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Supplemental Financial Information
 12 Months Ended
Dec. 31, 2022
Supplemental Financial Information [Abstract]  
Supplemental Financial Information
Note 20— Supplemental Financial Information
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
SuccessorPredecessor
Period FromPeriod From
YearFebruary 6, 2021January 1, 2021Year
EndedthroughthroughEnded
December 31, 2022December 31, 2021February 5, 2021December 31, 2020
Accounts receivable$(18,133)$6,245 $(41,344)$50,802 
Other current assets21,271 2,295 17,884 (866)
Other assets16,861 (11,650)8,521 (2,369)
Accounts payable20,430 11,429 (16,819)357 
Other current liabilities(36,713)4,312 11,428 8,582 
Other liabilities15,468 32,928 (5,846)(10,941)
Total net change in assets and liabilities$19,184 $45,559 $(26,176)$45,565 
Finco
SuccessorPredecessor
Period FromPeriod From
YearFebruary 6, 2021January 1, 2021Year
EndedthroughthroughEnded
December 31, 2022December 31, 2021February 5, 2021December 31, 2020
Accounts receivable$(11,457)$6,245 $(41,344)$19,588 
Other current assets19,757 (594)19,398 7,830 
Other assets17,044 (11,618)8,512 (800)
Accounts payable18,809 15,822 (14,061)(11,018)
Other current liabilities(36,550)4,125 11,623 16,055 
Other liabilities15,696 32,700 (5,936)(10,941)
Total net change in assets and liabilities$23,299 $46,680 $(21,808)$20,714 
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 December 31, 2022, 2021 and 2020 were $196.4 million, $36.5 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. In addition, certain debt as described in “Note 2— Chapter 11 Emergence” was cancelled in exchange for shares on the Emergence Effective Date.
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 4— Acquisitions and Divestitures” for additional information.
On October 3, 2022, Noble completed the Business Combination with Maersk Drilling, issuing 60.1 million Noble Shares valued at $1.8 billion, in exchange for $2.0 billion net assets acquired. Also in connection with the Business Combination, in
mid-November 2022, the Compulsory Purchase interest was settled when 4.1 million Ordinary Shares were issued, resulting an increase in additional paid in capital of $123.8 million, and the remainder paid in cash of $69.9 million. See “Note 4— Acquisitions and Divestitures” for additional information.
Additional cash flow information is as follows:
Noble
SuccessorPredecessor
Period FromPeriod From
YearFebruary 6, 2021January 1, 2021Year
EndedthroughthroughEnded
December 31, 2022December 31, 2021February 5, 2021December 31, 2020
Cash paid during the period for:
Interest, net of amounts capitalized$35,543 $21,150 $— $138,040 
Income taxes paid (refunded), net (1)
58,386 (8,113)4,385 (133,708)
Finco
SuccessorPredecessor
Period FromPeriod From
YearFebruary 6, 2021January 1, 2021Year
EndedthroughthroughEnded
December 31, 2022December 31, 2021February 5, 2021December 31, 2020
Cash paid during the period for:
Interest, net of amounts capitalized$26,103 $21,150 $— $138,040 
Income taxes paid (refunded), net (1)
58,386 (8,113)4,385 (133,708)
(1) The net income tax paid for the year ended December 31, 2022 includes withholding tax in Guyana of $34.7 million on gross revenue reimbursed by Exxon. Excluding such withholding tax, the net tax refund would be $23.7 million.