Vantage Drilling International
OTC:VTDRF
Income Statement
Earnings Waterfall
Vantage Drilling International
Income Statement
Vantage Drilling International
| Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||||||||
| Interest Expense |
174
|
140
|
113
|
85
|
69
|
75
|
76
|
76
|
76
|
77
|
77
|
77
|
79
|
75
|
66
|
57
|
47
|
39
|
37
|
35
|
34
|
34
|
34
|
34
|
34
|
34
|
34
|
34
|
34
|
31
|
28
|
22
|
16
|
16
|
23
|
31
|
28
|
24
|
|
| Revenue |
772
N/A
|
605
-22%
|
439
-27%
|
269
-39%
|
182
-32%
|
171
-6%
|
176
+3%
|
193
+10%
|
213
+10%
|
229
+7%
|
236
+3%
|
243
+3%
|
226
-7%
|
203
-10%
|
779
+284%
|
755
-3%
|
761
+1%
|
778
+2%
|
178
-77%
|
158
-11%
|
127
-20%
|
96
-25%
|
94
-1%
|
127
+35%
|
158
+25%
|
197
+24%
|
234
+19%
|
252
+8%
|
279
+10%
|
298
+7%
|
332
+12%
|
383
+15%
|
278
-27%
|
220
-21%
|
269
+22%
|
239
-11%
|
195
-18%
|
180
-8%
|
|
| Operating Income | |||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(512)
|
(466)
|
(395)
|
(325)
|
(266)
|
(238)
|
(246)
|
(261)
|
(278)
|
(283)
|
(283)
|
(278)
|
(271)
|
(272)
|
(330)
|
(323)
|
(359)
|
(367)
|
(301)
|
(287)
|
(239)
|
(340)
|
(334)
|
(219)
|
(227)
|
(244)
|
(267)
|
(284)
|
(302)
|
(323)
|
(336)
|
(356)
|
(254)
|
(220)
|
(275)
|
(251)
|
(227)
|
(217)
|
|
| Selling, General & Administrative |
(25)
|
(31)
|
(33)
|
(38)
|
(40)
|
(39)
|
(42)
|
(39)
|
(42)
|
(38)
|
(32)
|
(35)
|
(30)
|
(32)
|
(98)
|
(97)
|
(134)
|
(132)
|
(66)
|
(62)
|
(25)
|
(23)
|
(23)
|
(23)
|
(23)
|
(23)
|
(25)
|
(24)
|
(24)
|
(22)
|
(20)
|
(23)
|
(19)
|
(19)
|
(25)
|
(26)
|
(27)
|
(27)
|
|
| Depreciation & Amortization |
(127)
|
(119)
|
(105)
|
(92)
|
(79)
|
(74)
|
(75)
|
(74)
|
(74)
|
(73)
|
(73)
|
(72)
|
(70)
|
(71)
|
(72)
|
(73)
|
(74)
|
(73)
|
(73)
|
(73)
|
(69)
|
(65)
|
(61)
|
(57)
|
(56)
|
(53)
|
(50)
|
(47)
|
(44)
|
(44)
|
(44)
|
(44)
|
(34)
|
(34)
|
(45)
|
(43)
|
(41)
|
(39)
|
|
| Other Operating Expenses |
(360)
|
(317)
|
(257)
|
(194)
|
(148)
|
(125)
|
(130)
|
(149)
|
(162)
|
(174)
|
(178)
|
(172)
|
(171)
|
(167)
|
(159)
|
(153)
|
(151)
|
(162)
|
(162)
|
(152)
|
(146)
|
(251)
|
(249)
|
(139)
|
(148)
|
(168)
|
(191)
|
(213)
|
(234)
|
(256)
|
(272)
|
(289)
|
(202)
|
(167)
|
(205)
|
(182)
|
(159)
|
(151)
|
|
| Operating Income |
260
N/A
|
139
-47%
|
44
-68%
|
(55)
N/A
|
(84)
-52%
|
(67)
+20%
|
(71)
-5%
|
(68)
+4%
|
(65)
+5%
|
(54)
+16%
|
(48)
+13%
|
(36)
+25%
|
(45)
-27%
|
(69)
-53%
|
448
N/A
|
431
-4%
|
402
-7%
|
410
+2%
|
(123)
N/A
|
(130)
-5%
|
(112)
+13%
|
(244)
-117%
|
(239)
+2%
|
(92)
+61%
|
(69)
+25%
|
(48)
+31%
|
(32)
+32%
|
(32)
+2%
|
(24)
+26%
|
(26)
-9%
|
(4)
+84%
|
27
N/A
|
24
-10%
|
1
-98%
|
(5)
N/A
|
(12)
-117%
|
(31)
-165%
|
(37)
-19%
|
|
| Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(174)
|
(140)
|
(113)
|
(85)
|
(69)
|
(75)
|
(75)
|
(76)
|
(76)
|
(76)
|
(76)
|
(76)
|
(77)
|
(73)
|
45
|
57
|
70
|
77
|
(30)
|
(32)
|
(33)
|
(34)
|
(34)
|
(34)
