7Baggers

Borr Drilling Limited
(NYSE:BORR) 

BORR stock logo

Borr Drilling Limited operates as an offshore drilling contractor to the oil and gas industry worldwide. It owns, contracts, and operates jack-up rigs for operations in shallow-water areas, including the provision of related equipment and work crews to conduct oil and gas drilling and workover opera...

Founded: 2016
IPO Price: $9.3 (Jul 31, 2019)
Full Time Employees: 694
CEO: Svend Anton Maier  
Sector: Energy
Industry: Oil & Gas Drilling
EnergyDrilling Services
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At a glance:
Bull Thesis:
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Moat:
Income Statements:
Quarterly
Annual
    Unit: USD2025-11-05 2025-08-13 2025-06-30 2025-05-21 2025-03-31 2025-02-19 2024-12-31 2024-11-06 2024-09-30 2024-08-14 2024-06-30 2024-05-23 2024-03-31 2024-02-22 2023-12-31 2023-11-16 2023-08-17 2023-06-30 2023-05-23 2023-03-31 2022-12-31 2022-09-30 2022-08-09 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-11-30 2020-08-28 2020-05-20 2020-02-28 2019-11-26 2019-09-03 
                                       
      operating revenues
    		                                 100.6 86.6 
      dayrate revenue
    		241,000,000 238,500,000 238,500,000 202,200,000 202,200,000 224,800,000 224,800,000 202,100,000 202,100,000 223,000,000 223,000,000 198,300,000 198,300,000 184,800,000 184,800,000 160,400,000 155,100,000 155,100,000 141,700,000 141,700,000 117,200,000 90,500,000 87,700,000 87,700,000 63,300,000  57,600,000 49,400,000 47,400,000       
      bareboat charter revenue
    		26,700,000 20,300,000 20,300,000 7,600,000 7,600,000 25,500,000 25,500,000 27,400,000 27,400,000 26,600,000 26,600,000 11,300,000 11,300,000                       
      management contract revenue
    		9,400,000 8,900,000 8,900,000 6,800,000 6,800,000 12,800,000 12,800,000 12,100,000 12,100,000 11,700,000 11,700,000                         
      related party revenue
    		         10,600,000 10,600,000 24,400,000 24,400,000 35,800,000 35,800,000 31,100,000 32,400,000 32,400,000 30,300,000 30,300,000 31,400,000 17,400,000 17,600,000 17,600,000 18,700,000  15,400,000 5,400,000 1,000,000     2.1  
      total operating revenues
    		277,100,000 267,700,000 267,700,000 216,600,000 216,600,000 263,100,000 263,100,000 241,600,000 241,600,000 271,900,000 271,900,000 234,000,000 234,000,000 220,600,000 220,600,000 191,500,000 187,500,000 187,500,000 172,000,000 172,000,000 148,600,000 107,900,000 105,300,000 105,300,000 82,000,000 69,100,000 73,000,000 54,800,000 48,400,000 59.2 84 104,100,000 92.9   
      gain on disposals
    		-200,000   400,000 400,000 -200,000 -200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 100,000 200,000 200,000 100,000 100,000      500,000     12.8 300,000   3.9 
      operating expenses
    		                                   
      rig operating and maintenance expenses
    		-128,500,000 -122,200,000 -122,200,000 -109,800,000 -109,800,000 -114,000,000 -114,000,000 -114,300,000 -114,300,000 -124,100,000 -124,100,000 -104,000,000 -104,000,000 -98,500,000 -98,500,000 -85,800,000 -89,500,000 -89,500,000 -85,500,000 -85,500,000 -83,400,000 -60,400,000 -65,500,000 -65,500,000 -55,600,000 -38,700,000 -45,600,000 -47,400,000 -48,800,000 -63.4  -70,400,000    
      depreciation of non-current assets
    		-37,600,000 -36,700,000 -36,700,000 -35,900,000 -35,900,000 -35,700,000 -35,700,000 -31,800,000 -31,800,000 -31,900,000 -31,900,000 -31,800,000 -31,800,000 -30,800,000 -30,800,000 -30,400,000 -28,000,000 -28,000,000 -28,200,000 -28,200,000 -28,300,000 -29,200,000 -29,500,000 -29,500,000 -29,500,000 -36,400,000 -28,400,000 -26,400,000 -28,400,000 -28.9  -32,400,000    
      general and administrative expenses
    		-12,800,000 -12,300,000 -12,300,000 -11,100,000 -11,100,000 -12,200,000 -12,200,000 -12,000,000 -12,000,000 -11,600,000 -11,600,000 -13,400,000 -13,400,000 -10,800,000 -10,800,000 -11,600,000 -10,300,000 -10,300,000 -12,400,000 -12,400,000 -11,000,000 -7,000,000 -9,600,000 -9,600,000 -9,200,000 -7,500,000 -7,700,000 -7,800,000 -11,700,000 -10.7  -10,000,000    
      total operating expenses
    		-178,900,000 -171,200,000 -171,200,000 -156,800,000 -156,800,000 -161,900,000 -161,900,000 -158,100,000 -158,100,000 -167,600,000 -167,600,000 -149,200,000 -149,200,000 -140,100,000 -140,100,000 -127,800,000 -127,800,000 -127,800,000 -126,100,000 -126,100,000 -122,700,000 -103,900,000 -229,000,000 -229,000,000 -94,300,000 -82,600,000 -81,700,000 -81,600,000 -88,900,000 -103.8  -131,200,000    
      operating income
    		98,000,000 96,500,000 96,500,000 60,200,000 60,200,000 101,000,000 101,000,000 83,700,000 83,700,000 104,500,000 104,500,000 85,000,000 85,000,000 80,700,000 80,700,000 63,800,000 59,900,000 59,900,000 46,000,000  29,500,000 3,900,000 -123,000,000 -123,000,000 -12,300,000 -13,000,000 -8,700,000 -26,000,000 -40,600,000 -44.6  -26,800,000    
      yoy
    		62.79% -4.46% -4.46% -28.08% -28.08% -3.35% -3.35% -1.53% -1.53% 29.49% 29.49% 33.23% 41.90% 34.72% 75.43%  103.05% 1435.90% -137.40%  -339.84% -130.00% 1313.79% 373.08% -69.70% 29147882.06%  -2.99%        
      qoq
    		1.55% 0.00% 60.30% 0.00% -40.40% 0.00% 20.67% 0.00% -19.90% 0.00% 22.94% 0.00% 5.33% 0.00% 26.49% 6.51% 0.00% 30.22%   656.41% -103.17% 0.00% 900.00% -5.38% 49.43% -66.54% -35.96% 91031290.13%       
      income from equity method investments
    		-300,000 -200,000 -200,000 -1,800,000 -1,800,000 -2,500,000 -2,500,000 -1,600,000 -1,600,000 -2,500,000 -2,500,000 5,400,000 5,400,000 -2,500,000 -2,500,000 1,100,000 3,900,000 3,900,000 2,400,000 2,400,000 1,400,000 -200,000 -1,100,000 -1,100,000 1,100,000 3,525,000 3,800,000     -2,800,000    
      financial income (expenses)
    		                                   
