Cash flow Seatrium Limited

Equities

S51

SG1H97877952

Shipbuilding

Market Closed - Singapore S.E. Other stock markets 10:14:45 12/09/2024 BST			5-day change	1st Jan Change
1.640 ^SGD	+3.80%		+4.46%	-30.51%

09-11	Seatrium Buys Back Nearly 1.3 Million More Shares	MT
09-10	Singapore O&M Sector Poised for Growth Amid Renewable Energy Shift	MT

6a9a3de802.KVrWGKWfJ0WgKPV1wwEWossqsI9iLv2Tf6NGAN7GVgE.YGqBfpfORHXLBZYEhU5_7IIZ6slPQqvbM_p2X-ysO0RbIrwsyOhsB8pEzQ

Published financial data: SEATRIUM LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	2.88B	1.51B	1.86B	1.95B	7.29B
Total Revenues	2.88B	1.51B	1.86B	1.95B	7.29B
Cost of Goods Sold, Total	2.97B	2B	2.94B	2.08B	7.5B
Gross Profit	-91.82M	-490M	-1.08B	-132M	-209M
Selling General & Admin Expenses, Total	85.53M	93.29M	89.23M	110M	348M
Other Operating Expenses	-41.53M	-3.07M	56.13M	-38.09M	-242M
Other Operating Expenses, Total	44M	90.22M	145M	72.36M	107M
Operating Income	-136M	-581M	-1.23B	-205M	-316M
Interest Expense, Total	-128M	-141M	-80.1M	-133M	-272M
Interest And Investment Income	93.28M	51.62M	50.77M	102M	196M
Net Interest Expenses	-35.2M	-89.03M	-29.34M	-30.97M	-75.39M
Income (Loss) On Equity Invest.	-1.6M	513K	1.17M	1.13M	7.05M
Currency Exchange Gains (Loss)	-9.53M	-2.01M	1.15M	-5.4M	-24.39M
Other Non Operating Income (Expenses)	-	-	-	-	-341M
EBT, Excl. Unusual Items	-182M	-671M	-1.25B	-240M	-750M
Merger & Related Restructuring Charges	-	-	-	-	-17M
Impairment of Goodwill	-	-	-	-	-6.07M
Gain (Loss) On Sale Of Investments	185K	-	-	-	-16.96M
Gain (Loss) On Sale Of Assets	-	501K	-	8K	-
Asset Writedown	-	-	-	-	-1.23B
Other Unusual Items	5M	-	-	-	-
EBT, Incl. Unusual Items	-177M	-671M	-1.25B	-240M	-2.02B
Income Tax Expense	-36.77M	-83.5M	-79.42M	25.82M	13.87M
Earnings From Continuing Operations	-140M	-587M	-1.18B	-266M	-2.03B
Net Income to Company	-140M	-587M	-1.18B	-266M	-2.03B
Minority Interest	3.01M	4.7M	4.8M	4.42M	13.02M
Net Income - (IS)	-137M	-583M	-1.17B	-261M	-2.02B
Net Income to Common Incl Extra Items	-137M	-583M	-1.17B	-261M	-2.02B
Net Income to Common Excl. Extra Items	-137M	-583M	-1.17B	-261M	-2.02B
Per Share Items
Net EPS - Basic	-1.31	-2.18	-1.3	-0.17	-0.65
Basic EPS - Continuing Operations	-1.31	-2.18	-1.3	-0.17	-0.65
Basic Weighted Average Shares Outstanding	104M	268M	902M	1.57B	3.11B
Net EPS - Diluted	-1.31	-2.18	-1.3	-0.17	-0.65
Diluted EPS - Continuing Operations	-1.31	-2.18	-1.3	-0.17	-0.65
