Company Quick10K Filing
Noble
Price1.89 EPS-2
Shares261 P/E-1
MCap494 P/FCF-23
Net Debt-137 EBIT-394
TEV356 TEV/EBIT-1
TTM 2019-09-30, in MM, except price, ratios
10-Q 2020-09-30 Filed 2020-11-05
10-Q 2020-06-30 Filed 2020-08-07
10-Q 2020-03-31 Filed 2020-05-07
10-K 2019-12-31 Filed 2020-02-20
10-Q 2019-09-30 Filed 2019-10-31
10-Q 2019-06-30 Filed 2019-08-02
10-Q 2019-03-31 Filed 2019-05-02
10-K 2018-12-31 Filed 2019-02-22
10-Q 2018-09-30 Filed 2018-11-02
10-Q 2018-06-30 Filed 2018-08-03
10-Q 2018-03-31 Filed 2018-05-10
10-K 2017-12-31 Filed 2018-02-23
10-Q 2017-09-30 Filed 2017-11-03
10-Q 2017-06-30 Filed 2017-08-04
10-Q 2017-03-31 Filed 2017-05-05
10-K 2016-12-31 Filed 2017-02-24
10-Q 2016-09-30 Filed 2016-11-07
10-Q 2016-06-30 Filed 2016-08-08
10-Q 2016-03-31 Filed 2016-05-05
10-K 2015-12-31 Filed 2016-02-25
10-Q 2015-09-30 Filed 2015-11-04
10-Q 2015-06-30 Filed 2015-08-06
10-Q 2015-03-31 Filed 2015-05-07
10-K 2014-12-31 Filed 2015-02-27
10-Q 2014-09-30 Filed 2014-11-07
10-Q 2014-06-30 Filed 2014-08-08
10-Q 2014-03-31 Filed 2014-05-12
10-K 2013-12-31 Filed 2014-02-28
10-Q 2013-09-30 Filed 2013-11-04
10-Q 2013-06-30 Filed 2013-08-05
10-Q 2013-03-31 Filed 2013-05-02
10-K 2012-12-31 Filed 2013-02-25
10-Q 2012-09-30 Filed 2012-11-06
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10-Q 2012-03-31 Filed 2012-05-07
10-K 2011-12-31 Filed 2012-02-27
10-Q 2011-09-30 Filed 2011-11-02
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10-Q 2011-03-31 Filed 2011-05-06
10-K 2010-12-31 Filed 2011-02-25
10-Q 2010-09-30 Filed 2010-11-09
10-Q 2010-06-30 Filed 2010-08-09
10-Q 2010-03-31 Filed 2010-05-07
10-K 2009-12-31 Filed 2010-02-26
8-K 2020-11-20
8-K 2020-11-06
8-K 2020-11-04
8-K 2020-10-12
8-K 2020-09-23
8-K 2020-08-20
8-K 2020-08-05
8-K 2020-07-31
8-K 2020-07-15
8-K 2020-06-26
8-K 2020-05-21
8-K 2020-05-21
8-K 2020-05-06
8-K 2020-04-17
8-K 2020-04-09
8-K 2020-03-24
8-K 2020-03-11
8-K 2020-02-19
8-K 2020-02-19
8-K 2020-02-19
8-K 2020-02-06
8-K 2019-12-20
8-K 2019-12-17
8-K 2019-12-03
8-K 2019-10-30
8-K 2019-09-09
8-K 2019-08-01
8-K 2019-07-26
8-K 2019-06-26
8-K 2019-05-01
8-K 2019-04-26
8-K 2019-04-26
8-K 2019-03-11
8-K 2019-02-25
8-K 2019-02-22
8-K 2019-02-20
8-K 2019-02-14
8-K 2018-11-14
8-K 2018-10-31
8-K 2018-10-24
8-K 2018-09-21
8-K 2018-08-02
8-K 2018-08-01
8-K 2018-06-19
8-K 2018-05-07
8-K 2018-05-02
8-K 2018-04-27
8-K 2018-04-27
8-K 2018-03-26
8-K 2018-02-21
8-K 2018-02-14
8-K 2018-01-31
8-K 2018-01-17
8-K 2018-01-17
8-K 2018-01-17
8-K 2018-01-11

