SUBSEA 7 S.A. financials
SUBSEA 7 S.A.
Country: LU Reporting currency: USD Latest annual report: 2024-12-31
LEI:
222100AIF0CBCY80AH62 Financial statements
(USD, as reported — unscaled; 122 line items across 2 annual periods)
| Line item | 2024 | 2023 |
|---|---|---|
| Income statement | ||
| Gross profit | $704.7M | $362.8M |
| Administrative expenses | $297.2M | $266.3M |
| Operating expenses | $6.13B | $5.61B |
| Operating profit (EBIT) | $445.5M | $104.7M |
| Finance costs | $101.2M | $71.2M |
| Profit before tax | $368.2M | $80.0M |
| Income tax expense | $151.6M | $70.0M |
| Profit for the year | $216.6M | $10.0M |
| — attributable to owners | $201.4M | $15.4M |
| — attributable to NCI | $15.2M | -$5.4M |
| Total comprehensive income | $186.7M | $28.2M |
| Per share | ||
| Basic EPS | $0.68 | $0.05 |
| Diluted EPS | $0.67 | $0.05 |
| Cash flow statement | ||
| Cash generated from operations | $931.4M | $660.0M |
| Net cash from investing activities | -$413.6M | -$710.2M |
| Net cash from financing activities | -$680.2M | $151.1M |
| Dividends paid | $163.1M | $112.1M |
| Proceeds from borrowings | $170.0M | $1.06B |
| Repayments of borrowings | $294.8M | $568.1M |
| Net change in cash | -$162.4M | $100.9M |
| Balance sheet | ||
| Total assets | $7.68B | $8.10B |
| Non-current assets | $5.21B | $5.23B |
| Property, plant & equipment | $3.96B | $4.07B |
| Right-of-use assets | $400.3M | $419.4M |
| Intangible assets & goodwill | $183.7M | $192.2M |
| Current assets | $2.47B | $2.86B |
| Inventories | $57.4M | $60.1M |
| Trade & other receivables | $663.8M | $921.8M |
| Cash & equivalents | $575.3M | $750.9M |
| Total equity | $4.29B | $4.36B |
| — attributable to owners | $4.25B | $4.32B |
| Non-controlling interests | $44.6M | $34.1M |
| Non-current liabilities | $951.5M | $1.12B |
| Long-term borrowings | $583.8M | $721.4M |
| Lease liabilities (non-current) | $231.1M | $290.5M |
| Current liabilities | $2.43B | $2.62B |
| Short-term borrowings | $138.2M | $123.5M |
| Lease liabilities (current) | $223.8M | $167.8M |
| Trade & other payables | $1.43B | $1.68B |
| Deferred tax liabilities | $87.3M | $43.2M |
| Derived metrics | ||
| Operating margin | 6.5% | 1.8% |
| Net margin | 3.2% | 0.2% |
| Return on equity | 5.0% | 0.2% |
| Other reported items | ||
| Additional Paidin Capital | $2.55B | $2.58B |
| Adjustments For Decrease Increase In Contract Assets | -$338.7M | $152.4M |
| Adjustments For Decrease Increase In Derivative Financial Assets | -$105.8M | -$11.8M |
| Adjustments For Decrease Increase In Inventories | $900.0K | -$10.0M |
| Adjustments For Decrease Increase In Other Assets | -$6.6M | -$43.8M |
| Adjustments For Decrease Increase In Trade and Other Receivables | $185.9M | -$367.8M |
| Adjustments For Depreciation and Amortisation Expense | $622.5M | $538.0M |
| Adjustments For Finance Costs | $101.2M | $71.2M |
| Adjustments For Finance Income | $24.4M | $25.2M |
| Adjustments For Gain Loss On Disposals Property Plant and Equipment | -$100.0K | -$800.0K |
| Adjustments For Impairment Loss Recognised In Profit Or Loss Goodwill | $6.2M | $0 |
| Adjustments For Increase Decrease In Contract Liabilities | $186.1M | $69.2M |
| Adjustments For Increase Decrease In Other Liabilities | $3.7M | -$16.9M |
| Adjustments For Increase Decrease In Trade and Other Payables | $24.2M | $221.3M |
| Adjustments For Sharebased Payments | $6.2M | $4.9M |
| Adjustments For Undistributed Profits of Investments Accounted For Using Equity Method | $38.0M | $8.2M |
| Cancellation of Treasury Shares | $0 | $0 |
| Cash Advances and Loans Made To Related Parties | $153.3M | $154.6M |
| Cash Flows From Used In Decrease Increase In Restricted Cash and Cash Equivalents | -$2.1M | -$3.0M |
| Cash Flows From Used In Operations Before Changes In Working Capital | $952.9M | $739.1M |
| Comprehensive Income Attributable To Noncontrolling Interests | $14.6M | -$5.2M |
| Comprehensive Income Attributable To Owners of Parent | $172.1M | $33.4M |
| Contingent Liabilities Recognised In Business Combination | $400.0K | $500.0K |
