Financial Performance - Revenues totaled $945 million in Q3 2021, an increase of $138 million or 17% compared to Q3 2020[66] - Service revenues increased by 28% year-over-year, primarily driven by higher demand in Completion and Production (C&P) and Drilling, Evaluation and Intervention (DEI) services in North America and South America[67] - Total operating income improved by $131 million in Q3 2021 compared to Q3 2020, primarily due to the absence of impairment and restructuring charges[69] - Total operating income for the first nine months of 2021 was $83 million, a significant improvement of $1,462 million compared to a loss of $1,379 million in the same period of 2020[86] - Net loss attributable to Weatherford for the first nine months of 2021 was $289 million, an improvement of $1,432 million or 83% compared to a loss of $1,721 million in 2020[86] Revenue Breakdown - Western Hemisphere revenues increased by $42 million or 3% in the first nine months of 2021, driven by higher business activity levels for C&P services and products[87] - Eastern Hemisphere revenues decreased by $205 million or 13% in the first nine months of 2021, attributed to a decline in international activity due to the COVID-19 pandemic[88] Market Conditions - Average oil prices for WTI rose to $70.62 per barrel in Q3 2021, a 73% increase from $40.89 in Q3 2020[75] - Natural gas prices increased by 118% year-over-year, averaging $4.36 per MMBtu in Q3 2021[76] - The average rig count in North America increased to 647 in Q3 2021, up from 301 in Q3 2020, reflecting a recovery in drilling activity[75] Cash Flow and Liquidity - Cash provided by operating activities was $234 million for the first nine months of 2021, an increase of $46 million compared to $188 million in the same period of 2020[100] - Non-GAAP free cash flow for the first nine months of 2021 was $229 million, compared to $101 million in the same period of 2020[107] - Total cash and cash equivalents at September 30, 2021, were $1.45 billion, an increase of $161 million compared to the end of 2020[99] - Cash and cash equivalents totaled $1.45 billion as of September 30, 2021, including $155 million in restricted cash[118] Debt and Financing - Interest expense for the first nine months of 2021 was $211 million, an increase of $30 million or 17% compared to $181 million in the same period of 2020[91] - The company issued $500 million of 6.5% Senior Secured Notes maturing on September 15, 2028, to enhance liquidity[112] - The company issued $1.6 billion of 8.625% senior notes due April 30, 2030, and used the proceeds to redeem $1.6 billion in principal of its Exit Notes[114] - The company expects to make annual interest payments of approximately $204 million after refinancing its Exit Notes and the 2024 Secured Notes, down from $275 million[117] Credit Ratings - Standard and Poor's upgraded the credit rating of the company's Exit Notes to CCC+ with a stable outlook on July 1, 2021[121] - Moody's assigned a B3 rating to the company's new 2030 Senior Unsecured Notes and changed its outlook to stable from negative on October 12, 2021[122] Operational Challenges - The company continues to face challenges from inflationary pressures and supply chain disruptions due to the ongoing COVID-19 pandemic[79] - The company anticipates utilizing cash to invest in capital assets and inventory as business activity rises to pre-COVID-19 levels[115] Other Financial Metrics - The company had $329 million of letters of credit outstanding as of September 30, 2021, which included $173 million under the LC Credit Agreement[124] - The company had outstanding surety bonds of $287 million, primarily in Latin America, as of September 30, 2021[125] - The company received cash proceeds from the sale of accounts receivable of $12 million and $46 million for the three and nine months ended September 30, 2021, respectively, compared to $10 million and $30 million in the same periods of 2020[120]

INVESTOR PRESENTATION WEATHERFORD INTERNATIONAL PLC Q2 | 2021 2 Q2'21 EARNINGS PRESENTATION DISCLAIMER This presentation contains projections and forward-looking statements concerning, among other things, Weatherford International plc's ("Weatherford" or the "Company") quarterly and full-year revenues, operating income and losses, adjusted EBITDA, unlevered free cash flow, forecasts or expectations regarding business outlook, prospects for its operations and expectations regarding future financial results w ...

