7Baggers
Quarterly
Annual
    Unit: USD2024-03-31 2022-06-30 2022-03-31 2021-09-30 2021-06-30 2021-03-31 
      
    		      
      cash flows from operating activities
    		      
      net income /
    		14,400,000      
      adjustments to reconcile net income / (loss) to net cash from / (used in) operating activities:
    		      
      non-cash compensation expense related to stock based employee and directors' compensation
    		1,800,000      
      depreciation of non-current assets
    		31,800,000 0 29,500,000 28,400,000 26,400,000 28,400,000 
      amortization of deferred mobilization and contract preparation costs
    		14,700,000      
      amortization of deferred mobilization, demobilization and other revenue
    		-26,200,000      
      gain on disposal of assets
    		-200,000   -3,600,000 -800,000  
      amortization of debt discount
    		1,700,000      
      amortization of debt premium
    		-100,000      
      amortization of deferred finance charges
    		2,700,000 0 1,600,000 1,500,000 1,900,000 1,100,000 
      effective interest rate adjustments
    		 -300,000 3,100,000 400,000 700,000 1,000,000 
      income from equity method investments
    		-5,400,000  -1,100,000 -3,800,000   
      deferred income tax
    		-3,100,000 1,200,000 -100,000 100,000 -500,000 -300,000 
      change in assets and liabilities:
    		      
      amounts due to/from related parties
    		-3,200,000 3,700,000 -11,100,000 -10,900,000 100,000 4,600,000 
      accrued expenses
    		-9,300,000 -36,000,000 60,800,000 13,700,000 -900,000 1,200,000 
      accrued interest
    		35,100,000      
      other current and non-current assets
    		-45,800,000 -4,900,000 -23,600,000 7,600,000 -6,500,000 7,100,000 
      other current and non-current liabilities
    		15,000,000 -10,300,000 21,300,000 -9,400,000 7,000,000 -6,300,000 
      net cash from / (used in) operating activities
    		23,900,000      
      cash flows from investing activities
    		      
      purchase of property, plant and equipment
    		-200,000      
      additions to newbuildings
    		-3,300,000      
      additions to jack-up drilling rigs
    		-15,200,000      
      net cash from investing activities
    		-18,700,000    -5,700,000  
      cash flows from financing activities
    		      
      repayment of debt
    		-10,600,000      
      cash dividends paid
    		-23,800,000      
      debt proceeds, gross of premium / (net of discount) and issuance costs
    		208,300,000      
      proceeds from exercise of share options
    		1,300,000      
      net cash from financing activities
    		175,200,000 -30,500,000 34,100,000   44,800,000 
      net increase in cash, cash equivalents and restricted cash
    		180,400,000  12,300,000 36,500,000 -16,600,000 29,800,000 
      cash, cash equivalents and restricted cash at the beginning of the period
    		102,600,000 12,300,000 46,000,000 32,400,000 49,000,000 19,200,000 
      cash, cash equivalents and restricted cash at the end of the period
    		283,000,000 -20,500,000 58,300,000    
      supplementary disclosure of cash flow information
    		      
      interest paid
    		-6,300,000      
      income taxes paid
    		-12,800,000 -3,400,000 -1,600,000   -800,000 
      adjustments to reconcile net income / (loss) to net cash provided by/(used in) operating activities:
    		      
      non-cash compensation expense related to stock based and directors' compensation
    		      
      impairment of non-current assets
    		      
      gain on disposal of assets and other non-operating income
    		      
      bank commitment, guarantee and other fees
    		      
      change in assets and liabilities
    		      
      net cash (used in) / provided by operating activities
    		      
      proceeds from sale of fixed assets
    		    800,000 1,400,000 
      repayment from / (funding provided to) equity method investments
    		      
      proceeds from disposal of equity method investments
    		      
      net cash (used in) / provided by investing activities
    		      
      proceeds from share issuance, net of issuance costs
    		      
      proceeds from debt, net of discount and issuance costs
    		      
      purchase of treasury shares
    		      
      net (decrease) / increase in cash, cash equivalents and restricted cash
    		      
      cash, cash equivalents and restricted cash at beginning of the year
    		      
      cash, cash equivalents and restricted cash at end of the year
    		      
      net income
    		 -114,000,000 -51,300,000 -32,600,000 -59,900,000 -54,400,000 
      adjustments to reconcile net income to net cash from operating activities:
    		      
      non-cash compensation expense related to stock options
    		 -100,000 300,000 200,000 200,000 700,000 
      loss/(income) from equity method investments
    		    5,700,000  
      long-term accrued interest
    		 41,000,000 -44,100,000 1,400,000 15,700,000 16,100,000 
      net cash from operating activities
    		 6,200,000 -14,700,000 -7,000,000 -10,900,000 -16,700,000 
      capex
    		 0 0 0 0 0 
      free cash flows
    		 6,200,000 -14,700,000 -7,000,000 -10,900,000 -16,700,000 
      purchase of plant and equipment
    		      
      investments in equity method investments
    		   38,700,000 -1,600,000 3,100,000 
      additions to jack-up rigs
    		 -8,800,000 -7,100,000 -5,800,000 -4,900,000 -2,800,000 
      proceeds from share issuance, net of issuance cost
    		 -30,500,000 34,100,000   44,800,000 
      net (decrease)/increase in cash, cash equivalents and restricted cash
    		      
      interest paid, net of capitalized interest
    		 -7,900,000 -7,100,000 -11,200,000 -13,700,000 -9,500,000 
      net cash (used in)/from investing activities
    		  -7,100,000    
      amortization of acquired contract backlog
    		      
      unrealized loss on financial instruments
    		      
      (income)/income from equity method investments
    		      
      non-cash loan fees related to settled debt
    		      
      long term accrued interest
    		      
      purchase of financial instruments and marketable debt securities
    		      
      repayment of/(funding provided by) shareholder loan
    		      
      proceeds from sale of financial instruments and marketable debt securities
    		      
      net cash provided by/(used in) investing activities
    		      
      proceeds from share issuance, net of issuance costs and conversion of shareholders' loans
    		      
      repayment of long-term debt
    		      
      proceeds, net of deferred loan costs, from issuance of long-term debt
    		      
      proceeds, net of deferred loan costs, from issuance of short-term debt
    		      
      net increase in cash and cash equivalents and restricted cash
    		      
      cash and cash equivalents and restricted cash at beginning of the period
    		      
      cash and cash equivalents and restricted cash at end of the period
    		      
      income taxes refunded (paid)
    		   2,000,000 1,600,000  
      issuance of long-term debt as non-cash settlement for deferred amendments
    		      
      issuance of long-term debt as non-cash settlement for newbuild delivery installment
    		      
      non-cash offset in respect of jack-up drilling rigs
    		      
      change in fair value of financial instruments
    		      
      purchase of marketable securities
    		      
      disposal of equity method investments
    		   10,600,000   
      proceeds from sale of marketable securities
    		      
      net cash from/(used in) investing activities
    		   43,500,000   
      proceeds, net of deferred loan cost, from issuance of long-term debt
    		      
      cash and cash equivalents at the end of period
    		   68,900,000 32,400,000  
      loss / (gain) on disposal of assets
    		     100,000 
      (income) / income from equity method investments
    		     -16,000,000 
      net cash provided by/(used) in investing activities
    		     1,700,000 
      cash, cash equivalents and restricted cash at the end of period
    		     49,000,000 
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.