NE FY 2010 Earnings Report — Noble Corporation Plc Revenue & Financial Results | Market Cap Arena

Noble Corporation PlcNE

FY 2010 Earnings

Reported February 25, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2010	Prior Q	FY 2009	QoQ Change	YoY Change
Revenue	$2.8B	—	$3.6B	—	-22.9%
Op. Income	$935M	—	$2.0B	—	-54.2%
Gross Margin	55.1%	—	69.5%	—	-14.4pp
Net Margin	27.6%	—	46.1%	—	-18.6pp
EPS (Diluted)	$3.05	—	$6.48	—	-52.9%
Free Cash Flow	$370M	—	$642M	—	-42.3%

Revenue Flow

Item	Amount
REVENUE	$2.8B
Cost of Revenue	$1.3B
GROSS PROFIT	$1.5B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$92M
Other Expenses	$0
Operating Expenses	$92M
Cost & Expenses	$1.9B
OPERATING INCOME	$935M
Interest Income	$9M
Interest Expense	$9M
Other Income/Expenses	-$19M
INCOME BEFORE TAX	$917M
Income Tax Expense	$143M
Net Income from Continuing Ops	$773M
Net Income from Discontinued Ops	$0
Other Adjustments	-$3.0K
NET INCOME	$773M
Net Income Deductions	$7M
BOTTOM LINE NET INCOME	$766M
D&A	$540M
EBIT	$935M
EBITDA	$1.5B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$2.8B
Cost of Revenue	$1.3B
GROSS PROFIT	$1.5B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$92M
Other Expenses	$0
Operating Expenses	$92M
Cost & Expenses	$1.9B
OPERATING INCOME	$935M
Interest Income	$9M
Interest Expense	$9M
Other Income/Expenses	-$19M
INCOME BEFORE TAX	$917M
Income Tax Expense	$143M
Net Income from Continuing Ops	$773M
Net Income from Discontinued Ops	$0
Other Adjustments	-$3.0K
NET INCOME	$773M
Net Income Deductions	$7M
BOTTOM LINE NET INCOME	$766M
D&A	$540M
EBIT	$935M
EBITDA	$1.5B
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$773M
Depreciation & Amortization	$540M
Stock-Based Compensation	$35M
Deferred Income Tax	-$41M
Other Non-Cash Items	-$16M
Change in Working Capital	$364M
OPERATING CASH FLOW	$1.7B
Capital Expenditure	-$1.3B
Acquisitions (Net)	-$1.6B
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$1.3B
NET CASH FROM INVESTING	-$2.9B
Net Debt Issuance	$1.3B
Common Stock Repurchased	-$229M
Common Dividends Paid	-$227M
Other Financing Activities	$0
NET CASH FROM FINANCING	$862M
FREE CASH FLOW	$370M
Net Change in Cash	-$398M

Balance Sheet

Item	Amount
Cash & Equivalents	$338M
Short-Term Investments	$0
Net Receivables	$387M
Inventory	$0
Other Current Assets	$70M
TOTAL CURRENT ASSETS	$831M
PP&E (Net)	$10.0B
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$259M
Other Non-Current Assets	$84M
TOTAL NON-CURRENT ASSETS	$10.4B
TOTAL ASSETS	$11.2B
Account Payables	$214M
Short-Term Debt	$80M
Deferred Revenue	$15M
Other Current Liabilities	$250M
TOTAL CURRENT LIABILITIES	$720M
Long-Term Debt	$2.7B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$259M
Other Non-Current Liabilities	$268M
TOTAL NON-CURRENT LIABILITIES	$3.2B
TOTAL LIABILITIES	$3.9B
Common Stock	$918M
Additional Paid-In Capital	$39M
Retained Earnings	$6.6B
Treasury Stock	-$374M
Accum. Other Comp. Income	-$50M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$7.2B
Minority Interest	$125M
TOTAL EQUITY	$7.3B
TOTAL LIABILITIES & EQUITY	$11.2B
Total Debt	$2.8B
Net Debt	$2.4B