Star Bulk Carriers Corp
NASDAQ:SBLK
Income Statement
Earnings Waterfall
Star Bulk Carriers Corp
Income Statement
Star Bulk Carriers Corp
| Dec-2006 | Mar-2007 | Jun-2007 | Sep-2007 | 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 |
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
|
9
|
19
|
29
|
39
|
41
|
44
|
47
|
49
|
0
|
0
|
0
|
71
|
0
|
0
|
0
|
86
|
0
|
9
|
0
|
66
|
0
|
0
|
0
|
52
|
11
|
24
|
0
|
61
|
21
|
30
|
54
|
92
|
90
|
95
|
97
|
96
|
94
|
86
|
75
|
|
| Revenue |
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
4
N/A
|
45
+1 158%
|
105
+131%
|
170
+62%
|
239
+41%
|
242
+1%
|
216
-11%
|
184
-15%
|
142
-23%
|
127
-11%
|
124
-2%
|
120
-3%
|
121
+0%
|
121
+0%
|
114
-6%
|
110
-3%
|
107
-3%
|
106
-1%
|
105
-1%
|
97
-8%
|
86
-11%
|
77
-11%
|
72
-6%
|
71
-1%
|
70
-2%
|
72
+2%
|
79
+10%
|
98
+24%
|
147
+50%
|
173
+17%
|
204
+18%
|
236
+16%
|
234
-1%
|
235
+0%
|
232
-1%
|
223
-4%
|
222
0%
|
241
+8%
|
267
+11%
|
288
+8%
|
332
+15%
|
388
+17%
|
442
+14%
|
550
+24%
|
652
+18%
|
697
+7%
|
722
+4%
|
782
+8%
|
821
+5%
|
816
-1%
|
804
-1%
|
756
-6%
|
693
-8%
|
733
+6%
|
898
+23%
|
1 114
+24%
|
1 427
+28%
|
1 588
+11%
|
1 694
+7%
|
1 642
-3%
|
1 437
-12%
|
1 300
-10%
|
1 122
-14%
|
981
-13%
|
949
-3%
|
985
+4%
|
1 099
+12%
|
1 220
+11%
|
1 265
+4%
|
1 237
-2%
|
1 131
-9%
|
1 051
-7%
|
|
| Gross Profit | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
0
|
0
|
0
|
0
|
(1)
|
(9)
|
(19)
|
(30)
|
(38)
|
(39)
|
(44)
|
(43)
|
(52)
|
(53)
|
(45)
|
(49)
|
(46)
|
(48)
|
(51)
|
(49)
|
(51)
|
(55)
|
(57)
|
(56)
|
(52)
|
(47)
|
(43)
|
(42)
|
(37)
|
(40)
|
(44)
|
(65)
|
(95)
|
(138)
|
(170)
|
(196)
|
(188)
|
(198)
|
(194)
|
(179)
|
(165)
|
(166)
|
(167)
|
(170)
|
(164)
|
(180)
|
(185)
|
(212)
|
(253)
|
(303)
|
(350)
|
(391)
|
(430)
|
(458)
|
(472)
|
(451)
|
(395)
|
(390)
|
(393)
|
(421)
|
(455)
|
(486)
|
(508)
|
(551)
|
(553)
|
(575)
|
(568)
|
(530)
|
(508)
|
(504)
|
(536)
|
(578)
|
(588)
|
(635)
|
(619)
|
(596)
|
|
| Gross Profit |
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
3
N/A
|
37
+1 120%
|
86
+134%
|
104
+22%
|
201
+93%
|
203
+1%
|
172
-15%
|
138
-20%
|
91
-34%
