SFL (SFL) Financials

$12.55 +0.13 (+1.07%)

Closing price 03:59 PM Eastern

Extended Trading

$12.32 -0.23 (-1.82%)

As of 05:41 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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	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	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	201	146	101	74	89	-224	164	203	84	131	-26
Consolidated Net Income / (Loss)	201	146	101	74	89	-224	164	203	84	131	-26
Net Income / (Loss) Continuing Operations	201	146	101	74	89	-224	164	203	84	131	-26
Total Pre-Tax Income	167	119	77	59	72	-229	164	203	87	141	-25
Total Operating Income	166	168	155	118	138	-138	243	275	240	307	137
Total Gross Profit	407	413	381	419	459	471	513	670	752	904	733
Total Revenue	407	413	381	419	459	471	513	670	752	904	733
Operating Revenue	405	413	381	419	459	471	513	670	752	904	733
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	241	245	226	301	321	609	271	395	512	598	596
Depreciation Expense	78	94	88	104	116	111	138	188	214	239	235
Other Operating Expenses / (Income)	128	145	139	138	145	167	170	220	309	364	320
Impairment Charge	42	5.31	0.00	64	60	333	1.93	0.00	7.39	0.00	34
Other Special Charges / (Income)	-7.36	0.17	-1.12	-5.04	0.00	-2.25	-39	-13	-19	-5.37	7.17
Total Other Income / (Expense), net	1.18	-49	-77	-59	-66	-91	-78	-73	-153	-165	-161
Interest Expense	38	61	77	98	127	55	91	117	167	183	181
Interest & Investment Income	7.08	14	6.94	2.94	6.88	6.91	4.72	11	15	16	17
Other Income / (Expense), net	32	-2.09	-7.09	36	55	-42	7.68	34	-0.49	1.84	2.19
Income Tax Expense	-	-	-	-	-	-	0.00	0.00	3.32	11	1.88
Basic Earnings per Share	$2.15	$1.57	$1.06	$0.70	$0.83	($2.06)	$1.35	$1.60	$0.67	$1.01	($0.20)
Weighted Average Basic Shares Outstanding	93.45M	93.50M	95.60M	105.90M	107.61M	108.97M	122.14M	126.79M	126.25M	129.39M	133.06M
Diluted Earnings per Share	$1.88	$1.50	$1.03	$0.69	$0.83	($2.06)	$1.30	$1.53	$0.66	$1.01	($0.20)
Weighted Average Diluted Shares Outstanding	119.01M	108.04M	102.90M	107.61M	107.70M	108.97M	139.38M	137.38M	126.58M	130M	133.06M
Weighted Average Basic & Diluted Shares Outstanding	93.47M	101.50M	110.93M	119.37M	119.39M	127.81M	138.55M	138.56M	137.47M	145.71M	144.56M
Cash Dividends to Common per Share	$1.74	$1.80	$1.60	$1.40	$1.40	$1.00	$0.63	$0.88	$0.97	$1.07	$0.94

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	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	12/31/2025
Net Change in Cash & Equivalents	19	-7.79	91	59	-9.38	21	-70	34	-23	-31	16
Net Cash From Operating Activities	258	230	178	201	250	276	294	355	343	370	267
Net Cash From Continuing Operating Activities	258	230	178	201	250	276	294	355	343	370	267
Net Income / (Loss) Continuing Operations	201	146	101	74	89	-224	164	203	84	131	-26
Consolidated Net Income / (Loss)	201	146	101	74	89	-224	164	203	84	131	-26
Depreciation Expense	78	94	88	104	116	111	138	188	214	239	235
Amortization Expense	9.71	9.65	7.76	11	13	16	13	10	6.30	6.52	8.45
Non-Cash Adjustments To Reconcile Net Income	-54	-13	-14	21	22	338	-4.59	-16	4.24	1.24	32
Changes in Operating Assets and Liabilities, net	23	-7.16	-5.11	-8.77	8.57	36	-18	-30	35	-7.73	18
Net Cash From Investing Activities	-206	39	48	-867	-170	176	-389	-499	-104	-618	188
Net Cash From Continuing Investing Activities	-206	39	48	-867	-170	176	-389	-499	-104	-618	188
Purchase of Property, Plant & Equipment	-	-	0.00	0.00	-211	-65	-582	-602	-264	-645	-70
Purchase of Investments	-21	-25	-4.02	42	-18	-2.26	-0.95	0.00	-0.28	-0.30	0.00
Sale of Property, Plant & Equipment	72	-	-	-	-	-	184	83	156	23	259
Other Investing Activities, net	-306	-129	25	-992	-23	205	0.03	5.09	4.60	4.91	0.00
Net Cash From Financing Activities	-33	-277	-135	725	-89	-431	25	178	-262	217	-439
Net Cash From Continuing Financing Activities	-33	-277	-135	725	-89	-431	25	178	-262	217	-439
Repayment of Debt	-443	-334	-187	-787	-213	-629	-358	-670	-847	-990	-530
Repurchase of Preferred Equity	-24	-297	-68	-97	-81	-67	-215	0.00	-206	-133	-11
Repurchase of Common Equity	-	-	-	-	-	-	0.00	0.00	-10	0.00	-10
Payment of Dividends	-163	-168	-153	-149	-151	-109	-78	-112	-123	-138	-125
Issuance of Debt	595	522	302	1,770	460	397	587	960	945	1,398	244
Issuance of Common Equity	0.68	0.32	0.09	0.00	0.00	61	89	0.00	0.00	96	0.00
Other Financing Activities, net	0.00	0.00	-29	-12	-105	-85	0.00	0.00	-20	-17	-6.27
Cash Interest Paid	68	65	88	105	72	131	97	110	149	161	162
Cash Income Taxes Paid	-	-	-	-	-	-	-	0.00	1.99	8.29	2.83

