Cash flow NorAm Drilling Company AS Norwegian OTC

Stocks

NORAM

NO0010360019

Oil & Gas Drilling

End-of-day quote Norwegian OTC 2022-10-07			5-day change	1st Jan Change
43.90 ^NOK	+9.75%		+9.75%	+387.78%

08-26	NorAm Drilling AS, Q2 2026 Earnings Call, Aug 26, 2026
08-25	NorAm Drilling AS Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2026	CI

c8822ae04781f8c1.L4yLhycu5aoffcaT1kIzOzUaB6hQpSGr0OKBHGd-vnQ.Yu7C6VRDkuhZUImqoDcDUlMpN-4Xxm_jhI6xdxIL6zhdzuzvRmCv8E87tQ

Published financial data: NORAM DRILLING COMPANY AS

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Revenues	50.38M	95.45M	118M	103M	101M
Total Revenues	50.38M	95.45M	118M	103M	101M
Cost of Goods Sold, Total	16.39M	26.1M	28.51M	31.41M	29.56M
Gross Profit	33.99M	69.35M	89.79M	71.68M	71.56M
Selling General & Admin Expenses, Total	22.29M	35.71M	35.26M	36.7M	38.41M
Depreciation & Amortization - (IS)	18.31M	18.88M	18.94M	19.68M	5.91M
Other Operating Expenses	5.7M	7.88M	13.31M	11.03M	13.42M
Other Operating Expenses, Total	46.3M	62.47M	67.51M	67.41M	57.74M
Operating Income	-12.3M	6.88M	22.27M	4.27M	13.83M
Interest Expense, Total	-7.2M	-6.16M	-55K	-84K	-27K
Interest And Investment Income	-	402K	507K	416K	309K
Net Interest Expenses	-7.2M	-5.76M	452K	332K	282K
Currency Exchange Gains (Loss)	-30K	1.88M	-91K	-151K	62K
Other Non Operating Income (Expenses)	-1K	2K	0	-3K	1K
EBT, Excl. Unusual Items	-19.54M	3.01M	22.63M	4.45M	14.17M
EBT, Incl. Unusual Items	-19.54M	3.01M	22.63M	4.45M	14.17M
Income Tax Expense	-701K	34K	3.41M	2.2M	-641K
Earnings From Continuing Operations	-18.83M	2.98M	19.22M	2.25M	14.81M
Net Income to Company	-18.83M	2.98M	19.22M	2.25M	14.81M
Net Income - (IS)	-18.83M	2.98M	19.22M	2.25M	14.81M
Net Income to Common Incl Extra Items	-18.83M	2.98M	19.22M	2.25M	14.81M
Net Income to Common Excl. Extra Items	-18.83M	2.98M	19.22M	2.25M	14.81M
Per Share Items
Net EPS - Basic	-0.81	0.11	0.45	0.05	0.34
Basic EPS - Continuing Operations	-0.81	0.11	0.45	0.05	0.34
Basic Weighted Average Shares Outstanding	23.39M	28.04M	43.14M	43.19M	43.3M
Net EPS - Diluted	-0.81	0.11	0.44	0.05	0.33
Diluted EPS - Continuing Operations	-0.81	0.11	0.44	0.05	0.33
Diluted Weighted Average Shares Outstanding	23.39M	28.04M	43.69M	43.64M	44.4M
Normalized Basic EPS	-0.52	0.07	0.33	0.06	0.2
Normalized Diluted EPS	-0.52	0.07	0.32	0.06	0.2
Payout Ratio	-	-	221.05	973.11	124.69
Supplemental Items
EBITDA	6M	25.76M	41.21M	23.95M	19.74M
EBITA	-12.3M	6.88M	22.27M	4.27M	13.83M
EBIT	-12.3M	6.88M	22.27M	4.27M	13.83M
Total Revenues (As Reported)	50.38M	95.45M	118M	103M	101M
Effective Tax Rate - (Ratio)	3.59	1.13	15.06	49.37	-4.52
Total Current Taxes	-	250K	273K	1.79M	1.75M
Total Deferred Taxes	-689K	-216K	3.14M	353K	-2.39M
Normalized Net Income	-12.21M	1.88M	14.15M	2.78M	8.86M
Interest on Long-Term Debt	7.2M	6.16M	-	-	-
Supplemental Operating Expense Items
Stock-Based Comp., SG&A Exp. (Total)	-	-	-	-	-
Stock-Based Comp., Other (Total)	14.49K	361K	446K	193K	195K
Total Stock-Based Compensation	14.49K	361K	446K	193K	195K

