SDRL - Seadrill Limited Announces Third Quarter 2016 Results
Highlights · Revenue of $743 million · Operating income of $247 million · EBITDA of $441 million · 95% economic utilization · Reported Net Loss of $656 million and diluted loss per share of $1.29, reflecting an $882 million non-cash impairment to investments primarily relating to Seadrill Partners. · Underlying Net Income , excluding non-recurring items and non-cash mark to market movements on derivatives,was $135 million and earnings per share was $0.28. · Cash and cash equivalents of $1.3 billion · Seadrill Limited orderbacklog of approximately $3.0