Golden Ocean Group Stock Income Statements

Golden Ocean Group Quarterly Income Statements Chart

Quarterly

Annual

Net Income

Golden Ocean Group Quarterly Income Statements Table

Quarterly

Annual

Unit: USD	2023-12-31	2023-06-30	2022-12-31	2022-06-30	2021-12-31	2021-06-30	2020-12-31	2020-06-30	2019-12-31	2019-06-30	2018-12-31	2018-06-30	2017-12-31	2017-06-30	2017-03-31	2016-12-31	2016-06-30	2016-05-12	2015-12-31	2015-11-30	2015-05-31	2014-12-31	2014-06-30	2014-05-31	2014-02-28	2013-12-31	2013-12-31	2013-08-31	2013-05-31	2013-02-28	2012-12-31	2012-11-30	2012-08-31	2012-05-31	2012-02-29	2011-12-31	2011-11-30	2011-08-31	2011-06-30	2011-02-28	2010-12-31	2010-08-31	2010-06-30	2010-05-31	2010-03-31	2010-02-28	2009-12-31	2009-11-30	2009-08-31	2009-05-31	2009-02-28	2008-11-30	2008-08-31	2008-06-30	2008-04-18	2008-02-29	2007-11-30	2007-08-31

operating revenues																								20,105,000					6,469,000					23,224,000										24,186,000						15,736,000				25,008,000
time charter revenues	253,134,000	181,693,000	248,554,000	345,241,000	398,441,000	205,518,000	149,423,000	86,250,000	171,807,000	128,139,000	171,824,000	159,645,000	147,832,000	85,175,000		52,880,000	38,527,000					16,589,000	6,067,000																17,897,000				17,981,000		20,309,000
voyage charter revenues	219,720,000	226,946,000	282,240,000	236,158,000	370,589,000	227,223,000	203,748,000	166,382,000	291,317,000	112,867,000	192,783,000	130,021,000	129,948,000	95,821,000		102,635,000	56,473,000					45,102,000	8,604,000																1,678,000				6,717,000		3,877,000
other revenues	3,013,000	1,261,000	813,000	450,000	396,000	1,014,000	1,118,000	1,022,000	883,000	786,000	632,000	1,165,000	586,000	661,000
total operating revenues	475,867,000	409,900,000	531,607,000	581,849,000	769,426,000	433,755,000	354,289,000	253,654,000	464,007,000	241,792,000	365,239,000	290,831,000	278,366,000	181,657,000		157,229,000	100,579,000	190,238,000				76,122,000	20,593,000																22,897,000				26,341,000		24,186,000
gain on sale of assets	6,605,000	2,583,000	24,669,000	9,516,000
other operating income (expenses)			-103,250	-413,000	889,750	3,559,000	603,000	2,362,000	-3,986,000	2,816,000	1,942,000	1,049,000
operating expenses
voyage expenses and commissions	122,535,000	123,626,000	155,649,000	122,901,000	150,677,000	102,188,000	26,926,250	107,705,000	16,776,000	67,104,000	15,861,250	63,445,000						78,099,000
ship operating expenses	127,889,000	124,061,000	117,437,000	108,534,000	109,994,000	98,900,000	91,076,000	100,159,000	102,320,000	90,818,000	75,197,000	76,429,000	73,590,000	58,608,000		55,176,000	50,667,000	83,022,000				15,361,000	3,315,000	3,042,000					1,973,000					3,441,000					5,845,000				3,916,000	4,786,000	4,786,000					3,992,000				3,541,000
charter hire expenses	15,233,000	26,992,000	31,723,000	25,683,000	42,487,000	47,072,000	37,573,000	29,239,000	86,163,000	31,616,000	46,014,000	46,698,000	41,219,000	29,454,000		26,771,000	26,920,000	30,719,000			43,268,000
administrative expenses	9,350,000	9,329,000	9,751,000	10,624,000	9,429,000	8,720,000	7,128,000	6,594,000	7,318,000	6,805,000	7,348,000	7,357,000	6,430,000	6,128,000		5,842,000	6,886,000	12,469,000			11,864,000	3,942,000	1,095,000	1,384,000					1,070,000					985,000					794,000				917,000	501,000	501,000					374,000				363,000
impairment loss on vessels		11,780,000				4,187,000						1,080,000
depreciation	71,461,000	64,087,000	64,871,000	64,968,000	66,653,000	57,046,000	55,222,000	56,081,000	46,992,000	46,853,000	46,678,000	45,470,000	42,109,000	35,984,000		32,639,000	30,794,000	52,728,000			47,475,000	15,816,000	3,745,000	2,647,000					2,744,000					5,680,000					5,674,000				4,478,000	4,429,000	4,429,000					3,372,000				3,428,000
total operating expenses	346,468,000	359,875,000	379,431,000	332,710,000	379,240,000	318,113,000	278,559,000	394,011,000	360,777,000	243,196,000	273,829,000	240,479,000	228,332,000	185,185,000		172,372,000	155,994,000	414,363,000			418,282,000	63,431,000	13,798,000	8,672,000					5,920,000					14,601,000					14,323,000				12,059,000	13,115,000	13,115,000					8,872,000				9,819,000
net operating income	136,004,000	52,608,000	176,845,000	258,242,000	394,407,000	119,201,000	76,333,000	-137,995,000	99,244,000	1,412,000	93,483,000	51,530,000						-234,913,000				12,691,000	6,795,000	11,433,000					549,000					8,623,000					8,574,000				14,282,000	11,071,000	11,071,000					6,864,000				15,189,000
other income																		1,306,000
interest income	2,032,000	2,685,000	2,051,000	294,000	230,000	254,000	407,000	786,000	1,659,000	2,775,000	4,420,000	3,156,000	1,377,000	830,000		835,000	831,000	849,000			1,134,000	24,000	5,000	5,000					20,000					5,000					14,000				5,000	3,000	3,000					33,000				773,000
interest expense	-57,467,000	-46,197,000	-34,094,000	-22,154,000	-21,355,000	-18,554,000	-19,564,000	-27,913,000										-28,270,000			-31,394,000	-47,750	-191,000	-564,000					-845,000					-1,331,000					-1,254,000				-738,000	-735,000	-735,000					-375,000				-1,091,000
share of results of associated companies	2,448,000	9,868,000
