VAL Q2 2019 Earnings — Valaris Limited Revenue & Financial Results | Market Cap Arena

VALValaris Limited

$6B

Q2 2019 Earnings

Energy Oil & Gas Equipment & Services

Income Statement

Revenue

$584M+27.4% YoY

Gross Profit

$84M14.3% margin

Operating Income

-$157M-27.0% margin

Net Income

$406M69.4% margin

EPS (Diluted)

$4.33

QoQ Revenue Growth

+43.9%

Cash Flow

Operating Cash Flow

-$269M

Free Cash Flow

-$375M

Stock-Based Comp.

$10M

Balance Sheet

Total Assets

$18.4B

Total Liabilities

$8.7B

Stockholders' Equity

$9.7B

Cash & Equivalents

$959M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$584M	$459M	+27.4%
Gross Profit	$84M	$114M	-26.8%
Operating Income	-$157M	-$33M	-382.8%
Net Income	$406M	-$151M	+368.5%

Revenue Segments

Floaters

$296M42%

Jackups Member

$229M32%

ARO

$124M17%

Other Segments

$59M8%