← 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||||
| Current assets: | |||||||||||
| Cash and Cash Equivalents, at Carrying Value | $62.4m | $153.1m | $211.4m | $199.5m | $215.4m | $145.6m | $188.4m | $165.5m | $134.6m | $150.8m | |
| Cash and cash equivalents | $62.4m | $153.1m | $211.4m | $199.5m | $215.4m | $145.6m | $188.4m | $165.5m | $134.6m | $150.8m | |
| Trade accounts receivable | $3.5m | $12.6m | $3.0m | $4.6m | $6.7m | $11.1m | $20.0m | $41.2m | $36.8m | $11.6m | |
| Prepaid expenses and accrued income | $3.6m | $2.3m | $2.6m | $1.6m | $2.6m | $6.4m | $17.1m | $16.5m | $17.1m | $18.7m | |
| Loans and long-term receivables from related parties including associates | — | — | — | — | — | — | $45.0m | $45.0m | $45.0m | $45.0m | |
| Inventory, Net | $5.1m | $5.1m | $8.5m | $7.9m | $8.8m | $10.1m | $16.4m | $11.7m | $17.4m | $13.8m | |
| Assets, Current | $278.4m | $317.7m | $413.6m | $390.5m | $356.4m | $250.3m | $297.0m | $298.1m | $316.0m | $259.2m | |
| Total current assets | $278.4m | $317.7m | $413.6m | $390.5m | $356.4m | $250.3m | $297.0m | $298.1m | $316.0m | $259.2m | |
| Property, Plant and Equipment, Net | — | $2.3m | $1.6b | — | — | — | — | — | — | — | |
| Other Assets, Noncurrent | — | — | — | $64.2m | $22.0m | $19.1m | $13.5m | $8.9m | $294k | $294k | |
| Other long-term assets | $19.0m | $12.8m | $30.8m | $64.2m | $22.0m | $19.1m | $13.5m | $8.9m | $294k | $294k | |
| Additional Financial Items | |||||||||||
| Accounts Receivable, after Allowance for Credit Loss, Current | $3.5m | $12.6m | $3.0m | $4.6m | $6.7m | $11.1m | $20.0m | $41.2m | $36.8m | $11.6m | |
| Accrued Liabilities, Current | $13.8m | $13.4m | $12.5m | $17.1m | $21.1m | $19.8m | $27.2m | $39.2m | $51.4m | $51.9m | |
| Investment in debt and equity securities | — | $93.8m | $87.2m | $74.1m | $28.8m | $21.2m | $7.3m | $5.1m | $3.7m | $4.1m | |
| Other receivables, current | — | — | — | — | — | — | $34.3m | $35.7m | $5.2m | $60.2m | |
| Investment in sales-type leases, current portion | — | — | — | $56.2m | $55.4m | $23.5m | $15.4m | $20.6m | $35.1m | $0 | |
| Financial instruments at fair value, current portion | $110k | $108k | $5.3m | $6.1m | $1.6m | $738k | $16.9m | $12.4m | $14.9m | $0 | |
| Vessels, rigs and equipment, net | — | — | — | — | — | $2.2b | $2.6b | $2.7b | $3.6b | $3.1b | |
| Capital improvements in progress and newbuildings | — | — | — | — | — | $57.7m | $97.9m | $86.1m | $162.3m | $181.1m | |
| Investment in associated companies | $130k | $10.7m | $25.1m | $42.2m | $27.3m | $16.6m | $16.5m | $16.5m | $16.4m | $15.8m | |
| Financial instruments at fair value, long-term portion | $6.0m | $8.3m | $10.6m | $3.5m | $32.7m | $17.2m | $14.4m | $9.0m | $103k | $6.1m | |
| Other current liabilities | $8.9m | $14.7m | $8.3m | $13.3m | $16.1m | $22.7m | $27.8m | $37.9m | $38.2m | $45.1m | |
| Share capital | $1.0m | $1.1m | $1.2m | $1.2m | $1.3m | $1.4m | $1.4m | $1.4m | $1.5m | $1.5m | |
| Contributed surplus | $680.7m | $680.7m | $680.7m | $648.8m | $539.4m | $461.8m | $424.6m | $424.6m | $417.7m | $292.6m | |
