In millions, except per share items | Jun-30-23 | Dec-31-22 | Sep-30-22 | Jun-30-22 | Mar-31-22 | Dec-31-21 | Sep-30-21 | Jun-30-21 |
| 10-Q | 10-K | 10-Q | 10-Q | 10-Q | 10-K | 10-Q | 10-Q |
Revenues: |
International Crude Tankers | | 331.7 | 223.2 | 187.9 | 158.4 | 156.3 | 158.9 | 200.7 |
International Product Carriers | | 533.0 | 397.9 | 281.2 | 168.9 | 116.3 | 75.7 | 48.9 |
Total revenues | | 864.7 | 621.2 | 469.2 | 327.3 | 272.5 | 234.6 | 249.6 |
Revenue growth [+] | | 217.3% | 164.8% | 87.9% | -4.6% | -35.4% | -52.0% | -45.8% |
International Crude Tankers | | 112.3% | 40.5% | -6.4% | -43.2% | -53.3% | -58.9% | -43.9% |
International Product Carriers | | 358.4% | 425.6% | 475.0% | 162.0% | 33.8% | -26.2% | -52.4% |
Cost of goods sold | | 284.9 | 289.9 | 296.9 | 261.5 | 223.8 | 188.1 | 156.1 |
Gross profit | | 579.7 | 331.2 | 172.2 | 65.8 | 48.8 | 46.5 | 93.5 |
Gross margin | | 67.0% | 53.3% | 36.7% | 20.1% | 17.9% | 19.8% | 37.5% |
Selling, general and administrative [+] | | 46.4 | 42.9 | 39.2 | 35.2 | 33.2 | 30.6 | 29.9 |
General and administrative [+] | | 46.4 | 42.9 | 39.2 | 35.2 | 33.2 | 30.6 | 29.9 |
General and administrative expenses | | 46.4 | 42.9 | 39.2 | 35.2 | 33.2 | 30.6 | 29.9 |
Equity in earnings | | 0.7 | 5.7 | 11.4 | 22.0 | 21.8 | 5.0 | 4.6 |
Other operating expenses | | | 4.5 | | | -6.6 | -9.9 | -4.2 |
EBITDA [+] | | 535.0 | 291.1 | 148.8 | 62.0 | 46.4 | 32.6 | 72.5 |
EBITDA growth | | 1052.2% | 792.6% | 105.3% | -59.7% | -78.6% | -88.2% | -70.4% |
EBITDA margin | | 61.9% | 46.9% | 31.7% | 18.9% | 17.0% | 13.9% | 29.0% |
Depreciation | | 110.4 | 109.0 | 107.1 | 96.9 | 86.7 | 77.8 | 71.0 |
EBITA | | 424.6 | 182.0 | 41.7 | -34.9 | -40.2 | -45.2 | 1.5 |
EBITA margin | | 49.1% | 29.3% | 8.9% | -10.7% | -14.8% | -19.3% | 0.6% |
Amortization of intangibles | | | 1.5 | 3.1 | 2.8 | 2.4 | 1.7 | |
EBIT [+] | | 423.7 | 180.5 | 38.6 | -37.7 | -42.7 | -47.0 | 1.5 |
EBIT growth | | -1093.0% | -484.5% | 2553.9% | -146.6% | -129.9% | -123.4% | -99.1% |
EBIT margin | | 49.0% | 29.1% | 8.2% | -11.5% | -15.7% | -20.0% | 0.6% |
Non-recurring items [+] | | -19.6 | -15.3 | 22.5 | 35.1 | 36.5 | 127.2 | 102.1 |
Asset impairment | | -19.6 | -14.0 | -23.2 | -11.1 | -9.8 | 80.8 | 102.8 |
Restructuring charges | | | | | | 50.7 | 47.6 | 0.5 |
Interest expense | | 57.7 | 52.5 | 47.8 | 42.3 | 36.8 | 32.7 | 30.1 |
Interest expense | | 57.7 | 52.5 | 47.8 | 42.3 | 36.8 | 32.7 | 30.1 |
Other income (expense), net [+] | | 2.3 | -6.8 | -13.0 | -17.6 | -17.1 | -10.0 | -4.3 |
Other | | 2.3 | -6.8 | -7.3 | -6.5 | -5.9 | 1.1 | 1.0 |
Pre-tax income | | 388.0 | 136.5 | -44.8 | -132.7 | -133.0 | -216.9 | -135.1 |
Income taxes | | 0.1 | 1.6 | 1.7 | 1.6 | 1.6 | 0.0 | 0.0 |
Tax rate | | 0.0% | 1.2% | -3.7% | | | | |
Minority interest | | | | | | -1.2 | -0.5 | |
Net income | | 387.9 | 135.5 | -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) |
Growth | | -307.6% | -144.0% | -79.6% | 77.5% | 1844.8% | -248.6% | -236.6% |
Diluted EPS [+] | | $7.80 | $2.89 | ($0.98) | ($3.27) | ($3.78) | ($6.59) | ($4.80) |
Growth | | -306.4% | -143.8% | -79.6% | 77.9% | 1852.6% | -249.2% | -236.9% |
|
Dividends per share [+] | | $1.41 | $0.38 | $1.01 | $1.04 | $1.16 | $1.21 | $0.24 |
Growth | -100.0% | 21.9% | -68.3% | 321.2% | 335.0% | 387.3% | 579.7% | 103.7% |
|
Shares outstanding (basic) [+] | | 49.5 | 46.7 | 46.1 | 40.7 | 35.3 | 32.8 | 28.1 |
Growth | | 39.9% | 42.3% | 64.2% | 44.4% | 24.1% | 14.4% | -3.2% |
Shares outstanding (diluted) [+] | | 49.8 | 46.9 | 46.2 | 40.7 | 35.3 | 32.8 | 28.1 |
Growth | | 40.8% | 42.8% | 64.3% | 44.1% | 23.6% | 14.0% | -3.4% |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |