← SFL Corp Ltd.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $413.0m |
$380.9m
-7.77%
|
$418.7m
+9.93%
|
$458.8m
+9.59%
|
$471.0m
+2.66%
|
$513.4m
+8.99%
|
$670.4m
+30.58%
|
$752.3m
+12.22%
|
$904.4m
+20.22%
|
$733.0m
-18.95%
|
$706.4m
-3.63%
|
|
| Time charter revenues | — | — | — | — | — | — | $476.0m | $544.4m | $619.4m | $602.2m | — | |
| Voyage charter and pool revenues | — | — | — | — | — | — | $72.4m | $33.6m | $18.9m | $14.8m | — | |
| Drilling contract revenues | — | — | — | — | $0 | $0 | $18.8m | $146.9m | $236.7m | $96.3m | — | |
| Profit sharing revenues | — | — | — | — | — | — | $27.8m | $13.2m | $16.7m | $5.6m | — | |
| Interest income – sales-type and leaseback assets | — | — | — | — | — | — | — | $6.2m | $2.4m | $951k | $21.0m | |
| Amortization of Intangible Assets | — | — | $1.7m | — | — | — | — | — | — | — | — | |
| Vessel and rig operating expenses | — | — | — | — | — | — | $205.1m | $293.8m | $343.3m | $301.8m | — | |
| Operating Expenses | $244.7m | $227.4m | $306.1m | $321.1m | $611.5m | $310.0m | $408.1m | $530.8m | $603.1m | $589.2m | $528.8m | |
| Other Operating Income | $168.1m | $154.6m | $1.9m | $2.8m | $4.6m | $4.4m | $5.8m | $8.0m | $10.3m | $13.3m | — | |
| Operating Income (Loss) | $168.1m |
$154.6m
-8.01%
|
$117.6m
-23.94%
|
$137.8m
+17.14%
|
($138.2m)
-200.29%
|
$242.8m
+275.75%
|
$275.5m
+13.44%
|
$240.2m
-12.81%
|
$306.7m
+27.70%
|
$136.7m
-55.44%
|
$177.6m
+29.91%
|
|
| Interest income – long-term loans to associated companies | — | — | — | — | — | — | $4.6m | $4.6m | $4.6m | $4.6m | $21.0m | |
| Interest income – other | $2.2m | $3.6m | $2.9m | $4.3m | $876k | $86k | $2.9m | $9.1m | $9.2m | $10.2m | $21.0m | |
| Debt and Equity Securities, Gain (Loss) | — | ($4.4m) | $25.8m | $67.7m | ($22.5m) | $995k | $18.2m | ($1.9m) | ($854k) | ($39k) | — | |
| Debt and Equity Securities, Realized Gain (Loss) | — | — | $13.5m | — | — | — | — | — | — | — | — | |
| Equity Securities, FV-NI, Realized Gain (Loss) | — | — | — | $40.8m | $4.9m | $725k | $4.6m | $0 | — | — | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | $146k | $4.5m | $2.0m | $300k | $5.6m | ($400k) | ($700k) | ($100k) | — | — | — | |
| (Loss)/Gain on sale of assets and settlement of charters, net | — | — | — | — | — | — | — | $18.7m | $5.4m | ($7.2m) | — | |
| Other Nonoperating Income (Expense) | ($2.1m) | ($2.7m) | $10.4m | ($12.8m) | ($25.9m) | $6.7m | $15.5m | ($1.2m) | $2.5m | $2.2m | — | |
| Income (Loss) from Equity Method Investments | $27.8m | $23.8m | $14.6m | $17.1m | $4.3m | $4.2m | $2.8m | $2.8m | $2.8m | $2.4m | — | |
| Interest Expense (non-operating) | — | — | — | — | $135.4m | $97.1m | $117.3m | $167.0m | $183.0m | $180.5m | $166.1m | |
| (Loss)/Income before taxes | — | — | — | — | — | $164.3m | $202.8m | $87.3m | $141.3m | ($24.5m) | — | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | — | — | — | — | — | — | — | $87.3m | $141.3m | ($24.5m) | $33.2m | |
| Tax expense | — | — | — | — | — | $0 | $0 | ($3.3m) | ($10.6m) | ($1.9m) | — | |
| Current Income Tax Expense (Benefit) | — | — | — | — | — | — | — | — | — | $2.6m | $1.7m | |
| Net Income (Loss) Attributable to Parent | $146.4m |
$101.2m
-30.87%
|
$73.6m
-27.26%
|
$89.2m
+21.13%
|
($224.4m)
-351.66%
|
$164.3m
+173.23%
|
$202.8m
+23.38%
|
$83.9m
-58.60%
|
$130.7m
+55.66%
|
($26.4m)
-120.23%
|
$31.5m
+219.24%
|
|
| Earnings Per Share, Basic | $1.57 | $1.06 | $0.70 | $0.83 | ($2.06) | $1.35 | $1.60 | $0.67 | $1.01 | ($0.20) | $0.24 | |
| Earnings Per Share, Diluted | $1.50 | $1.03 | $0.69 | $0.83 | ($2.06) | $1.30 | $1.53 | $0.66 | $1.01 | ($0.20) | $0.24 | |
| Weighted Average Number of Shares Outstanding, Basic | 93.5m | 95.6m | 105.9m | 107.6m | 109.0m | 122.1m | 126.8m | 126.2m | 129.4m | 133.1m | 132.8m | |
| Weighted Average Number of Shares Outstanding, Diluted | 108.0m | 102.9m | 107.6m | 107.7m | 109.0m | 139.4m | 137.4m | 126.6m | 130.0m | 133.1m | 133.0m | |
| Additional Financial Items | ||||||||||||
| Other Interest and Dividend Income | $2.2m | $3.6m | $2.9m | $4.3m | $876k | $86k | $2.9m | $9.1m | $9.2m | $10.2m | — | |
| Depreciation | $94.3m | $88.2m | $104.1m | $116.4m | $111.3m | $138.3m | $187.8m | $214.1m | $239.2m | $235.0m | — | |
| Vessel impairment charge | $5.3m | $0 | $64.3m | $60.1m | $333.1m | $1.9m | $0 | $7.4m | $0 | $34.1m | — | |
| Administrative expenses | — | — | — | — | — | — | $15.2m | $15.6m | $20.6m | $18.3m | — | |
| Loss on investments in debt and equity securities | — | ($4.4m) | $25.8m | $67.7m | ($22.5m) | $995k | $18.2m | ($1.9m) | ($854k) | ($39k) | — | |
| Other financial items, net | ($2.1m) | ($2.7m) | $10.4m | ($12.8m) | ($25.9m) | $6.7m | $15.5m | ($1.2m) | $2.5m | $2.2m | — | |
| Equity in earnings of associated companies | $27.8m | $23.8m | $14.6m | $17.1m | $4.3m | $4.2m | $2.8m | $2.8m | $2.8m | $2.4m | — | |
| Net (loss)/income | $146.4m | $101.2m | $73.6m | $89.2m | ($224.4m) | $164.3m | $202.8m | $83.9m | $130.7m | ($26.4m) | — |