Diamond Offshore Drilling

Diamond Offshore is a leader in offshore drilling, providing contract drilling services to the energy industry around the globe with a total fleet of 30 offshore drilling rigs, including one under construction. Diamond Offshore's fleet consists of 21 semisubmersibles, of which one harsh environment semi is under construction, four dynamically positioned drillships, and five jack-ups.
Company Growth (employees)
Type
Public
HQ
Houston, US
Founded
1992
Size (employees)
2,800 (est)
Diamond Offshore Drilling was founded in 1992 and is headquartered in Houston, US

Diamond Offshore Drilling Office Locations

Diamond Offshore Drilling has an office in Houston
Houston, US (HQ)
100 15415 Katy Fwy

Diamond Offshore Drilling Data and Metrics

Diamond Offshore Drilling Financial Metrics

Diamond Offshore Drilling's revenue was reported to be $374.2 m in Q1, 2017
USD

Revenue (Q1, 2017)

374.2 m

Net income (Q1, 2017)

23.5 m

EBIT (Q1, 2017)

50.9 m

Market capitalization (15-Aug-2017)

1.5 b

Cash (31-Mar-2017)

123.3 m
Diamond Offshore Drilling's current market capitalization is $1.5 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

2.9 b2.8 b2.4 b1.6 b

Revenue growth, %

(4%)(14%)(34%)

General and administrative expense

63.6 m

Operating expense total

2.1 b2.2 b2.7 b2 b

EBIT

801.6 m572.6 m(294.1 m)(356.9 m)

EBIT margin, %

27%20%(12%)(22%)

Interest expense

24.8 m62.1 m

Interest income

701 k801 k3.3 m768 k

Pre tax profit

774.2 m515.2 m

Income tax expense

(225.6 m)(128.2 m)107.1 m95.8 m

Net Income

548.7 m387 m(274.3 m)(372.5 m)
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

692.2 m737.7 m620.1 m634 m609.7 m470.5 m388.7 m349.2 m374.2 m

General and administrative expense

20.5 m18.6 m17.5 m16.5 m16.9 m15.4 m18.1 m15.2 m17.5 m

Operating expense total

20.5 m18.6 m17.5 m16.5 m16.9 m15.4 m18.1 m15.2 m17.5 m

EBIT

133.8 m90.4 m(269.5 m)134.1 m181.4 m111.6 m(626.7 m)54.1 m50.9 m

EBIT margin, %

19%12%(43%)21%30%24%(161%)15%14%

Interest expense

(18.5 m)(9.4 m)

Interest income

150 k86 k583 k584 k629 k173 k269 k150 k175 k

Pre tax profit

112.6 m81.6 m

Income tax expense

(22.9 m)(29 m)31.4 m(15.6 m)(23.3 m)4.2 m76.2 m(20.8 m)(923 k)

Net Income

235.5 m288.2 m(255.7 m)(165.3 m)(28.9 m)87.4 m(502.5 m)(488.6 m)23.5 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