PART I – FINANCIAL INFORMATION [Item 1. Financial Statements](index=2&type=section&id=Item%201.%20Financial%20Statements.) Presents Weatherford International plc's unaudited Condensed Consolidated Financial Statements for Q2 and H1 2021, detailing operations, balance sheets, cash flows, and notes [Condensed Consolidated Statements of Operations](index=3&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) Q2 & H1 2021 Statement of Operations Highlights (Unaudited) | Indicator (in millions) | Q2 2021 | Q2 2020 | YTD 2021 | YTD 2020 | | :--- | :--- | :--- | :--- | :--- | | **Total Revenues** | $903 | $821 | $1,735 | $2,036 | | **Operating Income (Loss)** | $25 | $(497) | $12 | $(1,319) | | **Net Loss** | $(73) | $(579) | $(183) | $(1,537) | | **Net Loss Attributable to Weatherford** | $(78) | $(581) | $(194) | $(1,547) | | **Basic & Diluted Loss per Share** | $(1.11) | $(8.30) | $(2.77) | $(22.10) | - Revenues for Q2 2021 increased to **$903 million** from **$821 million** in Q2 2020, while for the six months ended June 30, revenues decreased to **$1,735 million** in 2021 from **$2,036 million** in 2020[6](index=6&type=chunk) - The company reported a significant reduction in net loss for both the three and six-month periods in 2021 compared to 2020, primarily due to the absence of large impairment and restructuring charges seen in the prior year[6](index=6&type=chunk) [Condensed Consolidated Balance Sheets](index=5&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Balance Sheet Summary (Unaudited) | Indicator (in millions) | June 30, 2021 | Dec 31, 2020 | | :--- | :--- | :--- | | **Total Current Assets** | $3,126 | $3,178 | | **Total Assets** | $5,160 | $5,430 | | **Total Current Liabilities** | $1,243 | $1,368 | | **Long-term Debt** | $2,605 | $2,601 | | **Total Liabilities** | $4,401 | $4,498 | | **Total Shareholders' Equity** | $759 | $932 | - Cash and Cash Equivalents increased to **$1,217 million** as of June 30, 2021, from **$1,118 million** at the end of 2020[10](index=10&type=chunk) [Condensed Consolidated Statements of Cash Flows](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Cash Flow Summary for Six Months Ended June 30 (Unaudited) | Indicator (in millions) | 2021 | 2020 | | :--- | :--- | :--- | | **Net Cash Provided by Operating Activities** | $120 | $61 | | **Net Cash Used in Investing Activities** | $(2) | $(62) | | **Net Cash Used in Financing Activities** | $(15) | $(36) | | **Net Increase (Decrease) in Cash** | $102 | $(44) | - The company generated significantly more cash from operations in the first six months of 2021 (**$120 million**) compared to the same period in 2020 (**$61 million**)[12](index=12&type=chunk) - Capital expenditures were substantially lower in H1 2021 (**$24 million**) compared to H1 2020 (**$73 million**), contributing to a much lower cash usage in investing activities[12](index=12&type=chunk) [Notes to Condensed Consolidated Financial Statements](index=7&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) - In Q2 2021, the company recorded a net credit of **$8 million** for 'Impairments and Other Charges', a significant reversal from the **$406 million** charge in Q2 2020 which included substantial long-lived asset and goodwill impairments[18](index=18&type=chunk) - As of June 30, 2021, the company had no goodwill on its balance sheet, as the entire balance of **$239 million** was fully impaired in the first half of 2020[25](index=25&type=chunk) - The company's long-term debt as of June 30, 2021, primarily consists of **$2.1 billion** of **11.00%** Exit Notes and **$460 million** of **8.75%** Senior Secured Notes, both due in 2024[31](index=31&type=chunk)[32](index=32&type=chunk)[33](index=33&type=chunk) Revenue by Geographic Segment (in millions) | Segment | Q2 2021 | Q2 2020 | YTD 2021 | YTD 2020 | | :--- | :--- | :--- | :--- | :--- | | **Western Hemisphere** | $425 | $310 | $815 | $898 | | **Eastern Hemisphere** | $478 | $511 | $920 | $1,138 | | **Total Revenues** | $903 | $821 | $1,735 | $2,036 | [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A)](index=17&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations.) Management discusses Q2 and H1 2021 financial results, highlighting Q2 revenue growth, industry trends, business