SFL Corporation Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-26.43	130.65	83.94	202.77	164.34
Depreciation & Amortization	243.45	239.18	214.06	187.83	138.33
Other Amortization	-	7.58	7.73	7.21	6.7
Loss (Gain) From Sale of Assets	7.17	-5.37	-18.67	-13.23	-39.41
Asset Writedown & Restructuring Costs	34.09	-	7.39	-	1.93
Loss (Gain) From Sale of Investments	0.04	0.85	1.91	-18.17	-1
Loss (Gain) on Equity Investments	-2.37	-2.8	-2.85	-2.83	-4.19
Other Operating Activities	21.11	12.2	23.41	4.55	33.16
Change in Accounts Receivable	-	4.3	-20.94	-9.03	-4.07
Change in Inventory	-	-5.66	4.67	-6.27	-1.32
Change in Accounts Payable	-	4.05	22.37	6.12	0.45
Change in Other Net Operating Assets	13.08	-15.13	20.07	-3.81	-1.33
Operating Cash Flow	290.14	369.86	343.09	355.13	293.6
Operating Cash Flow Growth	-21.55%	7.80%	-3.39%	20.96%	6.19%
Capital Expenditures	-70.48	-644.86	-264.42	-602.5	-581.62
Sale of Property, Plant & Equipment	235.57	22.74	156.2	83.33	183.89
Investment in Securities	-	2.51	2.64	17.91	18.66
Other Investing Activities	-	2.1	1.68	2.17	-9.97
Investing Cash Flow	165.09	-617.51	-103.89	-499.09	-389.05
Long-Term Debt Issued	244.04	1,398	944.59	959.6	586.75
Long-Term Debt Repaid	-538.43	-1,109	-1,041	-662.51	-565.44
Net Debt Issued (Repaid)	-294.39	289.2	-96.04	297.08	21.31
Issuance of Common Stock	-	96.25	-	-	89.38
Repurchase of Common Stock	-10.03	-	-10.17	-	-
Common Dividends Paid	-125.11	-138.49	-122.99	-111.57	-77.55
Other Financing Activities	-9.43	-30.26	-32.86	-7.14	-8.12
Financing Cash Flow	-438.96	216.7	-262.07	178.37	25.02
Net Cash Flow	16.28	-30.94	-22.87	34.4	-70.44
Free Cash Flow	219.66	-275	78.67	-247.37	-288.03
Free Cash Flow Margin	30.52%	-30.76%	10.57%	-37.22%	-56.58%
Free Cash Flow Per Share	1.65	-2.12	0.62	-1.80	-2.07
Cash Interest Paid	-	161.24	148.51	109.68	96.83
Cash Income Tax Paid	-	8.29	1.99	-	-
Levered Free Cash Flow	210.29	-351.93	13.19	-276.82	-332.9
Unlevered Free Cash Flow	323.12	-240.95	116.1	-214.02	-275.28
Change in Working Capital	13.08	-12.44	26.17	-12.99	-6.27

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