BW Offshore (BWO.OL) Financial Statements
Price: $27.65
Market Cap: $5.00B
Avg Volume: 98.31K
Market Cap: $5.00B
Avg Volume: 98.31K
Country: BM
Industry: Oil & Gas Equipment & Services
Sector: Energy
Industry: Oil & Gas Equipment & Services
Sector: Energy
Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of BW Offshore.
Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $606.70M | $659.20M | $774.10M | $829.30M | $886.30M | $1.15B | $870.40M | $626.00M | $844.70M | $1.11B |
| Cost of Revenue | $177.90M | $263.50M | $208.80M | $270.00M | $284.00M | $412.30M | $671.60M | $245.50M | $538.70M | $755.70M |
| Gross Profit | $428.80M | $395.70M | $565.30M | $559.30M | $602.30M | $740.70M | $198.80M | $380.50M | $306.00M | $352.30M |
| Gross Profit Ratio | 70.68% | 60.03% | 73.03% | 67.44% | 67.96% | 64.24% | 22.84% | 60.78% | 36.23% | 31.80% |
| Research and Development Expenses | $- | $5.10M | $4.60M | $3.80M | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $28.30M | $28.60M | $19.40M | $8.60M | $39.10M | $24.60M | $18.20M | $14.70M | $13.50M | $18.50M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $28.30M | $28.60M | $19.40M | $8.60M | $39.10M | $24.60M | $18.20M | $14.70M | $13.50M | $18.50M |
| Other Expenses | $259.30M | $224.10M | $408.60M | $418.60M | $411.10M | $407.20M | $370.00M | $259.10M | $324.50M | $-31.20M |
| Operating Expenses | $287.60M | $257.80M | $428.00M | $427.20M | $450.20M | $431.80M | $49.60M | $273.80M | $110.60M | $77.60M |
| Cost and Expenses | $465.50M | $521.30M | $636.80M | $697.20M | $734.20M | $844.10M | $721.20M | $519.30M | $649.30M | $833.30M |
| Interest Income | $17.70M | $9.20M | $1.90M | $300.00K | $500.00K | $4.20M | $2.40M | $1.80M | $1.70M | $2.80M |
| Interest Expense | $38.50M | $49.50M | $47.40M | $48.40M | $58.60M | $86.10M | $79.50M | $39.60M | $46.20M | $49.60M |
| Depreciation and Amortization | $177.90M | $187.20M | $208.80M | $270.00M | $284.00M | $412.30M | $338.60M | $228.60M | $227.40M | $262.50M |
| EBITDA | $343.60M | $350.00M | $405.90M | $365.30M | $408.20M | $644.90M | $494.90M | $311.70M | $173.40M | $136.30M |
| EBITDA Ratio | 56.63% | 53.09% | 52.44% | 44.05% | 46.06% | 55.93% | 56.86% | 49.79% | 20.53% | 12.30% |
| Operating Income | $141.20M | $137.90M | $123.60M | $169.40M | $124.20M | $232.60M | $157.50M | $80.20M | $-35.00M | $-119.70M |
| Operating Income Ratio | 23.27% | 20.92% | 15.97% | 20.43% | 14.01% | 20.17% | 18.10% | 12.81% | -4.14% | -10.80% |
| Total Other Income Expenses Net | $-14.00M | $-24.60M | $26.10M | $4.90M | $-131.40M | $-115.30M | $-80.70M | $-36.70M | $-65.20M | $-56.10M |
| Income Before Tax | $127.20M | $113.30M | $149.70M | $46.90M | $-272.00M | $184.30M | $76.80M | $43.50M | $-100.20M | $-175.80M |
| Income Before Tax Ratio | 20.97% | 17.19% | 19.34% | 5.66% | -30.69% | 15.98% | 8.82% | 6.95% | -11.86% | -15.87% |
| Income Tax Expense | $7.40M | $15.70M | $20.20M | $-15.30M | $38.00M | $78.20M | $40.30M | $2.30M | $32.70M | $40.50M |
| Net Income | $120.60M | $100.40M | $129.70M | $62.60M | $-310.00M | $82.60M | $33.50M | $39.80M | $-132.90M | $-216.30M |
