Cash flow Aker Solutions ASA

Equities

AKSO

NO0010716582

Oil Related Services and Equipment

Real-time Oslo Bors Other stock markets 09:40:27 10/09/2024 BST			5-day change	1st Jan Change
40.10 ^NOK	-0.50%		-4.66%	-4.57%

09-04	Aker Solutions ASA (OB:AKSO) acquired Alma Clean Power AS from Clara Ventures As.	CI
08-02	SLB Unit Wins Subsea Systems Contract from Brazil's Petrobras	MT

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Published financial data: AKER SOLUTIONS ASA

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	29.26B	28.43B	29.2B	41.22B	35.88B
Other Revenues, Total	-	-	-	-	-
Total Revenues	29.26B	28.43B	29.2B	41.22B	35.88B
Cost of Goods Sold, Total	13.45B	13.09B	13.85B	22.36B	20.76B
Gross Profit	15.82B	15.35B	15.34B	18.86B	15.12B
Selling General & Admin Expenses, Total	10.98B	11.83B	11.15B	12.82B	11.32B
Depreciation & Amortization - (IS)	1.23B	1.29B	1.1B	1.1B	684M
Other Operating Expenses	2.52B	2.82B	2.48B	3.14B	2.84B
Other Operating Expenses, Total	14.74B	15.94B	14.73B	17.06B	14.84B
Operating Income	1.08B	-593M	612M	1.8B	278M
Interest Expense, Total	-508M	-504M	-383M	-338M	-227M
Interest And Investment Income	57M	100M	242M	170M	353M
Net Interest Expenses	-451M	-404M	-141M	-168M	126M
Income (Loss) On Equity Invest.	-	6M	5M	33M	205M
Currency Exchange Gains (Loss)	-107M	-95M	19M	38M	-83M
Other Non Operating Income (Expenses)	22M	781M	34M	-11M	82M
EBT, Excl. Unusual Items	543M	-305M	529M	1.69B	608M
Restructuring Charges	-70M	-16M	-	-	-
Merger & Related Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-	-96M	-	-	-
Gain (Loss) On Sale Of Investments	-	-	-	-	-453M
Gain (Loss) On Sale Of Assets	-	34M	-	-	-
Asset Writedown	-304M	-931M	-52M	22M	-60M
Other Unusual Items	-	-	43M	-	-
EBT, Incl. Unusual Items	169M	-1.31B	520M	1.72B	95M
Income Tax Expense	87M	206M	271M	545M	110M
Earnings From Continuing Operations	82M	-1.52B	249M	1.17B	-15M
Earnings Of Discontinued Operations	-	-	-	-	11.54B
Net Income to Company	82M	-1.52B	249M	1.17B	11.52B
Minority Interest	-41M	-20M	5M	8M	112M
Net Income - (IS)	41M	-1.54B	254M	1.18B	11.64B
Net Income to Common Incl Extra Items	41M	-1.54B	254M	1.18B	11.64B
Net Income to Common Excl. Extra Items	41M	-1.54B	254M	1.18B	97M
Per Share Items
Net EPS - Basic	0.15	-3.13	0.52	2.42	23.81
Basic EPS - Continuing Operations	0.15	-3.13	0.52	2.42	0.2
Basic Weighted Average Shares Outstanding	271M	492M	489M	487M	489M
Net EPS - Diluted	0.15	-3.13	0.52	2.42	23.81
Diluted EPS - Continuing Operations	0.15	-3.13	0.52	2.42	0.2
Diluted Weighted Average Shares Outstanding	271M	492M	489M	487M	489M
Normalized Basic EPS	1.1	-0.43	0.69	2.19	1.01
Normalized Diluted EPS	1.1	-0.43	0.69	2.19	1.01
Dividend Per Share	-	-	0.2	1	2
Payout Ratio	-	-1.23	1.18	8.23	4.2
Supplemental Items
EBITDA	1.58B	11M	1.13B	2.26B	952M
EBITA	1.11B	-566M	631M	1.81B	293M
EBIT	1.08B	-593M	612M	1.8B	278M
EBITDAR	1.95B	477M	1.51B	2.81B	1.36B
Total Revenues (As Reported)	-	29.4B	29.47B	41.42B	36.26B
Effective Tax Rate - (Ratio)	51.48	-15.68	52.12	31.76	115.79
Total Current Taxes	185M	151M	220M	244M	99M
Total Deferred Taxes	-98M	56M	51M	301M	11M
Normalized Net Income	298M	-211M	336M	1.07B	492M
Interest Capitalized	-	-	-	-	-
Interest on Long-Term Debt	237M	230M	204M	195M	155M
Non-Cash Pension Expense	94M	245M	69M	41M	77M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	574M	563M	286M	279M	258M
Net Rental Expense, Total	371M	466M	377M	555M	407M
Imputed Operating Lease Interest Expense	254M	222M	154M	239M	165M
Imputed Operating Lease Depreciation	117M	244M	223M	316M	242M
Stock-Based Comp., SG&A Exp. (Total)	-	-	-	8M	12M
