Financial Snapshot

Revenue
$884.9M
TTM
Gross Margin
64.26%
TTM
Net Earnings
$141.8M
TTM
Current Assets
$373.3M
Q3 2024
Current Liabilities
$747.1M
Q3 2024
Current Ratio
49.97%
Q3 2024
Total Assets
$4.100B
Q3 2024
Total Liabilities
$2.960B
Q3 2024
Book Value
$1.140B
Q3 2024
Cash
$163.8M
Q3 2024
P/E
10.79
Nov 29, 2024 EST
Free Cash Flow
-$232.6M
TTM

Revenues

Revenues

Revenue YoY Change

Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001
Revenue $752.3M $670.4M $513.4M $471.0M $458.8M $418.7M $380.9M $413.0M $406.7M $327.5M $270.9M $319.7M $295.1M $308.1M $345.2M $457.8M $398.0M $424.7M $437.5M $492.1M $695.1M $365.2M $486.7M
YoY Change 12.22% 30.58% 9.0% 2.66% 9.58% 9.92% -7.77% 1.55% 24.18% 20.89% -15.26% 8.34% -4.22% -10.75% -24.6% 15.03% -6.29% -2.93% -11.1% -29.2% 90.33% -24.96%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001
Revenue $752.3M $670.4M $513.4M $471.0M $458.8M $418.7M $380.9M $413.0M $406.7M $327.5M $270.9M $319.7M $295.1M $308.1M $345.2M $457.8M $398.0M $424.7M $437.5M $492.1M $695.1M $365.2M $486.7M
Cost Of Revenue $293.8M $205.1M $156.7M $155.6M $134.4M $128.5M $131.8M $136.0M $120.8M $119.5M $105.5M $94.90M $81.10M $81.00M $91.50M $99.90M $106.4M $119.7M $113.8M $106.5M $230.5M $175.4M $160.3M
Gross Profit $458.5M $465.3M $356.7M $315.4M $324.4M $290.2M $249.1M $276.9M $285.9M $208.0M $165.3M $224.8M $214.1M $227.0M $253.7M $357.9M $291.6M $305.0M $323.7M $385.6M $464.5M $189.8M $326.4M
Gross Profit Margin 60.95% 69.4% 69.47% 66.96% 70.71% 69.31% 65.4% 67.05% 70.3% 63.51% 61.02% 70.32% 72.55% 73.68% 73.49% 78.18% 73.27% 71.82% 73.99% 78.36% 66.82% 51.97% 67.06%

