See more : Marlin Technology Corporation (FINM) Income Statement Analysis – Financial Results
Complete financial analysis of FLEX LNG Ltd. (FLNG) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of FLEX LNG Ltd., a leading company in the Oil & Gas Midstream industry within the Energy sector.
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FLEX LNG Ltd. (FLNG)
About FLEX LNG Ltd.
Flex LNG Ltd., through its subsidiaries, engages in the seaborne transportation of liquefied natural gas (LNG) worldwide. As of February 16, 2022, it owned and operated nine M-type electronically controlled gas injection LNG carriers; and four vessels with generation X dual fuel propulsion systems. It also provides chartering and management services. Flex LNG Ltd. was incorporated in 2006 and is based in Hamilton, Bermuda.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 371.02M | 347.92M | 343.45M | 164.46M | 119.97M | 77.21M | 27.33M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cost of Revenue | 143.40M | 138.16M | 134.40M | 82.54M | 57.45M | 43.57M | 37.57M | 743.00K | 815.00K | 870.00K | 1.16M | -2.26M | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 227.62M | 209.76M | 209.04M | 81.92M | 62.51M | 33.64M | -10.25M | -743.00K | -815.00K | -870.00K | -1.16M | 2.26M | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit Ratio | 61.35% | 60.29% | 60.87% | 49.81% | 52.11% | 43.56% | -37.49% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 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 |
| General & Administrative | 10.47M | 9.15M | 7.89M | 6.30M | 7.51M | 4.64M | 2.37M | 725.00K | 1.41M | 1.51M | 3.05M | -12.54M | 13.43M | 10.21M | 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 |
| SG&A | 10.47M | 9.15M | 7.89M | 6.30M | 7.51M | 4.64M | 2.37M | 725.00K | 1.41M | 1.51M | 3.05M | -12.54M | 13.43M | 10.21M | 0.00 | 0.00 |
| Other Expenses | 0.00 | 0.00 | -1.21M | 0.00 | -3.39M | 0.00 | 0.00 | 2.00K | 3.00K | 1.00K | -209.97M | 301.26M | 112.29M | 98.69M | 10.66M | 14.77M |
| Operating Expenses | 10.47M | 9.15M | 7.89M | 6.30M | 7.51M | 4.64M | 2.37M | 727.00K | 1.41M | 1.51M | -206.92M | 288.71M | 125.72M | 108.90M | 10.66M | 14.77M |
| Cost & Expenses | 153.87M | 147.30M | 142.29M | 88.84M | 64.96M | 48.21M | 39.94M | 1.47M | 2.23M | 2.38M | -205.77M | 286.45M | 125.72M | 108.90M | 10.66M | 14.77M |
| Interest Income | 4.87M | 2.01M | 41.00K | 327.00K | 1.07M | 607.00K | 123.00K | 9.00K | 20.00K | 3.00K | 21.00K | 88.00K | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 108.72M | 76.60M | 56.22M | 41.81M | 33.88M | 17.64M | 234.00K | 314.00K | 267.00K | 35.00K | 3.00K | -10.15M | 222.00K | 393.00K | 2.79M | |
| Depreciation & Amortization | 73.36M | 72.22M | 69.83M | 41.85M | 28.75M | 17.41M | 2.00K | 2.00K | 3.00K | 1.00K | 32.00K | 116.00K | 146.00K | 211.00K | 250.00K | 0.00 |
| EBITDA | 302.20M | 336.96M | 270.99M | 117.47M | 83.75M | 46.41M | -10.16M | -1.47M | -2.21M | -2.59M | -4.56M | -298.63M | -135.73M | -108.47M | -10.02M | -11.98M |
| EBITDA Ratio | 81.45% | 78.85% | 78.87% | 71.57% | 70.61% | 60.67% | -45.70% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Operating Income | 217.16M | 200.62M | 201.16M | 75.62M | 55.01M | 29.00M | -12.61M | -1.49M | -2.23M | -2.59M | 205.47M | -298.32M | -125.72M | -108.90M | -10.66M | -14.77M |
| Operating Income Ratio | 58.53% | 57.66% | 58.57% | 45.98% | 45.85% | 37.56% | -46.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Total Other Income/Expenses | -97.04M | -12.48M | -38.85M | -67.43M | -37.86M | -17.23M | 2.22M | -305.00K | -247.00K | -32.00K | 3.00K | -301.79M | -10.15M | 222.00K | 393.00K | 2.79M |
