Subsea 7 Balance Sheet

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
Cash & Equivalents	969.7	575.3	750.9	645.6	597.6
Cash & Short-Term Investments	969.7	575.3	750.9	645.6	597.6
Cash Growth	68.56%	-23.39%	16.31%	8.03%	16.81%
Accounts Receivable	1,438	1,370	1,485	1,327	1,392
Other Receivables	434.1	245.1	246.4	192.1	101.3
Receivables	1,873	1,615	1,731	1,520	1,493
Inventory	51.8	57.4	60.1	49.5	40.3
Prepaid Expenses	-	126.1	152.4	111.6	116.8
Restricted Cash	6	9.5	7.4	4.4	5.7
Other Current Assets	220.8	91.2	162.9	90.7	74.8
Total Current Assets	3,121	2,474	2,865	2,421	2,328
Property, Plant & Equipment	4,070	4,361	4,489	4,164	4,287
Long-Term Investments	371.3	368.3	343.1	26.6	29.9
Goodwill	157	183.7	192.2	191.3	197.2
Other Intangible Assets	111.7	87.6	58.5	31.1	35
Long-Term Accounts Receivable	-	-	-	-	4.4
Long-Term Deferred Tax Assets	119.3	93.6	50.9	38.7	58.7
Long-Term Deferred Charges	-	1.7	1.9	1.8	5.3
Other Long-Term Assets	80.7	79.1	59.7	33.6	39.8
Total Assets	8,031	7,680	8,096	6,944	7,023
Accounts Payable	1,502	391.3	355.4	324.8	280.2
Accrued Expenses	-	997.5	1,107	907.9	1,039
Current Portion of Long-Term Debt	181.3	138.2	123.5	53.8	61.6
Current Portion of Leases	164.9	223.8	167.8	95.8	88
Current Income Taxes Payable	113.9	125	76.4	49.3	41.5
Current Unearned Revenue	720.1	419.4	428.7	320.9	206.6
Other Current Liabilities	136.3	138.7	357.7	131.9	154.2
Total Current Liabilities	2,818	2,434	2,616	1,884	1,871
Long-Term Debt	402.4	583.8	721.4	302.2	360.3
Long-Term Leases	184.9	231.1	290.5	161.2	142.9
Pension & Post-Retirement Benefits	13.8	8.1	8.4	9.2	12.3
Long-Term Deferred Tax Liabilities	121.5	87.3	43.2	54.4	46
Other Long-Term Liabilities	44.7	41.2	58.8	82.1	102.3
Total Liabilities	3,586	3,385	3,738	2,494	2,534
Common Stock	599.2	591.2	600.9	580.4	590.9
Additional Paid-In Capital	2,552	2,546	2,580	2,503	2,504
Retained Earnings	1,858	1,825	1,780	1,740	1,710
Treasury Stock	-60.2	-69.1	-31.1	-75	-32.9
Comprehensive Income & Other	-541.8	-642.2	-606.8	-626.8	-587.6
Total Common Equity	4,406	4,250	4,323	4,122	4,184
Minority Interest	38.5	44.6	34.1	329.1	304.5
Shareholders' Equity	4,445	4,295	4,357	4,451	4,488
Total Liabilities & Equity	8,031	7,680	8,096	6,944	7,023
Total Debt	933.5	1,177	1,303	613	652.8
Net Cash (Debt)	36.2	-601.6	-552.3	32.6	-55.2
Net Cash Per Share	0.12	-2.01	-1.85	0.11	-0.18
Filing Date Shares Outstanding	296.14	295.61	300.45	290.21	295.47
Total Common Shares Outstanding	296.14	295.61	300.45	290.21	295.47
Working Capital	302.4	40.2	248.8	536.9	457.4
Book Value Per Share	14.88	14.38	14.39	14.20	14.16
Tangible Book Value	4,138	3,979	4,072	3,899	3,952
Tangible Book Value Per Share	13.97	13.46	13.55	13.44	13.37
Land	-	473.7	496.4	517.2	523.1
Machinery	-	7,260	7,256	6,866	7,015
Order Backlog	13,769	11,175	10,587	9,008	7,212

Source: S&P Global Market Intelligence. Standard template. Financial Sources.