FLEX LNG Ltd. (FLNG)

FLEX LNG Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	355.84	356.35	371.02	347.92	343.45	164.46
Revenue Growth (YoY)	-2.98%	-3.96%	6.64%	1.30%	108.83%	37.09%
Cost of Revenue	78.74	73.29	70.04	65.93	64.57	40.7
Gross Profit	277.09	283.06	300.99	281.99	278.88	123.77
Selling, General & Admin	8.98	9.79	10.47	9.15	7.89	6.3
Operating Expenses	84.55	85.27	83.83	81.37	77.72	48.15
Operating Income	192.55	197.79	217.16	200.62	201.16	75.62
Interest Expense	-94.8	-82.75	-90.44	3.09	-37.82	-66.99
Interest & Investment Income	4.54	4.47	4.87	2.01	0.04	0.33
Currency Exchange Gain (Loss)	0.76	-	-	-	-	-
Other Non Operating Income (Expenses)	-1.59	-1.06	-1.23	-1.46	0.14	-0.77
EBT Excluding Unusual Items	101.47	118.45	130.36	204.24	163.51	8.19
Other Unusual Items	-2.27	-0.64	-10.24	-16.1	-1.21	-
Pretax Income	99.2	117.82	120.12	188.14	162.3	8.19
Income Tax Expense	0.13	0.13	0.08	0.1	0.1	0.08
Net Income	99.07	117.68	120.04	188.04	162.21	8.11
Net Income to Common	99.07	117.68	120.04	188.04	162.21	8.11
Net Income Growth	-17.13%	-1.96%	-36.16%	15.93%	1901.30%	-52.23%
Shares Outstanding (Basic)	54	54	54	53	53	54
Shares Outstanding (Diluted)	54	54	54	54	53	54
Shares Change (YoY)	0.08%	0.08%	0.86%	0.34%	-1.72%	0.05%
EPS (Basic)	1.83	2.19	2.24	3.53	3.04	0.15
EPS (Diluted)	1.83	2.18	2.22	3.51	3.04	0.15
EPS Growth	-17.20%	-1.80%	-36.75%	15.46%	1929.16%	-51.67%
Free Cash Flow	167.51	182.8	175.03	219.88	-51.09	-602.09
Free Cash Flow Per Share	3.10	3.38	3.24	4.11	-0.96	-11.09
Dividend Per Share	3.000	3.000	3.000	3.000	2.300	0.400
Dividend Growth	-	-	-	30.44%	475.00%	100.00%
Gross Margin	77.87%	79.43%	81.12%	81.05%	81.20%	75.26%
Operating Margin	54.11%	55.51%	58.53%	57.66%	58.57%	45.98%
Profit Margin	27.84%	33.02%	32.35%	54.05%	47.23%	4.93%
Free Cash Flow Margin	47.08%	51.30%	47.18%	63.20%	-14.88%	-366.09%
EBITDA	253.59	263.7	282.89	272.84	270.99	117.47
EBITDA Margin	71.27%	74.00%	76.24%	78.42%	78.90%	71.42%
D&A For EBITDA	61.04	65.9	65.73	72.22	69.83	41.85
EBIT	192.55	197.79	217.16	200.62	201.16	75.62
EBIT Margin	54.11%	55.51%	58.53%	57.66%	58.57%	45.98%
Effective Tax Rate	0.13%	0.11%	0.07%	0.05%	0.06%	1.03%

Updated Feb 28, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q