Tsakos Energy Navigation Ltd
NYSE:TNP
Income Statement
Earnings Waterfall
Tsakos Energy Navigation Ltd
Revenue
|
889.6m
USD
|
Cost of Revenue
|
-375.3m
USD
|
Gross Profit
|
514.2m
USD
|
Operating Expenses
|
-177.6m
USD
|
Operating Income
|
336.7m
USD
|
Other Expenses
|
-69.9m
USD
|
Net Income
|
266.7m
USD
|
Income Statement
Tsakos Energy Navigation Ltd
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 |
418
N/A
|
451
+8%
|
455
+1%
|
469
+3%
|
501
+7%
|
520
+4%
|
561
+8%
|
582
+4%
|
588
+1%
|
561
-5%
|
527
-6%
|
494
-6%
|
482
-3%
|
498
+3%
|
510
+2%
|
525
+3%
|
529
+1%
|
517
-2%
|
508
-2%
|
511
+0%
|
530
+4%
|
551
+4%
|
571
+4%
|
576
+1%
|
598
+4%
|
629
+5%
|
676
+7%
|
688
+2%
|
644
-6%
|
604
-6%
|
550
-9%
|
539
-2%
|
546
+1%
|
557
+2%
|
637
+14%
|
729
+14%
|
860
+18%
|
972
+13%
|
977
+0%
|
940
-4%
|
890
-5%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(248)
|
(267)
|
(272)
|
(280)
|
(283)
|
(283)
|
(286)
|
(282)
|
(274)
|
(261)
|
(250)
|
(246)
|
(253)
|
(266)
|
(276)
|
(283)
|
(288)
|
(295)
|
(299)
|
(310)
|
(318)
|
(318)
|
(326)
|
(322)
|
(317)
|
(323)
|
(322)
|
(333)
|
(346)
|
(358)
|
(374)
|
(390)
|
(401)
|
(407)
|
(425)
|
(433)
|
(433)
|
(434)
|
(407)
|
(386)
|
(375)
|
|
Gross Profit |
171
N/A
|
184
+8%
|
184
N/A
|
188
+3%
|
218
+16%
|
237
+9%
|
276
+16%
|
300
+9%
|
314
+5%
|
300
-4%
|
277
-8%
|
248
-10%
|
229
-8%
|
232
+1%
|
234
+1%
|
242
+4%
|
242
0%
|
222
-8%
|
209
-6%
|
201
-4%
|
212
+5%
|
233
+10%
|
246
+5%
|
254
+3%
|
281
+11%
|
307
+9%
|
354
+15%
|
355
+0%
|
298
-16%
|
247
-17%
|
176
-29%
|
148
-16%
|
145
-2%
|
150
+4%
|
213
+41%
|
297
+40%
|
428
+44%
|
538
+26%
|
570
+6%
|
554
-3%
|
514
-7%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(137)
|
(164)
|
(164)
|
(165)
|
(143)
|
(140)
|
(138)
|
(133)
|
(128)
|
(121)
|
(123)
|
(132)
|
(139)
|
(146)
|
(153)
|
(160)
|
(165)
|
(182)
|
(172)
|
(173)
|
(174)
|
(239)
|
(170)
|
(235)
|
(167)
|
(168)
|
(169)
|
(167)
|
(166)
|
(166)
|
(167)
|
(171)
|
(172)
|
(171)
|
(169)
|
(169)
|
(171)
|
(173)
|
(179)
|
(178)
|
(178)
|
|
Selling, General & Administrative |
(21)
|
(21)
|
(21)
|
(21)
|