Selling, General & Admin Expense

Research & Development

No data

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

No data

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001
Selling, General & Admin $15.57M $15.18M $12.97M $11.40M $10.20M $9.200M $7.400M $9.100M $6.700M $7.600M $7.500M $8.900M $9.900M $9.100M $12.20M $9.800M $7.800M $6.600M $2.400M $3.800M $9.700M $6.900M $7.000M
YoY Change 2.56% 16.98% 13.81% 11.76% 10.87% 24.32% -18.68% 35.82% -11.84% 1.33% -15.73% -10.1% 8.79% -25.41% 24.49% 25.64% 18.18% 175.0% -36.84% -60.82% 40.58% -1.43%
% of Gross Profit 3.39% 3.26% 3.64% 3.61% 3.14% 3.17% 2.97% 3.29% 2.34% 3.65% 4.54% 3.96% 4.62% 4.01% 4.81% 2.74% 2.67% 2.16% 0.74% 0.99% 2.09% 3.64% 2.14%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $220.4M $187.8M $138.3M $111.3M $116.4M $104.1M $88.20M $94.30M $78.10M $67.40M $58.40M $55.60M $49.90M $34.20M $30.20M $28.00M $20.60M $14.50M $19.90M $34.60M $106.0M $96.80M $88.60M
YoY Change 17.32% 35.78% 24.29% -4.38% 11.82% 18.03% -6.47% 20.74% 15.88% 15.41% 5.04% 11.42% 45.91% 13.25% 7.86% 35.92% 42.07% -27.14% -42.49% -67.36% 9.5% 9.26%
% of Gross Profit 48.06% 40.37% 38.78% 35.29% 35.88% 35.87% 35.41% 34.06% 27.32% 32.4% 35.33% 24.73% 23.31% 15.07% 11.9% 7.82% 7.06% 4.75% 6.15% 8.97% 22.82% 51.0% 27.14%
Operating Expenses $229.6M $408.1M $151.3M $122.7M $126.6M $113.3M $95.60M $103.4M $84.80M $75.00M $66.00M $64.50M $59.70M $43.30M $42.50M $37.90M $28.40M $21.10M $22.30M $38.40M $115.8M $103.7M $95.60M
YoY Change -43.74% 169.75% 23.31% -3.08% 11.74% 18.51% -7.54% 21.93% 13.07% 13.64% 2.33% 8.04% 37.88% 1.88% 12.14% 33.45% 34.6% -5.38% -41.93% -66.84% 11.67% 8.47%
Operating Profit $228.9M $275.5M $205.4M $192.7M $197.8M $176.9M $153.5M $173.5M $201.1M $133.0M $99.30M $160.3M $154.4M $183.7M $211.2M $320.0M $263.2M $283.9M $301.4M $347.2M $348.7M $86.10M $230.8M
YoY Change -16.91% 34.14% 6.57% -2.58% 11.81% 15.24% -11.53% -13.72% 51.2% 33.94% -38.05% 3.82% -15.95% -13.02% -34.0% 21.58% -7.29% -5.81% -13.19% -0.43% 304.99% -62.69%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001
Interest Expense -$147.8M -$64.36M -$74.03M -$87.30M -$30.00M -$41.20M -$43.20M -$20.10M $56.90M -$27.00M -$24.90M -$16.50M -$33.00M -$29.90M -$20.60M -$100.9M -$122.7M -$112.1M -$108.6M -$93.30M -$17.60M -$49.40M -$34.00M
YoY Change 129.68% -13.06% -15.2% 191.0% -27.18% -4.63% 114.93% -135.33% -310.74% 8.43% 50.91% -50.0% 10.37% 45.15% -79.58% -17.77% 9.46% 3.22% 16.4% 430.11% -64.37% 45.29%
% of Operating Profit -64.58% -23.36% -36.05% -45.3% -15.17% -23.29% -28.14% -11.59% 28.29% -20.3% -25.08% -10.29% -21.37% -16.28% -9.75% -31.53% -46.62% -39.49% -36.03% -26.87% -5.05% -57.38% -14.73%
Other Income/Expense, Net -$8.431M $15.53M -$4.465M -$800.0K -$9.400M -$2.800M -$5.800M -$1.600M -$1.600M -$1.300M -$3.300M -$1.900M -$2.600M -$16.20M $11.10M -$54.90M -$14.50M -$800.0K $17.50M $8.800M $3.600M -$4.500M -$9.100M
YoY Change -154.3% -447.77% 458.13% -91.49% 235.71% -51.72% 262.5% 0.0% 23.08% -60.61% 73.68% -26.92% -83.95% -245.95% -120.22% 278.62% 1712.5% -104.57% 98.86% 144.44% -180.0% -50.55%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001
Pretax Income $83.94M $199.9M $164.3M -$224.4M $89.20M $73.60M $101.2M $146.4M $200.8M $122.8M $89.20M $185.8M $131.2M $165.7M $192.6M $181.6M $167.7M $180.8M $209.5M $262.7M $334.8M $32.20M $187.5M
YoY Change -58.02% 21.66% -173.24% -351.57% 21.2% -27.27% -30.87% -27.09% 63.52% 37.67% -51.99% 41.62% -20.82% -13.97% 6.06% 8.29% -7.25% -13.7% -20.25% -21.54% 939.75% -82.83%
Income Tax $3.323M $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
% Of Pretax Income 3.96% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
Net Earnings $83.94M $202.8M $164.3M -$224.4M $89.20M $73.60M $101.2M $146.4M $200.8M $122.8M $89.20M $185.8M $131.2M $165.7M $192.6M $181.6M $167.7M $180.8M $209.5M $262.7M $334.8M $18.00M $212.0M
YoY Change -58.6% 23.38% -173.24% -351.57% 21.2% -27.27% -30.87% -27.09% 63.52% 37.67% -51.99% 41.62% -20.82% -13.97% 6.06% 8.29% -7.25% -13.7% -20.25% -21.54% 1760.0% -91.51%
Net Earnings / Revenue 11.16% 30.25% 32.01% -47.64% 19.44% 17.58% 26.57% 35.45% 49.37% 37.5% 32.93% 58.12% 44.46% 53.78% 55.79% 39.67% 42.14% 42.57% 47.89% 53.38% 48.17% 4.93% 43.56%
Basic Earnings Per Share $0.67 $1.60 $1.35 -$2.06
Diluted Earnings Per Share $0.66 $1.53 $1.179M -$2.059M $828.2K $684.0K $983.5K $1.356M $1.687M $1.052M $935.0K $2.163M $1.569M $2.095M $2.589M $2.495M $2.304M $2.484M $2.835M $3.521M $4.530M $243.6K $2.869M

