See more : South32 Limited (S32.L) Income Statement Analysis – Financial Results
Complete financial analysis of SBM Offshore N.V. (SBFFY) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of SBM Offshore N.V., a leading company in the Oil & Gas Equipment & Services industry within the Energy sector.
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SBM Offshore N.V. (SBFFY)
About SBM Offshore N.V.
SBM Offshore N.V. provides floating production solutions to the offshore energy industry worldwide. The company operates in two segments, Lease and Operate, and Turnkey. It engages in the design, supply, installation, operation, lease, and life extension of floating production storage and offloading (FPSO) vessels, as well as semi-submersibles, tension leg platforms, liquefied natural gas (LNG) FPSOs, turret mooring systems, LNG regasification to power vessels, floating offshore wind, and brownfield and offshore loading terminals. The company also provides catenary anchor leg mooring (CALM) or single point mooring (SPM) terminal; as well as provides solutions for floating unit mooring, flexible flowline, and subsea structure installation works. As of December 31, 2021, it operated a fleet of 14 FPSOs and 1 semi-submersible unit. The company was formerly known as IHC Caland and changed its name to SBM Offshore N.V. in 2005. SBM Offshore N.V. was founded in 1862 and is headquartered in Schiphol, the Netherlands.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 4.96B | 4.91B | 3.75B | 3.50B | 3.39B | 2.24B | 1.86B | 2.27B | 2.71B | 5.48B | 4.80B | 3.70B | 3.16B | 3.06B | 2.96B | 3.06B | 2.87B | 1.99B | 1.52B | 1.07B | 1.85B | 929.51M |
| Cost of Revenue | 3.54B | 3.73B | 2.83B | 2.61B | 2.46B | 1.44B | 1.06B | 1.43B | 1.86B | 4.27B | 4.32B | 3.57B | 3.32B | 2.54B | 2.50B | 2.65B | 2.44B | 1.62B | 1.16B | 825.67M | 0.00 | 0.00 |
| Gross Profit | 1.42B | 1.18B | 922.00M | 889.00M | 934.00M | 803.00M | 797.00M | 838.00M | 841.00M | 1.22B | 484.00M | 123.57M | -160.95M | 511.41M | 452.33M | 413.62M | 435.59M | 370.16M | 362.69M | 243.04M | 1.85B | 929.51M |
| Gross Profit Ratio | 28.60% | 24.06% | 24.60% | 25.43% | 27.54% | 35.85% | 42.83% | 36.88% | 31.09% | 22.20% | 10.08% | 3.34% | -5.10% | 16.74% | 15.30% | 13.52% | 15.17% | 18.60% | 23.87% | 22.74% | 100.00% | 100.00% |
| Research & Development | 37.00M | 35.00M | 29.00M | 24.00M | 24.00M | 23.00M | 33.00M | 29.00M | 43.00M | 40.00M | 23.00M | 25.35M | 50.41M | 20.66M | 22.80M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 183.00M | 154.00M | 146.00M | 143.00M | 128.00M | 122.00M | 132.00M | 142.00M | 196.00M | 220.00M | 161.00M | 128.77M | 84.44M | 85.98M | 137.17M | 90.02M | 76.50M | 32.53M | 30.62M | 15.58M | 1.92B | 1.79B |
| Selling & Marketing | 22.00M | 16.00M | 31.00M | 40.00M | 48.00M | 36.00M | 36.00M | 37.00M | 61.00M | 44.00M | 34.00M | 49.61M | 46.72M | 44.62M | 57.10M | 37.51M | 36.23M | 30.66M | 25.56M | 35.79M | 0.00 | 0.00 |
| SG&A | 205.00M | 170.00M | 177.00M | 183.00M | 176.00M | 158.00M | 168.00M | 179.00M | 257.00M | 264.00M | 195.00M | 178.38M | 131.16M | 130.59M | 137.17M | 127.53M | 112.73M | 63.19M | 56.18M | 51.37M | 1.92B | 1.79B |
| Other Expenses | 33.00M | -22.00M | 11.00M | -4.00M | 0.00 | 42.00M | 354.00M | 2.00M | 247.00M | 239.00M | -1.00M | -2.82M | -1.89M | -2.24M | -119.76M | -62.74M | 1.96M | 40.00K | 33.86M | -56.00K | 190.29M | 104.27M |
| Operating Expenses | 243.00M | 183.00M | 217.00M | 203.00M | 200.00M | 223.00M | 555.00M | 228.00M | 547.00M | 543.00M | 217.00M | 200.91M | 179.67M | 149.01M | 158.90M | 73.28M | 133.58M | 116.10M | 90.04M | 97.60M | 2.11B | 1.89B |
