$SVRN Cashflow Statement | Understand Stock

$SVRN

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Financial Statements

Income Statement Balance Sheet Cashflow Statement

Consolidated statements of cash flows

In millions of USD, except per-share amounts

	FY2024 12 months to Dec 31, 2024	FY2023 12 months to Dec 31, 2023	FY2022 12 months to Dec 31, 2022	FY2021 9 months to Dec 31, 2021
Cash Flows (used in)/provided by Operating Activities:
Net loss
Adjustments to reconcile net loss to net cash (used in)/provided by operating activities:
Depreciation and amortization of deferred charges (Note 5)
Impairment loss (Note 5)
Loss on sale of vessel (Note 5)
Compensation cost on restricted stock awards (Note 7(c))
Finance costs
Changes in fair value of warrants' liability (Note 7(c))
Loss/(Gain) on equity method investment (Note 4)
(Increase) / Decrease in:
Accounts receivable, trade, net
Due from a related party
Inventories
Prepaid expenses and other assets, net
Insurance claims
Deferred charges
Increase / (Decrease) in:
Accounts payable, trade and other
Due to related parties
Accrued liabilities
Unearned revenue
Dry-dock costs
Dry-dock costs
Net cash (used in)/provided by Operating Activities
Cash Flows used in Investing Activities:
Payments for vessel improvements and vessel acquisitions (Note 5)
Payment for equity method investment (Note 4)
Proceeds from sale of vessel, net (Note 5)
Net cash used in Investing Activities
Cash Flows (used in)/provided by Financing Activities:
Proceeds from Spin-Off (Note 3(c))
Payments of equity issuance and financing costs
Proceeds from exercise of prefunded warrants (Note 7(a))
Proceeds from issuance of Series E Preferred Stock (Note 3(d) and 7(c))
Payments of equity issuance and financing costs (Note 7(a))
Payments of dividends on common stockholders and Class A warrant holders
Net cash (used in)/provided by Financing Activities
Net (decrease)/increase in cash and cash equivalents
Cash and cash equivalents at beginning of the year
Cash and cash equivalents at end of the year
SUPPLEMENTAL CASH FLOW INFORMATION
Series C Preferred Stock dividends declared, not paid (Note 7(c))
Non-cash consideration for vessel acquisition through the issuance of Series D Preferred Stock (Note 7(c))
Alternative cashless exercise of private placement warrants
Issuance of common stock and preferred stock in exchange for entities' acquisition (Note 3(c))
Dividends on Series C Preferred Stock declared, not paid
Deemed dividend on Series D Preferred Stock upon redemption and issuance of common stock

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