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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating revenues      
Contract revenues $ 686.5 $ 797.5 $ 1,007.7
Total operating revenues 750.0 1,038.2 1,128.4
Operating expenses      
Depreciation (275.9) (280.3) (274.9)
Amortization of favorable contracts (45.1) (45.1) (74.4)
Selling, general and administrative expenses [1] (34.4) (45.8) (44.8)
Total operating expenses (700.1) (678.0) (755.6)
Other operating items      
Loss on impairment of goodwill 0.0 (3.2) 0.0
Revaluation of contingent consideration 0.7 0.0 89.9
Gain on sale of assets 0.0 0.0 0.8
Total other operating items 0.7 (3.2) 90.7
Operating income 50.6 357.0 463.5
Financial items      
Interest income 20.3 47.1 15.7
Interest expense [1] (262.5) (263.7) (179.1)
(Loss)/gain on derivative financial instruments [1] (27.7) 24.9 (13.9)
Currency exchange (loss)/gain (2.6) 0.2 0.9
Other financial expenses (1.4) (4.8) (11.5)
Total financial items (273.9) (196.3) (187.9)
(Loss)/income before income taxes (223.3) 160.7 275.6
Income tax benefit/(expense) 36.1 (86.7) (40.3)
Net (loss)/income (187.2) 74.0 235.3
Net (loss)/income attributable to the non-controlling interest (94.3) 17.9 94.1
Net (loss)/income attributable to Seadrill Partners LLC owners $ (92.9) $ 56.1 $ 141.2
(Loss)/Earnings per unit (common and subordinated)      
Common unitholders (in usd per share) $ (10.12) $ 7.45 $ 18.76
Subordinated unitholders (in usd per share) $ (10.12) $ 0.00 $ 0.00
Reimbursable revenues/expenses      
Operating revenues      
Reimbursable and other revenues $ 20.7 $ 31.2 $ 17.7
Operating expenses      
Expenses (19.4) (28.6) (16.1)
Other revenues      
Operating revenues      
Reimbursable and other revenues [1] 42.8 209.5 103.0
Vessel and rig operating expenses      
Operating expenses      
Expenses [1] $ (325.3) $ (278.2) $ (345.4)
[1] Includes transactions with related parties. Refer to Note 14 - "Related party transactions".