See more : Weiqiao Textile Company Limited (WQTEF) Income Statement Analysis – Financial Results
Complete financial analysis of Danaos Corporation (DAC) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Danaos Corporation, a leading company in the Marine Shipping industry within the Industrials sector.
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Danaos Corporation (DAC)
About Danaos Corporation
Danaos Corporation, together with its subsidiaries, owns and operates containerships in Australia, Asia, Europe, and the United States. The company offers seaborne transportation services, such as chartering its vessels to liner companies. As of February 28, 2022, it had a fleet of 71 containerships aggregating 436,589 twenty-foot equivalent units in capacity. The company was formerly known as Danaos Holdings Limited and changed its name to Danaos Corporation in October 2005. Danaos Corporation was founded in 1963 and is based in Piraeus, Greece.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 973.58M | 993.34M | 689.51M | 461.59M | 447.24M | 458.73M | 451.73M | 498.33M | 567.94M | 552.09M | 588.12M | 589.01M | 468.10M | 359.68M | 319.51M | 298.91M | 258.85M | 245.59M | 241.38M | 208.27M | 146.12M |
| Cost of Revenue | 329.88M | 328.39M | 277.11M | 226.74M | 210.60M | 224.57M | 234.81M | 252.35M | 256.80M | 263.79M | 271.26M | 280.80M | 129.89M | 96.20M | 99.67M | 96.72M | 73.17M | 68.02M | 61.41M | 52.56M | 0.00 |
| Gross Profit | 643.71M | 664.96M | 412.39M | 234.85M | 236.64M | 234.16M | 216.92M | 245.98M | 311.13M | 288.30M | 316.86M | 308.21M | 338.21M | 263.48M | 219.84M | 202.18M | 185.67M | 177.56M | 179.97M | 155.71M | 146.12M |
| Gross Profit Ratio | 66.12% | 66.94% | 59.81% | 50.88% | 52.91% | 51.05% | 48.02% | 49.36% | 54.78% | 52.22% | 53.88% | 52.33% | 72.25% | 73.25% | 68.80% | 67.64% | 71.73% | 72.30% | 74.56% | 74.76% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 43.48M | 36.58M | 54.13M | 35.37M | 35.57M | 35.57M | 29.42M | 27.63M | 25.68M | 25.83M | 24.94M | 26.45M | 0.00 | 23.26M | 14.54M | 11.62M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 43.48M | 36.58M | 54.13M | 35.37M | 35.57M | 35.57M | 29.42M | 27.63M | 25.68M | 25.83M | 24.94M | 26.45M | 21.03M | 23.26M | 14.54M | 11.62M | 9.96M | 7.57M | 5.06M | 4.05M | 0.00 |
| Other Expenses | 17.02M | 12.17M | 4.54M | 593.00K | 556.00K | -50.46M | -15.76M | -41.60M | 111.00K | 422.00K | 302.00K | 811.00K | 111.98M | 82.56M | 69.20M | 41.61M | 47.02M | 22.00M | 31.24M | 26.12M | 0.00 |
| Operating Expenses | 60.51M | 48.75M | 54.13M | 35.37M | 35.57M | 35.57M | 29.42M | 27.63M | 25.68M | 25.83M | 24.94M | 26.45M | 133.01M | 105.81M | 83.74M | 53.22M | 56.98M | 29.58M | 36.29M | 30.17M | 0.00 |
| Cost & Expenses | 392.92M | 377.13M | 331.25M | 262.11M | 246.17M | 260.14M | 264.23M | 279.99M | 282.48M | 289.62M | 296.20M | 307.25M | 262.90M | 202.01M | 183.42M | 149.95M | 130.15M | 97.60M | 97.70M | 82.73M | 0.00 |
| Interest Income | 12.13M | 4.59M | 12.23M | 6.64M | 6.41M | 5.78M | 5.58M | 4.68M | 3.42M | 1.70M | 2.21M | 1.64M | 1.30M | 964.00K | 2.43M | 6.54M | 4.86M | 3.61M | 6.35M | 2.64M | 0.00 |
| Interest Expense | 24.74M | 62.14M | 68.99M | 53.50M | 72.07M | 85.71M | 86.56M | 82.97M | 70.40M | 79.98M | 91.19M | 87.34M | 55.12M | 47.21M | 38.50M | 39.78M | 22.42M | 29.24M | 23.42M | 11.56M | 0.00 |