NE 10Q Quarterly Report

Part I. Financial Information
Item 1. Financial Statements
Note 1 - Organization and Basis of Presentation
Note 2 - Chapter 11 Proceedings
Note 3 - Accounting Pronouncements
Note 4 - Consolidated Joint Ventures
Note 5 - Income (Loss) per Share
Note 6 - Property and Equipment
Note 7 - Debt
Note 8 - Accumulated Other Comprehensive Income (Loss)
Note 9 - Revenue and Customers
Note 10 - Loss on Impairment
Note 11 - Income Taxes
Note 12 - Employee Benefit Plans
Note 13 - Fair Value of Financial Instruments
Note 14 - Commitments and Contingencies
Note 15 - Supplemental Financial Information
Note 16 - Condensed Combined Debtor - in - Possession Financial Information
Note 17 - Subsequent Events
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 3. Quantitative and Qualitative Disclosures About Market Risk
Item 4. Controls and Procedures
Part II. Other Information
Item 1. Legal Proceedings
Item 1A. Risk Factors
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
Item 3. Defaults Upon Senior Securities
Item 6. Exhibits
EX-10.3 exhibit103executivecom.htm
EX-10.4 exhibit104timecashaward.htm
EX-10.5 exhibit105performancec.htm
EX-31.1 exhibit311-roberteifle.htm
EX-31.2 exhibit312-roberteifle.htm
EX-31.3 exhibit313-richardbark.htm
EX-31.4 exhibit314-richardbark.htm
EX-32.1 exhibit321-roberteifle.htm
EX-32.2 exhibit322-roberteifle.htm
EX-32.3 exhibit323-richardbark.htm
EX-32.4 exhibit324-richardbark.htm

Noble Earnings 2020-09-30

Balance SheetIncome StatementCash Flow
25201510502012201420172020
Assets, Equity
2.01.30.6-0.0-0.7-1.42012201420172020
Rev, G Profit, Net Income
1.60.90.1-0.6-1.4-2.12012201420172020
Ops, Inv, Fin

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_________________________________________________________________________________________________
FORM 10-Q
_____________________________________________________________________________________________________
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended: September 30, 2020
OR
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from             to             
Commission file number: 001-36211
_____________________________________________________________________________________________________
Noble Corporation plc
(Exact name of registrant as specified in its charter)
_____________________________________________________________________________________________________
England and Wales
(Registered Number 08354954)
 
98-0619597
(State or other jurisdiction of
incorporation or organization)
 
(I.R.S. employer
identification number)
13135 Dairy Ashford, Suite 800, Sugar Land, Texas, 77478
(Address of principal executive offices) (Zip Code)
Registrant’s Telephone Number, Including Area Code: (281) 276-6100

10 Brook Street
London, England W1S 1BG
(Former address, if changed since last report)

Commission file number: 001-31306
_____________________________________________________________________________________________________
Noble Corporation
(Exact name of registrant as specified in its charter)
_____________________________________________________________________________________________________
Cayman Islands
 
98-0366361
(State or other jurisdiction of incorporation or organization)
 
(I.R.S. employer identification number)
Suite 3D Landmark Square, 64 Earth Close, P.O. Box 31327 George Town, Grand Cayman, Cayman Islands, KY1-1206
(Address of principal executive offices) (Zip Code)
Registrant’s Telephone Number, Including Area Code: (345) 938-0293
_______________________________________________________________________________________________
Securities registered pursuant to Section 12(b) of the Act:
Name of Company
 
Title of each class
 
Trading symbol(s)
 
