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	148	131.2	117.4	116.5	119.6
Other Amortization	69.2	74	66.9	44.6	19.1
Loss (Gain) From Sale of Assets	-	-0.4	-0.6	-4.2	-4.8
Asset Writedown & Restructuring Costs	-	-	-	131.7	-
Loss (Gain) on Equity Investments	2.7	1.2	-4.9	-1.2	-16.1
Stock-Based Compensation	11.3	9.1	5.6	2.6	0.9
Other Operating Activities	-51.2	-97.5	-101	-5.7	-2.7
Change in Accounts Payable	-22.4	-	-	-	-
Change in Other Net Operating Assets	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
Investment in Securities	-	-	-	-	57.1
Other Investing Activities	-	-	9.8	-	-
Investing Cash Flow	-124.5	-409.4	-104.2	-82.6	40.9
Long-Term Debt Issued	159.3	672	1,882	150	-
Total Debt Issued	159.3	672	1,882	150	-
Long-Term Debt Repaid	-141.5	-286.1	-1,801	-355.5	-
Net Debt Issued (Repaid)	17.8	385.9	80.9	-205.5	-
Issuance of Common Stock	177.9	2.3	58.9	313.8	46
Repurchase of Common Stock	-0.2	-19.9	-0.8	-	-
Common Dividends Paid	-4.7	-76.3	-	-	-
Other Financing Activities	-	-	-	-15.7	-1.2
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
Free Cash Flow Margin	12.48%	-32.86%	-21.34%	-4.69%	-31.72%
Free Cash Flow Per Share	0.48	-1.30	-0.66	-0.12	-0.58
Cash Interest Paid	205.1	186.9	217.4	83.9	57.2
Cash Income Tax Paid	59.7	55.2	38.2	16.2	-0.8
Levered Free Cash Flow	158.98	-227.29	33.58	90.8	7.24
Unlevered Free Cash Flow	281.53	-113.28	122.03	169.9	62.86
Change in Working Capital	26.9	-122.4	-156.2	71	18.1

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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