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Income Statement
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Common Size IS
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Seaspan CORP (SSW)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-17Dec-31-16Dec-31-15Dec-31-14Dec-31-13Dec-31-12Dec-31-11Dec-31-10
   20-F20-F20-F20-F20-F20-F20-F20-F
Revenue  831.3877.9819.0717.2677.1660.8565.6407.2
            Revenue growth  -5.3%7.2%14.2%5.9%2.5%16.8%38.9%42.6%
Operating expenses:          
Ship operating  183.9192.3193.8166.1150.1   
Cost of services, supervision fees  1.37.42.0     
Depreciation and amortization  199.9216.1204.9181.5172.5165.5140.4101.0
General and administrative  40.132.127.340.039.227.816.89.6
Operating leases (note 12)  115.585.940.3     
Loss (gain) on disposals (note 6)  -13.631.9   -9.816.2 
Expenses related to customer bankruptcy  1.019.7      
Vessel impairments   285.2      
    Total operating expenses  528.2870.6468.3387.6    
    Operating earnings  303.17.3350.8329.5315.4338.6256.5188.5
            Operating margin  36.5%0.8%42.8%46.0%46.6%51.2%45.4%46.3%
   
Other expenses (income):          
Interest expense and amortization of deferred financing fees  -116.4-119.9-108.7-98.5-60.5-72.0-50.8-28.8
Interest income  -4.6-8.5-11.0-10.7-2.0-1.2-0.9 
Undrawn credit facility fees  2.22.73.13.12.71.54.34.5
Refinancing expenses   2.05.80.1    
Change in fair value of financial instruments (note 19(c))  12.629.154.6105.7-60.5136.0281.0241.0
Equity income on investment (note 8)  -5.8-0.2-5.1-0.30.70.31.2 
Other expense (income)  7.11.3-4.61.81.5-0.2-339.9-276.2
Total other expenses (income)  127.9146.3151.4-198.3-16.3-217.3-339.9-276.2
    Net earnings (loss)  175.2-139.0199.4131.2299.0121.3-83.4-87.7
   
Earnings (loss) per share (note 14):          
Class A common share, basic  $0.94($1.89)$1.46$0.80$3.36$0.84($2.04)($1.70)
Class A common share, diluted  $0.94($1.89)$1.46$0.79$2.93$0.81($2.04)($1.70)

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