gain on derivatives	4,409,000	6,962,000	14,091,000	25,877,000	6,810,000	23,655,000	5,947,000	-23,397,000			3,234,000	7,931,000
other financial items	-1,032,000	202,000	20,000	-242,000	442,000	35,000	10,113,000	-10,938,000					46,000	455,000				-1,897,000			-3,188,000	-35,250	-141,000	-114,000					-150,000					-163,000					-154,000				-112,000	-95,000	-95,000					-28,000				-45,000
net other income	-49,323,000	-26,480,000	-3,756,000	30,895,000	5,076,000	8,923,000	-11,850,000	-64,026,000
net income before tax	6,532,000	26,128,000	72,284,250	289,137,000	32,031,000	128,124,000	-50,505,250	-202,021,000			6,422,000	25,688,000
income tax expense	481,000	60,000	314,000	65,000	339,000	50,000	51,000	80,000	162,000	75,000	207,000	25,000	9,000	47,000
net income	86,200,000	26,068,000	172,775,000	289,072,000	399,144,000	128,074,000	64,432,000	-202,101,000			58,872,000	25,663,000						-220,839,000				9,713,000	6,282,000	10,718,000					-6,938,000					7,134,000					7,180,000				13,437,000	10,244,000	10,244,000					6,494,000				14,826,000
yoy	-78.40%	-79.65%	168.15%	-243.03%			9.44%	-887.52%										-2373.64%																					-46.57%											-56.20%
qoq	230.67%	-84.91%	-40.23%	-27.58%	211.65%	98.77%	-131.88%				129.40%											54.62%	-41.39%																				31.17%	0.00%
net income margin %
per share information:
basic earnings per share	0.033	0.13	0.36	1.44	0.175	0.7																		0.35					-0.28
diluted earnings per share	0.033	0.13	0.358	1.43	0.173	0.69
equity results of associated companies			6,780,000	27,120,000	883,250	3,533,000	-641,000	-2,564,000	44,500	178,000	81,250	325,000
impairment loss on right of use assets								94,233,000
basic and diluted earnings per share							-0.353	-1.41	-0.07	-0.28											-0.3
dividends per share									0.033	0.13	0.05	0.2
gain on sale of assets and amortization of deferred gains											131,000	129,000	32,000	128,000		134,000	166,000
earnings per share: basic and diluted											0.41	0.18										0.033	0.13																0.3				0.79		0.6
bareboat charter revenues																12,000	2,387,000
other operating income													888,000	2,993,000		1,702,000	3,192,000					14,431,000	5,922,000
voyage expenses and commission													63,918,000	55,011,000		51,944,000	37,942,000				75,971,000	28,312,000	5,643,000																				2,748,000		3,399,000
benefit from uncollectible receivables																	1,800,000	4,729,000
impairment loss on leased vessels
equity results of associated companies, including impairment													4,377,000	243,000
impairment loss on marketable securities																		-23,323,000
net (loss) before income taxes
(loss) per share: basic and diluted													-0.065	-0.26
86,222															71,007,000
78															56,000
23,876															28,068,000
27,202															27,975,000
14,267															12,504,000
3,130															2,712,000
-																			-574,000	-2,296,000											-3,169,750	-12,679,000									11,375,000	45,500,000				44,300,000									12,279,750	49,119,000
16,431															16,207,000
84,906															87,466,000
1,395															-16,403,000
386															449,000
(12,096															-11,718,000
16,734															412,000
299															130,000
(445															425,000
4,879															-10,302,000
203															-29,000
6,476															-26,734,000
0.06															-250
impairment loss on vessels owned and leased																246,250	985,000
loss on derivatives																		-6,939,000
bargain purchase gain arising on consolidation																		78,876,000
net other (expenses) income
net income before income taxes
loss per share: basic and diluted																-0.318	-1.27
time charter revenue																		85,960,000
voyage charter revenue																		102,972,000
loss on sale of assets and amortization of deferred gains																		-10,788,000
impairment loss on vessels and newbuildings																		152,597,000
other losses
equity results from associated companies, including impairment																		-5,033,000
income before income taxes																		-220,650,000
income taxes																		-189,000
weighted-average number of common shares outstanding
basic and diluted																		151,217,000
net income per common share
basic and diluted																		-1,460
19,336																			16,423,000	65,692,000
11,257																			6,067,000	24,268,000
6,598																			6,638,250	26,553,000
533																			770,000	3,080,000
5,574																			3,590,750	14,363,000
23,962																			22,042,500	88,170,000
3																			40,750	163,000
operating revenue
time charter and voyage charter revenues																					246,005,000
other operating revenue																					7,453,000
total operating revenue																					253,458,000
impairment of trade receivables
vessel operating expenses																					56,404,000
impairment of vessels and vessels held under finance leases																					183,300,000
other gain (losses) net
