Odfjell Drilling Ltd. (OSL: ODL)

Odfjell Drilling Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	118.4	129.2	157.2	173	206.9	169.69
Short-Term Investments	-	1.6	-	-	-	-
Cash & Short-Term Investments	118.4	130.8	157.2	173	206.9	169.69
Cash Growth	-3.11%	-16.79%	-9.13%	-16.38%	21.92%	-2.90%
Accounts Receivable	111.8	108.4	99.6	164.7	171.79	183.55
Other Receivables	-	4	2.9	10.8	7.45	4.61
Receivables	111.8	112.4	102.5	175.5	179.24	188.16
Inventory	-	-	-	2.5	2.07	1.87
Prepaid Expenses	-	8	4.3	9.3	10.66	9.04
Other Current Assets	14.7	3	6.1	8	5.73	4.58
Total Current Assets	244.9	254.2	270.1	368.3	404.58	373.35
Property, Plant & Equipment	1,950	2,013	1,938	2,109	2,203	2,281
Long-Term Investments	-	-	7.5	5.5	-	1.61
Goodwill	2.8	2.9	3	18.4	19.74	18.44
Other Intangible Assets	-	0.1	0.4	10.1	9.15	11.24
Long-Term Deferred Tax Assets	6.6	8.5	0.4	1.3	1.04	0.78
Other Long-Term Assets	29.2	30.1	-	2.7	2.59	0.12
Total Assets	2,233	2,309	2,219	2,515	2,640	2,686
Accounts Payable	33.9	48.9	35.8	43.2	52.67	46.17
Accrued Expenses	-	51.7	36.3	79.2	85.01	69.37
Current Portion of Long-Term Debt	104.7	149.6	313.5	161.1	515.8	216.58
Current Portion of Leases	15.9	24.9	26.5	7.8	7.63	7.76
Current Income Taxes Payable	-	8.6	5.8	2.7	0.37	0.59
Current Unearned Revenue	40.1	22.1	13.7	21.8	14	39.27
Other Current Liabilities	51.1	6.7	5.1	2	6.59	12.56
Total Current Liabilities	245.7	312.5	436.7	317.8	682.06	392.29
Long-Term Debt	548	563.1	529	878.4	707.17	1,174
Long-Term Leases	30.6	38.4	41.7	38.3	36.92	38.9
Long-Term Unearned Revenue	-	-	-	5.6	3.69	1.56
Other Long-Term Liabilities	0.6	0.1	2.8	0.9	5.25	9.11
Total Liabilities	824.9	914.8	1,011	1,247	1,442	1,624
Common Stock	2.4	2.4	2.5	2.4	2.37	2.37
Additional Paid-In Capital	383.8	367.8	367.9	562.5	562.43	562.43
Retained Earnings	-	1,113	919.7	812.7	742.94	605.46
Treasury Stock	-	-	-0.2	-	-	-
Comprehensive Income & Other	1,022	-89.3	-81.4	-109.5	-110.03	-108.04
Total Common Equity	1,409	1,394	1,209	1,268	1,198	1,062
Minority Interest	-	-	-	-	0.64	-
Shareholders' Equity	1,409	1,394	1,209	1,268	1,199	1,062
Total Liabilities & Equity	2,233	2,309	2,219	2,515	2,640	2,686
Total Debt	699.2	776	910.7	1,086	1,268	1,438
Net Cash (Debt)	-580.8	-645.2	-753.5	-912.6	-1,061	-1,268
Net Cash Per Share	-2.44	-2.72	-3.18	-3.85	-4.48	-5.36
Filing Date Shares Outstanding	239.81	236.78	236.78	236.78	236.78	236.78
Total Common Shares Outstanding	239.81	236.78	236.78	236.78	236.78	236.78
Working Capital	-0.8	-58.3	-166.6	50.5	-277.48	-18.94
Book Value Per Share	5.87	5.89	5.10	5.36	5.06	4.49
Tangible Book Value	1,406	1,391	1,205	1,240	1,169	1,033
Tangible Book Value Per Share	5.86	5.87	5.09	5.24	4.94	4.36
Machinery	-	3,006	2,979	3,353	3,308	3,491
Order Backlog	-	2,100	1,900	-	-	-

Source: S&P Capital IQ. Standard template. Financial Sources.