Solstad Offshore ASA (OSL:SOFF)

Solstad Offshore ASA Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	87	33.61	49.41	220.27	279.12	281.4
Short-Term Investments	-	-	-	2.13	1.73	1.3
Cash & Short-Term Investments	87	33.61	49.41	222.4	280.84	282.69
Cash Growth	65.19%	-31.97%	-77.78%	-20.81%	-0.65%	117.56%
Accounts Receivable	73	63.07	62.33	147.29	102.65	106.39
Other Receivables	24	24.7	20.36	26.94	32.48	36.04
Receivables	97	87.77	82.69	174.23	135.13	142.43
Inventory	2	2.38	2.28	23.16	19.64	19.29
Prepaid Expenses	-	0.06	2.31	14.58	5.37	3.84
Other Current Assets	-	5.17	1,367	48.98	21.25	3.13
Total Current Assets	186	128.99	1,503	483.35	462.24	451.37
Property, Plant & Equipment	416	427.61	404.78	2,129	2,344	2,563
Long-Term Investments	249	224.73	18.66	16.4	10.83	13.3
Other Intangible Assets	-	-	-	-	-	0.87
Long-Term Deferred Tax Assets	-	-	0.21	0.44	1.65	0.65
Other Long-Term Assets	4	3.32	3.17	5.79	6.33	5.37
Total Assets	861	790.6	1,936	2,641	2,831	3,041
Accounts Payable	-	17.77	13.68	70.5	62.66	62.12
Accrued Expenses	-	18.87	15.33	29.81	28.29	32.17
Current Portion of Long-Term Debt	27	24.36	1,122	249.76	50.69	109.78
Current Portion of Leases	57	61.38	193.83	14.93	279.95	298.55
Current Income Taxes Payable	-	2.59	2.44	23.18	20.06	19.6
Current Unearned Revenue	-	-	-	0.37	-	-
Other Current Liabilities	75	21.6	168.86	20.48	12.87	19.71
Total Current Liabilities	159	146.58	1,516	409.04	454.53	541.93
Long-Term Debt	117	132.22	62.19	1,689	1,989	1,970
Long-Term Leases	210	223.09	177.08	361.85	31.87	29.78
Pension & Post-Retirement Benefits	-	-	0.51	2.07	2.94	2.92
Long-Term Deferred Tax Liabilities	-	0.91	-	-	-	-
Other Long-Term Liabilities	-	0.09	0.21	1.26	1.97	1.5
Total Liabilities	486	502.89	1,756	2,463	2,481	2,546
Common Stock	65	7.25	8.12	7.85	8.58	8.74
Additional Paid-In Capital	-	16.68	18.68	18.31	20.08	20.48
Retained Earnings	-	242.06	115.96	78.83	214.39	349.45
Comprehensive Income & Other	302	16.54	37.43	73.91	107.47	114.53
Total Common Equity	367	282.53	180.19	178.9	350.52	493.19
Minority Interest	8	5.18	-0.26	-0.95	-0.52	1.85
Shareholders' Equity	375	287.71	179.93	177.95	350	495.04
Total Liabilities & Equity	861	790.6	1,936	2,641	2,831	3,041
Total Debt	411	441.05	1,555	2,315	2,352	2,408
Net Cash (Debt)	-324	-407.44	-1,506	-2,093	-2,071	-2,126
Net Cash Per Share	-	-4.95	-19.23	-27.20	-27.57	-28.39
Filing Date Shares Outstanding	-	82.35	82.35	77.31	75.61	74.87
Total Common Shares Outstanding	-	82.35	82.35	77.31	75.61	74.87
Working Capital	27	-17.59	-13.13	74.31	7.71	-90.56
Book Value Per Share	-	3.43	2.19	2.31	4.64	6.59
Tangible Book Value	367	282.53	180.19	178.9	350.52	492.32
Tangible Book Value Per Share	-	3.43	2.19	2.31	4.64	6.58
Machinery	-	1,297	1,439	3,055	3,477	3,790
Order Backlog	-	501.72	739.62	649.61	635.64	606.68

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.