← Frontline plc
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income From Continuing Operations | — | — | — | — | — | — | $475.5m | $656.4m | $495.6m | $379.1m | |
| Net Income (Loss) Attributable to Parent | $117.0m | ($264.9m) | ($8.9m) | $140.0m | $412.9m | ($11.1m) | $475.5m | $656.4m | $495.6m | $379.1m | |
| Other Adjustments To Reconcile Profit Loss | — | — | — | — | — | — | $674k | $182k | $1.5m | ($124k) | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | $117.0m | ($264.9m) | ($8.9m) | — | — | — | — | — | — | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $117.5m | ($264.3m) | — | — | — | — | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $0 | $0 | — | — | — | — | — | — | — | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $504k | $539k | $482k | $14k | $131k | $0 | — | — | — | — | |
| Amortization of Debt Issuance Costs | $2.0m | $1.9m | $2.5m | $4.6m | $5.6m | $5.2m | ($4.3m) | ($20.0m) | ($29.7m) | ($16.0m) | |
| Depreciation | $141.0m | $141.7m | $122.6m | $117.8m | $138.8m | $147.8m | $165.2m | $230.9m | $339.0m | $328.5m | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $165.2m | $230.9m | $339.0m | $328.5m | |
| Adjustments For Share-Based Payments | — | — | — | — | — | — | $4.7m | $10.7m | ($2.2m) | $5.6m | |
| Goodwill, Impairment Loss | — | $112.8m | $0 | $0 | $0 | $0 | — | — | — | — | |
| Gain (Loss) on Disposition of Property Plant Equipment | — | — | — | — | $12.4m | $5.1m | — | — | — | — | |
| Gain (Loss) on Disposition of Business | — | — | — | — | $6.9m | $0 | — | — | — | — | |
| Income (Loss) from Equity Method Investments | $0 | $0 | $246k | $1.7m | ($4.4m) | ($724k) | — | — | — | — | |
| Income Tax Expense (Benefit) | $345k | $290k | $316k | $307k | ($14k) | $4.6m | — | — | — | — | |
| Other Nonoperating Income (Expense) | $204k | $1.2m | $506k | $403k | $109k | $18.2m | — | — | — | — | |
| Earnings (Loss)es From Equity Investments | — | — | — | — | — | — | ($14.2m) | ($3.4m) | $599k | ($1.1m) | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | ($4.3m) | $506k | $133k | $13.6m | ($22.0m) | $22.4m | — | — | — | — | |
| Increase (Decrease) in Inventories | $12.2m | $24.1m | $7.3m | ($2.1m) | ($7.2m) | $22.9m | — | — | — | — | |
| Increase (Decrease) in Other Operating Assets | ($406k) | $1k | $2.3m | ($6.0m) | ($3.8m) | $1.1m | — | — | — | — | |
| Adjustments For Decrease Increase In Trade Account Receivable | — | — | — | — | — | — | ($59.6m) | $10.3m | ($2.8m) | ($5.1m) | |
| Adjustments For Increase Decrease In Trade Account Payable | — | — | — | — | — | — | $5.7m | ($193k) | $3.4m | $21.4m | |
| Adjustments For Undistributed Profits Of Associates | — | — | — | — | — | — | $14.2m | $3.4m | ($599k) | $1.1m | |
| Equity Securities, FV-NI, Realized Gain (Loss) | — | — | $3.5m | ($1.7m) | $2.5m | ($7.7m) | $58.4m | ($23.0m) | $3.4m | $1.6m | |
| Foreign Currency Transaction Gain (Loss), before Tax | $9k | ($55k) | ($869k) | ($26k) | $2.0m | ($116k) | — | — | — | — | |
| Gain (Loss) on Termination of Lease | — | ($2.4m) | $10.3m | $0 | $7.4m | $0 | — | — | — | — | |
| Gain (Loss) Related to Litigation Settlement | — | — | — | — | $3.4m | $0 | — | — | — | — | |
| General and Administrative Expense | $37.0m | $37.6m | $37.3m | $45.0m | $44.2m | $27.9m | — | — | — | — | |
| Goodwill | $225.3m | $112.5m | $112.5m | $112.5m | $112.5m | $112.5m | $112.5m | $112.5m | $112.5m | $112.5m | |
| Interest Received Classified As Operating Activities | — | — | — | — | — | — | $5.1m | $39.4m | $40.7m | $30.3m | |
| Investment Income, Interest | $367k | $588k | $843k | $1.5m | $705k | $119k | — | — | — | — | |
| Marketable Securities, Unrealized Gain (Loss) | — | — | ($3.5m) | $1.7m | ($2.5m) | ($204k) | $58.4m | ($23.0m) | $3.4m | $1.6m | |
| Nonoperating Income (Expense) | ($59.6m) | ($67.8m) | ($90.8m) | ($99.2m) | ($94.8m) | ($18.7m) | — | — | — | — | |