outlook, and margin expansion strategies [Overview and Financial Results](index=18&type=section&id=Overview%20and%20Financial%20Results) - Q2 2021 revenues increased by **10%** YoY to **$903 million**, while H1 2021 revenues declined **15%** YoY to **$1.7 billion** compared to a pre-pandemic Q1 2020[63](index=63&type=chunk) - The Q2 2021 revenue improvement was driven by a **37%** growth in the Western Hemisphere, particularly in the United States and Mexico, while the Eastern Hemisphere saw a **6%** decline[64](index=64&type=chunk) - Operating income improved significantly in Q2 and H1 2021 compared to 2020, primarily due to lower impairment and restructuring charges and benefits from cost improvement initiatives[66](index=66&type=chunk) - On June 1, 2021, the company's ordinary shares were approved for listing and began trading on The Nasdaq Global Select Market under the ticker symbol '**WFRD**' on June 2, 2021[70](index=70&type=chunk) [Industry Trends and Business Outlook](index=19&type=section&id=Industry%20Trends%20and%20Business%20Outlook) Average Commodity Prices and Rig Counts | Indicator | Q2 2021 | Q2 2020 | | :--- | :--- | :--- | | **Oil price - WTI ($/barrel)** | $66.09 | $27.81 | | **Natural gas price - Henry Hub ($/MMBtu)** | $2.94 | $1.71 | | **Worldwide Average Rig Count** | 1,256 | 1,251 | - The company expects consolidated revenues to increase by **mid- to high-single digits** in the second half of 2021 compared to the first half, which should lead to further margin expansion[75](index=75&type=chunk) - Management remains cautious about a broad-based industry recovery due to the resurgence of COVID-19 infection rates, despite improving oil prices and economic activity[74](index=74&type=chunk) [Results of Operations](index=21&type=section&id=Results%20of%20Operations) - Western Hemisphere revenues increased **37%** in Q2 2021 YoY, driven by higher demand in the U.S. and increased ISP sales in Mexico, with segment operating income improving by **$51 million**[84](index=84&type=chunk)[87](index=87&type=chunk) - Eastern Hemisphere revenues decreased **6%** in Q2 2021 YoY due to lower activity since the COVID-19 pandemic began, with segment operating income decreasing by **$9 million**[86](index=86&type=chunk)[88](index=88&type=chunk) - Net interest expense increased to **$72 million** in Q2 2021 from **$59 million** in Q2 2020, primarily due to interest on the **8.75%** Senior Secured Notes issued in August 2020[89](index=89&type=chunk) [Liquidity and Capital Resources](index=23&type=section&id=Liquidity%20and%20Capital%20Resources) - Total cash, cash equivalents, and restricted cash was **$1.4 billion** at June 30, 2021, an increase of **$102 million** from year-end 2020[93](index=93&type=chunk) Free Cash Flow Reconciliation (in millions) | Indicator | H1 2021 | H1 2020 | | :--- | :--- | :--- | | **Net Cash Provided by Operating Activities** | $120 | $61 | | **Capital Expenditures** | $(24) | $(73) | | **Proceeds from Disposition of Assets** | $22 | $8 | | **Non-GAAP Free Cash Flow** | $118 | $(4) | - Annual cash interest payments are expected to be approximately **$275 million**, with capital spending for 2021 projected between **$100 - $110 million**[103](index=103&type=chunk) - As of June 30, 2021, the company had **$331 million** of letters of credit outstanding and **$307 million** in outstanding surety bonds[108](index=108&type=chunk)[109](index=109&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=27&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk.) The company's market risk exposure has not materially changed since December 31, 2020, except for debt fair value changes - Other than changes in the fair value of its debt, the company's market risk exposure has not materially changed from the end of the previous fiscal year[116](index=116&type=chunk) [Item 4. Controls and Procedures](index=27&type=section&id=Item%204.%20Controls%20and%20Procedures.) Management concluded the company's disclosure controls and procedures were effective as of June 30, 2021, with no material changes to internal controls - Based on an evaluation as of June 30, 2021, the CEO and CFO concluded that the company's disclosure controls and procedures were effective[118](index=118&type=chunk) - No changes in internal control over financial reporting occurred during Q2 2021 that have materially affected, or are reasonably likely to materially affect, these controls[119](index=119&type=chunk) PART II – OTHER INFORMATION [Item 1. Legal Proceedings](index=27&type=section&id=Item%201.