Golden Ocean Group (GOGL.OL) Financial Statements
Price: $84
Market Cap: $16.80B
Avg Volume: 564.17K
Market Cap: $16.80B
Avg Volume: 564.17K
Country: BM
Industry: Marine Shipping
Sector: Industrials
Industry: Marine Shipping
Sector: Industrials
Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of Golden Ocean Group.
Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $968.42M | $885.77M | $1.11B | $1.20B | $607.94M | $705.80M | $656.07M | $460.02M | $257.81M | $189.63M |
| Cost of Revenue | $651.20M | $675.88M | $691.77M | $675.02M | $563.89M | $589.85M | $498.52M | $399.89M | $312.85M | $248.20M |
| Gross Profit | $317.22M | $209.88M | $421.69M | $528.16M | $44.05M | $115.95M | $157.55M | $60.13M | $-55.05M | $-58.56M |
| Gross Profit Ratio | 32.76% | 23.70% | 37.87% | 43.90% | 7.25% | 16.43% | 24.01% | 13.07% | -21.35% | -30.88% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $24.30M | $18.08M | $20.38M | $18.15M | $13.72M | $14.12M | $14.71M | $12.56M | $12.73M | $12.47M |
| Selling and Marketing Expenses | $- | $600.00K | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $24.30M | $18.68M | $20.38M | $18.15M | $13.72M | $14.12M | $14.71M | $12.56M | $12.73M | $12.47M |
| Other Expenses | $-21.43M | $2.59M | $413.00K | $2.01M | $-2.96M | $1.17M | $-4.39M | $501.00K | $-1.86M | $-9.63M |
| Operating Expenses | $2.88M | $21.27M | $20.79M | $20.16M | $10.76M | $15.29M | $11.71M | $8.68M | $14.53M | $17.20M |
| Cost and Expenses | $654.08M | $697.15M | $712.55M | $695.17M | $574.65M | $605.14M | $510.24M | $408.57M | $327.38M | $265.39M |
| Interest Income | $6.87M | $9.66M | $2.35M | $484.00K | $1.19M | $4.43M | $7.58M | $2.21M | $1.67M | $849.00K |
| Interest Expense | $101.54M | $97.82M | $56.25M | $39.91M | $47.48M | $59.55M | $75.11M | $59.84M | $44.17M | $28.27M |
| Depreciation and Amortization | $141.63M | $135.55M | $129.84M | $123.70M | $111.30M | $93.84M | $92.15M | $78.09M | $64.78M | $54.29M |
| EBITDA | $466.93M | $346.18M | $530.74M | $655.15M | $131.08M | $214.05M | $241.68M | $132.87M | $-7.51M | $-142.87M |
| EBITDA Ratio | 48.22% | 39.08% | 51.57% | 54.45% | 21.56% | 28.45% | 36.84% | 29.75% | -2.91% | -15.96% |
| Operating Income | $314.34M | $188.61M | $435.09M | $513.61M | $19.77M | $100.66M | $145.01M | $50.08M | $-70.26M | $-239.15M |
| Operating Income Ratio | 32.46% | 21.29% | 39.08% | 42.69% | 3.25% | 14.26% | 22.10% | 10.89% | -27.25% | -126.11% |
| Total Other Income Expenses Net | $-90.58M | $-75.80M | $27.14M | $14.00M | $-75.88M | $-63.23M | $-60.25M | $-52.37M | $-57.61M | $14.26M |
| Income Before Tax | $223.76M | $112.81M | $462.23M | $527.61M | $-137.54M | $37.43M | $84.77M | $-2.29M | $-127.87M | $-220.65M |
| Income Before Tax Ratio | 23.11% | 12.74% | 41.51% | 43.85% | -22.62% | 5.30% | 12.92% | -0.50% | -49.60% | -116.36% |
| Income Tax Expense | $548.00K | $541.00K | $379.00K | $389.00K | $131.00K | $237.00K | $232.00K | $56.00K | $-155.00K | $189.00K |
