Sea1 Offshore Balance Sheet

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
Cash & Equivalents	86.36	68.3	97.33	94.95	91.84
Cash & Short-Term Investments	86.36	68.3	97.33	94.95	91.84
Cash Growth	26.44%	-29.82%	2.50%	3.39%	-11.03%
Accounts Receivable	72.42	46.37	49	39.82	40.15
Other Receivables	-	11.77	8.31	4.22	3.75
Receivables	72.42	58.15	57.31	44.04	43.9
Inventory	-	5.34	5.29	5.34	4.52
Prepaid Expenses	-	5.12	5.22	5.78	6.15
Other Current Assets	-0	1.29	2.01	1.47	1.05
Total Current Assets	158.79	138.21	167.16	151.57	147.46
Property, Plant & Equipment	608.59	637.44	846.68	806.73	847.09
Long-Term Investments	-	-	0.45	2.68	2.5
Long-Term Accounts Receivable	-	-	19.96	17.4	16.38
Long-Term Deferred Tax Assets	30.84	27.65	27.59	8.19	8.95
Other Long-Term Assets	3.15	15.18	25.13	32.88	51.14
Total Assets	801.37	818.48	1,087	1,019	1,073
Accounts Payable	44.24	4.42	17	11.2	13.54
Accrued Expenses	-	27.2	20.56	21.34	21.22
Current Portion of Long-Term Debt	60.94	65.74	212.53	58.98	47.65
Current Portion of Leases	-	0.89	0.92	1.67	1.97
Current Income Taxes Payable	-	2	2.23	0.64	0.97
Current Unearned Revenue	-	0.19	3.16	3.4	3.58
Other Current Liabilities	-	-	-	18.09	16.7
Total Current Liabilities	105.18	100.44	256.39	115.31	105.63
Long-Term Debt	233.93	280.15	263.62	530.63	613.36
Long-Term Leases	-	4.18	4.79	0.34	1.55
Pension & Post-Retirement Benefits	-	-	-	0.99	1.01
Other Long-Term Liabilities	31.37	27.71	32.99	12.79	11.64
Total Liabilities	370.48	412.49	557.79	660.06	733.2
Common Stock	153.54	153.54	238.85	238.85	238.85
Additional Paid-In Capital	-	163.16	163.16	163.16	582.88
Retained Earnings	-	128.84	173.78	-	-450.17
Comprehensive Income & Other	277.35	-39.55	-41.53	-38.93	-30.73
Total Common Equity	430.89	405.99	534.26	363.08	340.84
Minority Interest	-	-	-5.09	-3.7	-0.54
Shareholders' Equity	430.89	405.99	529.18	359.38	340.3
Total Liabilities & Equity	801.37	818.48	1,087	1,019	1,073
Total Debt	294.86	350.97	481.85	591.62	664.53
Net Cash (Debt)	-208.5	-282.67	-384.53	-496.67	-572.69
Net Cash Per Share	-1.36	-1.44	-1.61	-2.08	-3.89
Filing Date Shares Outstanding	153.54	153.54	238.85	238.85	238.85
Total Common Shares Outstanding	153.54	153.54	238.85	238.85	238.85
Working Capital	53.61	37.77	-89.23	36.26	41.83
Book Value Per Share	2.81	2.64	2.24	1.52	1.43
Tangible Book Value	430.89	405.99	534.26	363.08	340.84
Tangible Book Value Per Share	2.81	2.64	2.24	1.52	1.43
Land	-	5.42	7.78	3.56	3.51
Machinery	-	1,259	2,195	2,190	2,172
Construction In Progress	-	19.31	-	-	-
Order Backlog	-	840	320	442	298

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