      interest income
    		1,100,000 500,000 500,000 600,000 600,000 1,000,000 1,000,000 1,600,000 1,600,000 2,400,000 2,400,000 1,400,000 1,400,000 700,000 700,000 100,000 1,700,000 1,700,000 2,400,000 2,400,000 700,000 800,000 3,900,000 3,900,000        200,000    
      interest expense
    		-56,400,000 -57,200,000 -57,200,000 -58,100,000 -58,100,000 -57,200,000 -57,200,000 -53,500,000 -53,500,000 -52,000,000 -52,000,000 -49,000,000 -49,000,000 -55,300,000 -62,900,000 -39,100,000 -38,400,000 -38,400,000 -36,800,000 -36,800,000 -23,125,000 -34,800,000          -21,600,000    
      other financial expenses
    		-3,300,000   -5,200,000 -5,200,000 -6,400,000 -6,400,000 -5,000,000 -5,000,000 -5,800,000 -5,800,000 -10,200,000 -10,200,000 -4,500,000 3,100,000 -11,000,000 -12,900,000 -12,900,000 -6,100,000 -6,100,000 -11,300,000 -20,100,000 -10,300,000 -10,300,000 -8,100,000   -5,300,000 -5,700,000       
      total financial expenses
    		-58,600,000 -56,400,000 -56,400,000 -62,700,000 -62,700,000 -62,600,000 -62,600,000 -56,900,000 -56,900,000 -55,400,000 -55,400,000 -57,800,000 -57,800,000 -59,100,000 -59,100,000 -50,000,000 -49,600,000 -49,600,000 -40,500,000 -40,500,000 -49,400,000 -54,100,000 -36,900,000 -36,900,000 -35,300,000 -31,400,000 -26,600,000 -29,200,000 -27,500,000 -22  -51,200,000    
      income before income taxes
    		39,100,000 39,900,000 39,900,000 -4,300,000 -4,300,000 35,900,000 35,900,000 25,200,000 25,200,000 46,600,000 46,600,000 32,600,000 32,600,000 19,100,000 19,100,000 14,900,000 14,200,000 14,200,000 7,900,000  -18,500,000 -50,400,000 -159,000,000 -159,000,000 -46,500,000 -42,400,000 -27,900,000 -60,900,000 -52,100,000 -58.5  -80,800,000    
      income tax expense
    		-11,300,000 -4,800,000 -4,800,000 -12,600,000 -12,600,000 -9,600,000 -9,600,000 -15,500,000 -15,500,000 -14,900,000 -14,900,000 -18,200,000 -18,200,000  9,300,000 -14,600,000 -13,400,000 -13,400,000 -15,300,000 -15,300,000 -2,800,000 -4,500,000   -4,800,000 -3,700,000 -4,700,000  -2,300,000 -3.4  -6,200,000    
      net income attributable to shareholders of borr drilling limited
    		27,800,000 35,100,000 35,100,000 -16,900,000 -16,900,000 26,300,000 13,950,000 9,700,000 9,700,000 31,700,000 31,700,000 14,400,000 14,400,000 28,400,000 -1,575,000 300,000 800,000 800,000  -7,400,000     -51,300,000  -32,600,000 -59,900,000 -54,400,000   -87,000,000    
      total comprehensive income attributable to shareholders of borr drilling limited
    		27,800,000 35,100,000 35,100,000 -16,900,000 -16,900,000 26,300,000 13,950,000 9,700,000 9,700,000 31,700,000 31,700,000 14,400,000 14,400,000 28,400,000 -1,575,000 300,000 800,000 800,000                  
      basic income per share
    		0.1 0.15 0.15 -0.07 -0.07 0.11 0.11 0.04 0.04 0.13 0.13 0.06 0.06 0.11                      
      diluted income per share
    		0.1 0.14 0.14 -0.07 -0.07 0.1 0.1 0.04 0.04 0.12 0.12 0.06 0.06 0.11                      
      weighted-average shares outstanding - basic
    		275,460,333 238,907,129 238,907,129 243,386,188 243,386,188 248,704,901  250,974,773 250,974,773 251,189,331 251,189,331 252,718,525 252,718,525 251,567,518  245,754,679 244,777,228 244,777,228                  
      weighted-average shares outstanding - diluted
    		311,607,780 273,877,730 273,877,730 243,386,188 243,386,188 285,325,451  254,890,897 254,890,897 288,436,630 288,436,630 256,565,237 256,565,237 289,516,383  250,171,209 248,919,706 248,919,706                  
      other financial income (expenses)
    		 300,000 300,000                             -29,800,000    
      impairment of non-current assets
    		                     -7,300,000 -124,400,000 -124,400,000      -0.8  -18,400,000    
      other non-operating income
    		                      2,000,000 2,000,000   3,600,000         
      income tax credit /
    		             9,300,000                      
      basic loss per shares
    		              -0.008                     
      diluted loss per share
    		              -0.008                 -0.79    
      basic and diluted income per share
    		                                   
      net loss attributable to shareholders of borr drilling limited
    		                  -7,400,000  -21,300,000 -54,900,000 -165,300,000 -165,300,000            
      total comprehensive loss attributable to shareholders of borr drilling limited
    		                  -7,400,000 -7,400,000 -67,875,000 -54,900,000 -165,300,000 -165,300,000 -51,300,000  -32,600,000 -59,900,000 -54,400,000       
      basic and diluted loss per share
    		                  -0.03 -0.03 0.04 -0.3 -1.09 -1.09 -0.35  -0.12 -0.22 -0.21       
      weighted-average shares outstanding
    		                  234,781,420 234,781,420 178,404,637 185,622,430 152,284,619 152,284,619  134,726,336      110,818,351    
      operating income /
    		                   46,000,000                
      income / (loss) before income taxes
    		                   7,900,000                
      gain on disposal
    		                    150,000 -100,000 700,000 700,000    800,000        
      interest expense, net of amounts capitalized
    		                      -30,500,000 -30,500,000 -27,200,000  -22,900,000 -23,900,000 -21,800,000       
      income tax (expense) / credit
    		                      -6,300,000 -6,300,000            
      loss on disposal
    		                                   
