Company: RIG
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0001451505-25-000049
Chunk: 1

Company: Transocean Ltd.
Filing Date: 2025-04-29
Form: 10-Q
Item: Item 1
Chunk 1
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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 ​​​March 31, ​​   2025   2024 ​​​​​​​​Contract drilling revenues​$ 906​$ 763​​​​​​​​​Costs and expenses​​​​​​​Operating and maintenance​​ 618​​ 523​Depreciation and amortization​​ 176​​ 185​General and administrative​​ 50​​ 52​​​​ 844​​ 760​​​​​​​​​Gain (loss) on disposal of assets, net​​ 2​​ (6)​Operating income (loss)​​ 64​​ (3)​​​​​​​​​Other income (expense), net​​​​​​​Interest income​​ 8​​ 15​Interest expense, net of amounts capitalized​​ (116)​​ (117)​Other, net​​ 4​​ 12​​​​ (104)​​ (90)​Loss before income tax expense (benefit)​​ (40)​​ (93)​Income tax expense (benefit)​​ 39​​ (191)​​​​​​​​​Net income (loss)​​ (79)​​ 98​Net income attributable to noncontrolling interest​​ —​​ —​Net income (loss) attributable to controlling interest​$ (79)​$ 98​​​​​​​​​Earnings (loss) per share​​​​​​​Basic​$ (0.09)​$ 0.12​Diluted​$ (0.11)​$ 0.11​​​​​​​​​Weighted-average shares outstanding​​​​​​​Basic​​ 883​​ 819​Diluted​​ 958​​ 955​

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