VALValaris Limited

$6B

Q3 2019 Earnings

Energy Oil & Gas Equipment & Services

Income Statement

Revenue

$551M+27.9% YoY

Gross Profit

$55M9.9% margin

Operating Income

-$236M-42.8% margin

Net Income

-$197M-35.8% margin

EPS (Diluted)

$-2.14

QoQ Revenue Growth

-5.6%

Cash Flow

Operating Cash Flow

-$134M

Free Cash Flow

-$174M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$17.2B

Total Liabilities

$7.7B

Stockholders' Equity

$9.5B

Cash & Equivalents

$130M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$551M	$431M	+27.9%
Gross Profit	$55M	$104M	-47.2%
Operating Income	-$236M	-$42M	-463.7%
Net Income	-$197M	-$145M	-35.9%

Revenue Segments

Floaters

$270M39%

Jackups Member

$218M32%

ARO

$138M20%

Other Segments

$64M9%

VAL Q3 2019 Earnings — Valaris Limited Revenue & Financial Results | Market Cap Arena