347 m233.6 m119 m156.2 m

Inventories

144 m185.5 m119.5 m102.1 m

Current Assets

2.7 b899.1 m669.6 m505.8 m

Total Assets

8.4 b8 b7.2 b6.4 b

Accounts Payable

94.2 m138.4 m70.3 m30.2 m

Total Debt

2.5 b2.2 b2.5 b2.1 b

Current Liabilities

745.6 m856.6 m625.7 m340.5 m

Total Liabilities

2.6 b

Common Stock

1.4 m1.4 m1.4 m1.4 m

Additional Paid-in Capital

2 b2 b2 b2 b

Retained Earnings

2.8 b2.7 b2.3 b1.9 b

Total Equity

4.6 b4.5 b4.1 b3.8 b

Debt to Equity Ratio

0.5 x0.5 x0.6 x0.6 x

Debt to Assets Ratio

0.3 x0.3 x0.4 x0.3 x

Financial Leverage

1.8 x1.8 x1.7 x1.7 x
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

95.9 m141.1 m128.9 m103.3 m81.3 m123.3 m

Current Assets

822.4 m841.1 m615 m546.4 m477.1 m515.5 m

Total Assets

7.9 b7.9 b6.9 b6.5 b6.4 b6.3 b

Accounts Payable

83.6 m78.6 m51.4 m35.6 m36.5 m33.3 m

Current Liabilities

1 b890.4 m381 m628 m479.9 m201.6 m

Common Stock

1.4 m1.4 m1.4 m1.4 m1.4 m1.4 m

Additional Paid-in Capital

2 b2 b2 b2 b2 b2 b

Retained Earnings

2.5 b2.6 b2.4 b1.8 b1.8 b2 b

Total Equity

4.3 b4.4 b4.2 b3.6 b3.6 b3.8 b

Financial Leverage

1.8 x1.8 x1.7 x1.8 x1.8 x1.7 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

548.7 m387 m(274.3 m)(372.5 m)

Depreciation and Amortization

388.1 m456.5 m493.2 m381.8 m

Accounts Receivable

7.9 m5.3 m58.9 m159.1 m

Inventories

10.1 m(2.8 m)19.2 m6.2 m

Cash From Operating Activities

1.1 b992.8 m736.4 m646.6 m

Capital Expenditures

(957.6 m)(2 b)(830.7 m)(652.7 m)

Cash From Investing Activities

(1.6 b)(280.2 m)(817.6 m)(426.3 m)

Long-term Borrowings

(250 m)(250 m)(250 m)

Cash From Financing Activities

497.7 m(826 m)(33.5 m)(183 m)

Free Cash Flow

2 b3 b1.6 b(6.1 m)
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

235.5 m288.2 m(255.7 m)(165.3 m)(28.9 m)87.4 m(502.5 m)(488.6 m)23.5 m

Depreciation and Amortization

215.9 m324.8 m137.3 m260.6 m378.7 m104.2 m209.3 m295.7 m93.2 m

Accounts Receivable

(75.9 m)(48.3 m)18.2 m(51.8 m)(33.4 m)41.8 m80.8 m131.4 m

Accounts Payable

33.3 m

Cash From Operating Activities

367.3 m682.8 m160.6 m200.8 m466.7 m241.3 m305.5 m492 m

Capital Expenditures

(817.4 m)(1 b)(197 m)(686.1 m)(758.3 m)(58.1 m)(533.4 m)(598.2 m)

Cash From Investing Activities

599.2 m142.6 m(192.3 m)(678.4 m)(749.9 m)55.2 m(361.5 m)(424.6 m)

Long-term Borrowings

(250 m)(250 m)(250 m)

Cash From Financing Activities

(332.8 m)(703.6 m)(17.2 m)339.8 m190.7 m(286.6 m)40.3 m(105.1 m)

Free Cash Flow

(450 m)(341.5 m)(36.5 m)(485.3 m)(291.7 m)183.2 m(227.9 m)(106.2 m)
USDY, 2017

Revenue/Employee

133.7 k

Financial Leverage

1.7 x

Diamond Offshore Drilling Market Value History

Traffic Overview of Diamond Offshore Drilling

Diamond Offshore Drilling Online and Social Media Presence

Diamond Offshore Drilling News and Updates

North Sea or Great Australian Bight, oil drilling is always a risky business | John Sauven

As BP pushes ahead with plans to drill in the pristine Bight, the oil leak off the coast of Scotland serves as a timely reminder of the company’s track record on environmental disastersMonday’s news of an oil leak at a BP platform off the coast of Scotland could not have come at a worse time for the…

Call to halt Great Australian Bight oil drilling amid faulty equipment fears

Exclusive: MPs and activists want BP’s exploration licences to be suspended over ‘very critical safety issue’ identified by US regulatorsOil rigs poised to begin drilling in the Great Australian Bight could use faulty equipment that US regulators say is very likely to cause a “catastrophic incident”…

U.S. stock indexes slide in morning trading

U.S. stocks fell broadly in early trading Friday, pulled down by sharp declines in utilities and consumer-focused companies. Energy stocks also fell as the price of crude oil turned lower following a rally the day before. News that North Korea had conducted a nuclear test also weighed on the mar…

UPDATE 2-Diamond Offshore's weak outlook contrasts demand for onshore rigs

* Shares fall as much as 7.4 pct (Adds comments from conference call, analyst comments)

Diamond Offshore Drilling Company Life and Culture

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