VALValaris Limited

$6B

Q1 2021 Earnings

Energy Oil & Gas Equipment & Services

Income Statement

Revenue

$307M-32.7% YoY

Gross Profit

$54M17.4% margin

Operating Income

-$848M-276.0% margin

Net Income

-$910M-296.3% margin

EPS (Diluted)

$-12.13

QoQ Revenue Growth

+3.6%

Cash Flow

Operating Cash Flow

-$32M

Free Cash Flow

-$38M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$11.9B

Total Liabilities

$8.5B

Stockholders' Equity

$3.5B

Cash & Equivalents

$292M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$307M	$457M	-32.7%
Gross Profit	$54M	-$19M	+375.8%
Operating Income	-$848M	-$3.1B	+72.2%
Net Income	-$910M	-$3.0B	+69.7%

Revenue Segments

Jackups Member

$173M40%

ARO

$123M29%

Floaters

$97M23%

Other Segments

$37M9%

VAL Q1 2021 Earnings — Valaris Limited Revenue & Financial Results | Market Cap Arena