Subsea 7 S.A. (FRA:SOC)

Subsea 7 Balance Sheet

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
Cash & Equivalents	413.3	575.3	750.9	645.6	597.6	511.6
Cash & Short-Term Investments	413.3	575.3	750.9	645.6	597.6	511.6
Cash Growth	42.71%	-23.39%	16.31%	8.03%	16.81%	28.64%
Accounts Receivable	1,732	1,370	1,485	1,327	1,392	1,053
Other Receivables	383	245.1	246.4	192.1	101.3	79.4
Receivables	2,115	1,615	1,731	1,520	1,493	1,132
Inventory	54.4	57.4	60.1	49.5	40.3	26.4
Prepaid Expenses	-	126.1	152.4	111.6	116.8	120.5
Restricted Cash	7.6	9.5	7.4	4.4	5.7	7.1
Other Current Assets	262.6	91.2	162.9	90.7	74.8	37.7
Total Current Assets	2,853	2,474	2,865	2,421	2,328	1,835
Property, Plant & Equipment	4,250	4,361	4,489	4,164	4,287	4,196
Long-Term Investments	378.8	368.3	343.1	26.6	29.9	32.4
Goodwill	160.5	183.7	192.2	191.3	197.2	84.5
Other Intangible Assets	104.9	87.6	58.5	31.1	35	46
Long-Term Accounts Receivable	-	-	-	-	4.4	6.7
Long-Term Deferred Tax Assets	102.8	93.6	50.9	38.7	58.7	49.5
Long-Term Deferred Charges	-	1.7	1.9	1.8	5.3	1.4
Other Long-Term Assets	114.7	79.1	59.7	33.6	39.8	39.6
Total Assets	7,965	7,680	8,096	6,944	7,023	6,297
Accounts Payable	1,818	391.3	355.4	324.8	280.2	301.4
Accrued Expenses	-	997.5	1,107	907.9	1,039	647.7
Current Portion of Long-Term Debt	166.9	138.2	123.5	53.8	61.6	24.6
Current Portion of Leases	215.9	223.8	167.8	95.8	88	85.4
Current Income Taxes Payable	159	125	76.4	49.3	41.5	32.6
Current Unearned Revenue	446.2	419.4	428.7	320.9	206.6	281.9
Other Current Liabilities	125.1	138.7	357.7	131.9	154.2	177.6
Total Current Liabilities	2,931	2,434	2,616	1,884	1,871	1,551
Long-Term Debt	493.6	583.8	721.4	302.2	360.3	184.4
Long-Term Leases	211.9	231.1	290.5	161.2	142.9	168.6
Long-Term Deferred Tax Liabilities	96.3	87.3	43.2	54.4	46	32.2
Other Long-Term Liabilities	41	41.2	58.8	82.1	102.3	91.3
Total Liabilities	3,783	3,385	3,738	2,494	2,534	2,042
Common Stock	599.2	591.2	600.9	580.4	590.9	595.3
Additional Paid-In Capital	2,550	2,546	2,580	2,503	2,504	2,505
Retained Earnings	1,610	1,825	1,780	1,740	1,710	1,747
Treasury Stock	-69.1	-69.1	-31.1	-75	-32.9	-17.8
Comprehensive Income & Other	-547.9	-642.2	-606.8	-626.8	-587.6	-602.3
Total Common Equity	4,141	4,250	4,323	4,122	4,184	4,228
Minority Interest	40.4	44.6	34.1	329.1	304.5	27.3
Shareholders' Equity	4,182	4,295	4,357	4,451	4,488	4,255
Total Liabilities & Equity	7,965	7,680	8,096	6,944	7,023	6,297
Total Debt	1,088	1,177	1,303	613	652.8	463
Net Cash (Debt)	-675	-601.6	-552.3	32.6	-55.2	48.6
Net Cash Per Share	-2.26	-2.01	-1.85	0.11	-0.18	0.16
Filing Date Shares Outstanding	295.61	295.61	300.45	290.21	295.47	297.67
Total Common Shares Outstanding	295.61	295.61	300.45	290.21	295.47	297.67
Working Capital	-77.7	40.2	248.8	536.9	457.4	284.2
Book Value Per Share	14.01	14.38	14.39	14.20	14.16	14.20
Tangible Book Value	3,876	3,979	4,072	3,899	3,952	4,097
Tangible Book Value Per Share	13.11	13.46	13.55	13.44	13.37	13.76
Land	-	473.7	496.4	517.2	523.1	518.6
Machinery	-	7,260	7,256	6,866	7,015	6,996
Order Backlog	-	11,175	10,587	9,008	7,212	6,214

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