Reach Subsea ASA (OSL: REACH)

Reach Subsea ASA Balance Sheet

Financials in millions NOK. 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	259.18	436.42	191.59	149.04	105.4	38.66
Cash & Short-Term Investments	259.18	436.42	191.59	149.04	105.4	38.66
Cash Growth	89.79%	127.79%	28.55%	41.40%	172.64%	-38.91%
Accounts Receivable	658.37	314.17	283.78	181.38	131.31	118.07
Other Receivables	70.49	26.54	13.02	7.78	0.11	-
Receivables	728.86	340.7	296.8	189.16	131.43	118.07
Inventory	33.21	28.42	9.88	8.13	1.38	6.7
Prepaid Expenses	-	15.37	5.78	7.62	3.78	4.71
Other Current Assets	0	0	0	-	0	-0
Total Current Assets	1,021	820.91	504.06	353.95	241.98	168.13
Property, Plant & Equipment	2,057	1,613	325.77	350.97	90.1	247.8
Long-Term Investments	131.58	113.45	-	-	22.77	21.29
Goodwill	109.59	109.59	86.72	-	-	-
Other Intangible Assets	24.63	28.63	8.75	-	-	-
Long-Term Deferred Tax Assets	13.92	-	24.92	40.15	8.16	8.16
Long-Term Deferred Charges	1.97	2.14	1.87	1.46	-	-
Other Long-Term Assets	-	-	0	-	-	-0
Total Assets	3,360	2,688	952.09	746.53	363.01	445.38
Accounts Payable	235.44	205.77	102.43	63.47	65.06	53.98
Accrued Expenses	-	233.72	129.38	75.95	41.93	5.23
Current Portion of Long-Term Debt	17.22	5.82	20.75	11.58	5	5
Current Portion of Leases	743.22	390.39	101	181.3	23.63	93.52
Current Income Taxes Payable	90.52	41.03	7.85	-	-1.91	-
Other Current Liabilities	320.89	9.23	2	7.75	6.43	37.81
Total Current Liabilities	1,407	885.96	363.4	340.06	140.13	195.55
Long-Term Debt	65.84	24.62	4.85	13.94	7.5	12.5
Long-Term Leases	858.95	838.73	4.39	105.73	5.23	71.5
Long-Term Deferred Tax Liabilities	-	10.57	-	-	-	-
Other Long-Term Liabilities	-	0	-	-	0	-0
Total Liabilities	2,332	1,760	372.64	459.72	152.86	279.55
Common Stock	271.77	271.77	225.73	144.94	143.61	143.55
Additional Paid-In Capital	388.27	388.27	267.35	85.93	83.53	105.03
Retained Earnings	342.68	257.17	78.48	49.28	-23.64	-88.97
Comprehensive Income & Other	25.15	10.79	7.89	6.66	6.66	6.23
Shareholders' Equity	1,028	928.01	579.44	286.81	210.15	165.83
Total Liabilities & Equity	3,360	2,688	952.09	746.53	363.01	445.38
Total Debt	1,685	1,260	130.99	312.56	41.36	182.52
Net Cash (Debt)	-1,426	-823.14	60.6	-163.52	64.04	-143.86
Net Cash Per Share	-5.46	-3.21	0.29	-1.14	0.45	-0.99
Filing Date Shares Outstanding	271.77	271.77	255.45	224.91	143.61	143.55
Total Common Shares Outstanding	271.77	271.77	225.73	144.94	143.61	143.55
Working Capital	-386.03	-65.05	140.65	13.89	101.85	-27.42
Book Value Per Share	3.78	3.41	2.57	1.98	1.46	1.16
Tangible Book Value	893.66	789.79	483.97	286.81	210.15	165.83
Tangible Book Value Per Share	3.29	2.91	2.14	1.98	1.46	1.16
Machinery	632.63	-	-	-	145.34	-
Order Backlog	-	1,600	740	-	-	-

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