SBM Offshore N.V. (AMS:SBMO)

SBM Offshore Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	4,728	4,127	4,452	4,383	3,262	2,992
Other Revenue	676	657	510	530	486	504
Revenue	5,404	4,784	4,962	4,913	3,748	3,496
Revenue Growth (YoY)	14.20%	-3.59%	1.00%	31.08%	7.21%	3.10%
Cost of Revenue	4,008	3,652	3,543	3,731	2,826	2,611
Gross Profit	1,396	1,132	1,419	1,182	922	885
Selling, General & Admin	192	185	205	170	177	183
Research & Development	36	40	37	35	29	24
Other Operating Expenses	31	-4	-20	-8	-	14
Operating Expenses	259	221	221	196	206	222
Operating Income	1,137	911	1,198	986	716	663
Interest Expense	-657	-680	-598	-383	-304	-263
Interest & Investment Income	26	26	24	10	2	6
Earnings From Equity Investments	-1	19	19	12	110	17
Currency Exchange Gain (Loss)	-8	-8	-3	-1	-	2
Other Non Operating Income (Expenses)	41	-	2	1	2	-2
EBT Excluding Unusual Items	538	268	642	625	526	423
Merger & Restructuring Charges	-	-	-11	-	-1	-46
Gain (Loss) on Sale of Investments	-	-	-	-	1	-
Gain (Loss) on Sale of Assets	32	32	-	9	1	-1
Asset Writedown	-9	-16	-42	-2	-	-10
Pretax Income	561	284	589	659	543	366
Income Tax Expense	93	73	-25	104	71	38
Earnings From Continuing Operations	468	211	614	555	472	328
Minority Interest in Earnings	-112	-61	-123	-105	-72	-137
Net Income	356	150	491	450	400	191
Net Income to Common	356	150	491	450	400	191
Net Income Growth	-16.82%	-69.45%	9.11%	12.50%	109.42%	-47.81%
Shares Outstanding (Basic)	176	179	179	178	184	190
Shares Outstanding (Diluted)	178	181	182	180	186	191
Shares Change (YoY)	-1.65%	-0.27%	0.91%	-3.11%	-3.04%	-3.58%
EPS (Basic)	2.02	0.84	2.74	2.53	2.18	1.01
EPS (Diluted)	2.00	0.83	2.70	2.50	2.16	1.00
EPS Growth	-15.40%	-69.26%	8.00%	15.74%	116.00%	-45.65%
Free Cash Flow	2,002	1,403	-297	-1,090	-769	-169
Free Cash Flow Per Share	11.22	7.75	-1.64	-6.06	-4.14	-0.88
Dividend Per Share	0.880	0.880	0.830	1.100	1.000	0.885
Dividend Growth	6.02%	6.02%	-24.55%	10.00%	12.94%	16.50%
Gross Margin	25.83%	23.66%	28.60%	24.06%	24.60%	25.31%
Operating Margin	21.04%	19.04%	24.14%	20.07%	19.10%	18.96%
Profit Margin	6.59%	3.14%	9.89%	9.16%	10.67%	5.46%
Free Cash Flow Margin	37.05%	29.33%	-5.99%	-22.19%	-20.52%	-4.83%
EBITDA	1,178	956	1,240	1,049	807	958
EBITDA Margin	21.80%	19.98%	24.99%	21.35%	21.53%	27.40%
D&A For EBITDA	41	45	42	63	91	295
EBIT	1,137	911	1,198	986	716	663
EBIT Margin	21.04%	19.04%	24.14%	20.07%	19.10%	18.96%
Effective Tax Rate	16.58%	25.70%	-	15.78%	13.08%	10.38%
Revenue as Reported	5,404	4,784	4,963	4,913	3,747	3,496

Updated Feb 19, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.