| Operating Expenses | $574.1m | $845.0m | $669.8m | $721.2m | $743.3m | $743.1m | — | — | — | — | |
| Payments of Financing Costs | $9.5m | $3.5m | $0 | $4.1m | $16.5m | $8.1m | — | — | — | — | |
| Payments Of Lease Liabilities Classified As Financing Activities | — | — | — | — | — | — | $2.1m | $862k | $930k | $412k | |
| Proceeds From Borrowings Classified As Financing Activities | — | — | — | — | — | — | $651.2m | $1.6b | $2.2b | $1.4b | |
| Proceeds From Issuing Shares | — | — | — | — | — | — | $0 | $0 | — | — | |
| Proceeds from Stock Options Exercised | — | — | — | — | $5.8m | $1.9m | — | — | — | — | |
| Purchase Of Interests In Associates | — | — | — | — | — | — | $1.5m | $0 | $0 | — | |
| Repayments Of Borrowings Classified As Financing Activities | — | — | — | — | — | — | $597.8m | $536.6m | $1.9b | $2.1b | |
| Beginning Cash Position | — | — | — | — | — | — | $113.1m | $254.5m | $308.3m | $413.5m | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | $13.4m | $433.1m | ($147.8m) | ($869.6m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($257.3m) | ($1.2b) | ($483.4m) | $25.0m | |
| Change In Account Payable | — | — | — | — | — | — | $36.4m | ($2.7m) | $3.4m | $21.4m | |
| Change In Accrued Expense | — | — | — | — | — | ($3.5m) | $30.0m | $1.1m | — | — | |
| Change In Inventory | — | — | — | — | — | — | ($98.6m) | ($27.7m) | $7.5m | ($24.0m) | |
| Change In Other Current Assets | — | — | — | — | — | — | ($1.4m) | ($2.0m) | ($10.1m) | ($5.6m) | |
| Change In Other Current Liabilities | — | — | — | — | — | $135k | $678k | — | — | — | |
| Change In Other Working Capital | — | — | — | — | — | — | ($7.2m) | $10.5m | ($3.1m) | ($10.3m) | |
| Change In Payable | — | — | — | — | — | — | $36.4m | ($2.7m) | $3.4m | $21.4m | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $36.4m | ($2.7m) | $3.4m | $21.4m | |
| Change In Prepaid Assets | — | — | — | — | — | — | ($5.4m) | ($1.5m) | $1.3m | ($8.0m) | |
| Change In Receivables | — | — | — | — | — | — | ($65.9m) | $14.8m | ($2.8m) | ($5.1m) | |
| Change In Working Capital | — | — | — | — | — | — | ($142.1m) | ($8.5m) | ($3.7m) | ($31.5m) | |
| Changes In Account Receivables | — | — | — | — | — | — | ($65.9m) | $14.8m | ($2.8m) | ($5.1m) | |
| Changes In Cash | — | — | — | — | — | — | $141.5m | $53.8m | $105.2m | ($162.2m) | |
| End Cash Position | — | — | — | — | — | — | $254.5m | $308.3m | $413.5m | $251.3m | |
| Financing Cash Flow | — | — | — | — | — | — | $13.4m | $433.1m | ($147.8m) | ($869.6m) | |
| Free Cash Flow | — | — | — | — | — | — | $49.5m | ($775.2m) | ($178.8m) | $669.9m | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | ($112.0m) | ($31.0m) | ($5.8m) | $2.4m | |
| Gain Loss On Sale Of PPE | — | — | — | — | — | — | ($4.6m) | ($22.0m) | ($112.1m) | ($5.9m) | |
| Interest Received CFO | — | — | — | — | — | — | $5.1m | $39.4m | $40.7m | $30.3m | |
| Investing Cash Flow | — | — | — | — | — | — | ($257.3m) | ($1.2b) | ($483.4m) | $25.0m | |
| Issuance Of Capital Stock | — | — | — | — | — | $52.4m | $0 | $0 | — | — | |
| Net Business Purchase And Sale | — | — | — | — | — | $5.6m | ($1.5m) | $0 | $0 | — | |
| Net Foreign Currency Exchange Gain Loss | — | — | — | — | — | — | ($16k) | ($1.2m) | $710k | $59k | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($255.8m) | ($1.5b) | ($483.4m) | $24.6m | |
| Operating Gains Losses | — | — | — | — | — | — | ($130.8m) | ($57.6m) | ($116.6m) | ($4.6m) | |
| Other Non Cash Items | — | — | — | — | — | — | $90.8m | $142.7m | $258.3m | $200.4m | |
| Purchase Of Business | — | — | — | — | — | $0 | ($1.5m) | $0 | $0 | — | |
| Purchase Of PPE | — | — | — | — | — | — | ($335.8m) | ($1.6b) | ($915.2m) | ($12.5m) | |
| Sale Of Business | — | — | — | — | — | $5.6m | $0 | $0 | — | — | |
| Sale Of PPE | — | — | — | — | — | — | $80.0m | $142.7m | $431.9m | $37.1m | |
| Stock Based Compensation | — | — | — | — | — | — | $4.7m | $10.7m | ($2.2m) | $5.6m | |
