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

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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 Declares Quarterly Dividend on its 8.75% Series B Cumulative Redeemable Perpetual Preferred Shares

December 6, 2023globenewswire.com

LONDON, Dec. 06, 2023 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE:GSL) (the “Company”) announced today that the Company's Board of Directors has declared a cash dividend of $0.546875 per depositary share, each representing a 1/100th interest in a share...

Global Ship Lease Remains One Of My Top Holdings - Here's Why

December 1, 2023seekingalpha.com

Global Ship Lease posted robust Q3 results came in robust, with its containership producing highly profitable cash flows. The company strategically allocates these cash flows by skillfully balancing deleveraging efforts with tangible shareholder returns. With multi-year leases set to sustain...

These 3 Dividend Stocks Yield Over 10% AND Have Triple-Digit Upside

November 20, 2023investorplace.com

Dividend stocks often get a bad rap as being boring, stodgy companies that offer stability but little in the way of market-beating returns. It's true.

Global Ship Lease, Inc. (GSL) Q3 2023 Earnings Call Transcript

November 9, 2023seekingalpha.com

Global Ship Lease, Inc. (NYSE:GSL ) Q3 2023 Earnings Conference Call November 9, 2023 10:30 AM ET Company Participants Ian Webber - Chief Executive Officer George Youroukos - Executive Chairman Tassos Psaropoulos - Chief Financial Officer Tom Lister - Chief...

Global Ship Lease Reports Results for the Third Quarter of 2023

November 9, 2023globenewswire.com

Contracted revenue of $1.81 billion, interest rate risk fully hedged, sustainable quarterly dividend of $0.375 per common share Contracted revenue of $1.81 billion, interest rate risk fully hedged, sustainable quarterly dividend of $0.375 per common share

Global Ship Lease (GSL) Advances But Underperforms Market: Key Facts

November 1, 2023zacks.com

Global Ship Lease (GSL) concluded the recent trading session at $17.63, signifying a +0.28% move from its prior day's close.

Global Ship Lease (GSL) Increases Despite Market Slip: Here's What You Need to Know

October 26, 2023zacks.com

In the closing of the recent trading day, Global Ship Lease (GSL) stood at $17.98, denoting a +0.17% change from the preceding trading day.

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

October 26, 2023globenewswire.com

LONDON, Oct. 26, 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 third quarter 2023 on Thursday, November...