Dolphin Drilling AS 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 2018
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 '18 Dec 31, 2018
Net Income	-91.86	-100.36	-43.96	-68.4	-77.9	-504.23
Depreciation & Amortization	27.08	20.98	8.89	9.56	14.12	210.4
Other Amortization	-	-	-	-	-	2.72
Loss (Gain) From Sale of Assets	0.02	1.52	-	0.88	-2.8	-0.04
Asset Writedown & Restructuring Costs	31.63	31.63	-12.34	0.65	32.78	191.09
Other Operating Activities	18.36	18.46	-7.35	3.83	5.98	1.77
Change in Accounts Receivable	-40.65	-26.95	-6.58	31.13	-4.07	-12.39
Change in Inventory	0.03	-1.97	-0.09	-0.78	18.37	-
Change in Accounts Payable	27.46	32.26	-10.93	4.89	-3.84	7.45
Change in Other Net Operating Assets	39.4	-	-	-	-	-13.52
Operating Cash Flow	11.47	-24.43	-72.35	-18.23	-17.36	-116.77
Capital Expenditures	-32	-32	-8.62	-14.63	-11.13	-31.37
Sale of Property, Plant & Equipment	5.9	5.9	-	0.67	3.51	0.1
Cash Acquisitions	-37.31	-37.31	-5.55	-	-	-
Sale (Purchase) of Intangibles	-	-	-	-	-2.16	-
Other Investing Activities	16	-	-	-	-	-
Investing Cash Flow	-47.4	-63.4	-14.17	-13.96	-9.78	-31.28
Short-Term Debt Issued	-	65	15	-	19.65	-
Total Debt Issued	65	65	15	-	19.65	-
Short-Term Debt Repaid	-	-	-0.15	-19.5	-	-
Long-Term Debt Repaid	-	-0.42	-0.57	-0.35	-7.37	-147.49
Total Debt Repaid	-0.42	-0.42	-0.72	-19.85	-7.37	-147.49
Net Debt Issued (Repaid)	64.58	64.58	14.28	-19.85	12.29	-147.49
Issuance of Common Stock	37.97	37.97	64.92	63.56	10	-
Other Financing Activities	-62.91	-5.81	1.53	-0.05	-2.38	-
Financing Cash Flow	39.65	96.75	80.73	43.66	19.9	-147.49
Foreign Exchange Rate Adjustments	-8.46	-8.46	4	1.02	0.48	-2.49
Net Cash Flow	-4.74	0.46	-1.79	12.49	-6.76	-298.02
Free Cash Flow	-20.52	-56.42	-80.97	-32.86	-28.49	-148.14
Free Cash Flow Margin	-11.33%	-58.25%	-110.17%	-156.43%	-23.55%	-101.83%
Free Cash Flow Per Share	-18.49	-63.34	-144.12	-161.10	-	-670.67
Cash Interest Paid	-	-	-	-	-	17.3
Cash Income Tax Paid	1.46	1.46	0.46	0.55	0.27	7.62
Levered Free Cash Flow	-	-24.16	-72.29	-7.75	-	-62.42
Unlevered Free Cash Flow	-	-17.66	-69.88	-6.24	-	-38.1
Change in Working Capital	26.25	3.35	-17.6	35.25	10.46	-18.47

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