Jul. 3 at 12:01 AM
$RIG Someone posted this is a great company if like annual losses, posting paper losses from impairment charges for 10 years. My reply...
This is a great company if like annual increases in operational cash to
$1.37 Billion.
2016 EBITDA of
$2.078
2017 EBITDA
$1.19 billion
2018 EBITDA:
$1.184 billion
2019 EBITDA:
$952 million
2020 EBITDA of
$1.18 billion
2021 EBITDA
$850 million
2022 EBITDA
$844 millio
2023 EBITDA
$732 million
2024 EBITDA
$1.15 billion
2025 EBITDA
$1.37 billion
In 2025, Rig took a
$3.049 Billion non-cash impairment charge resulting in the paper losses. Makes more sense to chart 'actual operational cash' they collect, or net profits known as EBITDA, They paid off
$1.8B in debt from this cash. Paper losses/impairment charges for Rigs sold mean absolutely nothing. So yes, I would want to be in a company that increased their operational cash to
$1.37 billion by 2025. Note in 2016, they recorded net cash profits of
$2.078 billion.
