SFL Corp Ltd. Files 6-K with Mid-Year Financials

TL;DR

SFL Corp Ltd. dropped its Q2 2024 6-K, showing updated financials for the first half of the year.

AI Summary

SFL Corp Ltd. filed a 6-K report for the period ending June 30, 2024. The filing includes financial data for the first six months of 2024 and 2023, and year-end data for 2023, 2022, and 2021. Specific financial figures like common stock and additional paid-in capital are detailed for various periods.

Why It Matters

This filing provides investors with updated financial performance data for SFL Corp Ltd., crucial for assessing the company's current financial health and making informed investment decisions.

Risk Assessment

Risk Level: low — This is a routine financial filing (6-K) providing updated financial data, not indicating any immediate operational or market risks.

Key Numbers

• 6-K — Form Type (Indicates a report of foreign private issuers regarding information not required to be furnished to all holders of securities.)

Key Players & Entities

• SFL Corp Ltd. (company) — Filer of the report
• June 30, 2024 (date) — End of reporting period
• 2024 (date) — Reporting year
• 2023 (date) — Previous reporting year

FAQ

Key Financial Figures

• $ — 24 and June 30, 2023 (in thousands of $, except per share amounts) Six months

Filing Documents

• sfl-20240630.htm (6-K) — 971KB
• 0001289877-24-000042.txt ( ) — 6438KB
• sfl-20240630.xsd (EX-101.SCH) — 73KB
• sfl-20240630_cal.xml (EX-101.CAL) — 70KB
• sfl-20240630_def.xml (EX-101.DEF) — 266KB
• sfl-20240630_lab.xml (EX-101.LAB) — 532KB
• sfl-20240630_pre.xml (EX-101.PRE) — 401KB
• sfl-20240630_htm.xml (XML) — 974KB

Management's Discussion and Analysis of Financial Condition and Results of Operations Page 23

Management's Discussion and Analysis of Financial Condition and Results of Operations Page 23 Cautionary Statement Regarding Forward-Looking Statements Page 30 Signatures Page 33 3 SFL CORPORATION LTD. UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS for the six months ended June 30, 2024 and June 30, 2023 (in thousands of $, except per share amounts) Six months ended June 30, 2024 2023 Operating revenues Time charter revenues 302,391 256,083 Voyage charter revenues 5,792 28,753 Drilling contract revenues 95,844 37,860 Interest income – sales-type leases and leaseback assets 1,396 3,809 Profit sharing income 9,932 7,135 Other operating income 4,624 4,187 Total operating revenues 419,979 337,827 (Loss)/gain on sale of vessels ( 17 ) 16,476 Operating expenses Vessel and rig operating expenses 146,438 134,517 Depreciation 114,999 102,159 Vessel impairment charge — 7,389 Administrative expenses 10,825 8,447 Total operating expenses 272,262 252,512 Operating income 147,700 101,791 Non-operating income/(expense) Interest income – long-term loans to associated companies 2,276 2,263 Interest income – other 4,198 4,889 Interest expense ( 88,175 ) ( 82,554 ) Loss on investments in equity securities ( 207 ) ( 792 ) Interest and valuation gain/(loss) on non-designated derivatives 4,530 ( 2,694 ) Other financial items, net ( 1,416 ) ( 1,090 ) Equity in earnings of associated companies 1,475 1,451 Income before taxes 70,381 23,264 Tax expense ( 4,447 ) — Net income 65,934 23,264 Per share information: Basic earnings per share $ 0.52 $ 0.18 Diluted earnings per share $ 0.52 $ 0.18 The accompanying notes are an integral part of these condensed consolidated financial statements. 4 SFL CORPORATION LTD. UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME for the six months ended June 30, 2024 and June 30, 2023 (in thousands of $) Six months ended June 30, 2024 2023 Net income 65,934 23,264

View Full Filing

View this 6-K filing on SEC EDGAR