NE FY 2011 Earnings Report — Noble Corporation Plc Revenue & Financial Results | Market Cap Arena

Noble Corporation PlcNE

FY 2011 Earnings

Reported February 27, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$2.7B	—	$2.8B	—	-4.0%
Op. Income	$469M	—	$935M	—	-49.8%
Gross Margin	45.2%	—	55.1%	—	-9.9pp
Net Margin	13.8%	—	27.6%	—	-13.8pp
EPS (Diluted)	$1.47	—	$3.05	—	-51.8%
Free Cash Flow	-$1.9B	—	$370M	—	-608.3%

Revenue Flow

Item	Amount
REVENUE	$2.7B
Cost of Revenue	$1.5B
GROSS PROFIT	$1.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$91M
Other Expenses	$0
Operating Expenses	$91M
Cost & Expenses	$2.2B
OPERATING INCOME	$469M
Interest Income	$460.0K
Interest Expense	$56M
Other Income/Expenses	-$33M
INCOME BEFORE TAX	$436M
Income Tax Expense	$73M
Net Income from Continuing Ops	$364M
Net Income from Discontinued Ops	$0
Other Adjustments	$7M
NET INCOME	$371M
Net Income Deductions	$4M
BOTTOM LINE NET INCOME	$367M
D&A	$659M
EBIT	$469M
EBITDA	$1.1B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.7B
Cost of Revenue	$1.5B
GROSS PROFIT	$1.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$91M
Other Expenses	$0
Operating Expenses	$91M
Cost & Expenses	$2.2B
OPERATING INCOME	$469M
Interest Income	$460.0K
Interest Expense	$56M
Other Income/Expenses	-$33M
INCOME BEFORE TAX	$436M
Income Tax Expense	$73M
Net Income from Continuing Ops	$364M
Net Income from Discontinued Ops	$0
Other Adjustments	$7M
NET INCOME	$371M
Net Income Deductions	$4M
BOTTOM LINE NET INCOME	$367M
D&A	$659M
EBIT	$469M
EBITDA	$1.1B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$371M
Depreciation & Amortization	$659M
Stock-Based Compensation	$32M
Deferred Income Tax	-$82M
Other Non-Cash Items	-$28M
Change in Working Capital	-$192M
OPERATING CASH FLOW	$759M
Capital Expenditure	-$2.6B
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$100M
NET CASH FROM INVESTING	-$2.5B
Net Debt Issuance	$1.3B
Common Stock Repurchased	-$10M
Common Dividends Paid	-$151M
Other Financing Activities	$507M
NET CASH FROM FINANCING	$1.7B
FREE CASH FLOW	-$1.9B
Net Change in Cash	-$99M

Balance Sheet

Item	Amount
Cash & Equivalents	$239M
Short-Term Investments	$0
Net Receivables	$662M
Inventory	$0
Other Current Assets	$96M
TOTAL CURRENT ASSETS	$1.1B
PP&E (Net)	$11.9B
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$243M
Other Non-Current Assets	$295M
TOTAL NON-CURRENT ASSETS	$12.4B
TOTAL ASSETS	$13.5B
Account Payables	$226M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$391M
TOTAL CURRENT LIABILITIES	$827M
Long-Term Debt	$4.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$243M
Other Non-Current Liabilities	$255M
TOTAL NON-CURRENT LIABILITIES	$4.6B
TOTAL LIABILITIES	$5.4B
Common Stock	$767M
Additional Paid-In Capital	$48M
Retained Earnings	$6.7B
Treasury Stock	-$11M
Accum. Other Comp. Income	-$74M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$7.4B
Minority Interest	$691M
TOTAL EQUITY	$8.1B
TOTAL LIABILITIES & EQUITY	$13.5B
Total Debt	$4.1B
Net Debt	$3.8B