%20Legal%20Proceedings.) Refers to Note 9 for ongoing disputes, highlighting the GAMCO Shareholder Litigation dismissal in May 2021 and subsequent appeal - The GAMCO shareholder lawsuit, which alleged violations of federal securities laws, was dismissed with prejudice by the District Court on May 14, 2021[41](index=41&type=chunk) - On June 11, 2021, the plaintiffs in the GAMCO case filed a Notice of Appeal with the District Court, with the company unable to reliably predict the outcome[41](index=41&type=chunk) [Item 1A. Risk Factors](index=27&type=section&id=Item%201A.%20Risk%20Factors.) No material changes to risk factors have occurred since those disclosed in the 2020 Annual Report and Registration Statement - As of June 30, 2021, there have been no material changes to the risk factors previously disclosed in the 2020 Annual Report and Registration Statement[122](index=122&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=27&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds.) In May 2021, the company issued **53** ordinary shares from warrant exercises, generating approximately **$5,000** in cash proceeds, exempt from registration - During May 2021, the company issued **53** ordinary shares from the exercise of warrants, receiving cash proceeds of about **$5,000**[123](index=123&type=chunk) [Item 3. Defaults Upon Senior Securities](index=27&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities.) The company reported no defaults upon senior securities during the period - None[124](index=124&type=chunk) [Item 4. Mine Safety Disclosures](index=27&type=section&id=Item%204.%20Mine%20Safety%20Disclosures.) This item is not applicable to the company - Not applicable[125](index=125&type=chunk) [Item 5. Other Information](index=28&type=section&id=Item%205.%20Other%20Information.) The company reported no other information for this item - None[126](index=126&type=chunk) [Item 6. Exhibits](index=28&type=section&id=Item%206.%20Exhibits.) This section lists exhibits filed with the Form 10-Q, including an executive offer letter and Sarbanes-Oxley Act certifications - The report includes a list of exhibits filed, such as management contracts and CEO/CFO certifications[128](index=128&type=chunk)

INVESTOR PRESENTATION WEATHERFORD INTERNATIONAL PLC Q1 | 2021 2 Q1'21 EARNINGS PRESENTATION DISCLAIMER This presentation contains projections and forward looking statements concerning, among other things, Weatherford International plc's ("Weatherford" or the "Company") prospects for its operations and expectations regarding future financial results which are subject to certain risks, uncertainties and assumptions. These risks and uncertainties, which are more fully described in Weatherford's reports and reg ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 (Mark One) Form 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________________________________to __________________________________ Commission file number 001-36504 Weatherford International plc (Exact Name of Registra ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________________________________to __________________________________ Commission file number 001-36504 Weatherford International plc (Exact name of registrant as specified in ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 (Mark One) Form 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________________________________to __________________________________ Commission file number 001-36504 Weatherford International plc (Exact Name of Regi ...

| UNITED STATES | | --- | | SECURITIES AND EXCHANGE COMMISSION | | WASHINGTON, D.C. 20549 | | (Mark One) Form 10-Q | | ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | | For the quarterly period ended June 30, 2020 | | or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | | For the transition period from __________________________________to __________________________________ | | Commission file number 001-36504 | | Weatherf ...