|
75
-17%
|
79
+5%
|
72
-10%
|
75
+5%
|
74
-2%
|
63
-15%
|
62
-2%
|
56
-8%
|
51
-9%
|
48
-6%
|
41
-14%
|
34
-17%
|
30
-12%
|
29
-2%
|
30
+1%
|
33
+12%
|
32
-4%
|
35
+7%
|
33
-5%
|
52
+60%
|
35
-34%
|
34
-3%
|
40
+19%
|
46
+16%
|
38
-19%
|
38
N/A
|
44
+17%
|
58
+31%
|
75
+29%
|
100
+34%
|
118
+18%
|
168
+43%
|
209
+24%
|
257
+23%
|
338
+32%
|
398
+18%
|
394
-1%
|
373
-5%
|
391
+5%
|
391
+0%
|
358
-9%
|
332
-7%
|
305
-8%
|
299
-2%
|
343
+15%
|
505
+47%
|
693
+37%
|
973
+40%
|
1 102
+13%
|
1 185
+8%
|
1 092
-8%
|
885
-19%
|
726
-18%
|
554
-24%
|
451
-19%
|
442
-2%
|
481
+9%
|
563
+17%
|
642
+14%
|
678
+6%
|
602
-11%
|
512
-15%
|
455
-11%
|
|
| Operating Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(1)
|
(2)
|
(2)
|
(2)
|
(9)
|
(20)
|
(34)
|
(51)
|
(65)
|
(72)
|
(74)
|
(73)
|
(68)
|
(63)
|
(60)
|
(57)
|
(38)
|
(40)
|
(35)
|
(38)
|
(61)
|
(57)
|
(59)
|
(54)
|
(41)
|
(33)
|
(27)
|
(22)
|
(25)
|
(26)
|
(32)
|
(43)
|
(66)
|
(78)
|
(94)
|
(107)
|
(127)
|
(118)
|
(122)
|
(120)
|
(123)
|
(115)
|
(118)
|
(121)
|
(131)
|
(143)
|
(169)
|
(206)
|
(248)
|
(259)
|
(275)
|
(313)
|
(313)
|
(293)
|
(272)
|
(228)
|
(231)
|
(221)
|
(224)
|
(225)
|
(238)
|
(232)
|
(243)
|
(243)
|
(258)
|
(216)
|
(201)
|
(195)
|
(204)
|
(219)
|
(247)
|
(274)
|
(326)
|
(329)
|
(331)
|
(331)
|
|
| Selling, General & Administrative |
(1)
|
(1)
|
(2)
|
(2)
|
(8)
|
(10)
|
(12)
|
(15)
|
(14)
|
(14)
|
(13)
|
(12)
|
(10)
|
(9)
|
(10)
|
(14)
|
(18)
|
(19)
|
(19)
|
(16)
|
(16)
|
(15)
|
(14)
|
(13)
|
(10)
|
(8)
|
(9)
|
(9)
|
(11)
|
(12)
|
(16)
|
(28)
|
(38)
|
(37)
|
(38)
|
(31)
|
(42)
|
(33)
|
(34)
|
(34)
|
(36)
|
(34)
|
(36)
|
(38)
|
(43)
|
(38)
|
(39)
|
(42)
|
(49)
|
(48)
|
(51)
|
(53)
|
(58)
|
(53)
|
(52)
|
(51)
|
(53)
|
(52)
|
(54)
|
(58)
|
(65)
|
(61)
|
(68)
|
(73)
|
(81)
|
(79)
|
(72)
|
(67)
|
(76)
|
(70)
|
(79)
|
(88)
|
(99)
|
(96)
|
(96)
|
(95)
|
|
| Depreciation & Amortization |
0
|
0
|
0
|
0
|
(1)
|
(10)
|
(22)
|
(36)
|
(51)
|
(58)
|
(62)
|
(61)
|
(58)
|
(54)
|
(50)
|
(48)
|
(47)
|
(47)
|
(48)
|
(49)
|
(50)
|
(48)
|
(45)
|
(42)
|
(33)
|
(27)
|
(22)
|
(16)
|
(16)
|
(17)
|
(18)
|
(25)
|
(37)
|
(51)
|
(66)
|
(77)
