Condensed Consolidating Financial Information

12 Months Ended

Dec. 31, 2018

Condensed Financial Information Disclosure [Abstract]

Condensed Consolidating Financial Information

Note 18— Condensed Consolidating Financial Information

Guarantees of Registered Securities

Noble-Cayman, or one or more 100 percent owned subsidiaries of Noble-Cayman, is an issuer, co-issuer or full and unconditional guarantor or otherwise obligated as of December 31, 2018 with respect to registered securities as follows (see “Note 7— Debt” for additional information):

	Issuer
Notes (1)	(Co-Issuer(s))	Guarantor
5.75% Senior Notes due 2018	NHIL	Noble-Cayman
7.50% Senior Notes due 2019 (2)	NHUS	Noble-Cayman
	Noble Drilling Holding, LLC (“NDH”)
	Noble Drilling Services 6 LLC (“NDS6”)
4.90% Senior Notes due 2020	NHIL	Noble-Cayman
4.625% Senior Notes due 2021	NHIL	Noble-Cayman
3.95% Senior Notes due 2022	NHIL	Noble-Cayman
7.75% Senior Notes due 2024	NHIL	Noble-Cayman
7.95% Senior Notes due 2025	NHIL	Noble-Cayman
6.20% Senior Notes due 2040	NHIL	Noble-Cayman
6.05% Senior Notes due 2041	NHIL	Noble-Cayman
5.25% Senior Notes due 2042	NHIL	Noble-Cayman
8.95% Senior Notes due 2045	NHIL	Noble-Cayman

⁽¹⁾ Our 2026 Notes are excluded from this list as they are unregistered securities issued in a non-public offering.

⁽²⁾ In February 2018, the entire remaining principal amount of 2019 Notes were redeemed and, as a result, we have prospectively eliminated NHUS, NDH, and NDS6 as guarantors in the current year presentation of the Condensed Consolidating Financial Information. However, prior year information is presented as previously reported.

The following condensed consolidating financial statements of Noble-Cayman, NHUS, NDH, NHIL, NDS6 and all other subsidiaries present investments in both consolidated and unconsolidated affiliates using the equity method of accounting.

NOBLE CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATING BALANCE SHEET

December 31, 2018

(Unless otherwise indicated, dollar amounts in tables are in thousands, except per share data)

	Noble - Cayman		NHIL		Other Non-guarantor Subsidiaries of Noble			Consolidating Adjustments			Total
ASSETS
Current assets
Cash and cash equivalents	$	—	$	17,818	$	356,557		$	—		$	374,375
Accounts receivable	—		—		200,722			—			200,722
Taxes receivable	—		—		20,498			—			20,498
Short-term notes receivable from affiliates	—		—		3,175,662			(3,175,662		)	—
Accounts receivable from affiliates	275,726		61,046		4,823,902			(5,160,674		)	—
Prepaid expenses and other current assets	—		—		61,917			—			61,917
Total current assets	275,726		78,864		8,639,258			(8,336,336		)	657,512
Property and equipment, at cost	—		—		10,956,412			—			10,956,412
Accumulated depreciation	—		—		(2,475,694		)	—			(2,475,694		)
Property and equipment, net	—		—		8,480,718			—			8,480,718
Notes receivable from affiliates	5,145		—		—			(5,145		)	—
Investments in affiliates	7,716,068		12,300,840		—			(20,016,908		)	—
Other assets	609		—		124,540			—			125,149
Total assets	$	7,997,548	$	12,379,704	$	17,244,516		$	(28,358,389	)	$	9,263,379
LIABILITIES AND EQUITY
Current liabilities
Short-term notes payables to affiliates	$	—	$	3,175,662	$	—		$	(3,175,662	)	$	—
Accounts payable	45		—		125,192			—			125,237
Accrued payroll and related costs	—		—		50,284			—			50,284
Accounts payable to affiliates	3,725,506		1,098,395		336,773			(5,160,674		)	—
Taxes payable	—		—		29,386			—			29,386
Interest payable	3		99,997		100			—			100,100
Other current liabilities	—		—		60,012			—			60,012
Total current liabilities	3,725,554		4,374,054		601,747			(8,336,336		)	365,019
Long-term debt	—		3,817,153		60,249			—			3,877,402
Notes payable to affiliates	—		—		5,145			(5,145		)	—
Deferred income taxes	—		—		91,695			—			91,695
Other liabilities	19,929		—		255,866			—			275,795
Total liabilities	3,745,483		8,191,207		1,014,702			(8,341,481		)	4,609,911
Commitments and contingencies
Total shareholder equity	4,252,065		4,188,497		15,828,411			(20,016,908		)	4,252,065
Noncontrolling interests	—		—		401,403			—			401,403
Total equity	4,252,065		4,188,497		16,229,814			(20,016,908		)	4,653,468
Total liabilities and equity	$	7,997,548	$	12,379,704	$	17,244,516		$	(28,358,389	)	$	9,263,379