| Income Before Tax | 120.12M | 188.14M | 162.30M | 8.19M | 17.15M | 11.77M | -10.39M | -1.79M | -2.48M | -2.62M | 205.48M | -298.74M | -135.87M | -108.68M | -10.27M | -11.98M |
| Income Before Tax Ratio | 32.37% | 54.08% | 47.26% | 4.98% | 14.29% | 15.24% | -38.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Income Tax Expense | 78.00K | 98.00K | 99.00K | 84.00K | 182.00K | -10.00K | 17.00K | -1.00K | 7.00K | 13.00K | 15.00K | 57.00K | 88.00K | 173.00K | 186.00K | 0.00 |
| Net Income | 120.04M | 188.04M | 162.21M | 8.11M | 16.97M | 11.78M | -10.41M | -1.79M | -2.49M | -2.64M | 205.46M | -298.80M | -135.96M | -108.66M | -10.17M | -11.98M |
| Net Income Ratio | 32.35% | 54.05% | 47.23% | 4.93% | 14.14% | 15.26% | -38.08% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| EPS | 2.24 | 3.53 | 3.04 | 0.15 | 0.31 | 0.29 | -0.34 | -0.14 | -0.20 | -0.21 | 16.30 | -23.90 | -11.31 | -9.62 | -0.90 | -1.37 |
| EPS Diluted | 2.22 | 3.51 | 3.04 | 0.15 | 0.31 | 0.29 | -0.34 | -0.14 | -0.19 | -0.21 | 16.30 | -23.87 | -11.31 | -9.62 | -0.90 | -1.37 |
| Weighted Avg Shares Out | 53.70M | 53.20M | 53.32M | 54.10M | 54.11M | 40.45M | 30.61M | 12.79M | 12.43M | 12.66M | 12.60M | 12.50M | 12.02M | 11.29M | 11.29M | 8.77M |
| Weighted Avg Shares Out (Dil) | 53.99M | 53.52M | 53.34M | 54.27M | 54.25M | 40.59M | 30.76M | 12.79M | 12.78M | 12.66M | 12.60M | 12.52M | 12.02M | 11.29M | 11.29M | 8.77M |
FLEX LNG: LNG Terminal Pause Adds Some Risk
FLEX LNG's Q4 earnings were steady, with slightly improved results versus Q3. The LNG transport market is facing challenges due to increased vessel supply and potential delays in new LNG projects. While its spot exposure will increase temporarily, FLNG chartered...
FLEX LNG Ltd. (FLNG) Q4 2023 Earnings Call Transcript
FLEX LNG Ltd. (FLNG) Q4 2023 Earnings Call Transcript
Flex LNG - Fourth Quarter 2023 Presentation
HAMILTON, Bermuda , Feb. 7, 2024 /PRNewswire/ -- Please find enclosed the presentation of Flex LNG Ltd.'s fourth quarter 2023 results which will be presented in a live video webcast today at 15:00 CET (09:00 a.m.
Flex LNG - Key information relating to the cash dividend for the fourth quarter 2023
HAMILTON, Bermuda , Feb. 7, 2024 /PRNewswire/ -- Key information relating to the cash dividend to be paid by Flex LNG Ltd. (Ticker: FLNG) for the fourth quarter 2023.
Flex LNG - Fourth Quarter 2023 Earnings Release
HAMILTON, Bermuda , Feb. 7, 2024 /PRNewswire/ -- Flex LNG Ltd. ("Flex LNG" or the "Company") today announced its unaudited financial results for the three months and year ended December 31, 2023.
Flex LNG - Invitation to the Q4 2023 presentation
HAMILTON, Bermuda , Jan. 23, 2024 /PRNewswire/ -- Flex LNG Ltd ("Flex LNG" or the "Company") will release its unaudited financial results for the fourth quarter of 2023 on Wednesday February 7, 2024, on or about 07:00 CET (1:00 a.m....
Flex LNG - Flex Resolute Time Charter extended by two years from 2025 to 2027
Hamilton, Bermuda. January 18, 2024 Flex LNG Ltd.
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Another Great Quarter And Year For LNG Shippers
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Flex LNG - Redelivery of Flex Constellation in 2024
Hamilton, BermudaJanuary 8, 2024 Flex LNG Ltd. («Flex LNG» or «Company») (NYSE/OSE: FLNG) has received notice that the charterer of Flex Constellation, a trading house, has decided not to utilize its extension option.
Source: https://incomestatements.info
Category: Stock Reports