Teekay Tankers Ltd
F:S52
Income Statement
Earnings Waterfall
Teekay Tankers Ltd
Income Statement
Teekay Tankers Ltd
| Dec-2007 | Mar-2008 | Jun-2008 | Sep-2008 | Dec-2008 | Mar-2009 | Jun-2009 | Sep-2009 | Dec-2009 | Mar-2010 | Jun-2010 | Sep-2010 | Dec-2010 | Mar-2011 | Jun-2011 | Sep-2011 | Dec-2011 | Mar-2012 | Jun-2012 | Sep-2012 | Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
22
|
5
|
9
|
13
|
32
|
15
|
15
|
14
|
12
|
11
|
9
|
8
|
51
|
62
|
72
|
78
|
41
|
35
|
30
|
25
|
20
|
15
|
11
|
10
|
10
|
10
|
10
|
9
|
9
|
9
|
10
|
12
|
17
|
23
|
27
|
30
|
30
|
29
|
29
|
29
|
31
|
37
|
44
|
51
|
59
|
63
|
66
|
67
|
65
|
64
|
60
|
57
|
52
|
46
|
42
|
38
|
35
|
33
|
33
|
33
|
36
|
39
|
36
|
33
|
28
|
21
|
16
|
11
|
7
|
3
|
0
|
0
|
|
| Revenue |
202
N/A
|
149
-26%
|
148
-1%
|
158
+7%
|
252
+59%
|
165
-35%
|
166
+1%
|
162
-3%
|
160
-1%
|
155
-3%
|
154
-1%
|
145
-6%
|
240
+66%
|
258
+7%
|
279
+8%
|
298
+7%
|
215
-28%
|
213
-1%
|
207
-3%
|
200
-3%
|
197
-1%
|
188
-5%
|
180
-4%
|
174
-4%
|
170
-2%
|
187
+10%
|
188
+0%
|
202
+7%
|
250
+24%
|
296
+18%
|
363
+23%
|
436
+20%
|
535
+23%
|
599
+12%
|
634
+6%
|
617
-3%
|
551
-11%
|
509
-7%
|
472
-7%
|
454
-4%
|
431
-5%
|
469
+9%
|
532
+13%
|
617
+16%
|
777
+26%
|
846
+9%
|
882
+4%
|
888
+1%
|
944
+6%
|
1 058
+12%
|
1 098
+4%
|
1 085
-1%
|
886
-18%
|
687
-22%
|
564
-18%
|
510
-10%
|
542
+6%
|
574
+6%
|
693
+21%
|
856
+24%
|
1 178
+38%
|
1 284
+9%
|
1 412
+10%
|
1 418
+0%
|
1 474
+4%
|
1 308
-11%
|
1 234
-6%
|
1 192
-3%
|
1 229
+3%
|
1 123
-9%
|
1 059
-6%
|
1 045
-1%
|
|
| Gross Profit | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(93)
|
(62)
|
(55)
|
(46)
|
(57)
|
(40)
|
(42)
|
(49)
|
(52)
|
(54)
|
(55)
|
(49)
|
(87)
|
(95)
|
(105)
|
(119)
|
(100)
|
(97)
|
(99)
|
(103)
|
(105)
|
(107)
|
(112)
|
(108)
|
(106)
|
(104)
|
(103)
|
(111)
|
(132)
|
(149)
|
(169)
|
(197)
|
(231)
|
(266)
|
(290)
|
(301)
|
(296)
|
(299)
|
(302)
|
(296)
|
(283)
|
(340)
|
(411)
|
(485)
|
(610)
|
(639)
|
(656)
|
(663)
|
(654)
|
(677)
|
(633)
|
(599)
|
(518)
|
(454)
|
