See more : HEXPOL AB (publ) (HXXPY) Income Statement Analysis – Financial Results
Complete financial analysis of Golden Ocean Group Limited (GOGL) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Golden Ocean Group Limited, a leading company in the Marine Shipping industry within the Industrials sector.
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Golden Ocean Group Limited (GOGL)
About Golden Ocean Group Limited
Golden Ocean Group Limited, a shipping company, owns and operates a fleet of dry bulk vessels comprising Newcastlemax, Capesize, Panamax, and Ultramax vessels worldwide. It owns and operates dry bulk vessels in the spot and time charter markets. The company transports bulk commodities, such as ores, coal, grains, and fertilizers. As of March 23, 2022, it owned a fleet of 81 dry bulk vessels. Golden Ocean Group Limited is based in Hamilton, Bermuda.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 885.77M | 1.11B | 1.20B | 607.94M | 705.80M | 656.07M | 460.02M | 257.81M | 189.63M | 96.72M | 37.55M | 37.32M | 94.52M | 95.90M | 67.34M | 82.91M | 88.16M | 105.73M | 100.18M | 135.70M | 75.25M | 40.28M | 61.53M | 76.34M | 40.28M | 45.04M | 42.14M |
| Cost of Revenue | 675.88M | 691.77M | 675.02M | 563.89M | 589.85M | 498.52M | 399.89M | 312.85M | 248.20M | 72.19M | 25.79M | 23.05M | 30.02M | 30.15M | 8.59M | 18.55M | 28.42M | 35.85M | 33.67M | 24.11M | 0.00 | 0.00 | 0.00 | 0.00 | 400.00K | 400.00K | 300.00K |
| Gross Profit | 209.88M | 421.69M | 528.16M | 44.05M | 115.95M | 157.55M | 60.13M | -55.05M | -58.57M | 24.52M | 11.76M | 14.27M | 64.50M | 65.75M | 58.75M | 64.37M | 59.74M | 69.88M | 66.51M | 111.59M | 75.25M | 40.28M | 61.53M | 76.34M | 39.88M | 44.64M | 41.84M |
| Gross Profit Ratio | 23.70% | 37.87% | 43.90% | 7.25% | 16.43% | 24.01% | 13.07% | -21.35% | -30.88% | 25.36% | 31.32% | 38.23% | 68.24% | 68.57% | 87.25% | 77.63% | 67.77% | 66.09% | 66.39% | 82.23% | 100.00% | 100.00% | 100.00% | 100.00% | 99.01% | 99.11% | 99.29% |
| 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 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 18.08M | 20.38M | 18.15M | 13.72M | 14.12M | 14.71M | 12.56M | 12.73M | 12.47M | 5.04M | 4.94M | 4.26M | 0.00 | 3.02M | 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 |
| Selling & Marketing | 600.00K | 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 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 18.68M | 20.38M | 18.15M | 13.72M | 14.12M | 14.71M | 12.56M | 12.73M | 12.47M | 5.04M | 4.94M | 4.26M | 3.53M | 3.02M | 20.65M | 1.54M | 1.48M | 1.49M | 988.00K | 1.11M | 864.10K | 805.43K | 800.92K | 807.36K | 841.02K | 841.14K | 708.30K |
| Other Expenses | 2.59M | 413.00K | 2.01M | -2.97M | 1.17M | -4.39M | 501.00K | -1.86M | -9.63M | -737.00K | -508.00K | -475.00K | 22.76M | 19.57M | 14.34M | 13.71M | 45.43M | 52.97M | 50.79M | 41.33M | 17.59M | 17.59M | 17.59M | 17.59M | 17.59M | 17.59M | 14.86M |
| Operating Expenses | 18.68M | 20.79M | 20.16M | 10.76M | 15.29M | 11.72M | 8.68M | 14.53M | 17.20M | 5.04M | 4.94M | 4.26M | 26.29M | 22.59M | 35.00M | 15.25M | 46.91M | 54.46M | 51.78M | 42.44M | 18.46M | 18.40M | 18.39M | 18.40M | 18.43M | 18.43M | 15.56M |
| Cost & Expenses | 697.16M | 712.55M | 695.17M | 574.65M | 605.14M | 510.24M | 408.57M | 327.38M | 265.40M | 77.23M | 30.72M | 27.31M | 56.30M | 52.73M | 43.58M | 33.80M | 75.33M | 90.31M | 85.45M | 66.55M | 18.46M | 18.40M | 18.39M | 18.40M | 18.83M | 18.83M | 15.86M |
