INSW: International Seaways Inc Financial Statements
Balance sheet, income statement, and cash flow statements for International Seaways Inc (INSW).
$1.77B Market Cap.
INSW Market Cap. (MRY)
INSW Shares Outstanding (MRY)
INSW Assets (MRY)
Total Assets
$2.64B
Total Liabilities
$780.35M
Total Investments
$36.17M
INSW Income (MRY)
Revenue
$951.61M
Net Income
$416.72M
Operating Expense
$172.21M
INSW Cash Flow (MRY)
CF Operations
$547.14M
CF Investing
-$155.02M
CF Financing
-$361.38M
INSW Balance Sheet (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total Assets | $2,636,397,000 (4.54%) | $2,521,819,000 (-3.58%) | $2,615,334,000 (11.44%) | $2,346,780,000 (47.92%) |
Assets Current | $376,323,000 (-19.07%) | $464,980,000 (-27.64%) | $642,615,000 (186.24%) | $224,499,000 (-12.59%) |
Assets Non-Current | $2,260,074,000 (9.88%) | $2,056,839,000 (4.26%) | $1,972,719,000 (-7.05%) | $2,122,281,000 (59.61%) |
Goodwill & Intangible Assets | $0 (0%) | $0 (0%) | $0 (0%) | $842,000 (0%) |
Shareholders Equity | $1,856,048,000 (8.11%) | $1,716,757,000 (15.39%) | $1,487,752,000 (27.19%) | $1,169,748,000 (20.34%) |
Property Plant & Equipment Net | $2,198,669,000 (8.99%) | $2,017,367,000 (4.94%) | $1,922,423,000 (-0.45%) | $1,931,062,000 (65.59%) |
Cash & Equivalents | $157,506,000 (24.26%) | $126,760,000 (-47.99%) | $243,744,000 (146.37%) | $98,933,000 (-54.13%) |
Accumulated Other Comprehensive Income | -$7,861,000 (-639.51%) | -$1,063,000 (-115.26%) | $6,964,000 (156.34%) | -$12,360,000 (62.10%) |
Deferred Revenue | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Total Investments | $36,173,000 (-61.06%) | $92,901,000 (-22.75%) | $120,255,000 (-33.79%) | $181,627,000 (26.08%) |
Investments Current | $0 (0%) | $60,000,000 (-25.00%) | $80,000,000 (0%) | $0 (0%) |
Investments Non-Current | $36,173,000 (9.94%) | $32,901,000 (-18.27%) | $40,255,000 (-77.84%) | $181,627,000 (26.08%) |
Inventory | $1,875,000 (41.08%) | $1,329,000 (150.28%) | $531,000 (-74.83%) | $2,110,000 (-41.41%) |
Trade & Non-Trade Receivables | $199,292,000 (-23.78%) | $261,468,000 (-13.52%) | $302,358,000 (168.17%) | $112,747,000 (135.67%) |
Trade & Non-Trade Payables | $66,264,000 (14.44%) | $57,904,000 (13.38%) | $51,069,000 (13.58%) | $44,964,000 (30.61%) |
Accumulated Retained Earnings (Deficit) | $359,142,000 (58.33%) | $226,834,000 (1157.65%) | -$21,447,000 (94.76%) | -$409,338,000 (-48.39%) |
Tax Assets | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Tax Liabilities | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Total Debt | $711,739,000 (-4.40%) | $744,530,000 (-30.72%) | $1,074,638,000 (-4.55%) | $1,125,900,000 (102.89%) |
Debt Current | $64,671,000 (-53.02%) | $137,670,000 (-33.27%) | $206,320,000 (10.27%) | $187,108,000 (165.97%) |
Debt Non-Current | $647,068,000 (6.63%) | $606,860,000 (-30.11%) | $868,318,000 (-7.51%) | $938,792,000 (93.73%) |
Total Liabilities | $780,349,000 (-3.07%) | $805,062,000 (-28.60%) | $1,127,582,000 (-4.15%) | $1,176,448,000 (91.45%) |
Liabilities Current | $130,935,000 (-33.05%) | $195,574,000 (-24.02%) | $257,389,000 (9.71%) | $234,611,000 (115.45%) |
Liabilities Non-Current | $649,414,000 (6.55%) | $609,488,000 (-29.96%) | $870,193,000 (-7.61%) | $941,837,000 (86.28%) |
INSW Income Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Revenues | $951,613,000 (-11.21%) | $1,071,775,000 (23.95%) | $864,665,000 (217.25%) | $272,546,000 (-35.36%) |
Cost of Revenue | $324,010,000 (2.80%) | $315,199,000 (11.08%) | $283,761,000 (26.86%) | $223,677,000 (25.57%) |
Selling General & Administrative Expense | $52,607,000 (10.81%) | $47,473,000 (2.42%) | $46,351,000 (39.46%) | $33,235,000 (14.70%) |
