Skip to main navigation 12:49 AM EDT MENU NON-GAAP FINANCIAL MEASURES AND RECONCILIATIONS We use various numerical measures in conference calls, investor meetings and other forums which are or may be considered "Non-GAAP financial measures" under Regulation G. We have provided below supplemental financial disclosure for these measures, including, where applicable, the most directly comparable GAAP measure and an associated reconciliation. Please click on the pertinent files listed below to see this disclosure. Adjusted Net Income and Diluted EPS (3Q21) Effective Tax Rate – September 30, 2021 EBITDA and Adjusted EBITDA (3Q21) Free Cash Flow (3Q21) Adjusted Net Income and Diluted EPS (2Q21) Effective Tax Rate – June 30, 2021 EBITDA and Adjusted EBITDA (2Q21) Free Cash Flow (2Q21) Adjusted Net Income and Diluted EPS (1Q21) Effective Tax Rate – March 31, 2021 EBITDA and Adjusted EBITDA (1Q21) Free Cash Flow (1Q21) Adjusted Net Income and Diluted EPS (4Q20) Effective Tax Rate – December 31, 2020 EBITDA and Adjusted EBITDA (4Q20) Free Cash Flow (4Q20) Adjusted Net Income and Diluted EPS (3Q20) Effective Tax Rate – September 30, 2020 EBITDA and Adjusted EBITDA (3Q20) Free Cash Flow (3Q20) Adjusted Net Income and Diluted EPS (2Q20) Total Debt to Net Debt and Tangible Capital (2Q20) Effective Tax Rate – June 30, 2020 EBITDA and Adjusted EBITDA (2Q20) Free Cash Flow (2Q20) Adjusted Net Income and Diluted EPS (1Q20) Total Debt to Net Debt and Tangible Capital (1Q20) Effective Tax Rate – March 31, 2020 EBITDA and Adjusted EBITDA (1Q20) Free Cash Flow (1Q20) Adjusted Net Income and Diluted EPS (4Q19) Total Debt to Net Debt and Tangible Capital (4Q19) Effective Tax Rate – December 31, 2019 EBITDA and Adjusted EBITDA (4Q19) Free Cash Flow (4Q19) Adjusted Net Income and Diluted EPS (3Q19) Total Debt to Net Debt and Tangible Capital (3Q19) Effective Tax Rate – September 30, 2019 EBITDA and Adjusted EBITDA (3Q19) Free Cash Flow (3Q19) Effective Tax Rate – June 30, 2019 Adjusted Net Income and Diluted EPS (2Q19) EBITDA and Adjusted EBITDA (2Q19) Total Debt to Net Debt, Adjusted Debt and Tangible Capital (2Q19) Free Cash Flow (2Q19) Adjusted Net Income and Diluted EPS (1Q19) Total Debt to Net Debt, Adjusted Debt and Tangible Capital (1Q19) Effective Tax Rate – March 31, 2019 EBITDA and Adjusted EBITDA (1Q19) Free Cash Flow (1Q19) Adjusted Net Income and Diluted EPS (4Q18) Total Debt to Net Debt, Adjusted Debt and Tangible Capital (4Q18) Effective Tax Rate – December 31, 2018 EBITDA and Adjusted EBITDA (4Q18) Free Cash Flow (4Q18) Adjusted Net Income and Diluted EPS (3Q18) Total Debt to Net Debt, Adjusted Debt and Tangible Capital (3Q18) Effective Tax Rate – September 30, 2018 EBITDA and Adjusted EBITDA (3Q18) Free Cash Flow (3Q18) Adjusted Net Income and Diluted EPS (2Q18) Total Debt to Net Debt, Adjusted Debt and Tangible Capital (2Q18) Effective Tax Rate – June 30, 2018 EBITDA and Adjusted EBITDA (2Q18) Adjusted Net Income and Diluted EPS (1Q18) Total Debt to Net Debt, Adjusted Debt and Tangible Capital (1Q18) Effective Tax Rate – March 31, 2018 EBITDA and Adjusted EBITDA (1Q18) Adjusted Net Income and Diluted EPS (4Q17) Total Debt to Net Debt, Adjusted Debt and Tangible Capital (4Q17) Effective Tax Rate – December 31, 2017 EBITDA and Adjusted EBITDA (4Q17) Adjusted