SBM Offshore Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	356	150	491	450	400	191
Depreciation & Amortization	57	61	56	78	103	314
Other Amortization	9	9	9	7	9	6
Loss (Gain) From Sale of Assets	1	1	-	-9	-1	1
Asset Writedown & Restructuring Costs	40	43	31	105	-23	117
Loss (Gain) From Sale of Investments	-	22	-	-	-	-
Loss (Gain) on Equity Investments	1	-19	-19	-12	-110	-17
Stock-Based Compensation	24	21	20	19	27	27
Other Operating Activities	3,041	2,943	2,313	926	701	555
Change in Accounts Receivable	-814	-1,258	-2,832	-3,048	-2,026	-1,424
Change in Inventory	-61	-26	-124	-10	128	-135
Change in Accounts Payable	-562	-469	-226	303	13	134
Change in Other Net Operating Assets	-24	4	112	142	24	103
Operating Cash Flow	2,065	1,482	-169	-1,049	-755	-128
Operating Cash Flow Growth	169.23%	-	-	-	-	-
Capital Expenditures	-63	-79	-128	-41	-14	-41
Sale of Property, Plant & Equipment	-	-	-	34	25	-
Cash Acquisitions	-1	179	-	-	-	-
Sale (Purchase) of Intangibles	-33	-37	-45	-41	-47	-29
Investment in Securities	54	6	-1	-	-6	-
Other Investing Activities	140	23	32	115	47	53
Investing Cash Flow	97	92	-142	67	5	-17
Long-Term Debt Issued	-	2,151	3,440	1,536	3,817	1,290
Long-Term Debt Repaid	-	-3,000	-2,988	-779	-1,730	-617
Net Debt Issued (Repaid)	-1,030	-849	452	757	2,087	673
Repurchase of Common Stock	-142	-102	-5	-	-178	-165
Common Dividends Paid	-174	-150	-198	-177	-166	-150
Other Financing Activities	-378	-206	-79	66	-384	-308
Financing Cash Flow	-1,724	-1,307	170	646	1,359	50
Foreign Exchange Rate Adjustments	1	-4	1	-3	-2	5
Miscellaneous Cash Flow Adjustments	-1	-	-	1	-	-2
Net Cash Flow	438	263	-140	-338	607	-92
Free Cash Flow	2,002	1,403	-297	-1,090	-769	-169
Free Cash Flow Growth	193.98%	-	-	-	-	-
Free Cash Flow Margin	37.05%	29.33%	-5.99%	-22.19%	-20.52%	-4.83%
Free Cash Flow Per Share	11.22	7.75	-1.64	-6.06	-4.14	-0.88
Cash Interest Paid	376	356	366	252	340	228
Cash Income Tax Paid	160	178	101	96	62	42
Levered Free Cash Flow	3,593	-34.63	-418	-2,107	-1,545	-809
Unlevered Free Cash Flow	4,007	390.38	-44.25	-1,868	-1,355	-644.63
Change in Working Capital	-1,461	-1,749	-3,070	-2,613	-1,861	-1,322

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.