Diluted Weighted Average Shares Outstanding	104M	268M	902M	1.57B	3.11B
Normalized Basic EPS	-1.06	-1.55	-0.86	-0.09	-0.15
Normalized Diluted EPS	-1.06	-1.55	-0.86	-0.09	-0.15
Dividend Per Share	-	-	-	-	-
Payout Ratio	-	-	-	-	-
American Depositary Receipts Ratio (ADR)	10	10	10	10	10
Supplemental Items
EBITDA	30.78M	-402M	-1.06B	-24.06M	56.01M
EBITA	-108M	-553M	-1.2B	-175M	-175M
EBIT	-136M	-581M	-1.23B	-205M	-316M
EBITDAR	35.57M	-399M	-1.05B	-21.38M	61.2M
Effective Tax Rate - (Ratio)	20.78	12.45	6.33	-10.77	-0.69
Total Current Taxes	-3.4M	5.26M	5.06M	6.76M	47.76M
Total Deferred Taxes	-33.37M	-88.76M	-84.49M	19.05M	-33.89M
Normalized Net Income	-111M	-415M	-779M	-145M	-456M
Interest Capitalized	45.91M	28.51M	24.21M	-	-
Interest on Long-Term Debt	55.29M	44.92M	47.27M	28.81M	41.95M
Non-Cash Pension Expense	480K	18K	-64K	-125K	2.22M
Supplemental Operating Expense Items
General and Administrative Expenses	85.53M	93.29M	89.23M	110M	348M
Net Rental Expense, Total	4.79M	3.21M	2.41M	2.68M	5.2M
Imputed Operating Lease Interest Expense	1.5M	1.02M	558K	850K	3.27M
Imputed Operating Lease Depreciation	3.29M	2.19M	1.85M	1.83M	1.93M
Stock-Based Comp., Other (Total)	2.27M	1.46M	-	-	-
Total Stock-Based Compensation	2.27M	1.46M	-	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	389M	772M	1.1B	2.09B	2.27B
Short Term Investments	3.2M	3.71M	13.48M	4.68M	10.4M
Trading Asset Securities, Total	-	-	2.01M	15.57M	1.71M
Total Cash And Short Term Investments	392M	776M	1.12B	2.11B	2.28B
Accounts Receivable, Total	1.85B	1.98B	1.67B	638M	3.19B
Other Receivables	60.48M	73.86M	67.24M	99.39M	318M
Notes Receivable	98K	22K	106K	45K	121M
Total Receivables	1.91B	2.06B	1.73B	738M	3.63B
Inventory	113M	94.36M	66.96M	71.06M	192M
Prepaid Expenses	41.04M	128M	34.72M	141M	167M
Other Current Assets, Total	105M	86.54M	70.22M	72.09M	52.86M
Total Current Assets	2.57B	3.14B	3.03B	3.13B	6.32B
Gross Property Plant And Equipment	6.22B	6.28B	6.19B	6.11B	7.76B
Accumulated Depreciation	-1.72B	-1.91B	-1.96B	-2.04B	-3.05B
Net Property Plant And Equipment	4.5B	4.37B	4.23B	4.08B	4.71B
Long-term Investments	17.53M	18.06M	19.83M	25.47M	279M
Goodwill	11.98M	11.94M	12.01M	12.01M	3.82B
Other Intangibles, Total	234M	209M	186M	163M	393M
Accounts Receivable Long-Term	1.06B	1.08B	1.61B	888M	-1.2M
Loans Receivable Long-Term	28.12M	25M	22.5M	619M	451M
