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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	221.51	436.42	191.59	149.04	105.4	38.66
Cash & Short-Term Investments	221.51	436.42	191.59	149.04	105.4	38.66
Cash Growth	71.93%	127.79%	28.55%	41.40%	172.64%	-38.91%
Accounts Receivable	544.36	314.17	283.78	181.38	131.31	118.07
Other Receivables	58.07	26.54	13.02	7.78	0.11	-
Receivables	602.43	340.7	296.8	189.16	131.43	118.07
Inventory	33.31	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
Total Current Assets	857.25	820.91	504.06	353.95	241.98	168.13
Property, Plant & Equipment	2,132	1,613	325.77	350.97	90.1	247.8
Long-Term Investments	121.35	113.45	-	-	22.77	21.29
Goodwill	109.59	109.59	86.72	-	-	-
Other Intangible Assets	25.96	28.63	8.75	-	-	-
Long-Term Deferred Tax Assets	11.76	-	24.92	40.15	8.16	8.16
Long-Term Deferred Charges	2.03	2.14	1.87	1.46	-	-
Other Long-Term Assets	-0	-	0	-	-	-0
Total Assets	3,260	2,688	952.09	746.53	363.01	445.38
Accounts Payable	246	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	13.73	5.82	20.75	11.58	5	5
Current Portion of Leases	698.43	390.39	101	181.3	23.63	93.52
Current Income Taxes Payable	67.91	41.03	7.85	-	-1.91	-
Other Current Liabilities	228.3	9.23	2	7.75	6.43	37.81
Total Current Liabilities	1,254	885.96	363.4	340.06	140.13	195.55
Long-Term Debt	42.63	24.62	4.85	13.94	7.5	12.5
Long-Term Leases	1,032	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	2,329	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	251.24	257.17	78.48	49.28	-23.64	-88.97
Comprensive Income & Other	19.47	10.79	7.89	6.66	6.66	6.23
Shareholders' Equity	930.75	928.01	579.44	286.81	210.15	165.83
Total Liabilities & Equity	3,260	2,688	952.09	746.53	363.01	445.38
Total Debt	1,787	1,260	130.99	312.56	41.36	182.52
Net Cash (Debt)	-1,566	-823.14	60.6	-163.52	64.04	-143.86
Net Cash Per Share	-5.72	-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	-397.12	-65.05	140.65	13.89	101.85	-27.42
Book Value Per Share	3.42	3.41	2.57	1.98	1.46	1.16
Tangible Book Value	795.2	789.79	483.97	286.81	210.15	165.83
Tangible Book Value Per Share	2.93	2.91	2.14	1.98	1.46	1.16
Machinery	511.27	-	-	-	145.34	-
Order Backlog	-	1,600	740	-	-	-

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