See more : Innovation Medical Management Co., Ltd. (002173.SZ) 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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Danaos Corporation Announces Availability of its Annual Report on Form 20-F for the Year Ended December 31, 2023
ATHENS, Greece--(BUSINESS WIRE)--Danaos Corporation (NYSE: DAC), one of the world's largest independent owners of containerships, announced today that its Annual Report on Form 20-F for the year ended December 31, 2023 has been filed with the Securities and Exchange Commission...
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Should Value Investors Buy Danaos (DAC) Stock?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong...
Danaos Corporation (DAC) Q4 2023 Earnings Call Transcript
Danaos Corporation (DAC) Q4 2023 Earnings Call Transcript
Danaos Corporation Reports Results for the Fourth Quarter and Year Ended December 31, 2023
ATHENS, Greece--(BUSINESS WIRE)--Danaos Corporation (“Danaos”) (NYSE: DAC), one of the world's largest independent owners of containerships, today reported unaudited results for the fourth quarter and the year ended December 31, 2023. Highlights for the Fourth Quarter and Year Ended December...
Danaos: Just Far Too Cheap, It's A Buy
DAC is trading at half its tangible book value despite being net debt free and having almost $50/share in earnings contracted for 2024-2025. DAC has paid down so much debt, its Enterprise Value is back to the COVID lows.
Source: https://incomestatements.info
Category: Stock Reports