Total Stock-Based Compensation	-	-	-	8M	12M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	1.9B	3.17B	4.56B	6.17B	6B
Short Term Investments	-	-	-	-	5.71B
Trading Asset Securities, Total	5M	15M	-	11M	7M
Total Cash And Short Term Investments	1.9B	3.19B	4.56B	6.18B	11.72B
Accounts Receivable, Total	7.94B	7.05B	8.28B	10.14B	7.38B
Other Receivables	213M	632M	177M	202M	279M
Notes Receivable	130M	200M	143M	146M	3.1B
Total Receivables	8.28B	7.88B	8.6B	10.49B	10.76B
Inventory	369M	255M	293M	275M	44M
Prepaid Expenses	1.56B	1.31B	1.77B	1.98B	1.21B
Other Current Assets, Total	151M	207M	176M	394M	251M
Total Current Assets	12.26B	12.84B	15.4B	19.32B	24B
Gross Property Plant And Equipment	13.18B	15.88B	15.96B	17.4B	12.66B
Accumulated Depreciation	-6.49B	-9.38B	-9.93B	-11.08B	-7.27B
Net Property Plant And Equipment	6.69B	6.5B	6.03B	6.32B	5.4B
Long-term Investments	239M	318M	262M	128M	6.57B
Goodwill	4.32B	4.84B	4.84B	5.04B	3.1B
Other Intangibles, Total	61M	31M	16M	91M	77M
Accounts Receivable Long-Term	663M	668M	634M	561M	529M
Loans Receivable Long-Term	-	196M	206M	201M	197M
Deferred Tax Assets Long-Term	871M	464M	581M	584M	491M
Deferred Charges Long-Term	1.32B	955M	870M	821M	386M
Other Long-Term Assets, Total	122M	8M	22M	26M	505M
Total Assets	26.56B	26.83B	28.87B	33.09B	41.25B
Liabilities
Accounts Payable, Total	2B	2.12B	1.43B	2.64B	2.55B
Accrued Expenses, Total	5.16B	5.1B	6.43B	7.85B	5.31B
Current Portion of Long-Term Debt	217M	238M	1.44B	60M	-
Current Portion of Leases	571M	643M	692M	734M	619M
Current Income Taxes Payable	81M	108M	69M	65M	62M
Unearned Revenue Current, Total	677M	1.01B	2.66B	3.13B	4.83B
Other Current Liabilities	1.5B	1.41B	1.96B	3.19B	4.85B
Total Current Liabilities	10.21B	10.63B	14.68B	17.68B	18.23B
Long-Term Debt	3.28B	2.51B	925M	962M	-
Long-Term Leases	4.89B	4.47B	4.06B	3.68B	2.92B
Pension & Other Post Retirement Benefits	663M	1.08B	1.01B	1.03B	895M
Deferred Tax Liability Non Current	269M	223M	333M	459M	140M
Other Non Current Liabilities	22M	5M	4M	38M	118M
Total Liabilities	19.33B	18.92B	21.01B	23.85B	22.3B
Common Stock, Total	294M	532M	532M	532M	532M
Additional Paid In Capital	-	3.69B	3.69B	3.69B	3.69B
Retained Earnings	5.67B	2.39B	2.43B	3.54B	14.61B
Treasury Stock	-	-	-7M	-4M	-3M
Comprehensive Income and Other	1.17B	1.26B	1.19B	1.49B	255M
Total Common Equity	7.13B	7.87B	7.83B	9.24B	19.08B
Minority Interest	97M	38M	28M	-4M	-129M
Total Equity	7.23B	7.91B	7.86B	9.24B	18.95B
Total Liabilities And Equity	26.56B	26.83B	28.87B	33.09B	41.25B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	272M	492M	486M	488M	490M
ECS Total Common Shares Outstanding	272M	492M	486M	488M	490M
Book Value / Share	26.23	15.99	16.13	18.93	38.97
Tangible Book Value	2.75B	3B	2.98B	4.12B	15.9B
Tangible Book Value Per Share	10.11	6.1	6.13	8.43	32.48
Total Debt	8.96B	7.86B	7.11B	5.44B	3.54B
Net Debt	7.05B	4.68B	2.55B	-746M	-8.18B
Debt Equivalent of Unfunded Proj. Benefit Obligation	658M	1.07B	969M	1.03B	895M
Debt Equivalent Oper. Leases	2.97B	3.73B	3.02B	4.44B	3.26B
Minority Interest, Total (Incl. Fin. Div)	97M	38M	28M	-4M	-129M
Equity Method Investments, Total	146M	61M	58M	103M	6.56B
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	366M	253M	292M	274M	42M
Inventories - Work In Process, Total	-	-	-	-	-
Inventories - Finished Goods, Total	3M	2M	1M	1M	2M
Buildings, Total	1.73B	2.86B	2.83B	3.01B	2.14B
Machinery, Total	6.04B	7.61B	7.49B	8.07B	3.6B
Full Time Employees	15.96K	14.49K	15.01K	15.4K	11.47K
Part Time Employees	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	64M	79M	44M	69M	116M
Order Backlog	25.4B	37.98B	49.17B	97.32B	72.68B

