Subsea 7 Cash Flow Statement

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
Net Income	411.4	201.4	15.4	57.1	31.8
Depreciation & Amortization	679.2	601.6	521.7	453.1	430.7
Other Amortization	-	20.9	16.3	14.5	13.1
Loss (Gain) From Sale of Assets	-2.4	1	0.8	-0.3	-3
Asset Writedown & Restructuring Costs	31.2	22	70.9	-57	5.4
Loss (Gain) From Sale of Investments	1.7	-	-	-	-
Loss (Gain) on Equity Investments	-38	-38	-8.2	3	-3.9
Stock-Based Compensation	8.7	6.2	4.9	3.5	3.9
Provision & Write-off of Bad Debts	-	-	19	-	-
Other Operating Activities	145.2	60.8	14.8	20	16.6
Change in Accounts Receivable	-46.5	-152.8	-215.4	-35.2	-427.8
Change in Inventory	0.4	0.9	-10	-9.7	-9.3
Change in Accounts Payable	-10.8	24.2	221.3	-26.3	408.9
Change in Unearned Revenue	379	186.1	69.2	144.6	-71.7
Change in Other Net Operating Assets	-88.4	-2.9	-60.7	-81.5	-101.7
Operating Cash Flow	1,471	931.4	660	485.8	293
Operating Cash Flow Growth	57.90%	41.12%	35.86%	65.80%	-34.42%
Capital Expenditures	-281	-348.7	-581.2	-231	-166.5
Sale of Property, Plant & Equipment	1.8	59.7	-	0.8	6.6
Cash Acquisitions	-2.8	-	-	-	4.5
Investment in Securities	-	-153.3	-154.6	-	1.2
Other Investing Activities	68.4	28.7	25.6	10.1	-29.5
Investing Cash Flow	-213.6	-413.6	-710.2	-220.1	-183.7
Long-Term Debt Issued	50	170	1,061	-	200
Long-Term Debt Repaid	-456.2	-484.4	-702.9	-161	-111
Net Debt Issued (Repaid)	-406.2	-314.4	358	-161	89
Repurchase of Common Stock	-	-87.3	-	-46	-21
Common Dividends Paid	-376.2	-162.9	-112.1	-31.7	-
Other Financing Activities	-91.4	-115.6	-94.8	27.5	-18.8
Financing Cash Flow	-873.8	-680.2	151.1	-211.2	-22.8
Foreign Exchange Rate Adjustments	7.6	-11.1	7.4	-7.8	-1.9
Miscellaneous Cash Flow Adjustments	3.5	-2.1	-3	1.3	1.4
Net Cash Flow	394.4	-175.6	105.3	48	86
Free Cash Flow	1,190	582.7	78.8	254.8	126.5
Free Cash Flow Growth	104.17%	639.47%	-69.07%	101.42%	-56.30%
Free Cash Flow Margin	16.79%	8.52%	1.32%	4.96%	2.53%
Free Cash Flow Per Share	4.00	1.94	0.26	0.87	0.42
Cash Interest Paid	91.4	109.2	82.2	27.1	18.8
Cash Income Tax Paid	198.6	77	83.5	103.2	67.5
Levered Free Cash Flow	970.34	447.49	273.65	252.66	187.59
Unlevered Free Cash Flow	1,025	510.74	318.15	267.85	200.15
Change in Working Capital	233.7	55.5	4.4	-8.1	-201.6

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