| Interest Income | 4.72M | 2.35M | 484.00K | 1.19M | 4.43M | 7.58M | 2.21M | 1.67M | 849.00K | 29.00K | 41.00K | 106.00K | 52.00K | 54.00K | 123.00K | 2.34M | 1.03M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 103.66M | 56.25M | 39.91M | 47.48M | 59.55M | 75.11M | 59.84M | 44.17M | 28.27M | 2.53M | 2.83M | 3.77M | 4.96M | 3.94M | 1.90M | 3.22M | 6.37M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 900.00K | 2.00M |
| Depreciation & Amortization | 135.55M | 129.84M | 123.70M | 111.30M | 93.85M | 92.15M | 78.09M | 63.43M | 54.29M | 20.25M | 11.64M | 21.36M | 22.76M | 20.37M | 14.53M | 13.71M | 17.16M | 17.19M | 17.19M | 17.22M | 17.59M | 17.59M | 17.59M | 17.59M | 17.59M | 17.59M | 14.86M |
| EBITDA | 352.02M | 530.74M | 691.22M | 21.24M | 190.82M | 252.02M | 131.02M | -18.54M | -139.22M | 18.65M | 17.90M | 20.76M | 60.37M | 62.06M | 37.92M | 64.98M | 108.23M | 69.72M | 66.40M | 110.94M | 74.38M | 39.47M | 60.73M | 75.53M | 39.43M | 43.80M | 39.43M |
| EBITDA Ratio | 39.74% | 51.57% | 54.45% | 21.56% | 28.45% | 36.84% | 29.75% | -2.91% | -15.96% | 40.35% | 47.93% | 83.08% | 64.57% | 67.01% | 57.31% | 76.00% | 34.23% | 30.89% | 31.94% | 63.64% | 99.41% | 99.05% | 99.38% | 99.55% | 97.91% | 96.13% | 93.57% |
| Operating Income | 188.61M | 435.09M | 513.61M | 19.77M | 100.66M | 145.01M | 50.08M | -70.26M | -239.15M | 19.49M | 6.82M | 10.01M | 38.21M | 43.17M | 23.76M | 49.12M | 90.37M | 51.27M | 48.40M | 93.25M | 56.79M | 21.88M | 43.14M | 57.94M | 21.84M | 26.61M | 26.57M |
| Operating Income Ratio | 21.29% | 39.08% | 42.69% | 3.25% | 14.26% | 22.10% | 10.89% | -27.25% | -126.11% | 20.15% | 18.18% | 26.82% | 40.43% | 45.01% | 35.28% | 59.24% | 102.50% | 48.49% | 48.31% | 68.72% | 75.47% | 54.32% | 70.11% | 75.90% | 54.23% | 59.07% | 63.06% |
| Total Other Income/Expenses | -75.80M | 27.14M | 14.00M | -75.88M | -63.23M | -60.25M | -52.37M | -57.61M | 14.26M | -3.23M | -3.29M | -4.13M | 1.61M | -3.41M | -2.08M | -1.06M | -90.37M | -51.27M | -48.40M | -7.42M | -421.30K | -421.41K | -421.66K | -463.62K | -400.00K | 500.00K | 1.70M |
| Income Before Tax | 112.81M | 462.23M | 527.61M | -137.54M | 37.43M | 84.77M | -2.29M | -127.87M | -220.65M | 16.25M | 3.53M | 5.87M | 32.65M | 38.56M | 23.45M | 48.93M | 12.83M | 15.42M | 14.73M | 69.15M | 56.37M | 21.46M | 42.72M | 57.47M | 21.44M | 27.11M | 28.27M |
| Income Before Tax Ratio | 12.74% | 41.51% | 43.85% | -22.62% | 5.30% | 12.92% | -0.50% | -49.60% | -116.36% | 16.81% | 9.40% | 15.74% | 34.55% | 40.21% | 34.83% | 59.02% | 14.55% | 14.58% | 14.70% | 50.96% | 74.91% | 53.27% | 69.42% | 75.29% | 53.24% | 60.18% | 67.10% |
| Income Tax Expense | 541.00K | 379.00K | 389.00K | 131.00K | 237.00K | 232.00K | 56.00K | -155.00K | 189.00K | 258.00K | 7.43M | 59.31M | 657.00K | 724.00K | 485.00K | -1.97M | -71.82M | -30.25M | -29.15M | -16.71M | 9.75M | 9.75M | 9.65M | 9.68M | 9.27M | 8.32M | 5.09M |
| Net Income | 112.27M | 461.85M | 527.22M | -137.67M | 37.19M | 84.53M | -2.35M | -127.71M | -220.84M | 16.00M | -3.90M | -53.43M | 32.65M | 38.56M | 21.68M | 48.05M | 84.84M | 45.72M | 43.97M | 85.84M | 47.46M | 12.55M | 33.92M | 48.72M | 12.57M | 17.39M | 19.48M |
| Net Income Ratio | 12.67% | 41.48% | 43.82% | -22.65% | 5.27% | 12.88% | -0.51% | -49.54% | -116.46% | 16.54% | -10.40% | -143.18% | 34.55% | 40.21% | 32.20% | 57.96% | 96.23% | 43.24% | 43.89% | 63.26% | 63.07% | 31.16% | 55.12% | 63.83% | 31.22% | 38.60% | 46.23% |
| EPS | 0.56 | 2.30 | 2.74 | -0.96 | 0.26 | 0.59 | -0.02 | -1.34 | -7.30 | 1.38 | -0.70 | -10.07 | 6.17 | 9.30 | 5.85 | 12.94 | 22.84 | 12.29 | 11.83 | 23.11 | 12.80 | 3.36 | 9.12 | 13.12 | 3.41 | 4.70 | 7.41 |
