SFL (SFL) Financials

$8.28 -0.03 (-0.35%)

As of 02:50 PM Eastern

Annual Income Statements for SFL

This table shows SFL's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	123	201	146	101	74	89	-224	164	203	84	131
Consolidated Net Income / (Loss)	123	201	146	101	74	89	-224	164	203	84	131
Net Income / (Loss) Continuing Operations	123	201	146	101	74	89	-224	164	203	84	131
Total Pre-Tax Income	89	167	119	77	59	72	-229	164	203	87	141
Total Operating Income	145	166	168	155	118	138	-138	243	275	240	307
Total Gross Profit	327	407	413	381	419	459	471	513	670	752	904
Total Revenue	327	407	413	381	419	459	471	513	670	752	904
Operating Revenue	323	405	413	381	419	459	471	513	670	752	904
Total Cost of Revenue	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Operating Expenses	182	241	245	226	301	321	609	271	395	512	598
Depreciation Expense	67	78	94	88	104	116	111	138	188	214	239
Other Operating Expenses / (Income)	127	128	145	139	138	145	167	170	220	309	364
Impairment Charge	12	42	5.31	0.00	64	60	333	1.93	0.00	7.39	0.00
Other Special Charges / (Income)	-24	-7.36	0.17	-1.12	-5.04	0.00	-2.25	-39	-13	-19	-5.37
Total Other Income / (Expense), net	-56	1.18	-49	-77	-59	-66	-91	-78	-73	-153	-165
Interest Expense	58	38	61	77	98	127	55	91	117	168	184
Interest & Investment Income	18	7.08	14	6.94	2.94	6.88	6.91	4.72	11	16	16
Other Income / (Expense), net	-16	32	-2.09	-7.09	36	55	-42	7.68	34	-1.19	2.52
Income Tax Expense	-	-	-	-	-	-	-	0.00	0.00	3.32	11
Basic Earnings per Share	$1.32	$2.15	$1.57	$1.06	$0.70	$0.83	($2.06)	$1.35	$1.60	$0.67	$1.01
Weighted Average Basic Shares Outstanding	93.33M	93.45M	93.50M	95.60M	105.90M	107.61M	108.97M	122.14M	126.79M	126.25M	129.39M
Diluted Earnings per Share	$1.24	$1.88	$1.50	$1.03	$0.69	$0.83	($2.06)	$1.30	$1.53	$0.66	$1.01
Weighted Average Diluted Shares Outstanding	116.75M	119.01M	108.04M	102.90M	107.61M	107.70M	108.97M	139.38M	137.38M	126.58M	130M
Weighted Average Basic & Diluted Shares Outstanding	93.40M	93.47M	101.50M	110.93M	119.37M	119.39M	127.81M	138.55M	138.56M	137.47M	145.71M
Cash Dividends to Common per Share	$1.63	$1.74	$1.80	$1.60	$1.40	$1.40	$1.00	$0.63	$0.88	$0.97	$1.07

No quarterly income statements for SFL are available.