| Net Income Ratio | 19.88% | 15.23% | 16.75% | 7.55% | -34.98% | 7.16% | 3.85% | 6.36% | -15.73% | -19.52% |
| EPS | $0.65 | $0.52 | $0.72 | $0.35 | $-1.45 | $0.45 | $0.18 | $0.22 | $-1.47 | $-15.72 |
| EPS Diluted | $0.63 | $0.48 | $0.66 | $0.33 | $-1.45 | $0.44 | $0.18 | $0.22 | $-1.47 | $-15.72 |
| Weighted Average Shares Outstanding | 194.68M | 191.69M | 211.00M | 215.09M | 213.47M | 184.96M | 184.95M | 184.96M | 90.21M | 13.76M |
| Weighted Average Shares Outstanding Diluted | 201.55M | 207.15M | 211.00M | 215.09M | 213.47M | 188.85M | 184.96M | 184.96M | 90.21M | 13.76M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $304.90M | $360.00M | $229.40M | $266.70M | $133.10M | $244.30M | $141.00M | $144.20M | $106.90M | $119.90M |
| Short Term Investments | $- | $1.00M | $- | $-3.20M | $-16.60M | $-41.50M | $- | $- | $- | $- |
| Cash and Short Term Investments | $304.90M | $361.00M | $229.40M | $266.70M | $133.10M | $244.30M | $141.00M | $144.20M | $106.90M | $119.90M |
| Net Receivables | $- | $111.40M | $258.60M | $250.00M | $172.30M | $155.90M | $137.50M | $208.50M | $163.40M | $217.30M |
| Inventory | $3.70M | $3.70M | $6.70M | $25.70M | $34.50M | $62.60M | $63.80M | $31.80M | $13.90M | $6.70M |
| Other Current Assets | $170.60M | $42.70M | $38.50M | $206.20M | $54.80M | $102.90M | $121.40M | $38.00M | $312.40M | $254.10M |
| Total Current Assets | $479.20M | $518.80M | $534.10M | $756.10M | $401.20M | $571.60M | $464.80M | $423.80M | $596.60M | $599.90M |
| Property Plant Equipment Net | $3.16B | $2.85B | $2.42B | $1.87B | $1.92B | $2.63B | $2.85B | $2.89B | $2.65B | $2.71B |
| Goodwill | $26.50M | $28.20M | $27.40M | $28.70M | $- | $- | $- | $- | $- | $- |
| Intangible Assets | $53.90M | $54.10M | $60.60M | $71.00M | $3.30M | $101.10M | $2.10M | $2.80M | $3.70M | $4.40M |
| Goodwill and Intangible Assets | $80.40M | $82.30M | $88.00M | $99.70M | $3.30M | $101.10M | $2.10M | $2.80M | $3.70M | $4.40M |
| Long Term Investments | $- | $384.80M | $337.90M | $213.50M | $248.20M | $51.30M | $9.20M | $7.90M | $7.80M | $7.70M |
| Tax Assets | $64.10M | $- | $61.80M | $62.90M | $17.30M | $12.30M | $12.50M | $11.50M | $2.60M | $4.20M |
| Other Non-Current Assets | $259.60M | $117.10M | $52.90M | $5.00M | $1.10M | $1.60M | $81.00M | $91.10M | $107.50M | $117.40M |
| Total Non-Current Assets | $3.57B | $3.43B | $2.96B | $2.25B | $2.19B | $2.80B | $2.95B | $3.00B | $2.77B | $2.84B |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $4.05B | $3.95B | $3.50B | $3.01B | $2.59B | $3.37B | $3.42B | $3.42B | $3.37B | $3.44B |
| Account Payables | $13.90M | $79.50M | $81.20M | $108.90M | $24.70M | $49.30M | $33.00M | $44.20M | $34.40M | $57.30M |
| Short Term Debt | $61.70M | $245.10M | $212.20M | $126.40M | $123.80M | $229.30M | $251.50M | $213.10M | $-55.20M | $280.70M |
| Tax Payables | $13.80M | $18.40M | $11.70M | $21.80M | $21.00M | $13.70M | $9.40M | $9.70M | $25.30M | $41.60M |
| Deferred Revenue | $- | $- | $- | $- | $- | $313.10M | $9.40M | $9.70M | $229.60M | $41.60M |
| Other Current Liabilities | $123.70M | $152.10M | $295.40M | $290.00M | $218.30M | $299.40M | $283.90M | $235.00M | $-25.20M | $228.80M |