Name of each exchange on which registered
Noble Corporation plc
 
Ordinary Shares
 
NEBLQ*
 
*
Noble Corporation
 
None
 
 
* On July 31, 2020, the New York Stock Exchange suspended trading in the ordinary shares at the market opening. Since August 4, 2020, the shares have been quoted on the OTC Pink Open Market under the symbol “NEBLQ.”
Indicate by check mark whether each registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes      No  
Indicate by check mark whether each registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).    Yes      No  
Indicate by check mark whether each registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
Noble Corporation plc:
Large accelerated filer
Accelerated filer
Non-accelerated filer
Smaller reporting company
Emerging growth company
Noble Corporation:
Large accelerated filer
Accelerated filer
Non-accelerated filer
Smaller reporting company
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Indicate by check mark whether each registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes      No  
Number of shares outstanding and trading at November 3, 2020: Noble Corporation plc - 251,083,973
Number of shares outstanding: Noble Corporation - 261,245,693
Noble Corporation, a Cayman Islands company and a wholly owned subsidiary of Noble Corporation plc, a public limited company incorporated under the laws of England and Wales, meets the conditions set forth in General Instructions H(1) (a) and (b) of Form 10-Q and is therefore filing this Quarterly Report on Form 10-Q with the reduced disclosure format contemplated by paragraphs (b) and (c) of General Instruction H(2) of Form 10-Q.




TABLE OF CONTENTS
 
 
 
 
 
Page
PART I
 
 
 
Item 1
 
 
 
 
 
Noble Corporation plc (Noble-UK) Financial Statements:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Noble Corporation (Noble-Cayman) Financial Statements:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Item 2
 
 
Item 3
 
 
Item 4
 
 
PART II
 
 
 
Item 1
 
 
Item 1A
 
 
Item 2
 
 
Item 3
 
 
Item 6
 
 
 
 
 
 
 
 
This combined Quarterly Report on Form 10-Q is separately filed by Noble Corporation plc, a public limited company incorporated under the laws of England and Wales (“Noble-UK”), and Noble Corporation, a Cayman Islands company (“Noble-Cayman”). Information in this filing relating to Noble-Cayman is filed by Noble-UK and separately by Noble-Cayman on its own behalf. Noble-Cayman makes no representation as to information relating to Noble-UK (except as it may relate to Noble-Cayman) or any other affiliate or subsidiary of Noble-UK. Since Noble-Cayman meets the conditions specified in General Instructions H(1)(a) and (b) to Form 10-Q, it is permitted to use the reduced disclosure format for wholly-owned subsidiaries of reporting companies as stated in General Instructions H(2). Accordingly, Noble-Cayman has omitted from this report the information called for by “Item 3 (Quantitative and Qualitative Disclosures about Market Risk)” of Part I of Form 10-Q and the following items of Part II of Form 10-Q, “Item 2 (Unregistered Sales of Equity Securities and Use of Proceeds),” and “Item 3 (Defaults upon Senior Securities).”
This report should be read in its entirety as it pertains to each Registrant. Except where indicated, the Condensed Consolidated Financial Statements and related Notes are combined. References in this Quarterly Report on Form 10-Q to “Noble,” the “Company,” “we,” “us,” “our” and words of similar meaning refer collectively to Noble-UK and its condensed consolidated subsidiaries, including Noble-Cayman.

2



PART I. FINANCIAL INFORMATION

Item 1. Financial Statements
NOBLE CORPORATION PLC AND SUBSIDIARIES (DEBTOR-IN-POSSESSION)
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands)
(Unaudited)
 
 
September 30, 2020
 
December 31, 2019
ASSETS
Current assets
 
 
 
 
Cash and cash equivalents
 
$
325,097

 
$
104,621

Accounts receivable, net of allowance for credit losses of $1,069 and $1,939, respectively
 
167,435

 
198,665

Taxes receivable
 
42,198

 
59,771

Prepaid expenses and other current assets
 
76,456

 
59,050

Total current assets
 
611,186

 
422,107

Property and equipment, at cost
 
8,749,255

 
10,306,625

Accumulated depreciation
 
(2,317,869
)
 
(2,572,701
)
Property and equipment, net
 
6,431,386

 
7,733,924

Other assets
 
70,095

 
128,467

Total assets
 
$
7,112,667

 
$
8,284,498

LIABILITIES AND EQUITY
Current liabilities
 
 
 
