Seadrill Limited

SDRL

Financial Statements

Income Statement (Annual)

Amounts in millions

2024

12/31/2024

Revenue

1,385

Cost of Revenue

1,092

Gross Profit

293

Gross Margin

21.2%

Operating Income

412

Operating Margin

29.7%

Net Income

446

Net Margin

32.2%

EPS (Basic)

$6.56

EPS (Diluted)

$6.37

EBITDA

562

EBITDA Margin

40.6%

2023

12/31/2023

Revenue

1,470

Cost of Revenue

905

Gross Profit

565

Gross Margin

38.4%

Operating Income

329

Operating Margin

22.4%

Net Income

300

Net Margin

20.4%

EPS (Basic)

$4.23

EPS (Diluted)

$4.05

EBITDA

494

EBITDA Margin

33.6%

2022

12/31/2022

Revenue

936

Cost of Revenue

655

Gross Profit

281

Gross Margin

30.0%

Operating Income

Operating Margin

7.7%

Net Income

3,907

Net Margin

417.4%

EPS (Basic)

$73.32

EPS (Diluted)

$73.32

EBITDA

224

EBITDA Margin

23.9%

2021

12/31/2021

Revenue

907

Cost of Revenue

945

Gross Profit

-38

Gross Margin

-4.2%

Operating Income

-156

Operating Margin

-17.2%

Net Income

-587

Net Margin

-64.7%

EPS (Basic)

$-5.85

EPS (Diluted)

$-5.85

EBITDA

-336

EBITDA Margin

-37.0%

2020

12/31/2020

Revenue

961

Cost of Revenue

1,284

Gross Profit

-323

Gross Margin

-33.6%

Operating Income

-4,481

Operating Margin

-466.3%

Net Income

-4,659

Net Margin

-484.8%

EPS (Basic)

$-46.59

EPS (Diluted)

$-46.59

EBITDA

-3,714

EBITDA Margin

-386.5%

Income Statement (Annual)

Financial performance (amounts in millions)

Item	2024	2023	2022	2021	2020
Revenue	1,385	1,470	936	907	961
Cost of Revenue	1,092	905	655	945	1,284
Gross Profit	293	565	281	-38	-323
Gross Margin	21.2%	38.4%	30.0%	-4.2%	-33.6%
Operating Income	412	329	72	-156	-4,481
Operating Margin	29.7%	22.4%	7.7%	-17.2%	-466.3%
Net Income	446	300	3,907	-587	-4,659
Net Margin	32.2%	20.4%	417.4%	-64.7%	-484.8%
EPS (Basic)	$6.56	$4.23	$73.32	$-5.85	$-46.59
EPS (Diluted)	$6.37	$4.05	$73.32	$-5.85	$-46.59
EBITDA	562	494	224	-336	-3,714
EBITDA Margin	40.6%	33.6%	23.9%	-37.0%	-386.5%