Safe Bulkers Inc
NYSE:SB
Income Statement
Earnings Waterfall
Safe Bulkers Inc
Revenue
|
284.4m
USD
|
Cost of Revenue
|
-61.1m
USD
|
Gross Profit
|
223.3m
USD
|
Operating Expenses
|
-129.5m
USD
|
Operating Income
|
93.8m
USD
|
Other Expenses
|
-24.4m
USD
|
Net Income
|
69.4m
USD
|
Income Statement
Safe Bulkers Inc
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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
187
N/A
|
184
-2%
|
180
-2%
|
174
-3%
|
154
-12%
|
145
-6%
|
139
-4%
|
136
-2%
|
127
-7%
|
120
-6%
|
114
-5%
|
108
-6%
|
110
+2%
|
118
+8%
|
127
+7%
|
137
+8%
|
148
+8%
|
158
+7%
|
170
+8%
|
183
+8%
|
193
+6%
|
198
+2%
|
196
-1%
|
197
+0%
|
198
+0%
|
195
-1%
|
198
+1%
|
199
+1%
|
198
0%
|
215
+8%
|
248
+15%
|
289
+16%
|
329
+14%
|
344
+5%
|
354
+3%
|
356
+0%
|
350
-2%
|
339
-3%
|
318
-6%
|
289
-9%
|
284
-2%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(52)
|
(55)
|
(61)
|
(66)
|
(46)
|
(72)
|
(73)
|
(74)
|
(47)
|
(70)
|
(66)
|
(60)
|
(37)
|
(55)
|
(56)
|
(57)
|
(35)
|
(59)
|
(64)
|
(66)
|
(40)
|
(72)
|
(73)
|
(76)
|
(47)
|
(95)
|
(112)
|
(116)
|
(76)
|
(103)
|
(88)
|
(83)
|
(47)
|
(84)
|
(82)
|
(85)
|
(48)
|
(93)
|
(104)
|
(110)
|
(61)
|
|
Gross Profit |
135
N/A
|
129
-4%
|
119
-8%
|
109
-9%
|
109
0%
|
73
-33%
|
67
-8%
|
63
-6%
|
80
+28%
|
50
-38%
|
48
-3%
|
48
+0%
|
73
+50%
|
63
-13%
|
71
+13%
|
81
+13%
|
113
+40%
|
99
-12%
|
107
+8%
|
117
+9%
|
154
+32%
|
126
-18%
|
124
-1%
|
121
-2%
|
150
+24%
|
100
-33%
|
86
-14%
|
83
-3%
|
122
+47%
|
112
-8%
|
160
+43%
|
206
+29%
|
282
+37%
|
260
-8%
|
272
+5%
|
271
-1%
|
302
+11%
|
246
-19%
|
214
-13%
|
179
-17%
|
223
+25%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(42)
|
(44)
|
(53)
|
(55)
|
(81)
|
(57)
|
(58)
|
(60)
|
(88)
|
(63)
|
(64)
|
(64)
|
(84)
|
(65)
|
(66)
|
(68)
|
(91)
|
(68)
|
(68)
|
(68)
|
(98)
|
(69)
|
(70)
|
(70)
|
(106)
|
(72)
|
(73)
|
(75)
|
(112)
|
(69)
|
(69)
|
(68)
|
(103)
|
(73)
|
(72)
|
(71)
|
(117)
|
(77)
|
(79)
|
(80)
|
(129)
|
|
Selling, General & Administrative |
(11)
|
(12)
|
(12)
|
(13)
|
(38)
|
(14)
|
(13)
|
(14)
|
(41)
|
(15)
|
(16)
|
(16)
|
(35)
|
(15)
|
(16)
|
(16)
|
(38)
|
(16)
|
(17)
|
(18)
|
(49)
|
(20)
|
(21)
|
(21)
|
(56)
|
(21)
|
(21)
|
(21)
|
(57)
|
(35)
|
(35)
|
(36)
|
(58)
|
(22)
|
(22)
|
(21)
|
(64)
|
(22)
|
(23)
|
(23)
|
(73)
|
|
Depreciation & Amortization |
(37)
|
(39)
|
(40)
|
(42)
|
(43)
|
(44)
|
(45)
|
(46)
|
(47)
|
(48)
|
(49)
|
(49)
|
(50)
|
(50)
|
(51)
|
(51)
|
(51)
|
(50)
|
(49)
|
(49)
|
(48)
|
(49)
|
(49)
|
(50)
|
(50)
|
(51)
|
(52)
|
(53)
|
(54)
|
(54)
|
(54)
|
(53)
|
(52)
|
(50)
|
(50)
|
(50)
|
(50)
|
(51)
|
(52)
|
(53)
|
(54)
|
|
Other Operating Expenses |
7
|
7
|
(1)
|
(1)
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
0
|
0
|
(1)
|
(2)
|
(1)
|
(1)
|
(1)
|
(0)
|
0
|
(0)
|
(0)
|
(1)
|
0
|
0
|
(0)
|
(0)
|
21
|
21
|
20
|
7
|
(0)
|
(0)
|
0
|
(4)
|
(4)
|
(4)
|
(4)
|
(2)
|
|
Operating Income |
93
N/A
|
85
-9%
|
66
-22%
|
53
-19%
|
27
-49%
|
15
-44%
|
9
-43%
