transocean equity, debt and subsidiaries

Accuracy score :
97%

Transocean Ltd (founded in 1973) is the world's largest offshore drilling contractors and is based in Vernier, Switzerland. The company has offices in 20 countries, including Switzerland, Canada, United States, Norway, Scotland, Brazil, Singapore, Indonesia and Malaysia.

 

On 23 November 2015 Transocean announced that it intent to delist its shares from the SIX Swiss Exchange due to financial reasons. The delisting will be effective on March 30, 2016. After the delisting the shares will be removed from the Swiss blue-chip index Swiss Market Index.

 

President & CEO: Jeremy D Thigpen

Revenue: US$7.386 billion

Operating Income: US$1.380 billion

Profit: US$0.791 billion

Total Assets: US$26.329 billion

 

Subsidiaries:

Transocean is comprised of Transocean Ltd., a company incorporated under the laws of Switzerland and the ultimate parent of the group, and its subsidiaries, all of which are unlisted, except for Transocean Partners LLC, a consolidated Marshall Islands limited liability company with registered office in Majuro, Marshall Islands, whose common units are listed on the NYSE (security number 24771435; ISIN Code MHY8977Y1005). Transocean Partners has issued a total of 68,965,517 units, consisting of 41,379,310 common units and 27,586,207 subordinated units. Following an initial public offering to sell a non-controlling interest in Transocean Partners, the parent company holds 21.3 million common units and 27.6 million subordinated units of Transocean Partners, representing a 70.8% limited liability company interest (worth $700 million depending on RIGP share price), and all of Transocean Partners’ incentive distribution rights. The remaining 20.1 million common units of Transocean Partners, representing a 29.2% limited liability company interest, trade on the NYSE under the ticker symbol ‘‘RIGP.’’ As of December 31, 2014, Transocean Partners had a market capitalization of approximately USD 1.0 billion.

Subsidiary

Jurisdiction

Equity (USD)

Stake (%)

Covent Garden - Servicos e Marketing, Sociedade Unipessoal Lda

Portugal

229,199,506.33

100

GlobalSantaFe Drilling Venezuela, C.A.

Venezuela

1,926,103,678.40

100

GlobalSantaFe West Africa Drilling Limited

Bahamas

333,500,010.00

100

GSF Leasing Services GmbH

Switzerland

968,383,552.34

100

Platform Capital N.V.

Netherlands Antilles

249,600,734.00

100

Transocean Brasil Ltda.

Brazil

108,456,148.23

100

Transocean Financing GmbH

Switzerland

498,857,875.28

100

Transocean Offshore International Ventures Limited

Cayman Islands

591,504,000.00

100

Triton Asset Leasing GmbH

Switzerland

1,171,269,197.08

100

Triton Financing LLC

Hungary

593,268,018.92

100

Triton Hungary Asset Management LLC

Hungary

1,750,015,000.00

100

Triton Nautilus Asset Leasing GmbH

Switzerland

360,736,426.51

100

Triton Nautilus Asset Management LLC

Hungary

520,020,447.00

100

Total Equity Interest in Subsidiaries: 9,513,668,418 USD

 

Long Term Debt: 7,397,000,000 USD

Short Term Debt: 1,093,000,000 USD

 

Thoughts on the company:

Despite an oil price decline in the past year, Transocean just reported solid earnings growth for the end of 2015. The company reduced operating costs, capital expenditures, and cut costs overall to beat analyst estimates in the fourth-quarter. Transocean appears to be resilient, even in the challenging oil market.   Interesting asset management company subsidiary :)

 

Source:

http://media.corporate-ir.net/media_files/IROL/11/113031/AR2015/images/Transocean-2015.pdf

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