Company: NE-WTA
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001628280-25-006184
Chunk: 162

Company: Noble Corp plc
Filing Date: 2025-02-19
Form: 10-K
Item: Item 8
Chunk 162
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ersk Drilling assets acquired and liabilities assumed as well as the assumptions utilized in estimating their fair values. Upon completion of our assessment as of September 30, 2023, the Company concluded that recording a gain on bargain purchase was appropriate and required under US GAAP.

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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) 

Purchase price consideration:Fair value of Ordinary Shares transferred to legacy Maersk shareholders$1,793,351 Cash paid to legacy Maersk shareholders887 Fair value of replacement Maersk Drilling RSU Awards attributable to the purchase price6,780 Deal Completion Bonus6,177 Fair Value of Compulsory Purchase193,678 Total purchase price consideration$2,000,873 Assets acquired:Cash and cash equivalents$172,205 Accounts receivable, net250,251 Taxes receivable (1)18,987 Prepaid expenses and other current assets (1)43,168 Total current assets484,611 Intangible assets22,991 Property, plant, and equipment, net2,756,096 Other assets (1)94,882 Total assets acquired3,358,580 Liabilities assumed:Current maturities of long-term debt129,130 Accounts payable130,273 Accrued payroll and related costs (1)23,884 Taxes payable (1)29,219 Interest payable800 Other current liabilities (1)44,253 Total current liabilities357,559 Long-term debt596,692 Deferred income taxes4,071 Noncurrent contract liabilities237,703 Other liabilities (1)156,677 Total liabilities assumed1,352,702 Net assets acquired2,005,878 Gain on bargain purchase (1)(5,005)Purchase price consideration$2,000,873 (1)During the nine months ended September 30, 2023, the Company recorded tax adjustments, which resulted in a net decrease in current taxes receivable and current taxes payable of $1.6 million and $9.0 million, respectively, a net increase in deferred tax assets of $25.2 million, a net increase in other current liabilities of $3.0 million, a net increase in reserves for uncertain tax positions of $13.1 million, and a net decrease in