      weighted-averages shares outstanding
    		                        145,783,175  273,623,685 274,436,351 256,820,825       
      other financial (expenses)/income
    		                          -3,700,000         
      (loss) / income from equity method investments
    		                           -5,700,000        
      income tax credit/
    		                           1,000,000        
      (loss) / gain on disposal
    		                            -100,000       
      income/(loss) from equity method investments
    		                            16,000,000 8.1 11.3     
      net income
    		                         -46,100,000    -61.9  -87,000,000    
      yoy
    		                         74474859.61%          
      qoq
    		                                   
      dayrate revenues
    		                               93,300,000    
      related party revenues
    		                               10,800,000    
      amortisation of acquired contract backlog
    		                                   
      net income attributable to non-controlling interests
    		                                   
      basic loss per share
    		                               -0.79    
      condensed consolidated statement of comprehensive income
    		                                   
      net income after income taxes
    		                               -87    
      unrealised gain from marketable securities
    		                                   
      unrealized income from marketable securities reclassified to statement of operations
    		                                   
      other comprehensive gain
    		                                   
      total comprehensive loss
    		                               -87    
      comprehensive loss for the period attributable to
    		                                   
      shareholders of borr drilling limited
    		                               -87    
      non-controlling interests
    		                                   
      gain/(loss) on disposals
    		                                2.6   
      amortisation of contract backlog
    		                                   
      total financial income
    		                                   
      income from equity associate
    		                                   
    Balance Sheets:
    Quarterly
    Annual
      Unit: USD2025-11-05 2025-08-13 2025-06-30 2025-05-21 2025-03-31 2025-02-19 2024-12-31 2024-11-06 2024-09-30 2024-08-14 2024-06-30 2024-05-23 2024-03-31 2024-02-22 2023-12-31 2023-11-16 2023-08-17 2023-06-30 2023-05-23 2022-12-31 2022-09-30 2022-08-09 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-03-31 
                                   
        assets
      		                             
        current assets
      		                             
        cash and cash equivalents
      		227,800,000 92,400,000 92,400,000 170,000,000 170,000,000 61,600,000 61,600,000 185,700,000 185,700,000 193,500,000 193,500,000 282,700,000 282,700,000 102,500,000 102,500,000 94,400,000 83,800,000 83,800,000 90,300,000 108,000,000 279,000,000 29,700,000 29,700,000 50,100,000 34,900,000 68,900,000  49,000,000 13,200,000 
        restricted cash
      		1,000,000 1,000,000 1,000,000 1,200,000 1,200,000 900,000 900,000 900,000 900,000 1,000,000 1,000,000 300,000 300,000 100,000 100,000 100,000   160,400,000 2,500,000 300,000 1,400,000 1,400,000 1,500,000 3,300,000    93,800,000 
        trade receivables
      		224,000,000 149,200,000 149,200,000 143,800,000 143,800,000 184,300,000 184,300,000 152,400,000 152,400,000 99,100,000 99,100,000 61,300,000 61,300,000 56,200,000 56,200,000 58,600,000 53,900,000 53,900,000 52,800,000 43,000,000 38,000,000 33,400,000 33,400,000 28,100,000 28,500,000 32,100,000  24,000,000 45,700,000 
        prepaid expenses
      		12,800,000 17,200,000 17,200,000 18,300,000 18,300,000 8,400,000 8,400,000 7,200,000 7,200,000 12,800,000 12,800,000 15,500,000 15,500,000 11,000,000 11,000,000 14,300,000 9,200,000 9,200,000 10,000,000 9,600,000 19,900,000 11,200,000 11,200,000 12,500,000 6,600,000 5,700,000  7,700,000 9,000,000 
        deferred mobilization and contract preparation costs
      		31,200,000 33,700,000 33,700,000 39,100,000 39,100,000 40,600,000  33,600,000 33,600,000 31,800,000 31,800,000 38,900,000 38,900,000 39,400,000  36,900,000 25,700,000 25,700,000 30,900,000  35,900,000 20,400,000 20,400,000 22,600,000  1,700,000  4,400,000  
        accrued revenue
      		125,800,000 137,600,000 137,600,000 111,300,000 111,300,000 107,700,000 107,700,000 94,700,000 94,700,000 103,800,000 103,800,000 108,600,000 108,600,000 73,700,000 73,700,000 54,200,000 54,700,000 54,700,000 52,800,000 57,400,000 30,900,000 47,800,000 47,800,000 26,800,000 20,200,000 15,700,000  15,800,000 32,700,000 
        due from related parties
      		10,200,000 6,400,000 6,400,000 7,300,000 7,300,000 85,100,000 85,100,000 78,300,000 78,300,000 79,400,000 79,400,000 98,200,000 98,200,000 95,000,000 95,000,000 90,300,000 81,800,000 81,800,000 72,200,000 65,600,000 76,900,000 67,100,000 67,100,000 59,700,000 48,600,000 41,100,000  30,300,000 17,800,000 
        other current assets
      		32,600,000 30,800,000 30,800,000 25,900,000 25,900,000 28,000,000 28,000,000 29,800,000 29,800,000 24,800,000 24,800,000 28,500,000 28,500,000 32,000,000 32,000,000 28,400,000 32,800,000 32,800,000 29,500,000 25,400,000 24,200,000 21,400,000 21,400,000 17,900,000 15,000,000 15,000,000  12,800,000 21,700,000 
        total current assets
      		665,400,000 468,300,000 468,300,000 516,900,000 516,900,000 516,600,000 516,600,000 582,600,000 582,600,000 546,200,000 546,200,000 634,000,000 634,000,000 409,900,000 409,900,000 377,200,000 341,900,000 341,900,000 498,900,000 349,900,000 632,400,000 232,400,000 232,400,000 219,200,000 176,200,000 182,100,000 149,500,000 154,500,000 276,300,000 
        non-current assets
      		                             
