BW Offshore 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	150.9	120.6	100.4	129.7	62.6	-282.2
Depreciation & Amortization	115	176.6	186.3	206.5	268.4	283.3
Other Amortization	1.3	1.3	0.9	2.3	1.6	1.6
Loss (Gain) From Sale of Assets	-14.8	-	-24.7	-2.5	-1.2	-
Asset Writedown & Restructuring Costs	14.5	-1.1	5.1	15.8	90.5	292.7
Loss (Gain) on Equity Investments	19.6	13.3	-18.2	-9.9	-33.5	15.7
Stock-Based Compensation	2.5	1.5	1.4	2.7	4.5	1.5
Other Operating Activities	-1	-1.3	40.6	-20.3	10.8	58.9
Change in Accounts Receivable	37.1	21.1	79.9	64.5	-93.4	5
Change in Inventory	3.6	-	3	18.9	8.8	18.8
Change in Accounts Payable	-31.7	-43.7	-46.1	-8.3	18.4	-26.5
Change in Unearned Revenue	97.8	64.9	265.1	279.2	139.1	-2
Change in Other Net Operating Assets	-14	9.7	-35	-28.3	33.6	32.1
Operating Cash Flow	380.8	362.9	558.7	650.3	510.2	387.3
Operating Cash Flow Growth	-25.86%	-35.05%	-14.09%	27.46%	31.73%	-36.33%
Capital Expenditures	-380	-379.9	-804.5	-729.5	-295.4	-84
Sale of Property, Plant & Equipment	124.3	29.9	200.6	27.4	17.6	-
Cash Acquisitions	-	-	-4	-	-71.6	-
Investment in Securities	-15	158.8	-49	-1.6	26.1	-
Other Investing Activities	18.8	19.2	10	1.9	0.3	-65.6
Investing Cash Flow	-251.9	-172	-646.9	-701.8	-323	-149.6
Long-Term Debt Issued	-	163	911.9	344.2	312.9	140
Long-Term Debt Repaid	-	-316.9	-637.2	-242	-318.4	-372.9
Net Debt Issued (Repaid)	-101.6	-153.9	274.7	102.2	-5.5	-232.9
Repurchase of Common Stock	-	-	-	-	-	-10
Common Dividends Paid	-59	-49.8	-25.3	-25.3	-25.3	-18.6
Other Financing Activities	-27	-42.4	-30.5	-69.3	-21.8	-86.8
Financing Cash Flow	-187.6	-246.1	218.9	7.6	-52.6	-348.3
Net Cash Flow	-58.7	-55.2	130.7	-43.9	134.6	-110.6
Free Cash Flow	0.8	-17	-245.8	-79.2	214.8	303.3
Free Cash Flow Growth	-97.06%	-	-	-	-29.18%	-9.41%
Free Cash Flow Margin	0.15%	-2.80%	-37.29%	-10.23%	25.90%	34.22%
Free Cash Flow Per Share	0.00	-0.08	-1.19	-0.38	1.00	1.68
Cash Interest Paid	14.8	13.6	19.7	38.5	52.3	50.6
Cash Income Tax Paid	10.4	18.2	14.8	34	24.9	34.9
Levered Free Cash Flow	-92.08	-251.95	-564.71	-316.61	-31.94	222.49
Unlevered Free Cash Flow	-76.76	-227.14	-533.46	-286.74	-1.44	258.86
Change in Working Capital	92.8	52	266.9	326	106.5	27.4

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.