| Cost & Expenses | 3.79B | 3.91B | 3.04B | 2.81B | 2.66B | 1.66B | 1.62B | 1.66B | 2.41B | 4.81B | 4.54B | 3.77B | 3.50B | 2.69B | 2.66B | 2.72B | 2.57B | 1.74B | 1.25B | 923.27M | 2.11B | 1.89B |
| Interest Income | 24.00M | 10.00M | 2.00M | 6.00M | 20.00M | 29.00M | 22.00M | 25.00M | 25.00M | 26.00M | 21.00M | 6.01M | 13.20M | 19.73M | 77.25M | 24.93M | 20.87M | 17.88M | 9.83M | 7.71M | 153.00K | 573.00K |
| Interest Expense | 597.00M | 383.00M | 304.00M | 263.00M | 272.00M | 280.00M | 342.00M | 293.00M | 195.00M | 162.00M | 120.00M | 92.72M | 63.15M | 103.48M | 17.28M | 37.81M | 20.39M | 46.71M | 61.08M | 67.57M | 52.37M | 21.14M |
| Depreciation & Amortization | 65.00M | 82.00M | 107.00M | 316.00M | 243.00M | 235.00M | 276.00M | 236.00M | 213.00M | 226.00M | 18.00M | 1.24M | 13.20M | 19.73M | -42.51M | -37.81M | -20.39M | 15.13M | 9.74M | -56.50M | 154.80M | 97.91M |
| EBITDA | 1.23B | 1.11B | 843.00M | 927.00M | 994.00M | 835.00M | 622.00M | 839.00M | 545.00M | 1.07B | 282.00M | 56.00M | -327.42M | 406.21M | 310.90M | 340.34M | 345.24M | 271.06M | 285.17M | 167.65M | -109.89M | -863.06M |
| EBITDA Ratio | 24.73% | 22.53% | 24.79% | 29.55% | 31.05% | 27.46% | 14.45% | 36.93% | 22.37% | 19.03% | 5.87% | -1.70% | -10.37% | 12.51% | 8.49% | 11.12% | 10.52% | 13.62% | 18.50% | 14.21% | -5.94% | -92.85% |
| Operating Income | 1.18B | 1.02B | 734.00M | 605.00M | 742.00M | 603.00M | 358.00M | 564.00M | 239.00M | 726.00M | 293.00M | 50.48M | -340.62M | 362.40M | 293.44M | 275.06M | 302.02M | 254.27M | 275.34M | 161.22M | 64.44M | 82.33M |
| Operating Income Ratio | 23.76% | 20.80% | 19.58% | 17.31% | 21.88% | 26.92% | 19.24% | 24.82% | 8.84% | 13.24% | 6.10% | 1.37% | -10.79% | 11.86% | 9.93% | 8.99% | 10.52% | 12.78% | 18.12% | 15.09% | 3.49% | 8.86% |
| Total Other Income/Expenses | -590.00M | -362.00M | -191.00M | -239.00M | -200.00M | -219.00M | -333.00M | -289.00M | -102.00M | -48.00M | -112.00M | -75.00M | -49.95M | -83.74M | -59.79M | -37.81M | -20.39M | -31.49M | -51.25M | -61.13M | -51.88M | -20.38M |
| Income Before Tax | 589.00M | 660.00M | 543.00M | 366.00M | 542.00M | 384.00M | 25.00M | 275.00M | 137.00M | 678.00M | 194.00M | -36.38M | -390.57M | 278.66M | 233.65M | 237.26M | 281.63M | 222.78M | 224.09M | 100.09M | 12.56M | 61.95M |
| Income Before Tax Ratio | 11.87% | 13.43% | 14.49% | 10.47% | 15.98% | 17.14% | 1.34% | 12.10% | 5.06% | 12.37% | 4.04% | -0.98% | -12.37% | 9.12% | 7.90% | 7.75% | 9.81% | 11.20% | 14.75% | 9.37% | 0.68% | 6.67% |
| Income Tax Expense | -25.00M | 104.00M | 71.00M | 38.00M | 31.00M | 40.00M | 26.00M | 28.00M | 26.00M | 26.00M | 80.00M | 38.48M | 50.05M | 2.65M | 3.67M | 9.38M | 14.86M | 6.44M | -1.68M | 8.34M | -34.55M | -16.20M |
| Net Income | 491.00M | 450.00M | 400.00M | 328.00M | 511.00M | 212.00M | -155.00M | 182.00M | 29.00M | 575.00M | 114.00M | -79.49M | -440.61M | 239.96M | 221.00M | 223.17M | 266.77M | 216.34M | 225.68M | 28.81M | 46.61M | 77.39M |
| Net Income Ratio | 9.90% | 9.16% | 10.67% | 9.38% | 15.07% | 9.46% | -8.33% | 8.01% | 1.07% | 10.49% | 2.37% | -2.15% | -13.96% | 7.85% | 7.47% | 7.29% | 9.29% | 10.87% | 14.85% | 2.70% | 2.52% | 8.33% |
| EPS | 2.74 | 2.53 | 2.18 | 1.73 | 2.57 | 1.04 | -0.76 | 0.87 | 0.14 | 2.75 | 0.56 | -0.45 | -2.54 | 1.41 | 1.44 | 1.51 | 1.82 | 1.52 | 0.41 | 0.21 | 0.36 | 0.60 |
| EPS Diluted | 2.71 | 2.50 | 2.15 | 1.71 | 2.57 | 1.04 | -0.76 | 0.87 | 0.14 | 2.75 | 0.56 | -0.45 | -2.54 | 1.39 | 1.43 | 1.50 | 1.79 | 1.50 | 0.40 | 0.21 | 0.35 | 0.60 |
