← 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
Total Revenue $413.0m $380.9m $418.7m $458.8m $471.0m $513.4m $670.4m $752.3m $904.4m $733.0m
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
Total operating expenses $244.7m $227.4m $306.1m $321.1m $611.5m $310.0m $408.1m $530.8m $603.1m $589.2m
Operating Income (Loss) $168.1m $154.6m $117.6m $137.8m ($138.2m) $242.8m $275.5m $240.2m $306.7m $136.7m
Additional Financial Items
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
Amortization of Intangible Assets — — $1.7m — — — — — — —
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) — —
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
Other Interest and Dividend Income $2.2m $3.6m $2.9m $4.3m $876k $86k $2.9m $9.1m $9.2m $10.2m
Other Operating Income $168.1m $154.6m $1.9m $2.8m $4.6m $4.4m $5.8m $8.0m $10.3m $13.3m
Interest income – sales-type and leaseback assets — — — — — — — $6.2m $2.4m $951k
(Loss)/Gain on sale of assets and settlement of charters, net — — — — — — — $18.7m $5.4m ($7.2m)
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
Interest income – long-term loans to associated companies — — — — — — $4.6m $4.6m $4.6m $4.6m
Interest income – other $2.2m $3.6m $2.9m $4.3m $876k $86k $2.9m $9.1m $9.2m $10.2m
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)
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest — — — — — — — $87.3m $141.3m ($24.5m)
(Loss)/Income before taxes — — — — — $164.3m $202.8m $87.3m $141.3m ($24.5m)
Net Income (Loss) Attributable to Parent $146.4m $101.2m $73.6m $89.2m ($224.4m) $164.3m $202.8m $83.9m $130.7m ($26.4m)
Net Income (Loss) Available to Common Stockholders, Basic $146.4m $101.2m $73.6m $89.2m ($224.4m) $164.3m $202.8m $83.9m $130.7m ($26.4m)
Earnings Per Share, Basic $1.57 $1.06 $0.70 $0.83 ($2.06) $1.35 $1.60 $0.67 $1.01 ($0.20)
Earnings Per Share, Diluted $1.50 $1.03 $0.69 $0.83 ($2.06) $1.30 $1.53 $0.66 $1.01 ($0.20)
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
Weighted average number of shares outstanding, basic (in shares) 93.5m 95.6m 105.9m 107.6m 109.0m 122.1m 126.8m 126.2m 129.4m 133.1m
Weighted average number of shares outstanding, diluted (in shares) 108.0m 102.9m 107.6m 107.7m 109.0m 139.4m 137.4m 126.6m 130.0m 133.1m
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
Other Nonoperating Income (Expense) ($2.1m) ($2.7m) $10.4m ($12.8m) ($25.9m) $6.7m $15.5m ($1.2m) $2.5m $2.2m
Administrative expenses — — — — — — $15.2m $15.6m $20.6m $18.3m
Tax expense — — — — — $0 $0 ($3.3m) ($10.6m) ($1.9m)
Interest Expense (non-operating) — — — — — — — — $183.0m $180.5m
Interest expense — — — — ($135.4m) ($97.1m) ($117.3m) ($167.0m) ($183.0m) ($180.5m)
Current Income Tax Expense (Benefit) — — — — — — — — — $2.6m
Income Tax Expense (Benefit) — — — — — — — $3.3m $10.6m $1.9m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.