Sea1 Offshore Inc. (OSL:SEA1)

Sea1 Offshore 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	52.64	68.3	97.33	94.95	91.84	103.23
Cash & Short-Term Investments	52.64	68.3	97.33	94.95	91.84	103.23
Cash Growth	-31.49%	-29.82%	2.50%	3.39%	-11.03%	38.65%
Accounts Receivable	71.07	46.37	49	39.82	40.15	35.44
Other Receivables	-	11.77	8.31	4.22	3.75	5.13
Receivables	71.07	58.15	57.31	44.04	43.9	40.57
Inventory	-	5.34	5.29	5.34	4.52	4.68
Prepaid Expenses	-	5.12	5.22	5.78	6.15	5.82
Other Current Assets	-	1.29	2.01	1.47	1.05	1.33
Total Current Assets	123.72	138.21	167.16	151.57	147.46	155.62
Property, Plant & Equipment	640.2	637.44	846.68	806.73	847.09	940.09
Long-Term Investments	-	-	0.45	2.68	2.5	2.52
Long-Term Accounts Receivable	-	-	19.96	17.4	16.38	21.36
Long-Term Deferred Tax Assets	27.52	27.65	27.59	8.19	8.95	7.53
Other Long-Term Assets	7.03	15.18	25.13	32.88	51.14	58.72
Total Assets	798.47	818.48	1,087	1,019	1,073	1,186
Accounts Payable	35.82	4.42	17	11.2	13.54	13.65
Accrued Expenses	-	27.2	20.56	21.34	21.22	22.97
Current Portion of Long-Term Debt	65.44	65.74	212.53	58.98	47.65	238.89
Current Portion of Leases	0.9	0.89	0.92	1.67	1.97	1.98
Current Income Taxes Payable	-	2	2.23	0.64	0.97	0.96
Current Unearned Revenue	-	0.19	3.16	3.4	3.58	3.39
Other Current Liabilities	0	-	-	18.09	16.7	34.15
Total Current Liabilities	102.17	100.44	256.39	115.31	105.63	315.99
Long-Term Debt	333.89	280.15	263.62	530.63	613.36	837.84
Long-Term Leases	4.09	4.18	4.79	0.34	1.55	3.11
Other Long-Term Liabilities	25.74	27.71	32.99	12.79	11.64	15.36
Total Liabilities	465.89	412.49	557.79	660.06	733.2	1,173
Common Stock	153.54	153.54	238.85	238.85	238.85	9.35
Additional Paid-In Capital	163.16	163.16	163.16	163.16	582.88	634.96
Retained Earnings	56.85	128.84	173.78	-	-450.17	-557.82
Comprehensive Income & Other	-40.97	-39.55	-41.53	-38.93	-30.73	-29.33
Total Common Equity	332.58	405.99	534.26	363.08	340.84	57.15
Minority Interest	-	-	-5.09	-3.7	-0.54	-44.73
Shareholders' Equity	332.58	405.99	529.18	359.38	340.3	12.42
Total Liabilities & Equity	798.47	818.48	1,087	1,019	1,073	1,186
Total Debt	404.32	350.97	481.85	591.62	664.53	1,082
Net Cash (Debt)	-351.68	-282.67	-384.53	-496.67	-572.69	-978.6
Net Cash Per Share	-2.00	-1.44	-1.61	-2.08	-3.89	-104.70
Filing Date Shares Outstanding	153.54	153.54	238.85	238.85	238.85	9.35
Total Common Shares Outstanding	153.54	153.54	238.85	238.85	238.85	9.35
Working Capital	21.55	37.77	-89.23	36.26	41.83	-160.37
Book Value Per Share	2.17	2.64	2.24	1.52	1.43	6.11
Tangible Book Value	332.58	405.99	534.26	363.08	340.84	57.15
Tangible Book Value Per Share	2.17	2.64	2.24	1.52	1.43	6.11
Land	5.52	5.42	7.78	3.56	3.51	3.5
Machinery	1,455	1,259	2,195	2,190	2,172	2,324
Construction In Progress	21.25	19.31	-	-	-	-
Order Backlog	-	840	320	442	298	483

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