SDRL - Seadrill Limited Announces Fourth Quarter 2016 Results
Highlights · Revenue of $667 million · Operating income of $118 million · EBITDA of $354 million · 99% economic utilization · Reported net income of $127 million and diluted net income per share of $0.26 · Underlying net income, excluding non-recurring items and non-cash mark to market movements on derivatives, was $111 million and earnings per share was $0.24 · Cash and cash equivalents of $1.4 billion · Seadrill Limited order backlog of approximately $2.5 billion Commenting today, Per Wullf, CEO and President of Seadrill Management Ltd., said: