Subsea 7 Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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	1,046	969.7	575.3	750.9	645.6	597.6
Cash & Short-Term Investments	1,046	969.7	575.3	750.9	645.6	597.6
Cash Growth	153.04%	68.56%	-23.39%	16.31%	8.03%	16.81%
Accounts Receivable	1,569	1,391	1,370	1,485	1,327	1,392
Other Receivables	570	299	245.1	246.4	192.1	101.3
Receivables	2,139	1,690	1,615	1,731	1,520	1,493
Inventory	69.2	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	17.7	244.9	91.2	162.9	90.7	74.8
Total Current Assets	3,277	3,121	2,474	2,865	2,421	2,328
Property, Plant & Equipment	4,105	4,070	4,361	4,489	4,164	4,287
Long-Term Investments	377.6	371.3	368.3	343.1	26.6	29.9
Goodwill	172.2	157	183.7	192.2	191.3	197.2
Other Intangible Assets	107.4	111.7	87.6	58.5	31.1	35
Long-Term Accounts Receivable	-	-	-	-	-	4.4
Long-Term Deferred Tax Assets	120.5	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	68	60.6	110.3	59.7	33.6	39.8
Total Assets	8,227	8,031	7,680	8,096	6,944	7,023

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Accounts Payable	1,679	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	181.3	181.3	138.2	123.5	53.8	61.6
Current Portion of Leases	146.9	164.9	223.8	167.8	95.8	88
Current Income Taxes Payable	211.1	113.9	125	76.4	49.3	41.5
Current Unearned Revenue	821.2	720.1	419.4	428.7	320.9	206.6
Other Current Liabilities	103.3	174.8	138.7	357.7	131.9	154.2
Total Current Liabilities	3,143	2,818	2,434	2,616	1,884	1,871
Long-Term Debt	311.3	402.4	583.8	721.4	302.2	360.3
Long-Term Leases	216.2	184.9	231.1	290.5	161.2	142.9
Pension & Post-Retirement Benefits	14	13.8	8.1	8.4	9.2	12.3
Long-Term Deferred Tax Liabilities	115.4	121.5	87.3	43.2	54.4	46
Other Long-Term Liabilities	48.5	44.7	41.2	58.8	82.1	102.3
Total Liabilities	3,848	3,586	3,385	3,738	2,494	2,534

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Common Stock	599.2	592.3	591.2	600.9	580.4	590.9
Additional Paid-In Capital	2,564	2,552	2,546	2,580	2,503	2,504
Retained Earnings	1,798	1,858	1,825	1,780	1,740	1,710
Treasury Stock	-60	-60.2	-69.1	-31.1	-75	-32.9
Comprehensive Income & Other	-558.1	-534.9	-642.2	-606.8	-626.8	-587.6
Total Common Equity	4,343	4,406	4,250	4,323	4,122	4,184
Minority Interest	35.8	38.5	44.6	34.1	329.1	304.5
Shareholders' Equity	4,379	4,445	4,295	4,357	4,451	4,488
Total Liabilities & Equity	8,227	8,031	7,680	8,096	6,944	7,023

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Total Debt	855.7	933.5	1,177	1,303	613	652.8
Net Cash (Debt)	190.1	36.2	-601.6	-552.3	32.6	-55.2
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	0.64	0.12	-2.01	-1.85	0.11	-0.18
Filing Date Shares Outstanding	296.15	296.14	295.61	300.45	290.21	295.47
Total Common Shares Outstanding	296.15	296.14	295.61	300.45	290.21	295.47
Working Capital	133.6	302.4	40.2	248.8	536.9	457.4
Book Value Per Share	14.66	14.88	14.38	14.39	14.20	14.16
Tangible Book Value	4,063	4,138	3,979	4,072	3,899	3,952
Tangible Book Value Per Share	13.72	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