SFL Corporation Ltd. (SFL) quarterly cash flow statement — complete operating, investing & financing history
SFL Corporation Ltd. (SFL) cash flow statement — 25-year operating, investing & financing cash flows
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Cash from Operations | 88.32M | 34.09M | 74.56M | 66.84M | 70.14M | 78.61M | 101.83M | 80.61M | 124.42M | 63.01M | 80.92M | 31.21M | 149.91M | 81.06M | 108.5M | 79.92M | 85.2M | 108.5M | 91.5M | 77.14M |
| Operating CF Margin % | 43.99% | 19.54% | 43.68% | 38.14% | 37.2% | 42.42% | 45.27% | 31.9% | 66.47% | 27.78% | 38.61% | 15.36% | 92.25% | 47.36% | 55.86% | 48.33% | 55.58% | 54.85% | 60.17% | 56.95% |
| Operating CF Growth % | 25.93% | -56.64% | -26.78% | -17.08% | -43.63% | 24.76% | 25.83% | 158.29% | -17% | -22.27% | -25.42% | -60.95% | 75.95% | -25.3% | 18.59% | 3.6% | 37.5% | 72.25% | 11.48% | 7.18% |
| Net Income | 33.79M | 26.08M | -4.65M | 8.63M | 1.46M | -31.87M | 20.2M | 44.52M | 20.63M | 45.3M | 31.37M | 29.3M | 16.93M | 6.33M | 48.45M | 49.88M | 57.41M | 48.45M | 80.12M | 33.21M |
| Depreciation & Amortization | 54.79M | 54.46M | 58.88M | 59.08M | 62.75M | 62.74M | 62.16M | 63.77M | 60.28M | 56.88M | 58.44M | 57.23M | 52.56M | 51.04M | 56.13M | 52.6M | 49.63M | 50.87M | 45.59M | 38.62M |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.6M | 0 | 0 | 0 | 1.4M | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 3.08M | -9.61M | 13.6M | 3.04M | 3.29M | 40.12M | -4.04M | 9.06M | 1.71M | 1.83M | 29.14M | -2.01M | -3.06M | 10.41M | 21.63M | -11.54M | -16.03M | -2.05M | -33.32M | 5.22M |
| Working Capital Changes | -3.35M | -36.84M | 6.73M | -3.91M | 2.64M | 7.63M | 23.51M | -36.74M | 41.81M | -41.01M | -39.62M | -53.32M | 83.47M | 13.27M | -19.11M | -11.04M | -5.81M | 11.24M | -891K | 82K |
| Change in Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -20.94M | 0 | 0 | 0 | -9.03M | 0 | 0 | 0 | 0 | 0 |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4.67M | 0 | 0 | 0 | -6.27M | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | -16.37M | 40.87M | 21.95M | 145.1M | 18.13M | -20.09M | -116.08M | -305.49M | -115.58M | -80.36M | -60.23M | -8.12M | -51.86M | 16.31M | -211.1M | -181.98M | 69.05M | -211.1M | -48.36M | -316.96M |
| Capital Expenditures | -16.23M | -7.43M | -4.13M | -18.26M | -28M | -20.09M | -126.98M | -305.69M | -122.09M | -90.09M | -63.62M | -65.62M | -111.19M | -23.99M | -228.47M | -179.16M | -8.12M | -228.47M | -146.28M | -411.9M |
| CapEx % of Revenue | 8.09% | 4.26% | 2.42% | 10.42% | 14.85% | 10.84% | 56.45% | 120.97% | 65.22% | 39.73% | 30.36% | 32.29% | 68.43% | 14.02% | 117.63% | 108.36% | 5.29% | 115.5% | 96.2% | 304.11% |