NOBLE CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATING BALANCE SHEET

December 31, 2017

(Unless otherwise indicated, dollar amounts in tables are in thousands, except per share data)

	Noble- Cayman		NHUS		NDH			NHIL		NDS6		Other Non-guarantor Subsidiaries of Noble			Consolidating Adjustments			Total
ASSETS
Current assets
Cash and cash equivalents	$	11	$	—	$	23,160		$	29,324	$	—	$	609,516		$	—		$	662,011
Accounts receivable	—		—		24,722			—		—		179,974			—			204,696
Taxes receivable	—		93,302		3			—		—		12,040			—			105,345
Short-term notes receivable from affiliates	—		—		119,476			—		2,373,452		—			(2,492,928		)	—
Accounts receivable from affiliates	594,456		1,454		144,367			60,945		465,749		5,813,846			(7,080,817		)	—
Prepaid expenses and other current assets	—		—		1,477			—		1		63,963			—			65,441
Total current assets	594,467		94,756		313,205			90,269		2,839,202		6,679,339			(9,573,745		)	1,037,493
Property and equipment, at cost	—		—		857,784			—		—		11,176,547			—			12,034,331
Accumulated depreciation	—		—		(110,005		)	—		—		(2,435,086		)	—			(2,545,091		)
Property and equipment, net	—		—		747,779			—		—		8,741,461			—			9,489,240
Notes receivable from affiliates	3,177,248		—		1,199,815			—		3,943,299		1,175,300			(9,495,662		)	—
Investments in affiliates	4,933,978		4,550,358		5,252,135			12,560,598		7,237,474		—			(34,534,543		)	—
Other assets	2,663		16,775		8,372			—		—		238,718			—			266,528
Total assets	$	8,708,356	$	4,661,889	$	7,521,306		$	12,650,867	$	14,019,975	$	16,834,818		$	(53,603,950	)	$	10,793,261
LIABILITIES AND EQUITY
Current liabilities
Short-term notes payables to affiliates	$	—	$	1,605,243	$	—		$	—	$	—	$	887,685		$	(2,492,928	)	$	—
Current maturities of long-term debt	—		—		—			249,843		—		—			—			249,843
Accounts payable	—		—		1,467			—		—		82,406			—			83,873
Accrued payroll and related costs	—		—		4,780			—		—		50,124			—			54,904
Accounts payable to affiliates	3,410,669		393,073		1,770,066			661,375		—		845,634			(7,080,817		)	—
Taxes payable	—		—		—			—		—		33,965			—			33,965
Interest payable	2,211		—		—			83,960		12,018		—			—			98,189
Other current liabilities	—		—		5,169			—		—		66,297			—			71,466
Total current liabilities	3,412,880		1,998,316		1,781,482			995,178		12,018		1,966,111			(9,573,745		)	592,240
Long-term debt	—		—		—			3,594,332		201,535		—			—			3,795,867
Notes payable to affiliates	—		700,000		474,637			3,175,663		—		5,145,362			(9,495,662		)	—
Deferred income taxes	—		—		5			—		—		164,957			—			164,962
Other liabilities	19,929		—		30,330			—		—		239,919			—			290,178
Total liabilities	3,432,809		2,698,316		2,286,454			7,765,173		213,553		7,516,349			(19,069,407		)	4,843,247
Commitments and contingencies
Total shareholder equity	5,275,547		1,963,573		5,234,852			4,885,694		13,806,422		8,644,002			(34,534,543		)	5,275,547
Noncontrolling interests	—		—		—			—		—		674,467			—			674,467
Total equity	5,275,547		1,963,573		5,234,852			4,885,694		13,806,422		9,318,469			(34,534,543		)	5,950,014
Total liabilities and equity	$	8,708,356	$	4,661,889	$	7,521,306		$	12,650,867	$	14,019,975	$	16,834,818		$	(53,603,950	)	$	10,793,261