| Profit or Loss | $117.5m | ($264.3m) | ($8.4m) | $140.0m | $413.0m | ($11.1m) | $475.5m | $656.4m | $495.6m | $379.1m | |
| Derivative, Gain (Loss) on Derivative, Net | $8.0m | $93k | $3.2m | ($11.8m) | ($15.1m) | $23.3m | — | — | — | — | |
| Gain (Loss) on Derivative Instruments, Net, Pretax | $3.7m | ($753k) | $4.3m | ($10.1m) | ($18.6m) | $17.5m | — | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $286.0m | $130.5m | $46.2m | $280.2m | $604.1m | $62.9m | $385.3m | $856.2m | $736.4m | $682.5m | |
| Cash flows from investing activities: | |||||||||||
| Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities | — | — | — | — | — | — | $80.0m | $142.7m | $431.9m | $37.1m | |
| Capital Expenditure | — | — | — | — | — | — | ($335.8m) | ($1.6b) | ($915.2m) | ($12.5m) | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | $0 | $251.8m | $0 | $360k | |
| Purchase Of Investment | — | — | — | — | — | ($357k) | $0 | $0 | — | — | |
| Gain (Loss) on Sale of Investments | $0 | $1.1m | $1.0m | $0 | $0 | — | — | — | — | — | |
| Sale Of Investment | — | — | — | — | — | — | $0 | $251.8m | $0 | $360k | |
| Net Cash Provided by (Used in) Investing Activities | ($396.8m) | ($722.6m) | ($199.2m) | ($190.6m) | ($716.0m) | ($363.1m) | ($257.3m) | ($1.2b) | ($483.4m) | $25.0m | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | $356.1m | $673.4m | $298.9m | $146.0m | $1.4b | $403.9m | $651.2m | $1.6b | $2.2b | $1.4b | |
| Issuance Of Debt | — | — | — | — | — | — | $651.2m | $1.6b | $2.2b | $1.4b | |
| Long Term Debt Issuance | — | — | — | — | — | — | $651.2m | $1.6b | $2.2b | $1.4b | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $46.8m | $1.1b | $286.3m | ($662.6m) | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | $46.8m | $1.1b | $286.3m | ($662.6m) | |
| Repayments of Long-term Debt | $169.9m | $84.0m | $172.4m | $185.3m | $921.8m | $219.5m | — | — | — | — | |
| Long Term Debt Payments | — | — | — | — | — | — | ($604.4m) | ($537.4m) | ($1.9b) | ($2.1b) | |
| Repayment Of Debt | — | — | — | — | — | — | ($604.4m) | ($537.4m) | ($1.9b) | ($2.1b) | |
| Proceeds from Issuance of Common Stock | $98.2m | $0 | $85k | $98.4m | $5.8m | $52.4m | — | — | — | — | |
| Common Stock Issuance | — | — | — | — | — | $52.4m | $0 | $0 | — | — | |
| Net Common Stock Issuance | — | — | — | — | — | $52.4m | $0 | $0 | — | — | |
| Dividends paid | $164.6m | $51.4m | $386k | $19.7m | $312.4m | $0 | — | — | — | — | |
| Dividends Paid Classified As Financing Activities | — | — | — | — | — | — | $33.4m | $638.9m | $434.1m | $207.0m | |
| Dividends Paid Ordinary Shares Per Share | — | — | — | — | — | — | $0.15 | $2.87 | $1.95 | $0.93 | |
| Cash Dividends Paid | — | — | — | — | — | — | ($33.4m) | ($638.9m) | ($434.1m) | ($207.0m) | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($33.4m) | ($638.9m) | ($434.1m) | ($207.0m) | |
| Dividend Received CFO | — | — | — | — | — | — | $0 | $7.3m | $0 | $4.5m | |
| Net Cash Provided by (Used in) Financing Activities | $48.6m | $493.8m | $116.1m | $19.9m | $124.2m | $223.6m | $13.4m | $433.1m | ($147.8m) | ($869.6m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | ($37.0m) | $109.5m | $12.3m | ($76.6m) | — | — | — | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $67.9m | $177.4m | $189.6m | $113.1m | — | — | — | — | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | $141.5m | $53.8m | $105.2m | ($162.2m) | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $53.5m | $57.3m | $80.9m | $90.6m | $67.9m | $54.6m | ($83.0m) | ($165.2m) | ($274.7m) | ($229.8m) | |
| Interest Paid Classified As Operating Activities | $53.5m | $57.3m | $80.9m | $90.6m | $67.9m | $54.6m | $83.0m | $165.2m | $274.7m | $229.8m | |
| Income Taxes Paid Refund Classified As Operating Activities | $716k | $1.2m | $329k | $324k | $27k | $5.0m | $199k | $122k | $4.5m | $2.7m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.