 
Current maturities of long-term debt
 
$

 
$
62,505

Accounts payable
 
81,119

 
108,208

Accrued payroll and related costs
 
38,495

 
56,056

Taxes payable
 
37,922

 
30,715

Interest payable
 

 
88,047

Other current liabilities
 
42,047

 
171,397

Total current liabilities
 
199,583

 
516,928

Long-term debt
 

 
3,779,499

Deferred income taxes
 
43,147

 
68,201

Other liabilities
 
109,474

 
260,898

Liabilities subject to compromise
 
4,251,429

 

Total liabilities
 
4,603,633

 
4,625,526

Commitments and contingencies (Note 14)
 


 


Shareholders’ equity
 
 
 
 
Common stock, $0.01 par value, ordinary shares; 251,062 and 249,200 shares outstanding as of September 30, 2020 and December 31, 2019, respectively
 
2,510

 
2,492

Additional paid-in capital
 
812,983

 
807,093

Retained earnings
 
1,752,037

 
2,907,776

Accumulated other comprehensive loss
 
(58,496
)
 
(58,389
)
Total shareholdersequity
 
2,509,034

 
3,658,972

Total liabilities and equity
 
$
7,112,667

 
$
8,284,498

See accompanying notes to the unaudited condensed consolidated financial statements.

3



NOBLE CORPORATION PLC AND SUBSIDIARIES (DEBTOR-IN-POSSESSION)
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share amounts)
(Unaudited) 
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
 
2020
 
2019
 
2020
 
2019
Operating revenues
 
 
 
 
 
 
 
 
Contract drilling services
 
$
227,050

 
$
259,428

 
$
714,555

 
$
804,746

Reimbursables and other
 
14,786

 
16,098

 
46,510

 
46,604

 
 
241,836

 
275,526

 
761,065

 
851,350

Operating costs and expenses
 
 
 
 
 
 
 
 
Contract drilling services
 
137,180

 
175,929

 
442,479

 
516,522

Reimbursables
 
13,369

 
13,779

 
41,387

 
38,555

Depreciation and amortization
 
90,606

 
112,755

 
283,652

 
333,481

General and administrative
 
15,662

 
17,565

 
106,504

 
149,816

Pre-petition charges
 
3,894

 

 
14,409

 

Loss on impairment
 

 
595,510

 
1,119,517

 
595,510

 
 
260,711

 
915,538

 
2,007,948

 
1,633,884

Operating loss
 
(18,875
)
 
(640,012
)
 
(1,246,883
)
 
(782,534
)
Other income (expense)
 
 
 
 
 
 
 
 
Interest expense, net of amounts capitalized
 
(23,427
)
 
(68,991
)
 
(164,586
)
 
(208,211
)
Gain (loss) on extinguishment of debt, net
 
17,847

 
(650
)
 
17,254

 
30,616

Interest income and other, net
 
7,872

 
(144
)
 
8,546

 
4,222

Reorganization items, net
 
(9,014
)
 

 
(9,014
)
 

Loss from continuing operations before income taxes
 
(25,597
)
 
(709,797
)
 
(1,394,683
)
 
(955,907
)
Income tax benefit (provision)
 
(25,271
)
 
2,845

 
238,944

 
37,162

Net loss from continuing operations
 
(50,868
)
 
(706,952
)
 
(1,155,739
)
 
(918,745
)
Net loss from discontinued operations, net of tax
 

 

 

 
(3,821
)
Net loss
 
(50,868
)
 
(706,952
)
 
(1,155,739
)
 
(922,566
)
Net income attributable to noncontrolling interests
 

 
262,081

 

 
254,846

Net loss attributable to Noble Corporation plc
 
$
(50,868
)
 
$
(444,871
)
 
$
(1,155,739
)
 
$
(667,720
)
Net loss attributable to Noble Corporation plc
 
 
 
 
 
 
 
 
Net loss from continuing operations
 
$
(50,868
)
 
$
(444,871
)
 
$
(1,155,739
)
 
$
(663,899
)
Net loss from discontinued operations, net of tax
 

 

 

