Company Information

  

Address: C/O OCEAN RIG MGMT SERVICES SEZC LTD.
3RD FLOOR FLAGSHIP BUILDING HARBOUR DR. 
City: GRAND CAYMAN 
State:  
Zip Code: KY1-1104 
Telephone: 011 345 327 9232 

Description of Business

Primary SIC Code: 1381
(As filed with the SEC)  

Ocean Rig UDW Inc., a corporation organized under the laws of the Republic of the Marshall Islands, was formed on December 10, 2007 under the name Primelead Shareholders Inc. Primelead Shareholders Inc. was formed in December 2007 for the purpose of acquiring the shares of our predecessor, Ocean Rig ASA, which was incorporated in September 1996 under the laws of Norway. We acquired control of Ocean Rig ASA on May 14, 2008. Prior to the private offering of our common shares in December 2010, discussed below, we were a wholly-owned subsidiary of DryShips. Our shares commenced trading on the NASDAQ Global Select Market under the symbol "ORIG" on October 6, 2011. As of March 30, 2016, DryShips, our former parent company, owned approximately 40.4% of our outstanding common shares. Each of our drilling units is owned by a separate wholly-owned vessel-owning subsidiary.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
12/2016--NAN/E

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2016 Leverage 2016
Net Inc/Comm Equity-0.92Total Liab/Total Assets1.00
Net Inc/Total Assets-0.79Total Liab/Inv Cap1.55
Net Inc/Inv Cap-1.23Total Liab/Comm Equity1.16
Pretax Inc/Net Sales-1.90Interest Coverage Ratio-12.81
Net Inc/Net Sales-1.96Curr Debt/Equity59.59
Cash Flow/Net Sales0.46LTD/Equity302.07
SG&A/NetSales0.34Total Debt/Equity361.65
Asset Utilization   Liquidity  
Net Receivables Turnover4.64Quick Ratio1.33
Inventory TurnoverNACurrent Ratio1.33
Inventory Day SalesNANet Rec/Curr Assets0.28
Net Sales/Work Cap6.17Inv/Curr AssetsNA
Net Sales/PP&E0.55  

Income Statement (Millions)

  12/31/2016 12/31/2015 12/31/2014 12/31/2013
Total Revenues(Net Sales) 1,653.67 1,748.20 1,817.08 1,180.25
Cost of Goods Sold NA NA NA NA
Selling & Admin Exps 558.29 682.44 859.58 631.83
Operating Income -3,031.67 285.61 633.92 306.95
Interest Exp 226.98 280.35 300.13 220.56
Pretax Income -3,135.20 179.83 337.63 107.91
Other Income 98.17 169.40 3.84 21.53
Net Income Bef Extraordinary ... NA NA NA NA
Net Income -3,241.52 80.01 259.80 63.32

Balance Sheet (Millions)

Assets 12/31/2016 12/31/2015 12/31/2014 12/31/2013
Cash & Short Term Investments 752.96 737.47 531.50 609.03
Receivables - Total 297.06 416.10 345.19 289.72
Inventories - Total NA NA NA NA
Total Current Assets 1,079.94 1,238.10 978.19 1,009.72
Net Property, Plant & Equipment 2,983.76 6,731.74 6,830.14 6,439.34
Total Assets 4,091.54 8,020.22 8,041.62 7,620.45
Liabilities        
Accounts Payable 147.87 222.26 258.38 304.13
Debt in Current Liabilities 640.56 65.66 37.74 115.67
Total Current Liabilities 812.01 401.46 417.69 543.65
Long-Term Debt 3,247.22 4,271.74 4,352.59 3,907.84
Total Liabilities 4,080.79 4,745.46 4,875.35 4,640.61
Stockholder's Equity        
Minority Interest NA NA NA NA
Preferred Stock 0.00 0.00 0.00 0.00
Common Stock 1.61 1.61 1.32 1.32
Retained Earnings -3,517.85 -276.33 -306.06 -490.67
Treasury Stock -0.78 -0.22 0.00 NA
Total Stockholders' Equity 10.75 3,274.77 3,166.28 2,979.84
Total Liabilities and Stockholders' Equity 4,091.54 8,020.22 8,041.62 7,620.45

Cash Flow Summary (Millions)

Categories 12/31/2016 12/31/2015 12/31/2014 12/31/2013
Net Cash Provided by Operating Activities 763.13 593.01 469.82 333.01
Net Cash Provided by Investing Activities -392.55 -643.72 -814.98 -1,144.23
Net Cash Provided by Financing Activities -386.65 263.27 268.63 1,099.32

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/2012941.90-132.34--
12/20131,180.2563.32--
12/20141,817.08259.80--
12/20151,748.2080.01--
12/20161,653.67-3,241.52--
Growth Rates15.11----

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional09/30/174572,05579.78




Report Date : 12/11/2017

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