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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash Flows from Operating Activities      
Net income $ 74.0 $ 235.3 $ 545.7
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 280.3 274.9 266.3
Amortization of deferred loan charges 12.4 12.6 11.4
Amortization of favorable contracts 45.1 74.4 70.6
Gain on disposal of PPE 0.0 (0.8) 0.0
Loss on impairment of goodwill 3.2 0.0 0.0
Unrealized gain related to derivative financial instruments (38.9) (25.8) (32.2)
Unrealized foreign exchange loss/(gain) 0.5 (3.5) (9.4)
Payment for long term maintenance (91.6) (54.9) (48.0)
Gain on revaluation of contingent consideration 0.0 (89.9) 0.0
Deferred tax expense 0.7 4.6 19.2
Accretion of discount on deferred consideration 5.3 13.2 17.3
Changes in operating assets and liabilities, net of effect of acquisitions      
Trade accounts receivable 103.2 (1.6) 38.7
Prepaid expenses and accrued income (3.6) (4.0) 8.6
Trade accounts payable (11.7) 5.4 7.8
Related party balances (12.9) 16.1 (64.3)
Other assets 15.5 34.4 70.0
Other liabilities 56.5 (4.9) (12.1)
Changes in deferred revenue (3.4) (9.7) (17.0)
Other, net (0.5) 0.4 1.2
Net cash provided by operating activities 434.1 476.2 873.8
Cash Flows from Investing Activities      
Additions to drilling units (23.4) (66.7) (13.1)
Proceeds from sale of assets 0.0 16.2 0.0
Payment received from loans granted to related parties 0.0 39.4 103.6
Insurance refund 0.0 0.0 7.1
Net cash (used in) / provided by investing activities (23.4) (11.1) 97.6
Cash Flows from Financing Activities      
Repayments of long term debt (296.4) (215.0) (105.3)
Debt fees paid 0.0 (3.8) (0.3)
Repayments of related party debt (24.7) (66.0) (249.5)
Contingent consideration paid (34.0) (40.0) (59.7)
Cash distributions (55.4) (60.1) (107.3)
Repayment of shareholder loan (6.2) 0.0 0.0
Net cash (used in) / provided by financing activities (416.7) (384.9) (522.1)
Effect of exchange rate changes on cash (1.0) 0.8 (0.7)
Net (decrease) / increase in cash and cash equivalents (7.0) 81.0 448.6
Cash and cash equivalents at beginning of the year 848.6 767.6 319.0
Cash and cash equivalents at the end of year 841.6 848.6 767.6
Supplementary disclosure of cash flow information      
Interest and other financial items paid 261.3 200.3 196.4
Taxes paid $ 24.9 $ 42.9 $ 49.0