Company: NE-WTA
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0001628280-25-020547
Chunk: 60

Company: Noble Corp plc
Filing Date: 2025-04-29
Form: 10-Q
Item: Item 8
Chunk 60
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 $1,401,214 $1,414,266 8.500% Senior Secured Second Lien Notes due October 2030577,960 564,955 578,972 571,428 Credit facilityAmended and Restated Senior Secured Revolving Credit Facility— — — — Total debt1,978,771 1,966,257 1,980,186 1,985,694 Less: Current maturities of long-term debt— — — — Long-term debt$1,978,771 $1,966,257 $1,980,186 $1,985,694 

Note 7 — Revenue and CustomersDisaggregation of RevenueThe following table provides information about contract drilling services revenue by rig types:Three Months Ended March 31,20252024Floaters$693,451 $494,467 Jackups138,977 117,958 Total$832,428 $612,425 Contract BalancesAccounts receivable are recognized when the right to the consideration becomes unconditional based upon contractual billing schedules. Payment terms on invoiced amounts are typically 30 to 60 days. Customer contract assets and liabilities generally consist of deferred revenue and contract costs resulting from past transactions related to the provision of services under contracts with customers. Current contract asset and liability balances are included in “Prepaid expenses and other current assets” and “Other current liabilities,” respectively, and noncurrent contract assets and liabilities are included in “Other assets” and “Other liabilities,” respectively, on our Condensed Consolidated Balance Sheets. Off-market customer contract assets and liabilities have been recognized in connection with the merger, pursuant to a Business Combination Agreement, dated November 10, 2021, as amended, by and among Noble, Noble Finco Limited (n/k/a Noble Corporation plc), Noble Newco Sub Limited, the Drilling Company of 1972 A/S, a Danish public limited liability company (“Maersk Drilling”), and the other parties thereto (the “Business Combination with Maersk Drilling”) and the Diamond Transaction, and are included in “Intangible assets” and “Noncurrent contract liabilities,” respectively.

13

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

The following table provides