| Jun'14 | Mar'14 | Dec'13 | Sep'13 | Jun'13 | Mar'13 | |
|---|---|---|---|---|---|---|
Cash Flows from Operating Activities | ||||||
Net income | ||||||
94,300 | 43,800 | 232,300 | -40,200 | 136,900 | 86,400 | |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||
Depreciation and amortization | ||||||
54,900 | 39,700 | 73,600 | -400 | 33,800 | 34,200 | |
Amortization of deferred loan charges | ||||||
7,900 | 2,600 | 2,300 | 600 | 2,200 | 2,000 | |
Amortization of mobilization revenue | ||||||
- | -8,300 | - | 1,900 | -7,700 | -9,600 | |
Unrealized (gain) / loss related to derivative financial instruments | ||||||
-16,400 | -49,600 | 29,500 | -14,900 | 42,200 | 3,400 | |
Changes in operating assets and liabilities, net of effect of acquisitions | ||||||
Trade accounts receivable | ||||||
14,300 | 66,500 | -23,300 | -38,800 | 11,600 | 59,900 | |
Mobilization revenue receivable | ||||||
- | -6,900 | - | - | - | 10,000 | |
Trade accounts payable | ||||||
-27,600 | 9,200 | 50,000 | 6,000 | -5,100 | -2,300 | |
Related party balances | ||||||
6,200 | 500 | -19,600 | 69,300 | 6,200 | 1,000 | |
Other assets | ||||||
-3,300 | -6,400 | 12,600 | 10,800 | -3,800 | -21,600 | |
Other liabilities | ||||||
-7,600 | -16,400 | -10,300 | -8,300 | 500 | 4,100 | |
Net cash provided by operating activities | ||||||
95,400 | 67,500 | 310,400 | 63,000 | 126,500 | 64,100 | |
Cash Flows from Investing Activities | ||||||
Acquisition of subsidiaries, net of cash acquired | ||||||
0 | 672,600 | - | - | 0 | 0 | |
Additions to newbuildings and drilling units | ||||||
-16,100 | 17,200 | - | -68,400 | 86,900 | 30,800 | |
Net cash (used in) / provided by investing activities | ||||||
16,100 | -689,800 | -110,000 | 68,400 | -86,900 | -30,800 | |
Cash Flows from Financing Activities | ||||||
Proceeds from long term debt | ||||||
1,069,800 | 1,755,600 | - | 109,500 | 0 | 0 | |
Repayments of long term debt | ||||||
450,900 | 4,000 | 119,800 | 229,000 | 0 | 0 | |
Repayments of related party debt | ||||||
440,300 | 1,134,000 | - | - | 110,800 | 115,900 | |
Proceeds from revolving credit facility | ||||||
- | 0 | - | - | 9,300 | 90,300 | |
Repayments of revolving credit facility | ||||||
0 | 125,900 | - | - | 0 | 0 | |
Repayments of related party discount notes | ||||||
100,000 | 299,900 | - | - | 0 | 0 | |
Cash distributions | ||||||
88,100 | 271,900 | 33,100 | 57,800 | 38,000 | 12,000 | |
Proceeds on issuance of equity, net of fees | ||||||
291,200 | 401,300 | - | - | 0 | 0 | |
Proceeds on issuance of units by Seadrill Capricorn Holdings LLC | ||||||
- | 341,500 | - | - | 0 | 0 | |
Owners funding repaid | ||||||
- | 0 | 144,200 | -25,900 | 7,000 | -12,900 | |
Net cash (used in) / provided by financing activities | ||||||
281,700 | 662,700 | -184,200 | -110,500 | -16,800 | -24,700 | |
Net increase in cash and cash equivalents | ||||||
393,200 | 40,400 | 16,200 | 20,900 | 22,800 | 8,600 | |
Supplementary disclosure of cash flow information | ||||||
Interest and other financial items paid | ||||||
32,800 | 28,200 | 63,800 | -15,400 | 22,500 | 21,300 | |
Taxes paid | ||||||
11,500 | 10,000 | 19,900 | -7,300 | 11,800 | 10,700 | |