BORR Q4 2022 Earnings — Borr Drilling Limited Revenue & Financial Results | Market Cap Arena

BORRBorr Drilling Limited

$1B

Q4 2022 Earnings

Energy Oil & Gas Drilling

Income Statement

Revenue

$149M+115.1% YoY

Gross Profit

$120M81.0% margin

Operating Income

$30M19.9% margin

Net Income

-$21M-14.3% margin

EPS (Diluted)

$-0.09

QoQ Revenue Growth

+37.7%

Cash Flow

Operating Cash Flow

$73M

Free Cash Flow

$36M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$3.0B

Total Liabilities

$2.1B

Stockholders' Equity

$898M

Cash & Equivalents

$108M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$149M	$69M	+115.1%
Gross Profit	$120M	$33M	+267.9%
Operating Income	$30M	-$13M	+326.9%
Net Income	-$21M	-$46M	+53.8%

Geographic Segments

South East Asia

$115M34%

West Africa

$82M24%

MEXICO

$78M23%

Middle East

$33M10%

Europe

$30M9%