share of income from associates and joint ventures																					2,017,000
adjustment of financial lease obligation																					51,454,000
other gains net																					9,397,000
total other gains net																					62,868,000
operating profit																					-101,956,000
total net financial items																					-33,448,000
profit before income tax																					-135,404,000
income tax																					-197,000
profit for the period																					-135,601,000
other comprehensive income:
items that will not be subsequently reclassified to profit or loss
remeasurements of post employment obligations																					-829,000
items that may be subsequently reclassified to profit or loss
changes in fair value of available-for-sale financial assets																					-3,588,000
recycling of changes in fair value of sold available-for-sale financial assets																					-4,164,000
currency translation differences
total comprehensive income for the period																					-144,182,000
profit attributable to:
- owners of the parent																					-135,008,000
- non-controlling interests																					-593,000
comprehensive income attributable to:
owners of the parent																					-143,589,000
non-controlling interests																					-593,000
see accompanying notes that are an integral part of these financial statements
net other incomes																						-81,750	-327,000																-1,394,000				-845,000		-827,000
net income from continuing operations																						9,785,000	6,468,000	10,760,000					-426,000
net income from discontinued operations																						-46,500	-186,000	-42,000					-6,512,000
earnings per share from continuing operations: basic and diluted																						0.035	0.14
loss per share from discontinued operations: basic and diluted																						-0.003	-0.01
cash dividends per share declared																						0.05	0.2																0.5				0.4		0.4
voyage expenses																								1,599,000					133,000					4,495,000					2,010,000					3,399,000						1,134,000				2,487,000
total other incomes																								-673,000					-975,000					-1,489,000										-827,000						-370,000				-363,000
basic earnings per share from continuing operations																								0.35					-0.02
basic loss per share from discontinued operations
income on timecharter basis ( per day per vessel)*																																																						55,300
capesize																								25,200					17,900					35,600										45,500
* calender days less off-hire after deduction of broker commission
8,608																									13,467,000
240																									2,925,000
2,072																									2,043,000
1,206																									1,508,000
2,795																									2,793,000
6,313																									9,269,000
2,295																									4,198,000
49																									6,000
(924																									-592,000
(122																									-129,000
(997																									-715,000
1,298																									3,483,000
(1,574																									-472,000
(276																									3,011,000
0.05																									120
(0.06																									-20
(0.01																									100
22,700																									28,600,000
11,164
2,780
1,927
943																										9,950,000	9,950,000
2,792																										2,232,000	2,232,000			2,795,000
8,442																										2,022,000	2,022,000
2,722																										1,014,000	1,014,000
36																										2,792,000	2,792,000
(947																										8,060,000	8,060,000
(117																										1,890,000	1,890,000
(1,028																										6,000	6,000
1,694																										-682,000	-682,000
(58,699																										-113,000	-113,000
(57,005																										-789,000	-789,000
0.07																										1,101,000	1,101,000
(2.40																										-93,000	-93,000
(2.33																										1,008,000	1,008,000
22,800																										40	40
3,905																										-4	-4	7,660,000
612																										40	40	1,519,000
1,867																										21,000,000	21,000,000	1,859,000
1,125																												1,345,000
2,762																												2,750,000
6,366																												7,473,000
(2,461																												187,000
17																												9,000
(939																												-708,000
(101																												-116,000
(1,023																												-815,000
(3,484																												-628,000
202																												-356,000
(3,282																												-984,000
(0.14																												-30
0.01																												-10
(0.13																												-40
9,100																												16,900,000
basic earnings per share from discontinued operations																													-0.26
13,898																														8,608,000
484																														240,000
2,029																														2,069,000
