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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	52	33.61	49.41	220.27	279.12	281.4
Short-Term Investments	-	-	-	2.13	1.73	1.3
Cash & Short-Term Investments	52	33.61	49.41	222.4	280.84	282.69
Cash Growth	-18.54%	-31.97%	-77.78%	-20.81%	-0.65%	117.56%
Accounts Receivable	68	63.07	62.33	147.29	102.65	106.39
Other Receivables	12	24.7	20.36	26.94	32.48	36.04
Receivables	80	87.77	82.69	174.23	135.13	142.43
Inventory	2	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	134	128.99	1,503	483.35	462.24	451.37
Property, Plant & Equipment	407	427.61	404.78	2,129	2,344	2,563
Long-Term Investments	244	224.73	18.66	16.4	10.83	13.3
Other Intangible Assets	-	-	-	-	-	0.87
Long-Term Deferred Tax Assets	-	-	0.21	0.44	1.65	0.65
Other Long-Term Assets	4	3.32	3.17	5.79	6.33	5.37
Total Assets	795	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	27	24.36	1,122	249.76	50.69	109.78
Current Portion of Leases	57	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	59	21.6	168.86	20.48	12.87	19.71
Total Current Liabilities	143	146.58	1,516	409.04	454.53	541.93
Long-Term Debt	132	132.22	62.19	1,689	1,989	1,970
Long-Term Leases	209	223.09	177.08	361.85	31.87	29.78
Long-Term Deferred Tax Liabilities	-	0.91	-	-	-	-
Other Long-Term Liabilities	-	0.09	0.21	1.26	1.97	1.5
Total Liabilities	484	502.89	1,756	2,463	2,481	2,546
Common Stock	65	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	240	16.54	37.43	73.91	107.47	114.53
Total Common Equity	305	282.53	180.19	178.9	350.52	493.19
Minority Interest	6	5.18	-0.26	-0.95	-0.52	1.85
Shareholders' Equity	311	287.71	179.93	177.95	350	495.04
Total Liabilities & Equity	795	790.6	1,936	2,641	2,831	3,041
Total Debt	425	441.05	1,555	2,315	2,352	2,408
Net Cash (Debt)	-373	-407.44	-1,506	-2,093	-2,071	-2,126
Net Cash Per Share	-	-4.95	-19.23	-27.20	-27.57	-28.39
Filing Date Shares Outstanding	-	82.35	82.35	77.31	75.61	74.87
Total Common Shares Outstanding	-	82.35	82.35	77.31	75.61	74.87
Working Capital	-9	-17.59	-13.13	74.31	7.71	-90.56
Book Value Per Share	-	3.43	2.19	2.31	4.64	6.59
Tangible Book Value	305	282.53	180.19	178.9	350.52	492.32
Tangible Book Value Per Share	-	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.