| Depreciation & Amortization | 108.07M | 146.44M | 127.10M | 112.56M | 105.24M | 116.99M | 121.98M | 134.57M | 131.78M | 137.06M | 137.41M | 143.94M | 106.18M | 77.05M | 60.91M | 51.03M | 41.09M | 31.11M | 27.11M | -33.79M | 0.00 |
| EBITDA | 704.83M | 787.63M | 444.48M | 315.64M | 309.66M | 171.43M | 296.09M | -110.39M | 417.24M | 381.90M | 429.33M | 150.25M | 449.33M | 23.29M | 141.50M | 199.99M | 169.79M | 139.89M | 177.30M | 161.81M | 108.68M |
| EBITDA Ratio | 72.40% | 69.48% | 77.02% | 67.64% | 67.85% | 56.68% | 64.06% | 58.05% | 70.45% | 69.17% | 70.01% | 69.62% | 95.99% | 124.69% | 81.67% | 66.46% | 60.97% | 81.59% | 72.31% | 71.89% | 100.00% |
| Operating Income | 580.66M | 653.44M | 358.26M | 199.48M | 201.07M | -12.12M | 187.50M | -212.64M | 244.38M | 192.41M | 272.47M | 152.96M | 205.20M | 86.16M | 136.10M | 148.96M | 128.69M | 147.99M | 143.68M | 125.11M | 146.12M |
| Operating Income Ratio | 59.64% | 65.78% | 51.96% | 43.22% | 44.96% | -2.64% | 41.51% | -42.67% | 43.03% | 34.85% | 46.33% | 25.97% | 43.84% | 23.95% | 42.60% | 49.84% | 49.72% | 60.26% | 59.52% | 60.07% | 100.00% |
| Total Other Income/Expenses | -4.36M | -75.98M | 700.47M | -45.93M | -69.82M | -20.81M | -103.59M | -153.55M | -127.36M | -196.33M | -234.94M | -258.17M | -137.95M | -258.09M | -63.94M | 1.34M | -5.60M | -46.91M | -20.83M | 7.51M | -50.73M |
| Income Before Tax | 576.30M | 577.46M | 1.06B | 153.55M | 131.25M | -32.94M | 83.91M | -366.20M | 117.02M | -3.92M | 37.52M | -105.20M | 67.26M | -127.60M | 72.16M | 150.30M | 140.66M | 122.85M | 139.92M | 132.62M | 0.00 |
| Income Before Tax Ratio | 59.19% | 58.13% | 153.55% | 33.27% | 29.35% | -7.18% | 18.57% | -73.48% | 20.60% | -0.71% | 6.38% | -17.86% | 14.37% | -35.48% | 22.58% | 50.28% | 54.34% | 50.02% | 57.97% | 63.68% | 0.00% |
| Income Tax Expense | 0.00 | 18.25M | 5.89M | 60.40M | 74.23M | 64.89M | 71.76M | 25.11M | 68.57M | 80.40M | 91.49M | 88.15M | 191.77M | 260.01M | 100.01M | 33.72M | -86.57M | 46.91M | 20.83M | 74.56M | -59.85M |
| Net Income | 576.30M | 559.21M | 1.05B | 93.15M | 57.03M | -32.94M | 83.91M | -366.20M | 117.02M | -3.92M | 37.52M | -105.20M | 13.44M | -102.34M | 36.09M | 115.24M | 215.26M | 101.08M | 122.85M | 116.46M | 59.85M |
| Net Income Ratio | 59.19% | 56.30% | 152.70% | 20.18% | 12.75% | -7.18% | 18.57% | -73.48% | 20.60% | -0.71% | 6.38% | -17.86% | 2.87% | -28.45% | 11.30% | 38.55% | 83.16% | 41.16% | 50.89% | 55.92% | 40.96% |
| EPS | 28.99 | 27.30 | 51.75 | 3.95 | 3.60 | -3.10 | 10.70 | -46.69 | 14.98 | -0.50 | 4.76 | -13.44 | 1.68 | -18.99 | 9.24 | 29.54 | 55.30 | 30.24 | 38.78 | 36.82 | 18.90 |
| EPS Diluted | 28.95 | 27.28 | 51.15 | 3.91 | 3.52 | -3.10 | 10.70 | -46.69 | 14.98 | -0.50 | 4.76 | -13.44 | 1.68 | -18.99 | 9.24 | 29.54 | 55.30 | 30.24 | 38.78 | 36.82 | 18.90 |
| Weighted Avg Shares Out | 19.88M | 20.48M | 20.35M | 23.59M | 15.83M | 10.62M | 7.84M | 7.84M | 7.84M | 7.83M | 7.83M | 7.83M | 7.79M | 5.39M | 3.90M | 3.90M | 3.90M | 3.34M | 3.16M | 3.16M | 3.16M |
| Weighted Avg Shares Out (Dil) | 19.90M | 20.50M | 20.58M | 23.81M | 16.22M | 10.62M | 7.84M | 7.84M | 7.84M | 7.83M | 7.83M | 7.83M | 7.79M | 5.39M | 3.90M | 3.90M | 3.90M | 3.34M | 3.16M | 3.16M | 3.16M |
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I have been bullish on Danaos for the past 2.5 years, but finally, I am feeling worn out and frustrated. The cost of holding Danaos stock, in terms of effort and disappointment, outweighs the potential reward. Nevertheless, my journey with...
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