Golden Ocean Group Limited (GOGL)

Golden Ocean Group Cash Flow 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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	113.69	223.21	112.27	461.85	527.22	-137.67
Depreciation & Amortization	138.8	141.96	138.51	129.84	125.56	123.45
Other Amortization	5.59	5.59	4.77	3.62	2.68	2.78
Loss (Gain) From Sale of Assets	-20.29	-21.43	-9.19	-34.19	-9.79	-
Asset Writedown & Restructuring Costs	-	-	11.78	-	4.19	94.95
Loss (Gain) From Sale of Investments	-	-	-0.29	-0.5	2	7.61
Loss (Gain) on Equity Investments	-1.19	4.07	-12.32	-40.79	-24.48	3.71
Stock-Based Compensation	-	-	0.27	0.57	0.62	0.26
Other Operating Activities	10.88	-0.64	17.4	-29.59	-30.17	14.36
Change in Accounts Receivable	4.32	4.32	-14.86	13.89	-6.13	22.9
Change in Inventory	3.42	3.42	4.55	-2.05	-18.22	3.07
Change in Accounts Payable	2.27	2.27	-1.22	0.68	-11.94	6
Change in Other Net Operating Assets	-11.33	2.51	14.67	0.07	-1.13	-0.78
Operating Cash Flow	246.16	365.3	266.34	503.39	560.4	140.64
Operating Cash Flow Growth	-19.46%	37.16%	-47.09%	-10.17%	298.46%	-11.23%
Capital Expenditures	-73.56	-101.45	-477.54	-61.03	-445	-25.27
Sale of Property, Plant & Equipment	77.54	93.25	94.84	127.55	54.01	-
Investment in Securities	-	-	-	0.94	0.94	1.69
Other Investing Activities	-	-	0.93	5.36	0.03	4.43
Investing Cash Flow	3.98	-8.2	-381.77	72.82	-390.02	-19.15
Long-Term Debt Issued	-	675.02	634.58	275	497.98	322.01
Long-Term Debt Repaid	-	-766.05	-425.98	-446.28	-661.14	-439.11
Net Debt Issued (Repaid)	-65.19	-91.03	208.6	-171.28	-163.16	-117.1
Issuance of Common Stock	-	0.52	0.69	0.83	352.86	0.17
Repurchase of Common Stock	-5.74	-5.74	-8.36	-3.27	-	-
Common Dividends Paid	-209.94	-239.91	-100.02	-471.68	-320.69	-7.16
Other Financing Activities	-4.04	-7.85	-4.92	-2.75	-4.47	14.46
Financing Cash Flow	-284.91	-344	96	-648.15	-135.46	-109.63
Net Cash Flow	-34.77	13.09	-19.44	-71.94	34.92	11.86
Free Cash Flow	172.61	263.85	-211.21	442.36	115.4	115.37
Free Cash Flow Growth	-	-	-	283.33%	0.03%	0.92%
Free Cash Flow Margin	19.99%	27.25%	-23.84%	39.74%	9.61%	18.88%
Free Cash Flow Per Share	0.86	1.32	-1.05	2.20	0.60	0.81
Cash Interest Paid	98.92	98.92	87.63	45.19	30.85	36.35
Cash Income Tax Paid	0.47	0.47	0.36	0.24	0.15	0.08
Levered Free Cash Flow	127.3	180.55	-271.78	316.67	-46.54	94.08
Unlevered Free Cash Flow	184.51	238.93	-213.72	326.73	-28.75	139.31
Change in Net Working Capital	4.63	-9.75	-0.77	-3.18	30.11	-17.29

Updated May 21, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q