        property, plant and equipment
      		2,000,000 2,300,000 2,300,000 2,600,000 2,600,000 2,800,000 2,800,000 3,000,000 3,000,000 3,300,000 3,300,000 3,400,000 3,400,000 3,500,000 3,500,000 3,600,000 4,000,000 4,000,000 3,700,000 3,900,000 3,500,000 3,300,000 3,300,000 3,300,000 3,700,000 4,200,000  5,200,000 6,700,000 
        jack-up drilling rigs
      		2,770,300,000 2,792,400,000 2,792,400,000 2,806,500,000 2,806,500,000 2,823,200,000 2,823,200,000 2,526,200,000 2,526,200,000 2,538,500,000 2,538,500,000 2,556,900,000 2,556,900,000 2,578,300,000 2,578,300,000 2,590,100,000 2,598,900,000 2,598,900,000 2,595,700,000 2,589,100,000     2,730,800,000     
        equity method investments
      		12,200,000 12,500,000 12,500,000 12,700,000 12,700,000 14,500,000 14,500,000 17,000,000 17,000,000 18,600,000 18,600,000 21,100,000 21,100,000 15,700,000 15,700,000 18,200,000 17,100,000 17,100,000 23,000,000 20,600,000 19,200,000 19,400,000 19,400,000 20,500,000 19,400,000 23,700,000  75,600,000 39,900,000 
        other non-current assets
      		72,100,000 76,200,000 76,200,000 63,500,000 63,500,000 62,500,000 62,500,000 45,300,000 45,300,000 51,600,000 51,600,000 60,800,000 60,800,000 67,300,000 67,300,000 51,700,000 30,700,000 30,700,000 29,400,000 26,700,000 18,500,000 12,700,000 12,700,000 11,800,000 6,900,000 4,600,000  2,400,000  
        total non-current assets
      		2,856,600,000 2,883,400,000 2,883,400,000 2,885,300,000 2,885,300,000 2,903,000,000 2,903,000,000 2,760,700,000 2,760,700,000 2,635,400,000 2,635,400,000 2,655,100,000 2,655,100,000 2,670,200,000 2,670,200,000 2,667,100,000 2,654,200,000 2,654,200,000 2,663,300,000 2,651,800,000 2,646,600,000 2,758,100,000 2,758,100,000 2,894,000,000 2,904,100,000 2,926,200,000 3,600,000 3,018,200,000 3,052,800,000 
        total assets
      		3,522,000,000 3,351,700,000 3,351,700,000 3,402,200,000 3,402,200,000 3,419,600,000 3,419,600,000 3,343,300,000 3,343,300,000 3,181,600,000 3,181,600,000 3,289,100,000 3,289,100,000 3,080,100,000 3,080,100,000 3,044,300,000 2,996,100,000 2,996,100,000 3,162,200,000 3,001,700,000 3,279,000,000 2,990,500,000 2,990,500,000 3,113,200,000 3,080,300,000 3,108,300,000 153,100,000 3,172,700,000 33,291,000,000 
        liabilities and equity
      		                             
        current liabilities
      		                             
        trade accounts payables
      		58,400,000 63,800,000 63,800,000 60,800,000 60,800,000                        29,400,000 
        accrued expenses
      		71,700,000 65,000,000 65,000,000 59,600,000 59,600,000 68,000,000 68,000,000 75,300,000 75,300,000 69,700,000 69,700,000 66,800,000 66,800,000 77,000,000 77,000,000 71,600,000 90,600,000 90,600,000 84,700,000 80,800,000 72,100,000 155,800,000 155,800,000 129,100,000 60,900,000 67,500,000  52,900,000 59,900,000 
        short-term accrued interest and other items
      		75,800,000 29,700,000 29,700,000 78,400,000 78,400,000 30,600,000 30,600,000 80,700,000 80,700,000 37,200,000 37,200,000 84,300,000 84,300,000 42,300,000 42,300,000 92,100,000 76,300,000 76,300,000 90,100,000 77,700,000 161,700,000         
        short-term debt
      		118,100,000 118,100,000 118,100,000 118,100,000 118,100,000 118,100,000 118,100,000 109,400,000 109,400,000 97,800,000 97,800,000 97,800,000 97,800,000 82,900,000 82,900,000 116,300,000 97,900,000 97,900,000 252,500,000 445,900,000 1,649,600,000 1,642,700,000 1,642,700,000 496,100,000      
        short-term deferred mobilization, demobilization and other revenue
      		34,200,000 42,800,000 42,800,000 43,400,000 43,400,000 27,100,000 27,100,000 29,600,000 29,600,000 33,400,000 33,400,000 56,100,000 56,100,000 59,500,000 59,500,000 54,800,000 52,400,000 52,400,000 54,300,000 57,300,000          
        other current liabilities
      		51,000,000 47,700,000 47,700,000 52,100,000 52,100,000 84,200,000 84,200,000 59,000,000 59,000,000 52,600,000 52,600,000 52,200,000 52,200,000 63,200,000 63,200,000 43,700,000 43,500,000 43,500,000 34,300,000 36,200,000 49,800,000 40,500,000 40,500,000 26,200,000 22,300,000 16,600,000  24,300,000 34,500,000 
        total current liabilities
      		409,200,000 367,100,000 367,100,000 412,400,000 412,400,000 409,600,000 409,600,000 413,000,000 413,000,000 349,000,000 349,000,000 396,200,000 396,200,000 360,400,000 360,400,000 455,800,000 398,500,000 398,500,000 550,100,000 745,600,000 2,003,200,000 1,884,300,000 1,884,300,000 703,100,000 117,900,000 98,800,000 137,100,000 89,700,000 231,900,000 
        non-current liabilities
      		                             
        long-term debt
      		1,937,600,000 1,933,400,000 1,933,400,000 1,996,600,000 1,996,600,000 1,992,500,000 1,992,500,000 1,889,100,000 1,889,100,000 1,745,800,000 1,745,800,000 1,799,000,000 1,799,000,000 1,618,800,000 1,618,800,000 1,515,700,000 1,541,700,000 1,541,700,000 1,547,400,000 1,191,100,000 283,500,000 281,800,000 281,800,000 1,424,200,000 1,915,900,000 1,912,800,000  1,908,300,000 1,808,800,000 
        long-term deferred mobilization, demobilization and other revenue
      		33,500,000 37,400,000 37,400,000 15,500,000 15,500,000 21,000,000 21,000,000 20,800,000 20,800,000 27,900,000 27,900,000 44,300,000 44,300,000  56,600,000  54,700,000   68,700,000          
        other non-current liabilities
      		1,600,000 1,200,000 1,200,000 2,800,000 2,800,000 3,200,000 3,200,000 4,600,000 4,600,000 5,200,000 5,200,000 5,500,000 5,500,000 5,800,000 5,800,000 16,200,000 16,900,000 16,900,000 16,100,000 14,300,000 20,300,000 18,700,000 18,700,000 15,600,000 15,200,000     
        total non-current liabilities
      		1,972,700,000 1,972,000,000 1,972,000,000 2,014,900,000 2,014,900,000 2,016,700,000 2,016,700,000 1,942,100,000 1,942,100,000 1,833,400,000 1,833,400,000 1,903,300,000 1,903,300,000 1,735,700,000 1,735,700,000 1,670,400,000 1,691,400,000 1,691,400,000 1,708,000,000 1,358,300,000 358,300,000 394,700,000 394,700,000 1,537,100,000 2,072,500,000 2,073,700,000  2,055,100,000 1,890,900,000 
        total liabilities
      		2,381,900,000 2,339,100,000 2,339,100,000 2,427,300,000 2,427,300,000 2,426,300,000 2,426,300,000 2,355,100,000 2,355,100,000 2,182,400,000 2,182,400,000 2,299,500,000 2,299,500,000 2,096,100,000 2,096,100,000 2,126,200,000 2,089,900,000 2,089,900,000 2,258,100,000 2,103,900,000 2,361,500,000 2,279,000,000 2,279,000,000 2,240,200,000 2,190,400,000 2,172,500,000  2,144,800,000 2,122,800,000 
        shareholders’ equity
      		                             