| Net Income | $223.21M | $112.27M | $461.85M | $527.22M | $-137.67M | $37.19M | $84.53M | $-2.35M | $-127.71M | $-220.84M |
| Net Income Ratio | 23.05% | 12.67% | 41.48% | 43.82% | -22.65% | 5.27% | 12.88% | -0.51% | -49.54% | -116.46% |
| EPS | $1.11 | $0.56 | $2.30 | $2.74 | $-0.96 | $0.26 | $0.59 | $-0.02 | $-1.34 | $-6.72 |
| EPS Diluted | $1.12 | $0.56 | $2.29 | $2.73 | $-0.96 | $0.26 | $0.59 | $-0.02 | $-1.34 | $-6.72 |
| Weighted Average Shares Outstanding | 201.59M | 200.48M | 200.69M | 192.35M | 143.28M | 143.50M | 144.13M | 125.02M | 95.24M | 32.85M |
| Weighted Average Shares Outstanding Diluted | 200.03M | 200.48M | 201.19M | 192.97M | 143.28M | 143.60M | 144.43M | 125.02M | 95.24M | 32.85M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $129.11M | $116.38M | $134.78M | $197.03M | $153.09M | $88.93M | $305.35M | $309.03M | $212.94M | $102.62M |
| Short Term Investments | $- | $- | $2.19M | $1.68M | $3.68M | $13.86M | $12.03M | $16.30M | $6.52M | $14.62M |
| Cash and Short Term Investments | $129.11M | $116.38M | $134.78M | $197.03M | $153.09M | $88.93M | $305.35M | $309.03M | $212.94M | $102.62M |
| Net Receivables | $91.63M | $95.35M | $81.77M | $98.00M | $64.96M | $109.36M | $76.50M | $77.92M | $54.08M | $63.31M |
| Inventory | $37.46M | $40.89M | $45.43M | $43.38M | $25.16M | $28.23M | $28.15M | $20.14M | $17.95M | $15.16M |
| Other Current Assets | $28.34M | $26.30M | $87.10M | $81.37M | $66.78M | $71.61M | $79.81M | $72.80M | $46.26M | $60.00M |
| Total Current Assets | $286.54M | $278.92M | $299.15M | $369.39M | $284.53M | $273.08M | $461.24M | $444.50M | $299.93M | $203.66M |
| Property Plant Equipment Net | $3.02B | $3.12B | $2.86B | $3.03B | $2.40B | $2.59B | $2.41B | $2.32B | $1.94B | $1.84B |
| Goodwill | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $- | $- | $- | $- | $- | $- | $-1.78M | $-2.58M | $- | $- |
| Long Term Investments | $53.06M | $58.54M | $65.40M | $41.34M | $16.40M | $21.48M | $1.66M | $2.29M | $4.22M | $6.22M |
| Tax Assets | $- | $- | $- | $- | $- | $- | $119.00K | $294.00K | $- | $- |
| Other Non-Current Assets | $20.06M | $31.25M | $35.83M | $8.95M | $16.23M | $81.90M | $82.50M | $102.77M | $115.01M | $133.61M |
| Total Non-Current Assets | $3.09B | $3.21B | $2.96B | $3.08B | $2.44B | $2.69B | $2.49B | $2.43B | $2.06B | $1.98B |
| Other Assets | $- | $- | $- | $- | $- | $- | $-1.00K | $-1.00K | $-1.00K | $- |
| Total Assets | $3.38B | $3.49B | $3.26B | $3.45B | $2.72B | $2.97B | $2.95B | $2.87B | $2.36B | $2.18B |
| Account Payables | $11.79M | $9.52M | $7.14M | $6.46M | $18.40M | $12.40M | $7.75M | $5.40M | $2.88M | $2.53M |
| Short Term Debt | $135.09M | $131.71M | $118.11M | $151.84M | $155.65M | $128.93M | $477.41M | $116.82M | $6.63M | $38.01M |
| Tax Payables | $1.18M | $1.20M | $381.00K | $394.00K | $171.00K | $117.00K | $76.00K | $9.00K | $12.00K | $189.00K |
| Deferred Revenue | $20.32M | $- | $32.80M | $36.15M | $25.94M | $29.77M | $20.94M | $22.63M | $11.44M | $5.13M |
