VAL Q3 2020 Earnings — Valaris Limited Revenue & Financial Results | Market Cap Arena

VALValaris Limited

$6B

Q3 2020 Earnings

Energy Oil & Gas Equipment & Services

Income Statement

Revenue

$285M-48.2% YoY

Gross Profit

-$22M-7.7% margin

Operating Income

-$94M-33.1% margin

Net Income

-$671M-235.2% margin

EPS (Diluted)

$-8.95

QoQ Revenue Growth

-26.6%

Cash Flow

Operating Cash Flow

-$15M

Free Cash Flow

-$31M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$12.9B

Total Liabilities

$8.4B

Stockholders' Equity

$4.5B

Cash & Equivalents

$180M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$285M	$551M	-48.2%
Gross Profit	-$22M	$55M	-140.0%
Operating Income	-$94M	-$236M	+60.0%
Net Income	-$671M	-$197M	-240.4%

Revenue Segments

Jackups Member

$187M43%

ARO

$146M34%

Floaters

$57M13%

Other Segments

$41M10%