| Acquisitions | 0 | 48.31M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 731K | 0 | 727K | 720K | 736K | 0 | 0 | 719K | 735K | 97.62M | 86.27M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -140K | 0 | 26.09M | 163.36M | 46.13M | 0 | 10.91M | 201K | 5.86M | 9M | 3.39M | 56.77M | 58.61M | 39.57M | 17.38M | -3.55M | 76.44M | 16.64M | -440K | -1.18M |
| Cash from Financing | -86.41M | -98.22M | -223.91M | -89.53M | -106.39M | -19.13M | -15.01M | 202.63M | 9.07M | 20.01M | 26.77M | -106.53M | -81.78M | -100.54M | 112.28M | 51.22M | -80.9M | 112.28M | -145.45M | 118.38M |
| Debt Issued (Net) | -122.09M | -71.66M | -197.2M | -62.65M | -64.56M | 30.02M | 20.88M | 152.43M | 124.11M | 53.77M | 58.67M | -59.66M | -41.08M | -53.98M | 144.08M | 80.38M | -52.63M | 144.08M | 22.05M | 109.58M |
| Equity Issued (Net) | -63.01M | 0 | 0 | 0 | -5.96M | -4.06M | 0 | 0 | -65M | 0 | 0 | -5.34M | -4.83M | 0 | 0 | 0 | 0 | 0 | -144.67M | 3.57M |
| Dividends Paid | -29.71M | -26.56M | -26.56M | -26.55M | -35.83M | -36.17M | -34.75M | -36.46M | -34.3M | -32.98M | -31.7M | -30.43M | -30.43M | -30.43M | -29.16M | -29.16M | -27.89M | -29.16M | -22.82M | -19.02M |
| Share Repurchases | -63.01M | 0 | 0 | 0 | -5.96M | -4.06M | 0 | 0 | -65M | 0 | 0 | -5.34M | -4.83M | 0 | 0 | 0 | 0 | 0 | -144.67M | -2.28M |
| Other Financing | 128.4M | 0 | -150K | -339K | -29K | -8.91M | -1.13M | 86.66M | -15.75M | -784K | -201K | -11.1M | -5.43M | -16.13M | -2.64M | 0 | -374K | -2.64M | 0 | 24.24M |
| Net Change in Cash | -14.46M | -23.27M | -127.4M | 122.41M | -18.13M | 39.39M | -29.26M | -22.25M | 17.91M | 2.66M | 47.46M | -83.44M | 16.27M | -3.17M | 9.68M | -50.85M | 73.34M | 9.68M | -102.31M | -121.44M |
| Free Cash Flow | 72.09M | 26.65M | 70.42M | 48.58M | 42.13M | 58.52M | -25.16M | -225.09M | 2.33M | -27.09M | 17.3M | -34.41M | 38.72M | 57.06M | -119.97M | -99.25M | 77.08M | -119.97M | -54.78M | -334.76M |
| FCF Margin % | 35.91% | 15.27% | 41.26% | 27.72% | 22.35% | 31.58% | -11.18% | -89.07% | 1.25% | -11.94% | 8.25% | -16.93% | 23.83% | 33.34% | -61.77% | -60.02% | 50.28% | -60.65% | -36.02% | -247.15% |
| FCF Growth % | 71.1% | -54.46% | 379.93% | 121.58% | 1706.78% | 316.06% | -245.43% | -554.15% | -93.98% | -147.47% | 114.42% | 65.33% | -49.77% | 147.56% | -119.01% | 70.35% | 66.29% | -317.52% | -171.79% | -631.3% |
| FCF per Share | 0.54 | 0.20 | 0.53 | 0.37 | 0.32 | 0.44 | -0.19 | -1.71 | 0.02 | -0.22 | 0.14 | -0.27 | 0.31 | 0.45 | -0.95 | -0.78 | 0.61 | -0.95 | -0.43 | -2.83 |
| FCF Conversion (FCF/Net Income) | 2.61x | 1.31x | -16.02x | 7.74x | 48.04x | -2.47x | 5.04x | 1.81x | 6.03x | 1.39x | 2.58x | 1.06x | 8.85x | 12.80x | 2.24x | 1.60x | 1.48x | 2.24x | 1.14x | 2.32x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 148.5M | 0 | 0 | 0 | 109.68M | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |