Seadrill Limited (SDRL) financial statements
Seadrill Limited reported revenue of $1.1B in fiscal 2025, down 8.8% a year over 6 years.
Net income was -$77M and the operating margin 4.3%, against -38.6% in 2017.
The diluted share count fell 87% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Seadrill Limited's 10-K filings with the SEC.
| Fiscal year | 2017 | 2019 | 2020 | 2021 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $1.9B | $863M | $605M | $663M | $1.2B | $1.0B | $1.1B |
| Selling, general and admin | $277M | $91M | $74M | $67M | $74M | $107M | $103M |
| Operating income | -$728M | -$296M | -$4.5B | -$156M | $329M | $412M | $47M |
| Interest expense | $285M | $407M | $398M | $109M | $59M | $61M | $61M |
| Pre-tax income | -$3.0B | -$747M | -$4.4B | -$572M | $317M | $333M | -$51M |
| Income tax | $66M | -$44M | -$1M | $0 | $17M | -$113M | $26M |
| Net income | -$3.0B | -$1.2B | -$4.7B | -$587M | $300M | $446M | -$77M |
| EPS (diluted) | -$5.89 | -$12.18 | -$46.43 | -$5.85 | $4.12 | $6.37 | — |
| Diluted shares | 505M | 100M | 100M | 100M | 74M | 71M | 65M |
| Operating margin | -38.6% | -34.3% | -740.7% | -23.5% | 28.5% | 40.8% | 4.3% |
| Net margin | -157.5% | -141.3% | -770.1% | -88.5% | 26.0% | 44.2% | -7.1% |
Balance sheet
Fiscal years, from Seadrill Limited's 10-K filings with the SEC.
| Fiscal year | 2017 | 2019 | 2020 | 2021 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $1.4B | $496M | $493M | $293M | $697M | $478M | $339M |
| Receivables | $295M | $173M | $110M | $158M | $222M | $193M | $162M |
| Total current assets | $2.3B | $1.8B | $1.1B | $2.0B | $1.2B | $928M | $758M |
| Property, plant and equipment | $13.5B | — | — | — | — | — | — |
| Total assets | $18.0B | $9.3B | $4.0B | $3.9B | $4.2B | $4.2B | $3.9B |
| Total current liabilities | $859M | $770M | $6.6B | $1.3B | $389M | $501M | $374M |
| Long-term debt | $485M | $6.3B | $0 | $0 | $608M | $610M | $613M |
| Total liabilities | $11.0B | $7.6B | $7.1B | $7.6B | $1.2B | $1.2B | $1.1B |
| Shareholders' equity | $6.6B | $1.6B | -$3.1B | -$3.7B | $3.0B | $2.9B | $2.9B |
| Net debt | -$259M | $6.1B | $5.1B | -$293M | -$89M | $132M | $274M |
Cash flow
Fiscal years, from Seadrill Limited's 10-K filings with the SEC.
| Fiscal year | 2017 | 2019 | 2020 | 2021 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | $399M | -$256M | -$420M | -$154M | $287M | $88M | -$28M |
| Capital spending | $150M | $153M | $137M | $84M | — | — | — |
| Free cash flow | $249M | -$409M | -$557M | -$238M | — | — | — |
| Stock-based compensation | $7M | $5M | $8M | $0 | $8M | $17M | $20M |
| Share buybacks (net) | — | — | — | $0 | -$263M | -$532M | $0 |
| Net borrowing | — | — | $0 | $0 | $576M | $0 | $0 |
| Free cash flow margin | 13.2% | -47.4% | -92.1% | -35.9% | — | — | — |
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What was Seadrill Limited's revenue in 2025?
$1.1B in fiscal 2025, from its 10-K filing.
From Seadrill Limited's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.