This table details how cash moves in and out of SFL's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	-7.82	19	-7.79	91	59	-9.38	21	-70	34	-23	-31
Net Cash From Operating Activities	132	258	230	178	201	250	276	294	355	343	370
Net Cash From Continuing Operating Activities	132	258	230	178	201	250	276	294	355	343	370
Net Income / (Loss) Continuing Operations	123	201	146	101	74	89	-224	164	203	84	131
Consolidated Net Income / (Loss)	123	201	146	101	74	89	-224	164	203	84	131
Depreciation Expense	67	78	94	88	104	116	111	138	188	214	239
Amortization Expense	9.37	9.71	9.65	7.76	11	13	16	13	10	6.30	6.52
Non-Cash Adjustments To Reconcile Net Income	-52	-54	-13	-14	21	22	338	-4.59	-16	4.24	1.24
Changes in Operating Assets and Liabilities, net	-15	23	-7.16	-5.11	-8.77	8.57	36	-18	-30	35	-7.73
Net Cash From Investing Activities	-22	-206	39	48	-867	-170	176	-389	-499	-104	-618
Net Cash From Continuing Investing Activities	-22	-206	39	48	-867	-170	176	-389	-499	-104	-618
Purchase of Property, Plant & Equipment	-	-	-	0.00	0.00	-211	-65	-582	-602	-264	-645
Purchase of Investments	81	-21	-25	-4.02	42	-18	-2.26	-0.95	0.00	-0.28	-0.30
Sale of Property, Plant & Equipment	0.00	72	-	-	-	-	-	184	83	156	23
Sale and/or Maturity of Investments	50	-62	194	27	0.00	83	24	9.61	15	0.00	0.00
Other Investing Activities, net	-153	-306	-129	25	-992	-23	205	0.03	5.09	4.60	4.91
Net Cash From Financing Activities	-118	-33	-277	-135	725	-89	-431	25	178	-262	217
Net Cash From Continuing Financing Activities	-118	-33	-277	-135	725	-89	-431	25	178	-262	217
Repayment of Debt	-624	-443	-334	-187	-787	-213	-629	-358	-670	-847	-990
Repurchase of Preferred Equity	-75	-24	-297	-68	-97	-81	-67	-215	0.00	-206	-133
Repurchase of Common Equity	-	-	-	-	-	-	-	0.00	0.00	-10	0.00
Payment of Dividends	-152	-163	-168	-153	-149	-151	-109	-78	-112	-123	-138
Issuance of Debt	734	595	522	302	1,770	460	397	587	960	945	1,398
Issuance of Common Equity	0.93	0.68	0.32	0.09	0.00	0.00	61	89	0.00	0.00	96
Other Financing Activities, net	-1.20	0.00	0.00	-29	-12	-105	-85	0.00	0.00	-20	-17
Cash Interest Paid	83	68	65	88	105	72	131	97	110	149	161
Cash Income Taxes Paid	-	-	-	-	-	-	-	-	0.00	1.99	8.29

No quarterly cash flow statements for SFL are available.

This table presents SFL's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	3,042	3,033	2,937	3,012	3,878	3,885	3,093	3,459	3,861	3,731	4,108
Total Current Assets	340	376	278	318	414	390	356	250	297	298	316
Cash & Equivalents	51	70	62	153	211	200	215	146	188	165	135
Short-Term Investments	74	200	118	94	87	130	84	45	23	26	39
Accounts Receivable	166	58	32	31	58	47	36	35	50	45	42
Inventories, net	6.93	5.06	5.08	5.13	8.55	7.93	8.81	10	16	12	17
Prepaid Expenses	5.08	5.79	3.61	2.29	2.59	1.64	2.60	6.40	17	16	17
Other Current Assets	-	0.00	24	0.11	5.28	0.52	-	0.00	1.94	34	66
Plant, Property, & Equipment, net	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Assets	2,701	2,657	2,659	2,694	3,464	3,495	2,737	3,209	3,564	3,433	3,792
Long-Term Investments	408	500	349	337	335	42	27	17	17	16	16
Noncurrent Note & Lease Receivables	788	474	533	586	1,528	1,980	1,443	882	763	654	45
Other Noncurrent Operating Assets	1,468	1,682	1,777	1,771	1,601	1,472	1,266	2,310	2,784	2,763	3,730
Total Liabilities & Shareholders' Equity	3,042	3,033	2,937	3,012	3,878	3,885	3,093	3,459	3,861	3,731	4,108
Total Liabilities	1,888	1,791	1,803	1,817	2,698	2,779	2,298	2,477	2,770	2,692	2,979
Total Current Liabilities	214	239	239	344	404	366	577	400	1,057	969	828
Short-Term Debt	182	208	175	323	335	253	485	303	921	433	689
Accounts Payable	3.54	1.25	2.08	1.34	3.29	7.43	3.97	3.07	7.89	30	34
Accrued Expenses	18	13	14	13	13	17	21	20	27	39	51
Other Current Liabilities	9.61	17	48	6.20	53	88	67	75	100	467	53
Total Noncurrent Liabilities	1,674	1,552	1,564	1,473	2,294	2,413	1,721	2,077	1,713	1,723	2,151
Long-Term Debt	1,550	1,426	1,378	1,190	1,170	1,355	1,164	1,586	1,280	1,714	2,150
Other Noncurrent Operating Liabilities	124	126	186	53	19	1,058	33	490	434	8.97	1.07
Total Equity & Noncontrolling Interests	1,153	1,242	1,134	1,195	1,180	1,106	796	982	1,091	1,039	1,128
Total Preferred & Common Equity	1,153	1,242	1,134	1,195	1,180	1,106	796	982	1,091	1,039	1,128
Total Common Equity	1,153	1,242	1,134	1,195	1,180	1,106	796	982	1,091	1,039	1,128
Common Stock	379	379	284	405	470	471	533	622	618	620	718
Retained Earnings	239	278	256	204	30	0.00	-257	-93	40	0.96	0.00
Treasury Stock	-	-	-	-	-	-	-	-	0.00	-10	-10
Accumulated Other Comprehensive Income / (Loss)	-51	-3.16	-86	-94	-0.22	-13	-19	-9.19	8.71	4.50	3.21
Other Equity Adjustments	586	588	681	681	681	649	539	462	425	425	418