942																														1,206,000
6,247																														6,310,000
7,651																														2,298,000
7																														49,000
(929																														-924,000
(125																														-122,000
(1,047																														-997,000
6,604																														1,301,000
1,184																														-1,577,000
7,788																														-276,000
0.27																														50
0.50																														-60
0.32																														-10
26,900																														9,200,000
36,500																														22,700,000
25,966																															12,986,750	51,947,000
4,728																															4,010,000	16,040,000
4,054																															2,582,500	10,330,000
973																															763,250	3,053,000
5,737																															4,250,500	17,002,000
15,492																															22,005,500	88,022,000
10,474																															-12,188,500	-48,754,000
13																															15,000	60,000
(1,249																															-975,500	-3,902,000
(159																															-139,250	-557,000
(1,395																															-1,099,750	-4,399,000
9,079																															-13,288,250	-53,153,000
0.37																															-547.5	-2,190
25,300																															3,750,000	15,000,000
36,800																															5,625,000	22,500,000																					58,700,000
22,897																																	12,958,000
2,010																																	4,621,000
5,845																																	3,414,000
794																																	1,125,000
5,674																																	5,674,000
14,323																																	14,834,000
8,574																																	-1,876,000
14																																	19,000			3,250	13,000
(1,254																																	-1,281,000
(154																																	-144,000
(1,394																																	-1,406,000
7,180																																	-3,282,000
0.30																																	-130
29,000																																	20,100,000
36,600																																	9,100,000
operating expense
earnings per share - basic																																		0.29
earnings per share - diluted																																		0.29
vlcc																																		23,400										35,500
21,626																																			24,946,000
1,045																																			3,389,000
6,715																																			3,948,000
841																																			942,000
5,581																																			5,736,000
14,182																																			14,015,000
7,444																																			10,931,000
32																																			7,000
(1,248																																			-1,289,000
(224																																			-161,000
(1,440																																			-1,443,000
6,004																																			9,488,000
0.25																																			390
34,400																																			26,900,000
36,900																																			36,500,000					34,400,000
23,744																																				6,491,500	25,966,000
3,275																																				1,182,000	4,728,000
4,261																																				1,013,500	4,054,000
759																																				243,250	973,000
5,079																																				1,434,250	5,737,000
13,374																																				3,873,000	15,492,000
10,370																																				2,618,500	10,474,000
(1,219																																				-312,250	-1,249,000
(293																																				-39,750	-159,000
(1,498																																				-348,750	-1,395,000
8,872																																				2,269,750	9,079,000
0.48																																				92.5	370
30,800																																				6,325,000	25,300,000
40,700																																				9,200,000	36,800,000
26,341																																						22,897,000
2,748																																						2,010,000
3,916																																						5,845,000
917																																						794,000
4,478																																						5,674,000
12,059																																						14,323,000
14,282																																						8,574,000
5																																						14,000
(738																																						-1,254,000
(112																																						-154,000
(845																																						-1,394,000
13,437																																						7,180,000
0.79																																						300
49,800																																						29,000,000
45,500																																						36,600,000
bareboat revenues																																							3,322,000				1,643,000
23,418																																								21,626,000
3,011																																								1,045,000
5,531																																								6,715,000
