Supplemental Financial Information

9 Months Ended

Sep. 30, 2021

Supplemental Financial Information [Abstract]

Supplemental Financial Information

Note 16— Supplemental Financial Information

Condensed Consolidated Balance Sheets Information

Our Noble restricted cash balance as of September 30, 2021, February 5, 2021 and December 31, 2020 consisted of $7.4 million, $2.0 million, and $21.7 million, respectively. Our Finco restricted cash balance as of September 30, 2021, February 5, 2021 and December 31, 2020 consisted of $7.4 million, $2.0 million and $1.7 million, respectively. All restricted cash is recorded in “Prepaid expenses and other current assets.”

Condensed Consolidated Statements of Cash Flows Information

Operating cash activities

The net effect of changes in other assets and liabilities on cash flows from operating activities is as follows:

	Noble
	Successor		Predecessor
	Period From		Period From
	February 6, 2021		January 1, 2021
	through		through		Nine Months Ended
	September 30, 2021		February 5, 2021		September 30, 2020
Accounts receivable	$	(20,980)	$	(41,344)	$	31,230
Other current assets	671		17,884		(4,950)
Other assets	(11,891)		8,521		1,483
Accounts payable	3,570		(16,819)		(1,485)
Other current liabilities	12,888		11,428		9,033
Other liabilities	5,569		(5,846)		(7,869)
Total net change in assets and liabilities	$	(10,173)	$	(26,176)	$	27,442

	Finco
	Successor		Predecessor
	Period From February 6, 2021 through September 30, 2021		Period From January 1, 2021 through February 5, 2021		Nine Months Ended September 30, 2020
Accounts receivable	$	(20,980)	$	(41,344)	$	299
Other current assets	460		19,398		8,124
Other assets	(11,874)		8,512		2,750
Accounts payable	6,584		(14,061)		(14,564)
Other current liabilities	12,751		11,623		9,002
Other liabilities	5,395		(5,936)		(7,869)
Total net change in assets and liabilities	$	(7,664)	$	(21,808)	$	(2,258)

Non-cash investing and financing activities

Additions to property and equipment, at cost for which we had accrued a corresponding liability in accounts payable as of September 30, 2021, February 5, 2021 and December 31, 2020 were $30.4 million, $31.0 million and $35.3 million, respectively.

Additions to property and equipment, at cost for which we had accrued a corresponding liability in accounts payable as of September 30, 2020 and December 31, 2019 were $26.4 million and $36.0 million, respectively.

On the Effective Date, an aggregate principal amount of $216.0 million of Second Lien Notes was issued, which includes the aggregate subscription price of $200.0 million, plus a backstop fee of $16.0 million which was paid in kind.

On April 15, 2021, Noble completed the Pacific Drilling Merger, issuing 16.6 million Ordinary Shares valued at $357.7 million, in exchange for $422.1 million net assets acquired. See “Note 4— Acquisitions” for additional information.