Subsea 7 S.A. (FRA:SOC)

Subsea 7 Balance Sheet

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
Cash & Equivalents	459	575.3	750.9	645.6	597.6	511.6
Cash & Short-Term Investments	459	575.3	750.9	645.6	597.6	511.6
Cash Growth	-23.97%	-23.39%	16.31%	8.03%	16.81%	28.64%
Accounts Receivable	1,754	1,370	1,485	1,327	1,392	1,053
Other Receivables	364.6	245.1	246.4	192.1	101.3	79.4
Receivables	2,119	1,615	1,731	1,520	1,493	1,132
Inventory	59	57.4	60.1	49.5	40.3	26.4
Prepaid Expenses	-	126.1	152.4	111.6	116.8	120.5
Restricted Cash	7.9	9.5	7.4	4.4	5.7	7.1
Other Current Assets	58.8	91.2	162.9	90.7	74.8	37.7
Total Current Assets	2,704	2,474	2,865	2,421	2,328	1,835
Property, Plant & Equipment	4,293	4,361	4,489	4,164	4,287	4,196
Long-Term Investments	368.1	368.3	343.1	26.6	29.9	32.4
Goodwill	188.1	183.7	192.2	191.3	197.2	84.5
Other Intangible Assets	94.7	87.6	58.5	31.1	35	46
Long-Term Accounts Receivable	-	-	-	-	4.4	6.7
Long-Term Deferred Tax Assets	98.8	93.6	50.9	38.7	58.7	49.5
Long-Term Deferred Charges	-	1.7	1.9	1.8	5.3	1.4
Other Long-Term Assets	90.7	79.1	59.7	33.6	39.8	39.6
Total Assets	7,837	7,680	8,096	6,944	7,023	6,297
Accounts Payable	1,567	391.3	355.4	324.8	280.2	301.4
Accrued Expenses	-	997.5	1,107	907.9	1,039	647.7
Current Portion of Long-Term Debt	152.8	138.2	123.5	53.8	61.6	24.6
Current Portion of Leases	201.4	223.8	167.8	95.8	88	85.4
Current Income Taxes Payable	125.4	125	76.4	49.3	41.5	32.6
Current Unearned Revenue	465.6	419.4	428.7	320.9	206.6	281.9
Other Current Liabilities	91.1	138.7	357.7	131.9	154.2	177.6
Total Current Liabilities	2,603	2,434	2,616	1,884	1,871	1,551
Long-Term Debt	538.4	583.8	721.4	302.2	360.3	184.4
Long-Term Leases	198.6	231.1	290.5	161.2	142.9	168.6
Long-Term Deferred Tax Liabilities	92.8	87.3	43.2	54.4	46	32.2
Other Long-Term Liabilities	35.1	41.2	58.8	82.1	102.3	91.3
Total Liabilities	3,477	3,385	3,738	2,494	2,534	2,042
Common Stock	599.2	591.2	600.9	580.4	590.9	595.3
Additional Paid-In Capital	2,548	2,546	2,580	2,503	2,504	2,505
Retained Earnings	1,844	1,825	1,780	1,740	1,710	1,747
Treasury Stock	-69.1	-69.1	-31.1	-75	-32.9	-17.8
Comprehensive Income & Other	-603.8	-642.2	-606.8	-626.8	-587.6	-602.3
Total Common Equity	4,318	4,250	4,323	4,122	4,184	4,228
Minority Interest	42.3	44.6	34.1	329.1	304.5	27.3
Shareholders' Equity	4,360	4,295	4,357	4,451	4,488	4,255
Total Liabilities & Equity	7,837	7,680	8,096	6,944	7,023	6,297
Total Debt	1,091	1,177	1,303	613	652.8	463
Net Cash (Debt)	-632.2	-601.6	-552.3	32.6	-55.2	48.6
Net Cash Per Share	-2.12	-2.01	-1.85	0.11	-0.18	0.16
Filing Date Shares Outstanding	295.61	295.61	300.45	290.21	295.47	297.67
Total Common Shares Outstanding	295.61	295.61	300.45	290.21	295.47	297.67
Working Capital	100.2	40.2	248.8	536.9	457.4	284.2
Book Value Per Share	14.61	14.38	14.39	14.20	14.16	14.20
Tangible Book Value	4,035	3,979	4,072	3,899	3,952	4,097
Tangible Book Value Per Share	13.65	13.46	13.55	13.44	13.37	13.76
Land	-	473.7	496.4	517.2	523.1	518.6
Machinery	-	7,260	7,256	6,866	7,015	6,996
Order Backlog	-	11,175	10,587	9,008	7,212	6,214

Source: S&P Global Market Intelligence. Standard template. Financial Sources.