| Total Current Liabilities | $213.10M | $495.10M | $600.50M | $547.10M | $387.80M | $591.70M | $596.60M | $521.40M | $438.40M | $608.40M |
| Long Term Debt | $1.54B | $1.32B | $1.06B | $1.01B | $971.70M | $1.04B | $1.11B | $1.20B | $1.57B | $1.46B |
| Deferred Revenue Non-Current | $1.02B | $-15.60M | $654.00M | $371.70M | $207.50M | $212.10M | $244.20M | $322.60M | $146.00M | $161.00M |
| Deferred Tax Liabilities Non-Current | $10.50M | $15.60M | $20.90M | $24.20M | $11.60M | $10.10M | $1.80M | $300.00K | $3.10M | $3.30M |
| Other Non-Current Liabilities | $17.80M | $924.90M | $11.60M | $427.70M | $282.30M | $278.40M | $386.20M | $444.00M | $442.20M | $265.10M |
| Total Non-Current Liabilities | $2.59B | $2.26B | $1.75B | $1.44B | $1.25B | $1.32B | $1.50B | $1.64B | $2.01B | $1.89B |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $2.80B | $2.76B | $2.35B | $1.99B | $1.64B | $1.91B | $2.10B | $2.16B | $2.45B | $2.50B |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $92.50M | $92.50M | $92.50M | $92.50M | $92.50M | $92.50M | $92.50M | $92.50M | $92.50M | $6.90M |
| Retained Earnings | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Accumulated Other Comprehensive Income Loss | $- | $- | $-239.40M | $-404.40M | $-431.30M | $-68.10M | $-30.60M | $-2.40B | $-2.15B | $-1.73B |
| Other Total Stockholders Equity | $997.30M | $913.10M | $1.09B | $1.09B | $1.09B | $1.10B | $1.10B | $3.28B | $2.98B | $2.67B |
| Total Stockholders Equity | $1.09B | $1.01B | $938.50M | $773.50M | $746.50M | $1.12B | $995.60M | $971.50M | $919.90M | $944.40M |
| Total Equity | $1.25B | $1.20B | $1.15B | $1.02B | $945.00M | $1.46B | $1.32B | $1.26B | $919.90M | $944.40M |
| Total Liabilities and Stockholders Equity | $4.05B | $3.95B | $3.50B | $3.01B | $2.59B | $3.37B | $3.42B | $3.42B | $3.37B | $3.44B |
| Minority Interest | $156.80M | $189.70M | $212.60M | $247.90M | $198.50M | $338.90M | $325.30M | $287.90M | $- | $- |
| Total Liabilities and Total Equity | $4.05B | $3.95B | $3.50B | $3.01B | $2.59B | $3.37B | $3.42B | $3.42B | $3.37B | $3.44B |
| Total Investments | $226.40M | $384.80M | $337.90M | $210.30M | $231.60M | $9.80M | $9.20M | $7.90M | $7.80M | $7.70M |
| Total Debt | $1.60B | $1.57B | $1.27B | $1.14B | $1.09B | $1.27B | $1.37B | $1.42B | $1.74B | $1.74B |
| Net Debt | $1.29B | $1.21B | $1.04B | $873.20M | $961.60M | $1.03B | $1.23B | $1.28B | $1.63B | $1.62B |
Cash Flow Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $127.20M | $113.30M | $149.70M | $46.90M | $-272.00M | $184.30M | $76.80M | $43.50M | $-100.20M | $-175.80M |
| Depreciation and Amortization | $177.90M | $187.20M | $208.80M | $270.00M | $284.00M | $412.30M | $338.60M | $228.60M | $227.40M | $262.50M |
| Deferred Income Tax | $- | $- | $- | $10.90M | $278.20M | $-123.20M | $- | $- | $- | $- |
| Stock Based Compensation | $1.50M | $2.20M | $2.70M | $4.50M | $1.50M | $1.00M | $100.00K | $90.36K | $271.07K | $451.79K |
| Change in Working Capital | $52.00M | $266.90M | $326.00M | $106.50M | $27.40M | $32.00M | $-28.00M | $315.90M | $-27.20M | $-80.20M |
