Solstad Offshore ASA (OSL:SOFF)

Solstad Offshore ASA 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	-	33.61	49.41	220.27	279.12	281.4
Short-Term Investments	59.68	-	-	2.13	1.73	1.3
Cash & Short-Term Investments	59.68	33.61	49.41	222.4	280.84	282.69
Cash Growth	13.31%	-31.97%	-77.78%	-20.81%	-0.65%	117.56%
Accounts Receivable	95.98	63.07	62.33	147.29	102.65	106.39
Other Receivables	16.86	24.7	20.36	26.94	32.48	36.04
Receivables	112.84	87.77	82.69	174.23	135.13	142.43
Inventory	2.21	2.38	2.28	23.16	19.64	19.29
Prepaid Expenses	-	0.06	2.31	14.58	5.37	3.84
Other Current Assets	-	5.17	1,367	48.98	21.25	3.13
Total Current Assets	174.73	128.99	1,503	483.35	462.24	451.37
Property, Plant & Equipment	439.85	427.61	404.78	2,129	2,344	2,563
Long-Term Investments	247.95	224.73	18.66	16.4	10.83	13.3
Other Intangible Assets	-	-	-	-	-	0.87
Long-Term Deferred Tax Assets	0.01	-	0.21	0.44	1.65	0.65
Other Long-Term Assets	3.84	3.32	3.17	5.79	6.33	5.37
Total Assets	872.46	790.6	1,936	2,641	2,831	3,041
Accounts Payable	-	17.77	13.68	70.5	62.66	62.12
Accrued Expenses	-	18.87	15.33	29.81	28.29	32.17
Current Portion of Long-Term Debt	24.48	24.36	1,122	249.76	50.69	109.78
Current Portion of Leases	59.85	61.38	193.83	14.93	279.95	298.55
Current Income Taxes Payable	-	2.59	2.44	23.18	20.06	19.6
Current Unearned Revenue	-	-	-	0.37	-	-
Other Current Liabilities	90.02	21.6	168.86	20.48	12.87	19.71
Total Current Liabilities	174.36	146.58	1,516	409.04	454.53	541.93
Long-Term Debt	117.33	132.22	62.19	1,689	1,989	1,970
Long-Term Leases	231.53	223.09	177.08	361.85	31.87	29.78
Long-Term Deferred Tax Liabilities	-	0.91	-	-	-	-
Other Long-Term Liabilities	0.01	0.09	0.21	1.26	1.97	1.5
Total Liabilities	523.23	502.89	1,756	2,463	2,481	2,546
Common Stock	64.85	7.25	8.12	7.85	8.58	8.74
Additional Paid-In Capital	-	16.68	18.68	18.31	20.08	20.48
Retained Earnings	-	242.06	115.96	78.83	214.39	349.45
Comprehensive Income & Other	277.43	16.54	37.43	73.91	107.47	114.53
Total Common Equity	342.28	282.53	180.19	178.9	350.52	493.19
Minority Interest	6.96	5.18	-0.26	-0.95	-0.52	1.85
Shareholders' Equity	349.24	287.71	179.93	177.95	350	495.04
Total Liabilities & Equity	872.46	790.6	1,936	2,641	2,831	3,041
Total Debt	433.19	441.05	1,555	2,315	2,352	2,408
Net Cash (Debt)	-373.51	-407.44	-1,506	-2,093	-2,071	-2,126
Net Cash Per Share	-4.54	-4.95	-19.23	-27.20	-27.57	-28.39
Filing Date Shares Outstanding	82.35	82.35	82.35	77.31	75.61	74.87
Total Common Shares Outstanding	82.35	82.35	82.35	77.31	75.61	74.87
Working Capital	0.37	-17.59	-13.13	74.31	7.71	-90.56
Book Value Per Share	4.16	3.43	2.19	2.31	4.64	6.59
Tangible Book Value	342.28	282.53	180.19	178.9	350.52	492.32
Tangible Book Value Per Share	4.16	3.43	2.19	2.31	4.64	6.58
Machinery	-	1,297	1,439	3,055	3,477	3,790
Order Backlog	-	501.72	739.62	649.61	635.64	606.68

Updated Feb 12, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.