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	41M	-1.54B	254M	1.18B	11.64B
Depreciation & Amortization - CF	936M	1.01B	875M	875M	1.11B
Amortization of Goodwill and Intangible Assets - (CF)	35M	27M	19M	11M	15M
Depreciation & Amortization, Total	971M	1.04B	894M	886M	1.12B
Amortization of Deferred Charges, Total - (CF)	263M	247M	203M	213M	180M
(Gain) Loss From Sale Of Asset	-99M	-981M	11M	9M	-9.72B
Asset Writedown & Restructuring Costs	305M	1.03B	52M	-22M	60M
Net Cash From Discontinued Operations	-	-	-	-	11.54B
Other Operating Activities, Total	40M	164M	133M	460M	-10.89B
Change in Other Net Operating Assets	-1.2B	544M	1.25B	1.79B	2.29B
Cash from Operations	319M	501M	2.8B	4.52B	6.22B
Capital Expenditure	-599M	-431M	-218M	-507M	-1.83B
Sale of Property, Plant, and Equipment	33M	14M	6M	6M	12M
Cash Acquisitions	-35M	-	-	-169M	-13M
Divestitures	-	172M	-2M	17M	621M
Sale (Purchase) of Intangible assets	-228M	-148M	-144M	-113M	-388M
Investment in Marketable and Equity Securities, Total	-135M	18M	1M	-7M	-3B
Net (Increase) Decrease in Loans Originated / Sold - Investing	49M	5M	136M	128M	24M
Other Investing Activities, Total	-1M	-1M	227M	169M	430M
Cash from Investing	-916M	-371M	6M	-476M	-4.15B
Long-Term Debt Issued, Total	1.78B	1.5B	-	6M	-
Total Debt Issued	1.78B	1.5B	-	6M	-
Long-Term Debt Repaid, Total	-1.75B	-2.9B	-1.03B	-2.14B	-1.74B
Total Debt Repaid	-1.75B	-2.9B	-1.03B	-2.14B	-1.74B
Issuance of Common Stock	-	49M	-	-	-
Repurchase of Common Stock	-48M	-	-	-	-
Common Dividends Paid	-	-19M	-3M	-97M	-489M
Common & Preferred Stock Dividends Paid	-	-19M	-3M	-97M	-489M
Other Financing Activities, Total	-1M	-86M	-389M	-330M	-253M
Cash from Financing	-14M	-1.46B	-1.42B	-2.57B	-2.48B
Foreign Exchange Rate Adjustments	36M	16M	8M	134M	248M
Miscellaneous Cash Flow Adjustments	-	-	-1M	-	-1M
Net Change in Cash	-575M	-1.31B	1.39B	1.61B	-167M
Supplemental Items
Cash Interest Paid	572M	451M	340M	319M	245M
Cash Income Tax Paid (Refund)	184M	244M	306M	219M	267M
Levered Free Cash Flow	-829M	474M	2.49B	3.45B	713M
Unlevered Free Cash Flow	-512M	789M	2.73B	3.66B	855M
Change In Net Working Capital	1.59B	-452M	-1.61B	-2.04B	-1.59B
Net Debt Issued / Repaid	35M	-1.4B	-1.03B	-2.14B	-1.74B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	2.84	-1.24	1.37	3.64	0.47
Return on Total Capital	5.05	-2.09	2.49	7.6	0.93
Return On Equity %	1.11	-16.4	3.16	13.7	-0.11
Return on Common Equity	0.56	-16.74	3.24	13.81	0.68
Margin Analysis
Gross Profit Margin %	54.05	53.97	52.55	45.76	42.14
SG&A Margin	37.52	41.61	38.21	31.1	31.54
EBITDA Margin %	5.41	0.04	3.88	5.48	2.65
EBITA Margin %	3.81	-1.99	2.16	4.4	0.82
EBIT Margin %	3.69	-2.09	2.1	4.37	0.77
Income From Continuing Operations Margin %	0.28	-5.35	0.85	2.84	-0.04
Net Income Margin %	0.14	-5.42	0.87	2.86	32.43
Net Avail. For Common Margin %	0.14	-5.42	0.87	2.86	0.27
Normalized Net Income Margin