| EPS Diluted | 0.56 | 2.30 | 2.73 | -0.96 | 0.26 | 0.59 | -0.02 | -1.34 | -7.30 | 1.38 | -0.70 | -10.01 | 6.12 | 9.30 | 5.85 | 12.94 | 22.84 | 12.29 | 11.83 | 23.11 | 12.80 | 3.36 | 9.12 | 13.12 | 3.41 | 4.70 | 7.41 |
| Weighted Avg Shares Out | 199.92M | 200.69M | 192.36M | 143.57M | 143.79M | 144.13M | 125.02M | 95.24M | 30.24M | 11.39M | 5.56M | 5.31M | 5.30M | 4.15M | 3.71M | 3.71M | 3.71M | 3.72M | 3.72M | 3.71M | 3.71M | 3.71M | 3.71M | 3.71M | 3.71M | 3.71M | 2.63M |
| Weighted Avg Shares Out (Dil) | 200.48M | 201.19M | 192.97M | 143.57M | 143.88M | 144.43M | 125.02M | 95.24M | 30.27M | 11.42M | 5.60M | 5.34M | 5.34M | 4.15M | 3.71M | 3.71M | 3.71M | 3.72M | 3.72M | 3.71M | 3.71M | 3.71M | 3.71M | 3.71M | 3.71M | 3.71M | 2.63M |
GOGL – Invitation to presentation of Q3 2023 Results
Golden Ocean Group Limited (the “Company) will publish its financial results for the third quarter of 2023 on Tuesday November 21, 2023. In connection with the release, a conference call and webcast will be held as described below: Conference call...
Golden Ocean Group (GOGL) May Find a Bottom Soon, Here's Why You Should Buy the Stock Now
Golden Ocean Group (GOGL) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates...
GOGL – Renewal of share buy-back program
Reference is made to the announcement by the Board of Directors in Golden Ocean Group Limited (OSE/NASDAQ: GOGL) dated 4 October 2022 regarding the establishment of a share buy-back program for a maximum period of 12 months. The Company has repurchased...
5 High-Yield Stocks in Sarah Ketterer's Portfolio
Investing in companies that pay dividends while prices are down is one way investors can hedge their portfolios against inflation and other headwinds. While there is always a risk of the dividend being cut, historically, dividend-paying companies have been found...
5 High-Yielding Stocks in Sarah Ketterer's Portfolio
Investing in companies that pay dividends while prices are down is one way investors can hedge their portfolios against inflation and other headwinds. While there is always a risk of the dividend being cut, historically, dividend-paying companies have been found...
GOGL - Company Presentation, September 2023
CFO Peder Simonsen will be presenting Golden Ocean Group Limited at Pareto Securities' 30th Energy Conference today, September 21, 2023. This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.
Golden Ocean Group: Buy This Stock For Solid Dividend And Upside
Golden Ocean is a global dry bulk shipping company that has recently experienced a downturn in its financials due to macroeconomic pressures. The company can sustain dividend payments as a result of the gradual rebound in the industry demand, which...
Golden Ocean Group Limited (GOGL) Q2 2023 Earnings Call Transcript
Golden Ocean Group Limited (NASDAQ:GOGL ) Q2 2023 Earnings Conference Call August 29, 2023 9:00 AM ET Company Participants Lars-Christian Svensen - Interim CEO Peder Simonsen - Chief Financial Officer Conference Call Participants Omar Nokta - Jefferies Operator Good day,...
Golden Ocean Group (GOGL) Q2 Earnings and Revenues Beat Estimates
Golden Ocean Group (GOGL) came out with quarterly earnings of $0.13 per share, beating the Zacks Consensus Estimate of $0.09 per share. This compares to earnings of $0.81 per share a year ago.
GOGL – Q2 2023 Presentation
Please find enclosed the presentation of Golden Ocean Group Limited's second quarter 2023 results for today's webcast / conference call at 15:00 CEST.
Source: https://incomestatements.info
Category: Stock Reports