FLEX LNG Ltd. (FLNG)

FLEX LNG Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	356.35	371.02	347.92	343.45	164.46
Revenue Growth (YoY)	-3.96%	6.64%	1.30%	108.83%	37.09%
Cost of Revenue	73.29	70.04	65.93	64.57	40.7
Gross Profit	283.06	300.99	281.99	278.88	123.77
Selling, General & Admin	9.79	10.47	9.15	7.89	6.3
Operating Expenses	85.27	83.83	81.37	77.72	48.15
Operating Income	197.79	217.16	200.62	201.16	75.62
Interest Expense	-82.75	-90.44	3.09	-37.82	-66.99
Interest & Investment Income	4.47	4.87	2.01	0.04	0.33
Other Non Operating Income (Expenses)	-1.06	-1.23	-1.46	0.14	-0.77
EBT Excluding Unusual Items	118.45	130.36	204.24	163.51	8.19
Other Unusual Items	-0.64	-10.24	-16.1	-1.21	-
Pretax Income	117.82	120.12	188.14	162.3	8.19
Income Tax Expense	0.13	0.08	0.1	0.1	0.08
Net Income	117.68	120.04	188.04	162.21	8.11
Net Income to Common	117.68	120.04	188.04	162.21	8.11
Net Income Growth	-1.96%	-36.16%	15.93%	1901.30%	-52.23%
Shares Outstanding (Basic)	54	54	53	53	54
Shares Outstanding (Diluted)	54	54	54	53	54
Shares Change (YoY)	0.08%	0.86%	0.34%	-1.72%	0.05%
EPS (Basic)	2.19	2.24	3.53	3.04	0.15
EPS (Diluted)	2.18	2.22	3.51	3.04	0.15
EPS Growth	-1.80%	-36.75%	15.46%	1929.16%	-51.67%
Free Cash Flow	182.8	175.03	219.88	-51.09	-602.09
Free Cash Flow Per Share	3.38	3.24	4.11	-0.96	-11.09
Dividend Per Share	3.000	3.000	3.000	2.300	0.400
Dividend Growth	-	-	30.44%	475.00%	100.00%
Gross Margin	79.43%	81.12%	81.05%	81.20%	75.26%
Operating Margin	55.51%	58.53%	57.66%	58.57%	45.98%
Profit Margin	33.02%	32.35%	54.05%	47.23%	4.93%
Free Cash Flow Margin	51.30%	47.18%	63.20%	-14.88%	-366.09%
EBITDA	263.7	282.89	272.84	270.99	117.47
EBITDA Margin	74.00%	76.24%	78.42%	78.90%	71.42%
D&A For EBITDA	65.9	65.73	72.22	69.83	41.85
EBIT	197.79	217.16	200.62	201.16	75.62
EBIT Margin	55.51%	58.53%	57.66%	58.57%	45.98%
Effective Tax Rate	0.11%	0.07%	0.05%	0.06%	1.03%

Updated Feb 28, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q