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Below are the financial statements of Subsea 7, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
Below are the financial statements of Subsea 7, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 | 2023 |
|---|---|---|
| Revenue | 6,837a | 5,973.7a |
| Operating expenses | -6,132.3a | -5,610.9a |
| Gross profit | 704.7a | 362.8a |
| Administrative expenses | -297.2a | -266.3a |
| Share of net income of associates and joint ventures | 38a | 8.2a |
| Net operating income | 445.5a | 104.7a |
| Finance income | 24.4a | 25.2a |
| Other gains and losses | -0.5a | 21.3a |
| Finance costs | -101.2a | -71.2a |
| Income before taxes | 368.2a | 80a |
| Taxation | -151.6a | -70a |
| Net income | 216.6a | 10a |
| Net income attributable to | — | — |
| Shareholders of the parent company | 201.4a | 15.4a |
| Non-controlling interests | 15.2a | -5.4a |
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