Frontline plc (FRO)

Frontline Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	320.89	308.32	254.53	113.07	174.72	174.22
Short-Term Investments	5.43	7.43	236.28	2.44	2.64	3.64
Cash & Short-Term Investments	326.32	315.75	490.81	115.51	177.36	177.87
Cash Growth	-36.71%	-35.67%	324.91%	-34.87%	-0.28%	164.21%
Accounts Receivable	-	227.45	237.15	105.8	80.51	139.72
Other Receivables	-	26.55	26.44	16.64	31.37	36.07
Receivables	-	254	263.59	122.44	111.88	175.79
Inventory	-	135.16	107.11	80.79	57.86	66.66
Prepaid Expenses	-	15.75	14.26	8.9	7.73	11.17
Restricted Cash	-	-	-	-	14.93	3.15
Other Current Assets	455.93	7.26	5.29	5.11	8.56	13.85
Total Current Assets	782.25	727.93	881.05	332.75	378.32	448.49
Property, Plant & Equipment	5,356	4,635	3,702	3,647	3,418	3,056
Long-Term Investments	11.51	51.5	70.3	10.23	1.28	5.08
Goodwill	112.45	112.45	112.45	112.45	112.45	112.45
Long-Term Accounts Receivable	-	-	-	-	-	10.82
Other Long-Term Assets	21.59	355.48	1.51	3.06	7.2	64.56
Total Assets	6,284	5,883	4,768	4,107	3,918	3,698
Accounts Payable	-	7.8	7.99	2.33	7.86	13.04
Accrued Expenses	-	72.92	71.57	33.14	41.86	75.04
Current Portion of Long-Term Debt	402.15	262	277.85	198.67	167.08	438.96
Current Portion of Leases	1.14	1.1	1.02	8.72	12.36	288.38
Current Income Taxes Payable	-	-	-	-	0.67	0.71
Current Unearned Revenue	-	-	-	3.12	5.69	4.98
Other Current Liabilities	144.38	65.23	33.22	41.02	45.85	27.02
Total Current Liabilities	547.68	409.05	391.66	287	281.36	848.12
Long-Term Debt	3,387	3,194	2,112	2,133	1,969	1,254
Long-Term Leases	0.69	1.43	2.37	43.98	52.64	84.01
Other Long-Term Liabilities	0.47	0.47	2.05	0.99	3.74	1.06
Total Liabilities	3,936	3,605	2,509	2,465	2,307	2,188
Common Stock	222.62	222.62	222.62	203.53	197.69	196.89
Additional Paid-In Capital	1,609	1,609	1,609	1,452	1,406	1,468
Retained Earnings	516.43	446	428.51	-13.63	8.02	-155.15
Comprehensive Income & Other	0.61	0.42	0.45	0.23	0.2	0.33
Total Common Equity	2,348	2,278	2,260	1,643	1,612	1,510
Minority Interest	-0.47	-0.47	-0.47	-0.47	-0.47	0.23
Shareholders' Equity	2,348	2,277	2,260	1,642	1,612	1,510
Total Liabilities & Equity	6,284	5,883	4,768	4,107	3,918	3,698
Total Debt	3,791	3,459	2,394	2,384	2,201	2,066
Net Cash (Debt)	-3,464	-3,143	-1,903	-2,268	-2,024	-1,888
Net Cash Per Share	-15.56	-14.12	-8.89	-11.40	-10.23	-10.53
Filing Date Shares Outstanding	222.62	222.62	222.62	203.53	197.69	196.89
Total Common Shares Outstanding	222.62	222.62	222.62	203.53	197.69	196.89
Working Capital	234.57	318.87	489.39	45.74	96.96	-399.64
Book Value Per Share	10.55	10.23	10.15	8.07	8.15	7.67
Tangible Book Value	2,236	2,165	2,148	1,530	1,500	1,398
Tangible Book Value Per Share	10.04	9.73	9.65	7.52	7.59	7.10
Buildings	-	-	47.99	130.63	48.5	46.07
Machinery	-	5,612	4,517	4,197	3,868	3,014

Source: S&P Capital IQ. Standard template. Financial Sources.