Deferred Tax Assets Long-Term	29.2M	117M	196M	169M	220M
Other Long-Term Assets, Total	9.18M	1.93M	495K	16.12M	33.04M
Total Assets	8.46B	8.97B	9.3B	9.1B	16.23B
Liabilities
Accounts Payable, Total	1.26B	992M	1.4B	1.01B	3.98B
Accrued Expenses, Total	18.08M	11.31M	9.5M	59.74M	95.16M
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	1.43B	2.12B	821M	1.67B	743M
Current Portion of Leases	23.98M	22.1M	21.09M	26.32M	45.04M
Current Income Taxes Payable	3.76M	7.06M	6.09M	9.15M	31.11M
Unearned Revenue Current, Total	60.19M	173M	176M	589M	437M
Other Current Liabilities	79.59M	71.85M	104M	72.87M	934M
Total Current Liabilities	2.87B	3.4B	2.53B	3.43B	6.27B
Long-Term Debt	2.98B	1.43B	2.26B	1.42B	2.27B
Long-Term Leases	254M	269M	258M	242M	489M
Pension & Other Post Retirement Benefits	1.09M	912K	787K	600K	79.17M
Deferred Tax Liability Non Current	28.99M	26.85M	19.07M	15.79M	98.4M
Other Non Current Liabilities	113M	149M	209M	201M	606M
Total Liabilities	6.25B	5.27B	5.27B	5.31B	9.81B
Common Stock, Total	486M	2.58B	4.07B	4.07B	8.75B
Retained Earnings	1.73B	1.15B	-21.26M	-283M	-2.3B
Treasury Stock	-771K	-771K	-1K	-1K	-2.69M
Comprehensive Income and Other	-44.22M	-56.78M	-51.68M	-21.67M	-56.22M
Total Common Equity	2.17B	3.67B	4B	3.77B	6.39B
Minority Interest	33.47M	28.75M	23.79M	19.04M	20.94M
Total Equity	2.21B	3.7B	4.03B	3.79B	6.42B
Total Liabilities And Equity	8.46B	8.97B	9.3B	9.1B	16.23B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	105M	628M	1.57B	3.41B	3.41B
ECS Total Common Shares Outstanding	105M	628M	1.57B	1.57B	3.41B
Book Value / Share	20.79	5.84	2.55	2.4	1.87
Tangible Book Value	1.93B	3.45B	3.8B	3.59B	2.18B
Tangible Book Value Per Share	18.44	5.49	2.42	2.29	0.64
Total Debt	4.69B	3.84B	3.35B	3.36B	3.55B
Net Debt	4.29B	3.07B	2.23B	1.25B	1.27B
Debt Equivalent Oper. Leases	38.3M	25.68M	19.26M	21.42M	41.56M
Minority Interest, Total (Incl. Fin. Div)	33.47M	28.75M	23.79M	19.04M	20.94M
Equity Method Investments, Total	14.89M	15.42M	16.56M	17.54M	180M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	113M	93.9M	66.76M	70.57M	168M
Inventories - Work In Process, Total	-	-	-	-	-
Inventories - Finished Goods, Total	295K	466K	206K	495K	23.76M
Land - (BS)	1.4B	1.42B	1.84B	1.77B	2.22B
Machinery, Total	1.87B	2.08B	2.08B	2.11B	2.59B
Full Time Employees	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	156M	9.9M	10.98M	21.24M	26.34M
Order Backlog	2.44B	1.82B	1.3B	6.75B	16.2B

