International Seaways Stock Income Statements

International Seaways Quarterly Income Statements Chart

Quarterly

Annual

Operating Profit

Net Income

International Seaways Quarterly Income Statements Table

Quarterly

Annual

Unit: USD	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2018-12-31	2017-12-31	2016-12-31

shipping revenues:
pool revenues, including 57,152, 70,090, 104,357 and 153,988
from companies accounted for by the equity method	148,772,000	137,596,000	150,992,500	170,007,000	207,681,000	226,282,000	175,408,500	194,465,000	247,591,000	259,578,000	115,932,250	215,240,000	164,727,000	83,762,000	74,340,000	50,543,000	26,455,000	24,659	272,729,515	49,217	100,059	101,209,000	95,427,000	46,278,000
time charter revenues	36,729,000	35,857,000	24,757,500	36,842,000	31,139,000	31,049,000	16,712,250	27,587,000	26,112,000	13,150,000
voyage charter revenues	10,140,000	9,941,000	11,330,000	18,341,000	18,589,000	17,070,000	16,865,000	19,656,000	18,500,000	14,402,000	16,725,000	13,102,000	15,337,000	11,545,000	10,312,000	20,609,000	8,135,000	7,399	59,901,093	19,372	13,011	15,524,000	20,669,000	17,362,000	17,756,000
	195,641,000	183,394,000	194,613,000	225,190,000	257,409,000	274,401,000	250,734,000	241,708,000	292,203,000	287,130,000	338,157,000	236,829,000	188,197,000	101,482,000	94,670,000	84,816,000	46,304,000	46,756	421,283,055	99,883	139,725
operating expenses:
voyage expenses	6,819,000	5,052,000	3,973,000	5,503,000	5,561,000	3,473,000	2,822,000	5,756,000	3,868,000	3,810,000	2,507,000	2,283,000	2,658,000	3,507,000	1,665,000	11,848,000	1,586,000	1,587	19,627,107	5,851	4,436	5,606,000	6,427,000	5,470,000	6,523,000
vessel expenses	67,421,000	67,028,000	73,171,000	71,269,000	67,840,000	63,381,000	71,023,000	64,596,000	65,151,000	58,769,000	62,229,000	58,565,000	59,563,000	60,317,000	70,679,000	58,174,000	27,877,000	26,327	128,278,261	31,501	30,278	32,960,000	31,571,000	30,350,000	30,746,000
charter hire expenses	9,627,000	9,145,000	8,998,000	7,245,000	6,948,000	6,648,000	8,805,000	11,297,000	10,502,000	8,800,000	9,333,000	7,797,000	7,693,000	7,309,000	6,651,000	5,679,000	5,863,000	5,741	30,089,787	6,442	7,540	10,231,000	12,913,000	14,381,000	13,033,000
depreciation and amortization	41,349,000	39,705,000	39,466,000	39,304,000	36,517,000	34,153,000	33,682,000	33,363,000	32,445,000	29,548,000	28,404,000	27,728,000	27,256,000	27,000,000	27,035,000	25,806,000	17,079,000	16,754	74,286,839	19,014	18,880	18,267,000	18,945,000	18,961,000	18,818,000
general and administrative	12,165,000	13,217,000	15,113,000	13,411,000	11,985,000	12,374,000	12,391,000	12,314,000	11,522,000	11,246,000	13,499,000	11,839,000	10,847,000	10,166,000	10,096,000	8,191,000	6,829,000	8,140	29,025,450	7,422	6,694	7,434,000	7,279,000	6,449,000	6,297,000
other operating expenses	122,000	95,000	105,000	985,000	1,454,000
third-party debt modification fees					168,000			148,000	13,000	407,000		71,000	900,000	187,000	84,000	26,000			231,768			232,000
gain on disposal of vessels and other assets	-11,229,000	-10,021,000				-51,000
total operating expenses	126,274,000	124,221,000	149,571,000	124,218,000	102,621,000	119,978,000	103,437,000	127,548,000	123,527,000	101,832,000	105,664,000	108,422,000	100,815,000	107,110,000	114,723,000	147,637,000	63,722,000	58,601	381,541,128	83,051	71,833	71,988,000	77,401,000	74,121,000	76,944,000
income from vessel operations	69,367,000	59,173,000	45,042,000	100,972,000	154,788,000	154,423,000	117,033,500	114,160,000	168,676,000					-5,628,000								53,349,000
other income	2,040,000	1,844,000	1,593,000	3,211,000	2,360,000	2,954,000
income before interest expense	71,407,000	61,017,000
