See more : Permascand Top Holding AB (publ) (PSCAND.ST) Income Statement Analysis – Financial Results
Complete financial analysis of Safe Bulkers, Inc. (SB) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Safe Bulkers, Inc., a leading company in the Marine Shipping industry within the Industrials sector.
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Safe Bulkers, Inc. (SB)
About Safe Bulkers, Inc.
Safe Bulkers, Inc., together with its subsidiaries, provides marine drybulk transportation services. It owns and operates drybulk vessels for transporting bulk cargoes primarily coal, grain, and iron ore. As of March 18, 2022, the company had a fleet of 40 drybulk vessels having an average age of 10.4 years; and an aggregate carrying capacity of 3,925,500 deadweight tons. Its fleet consisted of 12 Panamax class vessels, 7 Kamsarmax class vessels, 15 post- Panamax class vessels, and 6 Capesize class vessels. Safe Bulkers, Inc. was incorporated in 2007 and is based in Monaco.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 284.40M | 349.72M | 329.03M | 198.16M | 197.76M | 193.19M | 148.03M | 109.77M | 127.32M | 154.09M | 186.72M | 184.30M | 168.91M | 157.02M | 164.61M | 200.77M | 165.85M | 95.31M |
| Cost of Revenue | 165.00M | 139.70M | 134.17M | 165.94M | 132.59M | 117.96M | 108.15M | 106.68M | 120.46M | 113.15M | 89.57M | 74.08M | 28.05M | 23.74M | 20.21M | 17.89M | 0.00 | 0.00 |
| Gross Profit | 119.41M | 210.02M | 194.87M | 32.22M | 65.17M | 75.23M | 39.88M | 3.09M | 6.86M | 40.95M | 97.16M | 110.22M | 140.86M | 133.28M | 144.40M | 182.88M | 165.85M | 95.31M |
| Gross Profit Ratio | 41.98% | 60.05% | 59.22% | 16.26% | 32.95% | 38.94% | 26.94% | 2.81% | 5.39% | 26.57% | 52.03% | 59.81% | 83.39% | 84.88% | 87.73% | 91.09% | 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 | 23.76M | 21.80M | 22.50M | 21.50M | 20.64M | 19.24M | 16.12M | 15.38M | 14.62M | 13.33M | 11.36M | 9.95M | 0.00 | 7.02M | 7.05M | 8.05M | 0.00 | 0.00 |
| 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 | -2.61M | 0.00 | 0.00 | 0.00 |
| SG&A | 23.76M | 21.80M | 22.50M | 21.50M | 20.64M | 19.24M | 16.12M | 15.38M | 14.62M | 13.33M | 11.36M | 9.95M | 8.49M | 7.02M | 7.05M | 8.05M | 1.18M | 1.01M |
| Other Expenses | -8.51M | 3.57M | 0.00 | -241.00K | 414.00K | 20.40M | 15.36M | 12.94M | -1.43M | -4.00M | 13.23M | 12.02M | 23.64M | 19.67M | 37.20M | 10.61M | 66.38M | 11.81M |
| Operating Expenses | 15.26M | 25.37M | 22.50M | 21.50M | 21.05M | 19.24M | 16.51M | 14.59M | 14.62M | 13.33M | 11.36M | 9.95M | 32.13M | 26.69M | -33.31M | 37.11M | 67.55M | 12.82M |
| Cost & Expenses | 180.25M | 165.07M | 156.66M | 187.44M | 153.65M | 137.20M | 124.66M | 121.27M | 135.08M | 126.48M | 100.93M | 84.02M | 60.18M | 50.43M | -13.11M | 37.11M | 67.55M | 12.82M |
| Interest Income | 2.50M | 783.00K | 69.00K | 604.00K | 1.56M | 929.00K | 799.00K | 515.00K | 86.00K | 821.00K | 1.01M | 1.12M | 1.05M | 2.63M | 2.16M | 1.49M | 1.29M | 775.00K |