 
(3,821
)
Net loss attributable to Noble Corporation plc
 
$
(50,868
)
 
$
(444,871
)
 
$
(1,155,739
)
 
$
(667,720
)
Per share data
 
 
 
 
 
 
 
 
Basic:
 
 
 
 
 
 
 
 
Loss from continuing operations
 
$
(0.20
)
 
$
(1.79
)
 
$
(4.61
)
 
$
(2.66
)
Loss from discontinued operations
 

 

 

 
(0.02
)
Net loss attributable to Noble Corporation plc
 
$
(0.20
)
 
$
(1.79
)
 
$
(4.61
)
 
$
(2.68
)
 
 
 
 
 
 
 
 
 
Diluted:
 
 
 
 
 
 
 
 
Loss from continuing operations
 
$
(0.20
)
 
$
(1.79
)
 
$
(4.61
)
 
$
(2.66
)
Loss from discontinued operations
 

 

 

 
(0.02
)
Net loss attributable to Noble Corporation plc
 
$
(0.20
)
 
$
(1.79
)
 
$
(4.61
)
 
$
(2.68
)
See accompanying notes to the unaudited condensed consolidated financial statements.

4



NOBLE CORPORATION PLC AND SUBSIDIARIES (DEBTOR-IN-POSSESSION)
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
(In thousands)
(Unaudited)

 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
 
2020
 
2019
 
2020
 
2019
Net loss
 
$
(50,868
)
 
$
(706,952
)
 
$
(1,155,739
)
 
$
(922,566
)
Other comprehensive income (loss)
 
 
 
 
 
 
 
 
Foreign currency translation adjustments
 
863

 
(1,054
)
 
(1,812
)
 
(952
)
Amortization of deferred pension plan amounts (net of tax provision of $150 and $145 for the three months ended September 30, 2020 and 2019, respectively, and $450 and $436 for the nine months ended September 30, 2020 and 2019, respectively)
 
569

 
549

 
1,705

 
1,648

Other comprehensive income (loss), net
 
1,432

 
(505
)
 
(107
)
 
696

Net comprehensive loss attributable to noncontrolling interests
 

 
262,081

 

 
254,846

Comprehensive loss attributable to Noble Corporation plc
 
$
(49,436
)
 
$
(445,376
)
 
$
(1,155,846
)
 
$
(667,024
)

See accompanying notes to the unaudited condensed consolidated financial statements.

5



NOBLE CORPORATION PLC AND SUBSIDIARIES (DEBTOR-IN-POSSESSION)
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
(Unaudited)
 
 
 
Nine Months Ended September 30,
 
 
2020
 
2019
Cash flows from operating activities
 
 
 
 
Net loss
 
$
(1,155,739
)
 
$
(922,566
)
Adjustments to reconcile net loss to net cash flow from operating activities:
 
 
 
 
Depreciation and amortization
 
283,652

 
333,481

Loss on impairment
 
1,119,517

 
595,510

Gain on extinguishment of debt, net
 
(17,254
)
 
(30,616
)
Reorganization items, net
 
(11,531
)
 

Deferred income taxes
 
6,825

 
(13,688
)
Amortization of share-based compensation
 
7,352

 
10,422

Other costs, net
 
(53,179
)
 
66,276

Changes in components of working capital:
 
 
 
 
Change in taxes receivable
 
29,581

 
(12,379
)
Net changes in other operating assets and liabilities
 
27,442

 
(57,914
)
Net cash provided by (used in) operating activities
 
236,666

 
(31,474
)
Cash flows from investing activities
 
 
 
 
Capital expenditures
 
(112,603
)
 
(222,587
)
Proceeds from disposal of assets, net
 
1,428

 
9,430

Net cash used in investing activities
 
(111,175
)
 
(213,157
)
Cash flows from financing activities
 
 
 
 
Borrowings on credit facilities
 
210,000

 
455,000

Repayments of credit facilities
 

 
(20,000
)
Repayments of debt
 
(101,132
)
 
(400,000
)
Debt issuance costs
 

 
(1,092
)
Dividends paid to noncontrolling interests
 

 
(25,109
)
Cash paid to settle equity awards
 
(1,010
)
 

Taxes withheld on employee stock transactions
 
(417
)
 
(2,779
)
Net cash provided by financing activities
 
107,441

 
6,020

Net increase (decrease) in cash, cash equivalents and restricted cash
 
232,932

 
(238,611
)
Cash, cash equivalents and restricted cash, beginning of period
 
105,924

 
375,907

Cash, cash equivalents and restricted cash, end of period
 
$
338,856

 
$
137,296


See accompanying notes to the unaudited condensed consolidated financial statements.

6



NOBLE CORPORATION PLC AND SUBSIDIARIES (DEBTOR-IN-POSSESSION)
CONDENSED CONSOLIDATED STATEMENTS OF EQUITY
(In thousands)
(Unaudited)
 
 
Shares
 
Additional
Paid-in
Capital
 
Retained
Earnings
 
Accumulated Other
Comprehensive
Loss
 
Noncontrolling
Interests
 
Total
Equity
 
 
Balance
 
Par Value
 
 
 
 
 
Balance at June 30, 2019
 
249,155

 
$
2,492

 
$
704,511

 
$
3,385,517

 
$
(55,871
)
 
$
391,100

 
$
4,427,749

Employee related equity activity
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Amortization of share-based compensation
 

 

 
2,511

 

 

 

 
2,511

Issuance of share-based compensation shares
 
36

 

 

 

 

 

 

Shares withheld for taxes on equity transactions
 

 

 
(18
)
 

 

 

 
(18
)
Net loss
 

 

 

 
(444,871
)
 

 
(262,081
)
 
(706,952
)
Dividends paid to noncontrolling interests
 

 

 

 

 

 
(7,571
)
 
(7,571
)
Other comprehensive loss, net
 

 

 

 

 
(505
)
 

 
(505
)
Balance at September 30, 2019
 
249,191

 
$
2,492

 
$
707,004

 
$
2,940,646

 
$
(56,376
)
 
$
121,448

 
$
3,715,214

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance at June 30, 2020
 
251,041

 
$
2,510

 
$
811,483

 
$
1,802,905

 
$
(59,928
)
 
$

 
$
2,556,970

Employee related equity activity
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Amortization of share-based compensation
 

 

 
1,500

 

 

 

 
1,500

Issuance of share-based compensation shares
 
21

 

 

 

 

 

 

Shares withheld for taxes on equity transactions
 

 

 

 

 

 

 

Net loss
 

 

 

 
(50,868
)
 

 

 
(50,868
)
Other comprehensive income, net
 

 

 

 

 
1,432

 

 
1,432

Balance at September 30, 2020
 
251,062

 
$
2,510

 
$
812,983

 
$
1,752,037

 
$
(58,496
)
 
$

 
$
2,509,034

See accompanying notes to the unaudited condensed consolidated financial statements.


7



NOBLE CORPORATION PLC AND SUBSIDIARIES (DEBTOR-IN-POSSESSION)
CONDENSED CONSOLIDATED STATEMENTS OF EQUITY - CONTINUED
(In thousands)
(Unaudited)

 
 
Shares
 
Additional
Paid-in
Capital
 
Retained
Earnings
 
Accumulated Other
Comprehensive
Loss
 
Noncontrolling
Interests
 
Total
Equity
 
 
Balance
 
Par Value
 
 
 
 
 
Balance at December 31, 2018
 
246,794

 
$
2,468

 
$
699,409

 
$
3,608,366

 
$
(57,072
)
 
$
401,403

 
$
4,654,574

Employee related equity activity
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Amortization of share-based compensation
 

 

 
10,422

 

 

 

 
10,422

Issuance of share-based compensation shares
 
2,397

 
24

 
(24
)
 

 

 

 

Shares withheld for taxes on equity transactions
 

 

 
(2,803
)
 

 

 

 
(2,803
)
Net loss
 

 

 

 
(667,720
)
 

 
(254,846
)
 
(922,566
)
Dividends paid to noncontrolling interests