Reach Subsea ASA (OSL:REACH)

Reach Subsea ASA Balance Sheet

Financials in millions NOK. 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	326.77	278.02	436.42	191.59	149.04	105.4
Cash & Short-Term Investments	326.77	278.02	436.42	191.59	149.04	105.4
Cash Growth	62.50%	-36.30%	127.79%	28.55%	41.40%	172.64%
Accounts Receivable	672.12	651.08	314.17	283.78	181.38	131.31
Other Receivables	62.02	41.62	26.53	13.02	7.78	0.11
Receivables	734.14	692.7	340.7	296.8	189.16	131.43
Inventory	27.68	18.77	28.42	9.88	8.13	1.38
Prepaid Expenses	-	23.56	15.37	5.78	7.62	3.78
Other Current Assets	-0	-	0	0	-	0
Total Current Assets	1,089	1,013	820.91	504.06	353.95	241.98
Property, Plant & Equipment	1,859	1,938	1,613	325.77	350.97	90.1
Long-Term Investments	136.42	127.22	113.45	-	-	22.77
Goodwill	109.59	109.59	109.59	86.72	-	-
Other Intangible Assets	23.82	23.29	28.63	8.75	-	-
Long-Term Deferred Tax Assets	27.91	34.92	-	24.92	40.15	8.16
Long-Term Deferred Charges	-	1.92	2.14	1.87	1.46	-
Other Long-Term Assets	-0	-0	-	0	-	-
Total Assets	3,246	3,248	2,688	952.09	746.53	363.01
Accounts Payable	142.64	243.02	205.77	102.43	63.47	65.06
Accrued Expenses	40.6	341.78	274.75	129.38	75.95	41.93
Current Portion of Long-Term Debt	28.33	14.16	5.82	20.75	11.58	5
Current Portion of Leases	710.95	799.93	390.39	101	181.3	23.63
Current Income Taxes Payable	-	-	-	7.85	-	-1.91
Other Current Liabilities	351.23	14.13	9.23	2	7.75	6.43
Total Current Liabilities	1,274	1,413	885.96	363.4	340.06	140.13
Long-Term Debt	181.84	67.54	24.62	4.85	13.94	7.5
Long-Term Leases	498.22	675.24	838.73	4.39	105.73	5.23
Long-Term Deferred Tax Liabilities	-	-	10.57	-	-	-
Other Long-Term Liabilities	-0	-	0	-	-	0
Total Liabilities	1,954	2,156	1,760	372.64	459.72	152.86
Common Stock	327.38	282.67	271.77	225.73	144.94	143.61
Additional Paid-In Capital	514.05	412.11	388.27	267.35	85.93	83.53
Retained Earnings	137.5	365.22	257.17	78.48	49.28	-23.64
Comprehensive Income & Other	312.99	31.91	10.79	7.89	6.66	6.66
Shareholders' Equity	1,292	1,092	928.01	579.44	286.81	210.15
Total Liabilities & Equity	3,246	3,248	2,688	952.09	746.53	363.01
Total Debt	1,419	1,557	1,260	130.99	312.56	41.36
Net Cash (Debt)	-1,093	-1,279	-823.14	60.6	-163.52	64.04
Net Cash Per Share	-3.38	-4.24	-3.21	0.29	-1.14	0.45
Filing Date Shares Outstanding	300.27	327.38	271.77	255.45	224.91	143.61
Total Common Shares Outstanding	300.27	282.67	271.77	225.73	144.94	143.61
Working Capital	-185.17	-399.96	-65.05	140.65	13.89	101.85
Book Value Per Share	4.30	3.86	3.41	2.57	1.98	1.46
Tangible Book Value	1,159	959.03	789.79	483.97	286.81	210.15
Tangible Book Value Per Share	3.86	3.39	2.91	2.14	1.98	1.46
Machinery	-	-	-	-	-	145.34
Order Backlog	-	1,850	1,600	740	-	-

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