International Seaways Inc
NYSE:INSW
Income Statement
Earnings Waterfall
International Seaways Inc
Revenue
|
1.1B
USD
|
Cost of Revenue
|
-308.8m
USD
|
Gross Profit
|
762.9m
USD
|
Operating Expenses
|
-182.9m
USD
|
Operating Income
|
580.1m
USD
|
Other Expenses
|
-24m
USD
|
Net Income
|
556m
USD
|
Income Statement
International Seaways Inc
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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||
Revenue |
232
N/A
|
313
+35%
|
398
+27%
|
359
-10%
|
327
-9%
|
307
-6%
|
290
-5%
|
253
-13%
|
238
-6%
|
239
+0%
|
270
+13%
|
320
+18%
|
332
+4%
|
343
+3%
|
366
+7%
|
390
+6%
|
460
+18%
|
489
+6%
|
422
-14%
|
343
-19%
|
250
-27%
|
235
-6%
|
273
+16%
|
327
+20%
|
469
+43%
|
621
+32%
|
865
+39%
|
1 050
+21%
|
1 154
+10%
|
1 159
+0%
|
1 072
-8%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||
Cost of Revenue |
(92)
|
(141)
|
(193)
|
(195)
|
(199)
|
(201)
|
(198)
|
(197)
|
(197)
|
(201)
|
(207)
|
(208)
|
(203)
|
(192)
|
(181)
|
(174)
|
(169)
|
(167)
|
(166)
|
(153)
|
(146)
|
(178)
|
(214)
|
(252)
|
(286)
|
(279)
|
(274)
|
(275)
|
(287)
|
(300)
|
(309)
|
|
Gross Profit |
139
N/A
|
172
+23%
|
206
+20%
|
164
-21%
|
128
-21%
|
106
-18%
|
92
-13%
|
57
-39%
|
41
-27%
|
38
-8%
|
63
+66%
|
112
+77%
|
129
+15%
|
151
+17%
|
185
+23%
|
215
+16%
|
291
+35%
|
322
+11%
|
255
-21%
|
191
-25%
|
104
-46%
|
56
-46%
|
58
+4%
|
76
+30%
|
183
+142%
|
343
+87%
|
591
+72%
|
775
+31%
|
868
+12%
|
859
-1%
|
763
-11%
|
|
Operating Income | ||||||||||||||||||||||||||||||||
Operating Expenses |
(57)
|
(88)
|
(110)
|
(107)
|
(102)
|
(99)
|
(104)
|
(102)
|
(101)
|
(98)
|
(97)
|
(106)
|
(115)
|
(122)
|
(130)
|
(129)
|
(126)
|
(122)
|
(115)
|
(113)
|
(111)
|
(118)
|
(129)
|
(142)
|
(156)
|
(162)
|
(167)
|
(169)
|
(173)
|
(179)
|
(183)
|
|
Selling, General & Administrative |
(17)
|
(27)
|
(30)
|
(28)
|
(25)
|
(21)
|
(25)
|
(24)
|
(25)
|
(24)
|
(24)
|
(31)
|
(37)
|
(45)
|
(53)
|
(53)
|
(51)
|
(47)
|
(41)
|
(40)
|
(40)
|
(40)
|
(43)
|
(45)
|
(49)
|
(53)
|
(57)
|
(56)
|
(55)
|
(55)
|
(54)
|
|
Depreciation & Amortization |
(40)
|
(61)
|
(80)
|
(78)
|
(78)
|
(78)
|
(79)
|
(78)
|
(76)
|
(74)
|
(72)
|
(74)
|
(76)
|
(75)
|
(76)
|
(75)
|
(75)
|
(75)
|
(74)
|
(73)
|
(71)
|
(78)
|
(87)
|
(97)
|
(107)
|
(109)
|
(110)
|
(113)
|
(118)
|
(124)
|
(129)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
82
N/A
|
84
+2%
|
96
+14%
|
57
-41%
|
26
-54%
|
7
-75%
|
(12)
N/A
|
(46)
-297%
|
(59)
-30%
|
(60)
-2%
|
(34)
+44%
|
6
N/A
|
15
+145%
|
29
+97%
|
56
+91%
|
87
+57%
|
165
+90%
|
199
+21%
|
140
