Global Ship Lease, Inc. (GSL) Income Statement Analysis

See more : Nexxen International Ltd. (NEXN.L) Income Statement Analysis – Financial Results

Complete financial analysis of Global Ship Lease, Inc. (GSL) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Global Ship Lease, Inc., a leading company in the Marine Shipping industry within the Industrials sector.

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Global Ship Lease, Inc. (GSL)

Industry: Marine Shipping

Sector: Industrials

Website: https://www.globalshiplease.com

About Global Ship Lease, Inc.

Global Ship Lease, Inc. owns and charters containerships of various sizes under fixed-rate charters to container shipping companies. As of March 10, 2022, it owned 65 mid-sized and smaller containerships with an aggregate capacity of 342,348 twenty-foot equivalent units. The company was founded in 2007 and is based in London, the United Kingdom.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Revenue	666.72M	604.49M	402.52M	282.81M	261.10M	157.10M	158.99M	166.52M	164.92M	138.62M	143.21M	153.21M	156.27M	158.84M	148.71M	97.05M	335.10M	299.60M
Cost of Revenue	294.53M	269.90M	204.97M	160.96M	140.72M	86.30M	81.44M	88.50M	94.96M	89.83M	86.43M	85.93M	45.52M	42.07M	41.37M	31.92M	0.00	0.00
Gross Profit	372.19M	334.59M	197.56M	121.85M	120.38M	70.80M	77.55M	78.02M	69.96M	48.79M	56.78M	67.27M	110.75M	116.77M	107.34M	65.13M	335.10M	299.60M
Gross Profit Ratio	55.82%	55.35%	49.08%	43.08%	46.11%	45.06%	48.78%	46.85%	42.42%	35.20%	39.65%	43.91%	70.87%	73.52%	72.18%	67.11%	100.00%	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
General & Administrative	18.22M	18.53M	13.24M	8.35M	8.82M	9.22M	5.30M	6.30M	6.48M	7.02M	6.03M	5.78M	0.00	8.25M	8.75M	7.53M	17.75M	11.33M
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
SG&A	18.22M	18.53M	13.24M	8.35M	8.82M	9.22M	5.30M	6.30M	6.48M	7.02M	6.03M	5.78M	7.38M	8.25M	8.75M	7.53M	17.75M	11.33M
Other Expenses	10.75M	42.94M	48.24M	1.25M	1.48M	212.00K	-51.00K	-216.00K	-382.00K	8.58M	-411.00K	-342.00K	40.13M	40.05M	36.88M	20.88M	289.54M	252.44M
Operating Expenses	28.97M	18.53M	13.24M	8.35M	8.82M	9.22M	5.25M	6.08M	6.00M	6.51M	5.62M	5.44M	47.52M	47.92M	45.62M	28.41M	307.29M	263.77M
Cost & Expenses	323.50M	288.43M	218.21M	169.31M	149.54M	95.52M	86.69M	94.58M	100.97M	96.34M	92.05M	91.37M	93.03M	89.98M	86.99M	60.33M	307.29M	263.77M
Interest Income	9.78M	2.51M	449.00K	956.00K	1.79M	1.43M	489.00K	198.00K	62.00K	64.00K	44.00K	79.00K	56.00K	185.00K	519.00K	837.00K	2.55M	11.91M
Interest Expense	44.82M	75.29M	69.23M	65.35M	74.99M	48.69M	59.39M	44.77M	48.15M	43.87M	18.85M	21.18M	20.56M	23.83M	24.22M	21.44M	13.56M	15.06M
Depreciation & Amortization	91.73M	81.30M	61.56M	46.44M	45.85M	35.46M	37.98M	42.81M	42.74M	38.94M	38.27M	38.22M	38.01M	37.93M	35.76M	20.83M	16.12M	16.66M
EBITDA	441.50M	449.47M	302.34M	153.40M	160.68M	26.83M	23.17M	22.52M	64.17M	91.12M	91.85M	93.58M	69.84M	59.96M	104.35M	-31.30M	46.48M	64.41M
EBITDA Ratio	66.22%	66.45%	61.89%	57.33%	61.54%	61.98%	68.54%	67.76%	64.73%	64.82%	62.47%	65.36%	66.18%	68.68%	66.94%	60.23%	13.87%	21.50%
Operating Income	343.22M	354.19M	237.52M	104.76M	111.57M	-10.26M	-15.32M	-20.48M	19.25M	42.27M	51.16M	61.83M	49.93M	51.77M	61.72M	36.72M	30.15M	47.74M
Operating Income Ratio	51.48%	58.59%	59.01%	37.04%	42.73%	-6.53%	-9.64%	-12.30%	11.67%	30.50%	35.72%	40.36%	31.95%	32.60%	41.50%	37.84%	9.00%	15.93%
Total Other Income/Expenses	-38.27M	-61.31M	-65.97M	-63.15M	-71.73M	-118.88M	-146.50M	-136.78M	-92.32M	-36.09M	-18.55M	-29.78M	-54.09M	-72.39M	-18.90M	-73.15M	-13.35M	-15.06M
Income Before Tax	304.95M	292.88M	171.55M	41.61M	39.84M	-57.31M	-74.23M	-65.05M	-28.84M	6.19M	32.62M	32.06M	9.15M	-3.92M	42.82M	-36.43M	16.80M	32.68M
Income Before Tax Ratio	45.74%	48.45%	42.62%	14.71%	15.26%	-36.48%	-46.69%	-39.06%	-17.49%	4.46%	22.77%	20.92%	5.85%	-2.47%	28.79%	-37.54%	5.01%	10.91%
Income Tax Expense	448.00K	-50.00K	56.00K	49.00K	3.00K	55.00K	40.00K	46.00K	38.00K	75.00K	97.00K	128.00K	74.00K	52.00K	444.00K	125.00K	20.00K	0.00
Net Income	304.50M	292.93M	171.50M	41.56M	39.84M	-57.36M	-74.27M	-65.10M	-28.88M	6.11M	32.52M	31.93M	9.07M	-3.97M	42.37M	-36.55M	16.78M	32.68M
Net Income Ratio	45.67%	48.46%	42.60%	14.70%	15.26%	-36.52%	-46.71%	-39.09%	-17.51%	4.41%	22.71%	20.84%	5.80%	-2.50%	28.49%	-37.66%	5.01%	10.91%
EPS	8.33	7.74	4.65	2.32	1.45	-7.71	-10.73	-9.42	-4.19	0.80	5.44	5.36	1.52	-0.58	6.32	-7.10	1.34K	2.62K
EPS Diluted	8.21	7.62	4.60	2.31	1.45	-7.71	-10.73	-9.42	-4.19	0.80	5.44	5.36	1.52	-0.58	6.24	-7.10	1.34K	2.62K
Weighted Avg Shares Out	35.41M	36.60M	35.13M	17.94M	12.11M	7.44M	6.92M	6.91M	6.90M	5.96M	5.95M	5.94M	5.91M	6.79M	6.73M	5.15M	12.50K	12.50K
Weighted Avg Shares Out (Dil)	35.93M	37.20M	35.51M	18.00M	12.16M	7.44M	6.92M	6.91M	6.90M	5.98M	5.97M	5.95M	5.93M	6.79M	6.77M	5.15M	12.50K	12.50K

