Company: NE-WTA
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001628280-25-038188
Chunk: 74

Company: Noble Corp plc
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 8
Chunk 74
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 such information may be satisfied by providing financial information of Noble along with a description of the differences between such information and the financial information of Noble Finance II and its restricted subsidiaries on a standalone basis.The summarized financial information below reflects the consolidated accounts of Noble Finance II:June 30, 2025Balance SheetCash and cash equivalents$176,431 Total current assets1,853,882 Total current liabilities671,334 Total debt1,401,098 Total shareholders' equity4,658,572 Six Months Ended June 30, 2025Statement of OperationsOperating revenues$1,211,076 Operating costs and expenses1,021,240 Depreciation and amortization213,663 Statement of Cash FlowsNet cash provided by (used in) operating activities$393,034 Capital expenditures(177,161)Proceeds from disposal of assets, net16,190 

Note 13 — Subsequent EventsIn August 2025, the Company announced that it intends to dispose of the Noble Globetrotter II and Noble Reacher. As a result, the Company concluded that it expects its third quarter 2025 results to include an estimated non-cash charge ranging between $60.0 million and $85.0 million associated with the planned disposal of these rigs and related assets.

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Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

The following discussion is intended to assist you in understanding our financial position at June 30, 2025, and our results of operations for the three and six months ended June 30, 2025 and 2024. The following discussion should be read in conjunction with the unaudited condensed consolidated financial statements and related notes contained in this Quarterly Report on Form 10-Q, the audited consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2024 (the “Form 10-K”), filed by Noble Corporation plc, a public limited company incorporated under the laws of England and Wales (“Noble”) and our other filings with the US Securities and Exchange Commission (“SEC”). References in this Quarterly Report on Form 10-Q to “Noble,” the “Company,” “we,” “us,” “our,” and words of similar meaning refer collectively to Noble and its consolidated subsidiaries.

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Forward-Looking Statements

This Quarterly Report on Form 10-Q includes “forward-looking statements” within the meaning of Section