Subsea 7 S.A. (OSL: SUBC)

Subsea 7 Balance Sheet

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

Fiscal Year	TTM	2023	2022	2021	2020	2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	289.6	750.9	645.6	597.6	511.6	397.7
Cash & Short-Term Investments	289.6	750.9	645.6	597.6	511.6	397.7
Cash Growth	-27.16%	16.31%	8.03%	16.81%	28.64%	-49.07%
Accounts Receivable	1,700	1,485	1,327	1,392	1,053	971.4
Other Receivables	423.3	246.4	192.1	101.3	79.4	131.5
Receivables	2,123	1,731	1,520	1,493	1,132	1,103
Inventory	64.1	60.1	49.5	40.3	26.4	31.2
Prepaid Expenses	-	152.4	111.6	116.8	120.5	52.2
Restricted Cash	87.9	7.4	4.4	5.7	7.1	4.3
Other Current Assets	69.6	162.9	90.7	74.8	37.7	20.3
Total Current Assets	2,635	2,865	2,421	2,328	1,835	1,609
Property, Plant & Equipment	4,482	4,489	4,164	4,287	4,196	4,750
Long-Term Investments	360.5	343.1	26.6	29.9	32.4	34.3
Goodwill	191.8	192.2	191.3	197.2	84.5	704.6
Other Intangible Assets	66.8	58.5	31.1	35	46	42.8
Long-Term Accounts Receivable	-	-	-	4.4	6.7	14.9
Long-Term Deferred Tax Assets	48.3	50.9	38.7	58.7	49.5	36.1
Long-Term Deferred Charges	-	1.9	1.8	5.3	1.4	0.6
Other Long-Term Assets	119.9	59.7	33.6	39.8	39.6	24.9
Total Assets	7,904	8,096	6,944	7,023	6,297	7,224
Accounts Payable	1,717	355.4	324.8	280.2	301.4	176.7
Accrued Expenses	-	1,107	907.9	1,039	647.7	645.4
Current Portion of Long-Term Debt	123.5	123.5	53.8	61.6	24.6	24.6
Current Portion of Leases	212.2	167.8	95.8	88	85.4	94
Current Income Taxes Payable	117.4	76.4	49.3	41.5	32.6	44.4
Current Unearned Revenue	313.9	428.7	320.9	206.6	281.9	164.1
Other Current Liabilities	87.4	357.7	131.9	154.2	177.6	115.7
Total Current Liabilities	2,571	2,616	1,884	1,871	1,551	1,265
Long-Term Debt	659.9	721.4	302.2	360.3	184.4	209
Long-Term Leases	321.1	290.5	161.2	142.9	168.6	251.2
Long-Term Deferred Tax Liabilities	41.5	43.2	54.4	46	32.2	34.9
Other Long-Term Liabilities	51.2	58.8	82.1	102.3	91.3	86.3
Total Liabilities	3,654	3,738	2,494	2,534	2,042	1,861
Common Stock	604.4	600.9	580.4	590.9	595.3	597.6
Additional Paid-In Capital	2,569	2,580	2,503	2,504	2,505	2,508
Retained Earnings	1,708	1,780	1,740	1,710	1,747	2,845
Treasury Stock	-47.7	-31.1	-75	-32.9	-17.8	-14
Comprensive Income & Other	-619.2	-606.8	-626.8	-587.6	-602.3	-607.8
Total Common Equity	4,215	4,323	4,122	4,184	4,228	5,329
Minority Interest	35.6	34.1	329.1	304.5	27.3	34.3
Shareholders' Equity	4,250	4,357	4,451	4,488	4,255	5,363
Total Liabilities & Equity	7,904	8,096	6,944	7,023	6,297	7,224
Total Debt	1,317	1,303	613	652.8	463	578.8
Net Cash (Debt)	-1,027	-552.3	32.6	-55.2	48.6	-181.1
Net Cash Per Share	-3.41	-1.85	0.11	-0.18	0.16	-0.59
Filing Date Shares Outstanding	298.94	300.45	290.21	295.47	297.67	298.79
Total Common Shares Outstanding	298.94	300.45	290.21	295.47	297.67	298.79
Working Capital	63.6	248.8	536.9	457.4	284.2	343.7
Book Value Per Share	14.10	14.39	14.20	14.16	14.20	17.83
Tangible Book Value	3,956	4,072	3,899	3,952	4,097	4,581
Tangible Book Value Per Share	13.23	13.55	13.44	13.37	13.76	15.33
Land	-	496.4	517.2	523.1	518.6	523
Machinery	-	7,256	6,866	7,015	6,996	6,895
Order Backlog	-	10,587	9,008	7,212	6,214	5,187

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