
Flex LNG (FLNG) | Financial Analysis & Statements
Financial Overview
Latest Annual: 2024Income Metrics
Revenue
356.3M
Gross Profit
207.6M
58.25%
Operating Income
197.8M
55.51%
Net Income
117.7M
33.02%
EPS (Diluted)
$2.18
Balance Sheet Metrics
Total Assets
2.7B
Total Liabilities
1.9B
Shareholders Equity
806.6M
Debt to Equity
2.31
Cash Flow Metrics
Operating Cash Flow
183.1M
Free Cash Flow
182.8M
Revenue & Profitability Trend
Flex LNG Income Statement From 2020 to 2024
Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
---|---|---|---|---|---|
Revenue | 356.3M | 371.0M | 347.9M | 343.4M | 164.5M |
Cost of Goods Sold | 148.8M | 143.4M | 138.2M | 134.4M | 82.5M |
Gross Profit | 207.6M | 227.6M | 209.8M | 209.0M | 81.9M |
Operating Expenses | 9.8M | 10.5M | 9.1M | 7.9M | 6.3M |
Operating Income | 197.8M | 217.2M | 200.6M | 201.2M | 75.6M |
Pre-tax Income | 117.8M | 120.1M | 188.1M | 162.3M | 8.2M |
Income Tax | 132.0K | 78.0K | 98.0K | 99.0K | 84.0K |
Net Income | 117.7M | 120.0M | 188.0M | 162.2M | 8.1M |
EPS (Diluted) | $2.18 | $2.22 | $3.51 | $3.04 | $0.15 |
Income Statement Trend
Flex LNG Balance Sheet From 2020 to 2024
Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
---|---|---|---|---|---|
Assets | |||||
Current Assets | 474.4M | 443.1M | 354.0M | 224.9M | 157.8M |
Non-Current Assets | 2.2B | 2.3B | 2.3B | 2.3B | 2.1B |
Total Assets | 2.7B | 2.7B | 2.7B | 2.6B | 2.3B |
Liabilities | |||||
Current Liabilities | 158.8M | 153.3M | 153.2M | 131.6M | 131.8M |
Non-Current Liabilities | 1.7B | 1.7B | 1.6B | 1.6B | 1.3B |
Total Liabilities | 1.9B | 1.9B | 1.8B | 1.7B | 1.5B |
Equity | |||||
Total Shareholders Equity | 806.6M | 847.7M | 907.1M | 889.4M | 835.2M |
Balance Sheet Composition
Flex LNG Cash Flow Statement From 2020 to 2024
Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
---|---|---|---|---|---|
Operating Activities | |||||
Net Income | 117.7M | 120.0M | 188.0M | 162.2M | 8.1M |
Operating Cash Flow | 183.1M | 157.7M | 282.1M | 239.1M | 79.3M |
Investing Activities | |||||
Capital Expenditures | -4.0K | -2.0K | -5.0K | -265.9M | -691.4M |
Investing Cash Flow | -4.0K | -2.0K | -5.0K | -265.9M | -691.4M |
Financing Activities | |||||
Dividends Paid | -161.7M | -181.2M | -186.1M | -98.9M | -10.8M |
Financing Cash Flow | -155.6M | -1.7B | -502.8M | -174.8M | 554.0M |
Free Cash Flow | 182.8M | 175.0M | 219.9M | -51.1M | -602.1M |
Cash Flow Trend
Flex LNG Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
12.10
Forward P/E
11.19
Price to Book
1.59
Price to Sales
3.53
PEG Ratio
-5.42
Profitability Ratios
Profit Margin
29.10%
Operating Margin
53.43%
Return on Equity
12.69%
Return on Assets
4.55%
Financial Health
Current Ratio
2.77
Debt to Equity
227.28
Beta
0.48
Per Share Data
EPS (TTM)
$1.91
Book Value per Share
$14.51
Revenue per Share
$6.57
Peer Financial Comparison
Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
---|---|---|---|---|---|---|
flng | 1.2B | 12.10 | 1.59 | 12.69% | 29.10% | 227.28 |
Enbridge | 96.4B | 22.24 | 1.56 | 9.46% | 10.33% | 144.81 |
Williams Companies | 73.9B | 32.52 | 5.93 | 16.20% | 20.61% | 184.40 |
International | 2.0B | 6.19 | 1.06 | 17.57% | 37.39% | 32.85 |
DHT Holdings | 1.8B | 10.20 | 1.71 | 16.95% | 31.72% | 34.74 |
CMB Tech N.V | 1.7B | 4.00 | 1.34 | 18.23% | 44.88% | 205.74 |
Financial data is updated regularly. All figures are in the company's reporting currency.