Subsea 7 Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	1,073	969.7	575.3	750.9	645.6	597.6
Cash & Short-Term Investments	1,073	969.7	575.3	750.9	645.6	597.6
Cash Growth	133.81%	68.56%	-23.39%	16.31%	8.03%	16.81%
Accounts Receivable	1,735	1,391	1,370	1,485	1,327	1,392
Other Receivables	561.7	299	245.1	246.4	192.1	101.3
Receivables	2,297	1,690	1,615	1,731	1,520	1,493
Inventory	54.9	51.8	57.4	60.1	49.5	40.3
Prepaid Expenses	-	158.6	126.1	152.4	111.6	116.8
Restricted Cash	5.2	6	9.5	7.4	4.4	5.7
Other Current Assets	35.63	244.9	91.2	162.9	90.7	74.8
Total Current Assets	3,466	3,121	2,474	2,865	2,421	2,328
Property, Plant & Equipment	4,110	4,070	4,361	4,489	4,164	4,287
Long-Term Investments	371.1	371.3	368.3	343.1	26.6	29.9
Goodwill	172.8	157	183.7	192.2	191.3	197.2
Other Intangible Assets	106.4	111.7	87.6	58.5	31.1	35
Long-Term Accounts Receivable	-	-	-	-	-	4.4
Long-Term Deferred Tax Assets	121.1	119.3	93.6	50.9	38.7	58.7
Long-Term Deferred Charges	-	1.3	1.7	1.9	1.8	5.3
Other Long-Term Assets	75.3	60.6	110.3	59.7	33.6	39.8
Total Assets	8,422	8,031	7,680	8,096	6,944	7,023
Accounts Payable	1,691	388.5	391.3	355.4	324.8	280.2
Accrued Expenses	-	1,075	997.5	1,107	907.9	1,039
Current Portion of Long-Term Debt	191.4	181.3	138.2	123.5	53.8	61.6
Current Portion of Leases	150.2	164.9	223.8	167.8	95.8	88
Current Income Taxes Payable	132.4	113.9	125	76.4	49.3	41.5
Current Unearned Revenue	851.2	720.1	419.4	428.7	320.9	206.6
Other Current Liabilities	122.79	174.8	138.7	357.7	131.9	154.2
Total Current Liabilities	3,139	2,818	2,434	2,616	1,884	1,871
Long-Term Debt	347	402.4	583.8	721.4	302.2	360.3
Long-Term Leases	186.8	184.9	231.1	290.5	161.2	142.9
Pension & Post-Retirement Benefits	13.9	13.8	8.1	8.4	9.2	12.3
Long-Term Deferred Tax Liabilities	122.5	121.5	87.3	43.2	54.4	46
Other Long-Term Liabilities	63.6	44.7	41.2	58.8	82.1	102.3
Total Liabilities	3,873	3,586	3,385	3,738	2,494	2,534
Common Stock	599.2	592.3	591.2	600.9	580.4	590.9
Additional Paid-In Capital	2,555	2,552	2,546	2,580	2,503	2,504
Retained Earnings	1,958	1,858	1,825	1,780	1,740	1,710
Treasury Stock	-60.2	-60.2	-69.1	-31.1	-75	-32.9
Comprehensive Income & Other	-538	-534.9	-642.2	-606.8	-626.8	-587.6
Total Common Equity	4,514	4,406	4,250	4,323	4,122	4,184
Minority Interest	34.9	38.5	44.6	34.1	329.1	304.5
Shareholders' Equity	4,549	4,445	4,295	4,357	4,451	4,488
Total Liabilities & Equity	8,422	8,031	7,680	8,096	6,944	7,023
Total Debt	875.4	933.5	1,177	1,303	613	652.8
Net Cash (Debt)	197.77	36.2	-601.6	-552.3	32.6	-55.2
Net Cash Per Share	0.66	0.12	-2.01	-1.85	0.11	-0.18
Filing Date Shares Outstanding	296.14	296.14	295.61	300.45	290.21	295.47
Total Common Shares Outstanding	296.14	296.14	295.61	300.45	290.21	295.47
Working Capital	326.4	302.4	40.2	248.8	536.9	457.4
Book Value Per Share	15.24	14.88	14.38	14.39	14.20	14.16
Tangible Book Value	4,235	4,138	3,979	4,072	3,899	3,952
Tangible Book Value Per Share	14.30	13.97	13.46	13.55	13.44	13.37
Land	-	501.4	473.7	496.4	517.2	523.1
Machinery	-	7,357	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.