No quarterly balance sheets for SFL are available.

This table displays calculated financial ratios and metrics derived from SFL's official financial filings.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	20.91%	24.20%	1.53%	-7.77%	9.93%	9.59%	2.66%	8.99%	30.58%	12.22%	20.22%
EBITDA Growth	9.91%	38.79%	-5.43%	-9.82%	10.62%	19.76%	-116.52%	855.03%	26.17%	-9.48%	20.81%
EBIT Growth	8.00%	53.33%	-16.02%	-11.13%	4.23%	25.33%	-193.52%	239.00%	23.41%	-22.70%	29.39%
NOPAT Growth	23.67%	14.40%	1.23%	-8.01%	-23.94%	17.14%	-170.20%	351.07%	13.44%	-16.13%	22.77%
Net Income Growth	37.68%	63.52%	-27.10%	-30.87%	-27.26%	21.13%	-351.66%	173.23%	23.38%	-58.60%	55.66%
EPS Growth	25.25%	51.61%	-20.21%	-31.33%	-33.01%	20.29%	-348.19%	163.11%	17.69%	-56.86%	53.03%
Operating Cash Flow Growth	-5.51%	95.17%	-10.96%	-22.72%	13.04%	24.25%	10.72%	6.19%	20.96%	-3.39%	7.80%
Free Cash Flow Firm Growth	-95.53%	4,899.64%	-68.81%	-136.44%	-1,495.49%	239.66%	-140.99%	156.20%	-160.54%	338.66%	-262.64%
Invested Capital Growth	6.32%	-9.08%	2.41%	9.15%	33.98%	-25.85%	12.57%	0.88%	15.38%	-2.81%	26.85%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	62.80%	70.18%	65.37%	63.92%	64.31%	70.28%	-11.31%	78.35%	75.70%	61.06%	61.36%
Operating Margin	44.32%	40.82%	40.70%	40.60%	28.09%	30.03%	-29.33%	47.30%	41.09%	31.93%	33.91%
EBIT Margin	39.36%	48.60%	40.20%	38.73%	36.73%	42.00%	-38.26%	48.80%	46.12%	31.77%	34.19%
Profit (Net Income) Margin	37.50%	49.38%	35.45%	26.57%	17.58%	19.43%	-47.64%	32.01%	30.25%	11.16%	14.45%
Tax Burden Percent	137.50%	120.10%	123.40%	130.69%	124.81%	123.65%	98.13%	100.00%	100.00%	96.19%	92.48%
Interest Burden Percent	69.28%	84.60%	71.47%	52.49%	38.36%	37.42%	126.90%	65.60%	65.58%	36.51%	45.69%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.81%	7.52%
Return on Invested Capital (ROIC)	6.46%	7.51%	7.89%	6.86%	4.27%	5.02%	-3.89%	9.18%	9.63%	7.65%	8.40%
ROIC Less NNEP Spread (ROIC-NNEP)	4.38%	10.94%	5.59%	1.96%	1.46%	1.99%	-12.21%	4.71%	5.64%	0.13%	1.73%
Return on Net Nonoperating Assets (RNNOA)	4.02%	9.26%	4.44%	1.84%	1.93%	2.78%	-19.71%	9.30%	9.93%	0.23%	3.66%
Return on Equity (ROE)	10.47%	16.77%	12.32%	8.69%	6.20%	7.80%	-23.60%	18.49%	19.56%	7.88%	12.05%
Cash Return on Invested Capital (CROIC)	0.33%	17.02%	5.51%	-1.90%	-24.78%	34.70%	-15.72%	8.30%	-4.65%	10.50%	-15.27%
Operating Return on Assets (OROA)	4.24%	6.51%	5.56%	4.96%	4.46%	4.97%	-5.17%	7.65%	8.45%	6.30%	7.89%
Return on Assets (ROA)	4.04%	6.61%	4.90%	3.40%	2.14%	2.30%	-6.43%	5.02%	5.54%	2.21%	3.33%
Return on Common Equity (ROCE)	10.47%	16.77%	12.32%	8.69%	6.20%	7.80%	-23.60%	18.49%	19.56%	7.88%	12.05%
Return on Equity Simple (ROE_SIMPLE)	10.65%	16.17%	12.91%	8.47%	6.24%	8.06%	-28.21%	16.73%	18.58%	8.08%	11.58%
Net Operating Profit after Tax (NOPAT)	145	166	168	155	118	138	-97	243	275	231	284
NOPAT Margin	44.32%	40.82%	40.70%	40.60%	28.09%	30.03%	-20.53%	47.30%	41.09%	30.71%	31.36%
Net Nonoperating Expense Percent (NNEP)	2.08%	-3.43%	2.30%	4.90%	2.81%	3.03%	8.32%	4.47%	3.99%	7.52%	6.67%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	8.37%	7.25%	7.15%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	55.68%	59.18%	59.30%	59.40%	71.91%	69.97%	129.33%	52.70%	58.91%	68.07%	66.09%
Earnings before Interest and Taxes (EBIT)	129	198	166	148	154	193	-180	251	309	239	309
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	206	285	270	243	269	322	-53	402	507	459	555
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	0.00	0.70	0.85	0.94	1.33	1.21
