Supplemental Financial Information

9 Months Ended

Sep. 30, 2022

Supplemental Financial Information [Abstract]

Supplemental Financial Information

Note 13— Supplemental Financial Information

Condensed Consolidated Balance Sheets Information

Both of Noble’s and Finco’s restricted cash balances as of September 30, 2022 and December 31, 2021 were $4.6 million and $2.6 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
	Nine Months		February 6, 2021		January 1, 2021
	Ended		through		through
	September 30, 2022		September 30, 2021		February 5, 2021
Accounts receivable	$	(73,756)	$	(20,980)	$	(41,344)
Other current assets	5,763		671		17,884
Other assets	(3,585)		(11,891)		8,521
Accounts payable	16,484		3,570		(16,819)
Other current liabilities	(4,999)		12,888		11,428
Other liabilities	34,240		5,569		(5,846)
Total net change in assets and liabilities	$	(25,853)	$	(10,173)	$	(26,176)

	Finco
	Successor				Predecessor
			Period From		Period From
	Nine Months		February 6, 2021		January 1, 2021
	Ended		through		through
	September 30, 2022		September 30, 2021		February 5, 2021
Accounts receivable	$	(73,756)	$	(20,980)	$	(41,344)
Other current assets	5,497		460		19,398
Other assets	(3,550)		(11,874)		8,512
Accounts payable	9,771		6,584		(14,061)
Other current liabilities	(5,412)		12,751		11,623
Other liabilities	34,468		5,395		(5,936)
Total net change in assets and liabilities	$	(32,982)	$	(7,664)	$	(21,808)

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, 2022 and December 31, 2021 were $44.1 million and $36.5 million, respectively.

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.

On the Emergence 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 Cayman completed the Pacific Drilling Merger, issuing 16.6 million Noble Cayman Shares valued at $357.7 million, in exchange for $420.0 million net assets acquired. See “Note 2— Acquisitions and Divestitures” for additional information.