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Assets
Cash And Equivalents	12.78M	13.1M	12.14M	8.36M	10.38M
Total Cash And Short Term Investments	12.78M	13.1M	12.14M	8.36M	10.38M
Accounts Receivable, Total	6.14M	14.8M	11.3M	12.34M	12.24M
Other Receivables	1.06M	1.34M	1.37M	1.67M	1.78M
Total Receivables	7.2M	16.14M	12.66M	14.01M	14.02M
Other Current Assets, Total	-	-	1K	-	-
Total Current Assets	19.98M	29.24M	24.8M	22.38M	24.4M
Gross Property Plant And Equipment	202M	206M	211M	214M	215M
Accumulated Depreciation	-100M	-119M	-138M	-158M	-164M
Net Property Plant And Equipment	102M	86.57M	72.61M	56.3M	51.88M
Other Long-Term Assets, Total	-	-	-	-	-
Total Assets	122M	116M	97.42M	78.68M	76.28M
Liabilities
Accounts Payable, Total	3M	4.61M	4.39M	3.62M	8.67M
Accrued Expenses, Total	151K	267K	163K	169K	164K
Current Income Taxes Payable	-	250K	326K	1.78M	1.75M
Other Current Liabilities	3.24M	26.9M	15.82M	14.41M	11.28M
Total Current Liabilities	6.38M	32.03M	20.69M	19.97M	21.86M
Long-Term Debt	80M	-	-	-	-
Deferred Tax Liability Non Current	1.96M	1.75M	4.88M	5.23M	2.84M
Other Non Current Liabilities	-	-	-	-	-
Total Liabilities	88.34M	33.77M	25.58M	25.21M	24.7M
Common Stock, Total	8.84M	12.55M	12.55M	12.57M	12.58M
Additional Paid In Capital	95.23M	137M	108M	86.91M	70.19M
Retained Earnings	-70.34M	-67.46M	-48.26M	-46M	-31.19M
Comprehensive Income and Other	-	-	-	-1K	-
Total Common Equity	33.73M	82.03M	71.84M	53.47M	51.58M
Total Equity	33.73M	82.03M	71.84M	53.47M	51.58M
Total Liabilities And Equity	122M	116M	97.42M	78.68M	76.28M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	23.39M	43.14M	43.14M	43.26M	43.32M
ECS Total Common Shares Outstanding	23.39M	43.14M	43.14M	43.26M	43.32M
Book Value / Share	1.44	1.9	1.67	1.24	1.19
Tangible Book Value	33.73M	82.03M	71.84M	53.47M	51.58M
Tangible Book Value Per Share	1.44	1.9	1.67	1.24	1.19
Total Debt	80M	0	0	0	0
Net Debt	67.22M	-13.1M	-12.14M	-8.36M	-10.38M
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	-	-	-	-	-
Machinery, Total	202M	206M	211M	214M	215M
Full Time Employees	243	302	284	308	311

