Frontline Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2016 - 2020
Period Ending	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2016 - 2020
Cash & Equivalents	436.54	413.53	308.32	254.53	113.07	174.72	Upgrade
Short-Term Investments	1.88	4.03	7.43	236.28	2.44	2.64	Upgrade
Trading Asset Securities	-	2	-	-	-	-	Upgrade
Cash & Short-Term Investments	438.42	419.56	315.75	490.81	115.51	177.36	Upgrade
Cash Growth	44.45%	32.87%	-35.67%	324.91%	-34.87%	-0.28%	Upgrade
Accounts Receivable	-	226.38	242.09	237.15	105.8	80.51	Upgrade
Other Receivables	-	11.32	11.91	26.44	16.64	31.37	Upgrade
Receivables	-	237.7	254	263.59	122.44	111.88	Upgrade
Inventory	-	137	135.16	107.11	80.79	57.86	Upgrade
Prepaid Expenses	-	14.46	15.75	14.26	8.9	7.73	Upgrade
Restricted Cash	-	-	-	-	-	14.93	Upgrade
Other Current Assets	397.15	17.3	7.26	5.29	5.11	8.56	Upgrade
Total Current Assets	835.56	826.01	727.93	881.05	332.75	378.32	Upgrade
Property, Plant & Equipment	5,166	5,248	4,635	3,702	3,647	3,418	Upgrade
Long-Term Investments	9.31	34.21	51.5	70.3	10.23	1.28	Upgrade
Goodwill	112.45	112.45	112.45	112.45	112.45	112.45	Upgrade
Other Long-Term Assets	15.55	-	355.48	1.51	3.06	7.2	Upgrade
Total Assets	6,138	6,221	5,883	4,768	4,107	3,918	Upgrade
Accounts Payable	-	5.99	7.8	7.99	2.33	7.86	Upgrade
Accrued Expenses	-	75.38	72.92	71.57	33.14	41.86	Upgrade
Current Portion of Long-Term Debt	319.4	460.32	262	277.85	198.67	167.08	Upgrade
Current Portion of Leases	-	1.15	1.1	1.02	8.72	12.36	Upgrade
Current Income Taxes Payable	-	-	-	-	-	0.67	Upgrade
Current Unearned Revenue	-	2.63	-	-	3.12	5.69	Upgrade
Other Current Liabilities	138.5	50.19	65.23	33.22	41.02	45.85	Upgrade
Total Current Liabilities	457.9	595.65	409.05	391.66	287	281.36	Upgrade
Long-Term Debt	3,351	2,772	2,765	2,112	2,133	1,969	Upgrade
Long-Term Leases	-	512.51	430.78	2.37	43.98	52.64	Upgrade
Other Long-Term Liabilities	0.47	0.45	0.47	2.05	0.99	3.74	Upgrade
Total Liabilities	3,810	3,881	3,605	2,509	2,465	2,307	Upgrade
Common Stock	222.62	222.62	222.62	222.62	203.53	197.69	Upgrade
Additional Paid-In Capital	1,609	1,609	1,609	1,609	1,452	1,406	Upgrade
Retained Earnings	496.23	507.47	446	428.51	-13.63	8.02	Upgrade
Comprehensive Income & Other	1.68	1.78	0.42	0.45	0.23	0.2	Upgrade
Total Common Equity	2,329	2,341	2,278	2,260	1,643	1,612	Upgrade
Minority Interest	-0.47	-0.47	-0.47	-0.47	-0.47	-0.47	Upgrade
Shareholders' Equity	2,329	2,340	2,277	2,260	1,642	1,612	Upgrade
Total Liabilities & Equity	6,138	6,221	5,883	4,768	4,107	3,918	Upgrade
Total Debt	3,671	3,746	3,459	2,394	2,384	2,201	Upgrade
Net Cash (Debt)	-3,232	-3,326	-3,143	-1,903	-2,268	-2,024	Upgrade
Net Cash Per Share	-14.52	-14.94	-14.12	-8.89	-11.40	-10.23	Upgrade
Filing Date Shares Outstanding	222.62	222.62	222.62	222.62	203.53	197.69	Upgrade
Total Common Shares Outstanding	222.62	222.62	222.62	222.62	203.53	197.69	Upgrade
Working Capital	377.67	230.36	318.87	489.39	45.74	96.96	Upgrade
Book Value Per Share	10.46	10.51	10.23	10.15	8.07	8.15	Upgrade
Tangible Book Value	2,217	2,228	2,165	2,148	1,530	1,500	Upgrade
Tangible Book Value Per Share	9.96	10.01	9.73	9.65	7.52	7.59	Upgrade
Buildings	-	-	-	47.99	130.63	48.5	Upgrade
Machinery	-	6,066	5,612	4,517	4,197	3,868	Upgrade

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