DIAMOND OFFSHORE DRILLING, INC. DO Income Statement

Diamond offshore drilling, inc. (DO)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09	Sep'08	Jun'08
Revenues:
Total revenues
229,170	276,376	254,020	216,706	233,542	232,522	286,322	268,861	295,510	346,208	366,023	399,289	374,226	391,874	349,178	388,747	470,543	555,563	609,742	634,032	620,056	675,321	737,682	692,244	709,424	726,497	706,165	758,018	729,741	750,537	729,141	738,188	768,642	748,357	878,177	889,496	806,389	840,966	799,724	822,603	859,681	890,782	908,375	946,407	885,720	900,376	954,372
Operating expenses:
Depreciation
93,043	91,752	88,693	88,253	86,898	86,255	81,884	81,825	81,825	86,203	83,281	85,982	93,229	86,031	86,473	105,016	104,240	114,448	118,086	123,329	137,299	131,712	108,854	108,906	107,011	96,985	97,143	97,143	96,821	92,844	99,207	99,469	101,393	95,089	101,175	101,175	101,173	95,912	99,117	100,746	97,402	89,468	86,485	85,431	85,062	72,155	70,803
General and administrative
16,345	16,442	18,830	15,294	17,312	15,294	33,308	18,236	18,513	20,206	17,806	19,010	17,483	14,786	15,237	18,139	15,398	15,574	16,888	16,548	17,452	19,923	18,604	20,478	22,827	16,298	15,240	16,435	16,815	14,837	13,476	18,741	17,586	16,334	14,879	16,372	17,725	16,098	16,999	16,849	16,654	14,804	15,628	16,166	16,315	13,944	15,768
Impairment of assets
774,000	-	-	-	-	-	-	27,225	-	-	-	71,268	-	-	-	678,145	-	499,367	2,546	0	358,528	0	109,462	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Bad debt recovery
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	22,563	-	-	2,036	0	-400	-618	12,126	4,734	-1,700	-8,447	-3,843	-2,048	-2,798	-1,100	-	-	-	-	-	-
Restructuring and separation costs
-	-	-	-	-	116	649	1,265	3,011	-	-	-	-	-	-	-	-	1,043	1,574	993	6,168	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Casualty loss
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,281	-
(Gain) loss on disposition of assets
3,433	91	-6,340	9,436	-4,287	-1,307	506	50	510	8,415	-63	802	1,346	-6,060	1,222	747	296	2,309	-794	164	611	-2,230	-1,107	8,572	147	1,281	525	260	2,004	1,559	208	53,695	25,382	414	463	1,240	2,641	1,289	32,392	149	884	7,537	217	93	55	228	226
Total operating expenses
1,075,607	325,245	326,854	328,206	282,669	269,799	309,365	321,236	294,998	352,593	307,442	378,465	323,367	287,729	295,107	1,015,416	358,974	895,662	428,308	499,911	889,586	513,218	647,266	558,478	523,147	538,828	568,813	495,159	516,015	555,575	484,319	481,004	503,232	530,081	527,900	521,900	487,124	505,256	482,544	476,796	433,004	441,584	428,915	428,788	428,784	424,551	377,127
Operating loss
-846,437	-48,869	-72,834	-111,500	-49,127	-37,277	-23,043	-52,375	512	-6,385	58,581	20,824	50,859	104,145	54,071	-626,669	111,569	-340,099	181,434	134,121	-269,530	162,103	90,416	133,766	186,277	187,669	137,352	262,859	213,726	194,962	244,822	257,184	265,410	218,276	350,277	367,596	319,265	335,710	317,180	345,807	426,677	449,198	479,460	517,619	456,936	475,825	577,245
Other income (expense):
Interest income
389	718	1,317	1,933	2,414	2,475	2,364	2,001	1,637	1,126	776	396	175	176	150	269	173	1,526	629	584	583	157	86	150	408	-323	136	271	617	858	773	1,496	1,783	3,103	2,024	1,091	450	755	395	477	1,282	852	1,879	1,190	576	3,055	2,941
Interest expense, net of amounts capitalized
32,321	30,650	31,098	31,159	29,925	31,044	34,293	29,585	28,318	30,119	28,562	27,251	27,596	21,230	19,032	24,156	25,516	23,134	21,350	25,468	23,982	15,997	9,378	18,523	18,155	7,130	1,693	7,951	8,069	9,436	8,720	12,731	15,329	12,993	15,874	22,226	22,044	24,477	22,567	21,333	22,321	23,174	14,031	11,288	1,117	2,989	1,895
Loss on extinguishment of senior notes
-	-	-	-	-	-	-	-	-	-	-35,366	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Foreign currency transaction gain (loss)
207	-2,053	-77	-721	-1,085	-494	-743	411	447	-611	-677	-927	1,087	-3,689	-712	-3,513	-3,608	1,511	-1,163	-3,473	5,590	6,923	425	-2,971	-1,178	-966	-4,556	448	159	-1,118	-1,860	1,083	-104	-3,985	-1,442	-1,555	-1,606	1,175	3,724	-3,991	461	-6,438	8,313	13,733	-4,125	-29,047	12,574
Other, net
323	182	82	105	333	37	-179	262	580	908	1,447	-62	-63	472	269	-12,046	578	171	217	264	221	84	90	181	327	945	326	674	-254	-225	-168	-274	-325	-854	-136	-880	784	-2,651	-166	-34	-87	-1,467	-336	-416	1,067	581	-86
Loss before income tax benefit