(21)
|
(22)
|
(23)
|
(22)
|
(22)
|
(21)
|
(23)
|
(24)
|
(26)
|
(26)
|
(25)
|
(26)
|
(26)
|
(27)
|
(27)
|
(27)
|
(27)
|
(27)
|
(27)
|
(28)
|
(28)
|
(29)
|
(30)
|
(29)
|
(29)
|
(28)
|
(28)
|
(29)
|
(29)
|
(29)
|
(29)
|
(30)
|
(30)
|
(30)
|
(35)
|
(33)
|
(33)
|
|
Depreciation & Amortization |
(100)
|
(101)
|
(101)
|
(101)
|
(103)
|
(104)
|
(106)
|
(106)
|
(106)
|
(106)
|
(106)
|
(108)
|
(113)
|
(120)
|
(127)
|
(134)
|
(139)
|
(141)
|
(140)
|
(142)
|
(119)
|
(141)
|
(139)
|
(136)
|
(129)
|
(136)
|
(139)
|
(138)
|
(127)
|
(137)
|
(139)
|
(142)
|
(130)
|
(142)
|
(140)
|
(140)
|
(127)
|
(143)
|
(144)
|
(144)
|
(128)
|
|
Other Operating Expenses |
(16)
|
(42)
|
(42)
|
(42)
|
(19)
|
(13)
|
(9)
|
(5)
|
0
|
5
|
5
|
0
|
0
|
0
|
0
|
0
|
0
|
(15)
|
(5)
|
(4)
|
(28)
|
(71)
|
(5)
|
(71)
|
(11)
|
(3)
|
0
|
0
|
(10)
|
0
|
0
|
0
|
(13)
|
0
|
0
|
0
|
(14)
|
0
|
0
|
0
|
(16)
|
|
Operating Income |
33
N/A
|
20
-41%
|
20
+2%
|
23
+17%
|
76
+223%
|
97
+29%
|
138
+42%
|
167
+21%
|
186
+11%
|
179
-4%
|
154
-14%
|
116
-25%
|
90
-23%
|
86
-4%
|
81
-6%
|
82
+1%
|
76
-7%
|
39
-48%
|
37
-6%
|
28
-25%
|
38
+37%
|
(6)
N/A
|
75
N/A
|
19
-75%
|
114
+501%
|
139
+22%
|
185
+33%
|
188
+2%
|
132
-30%
|
81
-39%
|
9
-89%
|
(23)
N/A
|
(28)
-23%
|
(20)
+27%
|
44
N/A
|
128
+191%
|
257
+101%
|
365
+42%
|
391
+7%
|
376
-4%
|
337
-10%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(46)
|
(45)
|
(43)
|
(37)
|
(37)
|
(38)
|
(39)
|
(41)
|
(41)
|
(39)
|
(38)
|
(38)
|
(40)
|
(41)
|
(47)
|
(52)
|
(59)
|
(60)
|
(61)
|
(63)
|
(63)
|
(78)
|
(79)
|
(83)
|
(72)
|
(85)
|
(82)
|
(74)
|
(61)
|
(43)
|
(37)
|
(31)
|
(41)
|
(25)
|
(30)
|
(37)
|
(47)
|
(37)
|
(45)
|
(51)
|
(87)
|
|
Non-Reccuring Items |
(28)
|
0
|
0
|
0
|
0
|
0
|
0
|
5
|
5
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(13)
|
0
|
(13)
|
(13)
|
(66)
|
0
|
(66)
|
0
|
(28)
|
(26)
|
(44)
|
(44)
|
(35)
|
(37)
|
(25)
|
(25)
|
(92)
|
(92)
|
(86)
|
(87)
|
(0)
|
81
|
81
|
81
|
55
|
|
Total Other Income |
3
|
(0)
|
0
|
(2)
|
(5)
|
(3)
|
(2)
|
1
|
8
|
6
|
6
|
6
|
7
|
3
|
2
|
1
|
5
|
(1)
|
2
|
1
|
(10)
|
6
|
2
|
2
|
(0)
|
(2)
|
(0)
|
(0)
|
(8)
|
(0)
