RIG Q1 2023 Earnings — Transocean Ltd. Revenue & Financial Results | Market Cap Arena

RIGTransocean Ltd.

$6B

Q1 2023 Earnings

Energy Oil & Gas Drilling

Income Statement

Revenue

$649M+10.8% YoY

Gross Profit

$240M37.0% margin

Operating Income

-$157M-24.2% margin

Net Income

-$465M-71.6% margin

EPS (Diluted)

$-0.64

QoQ Revenue Growth

+7.1%

Cash Flow

Operating Cash Flow

-$47M

Free Cash Flow

-$128M

Stock-Based Comp.

$9M

Balance Sheet

Total Assets

$20.2B

Total Liabilities

$9.9B

Stockholders' Equity

$10.3B

Cash & Equivalents

$955M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$649M	$586M	+10.8%
Gross Profit	$240M	$174M	+37.9%
Operating Income	-$157M	-$50M	-214.0%
Net Income	-$465M	-$175M	-165.7%

Geographic Segments

U.S.

$352M56%

Norway

$148M23%

Other Countries

$132M21%