Global Ship Lease Reports Results for the Second Quarter of 2023

August 3, 2023globenewswire.com

Recent acquisitions come online, interest rate risk fully hedged, credit rating and outlook upgrades, sustainable quarterly dividend of $0.375 per common share Recent acquisitions come online, interest rate risk fully hedged, credit rating and outlook upgrades, sustainable quarterly dividend of...

What's in Store for Global Ship Lease (GSL) in Q2 Earnings?

July 31, 2023zacks.com

A decline in fuel costs is likely to have aided Global Ship Lease's (GSL) bottom line in Q2.

Global Ship Lease: The 8.7% Preferred Dividend Is Well-Covered

July 22, 2023seekingalpha.com

Global Ship Lease is still benefiting from the historical tailwinds in the container shipping sector. The preferred dividends are very well covered. There is about $900M in common equity ranked junior to the preferred shares.

Buy These 3 High-Yield Stocks for Passive Income

July 21, 2023zacks.com

It's common for companies to increase their payouts when business is fruitful, making them enticing investments for income-focused investors from a shorter-term perspective.

Global Ship Lease Announces Second Quarter 2023 Earnings Release, Conference Call and Webcast

July 20, 2023globenewswire.com

LONDON, July 20, 2023 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE:GSL) (the “Company”), a containership charter owner, announced today that it will hold a conference call to discuss the Company's results for the second quarter 2023 on Thursday, August...

Readers Reveal 30 June Dividend Buys

July 19, 2023seekingalpha.com

Prior to June 30, 2023, my readers mentioned 42 equities in their comments on my articles. Some bad-news investments (Rogues) mixed with (mostly) Favorites. Thus, these are ReFa/Ro. Ten analyst-target-estimated TOP-NET-GAIN Re/Fa/Ro: GGB, PFE, VFC, SB, GSL, BTI, PDM, PBR,...

Is Trending Stock Global Ship Lease, Inc. (GSL) a Buy Now?

July 7, 2023zacks.com

Zacks.com users have recently been watching Global Ship Lease (GSL) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

Best Income Stocks to Buy for June 27th

June 27, 2023zacks.com

GSL, AAN and PCRFY made it to the Zacks Rank #1 (Strong Buy) income stocks list on June 27, 2023.

Is Global Ship Lease (GSL) Stock Undervalued Right Now?

June 26, 2023zacks.com

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...