SBM Offshore 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	922	150	491	450	400
Depreciation & Amortization	48	61	56	78	103
Other Amortization	18	9	9	7	9
Loss (Gain) From Sale of Assets	21	23	-	-9	-1
Asset Writedown & Restructuring Costs	-16	43	31	105	-23
Loss (Gain) on Equity Investments	4	-19	-19	-12	-110
Stock-Based Compensation	24	21	20	19	27
Other Operating Activities	1,377	2,943	2,313	926	701
Change in Accounts Receivable	-1,038	-1,258	-2,832	-3,048	-2,026
Change in Inventory	-300	-26	-124	-10	128
Change in Accounts Payable	229	-469	-226	303	13
Change in Other Net Operating Assets	-75	4	112	142	24
Operating Cash Flow	1,214	1,482	-169	-1,049	-755
Operating Cash Flow Growth	-18.08%	-	-	-	-
Capital Expenditures	-34	-79	-128	-41	-14
Sale of Property, Plant & Equipment	-	-	-	34	25
Cash Acquisitions	43	179	-	-	-
Divestitures	-55	-	-	-	-
Sale (Purchase) of Intangibles	-35	-37	-45	-41	-47
Investment in Securities	53	1	-1	-	-6
Other Investing Activities	146	28	32	115	47
Investing Cash Flow	118	92	-142	67	5
Long-Term Debt Issued	1,425	2,151	3,440	1,536	3,817
Long-Term Debt Repaid	-1,440	-3,000	-2,988	-779	-1,730
Net Debt Issued (Repaid)	-15	-849	452	757	2,087
Repurchase of Common Stock	-174	-102	-5	-	-178
Common Dividends Paid	-164	-150	-198	-177	-166
Other Financing Activities	-690	-206	-79	66	-384
Financing Cash Flow	-1,043	-1,307	170	646	1,359
Foreign Exchange Rate Adjustments	-10	-4	1	-3	-2
Miscellaneous Cash Flow Adjustments	1	-	-	1	-
Net Cash Flow	280	263	-140	-338	607
Free Cash Flow	1,180	1,403	-297	-1,090	-769
Free Cash Flow Growth	-15.90%	-	-	-	-
Free Cash Flow Margin	19.99%	29.33%	-5.99%	-22.19%	-20.52%
Free Cash Flow Per Share	6.72	7.75	-1.64	-6.06	-4.14
Cash Interest Paid	403	356	366	252	340
Cash Income Tax Paid	161	178	101	96	62
Levered Free Cash Flow	4,489	-44.63	-418	-2,107	-1,545
Unlevered Free Cash Flow	4,898	380.38	-44.25	-1,868	-1,355
Change in Working Capital	-1,184	-1,749	-3,070	-2,613	-1,861

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