International Seaways, Inc. (INSW) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
International Crude Tankers	331.7	156.3	334.8	285.4	202.4	192.4	271.8	324.7
International Product Carriers	533.0	116.3	86.9	80.8	68.0	97.7	126.6	172.9
Total revenues [+]	864.7	272.5	421.6	366.2	270.4	290.1	398.3	497.6
Cargo & freight							56.6	85.3
Lease / rental							95.5	52.1
Revenue growth [+]	217.3%	-35.4%	15.1%	35.4%	-6.8%	-27.2%	-20.0%	-3.7%
International Crude Tankers	112.3%	-53.3%	17.3%	41.0%	5.2%	-29.2%	-16.3%	-10.6%
International Product Carriers	358.4%	33.8%	7.5%	18.9%	-30.4%	-22.8%	-26.8%	12.5%
Cost of goods sold	284.9	223.8	178.4	208.3	208.5	41.7	37.4	36.8
Gross profit	579.7	48.8	243.3	157.9	61.9	248.4	360.9	460.8
Gross margin	67.0%	17.9%	57.7%	43.1%	22.9%	85.6%	90.6%	92.6%
Selling, general and administrative [+]	46.4	33.2	29.0	26.8	24.3	24.5	30.4	41.5
General and administrative [+]	46.4	33.2	29.0	26.8	24.3	24.5	30.4	41.5
General and administrative expenses	46.4	33.2	29.0	26.8	24.3	24.5	30.4	41.5
Equity in earnings	0.7	21.8	4.1	11.2	29.4	49.0	16.8	45.6
Other operating expenses		4.5	1.2	1.1	1.3	117.2	160.5	165.8
EBITDA [+]	535.0	35.3	217.2	141.2	65.7	155.7	186.9	299.1
EBITDA growth	1414.4%	-83.7%	53.8%	114.9%	-57.8%	-16.7%	-37.5%	123.0%
EBITDA margin	61.9%	13.0%	51.5%	38.6%	24.3%	53.7%	46.9%	60.1%
Depreciation	110.4	86.7	74.3	75.7	72.4	78.9	79.9	81.7
EBITA	424.6	-51.3	142.9	65.6	-6.7	76.8	107.0	217.4
EBITA margin	49.1%	-18.8%	33.9%	17.9%	-2.5%	26.5%	26.9%	43.7%
Amortization of intangibles	0.8	2.4
EBIT [+]	423.7	-53.8	142.9	65.6	-6.7	76.8	107.0	217.4
EBIT growth	-887.9%	-137.6%	117.9%	-1076.9%	-108.7%	-28.2%	-50.8%	342.0%
EBIT margin	49.0%	-19.7%	33.9%	17.9%	-2.5%	26.5%	26.9%	43.7%
Non-recurring items [+]	-19.6	36.5	98.9	-0.8	18.4	86.9	83.0	-4.5
Asset impairment	-19.6	-9.8	100.1	0.3	19.7	86.9	79.2	-4.5
Restructuring charges		50.7
Interest expense, net [+]	54.1	36.7	36.2	63.7	58.9	40.6	40.0	42.9
Interest expense	57.7	36.8	36.7	66.3	60.2	41.2	40.4	43.0
Interest income	3.7	0.1	0.6	2.5	1.3	0.7	0.4	0.1
Other income (expense), net [+]	-1.3	-6.1	-13.4	-3.5	-5.0	-55.5	-1.9	-5.7
Reorganization items							-0.1	-5.7
Other	2.3	-5.9	-12.8	-0.9	-3.7	-5.8		0.1
Pre-tax income	388.0	-133.0	-5.5	-0.8	-89.0	-106.0	-17.8	173.3
Income taxes	0.1	1.6	0.0	0.0	-0.1	0.0	0.4	0.1
Tax rate	0.0%				0.1%			0.1%
Minority interest		-1.2
Net income	387.9	-133.5	-5.5	-0.8	-88.9	-106.1	-18.2	173.2
Net margin	44.9%	-49.0%	-1.3%	-0.2%	-32.9%	-36.6%	-4.6%	34.8%

Basic EPS [+]	$7.85	($3.48)	($0.19)	($0.03)	($3.05)	($3.64)	($0.62)	$5.94
Growth	-326.0%	1682.9%	586.4%	-99.1%	-16.1%	482.1%	-110.5%	-245.4%
Diluted EPS [+]	$7.78	($3.48)	($0.19)	($0.03)	($3.05)	($3.64)	($0.62)	$5.94
Growth	-323.9%	1682.9%	586.4%	-99.1%	-16.1%	482.1%	-110.5%	-245.4%

Dividends per share [+]	$1.41	$1.07	$0.24				$6.93	$6.86
Growth	32.7%	346.7%				-100.0%	1.0%

Shares outstanding (basic) [+]	49.4	38.4	28.4	29.2	29.1	29.2	29.2	29.2
Growth	28.6%	35.4%	-2.9%	0.3%	-0.1%	0.0%	0.0%	0.0%
Shares outstanding (diluted) [+]	49.8	38.4	28.4	29.2	29.1	29.2	29.2	29.2
Growth	29.8%	35.4%	-2.9%	0.3%	-0.1%	0.0%	0.0%	0.0%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.