SBM Offshore NV
OTC:SBFFF
Income Statement
Earnings Waterfall
SBM Offshore NV
Income Statement
SBM Offshore NV
| Jun-2020 | Dec-2020 | Jun-2021 | Dec-2021 | Jun-2022 | Dec-2022 | Jun-2023 | Dec-2023 | Jun-2024 | Dec-2024 | Jun-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||
| Interest Expense |
233
|
186
|
176
|
204
|
231
|
354
|
560
|
736
|
809
|
837
|
792
|
|
| Revenue |
3 492
N/A
|
3 496
+0%
|
3 384
-3%
|
3 672
+9%
|
4 598
+25%
|
4 913
+7%
|
4 957
+1%
|
4 963
+0%
|
4 733
-5%
|
4 784
+1%
|
5 404
+13%
|
|
| Gross Profit | ||||||||||||
| Cost of Revenue |
(2 556)
|
(2 607)
|
(2 511)
|
(2 826)
|
(3 519)
|
(3 731)
|
(3 720)
|
(3 543)
|
(3 405)
|
(3 652)
|
(4 008)
|
|
| Gross Profit |
936
N/A
|
889
-5%
|
873
-2%
|
846
-3%
|
1 079
+28%
|
1 182
+10%
|
1 237
+5%
|
1 420
+15%
|
1 328
-6%
|
1 132
-15%
|
1 396
+23%
|
|
| Operating Income | ||||||||||||
| Operating Expenses |
(217)
|
(203)
|
(279)
|
(203)
|
(163)
|
(182)
|
(202)
|
(244)
|
(220)
|
(229)
|
(234)
|
|
| Selling, General & Administrative |
(191)
|
(183)
|
(179)
|
(168)
|
(164)
|
(165)
|
(181)
|
(202)
|
(211)
|
(180)
|
(190)
|
|
| Research & Development |
(24)
|
(24)
|
(30)
|
(24)
|
(31)
|
(32)
|
(33)
|
(32)
|
(39)
|
(35)
|
(36)
|
|
| Depreciation & Amortization |
0
|
0
|
0
|
(9)
|
0
|
(7)
|
0
|
(9)
|
0
|
(9)
|
0
|
|
| Other Operating Expenses |
(2)
|
4
|
(70)
|
(2)
|
32
|
22
|
12
|
(1)
|
30
|
(5)
|
(7)
|
|
| Operating Income |
719
N/A
|
686
-5%
|
594
-13%
|
643
+8%
|
916
+43%
|
1 000
+9%
|
1 035
+4%
|
1 176
+14%
|
1 108
-6%
|
903
-19%
|
1 162
+29%
|
|
| Pre-Tax Income | ||||||||||||
| Interest Income Expense |
(212)
|
(164)
|
(258)
|
(92)
|
(219)
|
(333)
|
(524)
|
(696)
|
(767)
|
(803)
|
(731)
|
|
| Non-Reccuring Items |
(12)
|
(81)
|
94
|
91
|
(7)
|
20
|
5
|
(31)
|
(25)
|
25
|
0
|
|
| Total Other Income |
0
|
(75)
|
(2)
|
(99)
|
1
|
(27)
|
65
|
140
|
163
|
158
|
129
|
|
| Pre-Tax Income |
495
N/A
|
366
-26%
|
428
+17%
|
543
+27%
|
691
+27%
|
660
-4%
|
581
-12%
|
589
+1%
|
479
-19%
|
283
-41%
|
560
+98%
|
|
| Net Income | ||||||||||||
| Tax Provision |
(27)
|
(38)
|
(59)
|
(71)
|
(92)
|
(104)
|
(117)
|
25
|
47
|
(73)
|
(93)
|
|
| Income from Continuing Operations |
468
|
328
|
369
|
472
|
599
|
556
|
464
|
614
|
526
|
210
|
467
|
|
| Income to Minority Interest |
(130)
|
(137)
|
(128)
|
(72)
|
(52)
|
(105)
|
(130)
|
(123)
|
(97)
|
(61)
|
(112)
|
|
| Net Income (Common) |
468
N/A
|
191
-59%
|
148
-23%
|
400
+170%
|
548
+37%
|
450
-18%
|
333
-26%
|
491
+47%
|
428
-13%
|
150
-65%
|
356
+137%
|
|
| EPS (Diluted) |
2.44
N/A
|
1.01
-59%
|
0.78
-23%
|
2.18
+179%
|
3.04
+39%
|
2.5
-18%
|
1.85
-26%
|
2.71
+46%
|
2.37
-13%
|
0.83
-65%
|
2.04
+146%
|
|