PART I – FINANCIAL INFORMATION [Financial Statements](index=2&type=section&id=Item%201.%20Financial%20Statements.) The unaudited statements show a significant net loss and asset impairments, raising substantial doubt about the company's going concern status Condensed Consolidated Statements of Operations | (Dollars in millions, except per share) | Three Months Ended 3/31/2020 (Successor) | Three Months Ended 3/31/2019 (Predecessor) | | :--- | :--- | :--- | | **Total Revenues** | $1,215 | $1,346 | | **Operating Loss** | $(822) | $(301) | | **Net Loss Attributable to Weatherford** | $(966) | $(481) | | **Basic & Diluted Loss Per Share** | $(13.80) | $(0.48) | Condensed Consolidated Balance Sheet Summary | (Dollars in millions) | 3/31/2020 | 12/31/2019 | | :--- | :--- | :--- | | **Total Current Assets** | $3,374 | $3,453 | | **Total Assets** | $6,165 | $7,293 | | **Total Current Liabilities** | $1,644 | $1,672 | | **Total Liabilities** | $4,302 | $4,377 | | **Total Shareholders' Equity** | $1,863 | $2,916 | Condensed Consolidated Statements of Cash Flows Summary | (Dollars in millions) | Three Months Ended 3/31/2020 (Successor) | Three Months Ended 3/31/2019 (Predecessor) | | :--- | :--- | :--- | | **Net Cash Provided by (Used in) Operating Activities** | $30 | $(249) | | **Net Cash Provided by (Used in) Investing Activities** | $(47) | $36 | | **Net Cash Provided by (Used in) Financing Activities** | $(8) | $208 | - The company recorded significant **long-lived asset impairments of $640 million** and **goodwill impairments of $167 million** during Q1 2020[38](index=38&type=chunk) - Management raises **substantial doubt about the Company's ability to continue as a going concern** within the next 12 months[23](index=23&type=chunk)[28](index=28&type=chunk)[30](index=30&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A)](index=22&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations.) The company's performance was severely impacted by the pandemic and oil market turmoil, leading to revenue decline and cost-cutting measures - The company's outlook is materially negative due to the dual impact of the **COVID-19 pandemic** and **OPEC+ actions** creating an oversupply of oil[101](index=101&type=chunk)[102](index=102&type=chunk)[104](index=104&type=chunk) - In response to the market crisis, Weatherford has implemented aggressive cost-saving actions, including a **20% pay reduction for management** and a **50% cut in planned 2020 capital expenditures**[107](index=107&type=chunk) - Despite cost-saving measures, the company expects a forthcoming **breach of its ABL Revolving Credit Agreement covenants**, raising substantial doubt about its ability to continue as a going concern[105](index=105&type=chunk)[113](index=113&type=chunk)[114](index=114&type=chunk) Segment Performance vs. Prior Year | (Dollars in millions) | Q1 2020 Revenues | Q1 2019 Revenues | % Change | Q1 2020 Operating Income | Q1 2019 Operating Income | | :--- | :--- | :--- | :--- | :--- | :--- | | **Western Hemisphere** | $588 | $726 | (19)% | $29 | $9 | | **Eastern Hemisphere** | $627 | $620 | 1% | $18 | $20 | | **Total Segments** | **$1,215** | **$1,346** | **(10)%** | **$47** | **$29** | - Total revenues for Q1 2020 were **$1.2 billion, a 10% decrease** from Q1 2019, primarily driven by a **19% decline in the Western Hemisphere**[121](index=121&type=chunk)[129](index=129&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=36&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk.) The company's market risk exposure has not materially changed, except for a significant decrease in the fair value of its debt - There have been no material changes in market risk exposure since year-end 2019, other than a significant decrease in the **fair value of the company's debt**, which fell from **$2,252 million to $1,260 million**[177](index=177&type=chunk)[69](index=69&type=chunk) [Controls and Procedures](index=36&type=section&id=Item%204.%20Controls%20and%20Procedures.) Management concluded that disclosure controls and procedures were effective, with no material changes to internal controls during the quarter - The CEO and CFO concluded that the company's **disclosure controls and procedures were effective** as of March 31, 2020[178](index=178&type=chunk) - No changes in internal control over financial reporting occurred during the quarter that materially affected, or are reasonably likely to materially affect, internal controls[179](index=179&type=chunk) PART II – OTHER INFORMATION [Legal Proceedings](index=36&type=section&id=Item%201.