See more : Systematix Corporate Services Limited (SYSTMTXC.BO) 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)
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: Raised Dividend By 20%, Very Undervalued
Global Ship Lease has secured long-term fixed charter rates, providing income investors with dividend visibility, and has $1.8B in contracts covering 2.2 years. GSL's Q2 '24 results show strong financial performance with increases in net income, EBITDA, and EPS, alongside...
Global Ship Lease Provides Update on Refinancing Activity
Newly established $300 million senior secured facility enables comprehensive refinancing to streamline outstanding debt, extend maturities, improve cost of debt, and increase number of unencumbered vessels in GSL fleet. Newly established $300 million senior secured facility enables comprehensive refinancing to...
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Global Ship Lease, Inc. (GSL) Q2 2024 Earnings Call Transcript
Start Time: 10:30 January 1, 0000 11:00 AM ET Global Ship Lease, Inc. (NYSE:GSL ) Q2 2024 Earnings Conference Call August 05, 2024, 10:30 PM ET Company Participants Tom Lister - Chief Executive Officer George Youroukos - Executive Chairman Tassos...
Global Ship Lease (GSL) Beats Q2 Earnings and Revenue Estimates
Global Ship Lease (GSL) came out with quarterly earnings of $2.46 per share, beating the Zacks Consensus Estimate of $2.27 per share. This compares to earnings of $2.09 per share a year ago.
Global Ship Lease Reports Results for the Second Quarter of 2024
Significant up-lift in forward contract cover, Supplemental Dividend increases quarterly dividend by 20% to $0.45 per common share, well-positioned for counter-cyclical opportunities when they arise Significant up-lift in forward contract cover, Supplemental Dividend increases quarterly dividend by 20% to $0.45...
Global Ship Lease (GSL) Reports Next Week: Wall Street Expects Earnings Growth
Global Ship Lease (GSL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Global Ship Lease Announces Second Quarter 2024 Earnings Release, Conference Call and Webcast
ATHENS, Greece, July 22, 2024 (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 2024 on Monday, August...
Global Ship Lease: I'm Still Staying Away From The Preferred Shares
Global Ship Lease's preferred shares were previously trading at a premium, making them unappealing due to potential call risk. Despite strong cash flow and coverage for preferred dividends, the preferred shares remain unattractive at current premium levels. The Series B...
Global Ship Lease: Most Likely Still Marginally Undervalued, A Moderate Buy
Global Ship Lease stock appears undervalued by various valuation methods, with potential intrinsic values ranging from $30 to $90+. GSL's financials show robust growth, with increasing revenues, EBITDA, and free cash flows, exceeding EPS forecasts in eighteen of the last...
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