Frontline Ltd (FRO.OL)

Energy | Oil Gas Midstream
Income Statement (Quarterly) 2024-12-31 2024-09-30 2024-06-30 2024-03-31
Revenue 425,644,000 490,318,000 556,026,000 578,397,000
Cost of Revenue 228,918,000 338,587,000 339,028,000 355,026,000
Gross Profit 196,726,000 151,731,000 216,998,000 223,371,000
Operating Expenses
R&D Expenses 0 0 0 0
SG&A Expenses 1,709,000 6,965,000 12,566,000 14,846,000
Operating Expenses 67,010,000 6,920,000 -38,921,000 14,846,000
Operating Income 129,716,000 144,811,000 255,919,000 208,525,000
Interest Expense 75,129,000 82,439,000 73,380,000 71,376,000
Income Before Tax 66,519,000 65,253,000 189,115,000 181,153,000
Income Tax Expense -214,000 4,796,000 1,541,000 1,548,000
Net Income 66,733,000 60,457,000 187,574,000 180,819,000
Per Share
EPS 0.30 0.27 0.84 0.81
EPS Diluted 0.00 0.00 0.00 0.00
Income Statement (Annual) 2024-12-31 2023-12-31 2023-03-31 2022-12-31 2021-12-31
Revenue 2,050,385,000 1,786,988,000 0 1,430,208,000 749,381,000
Cost of Revenue 1,344,707,000 1,025,559,000 0 949,208,000 718,773,000
Gross Profit 695,912,000 761,429,000 0 481,000,000 30,608,000
Operating Expenses
R&D Expenses 0 0 0 0 0
SG&A Expenses 36,086,000 54,039,000 0 48,300,000 27,891,000
Operating Expenses 262,995,000 54,039,000 0 38,823,000 21,998,000
Operating Income 781,713,000 746,666,000 0 442,800,000 8,610,000
Interest Expense 302,324,000 178,498,000 0 98,712,000 61,435,000
Income Before Tax 503,254,000 656,619,000 0 473,130,000 -6,515,000
Income Tax Expense 7,671,000 205,000 0 412,000 4,633,000
Net Income 495,583,000 656,414,000 0 475,537,000 -11,148,000
Per Share
EPS 2.23 2.95 0.00 2.42 -0.06
EPS Diluted 0.00 0.00 0.00 0.00 0.00
Balance Sheet (Quarterly) 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Assets
Cash and Cash Equivalents 413,532,000 308,322,000 254,525,000 113,073,000
Short Term Investments 4,027,000 7,432,000 236,281,000 2,435,000
Net Receivables 151,932,000 159,692,000 164,248,000 0
Inventory 0 135,161,000 217,752,000 0
Total Current Assets 826,013,000 727,926,000 881,050,000 332,745,000
Property Plant Equipment 5,248,132,000 4,635,405,000 3,709,433,000 3,657,228,000
Goodwill and Intangibles 112,452,000 112,452,000 112,452,000 112,452,000
Total Assets 6,220,807,000 5,882,766,000 4,776,125,000 4,117,098,000
Liabilities
Account Payables 5,985,000 7,801,000 7,994,000 0
Short Term Debt 461,471,000 263,103,000 259,379,000 198,009,000
Total Current Liabilities 595,653,000 409,054,000 391,659,000 292,675,000
Long Term Debt 3,284,521,000 3,195,894,000 2,114,832,000 2,170,889,000
Total Liabilities 3,880,626,000 3,605,420,000 2,508,544,000 2,464,556,000
Shareholders Equity
Retained Earnings 507,467,000 445,999,000 436,195,000 -3,130,000
Total Shareholders Equity 2,340,653,000 2,277,818,000 2,268,053,000 1,653,014,000
Balance Sheet (Annual) 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Assets
Cash and Cash Equivalents 413,532,000 308,322,000 254,525,000 113,073,000 174,721,000
Short Term Investments 4,027,000 7,432,000 236,281,000 2,435,000 2,639,000
Net Receivables 151,932,000 159,692,000 164,248,000 0 77,179,000
Inventory 0 135,161,000 217,752,000 0 92,563,000