NOBLE CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS and COMPREHENSIVE INCOME (LOSS)

Year Ended December 31, 2018

(Unless otherwise indicated, dollar amounts in tables are in thousands, except per share data)

	Noble- Cayman			NHIL			Other Non-guarantor Subsidiaries of Noble			Consolidating Adjustments			Total
Operating revenues
Contract drilling services	$	—		$	—		$	1,036,082		$	—		$	1,036,082
Reimbursables and other	—			—			46,744			—			46,744
Total operating revenues	—			—			1,082,826			—			1,082,826
Operating costs and expenses
Contract drilling services	2			(22		)	628,148			—			628,128
Reimbursables	—			—			37,084			—			37,084
Depreciation and amortization	—			—			482,660			—			482,660
General and administrative	57			214			37,932			—			38,203
Loss on impairment	—			—			802,133			—			802,133
Total operating costs and expenses	59			192			1,987,957			—			1,988,208
Operating loss	(59		)	(192		)	(905,131		)	—			(905,382		)
Other income (expense)
Income (loss) of unconsolidated affiliates - continuing operations	(2,738,475		)	(258,687		)	—			2,997,162			—
Interest expense, net of amounts capitalized	(1,324		)	(449,824		)	(1,911,822		)	2,065,359			(297,611		)
Gain (loss) on extinguishment of debt, net	(2,336		)	12,651			(12,108		)	—			(1,793		)
Interest income and other, net	1,897,709			(74		)	176,006			(2,065,359		)	8,282
Income (loss) before income taxes	(844,485		)	(696,126		)	(2,653,055		)	2,997,162			(1,196,504		)
Income tax benefit (provision)	—			—			106,534			—			106,534
Net income (loss)	(844,485		)	(696,126		)	(2,546,521		)	2,997,162			(1,089,970		)
Net income attributable to noncontrolling interests	—			—			245,485			—			245,485
Net income (loss) attributable to Noble Corporation	(844,485		)	(696,126		)	(2,301,036		)	2,997,162			(844,485		)
Other comprehensive income (loss), net	(8,644		)	—			(8,644		)	8,644			(8,644		)
Comprehensive income (loss) attributable to Noble Corporation	$	(853,129	)	$	(696,126	)	$	(2,309,680	)	$	3,005,806		$	(853,129	)

NOBLE CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS and COMPREHENSIVE INCOME (LOSS)

Year Ended December 31, 2017

(Unless otherwise indicated, dollar amounts in tables are in thousands, except per share data)

