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DO

Market Closed

Diamond Offshore Drilling Inc

DO Alerts

DO Stock Price

RSI Chart

Valuation

Price/Sales

Profitability

EBT Margin

-24.85%

Return on Equity

-25.74%

Return on Assets

-12.3%

Fundamentals

Revenue

Revenue (TTM)

845.3M

Revenue Y/Y

5.7%

Revenue Q/Q

9.9%

Earnings

Earnings (TTM)

-175.6M

Earnings Y/Y

206.33%

Earnings Q/Q

125.13%

Price Action

Financial Health

Current Ratio

1.16

Debt/Equity

0.37

Debt/Cashflow

0.28

Investor Care

Shares Dilution (1Y)

1.45%

Diluted EPS (TTM)

-1.76

Financials for Diamond Offshore Drilling

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Revenue1.5%845833742691632
  S&GA Expenses-6.3%6974706662
Earnings Before Taxes-5.0%-217.26-207.01-218.70-539.57-552.11
Net Income5.7%-175.64-186.33-211.70-539.02-563.69
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Assets0.6%1,5241,5151,5131,5311,692
  Current Assets9.4%301275255272285
    Cash Equivalents-47.2%2343543827
  Net PPE-1,176----
Liabilities0.3%794791775764804
  Current Liabilities-2.7%231238234233215
  Long Term Debt-13.0%269309---
    LT Debt, Non Current9.5%336306286266306
Shareholder's Equity0.9%730724738768888
  Retained Earnings2.4%-228.12-233.63-211.70-177.34-52.47
  Additional Paid-In Capital0.4%962958950945940
Shares Outstanding1.0%101100100100100
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Cashflow From Operations-48.8%387428-104.29-151.44
  Share Based Compensation-3.9%21221595
Cashflow From Investing6.5%-41.67-44.54-56.76-93.29-104.55
Cashflow From Financing152.9%13-25.34-13.66-164.31-129.24

Risks

What is the probability of a big loss on DO?

null%


Probability that Diamond Offshore Drilling stock will be more than 20% underwater in next one year

null%


Probability that Diamond Offshore Drilling stock will be more than 30% underwater in next one year.

null%


Probability that Diamond Offshore Drilling stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does DO drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Diamond Offshore Drilling was unfortunately bought at previous high price.

Returns

Cumulative Returns on DO

What are the long-term rolling returns for DO?

FIve years rolling returns for Diamond Offshore Drilling.

Which funds bought or sold DO recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2022-11-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
REDUCED
-6.44
13,000
265,000
-%
2022-11-15
NOMURA HOLDINGS INC
REDUCED
-61.98
-5,816,000
4,346,000
0.02%
2022-11-15
BNP PARIBAS ARBITRAGE, SNC
NEW
-
305,616
305,616
-%
2022-11-15
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO
UNCHANGED
-
22,000
202,000
-%
2022-11-15
Neuberger Berman Group LLC
ADDED
0.14
1,940,000
17,179,000
0.02%
2022-11-15
Cascade Investment Advisors, Inc.
SOLD OFF
-100
-13,440
-
-%
2022-11-15
ALLIANCEBERNSTEIN L.P.
REDUCED
-96.24
-20,691,000
914,000
-%
2022-11-15
STATE STREET CORP
ADDED
58.32
7,343,000
16,733,000
-%
2022-11-15
Balyasny Asset Management LLC
NEW
-
1,569,000
1,569,000
-%
2022-11-15
JANE STREET GROUP, LLC
REDUCED
-52.23
-75,000
86,000
-%

1–10 of 41

Latest Funds Activity

Are funds buying DO calls or puts?
Are funds bullish or bearish(Calls - Puts)?
No. of funds that own DO

Diamond Offshore Drilling News

DirectorsTalk Interviews

Diamond Offshore Drilling, Inc. – Consensus Indicates Potential 35.8% Upside.17 hours ago

DO Fair Value

Recent SEC filings of Diamond Offshore Drilling

View All Filings
Date Filed Form Type Document
Nov 29, 2022
8-K
Current Report
Nov 08, 2022
8-K
Current Report
Nov 08, 2022
10-Q
Quarterly Report

