BORR Q2 2021 Earnings — Borr Drilling Limited Revenue & Financial Results | Market Cap Arena

BORRBorr Drilling Limited

$1B

Q2 2021 Earnings

Energy Oil & Gas Drilling

Income Statement

Revenue

$55M-34.8% YoY

Gross Profit

$28M51.8% margin

Operating Income

-$26M-47.4% margin

Net Income

-$60M-109.3% margin

EPS (Diluted)

$-0.44

QoQ Revenue Growth

+13.2%

Cash Flow

Operating Cash Flow

-$11M

Free Cash Flow

-$16M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$3.1B

Total Liabilities

$2.2B

Stockholders' Equity

$968M

Cash & Equivalents

$32M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$55M	$84M	-34.8%
Gross Profit	$28M	$57M	-49.7%
Operating Income	-$26M	-$91M	+71.5%
Net Income	-$60M	-$110M	+45.3%

Revenue Segments

Dayrate Segment

$5M100%

Geographic Segments

South East Asia

$21M39%

Europe

$18M32%

West Africa

$13M23%

MEXICO

$3M6%