Supplemental Financial Information

6 Months Ended

Jun. 30, 2022

Supplemental Financial Information [Abstract]

Supplemental Financial Information

Note 13— Supplemental Financial Information

Condensed Consolidated Balance Sheets Information

Both of Noble’s and Finco’s restricted cash balances as of June 30, 2022 and December 31, 2021 were $4.6 million and $2.6 million, respectively. All restricted cash is recorded in “Prepaid expenses and other current assets.”

Condensed Consolidated Statements of Cash Flows Information

Operating cash activities

The net effect of changes in other assets and liabilities on cash flows from operating activities is as follows:

	Noble
	Successor				Predecessor
			Period From		Period From
	Six Months		February 6, 2021		January 1, 2021
	Ended		through		through
	June 30, 2022		June 30, 2021		February 5, 2021
Accounts receivable	$	(58,361)	$	826	$	(41,344)
Other current assets	2,239		3,285		17,884
Other assets	(3,971)		(12,824)		8,521
Accounts payable	19,221		17,243		(16,819)
Other current liabilities	(17,281)		25,634		11,428
Other liabilities	25,823		9,875		(5,846)
Total net change in assets and liabilities	$	(32,330)	$	44,039	$	(26,176)

	Finco
	Successor				Predecessor
			Period From		Period From
	Six Months		February 6, 2021		January 1, 2021
	Ended		through		through
	June 30, 2022		June 30, 2021		February 5, 2021
Accounts receivable	$	(58,361)	$	826	$	(41,344)
Other current assets	1,022		(683)		19,398
Other assets	(3,917)		(12,814)		8,512
Accounts payable	14,090		19,632		(14,061)
Other current liabilities	(17,386)		25,634		11,623
Other liabilities	26,051		9,718		(5,936)
Total net change in assets and liabilities	$	(38,501)	$	42,313	$	(21,808)

Non-cash investing and financing activities

Additions to property and equipment, at cost for which we had accrued a corresponding liability in accounts payable as of June 30, 2022 and December 31, 2021 were $33.0 million and $36.5 million, respectively.

Additions to property and equipment, at cost for which we had accrued a corresponding liability in accounts payable as of June 30, 2021, February 5, 2021 and December 31, 2020 were $38.6 million, $31.0 million and $35.3 million, respectively.

On the Effective Date, an aggregate principal amount of $216.0 million of Second Lien Notes was issued, which includes the aggregate subscription price of $200.0 million, plus a backstop fee of $16.0 million which was paid in kind.

On April 15, 2021, Noble completed the Pacific Drilling Merger, issuing 16.6 million Ordinary Shares valued at $357.7 million, in exchange for $420.0 million net assets acquired. See “Note 2— Acquisitions and Divestitures” for additional information.