interest expense	-9,761,000	-11,452,000	-11,895,000	-12,496,000	-12,425,000	-12,887,000	-14,081,000	-16,817,000	-17,914,000	-16,947,000	-17,091,000	-15,332,000	-12,558,000	-12,740,000	-11,871,000	-10,639,000	-7,006,000	-7,280	-36,683,111	-7,999	-8,881	-12,009,000	-14,281,000	-17,010,000	-17,443,000
net income	61,646,000	49,565,000	35,823,000	91,688,000	144,723,000	144,490,000	106,083,000	97,937,000	153,762,000													33,019,000	15,891,000	-11,095,000	-16,523,000
yoy	-57.40%	-65.70%	-66.23%	-6.38%	-5.88%
qoq	24.37%	38.36%	-60.93%	-36.65%	0.16%	36.20%	8.32%	-36.31%														107.78%	-243.23%	-32.85%
net income margin %
weighted-average number of common shares outstanding:
basic	49,323,071,000	49,307,449,000	49,270,496,000	49,544,412,000	49,387,193,000	48,972,842,000	48,978,452,000	48,861,356,000	49,029,784,000	49,138,613,000	49,381,459,000	49,312,716,000	49,602,181,000			46,903,955,000	28,051,946,000	28,023,815		27,932,928	28,469,969	29,154,639,000		29,249,233,000	29,220,345,000
diluted	49,476,481,000	49,528,814,000	49,680,127,000	49,881,317,000	49,721,858,000	49,377,948,000	49,428,967,000	49,275,022,000	49,404,837,000	49,646,331,000	49,844,904,000	49,743,700,000	49,878,645,000			46,903,955,000	28,051,946,000	28,023,815		28,026,005	28,639,780	29,348,393,000		29,249,233,000	29,220,345,000
per share amounts:
basic net income per share	1.25	1	0.73	1.85	2.93	2.95	2.163	2	3.13													1.13
diluted net income per share	1.25	1	0.72	1.84	2.91	2.92	2.145	1.99	3.11													1.12
pool revenues, including 46,910 and 83,898
pool revenues, including 57,062, 72,877, 211,050 and 250,909
(gain)/loss on disposal of vessels and other assets			-10,350,500	-13,499,000	-27,852,000
income before interest expense and income taxes			46,635,000	104,183,000	157,148,000	157,377,000	119,110,500	114,806,000	172,057,000					-257,000					35,062	21,980	73,240	45,028,000
income before income taxes			34,740,000	91,687,000	144,723,000	144,490,000	106,191,000	97,989,000	154,143,000					-12,997,000								33,019,000	15,892,000	-11,095,000	-16,523,000
income tax benefit/			1,083,000	1,000						1,000
pool revenues, including 70,090, 86,325, 153,988 and 178,032
income tax provision							-3,446,000	-52,000	-381,000		-25,000	-7,000	-52,000	-4,000	-1,582,000	-35,000	-1,000		-0.25		-1
pool revenues, including 83,898 and 91,707
income tax benefit
pool revenues, including 72,877, 52,722, 250,909 and 107,106
loss/(gain) on disposal of vessels and other assets, net of impairments							-2,662,000	74,000	26,000		-2,334,750	139,000
equity in results of affiliated companies
operating income							117,033,500	114,160,000	168,676,000					-31,000					38,436.25	22,188	73,097	58,460,000
yoy
qoq							2.52%	-32.32%											73.23%	-69.65%	-99.87%
operating margin %
other income/							2,344,000	646,000	3,381,000	4,281,000	2,772,000	360,000					267,000	292			143		539,750	284,000	839,000
pool revenues, including 86,325, 31,114, 178,032 and 54,385
pool revenues, including 91,707 and 23,271
gain on disposal of vessels and other assets, net of impairments										-10,748,000
income/(loss) from vessel operations										185,298,000	232,493,000	128,407,000	87,382,000						39,741,927	16,832	67,892
operating income/										185,298,000	232,773,000	128,406,000	82,220,000										33,275,000	5,631,000	81,000
income/(loss) before interest expense and income taxes										189,579,000	235,545,000	128,766,000	81,646,000										30,173,000	5,915,000	920,000
income/(loss) before income taxes										172,632,000	218,454,000	113,434,000	69,088,000						27,839.75	13,981	64,359
net income/										172,633,000	218,429,000	113,427,000							27,839.5	13,981	64,358