        common shares of par value 0.10 per share: authorized 365,000,000 (2024:315,000,000) shares, issued 294,400,000 (2024: 264,080,391) shares and outstanding 285,872,798 (2024: 244,926,821) shares
      		29,500,000                             
        treasury shares
      		-19,500,000 -20,000,000 -20,000,000 -19,700,000 -19,700,000 -20,900,000 -20,900,000 -9,000,000 -9,000,000 -9,100,000 -9,100,000 -8,800,000 -8,800,000 -8,900,000 -8,900,000 -10,900,000 -10,700,000 -10,700,000 -10,800,000 -9,800,000 -13,700,000 -13,700,000 -13,700,000 -13,700,000 -13,700,000 -13,700,000  -15,800,000 -26,200,000 
        additional paid in capital
      		441,900,000 347,700,000 347,700,000 344,800,000 344,800,000 340,800,000 340,800,000 345,400,000 345,400,000 342,300,000 342,300,000 340,200,000 340,200,000  337,200,000 2,290,600,000 2,279,000,000 2,279,000,000 2,277,800,000 2,265,600,000 2,267,900,000 2,014,600,000 2,014,600,000 2,010,900,000 1,978,000,000 1,977,800,000  1,979,500,000 1,891,800,000 
        contributed surplus
      		1,919,000,000 1,919,000,000 1,919,000,000 1,919,000,000 1,919,000,000 1,923,700,000 1,923,700,000 1,928,400,000 1,928,400,000 1,952,300,000 1,952,300,000 1,976,200,000 1,976,200,000  1,988,100,000               
        accumulated deficit
      		-1,230,800,000 -1,258,600,000 -1,258,600,000 -1,293,700,000 -1,293,700,000 -1,276,800,000 -1,276,800,000 -1,303,100,000 -1,303,100,000 -1,312,800,000 -1,312,800,000 -1,344,500,000 -1,344,500,000 -1,358,900,000 -1,358,900,000 -1,387,300,000 -1,387,600,000 -1,387,600,000 -1,388,400,000 -1,381,000,000 -1,359,700,000 -1,304,800,000 -1,304,800,000 -1,139,500,000 -1,088,200,000 -1,042,100,000  -949,600,000 -664,900,000 
        total equity
      		1,140,100,000 1,012,600,000 1,012,600,000 974,900,000 974,900,000 993,300,000 993,300,000 988,200,000 988,200,000 999,200,000 999,200,000 989,600,000 989,600,000 984,000,000 984,000,000 918,100,000 906,200,000 906,200,000 904,100,000 897,800,000 917,500,000 711,500,000 711,500,000 873,000,000 889,900,000 935,800,000  1,027,900,000 1,206,300,000 
        total liabilities and equity
      		3,522,000,000 3,351,700,000 3,351,700,000 3,402,200,000 3,402,200,000 3,419,600,000 3,419,600,000 3,343,300,000 3,343,300,000 3,181,600,000 3,181,600,000 3,289,100,000 3,289,100,000 3,080,100,000 3,080,100,000 3,044,300,000 2,996,100,000 2,996,100,000 3,162,200,000 3,001,700,000 3,279,000,000 2,990,500,000 2,990,500,000 3,113,200,000 3,080,300,000 3,108,300,000 153,100,000 3,172,700,000 3,329,100,000 
        common shares of par value 0.10 per share: authorized 315,000,000 (2024:315,000,000) shares, issued 244,400,000 (2024: 264,080,391) shares and outstanding 236,224,866 (2024: 244,926,821) shares
      		 24,500,000 24,500,000                           
        common shares of par value 0.10 per share: authorized 315,000,000 (2024:315,000,000) shares, issued 244,400,000 (2024: 264,080,391) shares and outstanding 239,308,556 (2024: 244,926,821) shares
      		   24,500,000 24,500,000                         
        newbuildings
      		       169,200,000 169,200,000 23,400,000 23,400,000 12,900,000 12,900,000 5,400,000 5,400,000 3,500,000 3,500,000 3,500,000 3,500,000 3,500,000 3,500,000 11,100,000 11,100,000 135,500,000 135,500,000 135,500,000  135,500,000 201,400,000 
        trade payables
      		     81,600,000 81,600,000 59,000,000 59,000,000 58,300,000 58,300,000 39,000,000 39,000,000 35,500,000 35,500,000 77,300,000 37,800,000 37,800,000 34,200,000 47,700,000 53,200,000 45,300,000 45,300,000 51,700,000 34,700,000 14,700,000  12,500,000  
        onerous contracts
      		       27,600,000 27,600,000 54,500,000 54,500,000 54,500,000 54,500,000 54,500,000 54,500,000 54,500,000 54,500,000 54,500,000 54,500,000 54,500,000 54,500,000 71,300,000 71,300,000 71,300,000 71,300,000 71,300,000  71,300,000 16,800,000 
        common shares of par value 0.10 per share: authorized 315,000,000 (2023:315,000,000) shares, issued 264,080,391 (2023: 264,080,391) shares and outstanding 244,926,821 (2023: 252,582,036) shares
      		     26,500,000                        
        deferred mobilization and contract preparation cost
      		      40,600,000        39,400,000     38,400,000     17,200,000    22,300,000 
        commitments and contingencies
      		                             