%20Legal%20Proceedings.) Ongoing litigation matters, including shareholder and patent lawsuits, have been delayed due to the COVID-19 pandemic - Details regarding ongoing legal proceedings are provided in **Note 12** of the financial statements[181](index=181&type=chunk) - The company is involved in shareholder litigation, and many ongoing matters have been **delayed due to court closures** from the COVID-19 pandemic[73](index=73&type=chunk)[75](index=75&type=chunk)[78](index=78&type=chunk) [Risk Factors](index=37&type=section&id=Item%201A.%20Risk%20Factors.) The COVID-19 pandemic has severely impacted demand and liquidity, with an expected debt covenant breach threatening going concern status - The **COVID-19 pandemic** has significantly weakened demand and is expected to continue to have a **substantial negative impact** on financial condition[184](index=184&type=chunk) - The company expects to **breach covenants** under its ABL Revolving Credit Agreement within the next twelve months, which raises **substantial doubt about its ability to continue as a going concern**[191](index=191&type=chunk)[192](index=192&type=chunk) - A breach of covenants could trigger an event of default, leading to an **acceleration of debt obligations** and potentially forcing the company into bankruptcy or liquidation[196](index=196&type=chunk)[198](index=198&type=chunk) - The company faces **extremely limited access to additional financing** beyond its existing credit agreements[191](index=191&type=chunk)[194](index=194&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=39&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds.) The company reports no unregistered sales of equity securities during the reporting period - None[198](index=198&type=chunk) [Defaults Upon Senior Securities](index=39&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities.) The company reports no defaults upon senior securities during the reporting period - None[199](index=199&type=chunk) [Mine Safety Disclosures](index=39&type=section&id=Item%204.%20Mine%20Safety%20Disclosures.) This section is not applicable as the company has no mining operations - Not applicable[200](index=200&type=chunk) [Other Information](index=39&type=section&id=Item%205.%20Other%20Information.) Presentation materials used in discussions with senior note holders are filed as exhibits with this report - Presentation materials used in discussions with holders of unsecured senior notes are filed as **Exhibits 99.1 and 99.2**[201](index=201&type=chunk) [Exhibits](index=40&type=section&id=Item%206.%20Exhibits.) This section lists all exhibits filed with the report, including certifications and presentation materials - Lists all exhibits filed with the report, including **Sarbanes-Oxley certifications** (Exhibits 31.1, 31.2, 32.1, 32.2) and presentation materials (Exhibits 99.1, 99.2)[203](index=203&type=chunk)

Bankruptcy and Financial Restructuring - Weatherford International plc emerged from Chapter 11 bankruptcy on December 13, 2019, canceling $7.6 billion in unsecured senior and exchangeable senior notes[18]. - The company emerged from bankruptcy on December 13, 2019, after successfully completing its reorganization plan[67]. - The company incurred significant reorganization expenses during its Chapter 11 bankruptcy process, including a $4.3 billion gain on settlement of liabilities[177]. - Weatherford's credit ratings were assigned as B- by S&P Global Ratings and B1 by Moody's upon emergence from bankruptcy, indicating a non-investment grade status that may limit refinancing options[108]. - The company adopted fresh start accounting upon emergence from bankruptcy, resulting in a restated accumulated deficit to zero, making historical financial comparisons challenging[102]. Operational Performance and Strategy - The company reported a focus on profitable growth in core product lines, aligning technology development with customer objectives such as reducing operational expenditures and enhancing safety[22][23]. - Weatherford's operational performance is reviewed in two segments: Western Hemisphere and Eastern Hemisphere, with research and development expenses included in both[32]. - The company emphasizes technology development to enhance efficiency and reduce costs for customers, particularly in complex well designs and production decline management[25]. - Weatherford's principal services include