|
3
-69%
|
(8)
N/A
|
(13)
-73%
|
(16)
-19%
|
(15)
+5%
|
(12)
+24%
|
(2)
+83%
|
5
N/A
|
13
+151%
|
22
+71%
|
31
+41%
|
39
+25%
|
49
+25%
|
56
+14%
|
57
+2%
|
54
-5%
|
51
-6%
|
44
-13%
|
28
-37%
|
12
-56%
|
8
-32%
|
11
+25%
|
43
+309%
|
91
+112%
|
137
+51%
|
180
+31%
|
187
+4%
|
201
+7%
|
200
0%
|
185
-7%
|
168
-9%
|
135
-20%
|
99
-27%
|
94
-5%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(9)
|
(9)
|
(12)
|
(10)
|
(11)
|
(12)
|
(11)
|
(15)
|
(16)
|
(19)
|
(22)
|
(22)
|
(23)
|
(22)
|
(21)
|
(23)
|
(23)
|
(23)
|
(25)
|
(25)
|
(27)
|
(29)
|
(28)
|
(28)
|
(27)
|
(26)
|
(26)
|
(25)
|
(23)
|
(23)
|
(23)
|
(21)
|
(16)
|
(9)
|
(7)
|
(6)
|
(11)
|
(17)
|
(19)
|
(21)
|
(26)
|
|
Non-Reccuring Items |
0
|
4
|
4
|
4
|
(0)
|
(4)
|
(5)
|
(5)
|
(24)
|
(27)
|
(26)
|
(43)
|
(20)
|
(17)
|
(17)
|
8
|
(91)
|
(91)
|
(91)
|
(99)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(3)
|
1
|
12
|
13
|
15
|
11
|
0
|
5
|
5
|
8
|
10
|
|
Total Other Income |
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(1)
|
(1)
|
(0)
|
(1)
|
(1)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
8
|
8
|
7
|
7
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
|
Pre-Tax Income |
83
N/A
|
78
-6%
|
56
-29%
|
46
-18%
|
15
-68%
|
(3)
N/A
|
(9)
-246%
|
(18)
-98%
|
(48)
-163%
|
(60)
-25%
|
(64)
-8%
|
(81)
-26%
|
(56)
+31%
|
(41)
+26%
|
(34)
+18%
|
(3)
+92%
|
(85)
-2 969%
|
(75)
+11%
|
(70)
+8%
|
(68)
+2%
|
28
N/A
|
27
-2%
|
25
-8%
|
22
-11%
|
16
-27%
|
1
-96%
|
(15)
N/A
|
(17)
-13%
|
(13)
+24%
|
18
N/A
|
65
+252%
|
117
+80%
|
174
+49%
|
189
+9%
|
207
+9%
|
203
-2%
|
173
-15%
|
156
-10%
|
121
-22%
|
85
-30%
|
77
-9%
|
|
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
|
|
Income from Continuing Operations |
83
|
78
|
56
|
46
|
15
|
(3)
|
(9)
|
(18)
|
(48)
|
(60)
|
(64)
|
(81)
|
(56)
|
(41)
|
(34)
|
(3)
|
(85)
|
(75)
|
(70)
|
(68)
|
28
|
27
|
25
|
22
|
16
|
1
|
(15)
|
(17)
|
(13)
|
18
|
65
|
117
|
174
|
189
|
207
|
203
|
173
|
156
|
121
|
85
|
77
|
|
Net Income (Common) |
81
N/A
|
76
-7%
|
52
-31%
|
39
-25%
|
5
-87%
|
(15)
N/A
|
(23)
-58%
|
(32)
-39%
|
(62)
-92%
|
(74)
-19%
|
(78)
-6%
|
(95)
-22%
|
(70)
+27%
|
(55)
+21%
|
(50)
+11%
|
(18)
+64%
|
(99)
-458%
|
(89)
+10%
|
(81)
+9%
|
(80)
+2%
|
16
N/A
|
16
-3%
|
13
-17%
|
10
-22%
|
4
-58%
|
(11)
N/A
|
(27)
-139%
|
(29)
-9%
|
(25)
+12%
|
6
N/A
|
53
+732%
|
105
+99%
|
164
+55%
|
178
+9%
|
197
+10%
|
193
-2%
|
164
-15%
|
147
-10%
|
113
-24%
|
77
-32%
|
69
-9%
|
|
EPS (Diluted) |
1.01
N/A
|
0.9
-11%
|
0.61
-32%
|
0.46
-25%
|
0.06
-87%
|
-0.16
N/A
|
-0.27
-69%
|
-0.38
-41%
|
-0.74
-95%
|
-0.88
-19%
|
-0.93
-6%
|
-1.14
-23%
|
-0.83
+27%
|
-0.55
+34%
|
-0.48
+13%
|
-0.19
+60%
|
-0.98
-416%
|
-0.88
+10%
|
-0.8
+9%
|
-0.79
+1%
|
0.16
N/A
|
0.16
N/A
|
0.14
-13%
|
0.11
-21%
|
0.04
-64%
|
-0.1
N/A
|
-0.25
-150%
|
-0.27
-8%
|
-0.25
+7%
|
0.06
N/A
|
0.49
+717%
|
0.87
+78%
|
1.44
+66%
|
1.46
+1%
|
1.62
+11%
|
1.59
-2%
|
1.36
-14%
|
1.22
-10%
|
0.99
-19%
|
0.68
-31%
|
0.61
-10%
|