Filing Flows

Filing Flows › Companies › Seadrill › Cash flow

Seadrill cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$195M in Q3 2026 · $115M over twelve months

Operating cash flow$195M
Free cash flow+$195M

Analysis

In Q3 2026, Seadrill generated $195M of operating cash flow. That is $167M more than in Q3 2025 ($28.0M).

Over the twelve months to Sep 30, 2026, operating cash flow was $115M; the largest uses were net borrowing (+) / repaid (−) ($575M), other investing ($76.0M), buybacks ($42.0M); besides operations, cash came from other financing ($659M); the cash balance rose by $78.0M.

Operating cash flow was $195M against net income of −$30.0M. The largest differences: other liabilities +$79.0M, depreciation & amortization +$77.0M, receivables +$72.0M.

Free cash flow

Seadrill: free cash flow by quarterSeadrill: free cash flow by quarter$7.0MQ4 2024−$27.0MQ1 2025$11.0MQ2 2025$28.0MQ3 2025−$40.0MQ4 2025−$22.0MQ1 2026−$18.0MQ2 2026$195MQ3 2026
Operating cash flow less capital spending.
Seadrill: operating cash flow against capital spendingSeadrill: operating cash flow against capital spendingOperating cash flowCapital spending$7.0M$0Q4 2024−$27.0M$0Q1 2025$11.0M$0Q2 2025$28.0M$0Q3 2025−$40.0M$0Q4 2025−$22.0M$0Q1 2026−$18.0M$0Q2 2026$195M$0Q3 2026
Latest (Q3 2026): Operating cash flow $195M, Capital spending $0.

Capital allocation, year by year

Seadrill: where the cash came from (up) and went (down), by fiscal yearSeadrill: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingAsset salesCapital spendingBuybacksFY2020: Operating cash flow −$420MFY2020: Capital spending −$137MFY2020FY2021: Operating cash flow −$154MFY2021: Asset sales $43.0MFY2021: Capital spending −$84.0M$43.0MFY2021FY2023: Operating cash flow $287MFY2023: Net borrowing $98.0MFY2023: Asset sales $14.0MFY2023: Buybacks −$263M$399MFY2023FY2024: Operating cash flow $88.0MFY2024: Asset sales $383MFY2024: Buybacks −$532M$471MFY2024FY2025: Operating cash flow −$28.0MFY2025: Asset sales $1.0M$1.0MFY2025
Over these 5 years operating cash flow totalled −$227M; the largest uses were buybacks ($795M) and operating cash flow ($602M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$483M
Debt$737M
Net debt$254M

Seadrill funds itself: free cash flow was $115M over the last twelve months, and $483M of cash and investments stands against $737M of debt.

Where the cash came from and went

Seadrill: sources (+) and uses (−) of cash, Q3 2026Seadrill: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$195MCash drawn (+) / kept (−)−$146MBuybacks−$25.0MOther investing−$16.0MOther financing−$8.0M
Seadrill: sources (+) and uses (−) of cash, TTM to Q3 2026Seadrill: sources (+) and uses (−) of cash, TTM to Q3 2026Other financing$659MNet borrowing (+) / repaid (−)−$575MOperating cash flow$115MCash drawn (+) / kept (−)−$78.0MOther investing−$76.0MBuybacks−$42.0MTaxes on employees’ shares−$5.0MNot reconciled$2.0M

From profit to cash

Seadrill: net income to operating cash flow, Q3 2026Seadrill: net income to operating cash flow, Q3 2026Net income−$30.0MDepreciation & amortization$77.0MStock-based pay$4.0MDeferred taxes$7.0MReceivables$72.0MPayables$17.0MDeferred revenue$9.0MPrepaid and other assets−$7.0MOther liabilities$79.0MOperating cash flow$195M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowBuybacksCash drawn (+) / kept (−)Free cash flow
Q3 2026$195M−$25.0M−$146M$195M
Q2 2026−$18.0M—−$31.0M−$18.0M
Q1 2026−$22.0M—$36.0M−$22.0M
Q4 2025−$40.0M—$63.0M−$40.0M
Q3 2025$28.0M—−$9.0M$28.0M
Q2 2025$11.0M—$11.0M$11.0M
Q1 2025−$27.0M—$75.0M−$27.0M
Q4 2024$7.0M−$101M$87.0M$7.0M

Seadrill: income statement and cash flow

Seadrill, Q3 2026: revenue $428M (+18% year over year), operating margin 10.3%. The chart follows the revenue to costs, profit and cash.

Seadrill: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.