Research & Development Expense | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Operating Expenses | $172,210,000 (22.50%) | $140,577,000 (2.54%) | $137,092,000 (-14.79%) | $160,896,000 (-20.90%) |
Interest Expense | $49,703,000 (-24.42%) | $65,759,000 (13.93%) | $57,721,000 (56.87%) | $36,796,000 (0.23%) |
Income Tax Expense | -$1,084,000 (-127.95%) | $3,878,000 (4306.82%) | $88,000 (-94.56%) | $1,618,000 (161700.00%) |
Net Loss Income from Discontinued Operations | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Consolidated Income | $416,724,000 (-25.11%) | $556,446,000 (43.45%) | $387,891,000 (388.05%) | -$134,660,000 (-2334.64%) |
Net Income to Non-Controlling Interests | $0 (0%) | $0 (0%) | $0 (0%) | -$1,168,000 (0%) |
Net Income | $416,724,000 (-25.11%) | $556,446,000 (43.45%) | $387,891,000 (390.57%) | -$133,492,000 (-2313.52%) |
Preferred Dividends Income Statement Impact | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Income Common Stock | $416,724,000 (-25.11%) | $556,446,000 (43.45%) | $387,891,000 (390.57%) | -$133,492,000 (-2313.52%) |
Weighted Average Shares | $49,270,496 (0.60%) | $48,978,452 (-0.82%) | $49,381,459 (28.57%) | $38,407,007 (35.37%) |
Weighted Average Shares Diluted | $49,680,127 (0.51%) | $49,428,967 (-0.83%) | $49,844,904 (29.78%) | $38,407,007 (35.37%) |
Earning Before Interest & Taxes (EBIT) | $465,343,000 (-25.67%) | $626,083,000 (40.47%) | $445,700,000 (568.77%) | -$95,078,000 (-404.91%) |
Gross Profit | $627,603,000 (-17.05%) | $756,576,000 (30.24%) | $580,904,000 (1088.70%) | $48,869,000 (-79.93%) |
Operating Income | $455,393,000 (-26.07%) | $615,999,000 (38.80%) | $443,812,000 (496.17%) | -$112,027,000 (-379.29%) |
INSW Cash Flow Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Net Cash Flow from Investing | -$155,017,000 (-24.75%) | -$124,267,000 (-390.35%) | $42,799,000 (-67.89%) | $133,288,000 (311.79%) |
Net Cash Flow from Financing | -$361,375,000 (46.94%) | -$681,119,000 (-266.61%) | -$185,789,000 (-6.87%) | -$173,840,000 (5.04%) |
Net Cash Flow from Operations | $547,138,000 (-20.52%) | $688,402,000 (139.19%) | $287,801,000 (477.73%) | -$76,192,000 (-135.25%) |
Net Cash Flow / Change in Cash & Cash Equivalents | $30,746,000 (126.28%) | -$116,984,000 (-180.78%) | $144,811,000 (224.04%) | -$116,744,000 (-278.41%) |
Net Cash Flow - Business Acquisitions and Disposals | -$1,732,000 (52.40%) | -$3,639,000 (-102.59%) | $140,328,000 (201.83%) | $46,493,000 (374.27%) |
Net Cash Flow - Investment Acquisitions and Disposals | $60,000,000 (200.00%) | $20,000,000 (125.00%) | -$80,000,000 (0%) | $0 (0%) |
Capital Expenditure | -$208,285,000 (-48.11%) | -$140,628,000 (-702.26%) | -$17,529,000 (-120.20%) | $86,795,000 (284.64%) |
Issuance (Repayment) of Debt Securities | -$44,904,000 (87.29%) | -$353,198,000 (-293.17%) | -$89,834,000 (4.59%) | -$94,153,000 (33.66%) |
Issuance (Purchase) of Equity Shares | -$25,000,000 (-79.24%) | -$13,948,000 (30.32%) | -$20,017,000 (-20.15%) | -$16,660,000 (44.46%) |
Payment of Dividends & Other Cash Distributions | -$284,416,000 (7.70%) | -$308,154,000 (-341.22%) | -$69,841,000 (-70.60%) | -$40,939,000 (-504.71%) |
Effect of Exchange Rate Changes on Cash | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Share Based Compensation | $9,000,000 (5.66%) | $8,518,000 (26.27%) | $6,746,000 (-35.93%) | $10,529,000 (86.98%) |
Depreciation Amortization & Accretion | $149,440,000 (15.81%) | $129,038,000 (16.89%) | $110,388,000 (27.36%) | $86,674,000 (16.59%) |
INSW Financial Metrics (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Gross Margin | 66.00% (-6.52%) | 70.60% (5.06%) | 67.20% (275.42%) | 17.90% (-69.03%) |
