Ocean rig udw inc. (ORIG)
Balance Sheet / Yearly
Jun'18Dec'17Jun'17Dec'16Jun'16Dec'15Jun'15Dec'14Jun'14Dec'13Jun'13Dec'12Jun'12Dec'11Dec'10
ASSETS
CURRENT ASSETS:
Cash and cash equivalents (Note 3)

717

736

941

718

866

734

821

528

457

605

198

317

191

250

95

Restricted cash (Note 3)

1

46

36

34

1

2

1

2

3

3

8

37

59

57

512

Trade accounts receivable, net of allowance for doubtful receivables of $13,526 and $13,961 as at December 31, 2017 and June 30, 2018, respectively

79

169

237

297

335

416

393

345

326

289

199

148

117

123

24

Assets held for sale (Note 7)

-

-

59

-

-

-

-

-

-

-

-

-

-

-

-

Due from related parties, current (Note 3)

-

-

-

-

-

-

78

-

-

-

-

-

-

-

-

Financial instruments (Note 10)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

Other current assets (Note 5)

24

37

29

29

80

84

104

101

188

110

112

93

142

65

37

Total current assets

822

990

1,303

1,079

1,284

1,238

1,399

978

976

1,009

519

597

510

496

672

FIXED ASSETS, NET:
Advances for drilling units under construction and related costs (Note 6)

35

0

562

545

420

394

363

622

561

662

1,076

992

780

754

1,888

Drilling units, machinery and equipment, net (Note 7)

1,809

1,852

2,324

2,438

6,248

6,336

6,853

6,207

6,366

5,777

4,376

4,399

4,479

4,538

1,249

Total fixed assets, net

1,845

1,852

2,887

2,983

6,669

6,731

7,217

6,830

6,928

6,439

5,453

5,392

5,260

5,293

3,137

OTHER NON-CURRENT ASSETS:
Restricted cash (Note 3)

-

-

0

20

15

10

10

0

75

50

131

155

113

125

50

Financial instruments (Note 10)

-

-

-

-

0

3

4

10

9

13

18

0

0

0

-

Due from a related party, non- current (Note 3)

-

-

-

-

-

-

0

117

-

0

-

-

-

-

-

Intangible assets, net

-

-

-

-

-

-

-

-

5

-

6

7

8

9

10

Above-market acquired drilling contracts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

Other non-current assets (Note 8)

8

9

4

7

17

36

58

105

123

107

103

71

101

91

472

Total non-current assets, net

8

9

4

27

32

50

72

233

213

171

260

235

224

225

533

Total assets

2,676

2,851

4,196

4,091

7,986

8,020

8,689

8,041

8,117

7,620

6,232

6,225

5,994

6,015

4,343

LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Current portion of long-term debt, net of deferred financing costs (Note 9)

0

81

159

640

200

56

56

19

20

85

13

169

235

210

560

Current portion of long-term debt, net of deferred financing costs, subject to compromise (Note 9)

-

-

3,640

-

-

-

-

-

-

-

-

-

-

-

-

Due to related parties (Note 4)

0

0

0

7

0

0

0

11

-

0

-

-

1

-

-

Accounts payable and other current liabilities

35

41

39

53

66

104

78

72

139

89

80

69

22

37

9

Accrued liabilities

33

45

161

86

108

118

149

175

198

214

163

156

125

104

45

Deferred revenue

5

15

15

23

50

113

147

121

164

123

86

69

89

34

40

Financial instruments (Note 10)

-

-

-

-

6

8

15

17

25

30

34

39

42

40

12

Total current liabilities

74

184

4,016

812

432

401

448

417

548

543

378

505

517

427

667

NON-CURRENT LIABILITIES:
Long term debt, net of current portion and deferred financing costs (Note 9)

350

450

0

3,247

3,856

4,271

4,754

4,352

4,376

3,907

2,758

2,683

2,406

2,525

696

Financial instruments (Note 10)

-

-

-

-

1

2

5

8

11

15

21

38

42

52

96

Deferred revenue

11

14

17

19

22

66

79

81

140

152

100

71

59

9

-

Pensions

-

-

-

-

-

-

-

-

-

-

0

-

-

2

-

Deferred tax liability (Note 16)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Other non-current liabilities

0

0

2

1

2

2

12

15

15

21

15

17

3

0

0

Total non-current liabilities

362

464

19

3,268

3,883

4,343

4,852

4,457

4,544

4,096

2,895

2,810

2,511

2,589

794

COMMITMENTS AND CONTINGENCIES (Note 16)

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

STOCKHOLDERS' EQUITY:
Preferred stock, $0.01 par value; 100,000,000 shares authorized at December 31, 2017 and June 30, 2018, respectively, nil issued and outstanding at December 31, 2017 and June 30, 2018, respectively

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Common stock, $0.01 par value; 1,800,000,000 (1,500,000,000 class A shares and 300,000,000 class B shares) shares authorized, at December 31, 2017 and June 30, 2018, respectively, 91,567,982 (90,562,138 class A shares and 1,005,844 class B shares) issued and outstanding at December 31, 2017 and 91,567,982 (91,151,018 class A shares and 416,964 class B shares) at June 30, 2018 (Note 11)

0

0

1

0

1

1

1

1

1

1

1

1

1

1

1

Treasury stock; nil at December 31, 2017 and June 30, 2018, respectively (Note 11)

0

0

0

0

0

0

0

0

-

-

-

-

-

-

-

Additional paid-in capital

5,722

5,722

3,524

3,525

3,523

3,572

3,651

3,494

3,494

3,492

3,489

3,489

3,479

3,469

3,457

Accumulated other comprehensive income

3

3

3

3

-22

-22

-23

-23

-22

-23

-23

-27

-43

-51

-60

Accumulated deficit

-3,487

-3,523

-3,368

-3,517

167

-276

-240

-306

-447

-490

-508

-553

-470

-421

-516

Total stockholders' equity

2,238

2,203

160

10

3,670

3,274

3,388

3,166

3,025

2,979

2,958

2,908

2,965

2,998

2,881

Total liabilities and stockholders' equity

2,676

2,851

4,196

4,091

7,986

8,020

8,689

8,041

8,117

7,620

6,232

6,225

5,994

6,015

4,343