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Net Income	-18.83M	2.98M	19.22M	2.25M	14.81M
Depreciation & Amortization - CF	18.31M	18.88M	18.94M	19.68M	5.91M
Depreciation & Amortization, Total	18.31M	18.88M	18.94M	19.68M	5.91M
Other Operating Activities, Total	-275K	33K	3.48M	1.91M	-2.5M
Change In Accounts Receivable	-1.72M	-8.66M	3.5M	-1.04M	95K
Change In Accounts Payable	1.66M	1.61M	-218K	-771K	5.05M
Change in Other Net Operating Assets	-1.1M	1.21M	1.59M	-525K	-1.4M
Cash from Operations	-1.96M	16.05M	46.52M	21.5M	21.97M
Capital Expenditure	-3.38M	-3.36M	-4.98M	-3.36M	-1.49M
Sale of Property, Plant, and Equipment	-	-	-	-	-
Cash from Investing	-3.38M	-3.36M	-4.98M	-3.36M	-1.49M
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	1.78M	-	-	-	-
Total Debt Issued	1.78M	-	-	-	-
Long-Term Debt Repaid, Total	-	-80M	-	-	-
Total Debt Repaid	-	-80M	-	-	-
Issuance of Common Stock	-	72M	-	21K	12K
Common Dividends Paid	-	-	-42.5M	-21.93M	-18.47M
Common & Preferred Stock Dividends Paid	-	-	-42.5M	-21.93M	-18.47M
Special Dividend Paid	-	-4.38M	-	-	-
Cash from Financing	1.78M	-12.37M	-42.5M	-21.91M	-18.46M
Miscellaneous Cash Flow Adjustments	-	-	-1K	-	-1K
Net Change in Cash	-3.56M	316K	-959K	-3.78M	2.02M
Supplemental Items
Cash Income Tax Paid (Refund)	-425K	-	-76K	289K	1.86M
Levered Free Cash Flow	2.01M	33.04M	20.43M	17.06M	15.12M
Unlevered Free Cash Flow	6.51M	36.89M	20.46M	17.11M	15.14M
Change In Net Working Capital	746K	-16.71M	7.86M	2.07M	-1.88M
Net Debt Issued / Repaid	1.78M	-80M	-	-	-

