Solstad Offshore ASA 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	139.4	115.19	34.02	-34.88	-125.14
Depreciation & Amortization	51.67	80.05	108.8	101.16	143.49
Loss (Gain) From Sale of Assets	-63.39	-86.37	-51.94	-18.26	10.81
Asset Writedown & Restructuring Costs	-4.43	-47.86	29.29	-59.3	5.11
Other Operating Activities	16.68	48.35	193.3	228.04	130.63
Change in Accounts Receivable	40.92	-41.98	-36.14	-27.32	3.95
Change in Other Net Operating Assets	-33.03	53.53	29.92	-12.14	-11.8
Operating Cash Flow	147.81	120.91	263.86	146.75	157.07
Operating Cash Flow Growth	22.25%	-54.18%	79.80%	-6.57%	73.49%
Capital Expenditures	-7.69	-7.6	-62.16	-62.21	-36.87
Sale of Property, Plant & Equipment	-	0.03	711.32	45.7	32.94
Divestitures	-	-122.4	-	-	-
Investment in Securities	-7.34	-0.99	-7.89	-	-
Other Investing Activities	32.89	1,094	13.59	3.97	1.26
Investing Cash Flow	17.87	963.1	654.86	-12.54	-2.67
Long-Term Debt Issued	-	99.1	-	-	-
Long-Term Debt Repaid	-87.94	-1,264	-817.95	-58.3	-69.32
Total Debt Repaid	-87.94	-1,264	-817.95	-58.3	-69.32
Net Debt Issued (Repaid)	-87.94	-1,165	-817.95	-58.3	-69.32
Issuance of Common Stock	-	-	1.39	-	-
Other Financing Activities	-35.37	-33.35	-136.69	-108.89	-80.4
Financing Cash Flow	-127.44	-1,198	-953.25	-167.19	-149.72
Foreign Exchange Rate Adjustments	2.3	-1.92	6.22	3.65	0.67
Miscellaneous Cash Flow Adjustments	-	-	-	-0	-
Net Cash Flow	40.54	-116.07	-28.31	-29.33	5.35
Free Cash Flow	140.12	113.31	201.7	84.54	120.19
Free Cash Flow Growth	23.66%	-43.82%	138.58%	-29.66%	230.43%
Free Cash Flow Margin	48.31%	43.94%	30.39%	18.17%	20.65%
Free Cash Flow Per Share	1.70	1.38	2.58	1.10	1.60
Cash Interest Paid	35.37	33.35	136.69	108.89	80.4
Levered Free Cash Flow	89.07	1,151	-1,092	-54.19	21.8
Unlevered Free Cash Flow	111.47	1,184	-988.67	13.26	92.99
Change in Working Capital	7.89	11.54	-6.22	-39.46	-7.84

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