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001
Cash & Short-Term Investments $191.2M $211.1M $166.8M $244.3M $273.6M $298.6M $246.9M $180.9M $269.8M $124.5M $135.6M $116.2M $118.2M $87.00M $84.20M $46.50M $85.00M $85.30M $32.90M $29.20M $26.50M $20.60M
YoY Change -9.4% 26.52% -31.71% -10.71% -8.37% 20.94% 36.48% -32.95% 116.71% -8.19% 16.7% -1.69% 35.86% 3.33% 81.08% -45.29% -0.35% 159.27% 12.67% 10.19% 28.64%
Cash & Equivalents $165.5M $188.4M $145.6M $215.4M $199.5M $211.4M $153.1M $62.40M $70.20M $50.80M $58.60M $60.50M $94.90M $87.00M $84.20M $46.10M $78.30M $64.60M $32.90M $29.20M $26.50M $20.60M
Short-Term Investments $25.74M $22.72M $21.21M $28.80M $74.10M $87.20M $93.80M $118.5M $199.6M $73.70M $76.90M $55.70M $23.30M $0.00 $500.0K $6.700M $20.70M
Other Short-Term Assets $103.3M $81.51M $14.74M $11.60M $5.600M $8.900M $2.400M $27.80M $5.800M $42.60M $49.10M $57.60M $60.70M $109.9M $144.2M $237.7M $206.2M $174.9M $108.7M $197.3M $37.10M $32.30M
YoY Change 26.72% 452.97% 27.08% 107.14% -37.08% 270.83% -91.37% 379.31% -86.38% -13.24% -14.76% -5.11% -44.77% -23.79% -39.34% 15.28% 17.9% 60.9% -44.91% 431.81% 14.86%
Inventory $11.73M $16.40M $10.12M $8.800M $7.900M $8.500M $5.100M $5.100M $5.100M $6.900M $6.600M $3.000M $1.200M $500.0K $100.0K $300.0K $300.0K $300.0K $200.0K $0.00 $16.20M $19.90M
Prepaid Expenses
Receivables $3.532M $4.392M $19.69M $14.40M $27.00M $44.70M $22.20M $21.10M $47.70M $155.7M $21.60M $62.20M $10.00M $33.80M $37.10M $45.90M $42.00M $63.50M $79.80M $5.100M $23.90M $23.00M
Other Receivables $0.00 $0.00 $38.93M $77.40M $76.30M $52.90M $41.10M $43.60M $47.60M $10.50M $79.30M $3.700M $2.600M $4.100M $1.100M $1.100M $200.0K $3.900M $1.400M $300.0K $7.200M $7.000M
Total Short-Term Assets $298.1M $297.0M $250.3M $356.4M $390.5M $413.6M $317.7M $278.4M $375.9M $340.2M $292.2M $242.6M $192.8M $235.3M $266.6M $331.5M $333.6M $327.9M $222.9M $231.9M $111.1M $102.9M
YoY Change 0.36% 18.64% -29.77% -8.73% -5.59% 30.19% 14.12% -25.94% 10.49% 16.43% 20.45% 25.83% -18.06% -11.74% -19.58% -0.63% 1.74% 47.11% -3.88% 108.73% 7.97%
Property, Plant & Equipment $3.314B $3.359B $2.944B $1.938B $2.119B $2.310B $1.763B $1.771B $1.682B $1.465B $1.216B $1.110B $1.021B $695.5M $556.6M $586.8M $583.2M $238.9M $315.2M $236.3M $1.864B $1.904B
YoY Change -1.33% 14.11% 51.89% -8.55% -8.24% 31.03% -0.45% 5.3% 14.8% 20.49% 9.48% 8.79% 46.74% 24.96% -5.15% 0.62% 144.12% -24.21% 33.39% -87.32% -2.13%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $74.09M $120.1M $197.9M $649.4M $980.4M $787.5M $596.7M $523.9M $558.9M $762.5M $900.5M $1.321B $1.333B $1.521B $2.157B $2.346B $1.970B $1.962B $1.838B $1.642B $169.1M $103.9M
YoY Change -38.33% -39.3% -69.52% -33.76% 24.5% 31.98% 13.9% -6.26% -26.7% -15.32% -31.84% -0.89% -12.34% -29.52% -8.04% 19.09% 0.39% 6.77% 11.96% 870.79% 62.75%
Other Assets $22.51M $40.20M $22.32M $25.40M $67.70M $41.40M $21.10M $25.00M $28.50M $48.80M $58.10M $77.20M $75.70M $105.4M $79.00M $84.10M $63.20M $24.50M $17.80M $43.10M $12.70M $12.70M
YoY Change -43.99% 80.13% -12.14% -62.48% 63.53% 96.21% -15.6% -12.28% -41.6% -16.01% -24.74% 1.98% -28.18% 33.42% -6.06% 33.07% 157.96% 37.64% -58.7% 239.37% 0.0%
Total Long-Term Assets $3.433B $3.564B $3.209B $2.737B $3.495B $3.464B $2.694B $2.659B $2.657B $2.701B $2.754B $2.731B $2.703B $2.647B $2.793B $3.017B $2.616B $2.226B $2.171B $1.921B $2.045B $2.021B
