Company: NE-WTA
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001628280-25-006184
Chunk: 114

Company: Noble Corp plc
Filing Date: 2025-02-19
Form: 10-K
Item: Item 7
Chunk 114
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 December 31,Change20242023$%Operating revenues:Contract drilling services$2,918,767 $2,461,715 $457,052 19 %Reimbursables and other (1)139,051 127,303 11,748 9 %$3,057,818 $2,589,018 $468,800 18 %Operating costs and expenses:Contract drilling services$1,687,164 $1,452,281 $234,883 16 %Reimbursables (1)105,479 91,642 13,837 15 %Depreciation and amortization428,626 301,345 127,281 42 %General and administrative140,499 128,413 12,086 9 %Merger and integration costs109,424 60,335 49,089 81 %Gain on sale of operating assets, net(17,357)— (17,357)— %Hurricane losses and (recoveries), net— (19,703)19,703 (100)%2,453,835 2,014,313 439,522 22 %Operating income (loss)$603,983 $574,705 $29,278 5 %

(1)We record reimbursements from customers for out-of-pocket expenses as operating revenues and the related direct costs as operating expenses. Changes in the amount of these reimbursables generally do not have a material effect on our financial position, results of operations, or cash flows.

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Contract Drilling Services Revenues

The following table provides information about contract drilling services revenues and costs by rig types (dollars in millions except average dayrates):

Years Ended December 31,20242023FloatersJackupsFloatersJackupsContract drilling services revenues$2,350 $569 $2,010 $452 Contract drilling services costs$1,306 $381 $1,112 $340 Average rig utilization69 %77 %73 %64 %Operating days5,372 3,678 5,067 3,272 Average dayrates$427,192 $153,321 $382,041 $128,161 Total rigs— Beginning19 13 19 13 — Acquired11 — — — — Disposed(3)—