	Noble- Cayman			NHUS			NDH			NHIL			NDS6			Other Non-guarantor Subsidiaries of Noble			Consolidating Adjustments			Total
Operating revenues
Contract drilling services	$	—		$	—		$	168,592		$	—		$	—		$	1,086,320		$	(47,886	)	$	1,207,026
Reimbursables and other	—			—			3,443			—			—			26,446			—			29,889
Total operating revenues	—			—			172,035			—			—			1,112,766			(47,886		)	1,236,915
Operating costs and expenses
Contract drilling services	304			12,090			43,161			3,115			—			629,699			(47,886		)	640,483
Reimbursables	—			—			1,992			—			—			16,443			—			18,435
Depreciation and amortization	—			—			58,236			—			—			484,883			—			543,119
General and administrative	129			5,761			—			1,588			9			33,600			—			41,087
Loss on impairment	—			—			45,012			—			—			76,627			—			121,639
Total operating costs and expenses	433			17,851			148,401			4,703			9			1,241,252			(47,886		)	1,364,763
Operating income (loss)	(433		)	(17,851		)	23,634			(4,703		)	(9		)	(128,486		)	—			(127,848		)
Other income (expense)
Income (loss) of unconsolidated affiliates - continuing operations	(476,382		)	(528,702		)	82,596			188,809			17,874			—			715,805			—
Income (loss) of unconsolidated affiliates - discontinued operations, net of tax	2,967			4,566			—			—			—			—			(7,533		)	—
Interest expense, net of amounts capitalized	(10,951		)	(32,838		)	(13,493		)	(430,580		)	(15,288		)	(130,442		)	341,603			(291,989		)
Interest income and other, net	10,483			(141		)	87,287			4,771			224,772			22,164			(341,603		)	7,733
Income (loss) before income taxes	(474,316		)	(574,966		)	180,024			(241,703		)	227,349			(236,764		)	708,272			(412,104		)
Income tax benefit (provision)	—			241,960			(440		)	—			—			(284,115		)	—			(42,595		)
Net income (loss) from continuing operations	(474,316		)	(333,006		)	179,584			(241,703		)	227,349			(520,879		)	708,272			(454,699		)
Net income (loss) from discontinuing operations, net of tax	—			(1,598		)	—			—			—			4,565			—			2,967
Net income (loss)	(474,316		)	(334,604		)	179,584			(241,703		)	227,349			(516,314		)	708,272			(451,732		)
Net income attributable to noncontrolling interests	—			—			—			—			—			(20,589		)	(1,995		)	(22,584		)
Net income (loss) attributable to Noble Corporation	(474,316		)	(334,604		)	179,584			(241,703		)	227,349			(536,903		)	706,277			(474,316		)
Other comprehensive income (loss), net	9,252			—			—			—			—			9,252			(9,252		)	9,252
Comprehensive income (loss) attributable to Noble Corporation	$	(465,064	)	$	(334,604	)	$	179,584		$	(241,703	)	$	227,349		$	(527,651	)	$	697,025		$	(465,064	)

NOBLE CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENT OF INCOME and COMPREHENSIVE INCOME (LOSS)

Year Ended December 31, 2016

(Unless otherwise indicated, dollar amounts in tables are in thousands, except per share data)

