SEADRILL LIMITED (SDRL) FY2026 YTD Q2 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2026-01-01 to 2026-06-30

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SEADRILL LIMITED cash flow reconciliation, Jan 1, 2026 through Jun 30, 2026One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Orange marks positive customer-advance and deferred-revenue changes that add to operating cash in the reconciliation. These are net changes, not gross customer receipts. Negative changes are neutral reconciliation adjustments; they do not by themselves identify cash payments. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Read chart description and values below for full signed amounts, including zero items.Proceeds from issuance of senior bond → financing reconciliation: $700,000,000.00financing reconciliation → Net cash from financing activities: $73,000,000.00financing reconciliation → Repayment of secured bond: $575,000,000.00financing reconciliation → Payment of make whole premium on secured bond: $25,000,000.00financing reconciliation → Shares repurchased: $17,000,000.00financing reconciliation → Payment of debt issuance costs: $8,000,000.00financing reconciliation → Taxes withheld on employee stock transactions: $2,000,000.00Net cash used in investing activities → investing reconciliation: $38,000,000.00investing reconciliation → Additions to drilling units and equipment: $38,000,000.00Net cash used in operating activities → operating reconciliation: $40,000,000.00Net income/(loss) → operating reconciliation: $22,000,000.00Depreciation and amortization → operating reconciliation: $143,000,000.00Loss on debt extinguishment → operating reconciliation: $35,000,000.00Other liabilities → operating reconciliation: $28,000,000.00Deferred tax expense → operating reconciliation: $18,000,000.00Share based compensation expense → operating reconciliation: $6,000,000.00Trade accounts payable → operating reconciliation: $5,000,000.00Prepaid expenses → operating reconciliation: $3,000,000.00Amortization of debt issuance costs → operating reconciliation: $2,000,000.00operating reconciliation → Accounts receivable, net: $149,000,000.00operating reconciliation → Additions to long-term maintenance: $70,000,000.00operating reconciliation → Deferred contract costs: $31,000,000.00operating reconciliation → Related party receivables: $24,000,000.00operating reconciliation → Deferred revenue: $12,000,000.00operating reconciliation → Equity in earnings of equity method investment (net of tax): $8,000,000.00operating reconciliation → Other assets: $8,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $365,000,000.00Net cash from financing activities → Cash sources and uses: $73,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $360,000,000.00Cash sources and uses → Net cash used in investing activities: $38,000,000.00Cash sources and uses → Net cash used in operating activities: $40,000,000.00Net income/(loss): $22,000,000.00Net income/(loss)+$22.00 MDepreciation and amortization: $143,000,000.00Depreciation & amortization+$143.00 MEquity in earnings of equity method investment (net of tax): -$8,000,000.00Equity-method results−$8.00 MDeferred tax expense: $18,000,000.00Deferred income taxes+$18.00 MUnrealized gain on foreign exchange: $0.00Amortization of debt issuance costs: $2,000,000.00Debt cost amortization+$2.00 MShare based compensation expense: $6,000,000.00Stock-based compensation+$6.00 MLoss on debt extinguishment: $35,000,000.00Debt extinguishment gain & loss+$35.00 MOther: $0.00Additions to long-term maintenance: -$70,000,000.00Long-term maintenance additions−$70.00 MAccounts receivable, net: -$149,000,000.00Accounts & other receivables−$149.00 MTrade accounts payable: $5,000,000.00Accounts payable+$5.00 MPrepaid expenses: $3,000,000.00Prepaid & other assets+$3.00 MDeferred revenue: -$12,000,000.00Unearned revenue−$12.00 MDeferred contract costs: -$31,000,000.00Deferred costs−$31.00 MRelated party receivables: -$24,000,000.00Related party receivables−$24.00 MOther assets: -$8,000,000.00Other operating assets−$8.00 MOther liabilities: $28,000,000.00Other operating liabilities+$28.00 MNet cash used in operating activities: -$40,000,000.00. Cash required to fund net payments.Operating cash−$40.00 Moperating reconciliation: $302,000,000.00Repayment of secured bond: -$575,000,000.00Secured debt repaid−$575.00 MPayment of make whole premium on secured bond: -$25,000,000.00Secured bond make-whole paid−$25.00 MPayment of debt issuance costs: -$8,000,000.00Debt issuance costs−$8.00 MShares repurchased: -$17,000,000.00Common stock repurchases−$17.00 MTaxes withheld on employee stock transactions: -$2,000,000.00Stock-award tax withholding−$2.00 MProceeds from issuance of senior bond: $700,000,000.00Senior debt issued+$700.00 MNet cash from financing activities: $73,000,000.00Financing cash+$73.00 Mfinancing reconciliation: $700,000,000.00Additions to drilling units and equipment: -$38,000,000.00Equipment purchases−$38.00 MOther: $0.00Net cash used in investing activities: -$38,000,000.00. Cash required to fund net payments.Investing cash−$38.00 Minvesting reconciliation: $38,000,000.00Cash sources and uses: $438,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $365,000,000.00Beginning cash$365.00 MEnding cash: Cash, cash equivalents, and restricted cash: $360,000,000.00Ending cash$360.00 MCASH RECONCILIATIONFinancingflowsInvestingflowsOperatingflowsFree cash flowNot availableCash flow / Net income−1.82×Operating cash flow ÷ net incomeNet cash change−$5.00 MEnding cash − beginning cash
Chart details