| Accounts Receivables | $21.10M | $79.90M | $64.50M | $-93.40M | $5.00M | $-47.60M | $37.80M | $231.90M | $- | $- |
| Inventory | $- | $3.00M | $18.90M | $8.80M | $18.80M | $1.20M | $-32.00M | $-17.80M | $- | $- |
| Accounts Payables | $- | $- | $-64.50M | $93.40M | $-5.00M | $47.60M | $- | $- | $- | $- |
| Other Working Capital | $30.90M | $184.00M | $307.10M | $97.70M | $8.60M | $30.80M | $4.00M | $91.80M | $-27.20M | $-80.20M |
| Other Non Cash Items | $4.30M | $-10.90M | $-36.90M | $71.40M | $68.20M | $101.90M | $48.50M | $71.50M | $287.50M | $431.90M |
| Net Cash Provided by Operating Activities | $362.90M | $558.70M | $650.30M | $510.20M | $387.30M | $608.30M | $435.90M | $659.50M | $387.50M | $438.40M |
| Investments in Property Plant and Equipment | $-379.90M | $-804.50M | $-729.50M | $-295.40M | $-84.00M | $-273.50M | $-357.20M | $-443.00M | $-401.40M | $-481.80M |
| Acquisitions Net | $-17.60M | $-53.50M | $-53.80M | $-79.30M | $-66.30M | $- | $- | $-35.40M | $- | $-2.70M |
| Purchases of Investments | $- | $- | $- | $-3.20M | $- | $- | $- | $-35.40M | $- | $- |
| Sales Maturities of Investments | $176.40M | $500.00K | $52.20M | $65.70M | $- | $- | $- | $- | $- | $- |
| Other Investing Activities | $49.10M | $210.60M | $29.30M | $-10.80M | $700.00K | $48.80M | $2.40M | $1.80M | $1.70M | $88.30M |
| Net Cash Used for Investing Activities | $-172.00M | $-646.90M | $-701.80M | $-323.00M | $-149.60M | $-224.70M | $-354.80M | $-476.60M | $-399.70M | $-396.20M |
| Debt Repayment | $-147.50M | $281.00M | $109.40M | $7.90M | $-232.90M | $-145.60M | $-37.30M | $-351.90M | $-6.40M | $-15.80M |
| Common Stock Issued | $- | $- | $- | $61.60M | $- | $- | $- | $- | $100.00M | $- |
| Common Stock Repurchased | $- | $- | $- | $- | $-10.00M | $- | $- | $- | $- | $- |
| Dividends Paid | $-49.80M | $-25.30M | $-25.30M | $-25.30M | $-54.80M | $-33.90M | $-36.00M | $- | $- | $-34.30M |
| Other Financing Activities | $-48.80M | $-36.80M | $-76.50M | $-35.20M | $-50.60M | $-96.00M | $-11.20M | $207.60M | $3.70M | $-85.70M |
| Net Cash Used Provided by Financing Activities | $-246.10M | $218.90M | $7.60M | $-52.60M | $-348.30M | $-275.50M | $-84.50M | $-144.30M | $-2.70M | $-135.80M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Change in Cash | $-55.20M | $130.70M | $-43.90M | $134.60M | $-110.60M | $108.10M | $-3.40M | $38.60M | $-14.90M | $-93.60M |
| Cash at End of Period | $305.80M | $361.00M | $230.30M | $274.20M | $139.60M | $250.20M | $142.10M | $145.50M | $106.90M | $121.80M |
| Cash at Beginning of Period | $361.00M | $230.30M | $274.20M | $139.60M | $250.20M | $142.10M | $145.50M | $106.90M | $121.80M | $215.40M |
| Operating Cash Flow | $362.90M | $558.70M | $650.30M | $510.20M | $387.30M | $608.30M | $435.90M | $659.50M | $387.50M | $438.40M |
| Capital Expenditure | $-379.90M | $-804.50M | $-729.50M | $-295.40M | $-84.00M | $-273.50M | $-357.20M | $-443.00M | $-401.40M | $-481.80M |
| Free Cash Flow | $-17.00M | $-245.80M | $-79.20M | $214.80M | $303.30M | $334.80M | $78.70M | $216.50M | $-13.90M | $-43.40M |