	Noble- Cayman			NHUS			NDH			NHIL			NDS6			Other Non-guarantor Subsidiaries of Noble			Consolidating Adjustments			Total
Operating revenues
Contract drilling services	$	—		$	—		$	250,049		$	—		$	—		$	2,086,848		$	(94,697	)	$	2,242,200
Reimbursables and other	—			—			9,190			—			—			51,375			—			60,565
Total operating revenues	—			—			259,239			—			—			2,138,223			(94,697		)	2,302,765
Operating costs and expenses
Contract drilling services	4,532			18,902			70,801			84,309			—			788,065			(94,697		)	871,912
Reimbursables	—			—			8,231			—			—			37,268			—			45,499
Depreciation and amortization	—			—			91,802			—			—			519,211			—			611,013
General and administrative	1,264			8,716			—			40,082			1			(4,018		)	—			46,045
Loss on impairment	—			—			—			—			—			1,458,749			—			1,458,749
Total operating costs and expenses	5,796			27,618			170,834			124,391			1			2,799,275			(94,697		)	3,033,218
Operating income (loss)	(5,796		)	(27,618		)	88,405			(124,391		)	(1		)	(661,052		)	—			(730,453		)
Other income (expense)
Income (loss) of unconsolidated affiliates	(962,662		)	(257,142		)	(980,099		)	(333,446		)	515,518			—			2,017,831			—
Interest expense, net of amounts capitalized	(27,891		)	(70,494		)	(11,461		)	(228,423		)	(15,117		)	(122,345		)	252,816			(222,915		)
Gain on extinguishment of debt, net	—			—			—			17,814			—			—			—			17,814
Interest income and other, net	96,635			120			12,616			20,412			15,058			106,359			(252,816		)	(1,616		)
Income (loss) before income taxes	(899,714		)	(355,134		)	(890,539		)	(648,034		)	515,458			(677,038		)	2,017,831			(937,170		)
Income tax benefit (provision)	—			(42,522		)	163			—			—			151,522			—			109,163
Net income (loss)	(899,714		)	(397,656		)	(890,376		)	(648,034		)	515,458			(525,516		)	2,017,831			(828,007		)
Net (income) loss attributable to noncontrolling interests	—			—			—			—			—			(39,294		)	(32,413		)	(71,707		)
Net income (loss) attributable to Noble Corporation	(899,714		)	(397,656		)	(890,376		)	(648,034		)	515,458			(564,810		)	1,985,418			(899,714		)
Other comprehensive income (loss), net	11,035			—			—			—			—			11,035			(11,035		)	11,035
Comprehensive income (loss) attributable to Noble Corporation	$	(888,679	)	$	(397,656	)	$	(890,376	)	$	(648,034	)	$	515,458		$	(553,775	)	$	1,974,383		$	(888,679	)

NOBLE CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

Year Ended December 31, 2018

(Unless otherwise indicated, dollar amounts in tables are in thousands)

	Noble- Cayman			NHIL			Other Non-guarantor Subsidiaries of Noble			Consolidating Adjustments		Total
Cash flows from operating activities
Net cash provided by (used in) operating activities	$	1,920,724		$	(426,298	)	$	(1,281,667	)	$	—	$	212,759
Cash flows from investing activities
Capital expenditures	—			—			(194,779		)	—		(194,779		)
Proceeds from disposal of assets	—			—			5,402			—		5,402
Net cash used in investing activities	—			—			(189,377		)	—		(189,377		)
Cash flows from financing activities
Issuance of senior notes	—			750,000			—			—		750,000
Repayment of long-term debt	—			(759,053		)	(213,655		)	—		(972,708		)
Debt issuance costs	(845		)	(13,027		)	(1,767		)	—		(15,639		)
Dividends paid to noncontrolling interests	—			—			(27,579		)	—		(27,579		)
Distribution to parent company, net	(44,417		)	—			—			—		(44,417		)
Advances (to) from affiliates	(1,875,473		)	436,872			1,438,601			—		—
Net cash provided by (used in) financing activities	(1,920,735		)	414,792			1,195,600			—		(310,343		)
Net change in cash, cash equivalents and restricted cash	(11		)	(11,506		)	(275,444		)	—		(286,961		)
Cash, cash equivalents and restricted cash, beginning of period	11			29,324			632,676			—		662,011
Cash, cash equivalents and restricted cash, end of period	$	—		$	17,818		$	357,232		$	—	$	375,050

NOBLE CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

Year Ended December 31, 2017

(Unless otherwise indicated, dollar amounts in tables are in thousands)

