XML 26 R4.htm IDEA: XBRL DOCUMENT v3.20.1
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating revenues    
Revenue from contract with customer $ 281,311 $ 282,888
Operating costs and expenses    
Depreciation and amortization 103,681 109,578
General and administrative 17,839 15,999
Loss on impairment 1,119,517 0
Total operating costs and expenses 1,413,866 306,700
Operating loss (1,132,555) (23,812)
Other income (expense)    
Interest expense, net of amounts capitalized (70,880) (70,244)
Gain on extinguishment of debt, net 0 31,266
Interest income and other, net (2,282) 2,506
Loss from continuing operations before income taxes (1,205,717) (60,284)
Income tax benefit (provision) 143,040 (2,865)
Net loss from continuing operations (1,062,677) (63,149)
Net loss from discontinued operations, net of tax 0 (3,821)
Net loss (1,062,677) (66,970)
Net income attributable to noncontrolling interests 0 (3,919)
Net income (loss) attributable to parent (1,062,677) (70,889)
Net loss from continuing operations (1,062,677) (67,068)
Net loss from discontinued operations, net of tax 0 (3,821)
Net income (loss) attributable to parent $ (1,062,677) $ (70,889)
Basic:    
Loss from continuing operations (usd per share) $ (4.25) $ (0.27)
Loss from discontinued operations (usd per share) 0 (0.02)
Net loss attributable to shareholders (usd per share) (4.25) (0.29)
Diluted:    
Loss from continuing operations (usd per share) (4.25) (0.27)
Loss from discontinued operations (usd per share) 0 (0.02)
Net loss attributable to shareholders (usd per share) $ (4.25) $ (0.29)
Noble Corp    
Operating revenues    
Revenue from contract with customer $ 281,311 $ 282,888
Operating costs and expenses    
Depreciation and amortization 103,109 108,772
General and administrative 6,751 7,595
Loss on impairment 1,119,517 0
Total operating costs and expenses 1,401,902 296,624
Operating loss (1,120,591) (13,736)
Other income (expense)    
Interest expense, net of amounts capitalized (70,880) (70,244)
Gain on extinguishment of debt, net 0 31,266
Interest income and other, net (2,294) 2,506
Loss from continuing operations before income taxes (1,193,765) (50,208)
Income tax benefit (provision) 143,040 (2,865)
Net loss from continuing operations (1,050,725) (53,073)
Net loss from discontinued operations, net of tax 0 (3,821)
Net loss (1,050,725) (56,894)
Net income attributable to noncontrolling interests 0 (3,919)
Net income (loss) attributable to parent (1,050,725) (60,813)
Net income (loss) attributable to parent (1,050,725) (60,813)
Contract drilling services    
Operating revenues    
Revenue from contract with customer 267,364 270,501
Operating costs and expenses    
Cost of services 161,145 171,728
Contract drilling services | Noble Corp    
Operating revenues    
Revenue from contract with customer 267,364 270,501
Operating costs and expenses    
Cost of services 160,841 170,862
Reimbursables and other    
Operating revenues    
Revenue from contract with customer 13,947 12,387
Operating costs and expenses    
Cost of services 11,684 9,395
Reimbursables and other | Noble Corp    
Operating revenues    
Revenue from contract with customer 13,947 12,387
Operating costs and expenses    
Cost of services $ 11,684 $ 9,395