See more : HKS Co., Ltd. (7219.T) Income Statement Analysis – Financial Results
Complete financial analysis of International Seaways, Inc. (INSW) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of International Seaways, Inc., a leading company in the Oil & Gas Midstream industry within the Energy sector.
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International Seaways, Inc. (INSW)
About International Seaways, Inc.
International Seaways, Inc. owns and operates a fleet of oceangoing vessels for the transportation of crude oil and petroleum products in the international flag trade. It operates in two segments, Crude Tankers and Product Carriers. As of December 31, 2021, the company owned and operated a fleet of 83 vessels, which include 12 chartered-in vessels, as well as had ownership interests in two floating storage and offloading service vessels. It serves independent and state-owned oil companies, oil traders, refinery operators, and international government entities. The company was formerly known as OSG International, Inc. and changed its name to International Seaways, Inc. in October 2016. International Seaways, Inc. was incorporated in 1999 and is headquartered in New York, New York.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.07B | 864.67M | 272.55M | 421.65M | 366.18M | 270.36M | 290.10M | 398.32M | 497.63M | 517.02M | 585.36M |
| Cost of Revenue | 444.24M | 394.15M | 310.35M | 252.47M | 282.64M | 279.60M | 276.89M | 272.51M | 284.22M | 449.69M | 583.22M |
| Gross Profit | 627.54M | 470.52M | -37.81M | 169.18M | 83.55M | -9.24M | 13.21M | 125.81M | 213.41M | 67.33M | 2.14M |
| Gross Profit Ratio | 58.55% | 54.42% | -13.87% | 40.12% | 22.82% | -3.42% | 4.55% | 31.58% | 42.88% | 13.02% | 0.37% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 47.47M | 46.35M | 33.26M | 29.05M | 26.80M | 24.30M | 25.34M | 40.66M | 41.56M | 56.01M | 69.85M |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 47.47M | 46.35M | 33.26M | 29.05M | 26.80M | 24.30M | 25.34M | 40.66M | 41.56M | 56.01M | 69.85M |
| Other Expenses | -35.37M | 2.33M | -21.00K | -71.00K | 1.25M | -3.72M | -6.34M | -966.00K | 66.00K | -45.00K | 435.00K |
| Operating Expenses | 12.11M | 46.35M | 33.24M | 28.98M | 28.04M | 24.30M | 25.34M | 40.66M | 41.56M | 56.01M | 69.85M |
| Cost & Expenses | 456.34M | 440.50M | 343.59M | 281.45M | 310.68M | 303.91M | 302.23M | 313.18M | 325.78M | 505.70M | 653.07M |
| Interest Income | 13.96M | 3.65M | 104.00K | 558.00K | 2.77M | 1.30M | 676.00K | 376.00K | 66.00K | 0.00 | 0.00 |
| Interest Expense | 65.76M | 57.72M | 36.80M | 36.71M | 66.27M | 60.23M | 40.44M | 39.48M | 42.97M | 56.26M | 350.00K |
| Depreciation & Amortization | 129.04M | 111.23M | 89.10M | 74.34M | 75.65M | 72.43M | 78.85M | 79.89M | 81.65M | 84.93M | 108.68M |
| EBITDA | 744.37M | 558.19M | -17.52M | 100.87M | 138.67M | 43.12M | 13.93M | 101.06M | 297.93M | 22.83M | -610.56M |
| EBITDA Ratio | 69.45% | 62.17% | 11.57% | 48.82% | 38.62% | 23.89% | 37.69% | 45.42% | 60.11% | 25.93% | 13.40% |
| Operating Income | 615.43M | 443.37M | -55.15M | 131.50M | 66.38M | -25.10M | -59.26M | 22.79M | 221.87M | 42.48M | -415.39M |
| Operating Income Ratio | 57.42% | 51.28% | -20.23% | 31.19% | 18.13% | -9.28% | -20.43% | 5.72% | 44.59% | 8.22% | -70.96% |
| Total Other Income/Expenses | -55.11M | -55.39M | -20.91M | -49.53M | -67.21M | -63.95M | -47.07M | -23.72M | -48.56M | -160.83M | -304.20M |
| Income Before Tax | 560.32M | 387.98M | -133.04M | -5.53M | -829.00K | -89.05M | -106.04M | -17.78M | 173.31M | -118.36M | -719.59M |
| Income Before Tax Ratio | 52.28% | 44.87% | -48.81% | -1.31% | -0.23% | -32.94% | -36.55% | -4.46% | 34.83% | -22.89% | -122.93% |
| Income Tax Expense | 3.88M | 88.00K | 1.62M | 1.00K | 1.00K | -105.00K | 44.00K | 440.00K | 140.00K | 744.00K | 4.22M |
| Net Income | 556.45M | 387.89M | -134.66M | -5.53M | -830.00K | -88.94M | -106.09M | -18.22M | 173.17M | -119.10M | -723.81M |
| Net Income Ratio | 51.92% | 44.86% | -49.41% | -1.31% | -0.23% | -32.90% | -36.57% | -4.57% | 34.80% | -23.04% | -123.65% |
| EPS | 11.35 | 7.86 | -3.51 | -0.19 | -0.03 | -3.05 | -3.64 | -0.62 | 5.94 | -4.08 | -24.82 |
| EPS Diluted | 11.25 | 7.78 | -3.51 | -0.19 | -0.03 | -3.05 | -3.64 | -0.62 | 5.94 | -4.08 | -24.82 |
| Weighted Avg Shares Out | 48.98M | 49.38M | 38.41M | 28.37M | 29.23M | 29.14M | 29.15M | 29.16M | 29.16M | 29.16M | 29.16M |
| Weighted Avg Shares Out (Dil) | 49.43M | 49.84M | 38.41M | 28.37M | 29.23M | 29.14M | 29.16M | 29.16M | 29.16M | 29.16M | 29.16M |
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