|
(1)
|
(0)
|
10
|
(2)
|
0
|
0
|
(1)
|
(29)
|
(31)
|
(31)
|
0
|
|
Pre-Tax Income |
(39)
N/A
|
(25)
+35%
|
(23)
+10%
|
(16)
+31%
|
34
N/A
|
57
+68%
|
98
+73%
|
133
+36%
|
158
+19%
|
147
-8%
|
122
-17%
|
84
-31%
|
57
-32%
|
49
-13%
|
37
-25%
|
31
-14%
|
9
-71%
|
(21)
N/A
|
(36)
-68%
|
(47)
-34%
|
(101)
-113%
|
(78)
+23%
|
(68)
+13%
|
(63)
+8%
|
14
N/A
|
25
+79%
|
59
+135%
|
70
+19%
|
27
-61%
|
0
-99%
|
(53)
N/A
|
(79)
-48%
|
(151)
-91%
|
(139)
+7%
|
(72)
+48%
|
4
N/A
|
209
+4 639%
|
380
+82%
|
395
+4%
|
375
-5%
|
305
-19%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Income from Continuing Operations |
(39)
|
(25)
|
(23)
|
(16)
|
34
|
57
|
98
|
133
|
158
|
147
|
122
|
84
|
57
|
49
|
37
|
31
|
9
|
(21)
|
(36)
|
(47)
|
(101)
|
(78)
|
(68)
|
(63)
|
14
|
25
|
59
|
70
|
27
|
0
|
(53)
|
(79)
|
(151)
|
(139)
|
(72)
|
4
|
209
|
380
|
395
|
375
|
305
|
|
Income to Minority Interest |
1
|
1
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(1)
|
1
|
1
|
2
|
2
|
2
|
1
|
1
|
0
|
(3)
|
(3)
|
(3)
|
(3)
|
(0)
|
(1)
|
(1)
|
(2)
|
(3)
|
(3)
|
(4)
|
(4)
|
(5)
|
(5)
|
(5)
|
|
Net Income (Common) |
(41)
N/A
|
(30)
+28%
|
(30)
-1%
|
(26)
+15%
|
25
N/A
|
48
+90%
|
88
+83%
|
121
+38%
|
145
+20%
|
131
-9%
|
106
-19%
|
68
-36%
|
40
-41%
|
32
-20%
|
17
-48%
|
9
-48%
|
(16)
N/A
|
(48)
-198%
|
(62)
-28%
|
(76)
-24%
|
(133)
-74%
|
(114)
+15%
|
(110)
+3%
|
(105)
+5%
|
(28)
+73%
|
(18)
+36%
|
16
N/A
|
25
+59%
|
(15)
N/A
|
(41)
-170%
|
(90)
-121%
|
(114)
-26%
|
(187)
-65%
|
(176)
+6%
|
(111)
+37%
|
(34)
+69%
|
168
N/A
|
339
+102%
|
352
+4%
|
334
-5%
|
267
-20%
|
|
EPS (Diluted) |
-3.6
N/A
|
-2.23
+38%
|
-1.88
+16%
|
-1.51
+20%
|
1.59
N/A
|
2.81
+77%
|
5.17
+84%
|
6.96
+35%
|
8.43
+21%
|
7.57
-10%
|
6.17
-18%
|
4.02
-35%
|
2.35
-42%
|
1.89
-20%
|
0.99
-48%
|
0.52
-47%
|
-0.95
N/A
|
-2.8
-195%
|
-3.54
-26%
|
-4.36
-23%
|
-7.63
-75%
|
-6.49
+15%
|
-6.23
+4%
|
-5.88
+6%
|
-1.58
+73%
|
-0.94
+41%
|
0.77
N/A
|
1.36
+77%
|
-0.8
N/A
|
-2.2
-175%
|
-4.81
-119%
|
-5.74
-19%
|
-9.5
-66%
|
-6.33
+33%
|
-3.76
+41%
|
-1.18
+69%
|
5.97
N/A
|
11.49
+92%
|
11.79
+3%
|
11.31
-4%
|
9.04
-20%
|