Profit Margin | 43.80% (-15.61%) | 51.90% (15.59%) | 44.90% (191.63%) | -49.00% (-3669.23%) |
EBITDA Margin | 64.60% (-8.37%) | 70.50% (9.64%) | 64.30% (2174.19%) | -3.10% (-112.40%) |
Return on Average Equity (ROAE) | 22.50% (-33.82%) | 34.00% (14.09%) | 29.80% (340.32%) | -12.40% (-2380.00%) |
Return on Average Assets (ROAA) | 16.00% (-25.93%) | 21.60% (36.71%) | 15.80% (332.35%) | -6.80% (-2166.67%) |
Return on Sales (ROS) | 48.90% (-16.27%) | 58.40% (13.40%) | 51.50% (247.56%) | -34.90% (-571.62%) |
Return on Invested Capital (ROIC) | 15.30% (-23.88%) | 20.10% (41.55%) | 14.20% (473.68%) | -3.80% (-353.33%) |
Dividend Yield | 16.10% (16.67%) | 13.80% (263.16%) | 3.80% (-59.14%) | 9.30% (520.00%) |
Price to Earnings Ratio (P/E) | 4.25 (6.14%) | 4.01 (-15.03%) | 4.72 (211.81%) | -4.22 (94.83%) |
Price to Sales Ratio (P/S) | 1.86 (-10.44%) | 2.08 (-1.70%) | 2.11 (2.17%) | 2.07 (88.26%) |
Price to Book Ratio (P/B) | 0.95 (-26.47%) | 1.3 (6.14%) | 1.22 (91.98%) | 0.64 (35.32%) |
Debt to Equity Ratio (D/E) | 0.42 (-10.45%) | 0.47 (-38.13%) | 0.76 (-24.65%) | 1.01 (59.18%) |
Earnings Per Share (EPS) | 8.45 (-25.55%) | 11.35 (44.59%) | 7.85 (325.57%) | -3.48 (-1640.00%) |
Sales Per Share (SPS) | 19.31 (-11.74%) | 21.88 (24.97%) | 17.51 (146.76%) | 7.1 (-52.25%) |
Free Cash Flow Per Share (FCFPS) | 6.88 (-38.51%) | 11.18 (104.35%) | 5.47 (1882.97%) | 0.28 (-96.72%) |
Book Value Per Share (BVPS) | 37.67 (7.47%) | 35.05 (16.34%) | 30.13 (-1.08%) | 30.46 (-11.10%) |
Tangible Assets Book Value Per Share (TABVPS) | 53.51 (3.93%) | 51.49 (-2.78%) | 52.96 (-13.29%) | 61.08 (9.23%) |
Enterprise Value Over EBIT (EV/EBIT) | 5 (0.00%) | 5 (-16.67%) | 6 (133.33%) | -18 (-164.29%) |
Enterprise Value Over EBITDA (EV/EBITDA) | 3.79 (-3.05%) | 3.91 (-20.26%) | 4.9 (102.37%) | -207.02 (-2595.17%) |
Asset Turnover | 0.36 (-12.50%) | 0.42 (17.85%) | 0.35 (153.96%) | 0.14 (-43.95%) |
Current Ratio | 2.87 (20.86%) | 2.38 (-4.77%) | 2.5 (160.92%) | 0.96 (-59.43%) |
Dividends | $5.77 (-8.27%) | $6.29 (342.96%) | $1.42 (4.41%) | $1.36 (466.67%) |
Free Cash Flow (FCF) | $338,853,000 (-38.14%) | $547,774,000 (102.68%) | $270,272,000 (2449.01%) | $10,603,000 (-95.56%) |
Enterprise Value (EV) | $2,329,639,598 (-21.05%) | $2,950,912,729 (8.28%) | $2,725,242,034 (56.64%) | $1,739,829,827 (98.71%) |
Earnings Before Tax (EBT) | $415,640,000 (-25.82%) | $560,324,000 (44.42%) | $387,979,000 (394.20%) | -$131,874,000 (-2284.70%) |
Earnings Before Interest Taxes & Depreciation Amortization (EBITDA) | $614,783,000 (-18.58%) | $755,121,000 (35.79%) | $556,088,000 (6716.94%) | -$8,404,000 (-107.96%) |
Invested Capital | $3,059,695,000 (3.93%) | $2,944,015,000 (-7.68%) | $3,188,839,000 (1.61%) | $3,138,294,000 (72.73%) |
Working Capital | $245,388,000 (-8.92%) | $269,406,000 (-30.07%) | $385,226,000 (3909.59%) | -$10,112,000 (-106.84%) |
Tangible Asset Value | $2,636,397,000 (4.54%) | $2,521,819,000 (-3.58%) | $2,615,334,000 (11.48%) | $2,345,938,000 (47.87%) |
Market Capitalization | $1,767,990,598 (-20.52%) | $2,224,381,729 (22.43%) | $1,816,883,034 (144.17%) | $744,115,827 (62.83%) |
Average Equity | $1,853,251,000 (13.27%) | $1,636,097,750 (25.56%) | $1,303,003,500 (21.22%) | $1,074,936,000 (3.35%) |
Average Assets | $2,612,583,750 (1.36%) | $2,577,506,750 (5.14%) | $2,451,517,750 (24.77%) | $1,964,882,500 (15.61%) |
Invested Capital Average | $3,041,417,250 (-2.29%) | $3,112,825,250 (-0.71%) | $3,135,158,500 (26.48%) | $2,478,834,750 (22.31%) |
Shares | 49,192,838 (0.58%) | 48,909,009 (-0.35%) | 49,078,418 (-3.18%) | 50,689,089 (81.13%) |
