Company: NE-WTA
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001628280-25-006184
Chunk: 188

Company: Noble Corp plc
Filing Date: 2025-02-19
Form: 10-K
Item: Item 8
Chunk 188
---
$6,095 Finance lease cost:Amortization of right-of-use assets7,766 — — Interest on lease liabilities734 — — Short-term lease cost3,819 6,185 5,741 Variable lease cost675 928 948 Total lease cost$44,156 $19,728 $12,784 

87

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

Supplemental cash flow information related to leases was as follows:Year EndedYear EndedYear EndedDecember 31, 2024December 31, 2023December 31, 2022Operating leasesOperating cash flows used$20,857 $13,369 $6,676 Right-of-use assets obtained in exchange for a lease liability (1)45,313 9,614 19,841 Finance leasesOperating cash flows used$560 $— $— Financing cash flows used6,064 — — Right-of-use assets obtained in exchange for a lease liability (1)42,113 — — (1)Includes right-of-use assets acquired in business combinations.Maturities of lease liabilities as of December 31, 2024, were as follows:Operating LeasesFinance Leases2025$17,850 $24,049 202616,720 11,430 202714,629 — 202810,905 — 20297,403 — Thereafter43,025 — Total lease payments110,532 35,479 Less: Interest(29,707)(1,487)Present value of lease liability$80,825 $33,992 

Note 10 — Income TaxesNoble is a tax resident in the UK and, as such, is subject to UK corporation tax on its taxable profits and gains. Noble Cayman was incorporated in the Cayman Islands and, therefore, not subject to tax in any jurisdiction. With respect to Noble, a UK tax exemption is available in respect of qualifying dividends income and capital gains related to the sale of qualifying participations. We operate in various countries throughout the world, including the United States. The income or loss of the non-UK subsidiaries of Noble is not subject to UK corporation tax.Consequently, we have taken account of the above exemption and provided