Borr Drilling 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	45	82.1	22.1	-292.8	-193
Depreciation & Amortization	210.4	198.4	183.3	161.1	138.7
Stock-Based Compensation	11.3	9.1	5.6	2.6	0.9
Other Adjustments	-41.7	-89.9	-105.5	120.6	-23.6
Changes in Accounts Payable	-22.4	-	-	-	-
Changes in Other Operating Activities	49.3	-122.4	-156.2	71	18.1
Operating Cash Flow	251.9	77.3	-50.7	62.5	-58.9
Operating Cash Flow Growth	225.87%	-	-	-	-
Capital Expenditures	-124.5	-409.4	-114	-83.3	-18.9
Sale of Property, Plant & Equipment	-	-	-	0.7	2.7
Other Investing Activities	-	-	9.8	-	57.1
Investing Cash Flow	-124.5	-409.4	-104.2	-82.6	40.9
Long-Term Debt Issued	159.3	672	1,882	150	-
Long-Term Debt Repaid	-141.5	-286.1	-1,801	-355.5	-
Net Long-Term Debt Issued (Repaid)	17.8	385.9	80.9	-205.5	-
Issuance of Common Stock	177.9	2.3	58.9	298.1	44.8
Repurchase of Common Stock	-0.2	-19.9	-0.8	-	-
Net Common Stock Issued (Repurchased)	177.7	-17.6	58.1	298.1	44.8
Common Dividends Paid	-4.7	-76.3	-	-	-
Financing Cash Flow	190.8	292	139	92.6	44.8
Net Cash Flow	318.2	-40.1	-15.9	72.5	26.8
Free Cash Flow	127.4	-332.1	-164.7	-20.8	-77.8
FCF Margin	12.48%	-32.86%	-21.35%	-4.69%	-31.72%
Free Cash Flow Per Share	0.48	-1.31	-0.66	-0.12	-0.58
Levered Free Cash Flow	257.4	251	84.1	-312.7	-35.7
Unlevered Free Cash Flow	588.26	196.03	315.26	53.73	54.27

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

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