YoY Change -3.68% 11.07% 17.25% -21.69% 0.89% 28.57% 1.33% 0.09% -1.65% -1.9% 0.85% 1.01% 2.12% -5.22% -7.42% 15.31% 17.55% 2.52% 13.01% -6.07% 1.21%
Total Assets $3.731B $3.861B $3.459B $3.093B $3.885B $3.878B $3.012B $2.937B $3.033B $3.042B $3.046B $2.973B $2.896B $2.882B $3.060B $3.349B $2.950B $2.554B $2.394B $2.153B $2.156B $2.124B
YoY Change
Accounts Payable $30.26M $7.887M $1.770M $1.200M $3.400M $1.900M $500.0K $1.200M $800.0K $2.400M $3.500M $1.500M $700.0K $400.0K $0.00 $0.00 $100.0K $500.0K $1.000M $200.0K $4.700M $5.200M
YoY Change 283.66% 345.59% 47.5% -64.71% 78.95% 280.0% -58.33% 50.0% -66.67% -31.43% 133.33% 114.29% 75.0% -100.0% -80.0% -50.0% 400.0% -95.74% -9.62%
Accrued Expenses $39.19M $27.20M $19.79M $21.10M $17.10M $12.50M $13.40M $13.80M $12.60M $18.20M $13.80M $12.60M $9.400M $6.500M $9.100M $17.90M $17.00M $11.30M $9.900M $8.400M $18.70M $26.60M
YoY Change 44.08% 37.41% -6.19% 23.39% 36.8% -6.72% -2.9% 9.52% -30.77% 31.88% 9.52% 34.04% 44.62% -28.57% -49.16% 5.29% 50.44% 14.14% 17.86% -55.08% -29.7%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $65.40M $63.70M $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change -100.0% 2.67%
Long-Term Debt Due $852.3M $974.9M $354.0M $533.8M $321.9M $334.9M $313.8M $109.5M $144.4M $182.4M $389.9M $157.7M $150.3M $162.8M $292.5M $385.6M $179.4M $144.5M $122.5M $91.30M $141.5M $131.3M
YoY Change -12.58% 175.42% -33.69% 65.83% -3.88% 6.72% 186.58% -24.17% -20.83% -53.22% 147.24% 4.92% -7.68% -44.34% -24.14% 114.94% 24.15% 17.96% 34.17% -35.48% 7.77%
Total Short-Term Liabilities $969.2M $1.057B $400.3M $576.5M $365.8M $404.1M $343.7M $239.0M $239.0M $213.8M $432.4M $197.5M $174.1M $208.7M $378.0M $493.2M $227.9M $182.4M $134.7M $100.3M $484.2M $662.4M
YoY Change -8.27% 163.94% -30.56% 57.6% -9.48% 17.57% 43.81% 0.0% 11.79% -50.56% 118.94% 13.44% -16.58% -44.79% -23.36% 116.41% 24.95% 35.41% 34.3% -79.29% -26.9%
Long-Term Debt $1.714B $1.699B $2.059B $1.688B $2.393B $2.274B $1.190B $1.378B $1.426B $1.550B $1.347B $1.674B $1.760B $1.760B $1.843B $2.210B $2.091B $1.771B $1.671B $1.388B $850.1M $975.6M
YoY Change 0.87% -17.5% 21.98% -29.44% 5.21% 91.08% -13.63% -3.38% -7.99% 15.07% -19.51% -4.92% 0.0% -4.52% -16.58% 5.71% 18.07% 5.96% 20.43% 63.23% -12.86%
Other Long-Term Liabilities $8.969M $14.36M $17.21M $32.70M $20.60M $19.50M $283.2M $186.3M $125.6M $124.3M $74.60M $107.3M $104.8M $84.70M $88.80M $128.0M $17.10M $0.00 $26.50M $4.100M
YoY Change -37.55% -16.57% -47.36% 58.74% 5.64% -93.11% 52.01% 48.33% 1.05% 66.62% -30.48% 2.39% 23.73% -4.62% -30.63% 648.54% -100.0% 546.34%
Total Long-Term Liabilities $1.723B $1.713B $2.077B $1.721B $2.413B $2.294B $1.473B $1.564B $1.552B $1.674B $1.422B $1.781B $1.865B $1.845B $1.932B $2.338B $2.108B $1.771B $1.698B $1.392B $850.1M $975.6M
YoY Change 0.54% -17.49% 20.67% -28.68% 5.21% 55.67% -5.81% 0.81% -7.32% 17.78% -20.17% -4.51% 1.09% -4.52% -17.35% 10.92% 19.03% 4.31% 21.98% 63.71% -12.86%
Total Liabilities $2.692B $2.770B $2.477B $2.298B $2.779B $2.698B $1.817B $1.803B $1.791B $1.888B $1.854B $1.978B $2.039B $2.053B $2.310B $2.831B $2.336B $1.953B $1.832B $1.492B $1.334B $1.638B
YoY Change -2.82% 11.83% 7.81% -17.32% 3.01% 48.47% 0.77% 0.7% -5.16% 1.83% -6.28% -2.98% -0.7% -11.12% -18.4% 21.22% 19.58% 6.59% 22.82% 11.82% -18.54%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