(454)
|
(461)
|
(494)
|
(525)
|
(580)
|
(638)
|
(773)
|
(703)
|
(704)
|
(695)
|
(794)
|
(692)
|
(676)
|
(657)
|
(741)
|
(730)
|
(723)
|
(726)
|
|
| Gross Profit |
109
N/A
|
87
-20%
|
93
+7%
|
113
+20%
|
195
+73%
|
125
-36%
|
125
0%
|
113
-10%
|
108
-5%
|
101
-6%
|
99
-2%
|
96
-3%
|
153
+60%
|
163
+6%
|
173
+6%
|
179
+3%
|
115
-36%
|
116
+1%
|
108
-7%
|
98
-9%
|
93
-5%
|
81
-13%
|
68
-16%
|
66
-3%
|
64
-3%
|
83
+31%
|
85
+2%
|
91
+6%
|
118
+30%
|
147
+24%
|
193
+32%
|
239
+24%
|
304
+27%
|
333
+9%
|
344
+3%
|
316
-8%
|
255
-19%
|
210
-17%
|
170
-19%
|
158
-7%
|
148
-6%
|
130
-12%
|
121
-6%
|
132
+8%
|
167
+26%
|
207
+24%
|
226
+9%
|
225
0%
|
290
+29%
|
381
+31%
|
465
+22%
|
487
+5%
|
369
-24%
|
234
-37%
|
111
-53%
|
49
-56%
|
48
-2%
|
49
+2%
|
112
+129%
|
218
+94%
|
405
+86%
|
581
+44%
|
708
+22%
|
723
+2%
|
679
-6%
|
616
-9%
|
558
-9%
|
534
-4%
|
488
-9%
|
392
-20%
|
336
-14%
|
319
-5%
|
|
| Operating Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(48)
|
(33)
|
(33)
|
(35)
|
(57)
|
(37)
|
(43)
|
(50)
|
(57)
|
(60)
|
(61)
|
(57)
|
(94)
|
(106)
|
(114)
|
(121)
|
(82)
|
(86)
|
(83)
|
(81)
|
(80)
|
(76)
|
(76)
|
(71)
|
(60)
|
(61)
|
(61)
|
(61)
|
(66)
|
(68)
|
(72)
|
(79)
|
(104)
|
(123)
|
(139)
|
(150)
|
(137)
|
(135)
|
(132)
|
(130)
|
(133)
|
(139)
|
(145)
|
(151)
|
(158)
|
(158)
|
(160)
|
(161)
|
(160)
|
(160)
|
(160)
|
(159)
|
(156)
|
(155)
|
(155)
|
(152)
|
(150)
|
(147)
|
(144)
|
(142)
|
(140)
|
(142)
|
(142)
|
(143)
|
(141)
|
(144)
|
(144)
|
(143)
|
(140)
|
(136)
|
(135)
|
(133)
|
|
| Selling, General & Administrative |
(19)
|
(12)
|
(11)
|
(11)
|
(13)
|
(8)
|
(9)
|
(10)
|
(12)
|
(13)
|
(13)
|
(11)
|
(17)
|
(19)
|
(21)
|
(22)
|
(8)
|
(12)
|
(10)
|
(9)
|
(8)
|
(10)
|
(11)
|
(13)
|
(13)
|
(12)
|
(12)
|
(12)
|
(13)
|
(13)
|
(13)
|
(15)
|
(30)
|
(36)
|
(43)
|
(47)
|
(33)
|
(33)
|
(32)
|
(31)
|
(33)
|
(34)
|
(35)
|
(36)
|
(40)
|
(39)
|
(39)
|
(39)
|
(36)
|
(37)
|
(37)
|
(38)
|
(39)
|
(41)
|
(44)
|
(44)
|
(44)
|
(42)
|
(41)
|
(40)
|
(41)
|
(44)
|
(45)
|
(46)
|
(44)
|
(48)
|
(49)
|
