Borr Drilling Limited (BORR) Financials

NYSE:BORR

Market Cap

1.81B

Total Revenue

443.80M

Gross Profit

327.30M

Operating Income

-14.70M

Net Income

-292.80M

Metric	2017	2018	2019	2020	2021	2022
revenue	100,000	164,900,000	334,100,000	307,500,000	245,300,000	443,800,000
costOfRevenue	47,900,000	103,700,000	121,600,000	117,900,000	119,600,000	116,500,000
grossProfit	-47,800,000	61,200,000	212,500,000	189,600,000	125,700,000	327,300,000
researchAndDevelopmentExpenses	--	--	--	--	--	--
sellingAndMarketingExpenses	--	--	--	--	--	--
generalAndAdministrativeExpenses	21,000,000	38,700,000	50,400,000	49,100,000	34,700,000	36,800,000
sellingGeneralAndAdministrativeExpenses	21,000,000	38,700,000	50,400,000	49,100,000	34,700,000	36,800,000
operatingExpenses	57,200,000	218,800,000	358,300,000	319,500,000	215,200,000	301,700,000
operatingIncome	-109,700,000	131,400,000	-145,800,000	-117,600,000	-91,600,000	-14,700,000
totalOtherIncomeExpensesNet	19,000,000	-14,800,000	-151,100,000	-171,400,000	-91,700,000	-259,700,000
ebitda	-58,600,000	-80,400,000	-75,700,000	300,000	28,000,000	101,800,000
depreciationAndAmortization	47,900,000	79,500,000	70,100,000	117,900,000	119,600,000	116,500,000
interestIncome	3,200,000	1,200,000	1,500,000	200,000	--	5,400,000
interestExpense	500,000	13,700,000	70,400,000	87,400,000	92,900,000	125,400,000
incomeBeforeTax	-88,000,000	-188,400,000	-296,900,000	-289,000,000	-183,300,000	-274,400,000
incomeTaxExpense	-21,700,000	2,500,000	11,200,000	16,200,000	9,700,000	18,400,000
netIncome	-88,000,000	-190,500,000	-308,100,000	-305,200,000	-193,000,000	-292,800,000
eps	-3.31	-3.7	-5.73	-4.06	-1.43	-1.64
epsdiluted	-3.31	-3.7	-5.73	-4.06	-1.43	-1.64
weightedAverageShsOut	26,563,207	51,438,750	53,739,313	75,177,352	134,726,336	178,404,637
weightedAverageShsOutDil	26,563,207	51,438,750	53,739,313	75,177,352	134,726,336	178,404,637
costAndExpenses	105,100,000	322,500,000	479,900,000	437,400,000	334,800,000	418,200,000
otherExpenses	36,200,000	180,100,000	307,900,000	270,400,000	180,500,000	264,900,000

Key Facts

Industry

Oil & Gas Drilling

Sector

Energy

Headquarters

Hamilton, , BM

Website

borrdrilling.com

CEO

Mr. Patrick Arnold Henk Schorn

Employees

1504

About the Company

Borr Drilling Limited operates as an offshore drilling contractor to the oil and gas industry worldwide. It owns, contracts, and operates jack-up rigs for operations in shallow-water areas, including the provision of related equipment and work crews to conduct oil and gas drilling and workover operations for exploration and production. The company serves oil and gas exploration and production companies, such as integrated oil companies, state-owned national oil companies, and independent oil and gas companies. As of December 31, 2021, it operated a fleet of 23 jack-up drilling rigs. The company was formerly known as Magni Drilling Limited and changed its name to Borr Drilling Limited in December 2016. Borr Drilling Limited was incorporated in 2016 and is based in Hamilton, Bermuda.