Company: NE-WTA
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0001895262-25-000016
Chunk: 64

Company: Noble Corp plc
Filing Date: 2025-10-28
Form: 10-Q
Item: Item 8
Chunk 64
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 Improvements to Income Tax Disclosures, which requires, among other things, the following for public business entities: (i) enhanced disclosures of specific categories of reconciling items included in the rate reconciliation, as well as additional information for any of these items meeting certain qualitative and quantitative thresholds, (ii) disclosure of the nature, effect, and underlying causes of each individual reconciling item disclosed in the rate reconciliation and the judgment used in categorizing them if not otherwise evident, and (iii) enhanced disclosures for income taxes paid, which includes federal, state, and foreign taxes, as well as for individual jurisdictions over a certain quantitative threshold. The amendments in ASU No. 2023-09 eliminate the requirement to disclose the nature and estimate of the range of the reasonably possible change in unrecognized tax benefits for the 12 months after the balance sheet date. The provisions of ASU No. 2023-09 are effective for annual periods beginning after December 15, 2024; early adoption is permitted. The Company expects this pronouncement will require changes to our tax reporting processes due to the expanded income tax disclosure requirements, but we do not anticipate the pronouncement will change total reported tax expense, tax assets, or tax liabilities.

10

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)

Note 4 — Income (Loss) Per ShareThe following table presents the computation of basic and diluted income (loss) per share:Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Numerator:Net income (loss)$(21,095)$61,216 $130,080 $351,705 Denominator:Weighted average shares outstanding – basic158,834 149,727 158,879 144,863 Dilutive effect of share-based awards— 1,877 1,999 1,877 Dilutive effect of warrants— 1,334 835 1,502 Weighted average shares outstanding – diluted158,834 152,938 161,713 148,242 Per share data:BasicNet income (loss)$(0.13)$0.41 $0.82 $2.43 DilutedNet income (loss)$(0.13)$0.40 $0.80