        stockholders’ equity
      		                             
        share capital - common shares of par value 0.10 per share: authorized 315,000,000 (2023: 315,000,000), issued 264,080,391 (2023: 264,080,391) and outstanding 244,926,821 (2023: 252,582,036) shares
      		      26,500,000                       
        common shares of par value 0.10 per share: authorized 315,000,000 (2023:315,000,000) shares, issued 264,080,391 (2023: 264,080,391) shares and outstanding 251,175,371 (2023: 252,582,036) shares
      		       26,500,000 26,500,000                     
        common shares of par value 0.10 per share: authorized 315,000,000 (2023:315,000,000) shares, issued 264,080,391 (2023: 264,080,391) shares and outstanding 250,632,002 (2023: 252,582,036) shares
      		         26,500,000 26,500,000                   
        common shares of par value 0.10 per share: authorized 315,000,000 (2023:315,000,000) shares, issued 264,080,391 (2023: 264,080,391) shares and outstanding 252,996,439 (2023: 252,582,036) shares
      		           26,500,000 26,500,000                 
        non-current restricted cash
      		                  8,000,000 8,000,000 6,700,000 6,700,000 6,700,000 6,700,000 7,800,000     
        long-term accrued interest and other items
      		               15,800,000 23,600,000 23,600,000 31,800,000 29,700,000  22,900,000 22,900,000 26,000,000 70,100,000 74,300,000    
        long -term deferred mobilization, demobilization and other revenue
      		             56,600,000  68,200,000  54,700,000 58,200,000           
        common shares of par value 0.10 per share: authorized 315,000,000 (2022:255,000,000) shares, issued 264,080,391 (2022: 229,263,598) shares and outstanding 252,582,036 (2022: 228,948,087) shares
      		             26,500,000                
        additional paid in capital and contributed surplus
      		             2,325,300,000                
        share capital - common shares of par value 0.10 per share: authorized 315,000,000 (2022: 255,000,000), issued 264,080,391 (2022: 229,263,598) and outstanding 252,582,036 (2022: 228,948,087) shares
      		              26,500,000               
        common shares of par value 0.10 per share: authorized 315,000,000 (2022:255,000,000) shares, issued 256,557,553 (2022: 229,263,598) shares and outstanding 245,913,471 (2022: 228,948,087) shares
      		               25,700,000              
        common shares of par value 0.10 per share: authorized 315,000,000 (2022:255,000,000) shares, issued 254,263,598 (2022: 229,263,598) shares and outstanding 245,102,732 (2022: 228,948,087) shares
      		                25,500,000 25,500,000            
        common shares of par value 0.10 per share: authorized 315,000,000 (2022:255,000,000) shares, issued 254,263,598 (2022: 229,263,598) shares and outstanding 243,948,087 (2022: 228,948,087) shares
      		                  25,500,000           
        share capital - common shares of par value 0.10 per share: authorized 255,000,000 (2021: 180,000,000), issued 229,263,598 (2021: 137,218,175) and outstanding 228,948,087 (2021: 136,811,842) shares
      		                   23,000,000          
        assets held for sale
      		                    127,300,000         
        jack-up rigs
      		                    2,595,200,000 2,704,900,000 2,704,900,000 2,716,200,000  2,758,200,000  2,799,500,000 2,793,100,000 
        onerous contracts held for sale
      		                    16,800,000         
        common shares of par value 0.10 per share: authorized 255,000,000 (2021:180,000,000) shares, issued 229,264,579 (2021: 137,218,175) shares and outstanding 228,858,246 (2021: 136,811,842) shares
      		                    23,000,000         
        common shares of par value 0.10 per share: authorized 180,000,000 (2021:180,000,000) shares, issued 152,901,508 (2021: 137,218,175) shares and outstanding 152,495,175 (2021: 136,811,842) shares
      		                     15,400,000 15,400,000       
        common shares of par value 0.10 per share: authorized 180,000,000 (2021:180,000,000) shares, issued 152,058,498 (2021: 137,218,175) shares and outstanding 151,652,165 (2021: 136,811,842) shares
      		                       15,300,000      
        jack-up drilling rigs held for sale
      		                            8,500,000 
        tax retentions receivable
      		                        1,900,000 1,900,000  10,500,000 11,600,000 
        common shares of par value 0.10 per share: authorized 180,000,000 (2020: 119,326,923) shares, issued 137,218,175 (2020: 110,159,352) shares and outstanding 136,811,842 (2020: 109,429,494) shares
      		                        13,800,000     
        other liabilities
      		                         15,300,000  18,300,000 21,400,000 
        common shares of par value 0.05 per share: authorized 360,000,000 (2020:238,653,846) shares, issued 274,436,351 (2020: 220,318,704) shares and outstanding 273,623,685 (2020: 218,858,990) shares
      		                         13,800,000    
        in millions
      		                             
        cash
      		                          22,000,000   
        total non current liabilities
      		                          1,600,000   
        equity
      		                          14,400,000   
        balance as at january 1, 2021
      		                          48,000,000   
        funding provided by / (received from) shareholder loan
      		                          -2,500,000   
        income / (loss) on a percentage basis
      		                          500,000   
        balance as at june 30, 2021
      		                          46,000,000   
        long-term accrued interest
      		                           57,200,000  
        common shares of par value 0.05 per share: authorized 290,000,000 (2020: 238,653,846) shares, issued 274,436,351 (2020: 220,318,704) shares and outstanding 273,526,900 (2020: 218,858,990) shares
      		                           13,800,000  
        other long-term assets
      		                            11,200,000 
        amounts due to related parties
      		                            200,000 
        unrealized loss on forward contracts
      		                            91,100,000 
        liabilities from equity method investments
      		                            6,200,000 
        common shares of par value 0.05 per share: authorized 137,500,000 (2019: 137,500,000) shares, issued 112,278,065 (2019: 112,278,065) shares and outstanding 110,818,351 (2019: 110,818,351) shares at march 31, 2020
      		                            5,600,000 
        equity attributable to the company
      		                            1,206,300,000 
        non-controlling interest
      		                             
      Cashflow Statements:
      Quarterly
      Annual
        Unit: USD2025-11-05 2025-06-30 2025-05-21 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-05-23 2024-03-31 2023-12-31 2023-11-16 2023-06-30 2023-05-23 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-09-30 2021-06-30 2021-03-31 
                             
          cash flows from operating activities
        		                     
          net income
        		-7,300,000 52,000,000 -16,900,000 -16,900,000  -22,000,000 17,300,000 14,400,000 14,400,000 21,800,000 -500,000   -7,400,000    -51,300,000 -32,600,000 -59,900,000 -54,400,000 
          adjustments to reconcile net income to net cash from operating activities:
        		                     
          non-cash compensation expense related to share based employee and directors’ compensation
        		-100,000                     
          depreciation of non-current assets
        		900,000 800,000 35,900,000 35,900,000 99,400,000 -100,000 100,000 31,800,000 31,800,000 87,000,000 2,400,000 -200,000 28,200,000 28,200,000 87,300,000 -300,000 0 29,500,000 28,400,000 26,400,000 28,400,000 
          amortization of deferred mobilization and contract preparation costs
        		-4,100,000 4,300,000 10,200,000 10,200,000 42,400,000 -3,800,000 2,400,000 14,700,000 14,700,000 36,600,000 -3,200,000 -2,400,000 13,600,000 13,600,000 30,400,000       
          amortization of deferred mobilization, demobilization and other revenue
        		1,200,000 -6,500,000 -7,800,000 -7,800,000 -86,500,000 32,100,000 -16,300,000 -26,200,000 -26,200,000 -47,900,000 1,100,000 300,000 -15,400,000 -15,400,000        
          loss on disposal of assets
        		                     
