Safe Bulkers, Inc. (SB)

Safe Bulkers 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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	53.43	97.38	77.35	172.55	174.35	-12.91
Depreciation & Amortization	59.44	58.14	54.13	49.52	52.36	54.27
Other Amortization	2.96	2.96	2.48	2.01	2.9	1.73
Loss (Gain) From Sale of Assets	-16.56	-16.56	-10.38	-	-11.58	-
Stock-Based Compensation	0.15	0.15	0.14	0.12	0.12	0.12
Other Operating Activities	13.82	-1.62	2.55	2.92	-7.64	1.69
Change in Accounts Receivable	-4.9	-4.9	-1.99	1.67	-3.51	10.46
Change in Inventory	0.93	0.93	-0.68	-13.18	3.9	-3.53
Change in Accounts Payable	-1.12	-1.12	0.39	0.51	-3.99	2.46
Change in Unearned Revenue	-4.94	-4.94	-2.75	-2.15	9.24	6.07
Change in Other Net Operating Assets	0.05	0.05	0.97	4.08	1.06	3.02
Operating Cash Flow	103.26	130.46	122.21	218.05	217.21	63.38
Operating Cash Flow Growth	-24.69%	6.75%	-43.95%	0.39%	242.73%	8.74%
Capital Expenditures	-144.78	-144.78	-209.1	-183.28	-109.23	-50.44
Sale of Property, Plant & Equipment	78	78	30.77	16.93	107.08	-
Investment in Securities	-4.95	-4.95	26.6	-63.06	10.7	15.66
Other Investing Activities	10.9	-	-	-	-	-
Investing Cash Flow	-60.83	-71.73	-151.73	-229.4	8.55	-34.78
Long-Term Debt Issued	-	248.3	255.2	259.58	178.8	92.4
Long-Term Debt Repaid	-	-212.14	-165.23	-213.27	-444.53	-82
Net Debt Issued (Repaid)	36.16	36.16	89.97	46.3	-265.73	10.41
Issuance of Common Stock	-	-	-	-	71.54	-
Repurchase of Common Stock	-28.92	-28.92	-26.22	-9.05	-	-6.01
Preferred Dividends Paid	-8	-8	-8	-9.48	-	-11.5
Common Dividends Paid	-21.5	-21.5	-22.68	-24.14	-	-
Dividends Paid	-29.5	-29.5	-30.68	-33.63	-11.2	-11.5
Other Financing Activities	24.8	-3.6	-3.93	-6.41	-2.81	-2.1
Financing Cash Flow	2.54	-25.86	29.14	-40.1	-225.91	-9.29
Foreign Exchange Rate Adjustments	-0.37	-0.37	0.35	-0.71	-0.79	0.25
Net Cash Flow	44.6	32.5	-0.03	-52.17	-0.94	19.55
Free Cash Flow	-41.52	-14.32	-86.9	34.77	107.98	12.93
Free Cash Flow Growth	-	-	-	-67.80%	734.97%	-32.09%
Free Cash Flow Margin	-14.96%	-4.65%	-30.55%	9.94%	32.82%	6.53%
Free Cash Flow Per Share	-0.40	-0.13	-0.77	0.29	0.95	0.13
Cash Interest Paid	29.45	29.45	22.34	13.67	13.69	20.94
Levered Free Cash Flow	-53.69	-18.16	-142.55	-26.23	60.37	-0.1
Unlevered Free Cash Flow	-35.63	0.34	-128.25	-19.6	64.44	13.39
Change in Working Capital	-9.98	-9.98	-4.07	-9.07	6.7	18.48

Updated Jul 29, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q