|
(34)
|
(34)
|
(34)
|
(34)
|
(33)
|
(30)
|
(27)
|
(21)
|
(17)
|
(17)
|
(22)
|
(32)
|
(28)
|
(24)
|
|
| Non-Reccuring Items |
(29)
|
(493)
|
(493)
|
(493)
|
(454)
|
(1)
|
1
|
1
|
2
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
(129)
|
(129)
|
0
|
0
|
0
|
0
|
0
|
61
|
61
|
61
|
61
|
1
|
(0)
|
0
|
0
|
0
|
87
|
87
|
87
|
|
| Total Other Income |
4
|
6
|
3
|
3
|
1
|
(0)
|
2
|
2
|
3
|
2
|
1
|
(0)
|
(2)
|
(1)
|
(0)
|
(0)
|
0
|
2
|
3
|
2
|
3
|
(0)
|
(1)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(4)
|
(3)
|
(2)
|
(0)
|
0
|
0
|
0
|
0
|
(1)
|
0
|
|
| Pre-Tax Income |
62
N/A
|
(488)
N/A
|
(559)
-15%
|
(631)
-13%
|
(606)
+4%
|
(144)
+76%
|
(143)
+1%
|
(140)
+2%
|
(136)
+3%
|
(129)
+5%
|
(123)
+4%
|
(112)
+9%
|
(125)
-11%
|
(143)
-14%
|
492
N/A
|
488
-1%
|
472
-3%
|
490
+4%
|
(150)
N/A
|
(288)
-92%
|
(272)
+6%
|
(278)
-2%
|
(273)
+2%
|
(128)
+53%
|
(105)
+18%
|
(84)
+20%
|
(9)
+90%
|
(7)
+22%
|
1
N/A
|
3
+244%
|
(32)
N/A
|
6
N/A
|
7
+31%
|
(16)
N/A
|
(27)
-67%
|
43
N/A
|
28
-36%
|
26
-5%
|
|
| Net Income | |||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(40)
|
(14)
|
(7)
|
18
|
(13)
|
(11)
|
(13)
|
(14)
|
(14)
|
(17)
|
(17)
|
(14)
|
(17)
|
(15)
|
(28)
|
(24)
|
(15)
|
(16)
|
2
|
(4)
|
(5)
|
(4)
|
(6)
|
(4)
|
(5)
|
(4)
|
(3)
|
(3)
|
(4)
|
5
|
(7)
|
(21)
|
(24)
|
(15)
|
(15)
|
(16)
|
(16)
|
(16)
|
|
| Income from Continuing Operations |
22
|
(502)
|
(566)
|
(612)
|
(619)
|
(155)
|
(156)
|
(154)
|
(150)
|
(145)
|
(140)
|
(126)
|
(142)
|
(157)
|
464
|
465
|
457
|
474
|
(149)
|
(292)
|
(277)
|
(282)
|
(279)
|
(132)
|
(110)
|
(88)
|
(11)
|
(10)
|
(3)
|
8
|
(39)
|
(16)
|
(17)
|
(32)
|
(42)
|
28
|
12
|
10
|
|
| Income to Minority Interest |
(5)
|
(4)
|
(3)
|
(3)
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(1)
|
(1)
|
(1)
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(1)
|
(1)
|
0
|
1
|
2
|
1
|
1
|
0
|
0
|
0
|
(0)
|
(0)
|
|
| Net Income (Common) |
17
N/A
|
(506)
N/A
|
(569)
-13%
|
(616)
-8%
|
(619)
0%
|
(155)
+75%
|
(156)
-1%
|
(154)
+1%
|
(150)
+3%
|
(145)
+3%
|
(140)
+4%
|
(126)
+10%
|
(142)
-12%
|
(157)
-11%
|
465
N/A
|
465
+0%
|
456
-2%
|
473
+4%
|
(150)
N/A
|
(293)
-96%
|
(277)
+6%
|
(282)
-2%
|
(279)
+1%
|
(132)
+53%
|
(110)
+16%
|
(89)
+19%
|
(12)
+87%
|
(11)
+13%
|
(3)
+68%
|
9
N/A
|
(37)
N/A
|
(15)
+59%
|
(16)
-4%
|
(32)
-99%
|
(42)
-33%
|
28
N/A
|
12
-58%
|
10
-15%
|
|
| EPS (Diluted) |
3.44
N/A
|
-101.09
N/A
|
-111.58
-10%
|
-123.18
-10%
|
-123.69
0%
|
-30.96
+75%
|
-31.13
-1%
|
-30.86
+1%
|
-29.96
+3%
|
-29.09
+3%
|
-27.99
+4%
|
-25.19
+10%
|
-28.29
-12%
|
-31.45
-11%
|
91.07
N/A
|
92.98
+2%
|
79.94
-14%
|
36.1
-55%
|
-11.41
N/A
|
-22.38
-96%
|
-21.12
+6%
|
-21.53
-2%
|
-21.31
+1%
|
-10.03
+53%
|
-8.4
+16%
|
-6.8
+19%
|
-0.9
+87%
|
-0.8
+11%
|
-0.26
+68%
|
0.69
N/A
|
-2.81
N/A
|
-1.16
+59%
|
-1.21
-4%
|
-2.39
-98%
|
-3.18
-33%
|
2.09
N/A
|
0.88
-58%
|
0.74
-16%
|
|