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.70	0.85	0.94	1.33	1.21
Price to Revenue (P/Rev)	0.00	0.00	0.00	0.00	0.00	0.00	1.18	1.63	1.53	1.84	1.50
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	5.08	5.07	16.47	10.41
Dividend Yield	29.85%	24.41%	24.98%	19.01%	22.13%	14.42%	21.42%	9.65%	11.87%	9.72%	10.81%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	19.69%	19.73%	6.07%	9.60%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.00	0.91	0.94	0.98	1.12	1.06
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	0.00	0.00	0.00	5.08	4.89	4.48	4.42	4.43
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	6.24	5.91	7.23	7.23
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	10.01	9.71	13.90	12.97
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	10.33	10.89	14.38	14.14
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	8.66	8.54	8.45	9.68	10.84
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	11.42	0.00	10.47	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.50	1.32	1.37	1.46	2.21	1.45	2.73	1.92	2.02	2.07	2.52
Long-Term Debt to Equity	1.34	1.15	1.22	1.19	1.93	1.22	2.12	1.62	1.17	1.65	1.91
Financial Leverage	0.92	0.85	0.79	0.94	1.32	1.40	1.61	1.97	1.76	1.84	2.12
Leverage Ratio	2.60	2.54	2.51	2.55	2.90	3.40	3.67	3.69	3.53	3.56	3.62
Compound Leverage Factor	1.80	2.15	1.80	1.34	1.11	1.27	4.66	2.42	2.32	1.30	1.65
Debt to Total Capital	60.03%	56.82%	57.79%	59.33%	68.86%	59.24%	73.20%	65.79%	66.85%	67.38%	71.56%
Short-Term Debt to Total Capital	6.32%	7.23%	6.51%	10.99%	8.84%	9.32%	16.33%	10.54%	27.98%	13.59%	17.37%
Long-Term Debt to Total Capital	53.71%	49.59%	51.28%	48.35%	60.02%	49.92%	56.87%	55.25%	38.87%	53.79%	54.20%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	39.97%	43.18%	42.21%	40.67%	31.14%	40.76%	26.80%	34.21%	33.15%	32.62%	28.44%
Debt to EBITDA	8.42	5.73	5.75	7.16	9.69	4.99	-40.80	4.70	4.34	4.67	5.12
Net Debt to EBITDA	5.83	3.03	3.79	4.76	7.33	3.82	-34.49	4.16	3.89	4.22	4.77
Long-Term Debt to EBITDA	7.54	5.00	5.10	5.84	8.45	4.20	-31.69	3.94	2.52	3.73	3.88
Debt to NOPAT	11.94	9.84	9.24	11.28	22.18	11.67	-22.47	7.78	7.99	9.29	10.01
Net Debt to NOPAT	8.27	5.21	6.08	7.50	16.79	8.95	-19.00	6.89	7.16	8.39	9.34
Long-Term Debt to NOPAT	10.68	8.59	8.20	9.19	19.34	9.83	-17.46	6.53	4.65	7.42	7.58
Altman Z-Score	0.00	0.00	0.00	0.00	0.00	0.00	-0.10	0.50	0.44	0.51	0.59
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.59	1.57	1.17	0.92	1.02	1.07	0.62	0.63	0.28	0.31	0.38
Quick Ratio	1.54	1.53	1.03	0.90	0.98	1.03	0.58	0.56	0.25	0.24	0.26
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	7.53	376	117	-43	-682	953	-391	220	-133	317	-516
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	0.00%	118.31%	425.15%	73.82%	68.40%	317.04%	59.45%
Free Cash Flow to Firm to Interest Expense	0.13	10.03	1.92	-0.56	-6.98	7.48	-7.05	2.42	-1.13	1.89	-2.80
Operating Cash Flow to Interest Expense	2.30	6.89	3.77	2.31	2.06	1.96	4.99	3.23	3.03	2.05	2.01
Operating Cash Flow Less CapEx to Interest Expense	2.30	8.80	3.77	2.31	2.06	0.30	3.82	-1.15	-1.40	1.40	-1.37
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.11	0.13	0.14	0.13	0.12	0.12	0.14	0.16	0.18	0.20	0.23
Accounts Receivable Turnover	2.45	3.63	9.12	11.97	9.41	8.75	11.28	14.35	15.67	15.81	20.85
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	148.87	100.68	40.04	30.50	38.80	41.72	32.36	25.43	23.30	23.09	17.50
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	148.87	100.68	40.04	30.50	38.80	41.72	32.36	25.43	23.30	23.09	17.50
