Danaos Corporation (DAC) Income Statement Analysis

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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)

Industry: Marine Shipping

Sector: Industrials

Website: https://www.danaos.com

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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