          amortization of debt discount
        		0 0 1,700,000 1,700,000 5,100,000 0 0 1,700,000 1,700,000             
          amortization of debt premium
        		0 0 -700,000 -700,000 -900,000 -200,000 -100,000 -100,000 -100,000             
          amortization of deferred finance charges
        		100,000 0 3,200,000 3,200,000 8,400,000 300,000 100,000 2,700,000 2,700,000 18,700,000 -600,000 1,400,000 1,800,000 1,800,000 6,300,000 0 0 1,600,000 1,500,000 1,900,000 1,100,000 
          bank commitment, guarantee and other fees
        		 -4,000,000 4,200,000 4,200,000           8,200,000       
          change in fair value of financial instruments
        		     600,000                
          loss from equity method investments
        		100,000 -1,600,000 1,800,000 1,800,000  -900,000     2,800,000     -900,000      
          deferred income tax
        		6,400,000 -5,000,000 -500,000 -500,000 3,700,000 -1,700,000 1,800,000 -3,100,000 -3,100,000 -15,300,000 -2,100,000 1,000,000 -100,000 -100,000 -1,100,000 -2,100,000 1,200,000 -100,000 100,000 -500,000 -300,000 
          change in assets and liabilities:
        		                     
          amounts due from related parties
        		-4,700,000 -73,500,000 74,400,000 74,400,000 3,900,000                 
          accrued expenses
        		-1,400,000 6,800,000 -1,800,000 -1,800,000 -11,000,000 4,800,000 6,600,000 -9,300,000 -9,300,000 18,500,000 -16,500,000 1,800,000 -1,700,000 -1,700,000 94,100,000 -29,100,000 -36,000,000 60,800,000 13,700,000 -900,000 1,200,000 
          accrued interest
        		91,400,000 -93,100,000 47,800,000 47,800,000 -45,100,000 83,900,000 -79,300,000 35,100,000 35,100,000 -73,100,000 29,000,000 -36,500,000 14,500,000 14,500,000 -68,900,000       
          other current and non-current assets
        		17,700,000 -79,200,000 18,500,000 18,500,000 -168,400,000 -23,800,000 19,800,000 -45,800,000 -45,800,000 -63,800,000 -30,400,000 4,800,000 -18,300,000 -18,300,000 -113,100,000 2,400,000 -4,900,000 -23,600,000 7,600,000 -6,500,000 7,100,000 
          other current and non-current liabilities
        		-34,400,000 67,000,000 -34,300,000 -34,300,000 99,800,000 -16,800,000 8,100,000 15,000,000 15,000,000 -24,700,000 47,200,000 36,300,000 -13,900,000 -13,900,000 151,600,000 10,600,000 -10,300,000 21,300,000 -9,400,000 7,000,000 -6,300,000 
          net cash from operating activities
        		65,800,000 -132,400,000 138,700,000 138,700,000  39,300,000 -14,800,000 23,900,000 23,900,000 -85,200,000 32,100,000 10,600,000 -8,200,000 -8,200,000  16,700,000 6,200,000 -14,700,000 -7,000,000 -10,900,000 -16,700,000 
          capital expenditures
        		0 0 -100,000 -100,000  0 0 -200,000 -200,000 -1,100,000 300,000 -500,000 -200,000 -200,000  0 0 0 0 0 0 
          free cash flows
        		65,800,000 -132,400,000 138,600,000 138,600,000  39,300,000 -14,800,000 23,700,000 23,700,000 -86,300,000 32,400,000 10,100,000 -8,400,000 -8,400,000  16,700,000 6,200,000 -14,700,000 -7,000,000 -10,900,000 -16,700,000 
          cash flows from investing activities
        		                     
          additions to jack-up drilling rigs
        		-20,500,000 11,600,000 -25,000,000 -25,000,000 -40,700,000 -7,300,000 8,400,000 -15,200,000 -15,200,000 -87,800,000 1,600,000 3,800,000 -28,800,000 -28,800,000        
          purchase of property, plant and equipment
        		  -100,000 -100,000   0 -200,000 -200,000 -1,100,000 300,000 -500,000 -200,000 -200,000        
          additions to newbuildings
        		    -180,800,000 -166,900,000 -3,100,000 -3,300,000 -3,300,000             
          net cash from investing activities
        		-20,500,000 11,700,000 -25,100,000 -25,100,000 -222,000,000 -174,000,000 5,300,000 -18,700,000 -18,700,000 -80,400,000 -7,900,000 13,100,000 -29,000,000 -29,000,000  -4,800,000    -5,700,000  
          cash flows from financing activities
        		                     
          proceeds from share issuance, net of issuance cost
        		               256,800,000 -30,500,000 34,100,000   44,800,000 
          repayment of debt
        		    -201,100,000 -24,700,000 -49,700,000 -10,600,000 -10,600,000 -1,790,300,000 176,100,000 27,500,000 -213,900,000 -213,900,000        
          cash distributions paid
        		                     
          debt proceeds, gross of premium / (net of discount) and issuance costs
        		    432,600,000   208,300,000 208,300,000             
          purchase of treasury shares
        		  -200,000 -200,000                  
          proceeds from exercise of share options
        		    1,700,000   1,300,000 1,300,000 100,000            
          net cash from financing activities
        		167,900,000 -65,800,000 -4,900,000 -4,900,000 160,900,000 215,300,000 -259,400,000 175,200,000 175,200,000   -338,800,000 177,400,000 177,400,000 -167,800,000 256,800,000 -30,500,000 34,100,000   44,800,000 
          net increase in cash, cash equivalents and restricted cash
        		213,200,000 -186,500,000 108,700,000 108,700,000  80,600,000 -268,900,000 180,400,000 180,400,000 -26,600,000   140,200,000 140,200,000  268,700,000 -32,800,000 12,300,000 36,500,000 -16,600,000 29,800,000 
          cash, cash equivalents and restricted cash at the beginning of the period
        		-77,800,000 108,700,000 62,500,000 62,500,000  -88,500,000 180,400,000 102,600,000 102,600,000  -174,900,000 140,200,000 118,500,000 118,500,000  -20,500,000 12,300,000 46,000,000 32,400,000 49,000,000 19,200,000 
          cash, cash equivalents and restricted cash at the end of the period
        		135,400,000 -77,800,000 171,200,000 171,200,000  -7,900,000 -88,500,000 283,000,000 283,000,000  10,700,000 -174,900,000 258,700,000 258,700,000  248,200,000 -20,500,000 58,300,000    
          gain on disposal of assets
        		  -400,000 -400,000 -200,000 0 0 -200,000 -200,000   -100,000 -100,000 -100,000     -3,600,000 -800,000  
          cash dividends paid
        		  -4,700,000 -4,700,000  0 -100,000 -23,800,000 -23,800,000             
          non-cash compensation expense related to share based employee and directors' compensation
        		 -800,000 3,400,000 3,400,000                  
          supplementary disclosure of cash flow information
        		                     