588																																								841,000
4,296																																								5,581,000
13,426																																								14,182,000
9,992																																								7,444,000
4																																								32,000
(874																																								-1,248,000
(136																																								-224,000
(1,006																																								-1,440,000
8,986																																								6,004,000
0.53																																								250															882.5	3,530
44,300																																								36,900,000
13,972																																									6,585,250	26,341,000
2,269																																									687,000	2,748,000
4,459																																									979,000	3,916,000
403																																									229,250	917,000
3,409																																									1,119,500	4,478,000
10,540																																									3,014,750	12,059,000
3,432																																									3,570,500	14,282,000
29																																									1,250	5,000
(327																																									-184,500	-738,000
(38																																									-28,000	-112,000
(336																																									-211,250	-845,000
3,096																																									3,359,250	13,437,000
0.18																																									197.5	790
33,100																																									12,450,000	49,800,000
earnings per share																																												0.6						0.38				0.87
16,109																																														23,418,000
239																																														3,011,000
3,843																																														5,531,000
392																																														588,000
3,427																																														4,296,000
7,901																																														13,426,000
8,208																																														9,992,000
415																																														4,000
(808																																														-874,000
(51																																														-136,000
(444																																														-1,006,000
7,764																																														8,986,000
0.45																																														530
43,900																																														36,900,000
19,813																																															3,553,250	14,213,000
654																																															543,500	2,174,000
3,908																																															1,211,750	4,847,000
406																																															114,500	458,000
3,428																																															816,500	3,266,000	3,409,000
8,396																																															2,686,250	10,745,000
11,417																																															867,000	3,468,000
591																																															14,250	57,000
(663																																															-79,750	-319,000
(47																																															-25,500	-102,000
(119																																															-91,000	-364,000
11,298																																															776,000	3,104,000
0.66																																															45	180
52,800																																															8,400,000	33,600,000
21,984																																																	13,972,000
632																																																	2,269,000
3,243																																																	4,459,000
377																																																	403,000			406,000
7,680																																																	10,540,000
14,304																																																	3,432,000
557																																																	29,000
14,166																																																	3,096,000
0.83																																																	180
58,700																																																	33,100,000
income on timecharter basis ( per day per vessel)* vlcc																																																		40,700
24,201																																																			16,109,000
49,119
2,689																																																			239,000
4,398																																																			3,843,000
351																																																			392,000
4,210																																																			3,427,000
11,648																																																			7,901,000
61,672																																																			8,208,000
262																																																			415,000
(1,490																																																			-808,000
(91																																																			-51,000
(1,319																																																			-444,000
60,353																																																			7,764,000
3.53																																																			450
46,800																																																			43,900,000