	Noble- Cayman			NHUS			NDH			NHIL			NDS6			Other Non-guarantor Subsidiaries of Noble			Consolidating Adjustments		Total
Cash flows from operating activities
Net cash provided by (used in) operating activities	$	32,195		$	100,883		$	209,898		$	(403,391	)	$	217,080		$	298,409		$	—	$	455,074
Cash flows from investing activities
Capital expenditures	—			—			(3,622		)	—			—			(117,085		)	—		(120,707		)
Proceeds from disposal of assets	—			—			46			—			—			2,336			—		2,382
Net cash used in investing activities	—			—			(3,576		)	—			—			(114,749		)	—		(118,325		)
Cash flows from financing activities
Repayment of long-term debt	—			—			—			(300,000		)	—			—			—		(300,000		)
Debt issuance costs on senior notes and credit facilities	—			—			—			(42		)	—			—			—		(42		)
Dividends paid to noncontrolling interests	—			—			—			—			—			(56,881		)	—		(56,881		)
Contributions from parent company, net	28,352			—			—			—			—			—			—		28,352
Advances (to) from affiliates	(63,073		)	(100,883		)	(194,017		)	732,757			(217,080		)	(157,704		)	—		—
Net cash provided by (used in) financing activities	(34,721		)	(100,883		)	(194,017		)	432,715			(217,080		)	(214,585		)	—		(328,571		)
Net change in cash, cash equivalents and restricted cash	(2,526		)	—			12,305			29,324			—			(30,925		)	—		8,178
Cash, cash equivalents and restricted cash, beginning of period	2,537			—			10,855			—			—			640,441			—		653,833
Cash, cash equivalents and restricted cash, end of period	$	11		$	—		$	23,160		$	29,324		$	—		$	609,516		$	—	$	662,011

NOBLE CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

Year Ended December 31, 2016

(Unless otherwise indicated, dollar amounts in tables are in thousands)

	Noble- Cayman			NHUS			NDH			NHIL			NDS6			Other Non-guarantor Subsidiaries of Noble			Consolidating Adjustments		Total
Cash flows from operating activities
Net cash provided by (used in) operating activities	$	97,388		$	(150,735	)	$	149,431		$	(344,112	)	$	(60	)	$	1,421,023		$	—	$	1,172,935
Cash flows from investing activities
Capital expenditures	—			—			(492,985		)	—			—			(218,418		)	—		(711,403		)
Proceeds from disposal of assets	—			—			—			—			—			24,808			—		24,808
Net cash provided by (used in) investing activities	—			—			(492,985		)	—			—			(193,610		)	—		(686,595		)
Cash flows from financing activities
Repayment of long-term debt	—			—			—			(1,049,338		)	—			—			—		(1,049,338		)
Issuance of senior notes	—			—			—			980,100			—			—			—		980,100
Tender offer premium	—			—			—			(24,649		)	—			—			—		(24,649		)
Debt issuance costs on senior notes and credit facilities	—			—			—			(12,111		)	—			—			—		(12,111		)
Dividends paid to noncontrolling interests	—			—			—			—			—			(85,944		)	—		(85,944		)
Distributions to parent company, net	(152,360		)	—			—			—			—			—			—		(152,360		)
Advances (to) from affiliates	55,882			150,735			352,308			450,110			60			(1,009,095		)	—		—
Net cash provided by (used in) financing activities	(96,478		)	150,735			352,308			344,112			60			(1,095,039		)	—		(344,302		)
Net change in cash, cash equivalents and restricted cash	910			—			8,754			—			—			132,374			—		142,038
Cash, cash equivalents and restricted cash, beginning of period	1,627			—			2,101			—			—			508,067			—		511,795
Cash, cash equivalents and restricted cash, end of period	$	2,537		$	—		$	10,855		$	—		$	—		$	640,441		$	—	$	653,833

Revision of Prior Period Financial Statements

During the preparation of our 2018 financial statements, we identified a computational error that resulted in misstatements of certain line items on the Consolidated Statements of Cash Flows for Noble Corporation (Cayman) for the years ended December 31, 2017 and 2016. These errors did not impact our cash, cash equivalents and restricted cash balances. We assessed the materiality of the misstatements and concluded the misstatements were immaterial to the previously issued financial statements.