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	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	12/31/2025
Total Assets	3,033	2,937	3,012	3,878	3,885	3,093	3,459	3,861	3,731	4,108	3,638
Total Current Assets	376	278	318	414	390	356	250	297	298	316	259
Cash & Equivalents	70	62	153	211	200	215	146	188	165	135	151
Short-Term Investments	200	118	94	87	130	84	45	23	26	39	4.15
Accounts Receivable	58	32	31	58	47	36	35	50	45	108	72
Inventories, net	5.06	5.08	5.13	8.55	7.93	8.81	10	16	12	17	14
Prepaid Expenses	5.79	3.61	2.29	2.59	1.64	2.60	6.40	17	16	17	19
Other Current Assets	0.00	24	0.11	5.28	0.52	-	0.00	1.94	34	0.12	0.00
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	2,657	2,659	2,694	3,464	3,495	2,737	3,209	3,564	3,433	3,792	3,379
Long-Term Investments	500	349	337	335	42	27	17	17	16	16	16
Noncurrent Note & Lease Receivables	474	533	586	1,528	1,980	1,443	882	763	654	45	45
Other Noncurrent Operating Assets	1,682	1,777	1,771	1,601	1,472	1,266	2,310	2,784	2,763	3,730	3,318
Total Liabilities & Shareholders' Equity	3,033	2,937	3,012	3,878	3,885	3,093	3,459	3,861	3,731	4,108	3,638
Total Liabilities	1,791	1,803	1,817	2,698	2,779	2,298	2,477	2,770	2,692	2,979	2,677
Total Current Liabilities	239	239	344	404	366	577	400	1,057	969	828	710
Short-Term Debt	208	175	323	335	253	485	303	921	433	689	606
Accounts Payable	1.25	2.08	1.34	3.29	7.43	3.97	3.07	7.89	30	34	7.35
Accrued Expenses	13	14	13	13	17	21	20	27	39	51	52
Other Current Liabilities	17	48	6.20	53	88	67	75	100	467	53	45
Total Noncurrent Liabilities	1,552	1,564	1,473	2,294	2,413	1,721	2,077	1,713	1,723	2,151	1,967
Long-Term Debt	1,426	1,378	1,190	1,170	1,355	1,164	1,586	1,280	1,714	2,150	1,961
Other Noncurrent Operating Liabilities	126	186	53	19	1,058	33	490	434	8.97	1.07	6.42
Total Equity & Noncontrolling Interests	1,242	1,134	1,195	1,180	1,106	796	982	1,091	1,039	1,128	961
Total Preferred & Common Equity	1,242	1,134	1,195	1,180	1,106	796	982	1,091	1,039	1,128	961
Total Common Equity	1,242	1,134	1,195	1,180	1,106	796	982	1,091	1,039	1,128	961
Common Stock	379	284	405	470	471	533	622	618	620	718	719
Retained Earnings	278	256	204	30	0.00	-257	-93	40	0.96	0.00	-26
Treasury Stock	-	-	-	-	-	-	-	0.00	-10	-10	-20
Accumulated Other Comprehensive Income / (Loss)	-3.16	-86	-94	-0.22	-13	-19	-9.19	8.71	4.50	3.21	-4.52
Other Equity Adjustments	588	681	681	681	649	539	462	425	425	418	293

No quarterly balance sheets for SFL are available.

