Rowan Companies

Rowan Companies is a major provider of global offshore drilling services. Our mission is focused on being the most efficient and capable provider of demanding contract drilling services. We are a market leader with one of the youngest fleets in our industry, including four ultra-deepwater drillships, three of which are currently under construction, and 30 jack-up rigs, 19 of which are rated high-specification. Rowan was founded in 1923 on the principle that people are more important than machines and tools. Today, we back our state-of-the-art equipment with an experienced leadership team and one of the most skilled and loyal workforces in the industry. Our dedicated employees are the power behind the Rowan legacy of operational excellence.

Type
Public
HQ
Houston, US
Size (employees)
2,917 (est)-16%
Website
rowan.com
Rowan Companies is headquartered in Houston, US

Rowan Companies Office Locations

Rowan Companies has offices in Houston and Aberdeen
Houston, US (HQ)
5450 Williams Tower 2800 Post Oak Blvd

Rowan Companies Data and Metrics

Rowan Companies Financial Metrics

Rowan Companies's revenue was reported to be $374.3 m in Q1, 2017
USD

Revenue (Q1, 2017)

374.3 m

Net income (Q1, 2017)

10.3 m

EBIT (Q1, 2017)

77.8 m

Market capitalization (21-Jul-2017)

1.6 b

Cash (31-Mar-2017)

1.2 b
Rowan Companies's current market capitalization is $1.6 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

1.6 b1.8 b2.1 b1.8 b

Revenue growth, %

16%17%(14%)

General and administrative expense

102.1 m

Operating expense total

1.8 b1.3 b

EBIT

331.7 m(166.7 m)307.1 m518.4 m

EBIT margin, %

21%(9%)14%28%

Interest income

1.1 m3.8 m

Pre tax profit

325.6 m

Income tax expense

64.4 m5 m

Net Income

252.6 m(114.9 m)93.3 m320.6 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

422.9 m467.7 m547 m508.7 m545.4 m500.2 m611.9 m379.4 m374.3 m

General and administrative expense

29.1 m33 m27.6 m31.2 m29.7 m26.9 m26.1 m23.5 m24 m

Operating expense total

29.1 m33 m27.6 m31.2 m29.7 m26.9 m26.1 m23.5 m24 m

EBIT

62.3 m106.2 m174.5 m122.9 m(170.6 m)167.4 m276.2 m33.6 m77.8 m

EBIT margin, %

15%23%32%24%(31%)33%45%9%21%

Interest expense

(39.6 m)

Interest income

762 k372 k155 k435 k230 k444 k449 k1.2 m2 m

Pre tax profit

34.8 m81.2 m140.9 m92.4 m(213.5 m)126.9 m239.5 m(6.7 m)40 m

Income tax expense

2 m(38.4 m)17.2 m7.7 m26 m4.1 m22.8 m(12.2 m)29.7 m

Net Income

32.8 m119.6 m123.7 m84.7 m(239.4 m)122.8 m216.7 m5.5 m10.3 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

1.1 b339.2 m484.2 m1.3 b

Inventories

45.5 m29.3 m26.5 m23.5 m

Current Assets

1.5 b941.1 m921.3 m1.6 b

PP&E

6.4 b7.4 b7.4 b

Total Assets

8 b8.4 b8.3 b8.7 b

Accounts Payable

2.5 b

Total Debt

126.8 m

Current Liabilities

354.6 m333.2 m328.7 m483.8 m

Additional Paid-in Capital

1.4 b1.4 b1.5 b1.5 b

Retained Earnings

3.6 b3.5 b3.5 b3.8 b

Total Equity

4.9 b4.7 b4.8 b5.1 b

Debt to Equity Ratio

0 x

Debt to Assets Ratio

0 x

Financial Leverage

1.6 x1.8 x1.7 x1.7 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

1.2 b707.7 m56.8 m198.6 m290.5 m595.2 m761.4 m1 b1.2 b

Current Assets

1.7 b1.3 b612 m763.9 m836.3 m1 b1.3 b1.5 b1.5 b

PP&E

7 b7.5 b7.9 b7.9 b7.5 b7.3 b

Total Assets

8.8 b8.8 b8.5 b8.7 b8.3 b8.4 b8.6 b8.7 b8.6 b

Current Liabilities

294.4 m262.1 m318.2 m384.4 m318.7 m299.3 m308.1 m677.8 m339.6 m

Additional Paid-in Capital

1.4 b1.4 b1.4 b1.4 b1.5 b1.5 b1.5 b1.5 b1.5 b

Retained Earnings

3.7 b3.8 b3.6 b3.7 b3.4 b3.6 b3.8 b3.9 b4 b

Total Equity

5 b5.1 b4.8 b4.9 b4.6 b4.9 b5.1 b5.2 b5.3 b

Financial Leverage

1.8 x1.7 x1.8 x1.8 x1.8 x1.7 x1.7 x1.7 x1.6 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

252.6 m(114.9 m)93.3 m320.6 m

Depreciation and Amortization

271 m322.6 m392.7 m402.9 m

Inventories

16.3 m568 k9.2 m

Accounts Payable

32.4 m(20.6 m)23.2 m(4 m)

Cash From Operating Activities

623.2 m423 m997 m

Capital Expenditures

(607.3 m)(2 b)(722.9 m)(117.6 m)

Cash From Investing Activities

(562.8 m)(1.9 b)(703.5 m)(111.4 m)

Dividends Paid

(37.7 m)(50.5 m)

Cash From Financing Activities

8.4 m759.6 m(148.4 m)(17.9 m)

Free Cash Flow

1.2 b2.4 b1.7 b
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

32.8 m119.6 m123.7 m84.7 m(239.4 m)122.8 m216.7 m5.5 m10.3 m

Depreciation and Amortization

77.7 m81.5 m89.7 m95.4 m104.1 m98.9 m100.1 m102.2 m99.1 m
USDY, 2017

Revenue/Employee

128.3 k

Financial Leverage

1.6 x

Rowan Companies Market Value History

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