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	-137M	-583M	-1.17B	-261M	-2.02B
Depreciation & Amortization - CF	167M	174M	172M	170M	316M
Amortization of Goodwill and Intangible Assets - (CF)	27.53M	27.93M	25.06M	29.34M	140M
Depreciation & Amortization, Total	194M	202M	197M	200M	456M
Amortization of Deferred Charges, Total - (CF)	5.25M	10.95M	10.18M	16.28M	14.78M
(Gain) Loss From Sale Of Asset	2.43M	-1.45M	4.56M	-2.47M	-4.88M
(Gain) Loss on Sale of Investments - (CF)	-185K	-	-	-	16.96M
Asset Writedown & Restructuring Costs	46.58M	123M	112M	1K	1.24B
(Income) Loss On Equity Investments - (CF)	1.6M	-513K	-1.17M	-1.13M	-7.05M
Stock-Based Compensation (CF)	2.27M	1.46M	-	-	-
Provision and Write-off of Bad Debts	-338K	9.02M	2.36M	8.82M	4.82M
Other Operating Activities, Total	-52.54M	-156M	-38.92M	28.79M	779M
Change In Accounts Receivable	-191M	-209M	-84.61M	995M	592M
Change In Inventories	-32.29M	-15.43M	6.07M	-1.24M	20.57M
Change In Accounts Payable	-246M	-262M	382M	-367M	840M
Change in Unearned Revenues	-79.54M	94.1M	17.26M	414M	-856M
Change in Other Net Operating Assets	191M	35.94M	-25.71M	8.9M	-475M
Cash from Operations	-296M	-750M	-589M	1.04B	601M
Capital Expenditure	-316M	-89.22M	-45.72M	-23.3M	-116M
Sale of Property, Plant, and Equipment	1.92M	3.49M	3.92M	2.95M	14.46M
Cash Acquisitions	-	-	-	-	750M
Divestitures	-	-	-	-	-
Sale (Purchase) of Intangible assets	-	-2.41M	-2.41M	-5.87M	-497K
Investment in Marketable and Equity Securities, Total	55K	-	-	-	5.4M
Other Investing Activities, Total	2.56M	-	32K	-	807K
Cash from Investing	-312M	-88.14M	-44.19M	-26.21M	654M
Long-Term Debt Issued, Total	2.73B	2.4B	1.53B	325M	460M
Total Debt Issued	2.73B	2.4B	1.53B	325M	460M
Long-Term Debt Repaid, Total	-2.57B	-1.76B	-2.06B	-345M	-1.53B
Total Debt Repaid	-2.57B	-1.76B	-2.06B	-345M	-1.53B
Issuance of Common Stock	-	587M	1.5B	-	-
Repurchase of Common Stock	-	-	-286K	-465K	-2.83M
Common Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-	-	-	-	-
Special Dividend Paid	-	-	-	-	-
Other Financing Activities, Total	-78K	-136K	-111K	-298K	-
Cash from Financing	164M	1.23B	964M	-20.66M	-1.07B
Foreign Exchange Rate Adjustments	-4.11M	-4.36M	843K	-5.66M	-4.25M
Net Change in Cash	-448M	383M	332M	987M	179M
Supplemental Items
Cash Interest Paid	108M	162M	63.13M	97.32M	252M
Cash Income Tax Paid (Refund)	1.35M	7.88M	5.09M	2.41M	23.52M
Levered Free Cash Flow	-616M	-688M	235M	907M	710M
Unlevered Free Cash Flow	-541M	-611M	275M	974M	865M
Change In Net Working Capital	337M	360M	-894M	-931M	-723M
Net Debt Issued / Repaid	164M	639M	-534M	-19.89M	-1.07B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	-1	-4.16	-8.4	-1.39	-1.56
Return on Total Capital	-1.26	-5.03	-10.29	-1.76	-2.31
Return On Equity %	-6.16	-19.9	-30.44	-6.8	-39.78
Return on Common Equity	-6.12	-19.95	-30.53	-6.72	-39.68
Margin Analysis
Gross Profit Margin %	-3.19	-32.47	-58.12	-6.79	-2.87
SG&A Margin	2.97	6.18	4.79	5.67	4.78
EBITDA Margin %	1.07	-26.62	-56.68	-1.24	0.77
EBITA Margin %	-3.76	-36.6	-64.58	-9	-2.41
EBIT Margin %	-4.71	-38.45	-65.93	-10.5	-4.33
Income From Continuing Operations Margin %	-4.86	-38.88	-63.12	-13.64	-27.84
Net Income Margin %	-4.76	-38.57	-62.86	-13.41	-27.66
Net Avail. For Common Margin %	-4.76	-38.57	-62.86	-13.41	-27.66
Normalized Net Income Margin	-3.84	-27.47	-41.86	-7.47	-6.25
Levered Free Cash Flow Margin	-21.37	-45.57	12.63	46.6	9.74