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,316	2,106	2,157	2,354	3,154	2,339	2,633	2,656	3,065	2,978	3,778
Invested Capital Turnover	0.15	0.18	0.19	0.17	0.15	0.17	0.19	0.19	0.23	0.25	0.27
Increase / (Decrease) in Invested Capital	138	-210	51	197	800	-815	294	23	408	-86	800
Enterprise Value (EV)	0.00	0.00	0.00	0.00	0.00	0.00	2,395	2,508	3,001	3,322	4,010
Market Capitalization	0.00	0.00	0.00	0.00	0.00	0.00	557	834	1,028	1,383	1,360
Book Value per Share	$12.36	$13.29	$12.13	$12.50	$11.14	$10.28	$6.66	$7.69	$7.88	$7.50	$8.21
Tangible Book Value per Share	$12.36	$13.29	$12.13	$12.50	$11.14	$10.28	$6.66	$7.69	$7.88	$7.50	$8.21
Total Capital	2,886	2,876	2,687	2,939	3,789	2,714	2,969	2,872	3,292	3,186	3,968
Total Debt	1,732	1,634	1,553	1,744	2,609	1,608	2,173	1,889	2,201	2,147	2,839
Total Long-Term Debt	1,550	1,426	1,378	1,421	2,274	1,355	1,688	1,586	1,280	1,714	2,150
Net Debt	1,200	864	1,023	1,159	1,974	1,233	1,837	1,674	1,973	1,939	2,650
Capital Expenditures (CapEx)	0.00	-72	0.00	0.00	0.00	211	65	398	519	108	622
Debt-free, Cash-free Net Working Capital (DFCFNWC)	184	75	33	50	45	-56	-44	-46	-49	-429	3.78
Debt-free Net Working Capital (DFNWC)	309	345	214	297	344	278	265	153	162	-238	177
Net Working Capital (NWC)	126	137	39	-26	9.45	25	-220	-150	-760	-671	-512
Net Nonoperating Expense (NNE)	22	-35	22	53	44	49	128	78	73	147	153
Net Nonoperating Obligations (NNO)	1,163	864	1,023	1,159	1,974	1,233	1,837	1,674	1,973	1,939	2,650
Total Depreciation and Amortization (D&A)	77	88	104	96	116	130	127	152	198	220	246
Debt-free, Cash-free Net Working Capital to Revenue	56.31%	18.49%	8.11%	13.11%	10.71%	-12.11%	-9.29%	-8.94%	-7.37%	-57.09%	0.42%
Debt-free Net Working Capital to Revenue	94.32%	84.82%	51.91%	77.93%	82.25%	60.52%	56.23%	29.76%	24.11%	-31.67%	19.59%
Net Working Capital to Revenue	38.62%	33.67%	9.55%	-6.84%	2.26%	5.37%	-46.72%	-29.22%	-113.31%	-89.21%	-56.59%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.32	$2.15	$1.57	$1.06	$0.70	$0.83	($2.06)	$1.35	$1.60	$0.67	$1.01
Adjusted Weighted Average Basic Shares Outstanding	93.33M	93.45M	93.50M	95.60M	105.90M	107.61M	108.97M	122.14M	126.79M	126.25M	129.39M
Adjusted Diluted Earnings per Share	$1.24	$1.88	$1.50	$1.03	$0.69	$0.83	($2.06)	$1.30	$1.53	$0.66	$1.01
Adjusted Weighted Average Diluted Shares Outstanding	116.75M	119.01M	108.04M	102.90M	107.61M	107.70M	108.97M	139.38M	137.38M	126.58M	130M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	93.40M	93.47M	101.50M	110.93M	119.37M	119.39M	127.81M	138.55M	138.56M	137.47M	145.71M
Normalized Net Operating Profit after Tax (NOPAT)	93	141	121	107	124	138	135	144	184	220	279
Normalized NOPAT Margin	28.43%	34.61%	29.42%	28.21%	29.58%	30.18%	28.64%	28.00%	27.38%	29.27%	30.81%
Pre Tax Income Margin	27.27%	41.11%	28.73%	20.33%	14.09%	15.72%	-48.55%	32.01%	30.25%	11.60%	15.62%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.24	5.27	2.72	1.92	1.57	1.51	-3.25	2.76	2.63	1.43	1.68
NOPAT to Interest Expense	2.52	4.43	2.75	2.01	1.20	1.08	-1.75	2.67	2.35	1.38	1.54
EBIT Less CapEx to Interest Expense	2.24	7.18	2.72	1.92	1.57	-0.14	-4.43	-1.62	-1.79	0.78	-1.70
NOPAT Less CapEx to Interest Expense	2.52	6.34	2.75	2.01	1.20	-0.57	-2.92	-1.70	-2.08	0.73	-1.84
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	123.88%	80.96%	114.95%	151.08%	202.74%	168.94%	-48.74%	47.19%	55.03%	146.53%	106.00%
Augmented Payout Ratio	123.88%	80.96%	114.95%	151.08%	202.74%	168.94%	-48.74%	47.19%	55.03%	158.65%	106.00%

