See more : Meshek Energy – Renewable Energies Ltd. (MSKE.TA) 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.
You may be interested
- Beijing Enterprises Water Group Limited (0371.HK) Income Statement Analysis – Financial Results
- Clavister Holding AB (publ.) (CLAV.ST) Income Statement Analysis – Financial Results
- Dodla Dairy Limited (DODLA.BO) Income Statement Analysis – Financial Results
- Agricultural Bank of China Limited (1288.HK) Income Statement Analysis – Financial Results
- Telenet Group Holding NV (TLGHY) Income Statement Analysis – Financial Results
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 |
Danaos Corporation Announces Date for the Release of Fourth Quarter 2023 Results, Conference Call and Webcast
ATHENS, Greece, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Danaos Corporation (NYSE: DAC), one of the world's largest independent owners of containerships, announced today that it will release its results for the fourth quarter ended December 31, 2023, after the close of...
J Mintzmyer On Red Sea Disruptions And 2 Key Shipping Segments
J Mintzmyer discusses the shipping sector, disruptions in the Red Sea, and investment opportunities. Tankers and containerships are the most impacted sectors, with rates surging and potential for a multi-year supercycle.
Danaos: Eagle Bulk Stake Pays Off Big Amid Merger With Star Bulk, Red Sea Blockade
Danaos' strategic investment in Eagle Bulk, initially met with skepticism, has proven highly profitable. Eagle Bulk's merger with Star Bulk Carriers and a surge in dry bulk rates amid the Red Sea blockade have contributed to Danaos' share price rally....
Danaos Still Has A Lot Of Room To Run
Danaos Corporation stock has delivered a total return of 22.57% since my very first call in May 2021, outperforming the market. Time to update my thesis. Despite a drop in revenue, Danaos showcased resilience in Q3 FY2023 with a 90%...
Danaos Q3: Dividends On The Rise, Buybacks Persist - Is It Enough?
Danaos announced an increase in its dividend and the renewal of its share buyback program, reflecting a positive stance on returning value to shareholders. The company's strong performance persists, and with the ongoing surge in dry bulk rates, Danaos' debt-free...
Danaos Corporation (DAC) Q3 2023 Earnings Call Transcript
Danaos Corporation (NYSE:DAC ) Q3 2023 Earnings Conference Call November 14, 2023 9:00 AM ET Company Participants Evangelos Chatzis – Chief Financial Officer John Coustas – Chief Executive Officer Conference Call Participants Omar Nokta – Jefferies Operator Good day, and...
Danaos Corporation Reports Third Quarter and Nine Months Ended September 30, 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 period ended September 30, 2023. Highlights for the Third Quarter and Nine Months Ended September 30, 2023: Adjusted...
Danaos: Amazing Risk/Reward Buy Setup
Danaos has been managing its business differently than others in the maritime shipping industry by stockpiling cash and paying off debt. The company holds more current assets than debt, which is rare in the containership sector. Shares are incredibly undervalued...
Danaos Corporation Announces Date for the Release of Third Quarter 2023 Results, Conference Call and Webcast
ATHENS, Greece--(BUSINESS WIRE)--Danaos Corporation (NYSE: DAC), one of the world's largest independent owners of containerships, announced today that it will release its results for the third quarter ended September 30, 2023, after the close of the market in New York...
Danaos Corporation: Tough To Beat
Danaos Corporation offers a strong balance sheet with ample liquidity, supporting opportunistic capital allocation. Its dividend yield may not be the highest, but is supported by great coverage and excellent free cash flow. No significant maturities until 2028 and about...
Source: https://incomestatements.info
Category: Stock Reports