SFL Corporation Ltd.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-26.4M | $130.7M | $83.9M | $202.8M | $164.3M | $-224.4M | $89.2M | $73.6M |
| Depreciation & Amortization | — | — | — | — | — | — | — | — |
| Depreciation | $235.0M | $239.2M | $214.1M | $187.8M | $138.3M | $111.3M | $116.4M | $104.1M |
| Amortization | — | — | — | — | — | — | — | $1.7M |
| Stock-Based Compensation | — | — | — | — | — | — | — | — |
| Net Cash from Operating Activities | $267.1M | $369.9M | $343.1M | $355.1M | $293.6M | $276.5M | $249.7M | $201.0M |
| Investing Activities | ||||||||
| Capital Expenditures | — | — | — | — | — | — | — | — |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $188.1M | $-617.5M | $-103.9M | $-499.1M | $-389.1M | $176.3M | $-169.9M | $-866.6M |
| Financing Activities | ||||||||
| Dividends Paid | $125.1M | $138.5M | $123.0M | $111.6M | $77.6M | $109.4M | $150.7M | $149.3M |
| Stock Repurchases | $10.0M | — | $10.2M | $0 | $0 | — | — | — |
| Net Cash from Financing Activities | $-439.0M | $216.7M | $-262.1M | $178.4M | $25.0M | $-431.4M | $-89.2M | $724.9M |
| Net Change in Cash | $16.3M | $-30.9M | $-22.9M | $34.4M | $-70.4M | $21.4M | $-9.4M | $59.3M |
| Free Cash Flow | — | — | — | — | — | — | — | — |