No quarterly metrics and ratios for SFL are available.

Frequently Asked Questions About SFL's Financials

When does SFL's financial year end?

According to the most recent income statement we have on file, SFL's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has SFL's net income changed over the last 10 years?

SFL's net income appears to be on a downward trend, with a most recent value of $130.65 million in 2024, rising from $122.82 million in 2014. The previous period was $83.94 million in 2023. Find out what analysts predict for SFL in the coming months.

What is SFL's operating income?

SFL's total operating income in 2024 was $306.72 million, based on the following breakdown:

Total Gross Profit: $904.40 million
Total Operating Expenses: $597.69 million

How has SFL revenue changed over the last 10 years?

Over the last 10 years, SFL's total revenue changed from $327.49 million in 2014 to $904.40 million in 2024, a change of 176.2%.

How much debt does SFL have?

SFL's total liabilities were at $2.98 billion at the end of 2024, a 10.7% increase from 2023, and a 57.8% increase since 2014.

How much cash does SFL have?

In the past 10 years, SFL's cash and equivalents has ranged from $50.82 million in 2014 to $215.45 million in 2020, and is currently $134.55 million as of their latest financial filing in 2024.

How has SFL's book value per share changed over the last 10 years?

Over the last 10 years, SFL's book value per share changed from 12.36 in 2014 to 8.21 in 2024, a change of -33.6%.

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This page (NYSE:SFL) was last updated on 5/6/2025 by MarketBeat.com Staff

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SFL (SFL) Financials

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SFL (SFL) Financials

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