See more : Euronext N.V. (ENX.PA) 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 |
International Seaways Reports Third Quarter 2023 Results
NEW YORK--(BUSINESS WIRE)--International Seaways, Inc. (NYSE: INSW) (the “Company”, “Seaways”, or “INSW”), one of the largest tanker companies worldwide providing energy transportation services for crude oil and petroleum products, today reported results for the third quarter 2023. HIGHLIGHTS & RECENT...
Analysts Estimate International Seaways (INSW) to Report a Decline in Earnings: What to Look Out for
International Seaways (INSW) 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.
Here's Why 'Trend' Investors Would Love Betting on International Seaways (INSW)
International Seaways (INSW) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength"...
International Seaways to Announce Third Quarter 2023 Results on November 7, 2023
NEW YORK--(BUSINESS WIRE)--International Seaways, Inc. (NYSE: INSW) (the “Company” or “INSW”) announced today that it plans to release third quarter 2023 results before market open on Tuesday, November 7, 2023. The Company will host a conference call for investors at...
International Seaways (INSW) Upgraded to Buy: What Does It Mean for the Stock?
International Seaways (INSW) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
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International Seaways: It's Time To Jump Onboard - Strong Buy
International Seaways stock has increased by 46% in the last year and has a strong financial position. Q2 2023 saw a significant increase in revenues, driven by higher day rates for crude tankers. The company is trading at a discount...
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Category: Stock Reports