(50)
|
(47)
|
(42)
|
(43)
|
(43)
|
|
| Depreciation & Amortization |
(30)
|
(21)
|
(23)
|
(24)
|
(44)
|
(29)
|
(34)
|
(41)
|
(45)
|
(47)
|
(49)
|
(46)
|
(77)
|
(84)
|
(92)
|
(99)
|
(75)
|
(74)
|
(73)
|
(72)
|
(72)
|
(66)
|
(60)
|
(54)
|
(48)
|
(48)
|
(49)
|
(50)
|
(53)
|
(55)
|
(59)
|
(64)
|
(74)
|
(86)
|
(96)
|
(104)
|
(104)
|
(102)
|
(101)
|
(99)
|
(101)
|
(105)
|
(110)
|
(115)
|
(119)
|
(119)
|
(120)
|
(122)
|
(124)
|
(124)
|
(123)
|
(121)
|
(117)
|
(114)
|
(112)
|
(107)
|
(106)
|
(104)
|
(103)
|
(101)
|
(99)
|
(98)
|
(97)
|
(97)
|
(98)
|
(97)
|
(95)
|
(94)
|
(94)
|
(94)
|
(92)
|
(90)
|
|
| Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(4)
|
(4)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Operating Income |
61
N/A
|
54
-12%
|
60
+12%
|
78
+29%
|
138
+78%
|
88
-36%
|
82
-6%
|
63
-24%
|
51
-19%
|
41
-18%
|
38
-9%
|
39
+3%
|
60
+53%
|
58
-3%
|
59
+2%
|
58
-2%
|
33
-43%
|
30
-9%
|
24
-19%
|
17
-30%
|
12
-27%
|
5
-62%
|
(8)
N/A
|
(5)
+30%
|
4
N/A
|
23
+551%
|
24
+7%
|
30
+22%
|
52
+76%
|
78
+50%
|
121
+56%
|
160
+32%
|
200
+25%
|
210
+5%
|
205
-2%
|
165
-20%
|
117
-29%
|
76
-36%
|
38
-50%
|
28
-28%
|
14
-48%
|
(9)
N/A
|
(24)
-155%
|
(20)
+16%
|
8
N/A
|
49
+494%
|
66
+36%
|
64
-4%
|
129
+104%
|
221
+70%
|
306
+39%
|
328
+7%
|
212
-35%
|
78
-63%
|
(45)
N/A
|
(103)
-130%
|
(102)
+1%
|
(98)
+4%
|
(32)
+67%
|
76
N/A
|
265
+248%
|
439
+66%
|
566
+29%
|
580
+3%
|
538
-7%
|
471
-12%
|
414
-12%
|
391
-6%
|
348
-11%
|
256
-26%
|
201
-22%
|
186
-7%
|
|
| Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(22)
|
(18)
|
(15)
|
(17)
|
(47)
|
(24)
|
(24)
|
(26)
|
(8)
|
(10)
|
(21)
|
(21)
|
(80)
|
(89)
|
(103)
|
(118)
|
(68)
|
(63)
|
(51)
|
(36)
|
(28)
|
(23)
|
(12)
|
(20)
|
(11)
|
(5)
|
(7)
|
8
|
(5)
|
(9)
|
(2)
|
(4)
|
(7)
|
(20)
|
(28)
|
(29)
|
(23)
|
(15)
|
(44)
|
(48)
|
(54)
|
(58)
|
(34)
|
(42)
|
(50)
|
(62)
|
(67)
|
(66)
|
(63)
|
(58)
|
(51)
|
(50)
|
(48)
|
(45)
|
(45)
|
(42)
|
(48)
|
(46)
|
(41)
|
(36)
|
(23)
|
(27)
|
(21)
|
(18)
|
(10)
|
(1)
|
6
|
12
|
22
|
25
|
26
|
37
|
|
| Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
(2)
|
0
|
0
|
(77)
|
(77)
|
(77)
|
(77)
|
0
|
(353)
|
(353)
|
(353)
|
(353)
|
(0)
|
0
|
10
|
10
|
10
|
5
|
(4)
|
(5)
|
(6)
|
(1)
|
(8)
|
(16)
|
(21)
|
(25)
|
(19)
|
(19)
|
(13)
|
(9)
|
(9)
|
(2)
|
(1)
|
(1)
|
0
|
0
|
(6)
|
(9)
|
(6)
|
(52)
|
(71)
|
(69)
|
(158)
|
(112)
|
(92)
|
(92)
|
(5)
|
4
|
(1)
|
6
|
5
|
(3)
|
9
|
22
|
22
|
16
|
32
|
59
|
67
|
99
|
|
| Total Other Income |
0
|
0
|
0
|
0
|
(1)
|
0
|
(0)
|
(0)
|
(1)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
3
|
3
|
3
|
4
|
0
|
(0)
|
(1)
|
(3)
|
(5)
|
(7)
|
(5)
|
(6)
|
(5)
|
(6)
|
(8)
|
0
|
(0)
|
1
|
2
|
0
|
5
|
6
|
6
|
0
|
4
|
5
|
7
|
1
|
1
|
(0)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(3)
|
(2)
|
(2)
|
(2)
|
(4)
|
(0)
|
0
|
2
|
2
|
(1)
|
(2)
|
2
|
|
| Pre-Tax Income |
39
N/A
|
36
-8%
|
46
+29%
|
61
+32%
|
90
+48%
|
64
-29%
|
58
-9%
|
36
-38%
|
42
+16%
|
30
-29%
|
15
-48%
|
15
-4%
|
(23)
N/A
|
(31)
-34%
|
(44)
-42%
|
(138)
-214%
|
(113)
+18%
|
(111)
+2%
|
(105)
+5%
|
(21)
+81%
|
(370)
-1 706%
|
(373)
-1%
|
(374)
0%
|
(379)
-1%
|
(8)
+98%
|
20
N/A
|
31
+51%
|
51
+67%
|
61
+19%
|
74
+23%
|
115
+55%
|
150
+31%
|
184
+22%
|
184
+0%
|
163
-12%
|
116
-28%
|
68
-42%
|
31
-54%
|
(30)
N/A
|
(47)
-58%
|
(53)
-12%
|
(76)
-43%
|
(66)
+13%
|
(61)
+7%
|
(43)
+29%
|
(9)
+79%
|
6
N/A
|
3
-41%
|
62
+1 709%
|
158
+157%
|
254
+61%
|
232
-9%
|
95
-59%
|
(34)
N/A
|
(249)
-638%
|
(259)
-4%
|
(244)
+6%
|
(238)
+2%
|
(79)
+67%
|
43
N/A
|
238
+456%
|
416
+75%
|
548
+32%
|
557
+2%
|
532
-4%
|
492
-8%
|
442
-10%
|
421
-5%
|
404
-4%
|
339
-16%
|
292
-14%
|
324
+11%
|
|
| Net Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(5)
|
0
|
0
|
0
|
(9)
|
(12)
|
(14)
|
0
|
(20)
|
(22)
|
(6)
|
(8)
|
(7)
|
(7)
|
(20)
|
(17)
|
2
|
3
|
2
|
0
|
(2)
|
(4)
|
(13)
|
(9)
|
(13)
|
(3)
|
3
|
1
|
(0)
|
(4)
|
(2)
|
0
|
|
| Income from Continuing Operations |
39
|
36
|
46
|
61
|
90
|
64
|
58
|
36
|
42
|
30
|
15
|
15
|
(23)
|
(31)
|
(44)
|
(138)
|
(113)
|
(111)
|
(105)
|
(21)
|
(370)
|
(373)
|
(374)
|
