FLEX LNG 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	Sep '25 Sep 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	98.48	117.68	120.04	188.04	162.21	8.11
Depreciation & Amortization	58.59	65.9	65.73	72.22	69.83	41.85
Other Amortization	19.75	12.08	10.13	4.06	4.94	2.4
Stock-Based Compensation	0.13	1.06	1.75	0.33	-1.27	0.28
Other Operating Activities	-13.39	-13.27	-3.44	-59.19	-27.44	27.63
Change in Accounts Receivable	0.5	-	-	-	-	-
Change in Inventory	-2.82	0.27	0.17	1.19	-2.8	-0.97
Change in Accounts Payable	6.86	-1.51	1.71	-0.22	-1.36	2.79
Change in Other Net Operating Assets	-11.52	0.58	-21.05	13.44	10.74	7.23
Operating Cash Flow	156.59	182.8	175.03	219.88	214.84	89.3
Operating Cash Flow Growth	-15.25%	4.44%	-20.40%	2.34%	140.58%	73.32%
Capital Expenditures	-0	-0	-0	-0.01	-265.93	-691.39
Investing Cash Flow	-	-0	-0	-0.01	-265.93	-691.39
Long-Term Debt Issued	-	1,699	2,407	1,408	723.56	718.28
Long-Term Debt Repaid	-	-1,702	-2,313	-1,328	-490.39	-84.94
Net Debt Issued (Repaid)	201.18	-3.21	93.83	80.26	233.16	633.34
Issuance of Common Stock	-	1.91	-	15.42	-	-
Repurchase of Common Stock	-	-	-	-	-7.79	-1.66
Common Dividends Paid	-162.26	-161.67	-144.98	-159.52	-98.93	-10.82
Other Financing Activities	-6.27	7.37	-9.15	1.65	-3.34	-17.54
Financing Cash Flow	32.64	-155.61	-96.54	-88.76	123.1	603.32
Foreign Exchange Rate Adjustments	-0	-0.53	-0.35	0.12	0.2	-1.37
Net Cash Flow	189.23	26.66	78.14	131.23	72.21	-0.14
Free Cash Flow	156.59	182.8	175.03	219.88	-51.09	-602.09
Free Cash Flow Growth	-15.26%	4.44%	-20.39%	-	-	-
Free Cash Flow Margin	44.61%	51.30%	47.18%	63.20%	-14.88%	-366.09%
Free Cash Flow Per Share	2.90	3.38	3.24	4.11	-0.96	-11.09
Cash Interest Paid	105.11	105.11	112.53	63.45	49	37.08
Cash Income Tax Paid	0.13	0.13	0.06	0.1	0.15	0.18
Levered Free Cash Flow	133.18	149.03	137.59	218.79	-84.21	-632.41
Unlevered Free Cash Flow	183.28	198.24	191.62	212.79	-65.5	-592.95
Change in Working Capital	-6.98	-0.66	-19.16	14.41	6.58	9.05

Source: S&P Global Market Intelligence. Standard template. Financial Sources.