-30%
|
78
-45%
|
(7)
N/A
|
(62)
-735%
|
(71)
-15%
|
(66)
+7%
|
27
N/A
|
181
+566%
|
424
+135%
|
606
+43%
|
695
+15%
|
680
-2%
|
580
-15%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||
Interest Income Expense |
3
|
6
|
(23)
|
(20)
|
(18)
|
(19)
|
9
|
0
|
(9)
|
(22)
|
(31)
|
(37)
|
(42)
|
(39)
|
(52)
|
(52)
|
(47)
|
(41)
|
(32)
|
(28)
|
(25)
|
(28)
|
(15)
|
(20)
|
(36)
|
(46)
|
(53)
|
(66)
|
(66)
|
(68)
|
(51)
|
|
Non-Reccuring Items |
4
|
(49)
|
(88)
|
(94)
|
(101)
|
(54)
|
(97)
|
(103)
|
(90)
|
(102)
|
(22)
|
(16)
|
(21)
|
(3)
|
(1)
|
1
|
(1)
|
(16)
|
(102)
|
(103)
|
(103)
|
(128)
|
(48)
|
(40)
|
(29)
|
9
|
17
|
28
|
20
|
18
|
31
|
|
Total Other Income |
1
|
(1)
|
(2)
|
(3)
|
(9)
|
(6)
|
(6)
|
(6)
|
(3)
|
(3)
|
(3)
|
(2)
|
2
|
2
|
(3)
|
(14)
|
(15)
|
(16)
|
(12)
|
1
|
1
|
1
|
0
|
(7)
|
(7)
|
(7)
|
(1)
|
6
|
11
|
13
|
(0)
|
|
Pre-Tax Income |
91
N/A
|
40
-56%
|
(18)
N/A
|
(60)
-235%
|
(102)
-71%
|
(73)
+29%
|
(106)
-46%
|
(153)
-45%
|
(161)
-5%
|
(187)
-16%
|
(89)
+52%
|
(49)
+45%
|
(47)
+5%
|
(10)
+79%
|
(1)
+92%
|
21
N/A
|
102
+380%
|
127
+25%
|
(6)
N/A
|
(52)
-844%
|
(135)
-160%
|
(217)
-61%
|
(133)
+39%
|
(133)
+0%
|
(45)
+66%
|
136
N/A
|
388
+184%
|
574
+48%
|
659
+15%
|
643
-2%
|
560
-13%
|
|
Net Income | ||||||||||||||||||||||||||||||||
Tax Provision |
(0)
|
(0)
|
(0)
|
(1)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
(2)
|
(2)
|
(2)
|
(0)
|
(0)
|
(0)
|
(1)
|
(4)
|
|
Income from Continuing Operations |
90
|
40
|
(18)
|
(60)
|
(102)
|
(73)
|
(106)
|
(153)
|
(161)
|
(187)
|
(89)
|
(49)
|
(46)
|
(10)
|
(1)
|
21
|
102
|
127
|
(6)
|
(52)
|
(135)
|
(217)
|
(135)
|
(134)
|
(47)
|
135
|
388
|
573
|
658
|
643
|
556
|
|
Income to Minority Interest |
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
|
|
Net Income (Common) |
90
N/A
|
40
-56%
|
(18)
N/A
|
(60)
-230%
|
(102)
-70%
|
(73)
+28%
|
(106)
-45%
|
(153)
-45%
|
(161)
-5%
|
(187)
-16%
|
(89)
+52%
|
(49)
+45%
|
(46)
+5%
|
(10)
+79%
|
(1)
+92%
|
21
N/A
|
102
+380%
|
127
+25%
|
(6)
N/A
|
(52)
-844%
|
(135)
-160%
|
(217)
-60%
|
(134)
+38%
|
(133)
+0%
|
(45)
+66%
|
135
N/A
|
388
+186%
|
573
+48%
|
658
+15%
|
643
-2%
|
556
-13%
|
|
EPS (Diluted) |
3.1
N/A
|
1.36
-56%
|
-0.62
N/A
|
-2.05
-231%
|
-3.5
-71%
|
-2.51
+28%
|
-3.64
-45%
|
-5.28
-45%
|
-5.53
-5%
|
-6.39
-16%
|
-3.05
+52%
|
-1.68
+45%
|
-1.6
+5%
|
-0.34
+79%
|
-0.03
+91%
|
0.72
N/A
|
3.57
+396%
|
4.54
+27%
|
-0.19
N/A
|
-1.85
-874%
|
-4.8
-159%
|
-4.61
+4%
|
-3.48
+25%
|
-2.68
+23%
|
-0.9
+66%
|
2.73
N/A
|
7.78
+185%
|
11.56
+49%
|
13.32
+15%
|
13.03
-2%
|
11.25
-14%
|