Company: NE-WTA
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001628280-25-006184
Chunk: 166

Company: Noble Corp plc
Filing Date: 2025-02-19
Form: 10-K
Item: Item 8
Chunk 166
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 31, 2024December 31, 2023December 31, 2022Warrants (1)2,774 2,774 2,774 (1)    Represents the total number of warrants outstanding which did not have a dilutive effect. In periods where the warrants are determined to be dilutive, the number of shares which will be included in the computation of diluted shares is determined using the Treasury Stock Method, adjusted for mandatory exercise provisions under the warrant agreements if applicable.

Note 5 — Property and EquipmentProperty and equipment, at cost, for Noble consisted of the following:December 31,20242023Drilling equipment and facilities$6,650,034 $4,338,229 Construction in progress197,789 210,759 Other56,908 42,948 Property and equipment, at cost$6,904,731 $4,591,936 Capital additions, including capitalized interest, during the years ended December 31, 2024, 2023, and 2022 totaled $520.3 million, $454.3 million, and $193.6 million, respectively.During 2024, we sold the Noble Explorer for total proceeds of $25.0 million, $21.5 million of which was received in the fourth quarter of 2023, resulting in a pre-tax gain of $17.4 million. Also, during 2024, we sold the Ocean Valiant and the Ocean Onyx for total proceeds of $5.6 million and $5.2 million, respectively.During 2022, we sold the Divestment Business as part of the Rig Transaction for total net proceeds of $366.8 million, resulting in a gain of $85.1 million, and the Noble Clyde Boudreaux for total net proceeds of $14.2 million, resulting in a gain of $6.8 million.

Note 6 — DebtAmended and Restated Senior Secured Revolving Credit AgreementIn April 2023, Noble entered into the Amended and Restated Senior Secured Revolving Credit Agreement, dated as of April 18, 2023, and as amended on June 24, 2024 (the “2023 Revolving Credit Agreement”), by and among Noble Finance II LLC (“Noble Finance II”), Noble International Finance Company, Noble Drilling A/S, and certain additional subsidiaries of Noble Finance II as