| AOCI, Debt Securities, Available-for-sale, Adjustment, after Tax | ($79.0m) | ($100.4m) | $644k | $635k | $915k | $631k | $0 | $0 | — | — | |
| Assets | $2.9b | $3.0b | $3.9b | $3.9b | $3.1b | $3.5b | $3.9b | $3.7b | $4.1b | $3.6b | |
| Total assets | $2.9b | $3.0b | $3.9b | $3.9b | $3.1b | $3.5b | $3.9b | $3.7b | $4.1b | $3.6b | |
| LIABILITIES AND EQUITY | |||||||||||
| Total liabilities and stockholders' equity | $2.9b | $3.0b | $3.9b | $3.9b | $3.1b | $3.5b | $3.9b | $3.7b | $4.1b | $3.6b | |
| Current liabilities: | |||||||||||
| Long-term Debt, Current Maturities | $174.9m | $313.8m | $267.1m | $253.1m | $485.0m | $302.8m | $921.3m | $432.9m | $689.0m | $605.9m | |
| Long-term Debt, Excluding Current Maturities | $1.4b | $1.2b | $1.2b | $1.4b | $1.2b | $1.6b | $1.3b | $1.7b | $2.2b | $2.0b | |
| Deferred Revenue, Current | $4.3m | $3.9m | $7.6m | $10.0m | $15.2m | $21.5m | $27.2m | — | — | — | |
| Short-term debt and current portion of long-term debt | $174.9m | $313.8m | $267.1m | $253.1m | $485.0m | $302.8m | $921.3m | $432.9m | $689.0m | $605.9m | |
| Trade accounts payable | $1.2m | $487k | $1.9m | $3.4m | $1.2m | $1.8m | $7.9m | $30.3m | $34.3m | $7.3m | |
| Liabilities, Current | $239.0m | $343.7m | $404.1m | $365.8m | $576.5m | $400.3m | $1.1b | $969.2m | $827.9m | $710.3m | |
| Total current liabilities | $239.0m | $343.7m | $404.1m | $365.8m | $576.5m | $400.3m | $1.1b | $969.2m | $827.9m | $710.3m | |
| Other Liabilities, Noncurrent | $124.9m | $234.5m | $3.3m | $4k | $4k | $4k | $4k | $4k | $970k | $277k | |
| Other long-term liabilities | $124.9m | $234.5m | $3.3m | $4k | $4k | $4k | $4k | $4k | $970k | $277k | |
| Liabilities | $1.8b | $1.8b | $2.7b | $2.8b | $2.3b | $2.5b | $2.8b | $2.7b | $3.0b | $2.7b | |
| Total liabilities | $1.8b | $1.8b | $2.7b | $2.8b | $2.3b | $2.5b | $2.8b | $2.7b | $3.0b | $2.7b | |
| Stockholders’ equity: | |||||||||||
| Common Stock, Value, Issued | $1.0m | $1.1m | $1.2m | $1.2m | $1.3m | $1.4m | $1.4m | $1.4m | $1.5m | $1.5m | |
| Additional Paid in Capital | $282.5m | $403.7m | $468.8m | $469.4m | $531.4m | $621.0m | $616.6m | $618.2m | $716.2m | $718.0m | |
| Retained Earnings (Accumulated Deficit) | $255.6m | $203.9m | $29.5m | $0 | ($257.1m) | ($92.7m) | $40.0m | $960k | $0 | ($26.4m) | |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | — | — | — | ($13.0m) | ($19.3m) | ($9.2m) | $8.7m | $4.5m | $3.2m | ($4.5m) | |
| Additional Paid in Capital, Common Stock | $282.5m | $403.7m | $468.8m | $469.4m | $531.4m | $621.0m | $616.6m | $618.2m | — | — | |
| Treasury stock | — | — | — | — | — | — | $0 | ($10.2m) | ($10.2m) | ($20.2m) | |
| Accumulated other comprehensive income | — | — | ($220k) | ($13.0m) | ($19.3m) | ($9.2m) | $8.7m | $4.5m | $3.2m | ($4.5m) | |
| Stockholders' Equity Attributable to Parent | $1.1b | $1.2b | $1.2b | $1.1b | $795.7m | $982.3m | $1.1b | $1.0b | $1.1b | $960.9m | |
| Total stockholders' equity | $1.1b | $1.2b | $1.2b | $1.1b | $795.7m | $982.3m | $1.1b | $1.0b | $1.1b | $960.9m | |
| Liabilities and Equity | $2.9b | $3.0b | $3.9b | $3.9b | $3.1b | $3.5b | $3.9b | $3.7b | $4.1b | $3.6b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.