Latest Insider Trading transactions for DO

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2022-08-12
ROLAND DAVID L
SOLD (Taxes)
-47,079.8
7.28
-6,467
SVP, General Counsel and Sec
2022-08-12
ROLAND DAVID L
ACQUIRED
-
-
26,557
SVP, General Counsel and Sec
2022-08-12
Wolford Bernie G.
SOLD (Taxes)
-1,354,700
7.28
-186,085
President and CEO
2022-08-12
Savarino Dominic A
ACQUIRED
-
-
26,558
Senior Vice President and CFO
2022-08-12
Wolford Bernie G.
ACQUIRED
-
-
493,847
President and CEO
2022-08-12
Savarino Dominic A
SOLD (Taxes)
-47,087
7.28
-6,468
Senior Vice President and CFO
2022-07-01
ROLAND DAVID L
ACQUIRED
-
-
20,118
SVP, General Counsel and Sec
2022-07-01
ROLAND DAVID L
SOLD (Taxes)
-29,834.9
6.09
-4,899
SVP, General Counsel and Sec
2022-07-01
Savarino Dominic A
ACQUIRED
-
-
20,119
Senior Vice President and CFO
2022-07-01
Savarino Dominic A
SOLD (Taxes)
-29,841
6.09
-4,900
Senior Vice President and CFO

1–10 of 50

Marc G. R. Edwards
2300
Diamond Offshore Drilling, Inc. provides contract drilling services to the energy industry worldwide. As of December 31, 2021, the company operated a fleet of 12 offshore drilling rigs, including four drillships and eight semisubmersible rigs. It serves independent oil and gas companies, and government-owned oil companies. The company was founded in 1953 and is headquartered in Houston, Texas.

DO Income Statement

2022-09-30
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended4 Months Ended5 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Apr. 23, 2021
Sep. 30, 2021
Sep. 30, 2022
Revenues:     
Total revenues$ 226,073$ 213,877$ 169,379$ 328,788$ 618,014
Operating expenses:     
Depreciation26,06925,15092,75843,88578,714
General and administrative16,32020,97615,03637,19352,805
Impairment of assets  197,02700
Gain on disposition of assets(73)(767)(5,486)(943)(4,802)
Total operating expenses233,648210,613496,438352,672669,268
Operating (loss) income(7,575)3,264(327,059)(23,884)(51,254)
Other income (expense):     
Interest income11230312
Interest expense, net of amounts capitalized(10,364)(9,777)(34,827)(16,874)(28,792)
Foreign currency transaction gain2371,173(172)259(285)
Reorganization items, net0(1,916)(1,639,763)(7,454)0
Other, net172(14)39810,6921,487
Loss before income tax benefit (expense)(17,519)(7,268)(2,001,393)(37,258)(78,832)
Income tax benefit (expense)23,0292,08639,404(15,217)28,059
Net income (loss)$ 5,510$ (5,182)$ (1,961,989)$ (52,475)$ (50,773)
Income (loss) per share, Basic$ 0.05$ (0.05)$ (14.21)$ (0.52)$ (0.51)
Income (loss) per share, Diluted$ 0.05$ (0.05)$ (14.21)$ (0.52)$ (0.51)
Weighted-average shares outstanding, Basic100,875100,075138,054100,068100,356
Weighted-average shares outstanding, Diluted102,273100,075138,054100,068100,356
Contract Drilling [Member]     
Revenues:     
Total revenues$ 189,861$ 183,156$ 153,364$ 281,189$ 516,992
Operating expenses:     
Contract drilling, excluding depreciation155,567135,181181,626225,892442,619
Reimbursable Expenses [Member]     
Revenues:     
Total revenues36,21230,72116,01547,599101,022
Operating expenses:     
Contract drilling, excluding depreciation$ 35,765$ 30,073$ 15,477$ 46,645$ 99,932

DO Balance Sheet

2022-09-30
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets:  
Cash and cash equivalents$ 22,650$ 38,388
Restricted cash38,59224,341
Accounts receivable185,539151,917
Less: allowance for credit losses(5,629)(5,582)
Accounts receivable, net179,910146,335
Prepaid expenses and other current assets59,58561,440
Asset held for sale01,000
Total current assets300,737271,504
Drilling and other property and equipment, net of accumulated depreciation1,143,2681,175,895
Other assets79,71484,041
Total assets1,523,7191,531,440
Current liabilities:  
Accounts payable39,52138,661
Accrued liabilities150,153143,736
Taxes payable25,11534,500
Current finance lease liabilities16,68115,865
Total current liabilities231,470232,762
Long-term debt335,540266,241
Noncurrent finance lease liabilities135,777148,358
Deferred tax liability1,8381,626
Other liabilities88,905114,748
Commitments and contingencies (Note 8)
Total liabilities793,530763,735
Stockholders’ equity:  
Preferred stock (par value $0.0001, 50,000 shares authorized, none issued and outstanding at September 30, 2022 and December 31, 2021)00
Common stock (par value $0.0001, 750,000 shares authorized; 101,630 shares issued and 101,166 shares outstanding at September 30, 2022 and 100,075 shares issued and outstanding at December 31, 2021)1010
Additional paid-in capital961,510945,039
Treasury stock(3,214)0
Accumulated deficit(228,117)(177,344)
Total stockholders’ equity730,189767,705
Total liabilities and stockholders’ equity$ 1,523,719$ 1,531,440