First Ship Lease Trust Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2015 - 2019
Net Income	8.63	8.26	3.67	13.27	-1.52	6.25	Upgrade
Other Amortization	2.68	3.07	3.08	4.12	6.08	15.53	Upgrade
Loss (Gain) From Sale of Assets	-3.02	-2.28	-0.46	-9.16	-1.09	-4.97	Upgrade
Asset Writedown & Restructuring Costs	-1.97	-1.97	-	0.95	2.72	10.5	Upgrade
Other Operating Activities	0.1	0.25	0.07	0.78	0.56	1.86	Upgrade
Change in Accounts Receivable	0.01	0.21	-0.14	3.54	0.69	8.11	Upgrade
Change in Accounts Payable	-0.02	-0.18	0.31	0.15	-1	-0.06	Upgrade
Change in Unearned Revenue	-	-	-	-	-0.76	0.76	Upgrade
Operating Cash Flow	6.42	7.35	6.53	13.66	5.68	37.97	Upgrade
Operating Cash Flow Growth	5.28%	12.53%	-52.21%	140.42%	-85.03%	-14.54%	Upgrade
Capital Expenditures	13.11	7.11	-1	45.8	54.94	63.07	Upgrade
Other Investing Activities	0.33	0.38	1.21	-0.27	-1.29	0.31	Upgrade
Investing Cash Flow	13.44	7.49	0.21	45.52	53.66	63.38	Upgrade
Long-Term Debt Issued	-	-	-	-	18.95	-	Upgrade
Total Debt Issued	0.32	-	-	-	18.95	-	Upgrade
Long-Term Debt Repaid	-	-5.12	-3.56	-3.56	-31.5	-40.88	Upgrade
Net Debt Issued (Repaid)	-5.25	-5.12	-3.56	-3.56	-12.55	-40.88	Upgrade
Common Dividends Paid	-	-26.52	-	-28.29	-61.88	-79.56	Upgrade
Other Financing Activities	-0.29	-0.57	-1.11	-0.88	-1.43	-2.66	Upgrade
Financing Cash Flow	-5.54	-32.22	-4.68	-32.74	-75.87	-123.09	Upgrade
Net Cash Flow	14.33	-17.39	2.06	26.45	-16.53	-21.74	Upgrade
Free Cash Flow	19.53	14.46	5.53	59.46	60.63	101.04	Upgrade
Free Cash Flow Growth	257.22%	161.41%	-90.70%	-1.93%	-40.00%	219.43%	Upgrade
Free Cash Flow Margin	265.41%	171.00%	64.98%	245.45%	242.75%	209.05%	Upgrade
Free Cash Flow Per Share	0.01	0.01	0.00	0.03	0.03	0.06	Upgrade
Cash Interest Paid	0.47	0.75	1.11	0.88	0.62	2.66	Upgrade
Cash Income Tax Paid	-	0.13	0	0	0.01	0.03	Upgrade
Levered Free Cash Flow	17.68	12.39	3.32	65.56	50.49	133	Upgrade
Unlevered Free Cash Flow	17.92	12.8	3.95	66.04	50.76	134.11	Upgrade
Change in Working Capital	-0.01	0.03	0.17	3.69	-1.07	8.8	Upgrade

Updated Feb 11, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.