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	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	12/31/2025
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	144,562,927.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	144,562,927.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-0.18
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Net Operating Profit after Tax (NOPAT)	166	168	155	118	138	-97	243	275	231	284	96
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	8.37%	7.25%	7.15%	2.71%
Earnings before Interest and Taxes (EBIT)	198	166	148	154	193	-180	251	309	239	309	139
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	285	270	243	269	322	-53	402	507	459	555	382
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	376	117	-43	-682	953	-391	220	-133	317	-516	517
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,106	2,157	2,354	3,154	2,339	2,633	2,656	3,065	2,978	3,778	3,357
Increase / (Decrease) in Invested Capital	-210	51	197	800	-815	294	23	408	-86	800	-422
Book Value per Share	$13.29	$12.13	$12.50	$11.14	$10.28	$6.66	$7.69	$7.88	$7.50	$8.21	$6.59
Tangible Book Value per Share	$13.29	$12.13	$12.50	$11.14	$10.28	$6.66	$7.69	$7.88	$7.50	$8.21	$6.59
Total Capital	2,876	2,687	2,939	3,789	2,714	2,969	2,872	3,292	3,186	3,968	3,527
Total Debt	1,634	1,553	1,744	2,609	1,608	2,173	1,889	2,201	2,147	2,839	2,566
Total Long-Term Debt	1,426	1,378	1,421	2,274	1,355	1,688	1,586	1,280	1,714	2,150	1,961
Net Debt	864	1,023	1,159	1,974	1,233	1,837	1,674	1,973	1,939	2,650	2,396
Capital Expenditures (CapEx)	-72	0.00	0.00	0.00	211	65	398	519	108	622	-188
Debt-free, Cash-free Net Working Capital (DFCFNWC)	75	33	50	45	-56	-44	-46	-49	-429	3.78	-0.14
Debt-free Net Working Capital (DFNWC)	345	214	297	344	278	265	153	162	-238	177	155
Net Working Capital (NWC)	137	39	-26	9.45	25	-220	-150	-760	-671	-512	-451
Net Nonoperating Expense (NNE)	-35	22	53	44	49	128	78	73	147	153	122
Net Nonoperating Obligations (NNO)	864	1,023	1,159	1,974	1,233	1,837	1,674	1,973	1,939	2,650	2,396
Total Depreciation and Amortization (D&A)	88	104	96	116	130	127	152	198	220	246	243
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.15	$1.57	$1.06	$0.70	$0.83	($2.06)	$1.35	$1.60	$0.67	$1.01	($0.20)
Adjusted Weighted Average Basic Shares Outstanding	93.45M	93.50M	95.60M	105.90M	107.61M	108.97M	122.14M	126.79M	126.25M	129.39M	133.06M
Adjusted Diluted Earnings per Share	$1.88	$1.50	$1.03	$0.69	$0.83	($2.06)	$1.30	$1.53	$0.66	$1.01	($0.20)
Adjusted Weighted Average Diluted Shares Outstanding	119.01M	108.04M	102.90M	107.61M	107.70M	108.97M	139.38M	137.38M	126.58M	130M	133.06M
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	93.47M	101.50M	110.93M	119.37M	119.39M	127.81M	138.55M	138.56M	137.47M	145.71M	144.56M
Normalized Net Operating Profit after Tax (NOPAT)	141	121	107	124	138	135	144	184	220	279	125
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-

No quarterly metrics and ratios for SFL are available.

Financials Breakdown Chart

SFL Financials - Frequently Asked Questions

According to the most recent income statement we have on file, SFL's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

SFL's net income appears to be on a downward trend, with a most recent value of -$26.43 million in 2025, falling from $200.83 million in 2015. The previous period was $130.65 million in 2024. See SFL's forecast for analyst expectations on what's next for the company.

SFL's total operating income in 2025 was $136.68 million, based on the following breakdown:

Total Gross Profit: $733.04 million
Total Operating Expenses: $596.36 million

Over the last 10 years, SFL's total revenue changed from $406.74 million in 2015 to $733.04 million in 2025, a change of 80.2%.

SFL's total liabilities were at $2.68 billion at the end of 2025, a 10.1% decrease from 2024, and a 49.5% increase since 2015.

In the past 10 years, SFL's cash and equivalents has ranged from $62.38 million in 2016 to $215.45 million in 2020, and is currently $150.83 million as of their latest financial filing in 2025.

Over the last 10 years, SFL's book value per share changed from 13.29 in 2015 to 6.59 in 2025, a change of -50.4%.

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Financial statements for NYSE:SFL last updated on 3/19/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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SFL (SFL) Financials

Financials Breakdown Chart

SFL Financials - Frequently Asked Questions

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SFL (SFL) Financials

Annual Income Statements for SFL

Quarterly Income Statements for SFL

Annual Cash Flow Statements for SFL

Quarterly Cash Flow Statements for SFL

Annual Balance Sheets for SFL

Quarterly Balance Sheets for SFL

Annual Metrics And Ratios for SFL

Quarterly Metrics And Ratios for SFL

Financials Breakdown Chart

SFL Financials - Frequently Asked Questions

When does SFL's fiscal year end?

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

What is SFL's operating income?

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

How much debt does SFL have?

How much cash does SFL have?

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

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