| Current Accrued Income Other Than Current Contract Assets | $214.6M | $244.0M |
| Current Contract Assets | $774.1M | $691.8M |
| Current Contract Liabilities | $392.3M | $424.8M |
| Current Deferred Income Other Than Current Contract Liabilities | $27.1M | $3.9M |
| Current Derivative Financial Assets | $74.1M | $31.4M |
| Current Derivative Financial Liabilities | $35.3M | $35.3M |
| Current Provisions | $63.0M | $100.5M |
| Current Restricted Cash and Cash Equivalents | $9.5M | $7.4M |
| Current Tax Assets | $105.3M | $100.5M |
| Current Tax Liabilities | $125.0M | $76.4M |
| Decrease Increase Through Tax On Sharebased Payment Transactions | -$600.0K | -$100.0K |
| Deferred Tax Assets | $93.6M | $50.9M |
| Dividends Paid To Equity Holders of Parent Classified As Financing Activities | $162.9M | $112.1M |
| Dividends Received From Investments Accounted For Using Equity Method Classified As Investing Activities | $3.4M | $0 |
| Effect of Exchange Rate Changes On Cash and Cash Equivalents | -$11.1M | $7.4M |
| Equity and Liabilities | $7.68B | $8.10B |
| Finance Income | $24.4M | $25.2M |
| Gains Losses On Cash Flow Hedges Before Tax | -$2.5M | -$4.6M |
| Income Tax Relating To Components of Other Comprehensive Income | -$2.0M | $400.0K |
| Income Tax Relating To Components of Other Comprehensive Income That Will Be Reclassified To Profit Or Loss | -$2.2M | $700.0K |
| Income Tax Relating To Remeasurements of Defined Benefit Plans of Other Comprehensive Income | $200.0K | -$300.0K |
| Income Taxes Paid Refund Classified As Operating Activities | $77.0M | $83.5M |
| Increase Decrease In Working Capital | -$55.5M | -$4.4M |
| Increase Decrease Through Acquisition of Subsidiary | — | -$14.2M |
| Increase Decrease Through Sharebased Payment Transactions | $6.2M | $4.9M |
| Increase Decrease Through Transactions With Owners | -$248.8M | -$121.8M |
| Intangible Assets Other Than Goodwill | $87.6M | $58.5M |
| Interest Paid Classified As Financing Activities | $75.6M | $52.1M |
| Interest Received Classified As Investing Activities | $24.4M | $25.2M |
| Investments In Subsidiaries Joint Ventures and Associates | $367.2M | $342.0M |
| Issue of Equity | — | $0 |
| Issued Capital | $599.2M | $608.6M |
| Liabilities | $3.39B | $3.74B |
| Noncurrent Assets Or Disposal Groups Classified As Held For Sale Or As Held For Distribution To Owners | $0 | $57.0M |
| Noncurrent Derivative Financial Assets | $62.9M | $29.5M |
| Noncurrent Derivative Financial Liabilities | $10.7M | $32.6M |
| Noncurrent Loans and Receivables | $49.1M | $67.0M |
| Noncurrent Provisions | $29.1M | $24.6M |
| Noncurrent Recognised Liabilities Defined Benefit Plan | $8.1M | $8.4M |
| Other Comprehensive Income | -$29.9M | $18.2M |
| Other Comprehensive Income Before Tax Exchange Differences On Translation | -$21.9M | $21.7M |
| Other Comprehensive Income Before Tax Gains Losses On Remeasurements of Defined Benefit Plans | $900.0K | -$1.0M |
| Other Gains Losses | -$500.0K | $21.3M |
| Other Noncurrent Financial Assets | $1.1M | $1.1M |
| Other Noncurrent Liabilities | $1.0M | $1.1M |
| Other Reserves | -$17.5M | -$7.3M |
| Payments of Other Equity Instruments | $6.4M | $12.6M |
| Payments To Acquire Or Redeem Entitys Shares | $87.3M | $0 |
| Proceeds From Sales of Property Plant and Equipment Classified As Investing Activities | $59.7M | -$600.0K |
| Purchase of Treasury Shares | $87.3M | — |
| Reserve of Exchange Differences On Translation | -$632.7M | -$607.2M |
| Retained Earnings | $1.82B | $1.78B |
| Revenue From Contracts With Customers | $6.84B | $5.97B |
| Share of Other Comprehensive Income of Associates and Joint Ventures Accounted For Using Equity Method That Will Be Reclassified To Profit Or Loss Before Tax | -$8.4M | $2.5M |
| Share of Profit Loss of Associates and Joint Ventures Accounted For Using Equity Method | $38.0M | $8.2M |
| Treasury Shares | $69.1M | $31.1M |
Methodology
Every line item above is a fact tagged in SUBSEA 7 S.A.'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.