SIEM OFFSHORE INC. financials

SIEM OFFSHORE INC.

Country: NO Reporting currency: USD Latest annual report: 2023-12-31
LEI: 549300NYGU1CE7UICM69
Source filing ↗
Financial statements (USD, as reported — unscaled; 76 line items across 2 annual periods)
Line item 20232022
Income statement
Revenue $336.0M$274.3M
Cost of sales $171.5M$170.5M
Gross profit $164.5M$103.8M
Depreciation & amortisation $68.0M$64.3M
Operating profit (EBIT) $163.3M$39.4M
Finance costs $29.7M$24.4M
Profit before tax $154.1M$27.5M
Income tax expense -$19.0M-$250.0K
Profit for the year $173.1M$27.7M
— attributable to owners $174.5M$30.9M
— attributable to NCI -$1.4M-$3.2M
Total comprehensive income $169.8M$19.1M
Cash flow statement
Cash generated from operations $157.4M$99.8M
Net cash from operating activities $137.6M$84.2M
Net cash from investing activities -$24.9M-$24.1M
Purchase of PP&E (capex) $33.5M$24.9M
Net cash from financing activities -$110.9M-$55.1M
Repayments of borrowings $112.1M$55.0M
Lease liability payments $1.8M$1.8M
Net change in cash $1.8M$5.0M
Balance sheet
Total assets $1.09B$1.02B
Non-current assets $919.8M$867.9M
Inventories $5.3M$5.3M
Trade & other receivables $41.6M$33.4M
Cash & equivalents $97.3M$94.9M
Total equity $529.2M$359.4M
— attributable to owners $534.3M$363.1M
Non-controlling interests -$5.1M-$3.7M
Non-current liabilities $282.4M$544.8M
Long-term borrowings $249.9M$510.0M
Current liabilities $275.4M$115.3M
Trade & other payables $17.0M$11.2M
Deferred tax liabilities $92.0K$249.0K
Derived metrics
Free cash flow $104.1M$59.2M
Operating margin 48.6%14.4%
Net margin 51.5%10.1%
Return on equity 32.7%7.7%
Cash conversion ratio 0.79×3.04×
Capex coverage 4.11×3.38×
Other reported items
Adjustments For Depreciation and Amortisation Expense $68.0M$64.3M
Adjustments For Finance Costs $34.2M$23.4M
Adjustments For Income Tax Expense -$19.0M-$250.0K
Adjustments For Losses Gains On Disposal of Noncurrent Assets $178.0K$95.0K
Adjustments For Undistributed Profits of Associates $550.0K$446.0K
Adjustments For Unrealised Foreign Exchange Losses Gains -$12.5M-$13.8M
Comprehensive Income Attributable To Noncontrolling Interests -$1.4M-$3.2M
Comprehensive Income Attributable To Owners of Parent $171.2M$22.2M
Current Assets Other Than Assets Or Disposal Groups Classified As Held For Sale Or As Held For Distribution To Owners $167.2M$151.6M
Current Tax Liabilities Current $2.2M$635.0K
Deferred Tax Assets $27.6M$8.2M
Dividends Received Classified As Investing Activities $2.6M$0
Effect of Exchange Rate Changes On Cash and Cash Equivalents $571.0K-$1.9M
Equity and Liabilities $1.09B$1.02B
Finance Income $11.1M$4.3M
Gains Losses On Cash Flow Hedges Net of Tax $5.3M$11.8M
Gains Losses On Exchange Differences On Translation Net of Tax -$7.9M-$20.0M
Impairment Loss Impairment Gain and Reversal of Impairment Loss Determined In Accordance With IFRS9 -$67.0M$0
Income Taxes Paid Refund Classified As Operating Activities -$579.0K$786.0K
Interest Paid Classified As Operating Activities $28.8M$17.4M
Interest Received Classified As Operating Activities $8.4M$2.6M
Liabilities $557.8M$660.1M
Noncurrent Receivables $31.3M$29.6M
Noncurrent Recognised Liabilities Defined Benefit Plan $1.3M$989.0K
Other Comprehensive Income Net of Tax Cash Flow Hedges $5.3M$11.8M
Other Comprehensive Income Net of Tax Gains Losses On Remeasurements of Defined Benefit Plans -$739.0K-$446.0K
Other Current Liabilities $24.6M$26.4M
Other Current Receivables $22.9M$17.9M
Other Gains Losses -$178.0K-$95.0K
Other Inflows Outflows of Cash Classified As Financing Activities $0-$126.0K
Other Inflows Outflows of Cash Classified As Investing Activities $6.0M$763.0K
Other Noncurrent Financial Assets $13.8M$20.6M
Other Shortterm Provisions $19.0M$18.1M
Proceeds From Changes In Ownership Interests In Subsidiaries $3.1M$1.8M
Proceeds From Sales of Property Plant and Equipment Classified As Investing Activities $16.0K$97.0K
Retained Earnings $295.4M$124.2M
Share of Profit Loss of Associates and Joint Ventures Accounted For Using Equity Method $550.0K$446.0K
Methodology

Every line item above is a fact tagged in SIEM OFFSHORE INC.'s annual report filed in the European Single Electronic Format (ESEF) under the IFRS taxonomy (ifrs-full) — the income statement, balance sheet and cash-flow statement as the filer reported them. Values are shown as-is, in the reporting currency (USD), without rescaling; the row labels map to the underlying concept name (e.g. Revenue → ifrs-full:Revenue, Operating profit → ifrs-full:ProfitLossFromOperatingActivities, Diluted EPS → ifrs-full:DilutedEarningsLossPerShare), and any concept without a curated label is shown under “Other reported items” with its de-camel-cased tag name. Only consolidated, default-member facts are shown (segment / dimensional breakdowns are excluded).

“Derived metrics” (free cash flow, margins, ROE, …) are computed from those facts by the same model the U.S. financials pages use — not tagged by the filer.

Source: machine-readable OIM xBRL-JSON aggregated by filings.xbrl.org (XBRL International). Entity identity is resolved by LEI via the public-domain GLEIF register. This is reference data, not investment advice.