RIG Q2 2023 Earnings — Transocean Ltd. Revenue & Financial Results | Market Cap Arena

RIGTransocean Ltd.

$6B

Q2 2023 Earnings

Energy Oil & Gas Drilling

Income Statement

Revenue

$729M+5.3% YoY

Gross Profit

$245M33.6% margin

Operating Income

-$42M-5.8% margin

Net Income

-$165M-22.6% margin

EPS (Diluted)

$-0.22

QoQ Revenue Growth

+12.3%

Cash Flow

Operating Cash Flow

$157M

Free Cash Flow

$81M

Stock-Based Comp.

$11M

Balance Sheet

Total Assets

$20.2B

Total Liabilities

$9.8B

Stockholders' Equity

$10.4B

Cash & Equivalents

$1.0B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$729M	$692M	+5.3%
Gross Profit	$245M	$259M	-5.4%
Operating Income	-$42M	$28M	-250.0%
Net Income	-$165M	-$68M	-142.6%

Geographic Segments

U.S.

$365M54%

Other Countries

$171M25%

Norway

$142M21%