Subsea 7 S.A. (SUBCY)

Subsea 7 Income Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	6,123	5,974	5,136	5,010	3,466	3,657
Revenue Growth (YoY)	18.01%	16.31%	2.51%	44.53%	-5.20%	-10.24%
Cost of Revenue	5,681	5,557	4,739	4,714	3,653	3,311
Gross Profit	441.7	416.7	397	295.8	-186.5	346.1
Selling, General & Admin	271.4	215.1	72	69	61.9	92.5
Research & Development	13.1	13.1	12.3	11.7	14.6	22
Other Operating Expenses	101.6	0	176.8	162.5	161.8	175.7
Operating Expenses	271.4	228.2	248.8	231.5	223.7	268.2
Operating Income	171.6	188.5	148.8	110.2	-1,033.8	-32.2
Interest Income	28.4	25.2	9.9	4.7	4.8	13.2
Interest Expense	80.6	71.2	24.3	20.1	24.6	25.3
Other Expense / Income	-35.9	57.1	-1.9	-1.3	18.3	8.6
Pretax Income	143.6	71.8	136.3	100.7	-1,071.9	-52.9
Income Tax	93	70	99.9	64.3	33.3	29.5
Net Income	62.3	15.4	36.4	31.8	-1,105.2	-82.4
Net Income Growth	205.39%	-57.69%	14.47%	-	-	-
Shares Outstanding (Basic)	300	298	292	298	298	305
Shares Outstanding (Diluted)	301	299	293	299	298	305
Shares Change	3.16%	2.10%	-1.87%	0.31%	-2.37%	-6.82%
EPS (Basic)	0.20	0.05	0.12	0.11	-3.71	-0.27
EPS (Diluted)	0.20	0.05	0.12	0.11	-3.71	-0.27
EPS Growth	191.93%	-57.08%	9.09%	-	-	-
Free Cash Flow	170	51.3	254.8	126.5	264.2	98.4
Free Cash Flow Per Share	0.56	0.17	0.87	0.42	0.89	0.32
Gross Margin	7.21%	6.98%	7.73%	5.90%	-5.38%	9.47%
Operating Margin	2.80%	3.16%	2.90%	2.20%	-29.82%	-0.88%
Profit Margin	1.02%	0.26%	0.71%	0.63%	-31.88%	-2.25%
Free Cash Flow Margin	2.78%	0.86%	4.96%	2.52%	7.62%	2.69%
Effective Tax Rate	64.76%	97.49%	73.29%	63.85%	-	-
EBITDA	795.4	726.5	617.4	544.5	-612.6	442.9
EBITDA Margin	12.99%	12.16%	12.02%	10.87%	-17.67%	12.11%
Depreciation & Amortization	557.8	538	467.6	434.3	431.7	475.1
EBIT	237.6	188.5	149.8	110.2	-1,044.3	-32.2
EBIT Margin	3.88%	3.16%	2.92%	2.20%	-30.13%	-0.88%

Sources: The data provider is Financial Modeling Prep and the numbers are sourced from SEC filings.