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International Seaways, Inc. (INSW)

Income Statement Business | Product

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsJun-30-23Dec-31-22Sep-30-22Jun-30-22Mar-31-22Dec-31-21Sep-30-21Jun-30-21
   10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Revenues:  
    International Crude Tankers   331.7223.2187.9158.4156.3158.9200.7
    International Product Carriers   533.0397.9281.2168.9116.375.748.9
Total revenues   864.7621.2469.2327.3272.5234.6249.6
            Revenue growth   [+] 217.3%164.8%87.9%-4.6%-35.4%-52.0%-45.8%
Cost of goods sold   284.9289.9296.9261.5223.8188.1156.1
Gross profit   579.7331.2172.265.848.846.593.5
            Gross margin   67.0%53.3%36.7%20.1%17.9%19.8%37.5%
Selling, general and administrative   [+] 46.442.939.235.233.230.629.9
Equity in earnings   0.75.711.422.021.85.04.6
Other operating expenses    4.5  -6.6-9.9-4.2
EBITDA   [+] 535.0291.1148.862.046.432.672.5
            EBITDA margin   61.9%46.9%31.7%18.9%17.0%13.9%29.0%
Depreciation   110.4109.0107.196.986.777.871.0
EBITA   424.6182.041.7-34.9-40.2-45.21.5
            EBITA margin   49.1%29.3%8.9%-10.7%-14.8%-19.3%0.6%
Amortization of intangibles    1.53.12.82.41.7 
EBIT   [+] 423.7180.538.6-37.7-42.7-47.01.5
            EBIT margin   49.0%29.1%8.2%-11.5%-15.7%-20.0%0.6%
Non-recurring items   [+] -19.6-15.322.535.136.5127.2102.1
Interest expense   57.752.547.842.336.832.730.1
Other income (expense), net   [+] 2.3-6.8-13.0-17.6-17.1-10.0-4.3
Pre-tax income   388.0136.5-44.8-132.7-133.0-216.9-135.1
Income taxes   0.11.61.71.61.60.00.0
            Tax rate   0.0%1.2%-3.7%    
Minority interest       -1.2-0.5 
Net income   387.9135.5-45.3-133.1-133.5-216.4-135.1
            Net margin   44.9%21.8%-9.7%-40.7%-49.0%-92.2%-54.1%
   
Basic EPS   [+] $7.84$2.90($0.98)($3.27)($3.78)($6.59)($4.81)
Diluted EPS   [+] $7.80$2.89($0.98)($3.27)($3.78)($6.59)($4.80)
   
Dividends per share   [+] $1.41$0.38$1.01$1.04$1.16$1.21$0.24
   
Shares outstanding (basic)   [+] 49.546.746.140.735.332.828.1
Shares outstanding (diluted)   [+] 49.846.946.240.735.332.828.1
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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