Seadrill (SDRL) Asset Writedowns and Impairment (2017 - 2022)
Seadrill recorded quarterly Asset Writedowns and Impairment of $1.0 million in Q4 2022, up 200.0% quarter-over-quarter from -$1.0 million in Q1 2022, and down 99.46% year-over-year from $186.0 million in Q4 2021.
Seadrill's Asset Writedowns and Impairment history runs 5 years deep, the most recent figure standing at $1.0 million for Q4 2022.
- In Q4 2022, Asset Writedowns and Impairment fell 99.46% year-over-year to $1.0 million; the TTM figure through Dec 2022 stood at $186.0 million (up 107.38% YoY), while the FY2025 annual figure was $22.0 million, changed N/A from the prior year.
- Asset Writedowns and Impairment came in at $1.0 million for Q4 2022 at Seadrill, up from -$1.0 million in the prior quarter.
- In the past five years, Asset Writedowns and Impairment ranged from a high of $1.2 billion in Q1 2020 to a low of -$2.9 billion in Q4 2020.
- A 4-year average of -$243.3 million and a median of $1.0 million in 2022 frame the typical range for Asset Writedowns and Impairment.
- Across the five-year window, Asset Writedowns and Impairment surged 106.51% in 2021 and tumbled 99.46% in 2022, its largest moves.
- Seadrill's Asset Writedowns and Impairment stood at -$414.0 million in 2018, then tumbled by 590.1% to -$2.9 billion in 2020, then soared by 106.51% to $186.0 million in 2021, then sank by 99.46% to $1.0 million in 2022.
- According to Business Quant data, Asset Writedowns and Impairment over the past three periods registered $1.0 million, -$1.0 million, and $186.0 million for Q4 2022, Q1 2022, and Q4 2021 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Precision Drilling | 157.47 Bn | 157.41 Bn | 120.82 Mn |
| 2 | Noble | 8.34 Bn | 7.67 Bn | 755.58 Mn |
| 3 | Transocean | 7.55 Bn | 6.94 Bn | 475.00 Mn |
| 4 | Patterson Uti Energy | 4.63 Bn | 4.30 Bn | 535.85 Mn |
| 5 | Helmerich & Payne | 3.96 Bn | 3.86 Bn | 907.56 Mn |
| 6 | Seadrill | 3.20 Bn | 2.87 Bn | 177.00 Mn |
| 7 | Sable Offshore | 2.10 Bn | 2.05 Bn | -66.76 Mn |
| 8 | Nabors Industries | 1.49 Bn | 1.37 Bn | 290.08 Mn |
| 9 | Borr Drilling | 1.48 Bn | 1.10 Bn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2022 | 1.00 Mn |
| Dec 31, 2022 | 1.00 Mn |
| Feb 22, 2022 | -1.00 Mn |
| Feb 22, 2022 | -1.00 Mn |
| Dec 31, 2021 | 186.00 Mn |
| Dec 31, 2021 | 186.00 Mn |
| Jun 30, 2021 | 152.00 Mn |
| Jun 30, 2021 | 152.00 Mn |
| Dec 31, 2020 | -2.86 Bn |
| Dec 31, 2020 | -2.86 Bn |
| Mar 31, 2020 | 1.23 Bn |
| Mar 31, 2020 | 1.23 Bn |
| Jun 30, 2018 | -414.00 Mn |
| Jun 30, 2018 | -414.00 Mn |
| Dec 31, 2017 | -696.00 Mn |
| Dec 31, 2017 | -696.00 Mn |