SFL Corporation Ltd. (SFL)

SFL Corporation Income Statement

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
Operating Revenue	855.74	724.97	627.82	468.82	372.64	390.11
Other Revenue	20.33	19.35	36.75	40.23	93.79	65.94
Revenue	876.07	744.33	664.57	509.04	466.43	456.05
Revenue Growth (YoY)	19.50%	12.00%	30.55%	9.14%	2.28%	9.41%
Cost of Revenue	317.06	293.76	205.14	156.73	155.64	134.43
Gross Profit	559.01	450.57	459.43	352.31	310.78	321.61
Selling, General & Admin	19.55	15.57	15.18	12.97	11.4	10.2
Other Operating Expenses	-8.81	-7.96	-5.82	-4.35	-4.62	-2.8
Operating Expenses	244.15	221.67	197.18	146.95	118.06	123.78
Operating Income	314.87	228.9	262.25	205.36	192.73	197.83
Interest Expense	-174.56	-164.67	-100.48	-92.19	-165.15	-147.31
Interest & Investment Income	13.93	14.88	8.1	7.45	19.43	22.65
Earnings From Equity Investments	2.84	2.85	2.83	4.19	4.29	17.05
Currency Exchange Gain (Loss)	-3.72	-5.12	-0.77	-0.42	5.6	0.3
Other Non Operating Income (Expenses)	-0.47	1.04	-0.57	1.48	-1.84	-10.8
EBT Excluding Unusual Items	152.89	77.89	171.37	125.87	55.05	79.73
Gain (Loss) on Sale of Investments	-1.75	-1.91	18.17	1	-22.45	67.7
Gain (Loss) on Sale of Assets	-0.02	18.67	13.23	39.41	4.14	-
Asset Writedown	-	-7.39	-	-1.93	-333.15	-60.05
Other Unusual Items	-0.75	-	-	-	71.98	1.8
Pretax Income	150.37	87.26	202.77	164.34	-224.43	89.18
Income Tax Expense	8.55	3.32	-	-	-	-
Net Income	141.82	83.94	202.77	164.34	-224.43	89.18
Net Income to Common	141.82	83.94	202.77	164.34	-224.43	89.18
Net Income Growth	40.39%	-58.60%	23.38%	-	-	21.13%
Shares Outstanding (Basic)	127	126	127	122	109	108
Shares Outstanding (Diluted)	127	127	137	139	109	108
Shares Change (YoY)	-4.21%	-7.86%	-1.44%	27.91%	1.18%	0.08%
EPS (Basic)	1.11	0.66	1.60	1.35	-2.06	0.83
EPS (Diluted)	1.10	0.66	1.53	1.30	-2.06	0.83
EPS Growth	39.68%	-56.88%	18.19%	-	-	20.41%
Free Cash Flow	-232.54	78.67	-247.37	-288.03	221.46	210.38
Free Cash Flow Per Share	-1.83	0.62	-1.80	-2.07	2.03	1.95
Dividend Per Share	1.070	0.990	0.920	0.680	0.800	1.400
Dividend Growth	10.31%	7.61%	35.29%	-15.00%	-42.86%	0%
Gross Margin	63.81%	60.53%	69.13%	69.21%	66.63%	70.52%
Operating Margin	35.94%	30.75%	39.46%	40.34%	41.32%	43.38%
Profit Margin	16.19%	11.28%	30.51%	32.28%	-48.12%	19.55%
Free Cash Flow Margin	-26.54%	10.57%	-37.22%	-56.58%	47.48%	46.13%
EBITDA	548.27	442.97	450.07	343.69	304	314.21
EBITDA Margin	62.58%	59.51%	67.72%	67.52%	65.18%	68.90%
D&A For EBITDA	233.41	214.06	187.83	138.33	111.28	116.38
EBIT	314.87	228.9	262.25	205.36	192.73	197.83
EBIT Margin	35.94%	30.75%	39.46%	40.34%	41.32%	43.38%
Effective Tax Rate	5.69%	3.81%	-	-	-	-
Revenue as Reported	884.88	752.29	670.39	513.4	471.05	458.85

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