Company research
Flex LNG Ltd.
CIK 1772253Updated Sep 24, 2026
SecurityFLNG · NYSE · equity
FLNG price & chart
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Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 2,623,824,000Source | 2,668,939,000Source | 2,709,193,000Source | 2,679,512,000Source |
| Property, Plant and Equipment, NetUSD | 2,102,495,000Source | 2,154,465,000Source | 2,217,301,000Source | 2,269,946,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 447,632,000Source | 437,154,000Source | 410,425,000Source | 332,329,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 392,000Source | 1,404,000Source | 447,000Source | 4,859,000Source |
| Inventory, NetUSD | 9,004,000Source | 4,824,000Source | 5,091,000Source | 5,260,000Source |
| Assets, CurrentUSD | 503,275,000Source | 474,379,000Source | 443,061,000Source | 354,048,000Source |
| Other Assets, NoncurrentUSD | 0Source | 5,000Source | 2,000Source | 3,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 1,904,567,000Source | 1,862,306,000Source | 1,861,540,000Source | 1,772,422,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 545,000Source | 545,000Source | 5,452,000Source | 5,452,000Source |
| Additional Paid in CapitalUSD | 704,300,000Source | 904,268,000Source | 1,204,634,000Source | 1,203,407,000Source |
| Retained Earnings (Accumulated Deficit)USD | -202,676,000Source | -277,491,000Source | -354,873,000Source | -293,687,000Source |
| Stockholders' Equity Attributable to ParentUSD | 719,257,000Source | 806,633,000Source | 847,653,000Source | 907,090,000Source |
| Liabilities and EquityUSD | 2,623,824,000Source | 2,668,939,000Source | 2,709,193,000Source | 2,679,512,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 165,826,000Source | 158,777,000Source | 153,267,000Source | 153,198,000Source |
| Accounts Payable, CurrentUSD | 10,508,000Source | 2,002,000Source | 3,508,000Source | 1,794,000Source |
| Other Liabilities, NoncurrentUSD | 163,000Source | — | — | — |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 11,545,000Source | 10,838,000Source | 12,582,000Source | 20,686,000Source |
| Long-term Debt, Excluding Current Maturities | — | — | — | — |
| Long-term Debt, Current MaturitiesUSD | 109,629,000Source | 106,708,000Source | 103,870,000Source | 95,507,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 1,738,578,000Source | 1,703,529,000Source | 1,708,273,000Source | 1,619,224,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Share-based Payment Arrangement, Noncash ExpenseUSD | 76,000Source | 1,063,000Source | 1,749,000Source | 331,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in InventoriesUSD | 4,180,000Source | -267,000Source | -169,000Source | -1,193,000Source |
| Deferred Income Tax Expense (Benefit)USD | 2,000Source | -6,000Source | -1,000Source | -1,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 140,736,000Source | 182,799,000Source | 175,034,000Source | 219,882,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | 0Source | -4,000Source | -2,000Source | -5,000Source |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | — | — | 0Source | 0Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -130,678,000Source | -155,606,000Source | -96,541,000Source | -88,761,000Source |
| Dividends paid | — | — | — | — |
| Repayments of Long-term DebtUSD | 105,180,000Source | 102,440,000Source | 110,827,000Source | 85,255,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 10,494,000Source | 26,659,000Source | 78,143,000Source | 131,231,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 447,697,000Source | 437,203,000Source | 410,544,000Source | 332,401,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 92,783,000Source | 105,113,000Source | 112,531,000Source | 63,453,000Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 435,000Source | -530,000Source | -348,000Source | 115,000Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 200,000Source | — | — | — |
| Amortization of Debt Issuance CostsUSD | 2,305,000Source | 2,503,000Source | 2,490,000Source | 4,062,000Source |
| DepreciationUSD | 76,619,000Source | 75,482,000Source | 73,363,000Source | 72,224,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | 439,000Source | -800,000Source | -350,000Source | 47,000Source |
| Gain (Loss) on Derivative Instruments, Net, PretaxUSD | -7,448,000Source | 22,838,000Source | 18,281,000Source | 79,682,000Source |
| General and Administrative ExpenseUSD | 7,966,000Source | 9,788,000Source | 10,467,000Source | 9,147,000Source |
| Income Tax Expense (Benefit)USD | 82,000Source | 132,000Source | 78,000Source | 98,000Source |
| InterestExpenseNonoperatingUSD | 92,625,000Source | 105,588,000Source | — | — |
| Investment Income, InterestUSD | 4,088,000Source | 4,467,000Source | 4,868,000Source | 2,005,000Source |
| Net Income (Loss) Attributable to ParentUSD | 74,815,000Source | 117,684,000Source | 120,039,000Source | 188,042,000Source |
| Other Nonoperating Income (Expense)USD | -853,000Source | -1,057,000Source | -1,227,000Source | -1,464,000Source |
| Payments of Financing CostsUSD | 4,421,000Source | 2,801,000Source | 7,712,000Source | 11,014,000Source |
| Proceeds from Issuance of Common StockUSD | — | 0Source | 0Source | 14,490,000Source |
| Proceeds from Issuance of Long-term DebtUSD | 530,000,000Source | 430,000,000Source | 650,000,000Source | 745,000,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 347,637,000Source | 356,349,000Source | 371,022,000Source | 347,917,000Source |
| Operating Income (Loss)USD | 175,804,000Source | 197,793,000Source | 217,157,000Source | 200,615,000Source |
| Other Nonoperating Income (Expense)USD | -853,000Source | -1,057,000Source | -1,227,000Source | -1,464,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 74,897,000Source | 117,816,000Source | 120,117,000Source | 188,140,000Source |
| Income Tax Expense (Benefit)USD | 82,000Source | 132,000Source | 78,000Source | 98,000Source |
| Net Income (Loss) Attributable to ParentUSD | 74,815,000Source | 117,684,000Source | 120,039,000Source | 188,042,000Source |
| Earnings Per Share, BasicUSD per share | 1.38Source | 2.19Source | 2.24Source | 3.53Source |
| Earnings Per Share, DilutedUSD per share | 1.38Source | 2.18Source | 2.22Source | 3.51Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 54,088,689Source | 54,028,952Source | 53,985,689Source | 53,523,866Source |
| Interest Expense (non-operating)USD | 92,625,000Source | 105,588,000Source | — | — |
| Additional Financial Items | ||||
| Current Income Tax Expense (Benefit)USD | 80,000Source | 138,000Source | 79,000Source | 99,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | 439,000Source | -800,000Source | -350,000Source | 47,000Source |
| Gain (Loss) on Derivative Instruments, Net, PretaxUSD | -7,448,000Source | 22,838,000Source | 18,281,000Source | 79,682,000Source |
| General and Administrative ExpenseUSD | 7,966,000Source | 9,788,000Source | 10,467,000Source | 9,147,000Source |
| Interest ExpenseUSD | — | — | 108,724,000Source | 76,596,000Source |
| Investment Income, InterestUSD | 4,088,000Source | 4,467,000Source | 4,868,000Source | 2,005,000Source |