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Profitability
Return on Assets	-5.89	3.62	13.06	3.03	11.15
Return on Total Capital	-6.29	4.4	18.09	4.26	16.45
Return On Equity %	-47.81	5.14	24.99	3.6	28.2
Return on Common Equity	-47.81	5.14	24.99	3.6	28.2
Margin Analysis
Gross Profit Margin %	67.47	72.66	75.9	69.53	70.77
SG&A Margin	44.24	37.41	29.81	35.6	37.98
EBITDA Margin %	11.91	26.99	34.84	23.23	19.52
EBITA Margin %	-24.42	7.21	18.83	4.15	13.67
EBIT Margin %	-24.42	7.21	18.83	4.15	13.67
Income From Continuing Operations Margin %	-37.38	3.12	16.25	2.19	14.65
Net Income Margin %	-37.38	3.12	16.25	2.19	14.65
Net Avail. For Common Margin %	-37.38	3.12	16.25	2.19	14.65
Normalized Net Income Margin	-24.23	1.97	11.96	2.7	8.76
Levered Free Cash Flow Margin	3.99	34.62	17.27	16.54	14.96
Unlevered Free Cash Flow Margin	12.92	38.65	17.3	16.6	14.97
Asset Turnover
Asset Turnover	0.39	0.8	1.11	1.17	1.31
Fixed Assets Turnover	0.46	1.01	1.49	1.6	1.87
Receivables Turnover (Average Receivables)	9.54	9.11	9.06	8.72	8.23
Short Term Liquidity
Current Ratio	3.13	0.91	1.2	1.12	1.12
Quick Ratio	3.13	0.91	1.2	1.12	1.12
Operating Cash Flow to Current Liabilities	-0.31	0.5	2.25	1.08	1
Days Sales Outstanding (Average Receivables)	38.27	40.05	40.26	41.95	44.36
Average Days Payable Outstanding	48.17	53.17	57.59	46.63	75.83
Long Term Solvency
Total Debt/Equity	237.18	-	-	-	-
Total Debt / Total Capital	70.34	-	-	-	-
LT Debt/Equity	237.18	-	-	-	-
Long-Term Debt / Total Capital	70.34	-	-	-	-
Total Liabilities / Total Assets	72.37	29.16	26.25	32.04	32.38
EBIT / Interest Expense	-1.71	1.12	404.96	50.88	512.11
EBITDA / Interest Expense	0.83	4.18	749.27	285.14	730.96
(EBITDA - Capex) / Interest Expense	0.36	3.64	658.69	245.08	675.93
Total Debt / EBITDA	13.33	-	-	-	-
Net Debt / EBITDA	11.2	-0.51	-0.29	-0.35	-0.53
Total Debt / (EBITDA - Capex)	30.45	-	-	-	-
Net Debt / (EBITDA - Capex)	25.59	-0.58	-0.34	-0.41	-0.57
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-7.82	89.44	23.94	-12.85	-1.91
Gross Profit, 1 Yr. Growth %	-15.01	104.01	29.47	-20.16	-0.17
EBITDA, 1 Yr. Growth %	-39.06	329.15	59.96	-41.88	-17.6
EBITA, 1 Yr. Growth %	50.21	-155.94	223.59	-80.81	223.51
EBIT, 1 Yr. Growth %	50.21	-155.94	223.59	-80.81	223.51
Earnings From Cont. Operations, 1 Yr. Growth %	38.7	-115.81	545.57	-88.28	557.19
Net Income, 1 Yr. Growth %	38.7	-115.81	545.57	-88.28	557.19
Normalized Net Income, 1 Yr. Growth %	22.37	-115.42	651.46	-80.33	218.33
Diluted EPS Before Extra, 1 Yr. Growth %	38.7	-113.19	340	-88.64	560
Accounts Receivable, 1 Yr. Growth %	38.89	140.96	-23.68	9.22	-0.77
Net Property, Plant and Equip., 1 Yr. Growth %	-12.76	-15.2	-16.12	-22.47	-7.86
Total Assets, 1 Yr. Growth %	-12.16	-5.13	-15.88	-19.24	-3.05
Tangible Book Value, 1 Yr. Growth %	-25.15	143.21	-12.42	-25.57	-3.54
Common Equity, 1 Yr. Growth %	-25.15	143.21	-12.42	-25.57	-3.54
Cash From Operations, 1 Yr. Growth %	-131.92	-918.36	189.89	-53.78	2.15
Capital Expenditures, 1 Yr. Growth %	37.24	-0.44	48.23	-32.46	-55.84
Levered Free Cash Flow, 1 Yr. Growth %	-78.68	1.56K	-37.5	-16.5	-11.33
Unlevered Free Cash Flow, 1 Yr. Growth %	-53.73	467.99	-43.99	-16.38	-11.5
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-21.8	32.14	53.23	3.93	-7.54
Gross Profit, 2 Yr. CAGR %	-26.82	31.68	62.52	1.67	-10.72
