Sable Offshore Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	-364.16	-629.07	-93.67	-2.59	4.27	-0.01
Depreciation & Amortization	14.64	13.43	21.02	-	-	-
Other Amortization	0.68	1.01	-	-	-	-
Stock-Based Compensation	35.59	91.61	-	-	-	-
Other Operating Activities	81.52	71.26	-	-4.32	-5.96	0.01
Change in Inventory	-4.29	7.26	2.2	-	-	-
Change in Accounts Payable	20.12	46.05	-4.43	4.35	0.28	-0
Change in Income Taxes	-	-	-	0.33	-	-
Change in Other Net Operating Assets	-80.99	213.06	4.79	0.51	-0.6	-
Operating Cash Flow	-291.03	-185.44	-70.1	-1.71	-2.01	-0
Capital Expenditures	-376.82	-72.3	-	-	-	-
Cash Acquisitions	0.21	-203.95	-	-	-	-
Other Investing Activities	-	-	-	0.79	-287.5	-
Investing Cash Flow	-376.61	-276.25	-	0.79	-287.5	-
Short-Term Debt Issued	-	-	-	0.71	1.2	-
Total Debt Issued	-	-	-	0.71	1.2	0.17
Short-Term Debt Repaid	-	-1.13	-	-	-0.08	-
Long-Term Debt Repaid	-	-18.75	-	-	-	-
Total Debt Repaid	-	-19.88	-	-	-0.08	-
Net Debt Issued (Repaid)	-	-19.88	-	0.71	1.12	0.17
Issuance of Common Stock	406.06	796.24	70.1	-	281.75	0.1
Other Financing Activities	-20.27	-32.23	-	-	6.95	-0.24
Financing Cash Flow	385.79	744.13	70.1	0.71	289.82	0.04
Net Cash Flow	-281.86	282.44	-	-0.22	0.31	0.04
Free Cash Flow	-667.85	-257.74	-70.1	-1.71	-2.01	-0
Free Cash Flow Per Share	-7.41	-3.85	-3.88	-0.05	-0.06	-0.00
Cash Income Tax Paid	-	-	-	0.43	-	-
Levered Free Cash Flow	-513.62	-98.28	-41.85	1.27	-1.24	-
Unlevered Free Cash Flow	-462.92	-57.22	-41.85	1.27	-1.24	-
Change in Working Capital	-59.3	266.31	2.56	5.19	-0.33	-0

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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