| Interest Expense | 27.94M | 17.14M | 14.72M | 21.23M | 26.82M | 25.71M | 23.22M | 19.58M | 11.65M | 8.34M | 9.09M | 9.07M | 5.25M | 6.75M | 10.78M | 16.39M | 8.23M | 6.14M |
| Depreciation & Amortization | 54.13M | 49.52M | 52.36M | 54.27M | 50.31M | 48.07M | 51.42M | 49.49M | 47.13M | 43.08M | 37.39M | 32.25M | 23.64M | 19.94M | 13.89M | 10.61M | 9.75M | 9.73M |
| EBITDA | 156.19M | 234.17M | 232.20M | 64.75M | 94.36M | 103.95M | -7.57M | 17.89M | 13.87M | 70.54M | 133.22M | 138.67M | 119.21M | 135.74M | 189.75M | 146.22M | 122.83M | 92.22M |
| EBITDA Ratio | 54.92% | 52.06% | 51.28% | 4.40% | 47.24% | 52.91% | 14.31% | -14.38% | -9.53% | 14.17% | 45.27% | 53.66% | 87.12% | 85.77% | 118.64% | 101.52% | 74.06% | 102.57% |
| Operating Income | 104.15M | 132.55M | 116.38M | -45.55M | 44.05M | 55.89M | -69.30M | -31.41M | -32.02M | 26.72M | 92.85M | 111.95M | 108.94M | 121.92M | 177.71M | 163.66M | 233.40M | 108.13M |
| Operating Income Ratio | 36.62% | 37.90% | 35.37% | -22.99% | 22.27% | 28.93% | -46.82% | -28.61% | -25.15% | 17.34% | 49.72% | 60.75% | 64.49% | 77.65% | 107.96% | 81.52% | 140.73% | 113.45% |
| Total Other Income/Expenses | -26.80M | -12.09M | -17.07M | -23.38M | -28.01M | -28.20M | -15.38M | -24.56M | -15.93M | -12.08M | -9.59M | -15.83M | -14.79M | -8.15M | -12.30M | -44.45M | 90.64M | -5.54M |
| Income Before Tax | 77.35M | 172.55M | 174.35M | -12.91M | 16.04M | 27.68M | -84.68M | -55.97M | -47.94M | 14.63M | 83.26M | 96.12M | 94.15M | 113.77M | 248.98M | 133.55M | 218.61M | 102.59M |
| Income Before Tax Ratio | 27.20% | 49.34% | 52.99% | -6.51% | 8.11% | 14.33% | -57.20% | -50.98% | -37.66% | 9.50% | 44.59% | 52.16% | 55.74% | 72.46% | 151.26% | 66.52% | 131.81% | 107.64% |
| Income Tax Expense | 0.00 | -49.52M | -37.65M | -33.28M | 26.82M | 28.20M | 15.38M | 24.56M | 15.93M | 12.08M | 9.59M | 15.83M | 19.20M | 12.28M | 12.30M | 44.45M | 21.73M | 10.90M |
| Net Income | 77.35M | 172.55M | 174.35M | 20.37M | -10.78M | 27.68M | -84.68M | -55.97M | -47.94M | 14.63M | 83.26M | 96.12M | 89.73M | 109.65M | 165.41M | 119.21M | 211.68M | 97.22M |
| Net Income Ratio | 27.20% | 49.34% | 52.99% | 10.28% | -5.45% | 14.33% | -57.20% | -50.98% | -37.66% | 9.50% | 44.59% | 52.16% | 53.13% | 69.83% | 100.49% | 59.38% | 127.63% | 102.01% |
| EPS | 0.61 | 1.36 | 1.44 | 0.20 | -0.11 | 0.27 | -0.84 | -0.66 | -0.57 | 0.06 | 1.05 | 1.27 | 1.29 | 1.73 | 3.03 | 2.19 | 3.84 | 1.78 |
| EPS Diluted | 0.61 | 1.36 | 1.44 | 0.20 | -0.11 | 0.27 | -0.84 | -0.66 | -0.57 | 0.06 | 1.05 | 1.27 | 1.29 | 1.73 | 3.03 | 2.19 | 3.84 | 1.78 |
| Weighted Avg Shares Out | 113.62M | 120.65M | 113.72M | 102.62M | 101.69M | 101.60M | 100.93M | 84.53M | 83.48M | 83.45M | 77.50M | 75.47M | 69.46M | 63.30M | 54.51M | 54.50M | 54.50M | 54.50M |
| Weighted Avg Shares Out (Dil) | 113.62M | 120.65M | 113.72M | 102.62M | 101.69M | 101.60M | 100.93M | 84.53M | 83.48M | 83.45M | 77.50M | 75.47M | 69.46M | 63.30M | 54.51M | 54.50M | 54.50M | 54.50M |
Safe Bulkers: A Dry Bulk Shipping Value Opportunity
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