Total Current Assets 826,013,000 727,926,000 881,050,000 332,745,000 378,319,000
Property Plant Equipment 5,248,132,000 4,635,405,000 3,709,433,000 3,657,228,000 3,417,586,000
Goodwill and Intangibles 112,452,000 112,452,000 112,452,000 112,452,000 112,452,000
Total Assets 6,220,807,000 5,882,766,000 4,776,125,000 4,117,098,000 3,918,221,000
Liabilities
Account Payables 5,985,000 7,801,000 7,994,000 0 7,860,000
Short Term Debt 461,471,000 263,103,000 259,379,000 198,009,000 179,440,000
Total Current Liabilities 595,653,000 409,054,000 391,659,000 292,675,000 281,361,000
Long Term Debt 3,284,521,000 3,195,894,000 2,114,832,000 2,170,889,000 1,968,924,000
Total Liabilities 3,880,626,000 3,605,420,000 2,508,544,000 2,464,556,000 2,306,668,000
Shareholders Equity
Retained Earnings 507,467,000 445,999,000 436,195,000 -3,130,000 8,018,000
Total Shareholders Equity 2,340,653,000 2,277,818,000 2,268,053,000 1,653,014,000 1,612,025,000
Cash Flow Statement (Quarterly) 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Activities
Net Income 495,583,000 656,414,000 472,718,000 -11,148,000
Depreciation & Amortization 339,030,000 230,942,000 156,203,000 152,981,000
Stock Based Compensation -2,187,000 10,719,000 0 0
Change in Working Capital -3,740,000 -8,512,000 -132,000,000 -35,408,000
Operating Cash Flow 736,412,000 856,181,000 370,895,000 62,932,000
Investing Activities
Capital Expenditure -915,248,000 -1,631,423,000 -317,965,000 -462,400,000
Investments -915,248,000 -1,631,423,000 -317,965,000 -462,400,000
Investing Cash Flow -483,398,000 -1,235,456,000 -239,470,000 -363,058,000
Financing Activities
Debt Repayment 286,311,000 -1,072,000,000 -603,479,000 -224,715,000
Common Stock Issued/Repurchased 0 0 0 52,447,000
Dividends Paid -434,115,000 -638,928,000 -33,393,000 0
Financing Cash Flow -147,804,000 433,072,000 10,027,000 223,550,000
Summary
Free Cash Flow -178,836,000 -775,242,000 52,930,000 -399,468,000
Net Change in Cash 105,210,000 53,797,000 141,452,000 -76,576,000
Cash Flow Statement (Annual) 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Activities
Net Income 495,583,000 656,414,000 472,718,000 -11,148,000 412,875,000
Depreciation & Amortization 339,030,000 230,942,000 156,203,000 152,981,000 144,394,000
Stock Based Compensation -2,187,000 10,719,000 0 0 0
Change in Working Capital -3,740,000 -8,512,000 -132,000,000 -35,408,000 44,910,000
Operating Cash Flow 736,412,000 856,181,000 370,895,000 62,932,000 604,058,000
Investing Activities
Capital Expenditure -915,248,000 -1,631,423,000 -317,965,000 -462,400,000 -724,316,000
Investments -915,248,000 -1,631,423,000 -317,965,000 -462,400,000 -724,316,000
Investing Cash Flow -483,398,000 -1,235,456,000 -239,470,000 -363,058,000 -715,968,000
Financing Activities
Debt Repayment 286,311,000 -1,072,000,000 -603,479,000 -224,715,000 -932,965,000
Common Stock Issued/Repurchased 0 0 0 52,447,000 5,825,000
Dividends Paid -434,115,000 -638,928,000 -33,393,000 0 -312,389,000
Financing Cash Flow -147,804,000 433,072,000 10,027,000 223,550,000 124,183,000
Summary
Free Cash Flow -178,836,000 -775,242,000 52,930,000 -399,468,000 -120,258,000
Net Change in Cash 105,210,000 53,797,000 141,452,000 -76,576,000 12,273,000