We have revised the Consolidated Statements of Cash Flows for the years ended December 31, 2017 and 2016. The impacts on the Consolidated Statements of Cash Flows and related notes to the financial statements are presented below:

	Year Ended December 31, 2017
	As Reported - Noble Corporation (Cayman)
	Noble- Cayman		NHUS		NDH			NHIL			NDS6		Other Non-guarantor Subsidiaries of Noble			Consolidating Adjustments		Total
Cash flow from operating activities
Net cash provided by (used in) operating activities	$	32,195	$	100,883	$	209,898		$	(403,391	)	$	217,080	$	335,672		$	—	$	492,337
Cash flows from investing activities
Capital expenditures	—		—		(3,622		)	—			—		(154,348		)	—		(157,970		)
Net cash used in investing activities	—		—		(3,576		)	—			—		(152,012		)	—		(155,588		)
	Adjustments - Noble Corporation (Cayman)
	Noble- Cayman		NHUS		NDH			NHIL			NDS6		Other Non-guarantor Subsidiaries of Noble			Consolidating Adjustments		Total
Cash flow from operating activities
Net cash provided by (used in) operating activities	—		—		—			—			—		(37,263		)	—		(37,263		)
Cash flows from investing activities
Capital expenditures	—		—		—			—			—		37,263			—		37,263
Net cash used in investing activities	—		—		—			—			—		37,263			—		37,263
	As Revised - Noble Corporation (Cayman)
	Noble- Cayman		NHUS		NDH			NHIL			NDS6		Other Non-guarantor Subsidiaries of Noble			Consolidating Adjustments		Total
Cash flow from operating activities
Net cash provided by (used in) operating activities	32,195		100,883		209,898			(403,391		)	217,080		298,409			—		455,074
Cash flows from investing activities
Capital expenditures	—		—		(3,622		)	—			—		(117,085		)	—		(120,707		)
Net cash used in investing activities	—		—		(3,576		)	—			—		(114,749		)	—		(118,325		)

	Year Ended December 31, 2016
	As Reported - Noble Corporation (Cayman)
	Noble- Cayman		NHUS			NDH			NHIL			NDS6			Other Non-guarantor Subsidiaries of Noble			Consolidating Adjustments		Total
Cash flow from operating activities
Net cash provided by (used in) operating activities	$	97,388	$	(150,735	)	$	149,431		$	(344,112	)	$	(60	)	$	1,404,359		$	—	$	1,156,271
Cash flows from investing activities
Capital expenditures	—		—			(492,985		)	—			—			(201,754		)	—		(694,739		)
Net cash used in investing activities	—		—			(492,985		)	—			—			(176,946		)	—		(669,931		)
	Adjustments - Noble Corporation (Cayman)
	Noble- Cayman		NHUS			NDH			NHIL			NDS6			Other Non-guarantor Subsidiaries of Noble			Consolidating Adjustments		Total
Cash flow from operating activities
Net cash provided by (used in) operating activities	$	—	$	—		$	—		$	—		$	—		$	16,664		$	—	$	16,664
Cash flows from investing activities
Capital expenditures	—		—			—			—			—			(16,664		)	—		(16,664		)
Net cash used in investing activities	—		—			—			—			—			(16,664		)	—		(16,664		)
	As Revised - Noble Corporation (Cayman)
	Noble- Cayman		NHUS			NDH			NHIL			NDS6			Other Non-guarantor Subsidiaries of Noble			Consolidating Adjustments		Total
Cash flow from operating activities
Net cash provided by (used in) operating activities	$	97,388	$	(150,735	)	$	149,431		$	(344,112	)	$	(60	)	$	1,421,023		$	—	$	1,172,935
Cash flows from investing activities
Capital expenditures	—		—			(492,985		)	—			—			(218,418		)	—		(711,403		)
Net cash used in investing activities	—		—			(492,985		)	—			—			(193,610		)	—		(686,595		)