Net Income and Diluted EPS (3Q17) Total Debt to Net Debt, Adjusted Debt and Tangible Capital (3Q17) Effective Tax Rate – September 30, 2017 EBITDA and Adjusted EBITDA (3Q17) Adjusted Net Income and Diluted EPS (2Q17) Total Debt to Net Debt, Adjusted Debt and Tangible Capital (2Q17) Effective Tax Rate – June 30, 2017 EBITDA and Adjusted EBITDA (2Q17) Adjusted Net Income and Diluted EPS (1Q17) Total Debt to Net Debt, Adjusted Debt and Tangible Capital (1Q17) Effective Tax Rate – March 31, 2017 EBITDA and Adjusted EBITDA (1Q17) Adjusted Net Income and Diluted EPS (4Q16) Effective Tax Rate – December 31, 2016 EBITDA and Adjusted EBITDA (4Q16) Adjusted Net Income and Diluted EPS (3Q16) Total Debt to Net Debt, Adjusted Debt and Tangible Capital (3Q16) Effective Tax Rate – September 30, 2016 EBITDA and Adjusted EBITDA (3Q16) Adjusted Net Income and Diluted EPS (2Q16) Total Debt to Net Debt, Adjusted Debt and Tangible Capital (2Q16) EBITDA and Adjusted EBITDA (2Q16) Effective Tax Rate – June 30, 2016 Adjusted Net Income and Diluted EPS (1Q16) Total Debt to Net Debt, Adjusted Debt and Tangible Capital (1Q16) Effective Tax Rate - March 31, 2016 Adjusted Net Income and Diluted EPS (4Q15) Total Debt to Net Debt, Adjusted Debt and Tangible Capital (4Q15) Effective Tax Rate – December 31, 2015 Adjusted Net Income and Diluted EPS (3Q15) Total Debt to Net Debt, Adjusted Debt and Tangible Capital (3Q15) Effective Tax Rate - September 30, 2015 Adjusted Net Income and Diluted EPS (2Q15) Total Debt to Net Debt, Adjusted Debt and Tangible Capital (2Q15) Effective Tax Rate - June 30, 2015 Adjusted Net Income and Diluted EPS (1Q15) Total Debt to Net Debt, Adjusted Debt and Tangible Capital (1Q15) Effective Tax Rate – March 31, 2015 Effective Tax Rate – December 31, 2014 Total Debt to Net Debt, Adjusted Debt and Tangible Capital (4Q14) Adjusted Net Income and Diluted EPS (4Q14) Adjusted Net Income and Diluted EPS (3Q14) Total Debt to Net Debt, Adjusted Debt and Tangible Capital (3Q14) Effective Tax Rate – September 30, 2014 Adjusted Net Income and Diluted EPS (2Q14) Total Debt to Net Debt, Adjusted Debt and Tangible Capital (2Q14) Effective Tax Rate – June 30, 2014 Adjusted Net Income and Diluted EPS (1Q14) Total Debt to Net Debt, Adjusted Debt and Tangible Capital (1Q14) Effective Tax Rate – March 31, 2014 Adjusted Net Income and Diluted EPS (4Q13) Total Debt to Net Debt, Adjusted Debt and Tangible Capital (4Q13) Effective Tax Rate – December 31, 2013 Adjusted Net Income and Diluted EPS (3Q13) Total Debt to Net Debt, Adjusted Debt and Tangible Capital (3Q13) Effective Tax Rate - September 30, 2013 Adjusted Net Income and Diluted Earnings (2Q13) Total Debt to Net Debt, Adjusted Debt and Tangible Capital (2Q13) Effective Tax Rate - June 30, 2013 Adjusted Net Income and Diluted Earnings (1Q13) Total Debt to Net Debt, Adjusted Debt and Tangible Capital (1Q13) Effective Tax Rate - March 31, 2013 4Q12 Adjusted Earnings and EPS 4Q12 Net Debt and Tangible Capital Effective Tax Rate - December 31, 2012 Effective Tax Rate - September 30, 2012 Effective Tax Rate - June 30, 2012 Effective Tax Rate - March 31, 2012 TOOLS Print Page RSS Feeds E-mail Alerts IR and Media Contacts BACK TO TOP ABOUT CONTACT ©2021 TRANSOCEAN LTD. 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