Subsea 7 S.A. (OSL: SUBC)

Subsea 7 Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	439.9	750.9	645.6	597.6	511.6	397.7
Cash & Short-Term Investments	439.9	750.9	645.6	597.6	511.6	397.7
Cash Growth	-16.97%	16.31%	8.03%	16.81%	28.64%	-49.07%
Accounts Receivable	1,930	1,485	1,327	1,392	1,053	971.4
Other Receivables	463.4	246.4	192.1	101.3	79.4	131.5
Receivables	2,393	1,731	1,520	1,493	1,132	1,103
Inventory	62.8	60.1	49.5	40.3	26.4	31.2
Prepaid Expenses	-	152.4	111.6	116.8	120.5	52.2
Restricted Cash	4.5	7.4	4.4	5.7	7.1	4.3
Other Current Assets	71.1	162.9	90.7	74.8	37.7	20.3
Total Current Assets	2,972	2,865	2,421	2,328	1,835	1,609
Property, Plant & Equipment	4,486	4,489	4,164	4,287	4,196	4,750
Long-Term Investments	366.4	343.1	26.6	29.9	32.4	34.3
Goodwill	194	192.2	191.3	197.2	84.5	704.6
Other Intangible Assets	78.8	58.5	31.1	35	46	42.8
Long-Term Accounts Receivable	-	-	-	4.4	6.7	14.9
Long-Term Deferred Tax Assets	46.9	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	122.6	59.7	33.6	39.8	39.6	24.9
Total Assets	8,266	8,096	6,944	7,023	6,297	7,224
Accounts Payable	1,824	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	173.5	123.5	53.8	61.6	24.6	24.6
Current Portion of Leases	223.1	167.8	95.8	88	85.4	94
Current Income Taxes Payable	177.1	76.4	49.3	41.5	32.6	44.4
Current Unearned Revenue	457.2	428.7	320.9	206.6	281.9	164.1
Other Current Liabilities	71.9	357.7	131.9	154.2	177.6	115.7
Total Current Liabilities	2,926	2,616	1,884	1,871	1,551	1,265
Long-Term Debt	629.2	721.4	302.2	360.3	184.4	209
Long-Term Leases	271.4	290.5	161.2	142.9	168.6	251.2
Long-Term Deferred Tax Liabilities	42	43.2	54.4	46	32.2	34.9
Other Long-Term Liabilities	42.3	58.8	82.1	102.3	91.3	86.3
Total Liabilities	3,921	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	2,571	2,580	2,503	2,504	2,505	2,508
Retained Earnings	1,802	1,780	1,740	1,710	1,747	2,845
Treasury Stock	-67.8	-31.1	-75	-32.9	-17.8	-14
Comprehensive Income & Other	-604.4	-606.8	-626.8	-587.6	-602.3	-607.8
Total Common Equity	4,304	4,323	4,122	4,184	4,228	5,329
Minority Interest	40.9	34.1	329.1	304.5	27.3	34.3
Shareholders' Equity	4,345	4,357	4,451	4,488	4,255	5,363
Total Liabilities & Equity	8,266	8,096	6,944	7,023	6,297	7,224
Total Debt	1,297	1,303	613	652.8	463	578.8
Net Cash (Debt)	-857.3	-552.3	32.6	-55.2	48.6	-181.1
Net Cash Per Share	-2.85	-1.85	0.11	-0.18	0.16	-0.59
Filing Date Shares Outstanding	300.97	300.45	290.21	295.47	297.67	298.79
Total Common Shares Outstanding	300.97	300.45	290.21	295.47	297.67	298.79
Working Capital	45.2	248.8	536.9	457.4	284.2	343.7
Book Value Per Share	14.30	14.39	14.20	14.16	14.20	17.83
Tangible Book Value	4,032	4,072	3,899	3,952	4,097	4,581
Tangible Book Value Per Share	13.40	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.