-877,839	-80,672	-102,610	-141,342	-77,390	-66,303	-55,894	-79,286	-25,142	-35,081	-3,801	-7,020	24,462	79,874	34,746	-666,115	83,196	-360,025	159,767	106,028	-287,118	153,270	81,639	112,603	167,679	180,195	131,565	256,301	206,179	185,041	234,847	246,758	251,435	203,547	334,849	344,026	296,849	310,512	298,566	320,926	406,012	418,971	475,285	520,838	453,337	447,425	590,779
Income tax benefit
-15,899	-5,902	-7,482	-27,354	-4,062	12,904	-4,782	-10,012	-44,463	-3,140	-14,600	-22,969	923	-36,208	20,819	-76,178	-4,229	-114,641	23,345	15,642	-31,409	54,427	28,994	22,890	21,869	87,580	36,817	70,967	30,190	29,380	56,661	45,297	66,266	15,057	77,995	77,440	46,237	68,825	100,042	96,533	115,159	142,907	111,151	133,398	104,756	136,892	174,615
Net loss
-861,900	-74,770	-95,128	-113,988	-73,328	-79,207	-51,112	-69,274	19,321	-31,941	10,799	15,949	23,539	116,082	13,927	-589,937	87,425	-245,384	136,422	90,386	-255,709	98,843	52,645	89,713	145,810	92,615	94,748	185,334	175,989	155,661	178,186	201,461	185,169	188,490	256,854	266,586	250,612	241,687	198,524	224,393	290,853	276,064	364,134	387,440	348,581	310,533	416,164
(Loss) earnings per share:
Basic
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.12	1.28	1.45	1.33	-	1.85	1.92	1.80	1.74	1.43	1.61	2.09	1.98	2.62	2.79	2.51	2.23	2.99
Diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.12	1.28	1.45	1.33	-	1.85	1.92	1.80	1.74	1.43	1.61	2.09	1.97	2.62	2.79	2.51	2.23	2.99
Loss per share, Basic and Diluted
-6.25	-	-0.69	-0.83	-0.53	-	-0.37	-0.50	0.14	-	0.08	0.12	0.17	-	0.10	-4.30	0.64	-	0.99	0.66	-1.86	-	0.38	0.65	1.05	-	0.68	1.33	1.27	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Weighted-average shares outstanding:
Shares of common stock
137,831	137,701	137,694	137,691	137,522	137,439	137,434	137,429	137,294	137,228	137,227	137,224	137,173	137,170	137,170	137,170	137,162	137,159	137,159	137,159	137,151	137,132	137,146	137,145	138,469	139,038	139,035	139,035	139,032	139,029	139,030	139,029	139,028	139,027	139,027	139,027	139,027	139,025	139,027	139,026	139,026	139,020	139,005	139,002	139,001	139,001	138,959
Dilutive potential shares of common stock
-	-	-	-	-	-	-	-	201	114	14	3	77	-	84	-	44	-	44	42	-	191	1	4	4	0	30	37	49	30	23	11	12	-21	14	25	26	10	10	53	103	120	98	79	63	90	124
Total weighted-average shares outstanding
137,831	137,701	137,694	137,691	137,522	137,238	137,434	137,429	137,495	137,342	137,241	137,227	137,250	137,042	137,254	137,170	137,206	137,073	137,203	137,201	137,151	137,323	137,147	137,149	138,473	139,038	139,065	139,072	139,081	139,059	139,053	139,040	139,040	139,006	139,041	139,052	139,053	139,035	139,037	139,079	139,129	139,140	139,103	139,081	139,064	139,091	139,083
Cash dividends declared per share of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.12	0.12	0.12	0.87	0.87	0.87	0.87	0.87	0.87	0.87	0.87	0.87	0.87	0.87	0.87	0.87	0.87	0.87	0.87	0.87	0.87	1.50	2.00	2.00	2.00	2.00	2.00	-	-
Contract Drilling [Member]
Total revenues
217,866	258,649	242,315	207,273	226,697	226,003	280,691	265,353	287,926	337,809	357,683	392,170	363,557	384,646	339,636	357,409	443,523	544,129	599,036	617,442	599,577	674,376	727,888	649,554	685,308	707,972	690,741	744,898	699,973	740,623	714,027	726,261	755,155	734,283	861,511	869,646	788,873	824,561	748,998	811,739	844,438	872,132	885,281	923,458	855,708	881,953	936,626
Contract drilling, excluding depreciation
184,511	199,633	201,568	224,782	167,429	160,368	188,456	189,321	184,689	204,152	198,072	196,217	203,523	174,342	186,654	198,336	212,841	256,393	277,944	342,869	350,658	358,655	399,802	395,376	369,790	408,907	419,488	369,036	375,094	377,589	357,281	405,252	397,102	406,763	391,369	388,006	362,364	382,535	350,555	351,769	306,227	317,025	304,146	304,853	297,747	314,273	273,436
Reimbursable Expenses [Member]
Total revenues
11,304	17,727	11,705	9,433	6,845	6,519	5,631	3,508	7,584	8,399	8,340	7,119	10,669	7,228	9,542	31,338	27,020	11,434	10,706	16,590	20,479	945	9,794	42,690	24,116	18,525	15,424	13,120	29,768	9,914	15,114	11,927	13,487	14,074	16,666	19,850	17,516	16,405	50,726	10,864	15,243	18,650	23,094	22,949	30,012	18,423	17,746
Contract drilling, excluding depreciation
11,113	17,537	11,423	9,313	6,743	6,459	5,574	3,414	7,470	8,256	8,220	6,790	10,478	6,775	7,965	16,527	26,791	11,146	10,476	16,336	20,092	698	9,437	42,290	23,666	17,969	14,904	12,805	29,289	9,427	14,563	11,637	13,151	13,609	16,206	19,287	16,950	15,843	50,313	10,379	14,705	18,078	22,873	22,431	29,715	18,126	17,346