20,166																																																				19,813,000
2,770																																																				654,000
3,712																																																				3,908,000
4,316																																																				3,428,000					4,316,000
11,175																																																				8,396,000
8,991																																																				11,417,000
260																																																				591,000
(1,602																																																				-663,000
(45																																																				-47,000
(1,387																																																				-119,000
7,604																																																				11,298,000
0.44																																																				660
39,200																																																				52,800,000
19,735																																																					21,984,000
3,060																																																					632,000
3,399																																																					3,243,000
381																																																					377,000
4,269																																																					3,428,000					4,269,000
11,109																																																					7,680,000
8,626																																																					14,304,000
242																																																					557,000
(1,627																																																					-654,000
(30																																																					-41,000
(1,415																																																					-138,000
7,211																																																					14,166,000
0.42																																																					830
gain on sale of asset
other income/
24,460																																																							6,050,250	24,201,000
5,722																																																							672,250	2,689,000
3,523																																																							1,099,500	4,398,000
350																																																							87,750	351,000
4,315																																																							1,052,500	4,210,000
13,910																																																							2,912,000	11,648,000
10,550																																																							15,418,000	61,672,000
358																																																							65,500	262,000		242,000
(1,752																																																							-372,500	-1,490,000
(3																																																							-22,750	-91,000
(1,397																																																							-329,750	-1,319,000
9,153																																																							15,088,250	60,353,000
41,700																																																							11,700,000	46,800,000
30,379																																																									20,166,000
6,180																																																									2,770,000
3,589																																																									3,712,000
308																																																									377,000
14,393																																																									11,175,000
15,986																																																									8,991,000
343																																																									260,000
(1,836																																																									-1,602,000
6																																																									-45,000
(1,487																																																									-1,387,000
14,499																																																									7,604,000
17,100																																																									17,100,000	17,100,000
0.85																																																									440
23,678																																																										19,735,000
4,999																																																										3,060,000
4,679																																																										3,399,000
449																																																										381,000
14,396																																																										11,109,000
9,282																																																										8,626,000
7,889																																																										7,211,000
0.46																																																										420

We provide you with 20 years income statements for Golden Ocean Group stock, allowing you to gain comprehensive visibility into the fundamentals of the company. Our detailed breakdowns include key financial metrics such as earnings, sales and marketing expenses, research and development costs, profits, and profit margins. This in-depth information is essential for making informed investment decisions and understanding the financial health and performance of Golden Ocean Group stock. Explore the full financial landscape of Golden Ocean Group stock with our expertly curated income statements.

The information provided in this report about Golden Ocean Group stock is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.