SEADRILL LIMITED cash flow reconciliation, Jan 1, 2026 through Jun 30, 2026

Cash flows for Jan 1, 2026 through Jun 30, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2025. Ending cash: Jun 30, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Dec 31, 2025
365,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
negative 40,000,000 US dollars. Net cash used.
Net income/(loss)
22,000,000 US dollars
Depreciation and amortization
143,000,000 US dollars
Equity in earnings of equity method investment (net of tax)
negative 8,000,000 US dollars
Deferred tax expense
18,000,000 US dollars
Unrealized gain on foreign exchange
0 US dollars
Amortization of debt issuance costs
2,000,000 US dollars
Share based compensation expense
6,000,000 US dollars
Loss on debt extinguishment
35,000,000 US dollars
Other
0 US dollars
Additions to long-term maintenance
negative 70,000,000 US dollars
Accounts receivable, net
negative 149,000,000 US dollars
Trade accounts payable
5,000,000 US dollars
Prepaid expenses
3,000,000 US dollars
Deferred revenue
negative 12,000,000 US dollars
Deferred contract costs
negative 31,000,000 US dollars
Related party receivables
negative 24,000,000 US dollars
Other assets
negative 8,000,000 US dollars
Other liabilities
28,000,000 US dollars
Investing activities
negative 38,000,000 US dollars. Net cash used.
Additions to drilling units and equipment
negative 38,000,000 US dollars
Other
0 US dollars
Financing activities
73,000,000 US dollars. Net cash provided.
Repayment of secured bond
negative 575,000,000 US dollars
Payment of make whole premium on secured bond
negative 25,000,000 US dollars
Payment of debt issuance costs
negative 8,000,000 US dollars
Shares repurchased
negative 17,000,000 US dollars
Taxes withheld on employee stock transactions
negative 2,000,000 US dollars
Proceeds from issuance of senior bond
700,000,000 US dollars
Operating adjustment reconciliation
302,000,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
700,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
38,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
0 US dollars
Ending cash on Jun 30, 2026
360,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
438,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 5,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
−1.82×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income or operating cash is negative. The full signed reconciliation is retained: losses remain deductions, and any negative operating-cash total enters the junction from the cash pool. No positive direct-income connection is implied.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
SEADRILL LIMITED (SDRL) FY2026 YTD Q2 Statement of Cash Flows Sankey chart
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