Borr Drilling Ltd cash flow statement

In fiscal 2025, Borr Drilling Ltd's operations generated $252m of cash; it spent $88.2m on capital projects, leaving free cash flow of $164m. It returned $4.7m in dividends and $200,000 through buybacks.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Borr Drilling Ltd: cash flow statement, annual
Fiscal year	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash from operations	−185	−135	−89	−55	−59	63	−51	77	252
Depreciation and amortisation	21	80	101	118	120	117	117	131	148
Stock-based pay	8	4	4	1	1	3	6	9	11
Capital spending	120	23	127	37	19	82	111	55	88
Free cash flow	−305	−159	−216	−92	−78	−19	−162	23	164
Free cash flow after stock pay	−313	−162	−220	−93	−79	−22	−168	13	152
Dividends paid	—	—	—	—	—	0	0	76	5
Share buybacks	8	20	0	0	0	0	1	20	0
Shares issued	—	—	—	60	45	298	60	0	187

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Borr Drilling Ltd's SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to Borr Drilling Ltd.