basic net income/(loss) per share										3.51									0.975	0.5	2.26
diluted net income/(loss) per share										3.47									0.97	0.5	2.24
pool revenues, including 52,722, 14,552, 107,106 and 49,656
time and bareboat charter revenues											10,239,000	8,487,000	8,133,000	6,175,000	10,018,000	13,664,000	11,714,000	14,698	88,652,447	31,294	26,655	8,604,000	7,926,000	7,638,000	6,541,000
merger and integration related costs															3,180,000	47,079,000	481,000
equity in (loss)/income of affiliated companies											108,500	-1,000	-5,162,000
less: net income attributable to noncontrolling interests															-131,500	-526,000
net income/(loss) attributable to the company											218,429,000	113,427,000	69,036,000
basic net earnings/(loss) per share											0.855	2.3	1.39
diluted net earnings/(loss) per share											0.85	2.28	1.38
pool revenues, including 31,114, 17,857, 54,385 and 35,104
(gain)/loss on disposal of vessels and other assets, net of impairments													-8,102,000	-1,376,000
other (expense)/income													-574,000	-226,000	111,500	-113,000			-3,374.25	-208		-13,432,000
pool revenues, including 23,271 and 17,247
equity in income of affiliated companies														5,597,000	5,265,000	5,730,000	5,375,000	5,468	4,103,328	5,356	5,205	5,111,000	-13,346,000	8,474,000	8,015,000
net income attributable to the company														-13,001,000
weighted-average number of common shares outstanding:
basic and diluted														49,571,337,000	38,407,007,000				28,372,375,000				29,225,483,000
basic and diluted net income per share														-0.26									0.54	-0.38	-0.57
pool revenues, including 14,552, 36,977, 49,656 and 178,934
reversal of expected credit losses															-4,750	-62,000
(gain)/loss on disposal of vessels and other property, net of impairments															-1,272,000	-9,104,000							7,000	-1,472,000
(loss)/income from vessel operations															-20,053,000	-62,821,000	-17,418,000	-11,845					2,136,750	-2,843,000	-7,934,000
operating (loss)/income															-14,788,000	-57,091,000	-12,043,000	-6,377
(loss)/income before interest expense and income taxes															-21,181,000	-57,204,000	-11,776,000	-6,085
(loss)/income before income taxes															-24,997,500	-67,843,000	-18,782,000	-13,365
net (loss)/income															-25,006,500	-67,878,000	-18,783,000	-13,365
net (loss)/income attributable to the company															-24,875,000	-67,352,000
basic net (loss)/income per share															-0.725	-1.44	-0.67	-0.48
diluted net (loss)/income per share															-0.725	-1.44	-0.67	-0.48
pool revenues, including 17,857, 71,282, 35,104 and 141,957
benefit from credit losses																	2,000	41	-70,920	-13	-129	62,000	-14,000	-18,000	-21,000
loss on disposal of vessels and other property, including impairments																	4,005,000				4,134
pool revenues, including 17,247 and 70,675
loss/(gain) on disposal of vessels and other property, including impairments																		11	3,541	12,834
pool revenues, including 36,977, 30,224, 178,934 and 98,115
pool revenues, including 71,282, 26,731, 141,957 and 67,891
pool revenues, including 70,675 and 41,160
gain on disposal of vessels and other property																						-2,804,000
pool revenues, including 30,224, 20,514, 98,115 and 49,639
pool revenues, including 26,731, 16,355, 67,891 and 29,125
received from companies accounted for by the equity method																									44,713,000
loss/(gain) on disposal of vessels and other property, net of impairments																									1,548,000

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