(379)
|
(8)
|
20
|
31
|
51
|
61
|
74
|
115
|
150
|
184
|
184
|
163
|
116
|
68
|
31
|
(30)
|
(47)
|
(58)
|
(81)
|
(71)
|
(66)
|
(53)
|
(21)
|
(8)
|
(10)
|
41
|
136
|
248
|
224
|
87
|
(41)
|
(268)
|
(276)
|
(242)
|
(235)
|
(77)
|
43
|
235
|
412
|
535
|
548
|
520
|
489
|
445
|
422
|
404
|
335
|
291
|
324
|
|
| Net Income (Common) |
39
N/A
|
36
-8%
|
46
+29%
|
58
+28%
|
51
-13%
|
56
+11%
|
45
-20%
|
26
-43%
|
37
+44%
|
23
-38%
|
14
-40%
|
13
-3%
|
16
+17%
|
18
+12%
|
17
-5%
|
(0)
N/A
|
(9)
-9 000%
|
(12)
-33%
|
(12)
-2%
|
(5)
+60%
|
(361)
-7 120%
|
(367)
-2%
|
(374)
-2%
|
(379)
-1%
|
(8)
+98%
|
20
N/A
|
31
+51%
|
51
+67%
|
61
+19%
|
74
+23%
|
115
+55%
|
150
+31%
|
184
+22%
|
184
+0%
|
163
-12%
|
116
-28%
|
68
-42%
|
31
-54%
|
(30)
N/A
|
(47)
-58%
|
(58)
-23%
|
(81)
-40%
|
(71)
+12%
|
(66)
+7%
|
(53)
+20%
|
(21)
+60%
|
(8)
+62%
|
(10)
-30%
|
41
N/A
|
136
+228%
|
248
+83%
|
224
-10%
|
87
-61%
|
(41)
N/A
|
(268)
-556%
|
(276)
-3%
|
(242)
+12%
|
(235)
+3%
|
(77)
+67%
|
43
N/A
|
235
+449%
|
412
+75%
|
535
+30%
|
548
+2%
|
520
-5%
|
489
-6%
|
445
-9%
|
422
-5%
|
404
-4%
|
335
-17%
|
291
-13%
|
324
+11%
|
|
| EPS (Diluted) |
20.42
N/A
|
11.48
-44%
|
14.77
+29%
|
18.83
+27%
|
16.35
-13%
|
18.16
+11%
|
16.7
-8%
|
5.11
-69%
|
10.22
+100%
|
5.72
-44%
|
2.58
-55%
|
2.46
-5%
|
2.94
+20%
|
2.43
-17%
|
2.16
-11%
|
-0.01
N/A
|
-1.19
-11 800%
|
-1.24
-4%
|
-1.16
+6%
|
-0.48
+59%
|
-36.46
-7 496%
|
-35.3
+3%
|
-35.28
+0%
|
-36.43
-3%
|
-0.78
+98%
|
1.92
N/A
|
2.91
+52%
|
4.67
+60%
|
5.62
+20%
|
5.11
-9%
|
7.86
+54%
|
8.86
+13%
|
10.14
+14%
|
9.39
-7%
|
8.29
-12%
|
5.46
-34%
|
3.19
-42%
|
1.47
-54%
|
-1.4
N/A
|
-2.1
-50%
|
-2.48
-18%
|
-2.41
+3%
|
-2.11
+12%
|
-1.98
+6%
|
-1.57
+21%
|
-0.63
+60%
|
-0.24
+62%
|
-0.31
-29%
|
1.23
N/A
|
4
+225%
|
7.3
+83%
|
6.63
-9%
|
2.59
-61%
|
-1.21
N/A
|
-7.95
-557%
|
-8.13
-2%
|
-7.16
+12%
|
-6.95
+3%
|
-2.25
+68%
|
1.23
N/A
|
6.87
+459%
|
11.93
+74%
|
15.51
+30%
|
15.88
+2%
|
15.04
-5%
|
14.11
-6%
|
12.81
-9%
|
12.14
-5%
|
11.63
-4%
|
9.65
-17%
|
8.37
-13%
|
9.29
+11%
|
|