Company: NE-WTA
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001628280-25-006184
Chunk: 156

Company: Noble Corp plc
Filing Date: 2025-02-19
Form: 10-K
Item: Item 8
Chunk 156
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 in tables are in thousands) 

The following table represents the allocation of the total purchase price of Diamond to the identifiable assets acquired and the liabilities assumed based on the fair values as of the Diamond Closing Date. In connection with this acquisition, the Company incurred $84.5 million of acquisition related costs during the year ended December 31, 2024. The results of Diamond operations were included in the Company’s results of operations effective on the Diamond Closing Date. Upon completion of our assessment as of December 31, 2024, the Company concluded that no goodwill nor gain on bargain purchase should be recorded as appropriate under US GAAP.Purchase price consideration:Fair value of Ordinary Shares transferred to legacy Diamond shareholders$857,678 Fair value of replacement Diamond RSU Awards attributable to the purchase price22,263 Cash paid to legacy Diamond shareholders583,152 Cash paid to terminate the Diamond Revolving Credit Facility308 Cash paid to settle contingent success fees17,316 Cash paid for retention bonuses4,422 Cash paid for short-term incentive plans5,086 Total purchase price consideration$1,490,225 Assets acquired:Cash and cash equivalents$193,243 Accounts receivable, net193,194 Taxes receivable6,971 Prepaid expenses and other current assets69,781 Total current assets463,189 Property and equipment, net1,817,986 Assets held for sale (1)5,300 Other assets193,289 Total assets acquired2,479,764 Liabilities assumed:Accounts payable82,805 Accrued payroll and related costs36,791 Taxes payable3,699 Interest payable19,750 Other current liabilities137,788 Total current liabilities280,833 Long-term debt580,250 Deferred income taxes184 Noncurrent contract liabilities27,663 Other liabilities100,609 Total liabilities assumed989,539 Net assets acquired$1,490,225 (1)During the third quarter of 2024, we sold the Ocean Valiant for total proceeds of $5.6 million. See “Note 5 — Property and Equipment.”

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NOBLE CORPORATION plc AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS(Unless otherwise indicated, dollar and share amounts in tables are in thousands) 

Diamond Revenue and Net IncomeThe following table represents Diamond’s revenue and earnings included in Noble’s Consolidated Statements of Operations subsequent to the Diamond Closing Date of the Diamond