| Weighted Avg Shares Out | 179.24M | 177.91M | 183.72M | 189.81M | 198.57M | 204.27M | 202.85M | 210.57M | 210.85M | 209.24M | 203.86M | 175.59M | 173.61M | 170.30M | 152.98M | 147.44M | 145.01M | 142.25M | 554.23M | 134.78M | 130.97M | 129.17M |
| Weighted Avg Shares Out (Dil) | 181.50M | 179.87M | 185.64M | 191.46M | 198.58M | 204.31M | 202.85M | 210.57M | 211.00M | 209.42M | 205.01M | 175.59M | 173.61M | 172.23M | 153.96M | 148.66M | 149.39M | 142.25M | 557.89M | 134.95M | 131.95M | 129.84M |
FPSO Prosperity producing and on hire
November 14, 2023 SBM Offshore is pleased to announce that FPSO Prosperity has produced first oil as of November 14, 2023 and is formally on hire. The FPSO Prosperity utilizes a design that largely replicates the design of the FPSO...
FPSO Liza Unity Purchase by ExxonMobil Completed
November 9, 2023 SBM Offshore and ExxonMobil Guyana Limited, an affiliate of ExxonMobil Corporation, have completed the transaction related to the purchase of FPSO Liza Unity, a few months ahead of the end of the maximum lease term, in February...
Company share-plan-related repurchase of 350,000 shares
November 9, 2023 On November 9, 2023, SBM Offshore will start the repurchase of 350,000 of its own ordinary shares to meet obligations from regular management and employee share programs. At yesterday's closing price on Euronext Amsterdam, the program would...
SBM Offshore Third Quarter 2023 Trading Update
November 9, 2023 Highlights FEED contracts awarded by ExxonMobil Guyana for Whiptail development project in Guyana FPSO Liza Unity purchase option exercised by ExxonMobil Guyana; sale to be completed in November 2023 2023 Directional1 EBITDA guidance increased from above US$1...
SBM Offshore awarded FEED contracts for Whiptail project in Guyana
October 13, 2023 SBM Offshore is pleased to announce it has been awarded contracts to perform Front End Engineering and Design (FEED) for a Floating Production, Storage and Offloading vessel (FPSO) for the Whiptail development project in Guyana. Following FEED...
SBM Offshore and MHI sign Partnership Agreement for FPSO CO2 Capture Solution
September 15, 2023 SBM Offshore and Mitsubishi Heavy Industries Ltd. (MHI) are pleased to announce the signing of a Partnership Agreement that will offer a CO2 capture solution for Floating Production Storage and Offloading vessels (FPSO) as they are producing...
SBM Offshore's H1 core profit misses estimates
Dutch oil and gas services firm SBM Offshore reported on Thursday half-year directional earnings before interest, tax, depreciation and amortisation (EBITDA) that missed consensus estimates and fell below the level seen a year earlier.
SBM Offshore N.V. (SBFFF) CEO Bruno Chabas on Q2 2022 Results - Earnings Call Transcript
SBM Offshore N.V. (OTCPK:SBFFF) Q2 2022 Earnings Conference Call August 4, 2022 4:00 AM ET Company Participants Bruno Chabas - CEO Oivind Tangen - COO Douglas Wood - CFO Philippe Barril - CTO Conference Call Participants Luuk Van Beek -...
SBM Offshore N.V. (SBFFF) CEO Bruno Chabas on Q4 2021 Results - Earnings Call Transcript
SBM Offshore N.V. (SBFFF) CEO Bruno Chabas on Q4 2021 Results - Earnings Call Transcript
SRJ Technologies wins further asset integrity consulting work with SBM Offshore
SRJ Technologies Group PLC has been awarded a new consulting contract and a contract extension totalling about A$184,000 by SBM Offshore based in Monaco. The contract extension follows the successful completion of a previous contract to undertake detailed engineering analysis of...
Source: https://incomestatements.info
Category: Stock Reports