|
(82)
|
(84)
|
(84)
|
(83)
|
(82)
|
(81)
|
(81)
|
(82)
|
(83)
|
(84)
|
(86)
|
(93)
|
(103)
|
(112)
|
(119)
|
(123)
|
(124)
|
(129)
|
(134)
|
(138)
|
(142)
|
(144)
|
(147)
|
(150)
|
(153)
|
(155)
|
(156)
|
(156)
|
(157)
|
(153)
|
(149)
|
(144)
|
(138)
|
(135)
|
(144)
|
(154)
|
(164)
|
(175)
|
(174)
|
(171)
|
|
| Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
5
|
27
|
27
|
32
|
27
|
5
|
5
|
0
|
1
|
2
|
3
|
3
|
3
|
2
|
2
|
2
|
10
|
9
|
10
|
10
|
1
|
(3)
|
(1)
|
(3)
|
(2)
|
(5)
|
(0)
|
(1)
|
(1)
|
(5)
|
(21)
|
(44)
|
(71)
|
(97)
|
(99)
|
(105)
|
(137)
|
(131)
|
(110)
|
(86)
|
(38)
|
(36)
|
(25)
|
(24)
|
(18)
|
(20)
|
(16)
|
(19)
|
(14)
|
(21)
|
16
|
21
|
17
|
11
|
(14)
|
(24)
|
(33)
|
(63)
|
(58)
|
(61)
|
(65)
|
|
| Operating Income |
(1)
N/A
|
(2)
-67%
|
(2)
-15%
|
(2)
+4%
|
(6)
-155%
|
17
N/A
|
52
+201%
|
88
+71%
|
136
+54%
|
132
-3%
|
98
-26%
|
68
-31%
|
23
-66%
|
11
-54%
|
19
+84%
|
15
-23%
|
37
+150%
|
33
-11%
|
27
-18%
|
23
-16%
|
(4)
N/A
|
(6)
-41%
|
(11)
-84%
|
(13)
-13%
|
(7)
+46%
|
(3)
+57%
|
2
N/A
|
8
+257%
|
8
+12%
|
6
-30%
|
3
-58%
|
(10)
N/A
|
(14)
-39%
|
(43)
-212%
|
(60)
-40%
|
(67)
-12%
|
(81)
-20%
|
(81)
0%
|
(84)
-4%
|
(76)
+10%
|
(65)
+14%
|
(41)
+38%
|
(18)
+55%
|
(3)
+82%
|
37
N/A
|
65
+76%
|
88
+35%
|
132
+49%
|
150
+14%
|
135
-10%
|
97
-28%
|
78
-20%
|
78
+0%
|
65
-17%
|
60
-7%
|
77
+28%
|
68
-12%
|
121
+79%
|
281
+131%
|
468
+67%
|
735
+57%
|
870
+18%
|
943
+8%
|
849
-10%
|
627
-26%
|
510
-19%
|
353
-31%
|
256
-27%
|
238
-7%
|
261
+10%
|
316
+21%
|
368
+17%
|
352
-4%
|
273
-22%
|
181
-34%
|
124
-32%
|
|
| Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
4
|
5
|
5
|
5
|
9
|
7
|
4
|
1
|
(9)
|
(14)
|
(15)
|
(12)
|
(11)
|
(10)
|
(8)
|
(9)
|
(8)
|
(5)
|
(4)
|
(4)
|
(5)
|
(6)
|
(7)
|
(8)
|
(8)
|
(7)
|
(7)
|
(7)
|
(7)
|
(6)
|
(7)
|
(6)
|
(10)
|
(14)
|
(20)
|
(30)
|
(32)
|
(39)
|
(42)
|
(40)
|
(42)
|
(40)
|
(41)
|
(44)
|
(48)
|
(50)
|
(53)
|
(61)
|
(69)
|
(71)
|
(79)
|
(81)
|
(80)
|
(61)
|
(65)
|
(61)
|
(51)
|
(76)
|
(64)
|
(57)
|
(50)
|
(52)
|
(52)
|
(52)
|
(46)
|
(44)
|
(39)
|
(38)
|
(59)
|
(73)
|
(83)
|
(88)
|
(80)
|
(67)
|
(59)
|
(55)
|
|
| Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
(4)
|
(5)
|
(4)
|
6
|
21
|
22
|
(59)
|
(70)
|
(115)
|
(116)
|
(36)
|
(35)
|
1
|
2
|
2
|
(60)
|
(59)
|
(59)
|
(362)
|
(300)
|
(303)
|
(303)
|
(0)
|
(0)
|
0
|
0
|
12
|
12
|
6
|
(34)
|
(59)
|
(346)
|
(347)
|
(309)
|
(317)
|
(47)
|
(40)
|
(39)
|
(19)
|
1
|
2
|
2
|
1
|
(20)
|
(21)
|
(26)
|
(25)
|
(12)
|
(12)
|
(7)
|
(11)
|
(5)
|
(3)
|
(6)
|
(2)
|
(2)
|
(3)
|
(1)
|
(17)
|
(13)
|
(24)
|
(27)
|
3
|
(3)
|
15
|
32
|
23
|
34
|
25
|
3
|
(7)
|
|
| Total Other Income |
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
|
(1)
|
0
|
(1)
|
0
|
(1)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
(2)
|
0
|
1
|
0
|
(1)
|
(0)
|
(1)
|
(1)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
|
| Pre-Tax Income |
3
N/A
|
3
-19%
|
2
-12%
|
2
+4%
|
3
+42%
|
20
+482%
|
51
+157%
|
85
+68%
|
134
+57%
|
140
+4%
|
105
-25%
|
(4)
N/A
|
(58)
-1 522%
|
(114)
-95%
|
(105)
+8%
|
(30)
+71%
|
(5)
+83%
|
30
N/A
|
25
-15%
|
21
-17%
|
(70)
N/A
|
(71)
-2%
|
(77)
-9%
|
(383)
-395%
|
(315)
+18%
|
(314)
+0%
|
(308)
+2%
|
0
N/A
|
2
+375%
|
(0)
N/A
|
(4)
-1 900%
|
(4)
+10%
|
(12)
-228%
|
(51)
-336%
|
(114)
-121%
|
(156)
-37%
|
(458)
-194%
|
(467)
-2%
|
(435)
+7%
|
(432)
+1%
|
(154)
+64%
|
(121)
+21%
|
(99)
+19%
|
(66)
+33%
|
(10)
+86%
|
16
N/A
|
37
+129%
|
71
+90%
|
58
-17%
|
43
-26%
|
(8)
N/A
|
(28)
-262%
|
(16)
+42%
|
(8)
+51%
|
(12)
-52%
|
6
N/A
|
10
+78%
|
43
+336%
|
211
+395%
|
408
+93%
|
680
+67%
|
815
+20%
|
891
+9%
|
780
-12%
|
566
-27%
|
442
-22%
|
286
-35%
|
220
-23%
|
174
-21%
|
202
+17%
|
264
+31%
|
302
+14%
|
305
+1%
|
230
-24%
|
124
-46%
|
62
-50%
|
|
| 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
|
(0)
|
(0)
|
(1)
|
(1)
|
(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
|
|
| Income from Continuing Operations |
3
|
2
|
2
|
2
|
3
|
20
|
51
|
85
|
134
|
140
|
105
|
(4)
|
(58)
|
(114)
|
(105)
|
(30)
|
(5)
|
30
|
25
|
21
|
(70)
|
(71)
|
(77)
|
(383)
|
(315)
|
(314)
|
(308)
|
0
|
2
|
(0)
|
(4)
|
(4)
|
(12)
|
(51)
|
(114)
|
(156)
|
(458)
|
(467)
|
(435)
|
(432)
|
(154)
|
(122)
|
(99)
|
(67)
|
(10)
|
16
|
37
|
71
|
58
|
43
|
(8)
|
(28)
|
(16)
|
(8)
