | 533.0 | -41.0 | -3.0 | -55.0 | 148.0 | 23.0 |
| Other | 5.0 | 23.0 | -27.0 | 181.0 | 46.0 | 5.0 | 69.0 | 37.0 |
| Pre-tax income | -562.0 | -470.0 | -541.0 | -1,198.0 | -1,775.0 | -3,003.0 | 934.0 | 1,015.0 |
| Income taxes | 59.0 | 121.0 | 27.0 | 59.0 | 228.0 | 94.0 | 107.0 | 120.0 |
| Tax rate | | | | | | | 11.5% | 11.8% |
| Minority interest | -621.0 | 1.0 | -1.0 | -2.0 | -7.0 | 30.0 | 49.0 | 32.0 |
| Earnings from continuing ops | -621.0 | -592.0 | -567.0 | -1,255.0 | -1,996.0 | -3,127.0 | 778.0 | 863.0 |
| Earnings from discontinued ops | | | | | | | | 2.0 |
| Net income | -621.0 | -592.0 | -567.0 | -1,255.0 | -1,996.0 | -3,127.0 | 778.0 | 865.0 |
| Net margin | -70.9% | -23.2% | -18.0% | -40.6% | -66.1% | -105.2% | 18.7% | 11.7% |
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| Basic EPS [+] | ($0.89) | ($0.93) | ($0.92) | ($2.05) | ($4.26) | ($8.00) | $2.12 | $2.38 |
| Growth | -4.4% | 0.8% | -55.0% | -51.9% | -46.7% | -477.3% | -10.8% | -147.3% |
| Diluted EPS [+] | ($0.89) | ($0.93) | ($0.92) | ($2.05) | ($4.26) | ($8.00) | $2.12 | $2.38 |
| Growth | -4.4% | 0.8% | -55.0% | -51.9% | -46.7% | -477.3% | -10.8% | -147.3% |
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| Dividends per share [+] | | | | | | | | $1.05 |
| Growth | | | | | | | -100.0% | -62.7% |
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| Shares outstanding (basic) [+] | 699.0 | 637.0 | 615.0 | 612.0 | 468.0 | 391.0 | 367.0 | 363.0 |
| Growth | 9.7% | 3.6% | 0.5% | 30.8% | 19.7% | 6.5% | 1.1% | 0.3% |
| Shares outstanding (diluted) [+] | 699.0 | 637.0 | 615.0 | 612.0 | 468.0 | 391.0 | 367.0 | 363.0 |
| Growth | 9.7% | 3.6% | 0.5% | 30.8% | 19.7% | 6.5% | 1.1% | 0.3% |
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| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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