VAL Q2 2021 Earnings — Valaris Limited Revenue & Financial Results | Market Cap Arena

VALValaris Limited

$6B

Q2 2021 Earnings

Energy Oil & Gas Equipment & Services

Income Statement

Revenue

$293M-24.6% YoY

Gross Profit

$34M11.7% margin

Operating Income

-$33M-11.2% margin

Net Income

-$3.6B-1215.7% margin

EPS (Diluted)

$-47.51

QoQ Revenue Growth

-4.6%

Cash Flow

Operating Cash Flow

-$34M

Free Cash Flow

-$45M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$2.6B

Total Liabilities

$1.5B

Stockholders' Equity

$1.1B

Cash & Equivalents

$609M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$293M	$389M	-24.6%
Gross Profit	$34M	$18M	+89.5%
Operating Income	-$33M	-$1.0B	+96.8%
Net Income	-$3.6B	-$1.1B	-221.8%

Revenue Segments

Jackups

$129M45%

ARO

$84M29%

Floaters

$50M17%

Other Segments

$25M9%