          interest paid
        		 -92,200,000 -6,100,000 -6,100,000  85,900,000 -85,600,000 -6,300,000 -6,300,000  45,500,000 -37,600,000 -29,500,000 -29,500,000        
          income taxes paid
        		 -3,900,000 -16,900,000 -16,900,000  7,500,000 -4,400,000 -12,800,000 -12,800,000  -2,500,000 2,100,000 -10,000,000 -10,000,000   -3,400,000 -1,600,000   -800,000 
          non-cash offset of other current and non-current assets and jack-up rigs
        		                     
          non-cash offset of trade receivables and jack-up rigs
        		  -600,000 -600,000                  
          effective interest rate adjustments
        		         -20,200,000 2,000,000 200,000 -1,700,000 -1,700,000 3,100,000 -3,100,000 -300,000 3,100,000 400,000 700,000 1,000,000 
          repayment of loan from equity method investments
        		                     
          net income /
        		                     
          adjustments to reconcile net income / (loss) to net cash from / (used in) operating activities:
        		                     
          non-cash compensation expense related to stock based and directors' compensation
        		            1,300,000 1,300,000        
          impairment of non-current assets
        		              124,400,000 -117,100,000      
          loss / (income) from equity method investments
        		                     
          change in assets and liabilities
        		                     
          net cash from / (used in) operating activities
        		                     
          proceeds from sale of fixed assets
        		                   800,000 1,400,000 
          proceeds from share issuance, net of issuance costs
        		                     
          net (decrease) / increase in cash, cash equivalents and restricted cash
        		                     
          cash, cash equivalents and restricted cash at beginning of the year
        		                     
          cash, cash equivalents and restricted cash at end of the year
        		                     
          non-cash compensation expense related to stock based employee and directors' compensation
        		      0 1,800,000 1,800,000  0           
          amounts due to/from related parties
        		      17,100,000 -3,200,000 -3,200,000 -20,900,000 1,100,000 -3,000,000 -6,600,000 -6,600,000 -7,200,000 -2,400,000 3,700,000 -11,100,000 -10,900,000 100,000 4,600,000 
          income from equity method investments
        		       -5,400,000 -5,400,000    -2,400,000 -2,400,000    -1,100,000 -3,800,000   
          cash and cash equivalents
        		       282,700,000              
          restricted cash
        		       300,000              
          total cash and cash equivalents and restricted cash
        		       283,000,000              
          gain on disposal of assets and other non-operating income
        		                     
          debt proceeds, net of discount and issuance costs
        		                     
          non-cash offset of debt and assets held for sale
        		                     
          non-cash offset of accrued interest and assets held for sale
        		                     
          issuance of long term debt as non-cash settlement of back-stop fee
        		                     
          repayment from / (funding provided to) equity method investments
        		                     
          proceeds from disposal of equity method investments
        		                     
          proceeds from debt, net of discount and issuance costs
        		                     
          debt proceeds, net of issuance costs
        		                     
          net decrease in cash, cash equivalents and restricted cash
        		                     
          net loss
        		            -7,400,000   110,400,000      
          adjustments to reconcile net loss to net cash from operating activities:
        		                     
          net proceeds from issuance of debt
        		            391,300,000 391,300,000        
          adjustments to reconcile net income to net cash provided by/(used in) operating activities:
        		                     
          unrealized loss on financial instruments
        		                     
          net cash provided by/(used in) operating activities
        		                     
          purchase of plant and equipment
        		                     
          purchase of financial instruments and marketable debt securities
        		                     
          distribution from/(funding provided to) equity method investments
        		                     
          proceeds from sale of financial instruments and marketable debt securities
        		                     
          net cash (used in)/provided by investing activities
        		                     
          proceeds from issuance of debt
        		                     
          net increase in cash and cash equivalents and restricted cash
        		                     
          cash and cash equivalents and restricted cash at beginning of the year
        		                     
          cash and cash equivalents and restricted cash at end of the year
        		                     
          non-cash compensation expense related to stock options
        		               300,000 -100,000 300,000 200,000 200,000 700,000 
          loss on disposal of assets and other non-operating income
        		                     
          amortization of deferred mobilization and demobilization revenue
        		                     
          distribution from equity method investments
        		                     
          disposal of equity method investments
        		                  10,600,000   
          additions to jack-up rigs
        		               -3,900,000 -8,800,000 -7,100,000 -5,800,000 -4,900,000 -2,800,000 
          interest paid, net of capitalized interest
        		                -7,900,000 -7,100,000 -11,200,000 -13,700,000 -9,500,000 
          long-term accrued interest
        		                41,000,000 -44,100,000 1,400,000 15,700,000 16,100,000 
          investments in equity method investments
        		                  38,700,000 -1,600,000 3,100,000 
          net cash (used in)/from investing activities
        		                 -7,100,000    
          amortization of acquired contract backlog
        		                     
          (income)/income from equity method investments
        		                     
          non-cash loan fees related to settled debt
        		                     
          long term accrued interest
        		                     
          repayment of/(funding provided by) shareholder loan
        		                     
          net cash provided by/(used in) investing activities
        		                     
          proceeds from share issuance, net of issuance costs and conversion of shareholders' loans
        		                     
          repayment of long-term debt
        		                     
          proceeds, net of deferred loan costs, from issuance of long-term debt
        		                     
          proceeds, net of deferred loan costs, from issuance of short-term debt
        		                     
          cash and cash equivalents and restricted cash at beginning of the period
        		                     
          cash and cash equivalents and restricted cash at end of the period
        		                     
          purchase of marketable securities
        		                     
          proceeds from sale of marketable securities
        		                     
          net cash from/(used in) investing activities
        		                  43,500,000   
          proceeds, net of deferred loan cost, from issuance of long-term debt
        		                     
          cash and cash equivalents at the end of period
        		                  68,900,000 32,400,000  
          income taxes refunded (paid)
        		                  2,000,000 1,600,000  
          issuance of long-term debt as non-cash settlement for newbuild delivery installment
        		                     
          loss/(income) from equity method investments
        		                   5,700,000  
          loss / (gain) on disposal of assets
        		                    100,000 
          (income) / income from equity method investments
        		                    -16,000,000 
          net cash provided by/(used) in investing activities
        		                    1,700,000 
          cash, cash equivalents and restricted cash at the end of period
        		                    49,000,000 
          net decrease in cash and cash equivalents
        		                     
          cash and cash equivalents and restricted cash at beginning of period
        		                     
          cash and cash equivalents and restricted cash at end of period
        		                     
          net cash (used in)/ provided by operating activities
        		                     
          net cash (used in)/ provided by investing activities
        		                     
          net cash (used in)/ provided by financing activities
        		                     
          net increase in cash and cash equivalents