|
(12)
|
5
|
10
|
43
|
211
|
408
|
680
|
815
|
891
|
780
|
566
|
441
|
286
|
220
|
173
|
202
|
264
|
302
|
305
|
230
|
124
|
62
|
|
| Equity Earnings Affiliates |
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
|
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)
|
|
| Net Income (Common) |
3
N/A
|
2
-20%
|
2
-4%
|
2
+4%
|
3
+42%
|
20
+482%
|
51
+157%
|
85
+68%
|
134
+57%
|
140
+4%
|
105
-25%
|
(4)
N/A
|
(58)
-1 522%
|
(114)
-95%
|
(105)
+8%
|
(30)
+71%
|
(5)
+83%
|
30
N/A
|
25
-15%
|
21
-17%
|
(70)
N/A
|
(71)
-2%
|
(77)
-9%
|
(383)
-395%
|
(315)
+18%
|
(314)
+0%
|
(308)
+2%
|
0
N/A
|
2
+375%
|
(0)
N/A
|
(4)
-1 900%
|
(4)
+10%
|
(12)
-225%
|
(51)
-337%
|
(113)
-121%
|
(155)
-37%
|
(458)
-195%
|
(467)
-2%
|
(435)
+7%
|
(432)
+1%
|
(154)
+64%
|
(121)
+21%
|
(99)
+19%
|
(67)
+32%
|
(10)
+85%
|
16
N/A
|
37
+130%
|
71
+90%
|
58
-17%
|
43
-26%
|
(8)
N/A
|
(28)
-264%
|
(16)
+42%
|
(8)
+50%
|
(12)
-48%
|
6
N/A
|
10
+76%
|
43
+341%
|
211
+393%
|
408
+93%
|
681
+67%
|
815
+20%
|
891
+9%
|
780
-12%
|
566
-27%
|
442
-22%
|
286
-35%
|
220
-23%
|
174
-21%
|
203
+17%
|
264
+30%
|
302
+14%
|
305
+1%
|
230
-24%
|
124
-46%
|
61
-51%
|
|
| EPS (Diluted) |
7.5
N/A
|
5.99
-20%
|
5.74
-4%
|
5.99
+4%
|
6.8
+14%
|
28.28
+316%
|
72.57
+157%
|
106.37
+47%
|
191
+80%
|
174.37
-9%
|
130.62
-25%
|
-4.5
N/A
|
-73
-1 522%
|
-142.37
-95%
|
-130.62
+8%
|
-37.99
+71%
|
-6.37
+83%
|
36.99
N/A
|
36.14
-2%
|
21.1
-42%
|
-77.33
N/A
|
-64.63
+16%
|
-70.36
-9%
|
-348.27
-395%
|
-285.9
+18%
|
-285
+0%
|
-280.09
+2%
|
0.11
N/A
|
0.66
+500%
|
-0.03
N/A
|
-0.7
-2 233%
|
-0.23
+67%
|
-1
-335%
|
-1.66
-66%
|
-2.97
-79%
|
-3.54
-19%
|
-11.71
-231%
|
-10.65
+9%
|
-9.91
+7%
|
-9.45
+5%
|
-3.24
+66%
|
-1.99
+39%
|
-1.56
+22%
|
-1.04
+33%
|
-0.16
+85%
|
0.24
N/A
|
0.57
+137%
|
0.8
+40%
|
0.76
-5%
|
0.46
-39%
|
-0.07
N/A
|
-0.29
-314%
|
-0.17
+41%
|
-0.08
+53%
|
-0.12
-50%
|
0.06
N/A
|
0.1
+67%
|
0.43
+330%
|
2.06
+379%
|
3.98
+93%
|
6.71
+69%
|
7.97
+19%
|
8.7
+9%
|
7.62
-12%
|
5.52
-28%
|
4.26
-23%
|
2.77
-35%
|
2.28
-18%
|
1.75
-23%
|
2.4
+37%
|
2.29
-5%
|
2.57
+12%
|
2.8
+9%
|
1.98
-29%
|
1.06
-46%
|
0.53
-50%
|
|