Company: NE-WTA
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0001628280-25-020547
Chunk: 66

Company: Noble Corp plc
Filing Date: 2025-04-29
Form: 10-Q
Item: Item 8
Chunk 66
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 Accounts payable(66,570)19,918 Other current liabilities52,897 (11,543)Other liabilities(13,233)(3,338)Total net change in assets and liabilities$14,987 $(4,395)Non-cash investing and financing activitiesNon-cash investing and financing activities excluded from unaudited Condensed Consolidated Statements of Cash Flows are as follows:Three Months Ended March 31,20252024Accrued capital expenditures at period end$41,515 $63,000 

Note 12 — Information about Noble Finance II8.000% Senior Notes due 2030Noble Finance II, a wholly-owned, indirect subsidiary of Noble, is the issuer of the 2030 Notes and, one or more 100% wholly-owned, direct and indirect subsidiaries of Noble Finance II are the unconditional guarantors, or are otherwise obligated as of March 31, 2025, with respect to the 2030 Notes. See “Note 6 — Debt” for additional information.The Noble Indenture contains a covenant that requires Noble Finance II to furnish to holders of the 2030 Notes certain financial information relating to Noble Finance II and its restricted subsidiaries. The obligation to furnish 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.

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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 summarized financial information below reflects the consolidated accounts of Noble Finance II:March 31, 2025Balance SheetCash and cash equivalents$200,142 Total current assets1,855,607 Total current liabilities710,408 Total debt1,400,811 Total shareholders' equity4,650,419 Three Months Ended March 31, 2025Statement of OperationsOperating revenues$639,547 Operating costs and expenses482,170 Depreciation and amortization104,713 Statement of Cash FlowsNet cash provided by (used in) operating activities$266,097 Capital expenditures(80,124)Proceeds from disposal of assets, net— Dividend payments— 

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

The following discussion