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For the nine months ended 30 September 2020,Kvaerner ASA revenues decreased 16% to NOK5.4B. Net incomeapplicable to common stockholders excluding extraordinaryitems decreased 66% to NOK68M. Revenues reflect FieldDevelopment segment decrease of 16% to NOK5.56B. Net incomealso reflects Interest income/expense decrease of 85% toNOK2M (income), Net financial income/(expense) - Balancidecrease from NOK1M (income) to NOK2M (expense).
Period Ending: | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 |
---|---|---|---|---|
Total Revenue | 1795 | 1468 | 2134 | 2587 |
Gross Profit | ||||
Operating Income | 132 | 115 | -178 | 55 |
Net Income | 104 | 84 | -123 | 38 |
Period Ending: | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 |
---|---|---|---|---|
Total Assets | 5933 | 5735 | 6068 | 6357 |
Total Liabilities | 2493 | 2383 | 2804 | 2972 |
Total Equity | 3440 | 3352 | 3264 | 3385 |
Period Ending: | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 |
---|---|---|---|---|
Period Length: | 9 Months | 6 Months | 3 Months | 12 Months |
Cash From Operating Activities | -143 | -496 | -239 | -98 |
Cash From Investing Activities | -94 | -72 | -51 | -391 |
Cash From Financing Activities | -26 | -19 | -10 | -367 |
Net Change in Cash | -295 | -590 | -304 | -841 |
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