Odfjell Drilling Cash Flow Statement

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
Net Income	172.9	64.7	222.1	129.6	74.4
Depreciation & Amortization	181.1	194.9	185.5	171.5	151.2
Other Amortization	-	0.1	-	-	0.1
Loss (Gain) From Sale of Assets	-	-	-	-0.6	-0.4
Asset Writedown & Restructuring Costs	-	-	-163.4	-	-
Loss (Gain) on Equity Investments	-	-	-	0.4	0.5
Other Operating Activities	36.2	12.7	25.4	-29.4	-11.3
Change in Accounts Receivable	-	-15.3	-11.4	-17.1	2.8
Change in Inventory	-	-	-	-0.4	-0.5
Change in Accounts Payable	-	4.4	-11.2	13.3	4.7
Change in Other Net Operating Assets	11.3	26.2	17.7	-4.7	-6.8
Operating Cash Flow	401.5	287.7	264.7	275.2	256.5
Operating Cash Flow Growth	39.55%	8.69%	-3.82%	7.29%	-25.81%
Capital Expenditures	-617.4	-132	-66.2	-66.6	-102.5
Sale of Property, Plant & Equipment	0.1	-	-	0.9	1
Divestitures	-	-	-	-	-0.5
Investment in Securities	-	-	-	-1.8	-
Other Investing Activities	0.1	1.7	-19.7	-43.5	4.6
Investing Cash Flow	-617.2	-130.3	-85.9	-111	-97.4
Long-Term Debt Issued	1,052	91.7	534.9	241.5	-
Long-Term Debt Repaid	-694.7	-198.2	-702.9	-335.7	-184.4
Net Debt Issued (Repaid)	356.8	-106.5	-168	-94.2	-184.4
Preferred Dividends Paid	-	-	-	-	-4.3
Common Dividends Paid	-159.5	-57.2	-28.4	-	-
Dividends Paid	-159.5	-57.2	-28.4	-2.2	-4.3
Other Financing Activities	-	-	-	-	-0.1
Financing Cash Flow	197.3	-163.7	-196.4	-171.6	-188.8
Foreign Exchange Rate Adjustments	3.7	-4.8	-10.3	-8.5	-4.2
Miscellaneous Cash Flow Adjustments	-0.1	-	-0.1	-	-
Net Cash Flow	-14.8	-11.1	-28	-15.9	-33.9
Free Cash Flow	-215.9	155.7	198.5	208.6	154
Free Cash Flow Growth	-	-21.56%	-4.84%	35.45%	-33.53%
Free Cash Flow Margin	-23.96%	20.07%	27.10%	32.12%	26.92%
Free Cash Flow Per Share	-0.90	0.65	0.84	0.88	0.65
Cash Income Tax Paid	11.6	8.4	6	2.1	1.7
Levered Free Cash Flow	-326.71	118.14	295	186.19	71.49
Unlevered Free Cash Flow	-291.4	160.26	342	220.81	104.36
Change in Working Capital	11.3	15.3	-4.9	-8.9	0.2

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.