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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	98.46	68.3	97.33	94.95	91.84	103.23
Cash & Short-Term Investments	98.46	68.3	97.33	94.95	91.84	103.23
Cash Growth	14.57%	-29.82%	2.50%	3.39%	-11.03%	38.65%
Accounts Receivable	77.86	46.37	49	39.82	40.15	35.44
Other Receivables	-	11.77	8.31	4.22	3.75	5.13
Receivables	77.86	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	176.32	138.21	167.16	151.57	147.46	155.62
Property, Plant & Equipment	591.49	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	28.37	27.65	27.59	8.19	8.95	7.53
Other Long-Term Assets	7.38	15.18	25.13	32.88	51.14	58.72
Total Assets	803.55	818.48	1,087	1,019	1,073	1,186
Accounts Payable	46.55	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	63.36	65.74	212.53	58.98	47.65	238.89
Current Portion of Leases	-	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	-	-	-	18.09	16.7	34.15
Total Current Liabilities	109.91	100.44	256.39	115.31	105.63	315.99
Long-Term Debt	264.25	280.15	263.62	530.63	613.36	837.84
Long-Term Leases	-	4.18	4.79	0.34	1.55	3.11
Other Long-Term Liabilities	30.99	27.71	32.99	12.79	11.64	15.36
Total Liabilities	405.15	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	582.88	634.96
Retained Earnings	-	128.84	173.78	-	-450.17	-557.82
Comprehensive Income & Other	244.86	-39.55	-41.53	-38.93	-30.73	-29.33
Total Common Equity	398.4	405.99	534.26	363.08	340.84	57.15
Minority Interest	-	-	-5.09	-3.7	-0.54	-44.73
Shareholders' Equity	398.4	405.99	529.18	359.38	340.3	12.42
Total Liabilities & Equity	803.55	818.48	1,087	1,019	1,073	1,186
Total Debt	327.61	350.97	481.85	591.62	664.53	1,082
Net Cash (Debt)	-229.15	-282.67	-384.53	-496.67	-572.69	-978.6
Net Cash Per Share	-1.49	-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	66.41	37.77	-89.23	36.26	41.83	-160.37
Book Value Per Share	2.59	2.64	2.24	1.52	1.43	6.11
Tangible Book Value	398.4	405.99	534.26	363.08	340.84	57.15
Tangible Book Value Per Share	2.59	2.64	2.24	1.52	1.43	6.11
Land	-	5.42	7.78	3.56	3.51	3.5
Machinery	-	1,259	2,195	2,190	2,172	2,324
Construction In Progress	40.34	19.31	-	-	-	-
Order Backlog	-	840	320	442	298	483

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