production optimization, completions, drilling and evaluation, and well construction, catering to both onshore and offshore markets[33][34]. - The company aims to leverage Industry 4.0 technologies, including IoT and data analytics, to improve service delivery and operational efficiency[28]. - The company has a strong presence in over 80 countries, with service and sales locations in major oil and gas producing regions worldwide[14]. Financial Performance - Revenues for the year ended December 31, 2019, were $261 million, a significant decrease from $5,744 million in 2018[138]. - Operating loss for the year ended December 31, 2019, was $1 million compared to a loss of $2,084 million in 2018[138]. - Net loss attributable to Weatherford for the year ended December 31, 2019, was $26 million, a substantial improvement from a loss of $2,811 million in 2018[138]. - Total assets as of December 31, 2019, were $7,293 million, up from $6,601 million in 2018[138]. - Long-term debt as of December 31, 2019, was $2,151 million, a decrease from $7,605 million in 2018[138]. - Combined revenues in 2019 decreased by $529 million, or 9%, compared to 2018, primarily due to lower activity levels in Canada and reduced demand in the United States[168]. - Combined consolidated operating results improved by $903 million, or 43%, in 2019 compared to 2018, mainly due to lower goodwill impairment charges[170]. - Goodwill impairment charges of $730 million were recorded in 2019, reflecting lower activity levels and reduced exploration and production capital spending[181]. Market Conditions and Risks - Fluctuations in oil and natural gas prices significantly affect the level of exploration, development, and production activity of the company's customers[69]. - The cyclicality of the energy industry continues to impact demand for the company's products and services, particularly in North America[159]. - The company faces significant liquidity challenges, with approximately $2.2 billion in long-term debt and annual interest payments of about $231 million until December 1, 2024[87]. - The concentration of the customer base in the energy industry increases credit risk, as many customers are experiencing financial distress due to low commodity prices[78]. - Severe weather conditions and climate change could disrupt operations and negatively impact revenue and productivity[80]. Compliance and Regulatory Environment - The company’s operations are subject to various federal, state, and local laws and regulations relating to the energy industry and the environment[61]. - The company does not expect the cost of compliance with environmental laws and regulations for 2020 to be material[61]. - The company’s operations are subject to numerous environmental laws and regulations, which could lead to increased compliance costs and reduced business opportunities[92]. - The company may face potential increases in operational costs due to more stringent regulations on hydraulic fracturing, which could materially reduce business opportunities and revenues[93]. Shareholder and Corporate Governance - The concentration of ownership among the largest eight shareholders, owning over 80% of ordinary shares, may lead to conflicts of interest affecting corporate decisions[104]. - The rights of shareholders are governed by Irish law, which may afford less protection compared to U.S. laws, potentially complicating shareholder interests[126]. - Weatherford's ordinary shares began trading on the OTC Pink Marketplace after bankruptcy, with uncertainty regarding the development of an active trading market[105]. Employee and Talent Management - The company employed approximately 24,000 employees as of December 31, 2019, which is 9% and 18% lower than the workforce as of December 31, 2018 and 2017, respectively[62]. - The company may face difficulties in attracting and retaining skilled employees, which is critical for maintaining service quality and operational success[97]. Cybersecurity and Legal Risks - Cybersecurity incidents pose a risk to the company's information systems, potentially leading to data loss, reputational damage, and financial costs[116]. - The company does not currently maintain insurance coverage for cybersecurity risks, which could lead to material adverse effects if incidents occur[117]. - The company is subject to potential litigation regarding intellectual property rights, which could result in significant legal costs and adversely affect its business[115].