Company: RIG
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001451505-25-000079
Chunk: 3

Company: Transocean Ltd.
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1F
Chunk 3
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Item I.Financial Statements

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TRANSOCEAN LTD. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(in millions, except per share data)

(Unaudited)

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​​​​​​​​​​​​​​​​Three months ended ​Six months ended ​​​June 30, ​June 30, ​​   2025   2024   2025   2024 ​​​​​​​​​​​​​​Contract drilling revenues​$ 988​$ 861​$ 1,894​$ 1,624​​​​​​​​​​​​​​​Costs and expenses​​​​​​​​​​​​​Operating and maintenance​​ 599​​ 534​​ 1,217​​ 1,057​Depreciation and amortization​​ 175​​ 184​​ 351​​ 369​General and administrative​​ 49​​ 59​​ 99​​ 111​​​​ 823​​ 777​​ 1,667​​ 1,537​​​​​​​​​​​​​​​Loss on impairment of assets​​ (1,136)​​ (143)​​ (1,136)​​ (143)​Gain (loss) on disposal of assets, net​​ 7​​ —​​ 9​​ (6)​Operating loss​​ (964)​​ (59)​​ (900)​​ (62)​​​​​​​​​​​​​​​Other income (expense), net​​​​​​​​​​​​​Interest income​​ 10​​ 14​​ 18​​ 29​Interest expense, net of amounts capitalized​​ (112)​​ (74)​​ (228)​​ (191)​Gain on retirement of debt​​ —​​ 140​​ —​​ 140​Other, net​​ (27)​​ 12​​ (23)​​ 24​​​​ (129)​​ 92​​ (233)​​ 2​​​​​​​​​​​​​​​Income (loss) before income tax expense (benefit)​​ (1,093)​​ 33​​ (1,133)​​ (60)​Income tax expense (benefit)​​ (155)​​ 156​​ (116)​​ (35)​​​​​​​​​​​​​​​Net loss​​ (938)​​ (123)​​ (1,017)​​ (25)​Net income attributable to noncontrolling interest​​ —​​ —​​ —​​ —​Net loss attributable