EBITDA, 2 Yr. CAGR %	-50.09	61.72	162.01	-3.58	-30.8
EBITA, 2 Yr. CAGR %	33.66	-8.33	34.54	-21.2	-21.21
EBIT, 2 Yr. CAGR %	33.66	-8.33	34.54	-21.2	-21.21
Earnings From Cont. Operations, 2 Yr. CAGR %	183.52	-53.17	1.03	-13	-12.22
Net Income, 2 Yr. CAGR %	183.52	-53.17	1.03	-13	-12.22
Normalized Net Income, 2 Yr. CAGR %	349.93	-56.56	7.64	21.58	-20.87
Diluted EPS Before Extra, 2 Yr. CAGR %	183.52	-57.23	-26.08	-29.29	-13.4
Accounts Receivable, 2 Yr. CAGR %	-33.78	82.94	35.61	-8.7	4.11
Net Property, Plant and Equip., 2 Yr. CAGR %	-12.26	-13.99	-15.66	-19.36	-15.48
Total Assets, 2 Yr. CAGR %	-11.58	-8.71	-10.67	-17.57	-11.51
Tangible Book Value, 2 Yr. CAGR %	-24.16	34.92	45.95	-19.26	-15.27
Common Equity, 2 Yr. CAGR %	-24.16	34.92	45.95	-19.26	-15.27
Cash From Operations, 2 Yr. CAGR %	-66.92	61.63	387.06	15.75	-31.29
Capital Expenditures, 2 Yr. CAGR %	-49.94	16.89	21.48	0.06	-45.39
Levered Free Cash Flow, 2 Yr. CAGR %	-36.4	87.23	219.98	-27.76	-13.95
Unlevered Free Cash Flow, 2 Yr. CAGR %	-18.93	61.94	77.49	-31.56	-13.98
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-14.21	5.03	29.35	26.96	1.95
Gross Profit, 3 Yr. CAGR %	-18.98	2.99	30.94	28.24	1.05
EBITDA, 3 Yr. CAGR %	-36.36	2.25	61.13	58.61	-8.5
EBITA, 3 Yr. CAGR %	14.21	-0.02	39.58	-29.7	26.18
EBIT, 3 Yr. CAGR %	14.21	-0.02	39.58	-29.7	26.18
Earnings From Cont. Operations, 3 Yr. CAGR %	63.65	8.32	12.29	-50.72	70.7
Net Income, 3 Yr. CAGR %	63.65	8.32	12.29	-50.72	70.7
Normalized Net Income, 3 Yr. CAGR %	238.67	46.14	12.34	-38.92	67.57
Diluted EPS Before Extra, 3 Yr. CAGR %	63.65	1.97	-8.82	-60.4	48.88
Accounts Receivable, 3 Yr. CAGR %	-18.54	1.86	36.69	26.17	-6.13
Net Property, Plant and Equip., 3 Yr. CAGR %	-9.19	-13.25	-14.71	-17.99	-15.69
Total Assets, 3 Yr. CAGR %	-9.13	-9.48	-11.17	-13.62	-12.99
Tangible Book Value, 3 Yr. CAGR %	-17.91	11.84	16.82	16.6	-14.33
Common Equity, 3 Yr. CAGR %	-17.91	11.84	16.82	16.6	-14.33
Cash From Operations, 3 Yr. CAGR %	-43.95	-3.61	96.38	122.16	11.03
Capital Expenditures, 3 Yr. CAGR %	-45.81	-37.05	26.52	-0.11	-23.82
Levered Free Cash Flow, 3 Yr. CAGR %	-36.85	88.06	29.41	104.48	-22.65
Unlevered Free Cash Flow, 3 Yr. CAGR %	36.17	55.01	13.3	38.11	-25.44
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	5.02	8.51	8.19	4.59	13.09
Gross Profit, 5 Yr. CAGR %	2.66	6.82	7.03	2.46	12.34
EBITDA, 5 Yr. CAGR %	13.54	15.16	12.09	-0.12	14.91
EBITA, 5 Yr. CAGR %	2.54	29.64	21.95	-9.1	11.04
EBIT, 5 Yr. CAGR %	2.54	29.64	21.95	-9.1	11.04
Earnings From Cont. Operations, 5 Yr. CAGR %	-2.58	-25.34	34.94	-0.77	1.75
Net Income, 5 Yr. CAGR %	-2.58	-25.34	34.94	-0.77	1.75
Normalized Net Income, 5 Yr. CAGR %	-1.68	-25.24	114.12	35.77	-2.35
Diluted EPS Before Extra, 5 Yr. CAGR %	-12.86	-35.6	19.09	-12.97	-10.68
Accounts Receivable, 5 Yr. CAGR %	-0.44	8.97	-0.12	-2.5	22.59
Net Property, Plant and Equip., 5 Yr. CAGR %	-5.46	-7.84	-11.84	-15.75	-15.02
Total Assets, 5 Yr. CAGR %	-5.6	-5.03	-9.75	-12.81	-11.31
Tangible Book Value, 5 Yr. CAGR %	-9.39	14.12	3.34	-1.83	2.74
Common Equity, 5 Yr. CAGR %	-9.39	14.12	3.34	-1.83	2.74
Cash From Operations, 5 Yr. CAGR %	-19.17	66.11	33.11	3.72	29.03
Capital Expenditures, 5 Yr. CAGR %	-18.78	-19.45	-25.16	-24.23	-9.59
Levered Free Cash Flow, 5 Yr. CAGR %	-21.27	46.3	20.69	27.98	9.92
Unlevered Free Cash Flow, 5 Yr. CAGR %	55.89	132.33	51.33	11.55	1.48