No data

Preferred Stock

No data

Treasury Stock Shares

No data

Stock Issuance & Repurchase

Ownership Data

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001
Basic Shares Outstanding 126.2M shares 126.8M shares 122.1M shares 109.0M shares
Diluted Shares Outstanding 126.6M shares 137.4M shares 139.4M shares 109.0M shares
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Stock Price

Market Cap: $1.5299 Billion

About SFL Corp Ltd.

SFL Corp. Ltd. engages in the ownership and operation of vessels and offshore related assets. The firm is engaged in the ownership and operation of vessels and offshore related assets, and also involved in the charter, purchase and sale of assets. The Company’s assets consist of approximately15 dry bulk carriers, 32 container vessels, one jack-up drilling rig, one harsh environment semi-submersible drilling unit, six oil product tankers, seven crude oil tankers, three car carriers and four car carriers. The firm owns and manages a fleet of approximately 73 vessels, split between tankers, bulkers, container vessels, car carriers and energy assets. Its vessels include SFL Yangtze, SFL Yukon, SFL Sara, SFL Kate, SFL Humber, SFL Hudson, Arabian Sea, Thor Highway, Odin Highway, Maersk Pelepas, Maersk Phuket Maersk, Linus, SFL Puma, SFL Panther, Semi-submersible, SFL Albany, SFL Fraser and others. The company also partly owns four chartered-in container vessels in its associated companies.

Industry: Deep Sea Foreign Transportation of Freight Peers: Ardmore Shipping Corp DHT Holdings, Inc. GOLAR LNG LTD NORDIC AMERICAN TANKERS Ltd TEEKAY CORP LTD