Borr Drilling 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	72.3	82.1	22.1	-292.8	-193	-317.6
Depreciation & Amortization	145.9	131.2	117.4	116.5	119.6	117.9
Other Amortization	65.1	74	66.9	44.6	19.1	34.5
Loss (Gain) From Sale of Assets	-	-0.4	-0.6	-4.2	-4.8	-19
Asset Writedown & Restructuring Costs	-	-	-	131.7	-	77.1
Loss (Gain) on Equity Investments	4.8	1.2	-4.9	-1.2	-16.1	-9.5
Stock-Based Compensation	11.5	9.1	5.6	2.6	0.9	0.7
Other Operating Activities	-63.1	-97.5	-101	-5.7	-2.7	17.6
Change in Other Net Operating Assets	-30.4	-122.4	-156.2	71	18.1	43.5
Operating Cash Flow	206.1	77.3	-50.7	62.5	-58.9	-54.8
Capital Expenditures	-262.3	-409.4	-114	-83.3	-18.9	-42.4
Sale of Property, Plant & Equipment	-	-	-	0.7	2.7	37.7
Investment in Securities	-	-	-	-	57.1	-115
Other Investing Activities	-	-	9.8	-	-	-
Investing Cash Flow	-262.3	-409.4	-104.2	-82.6	40.9	-119.7
Long-Term Debt Issued	-	672	1,882	150	-	5
Total Debt Issued	224.3	672	1,882	150	-	5
Long-Term Debt Repaid	-	-286.1	-1,801	-355.5	-	-
Net Debt Issued (Repaid)	30.3	385.9	80.9	-205.5	-	5
Issuance of Common Stock	97.6	2.3	58.9	313.8	46	62.8
Repurchase of Common Stock	-20.1	-19.9	-0.8	-	-	-
Common Dividends Paid	-9.4	-76.3	-	-	-	-
Other Financing Activities	-	-	-	-15.7	-1.2	-2.6
Financing Cash Flow	98.4	292	139	92.6	44.8	65.2
Net Cash Flow	42.2	-40.1	-15.9	72.5	26.8	-109.3
Free Cash Flow	-56.2	-332.1	-164.7	-20.8	-77.8	-97.2
Free Cash Flow Margin	-5.49%	-32.86%	-21.34%	-4.69%	-31.72%	-31.61%
Free Cash Flow Per Share	-0.22	-1.30	-0.66	-0.12	-0.58	-1.29
Cash Interest Paid	200	186.9	217.4	83.9	57.2	40.1
Cash Income Tax Paid	66.4	55.2	38.2	16.2	-0.8	8.6
Levered Free Cash Flow	-13.45	-227.29	33.58	90.8	7.24	-84.81
Unlevered Free Cash Flow	110.21	-113.28	122.03	169.9	62.86	-32.29
Change in Working Capital	-30.4	-122.4	-156.2	71	18.1	43.5

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