| Other Current Liabilities | $66.01M | $83.75M | $85.99M | $89.37M | $67.45M | $91.92M | $56.26M | $59.49M | $34.08M | $73.47M |
| Total Current Liabilities | $234.39M | $226.19M | $211.63M | $248.07M | $241.68M | $233.37M | $541.50M | $181.73M | $43.60M | $114.19M |
| Long Term Debt | $1.24B | $1.34B | $1.13B | $1.28B | $1.11B | $1.22B | $879.06M | $1.19B | $1.07B | $925.65M |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $- | $2.23M | $2.48M | $2.74M | $2.89M |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- | $- | $-2.23M | $-2.48M | $-2.74M | $-2.89M |
| Other Non-Current Liabilities | $170.00K | $2.57M | $- | $- | $- | $- | $7.28M | $8.06M | $8.21M | $-19.82M |
| Total Non-Current Liabilities | $1.24B | $1.34B | $1.13B | $1.28B | $1.11B | $1.22B | $886.34M | $1.19B | $1.08B | $905.82M |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $1.48B | $1.57B | $1.34B | $1.53B | $1.35B | $1.45B | $1.43B | $1.38B | $1.12B | $1.02B |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $10.06M | $10.06M | $10.06M | $10.06M | $7.21M | $7.21M | $7.21M | $7.11M | $5.30M | $1.73M |
| Retained Earnings | $320.85M | $339.98M | $328.88M | $160.06M | $-366.72M | $-228.70M | $-267.74M | $-351.90M | $-349.56M | $-221.84M |
| Accumulated Other Comprehensive Income Loss | $- | $0 | $- | $- | $- | $- | $- | $5.32M | $2.29M | $-58.03M |
| Other Total Stockholders Equity | $1.57B | $1.57B | $1.58B | $1.76B | $1.73B | $1.73B | $1.78B | $1.83B | $1.58B | $1.38B |
| Total Stockholders Equity | $1.90B | $1.92B | $1.92B | $1.93B | $1.37B | $1.51B | $1.52B | $1.49B | $1.24B | $1.16B |
| Total Equity | $1.90B | $1.92B | $1.92B | $1.93B | $1.37B | $1.51B | $1.52B | $1.49B | $1.24B | $1.16B |
| Total Liabilities and Stockholders Equity | $3.38B | $3.49B | $3.26B | $3.45B | $2.72B | $2.97B | $2.95B | $2.87B | $2.36B | $2.18B |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $3.38B | $3.49B | $3.26B | $3.45B | $2.72B | $2.97B | $2.95B | $2.87B | $2.36B | $2.18B |
| Total Investments | $53.06M | $58.54M | $67.59M | $43.03M | $20.08M | $35.34M | $13.69M | $18.59M | $10.75M | $20.84M |
| Total Debt | $1.38B | $1.47B | $1.25B | $1.42B | $1.24B | $1.34B | $1.36B | $1.30B | $1.08B | $967.57M |
| Net Debt | $1.25B | $1.35B | $1.11B | $1.22B | $1.09B | $1.25B | $1.05B | $992.10M | $863.01M | $864.96M |
Cash Flow Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $223.21M | $112.27M | $461.85M | $527.22M | $-137.67M | $37.19M | $84.53M | $-2.35M | $-127.71M | $-220.84M |
| Depreciation and Amortization | $141.63M | $135.55M | $129.84M | $123.70M | $111.30M | $93.84M | $92.15M | $78.09M | $64.78M | $54.29M |
| Deferred Income Tax | $- | $- | $- | $-50.14M | $119.39M | $-837.00K | $869.00K | $-3.82M | $13.63M | $108.27M |
| Stock Based Compensation | $- | $273.00K | $566.00K | $620.00K | $264.00K | $482.00K | $537.00K | $575.00K | $86.00K | $-10.00K |
| Change in Working Capital | $12.53M | $3.14M | $12.59M | $-37.43M | $31.19M | $-1.24M | $-19.88M | $-7.14M | $-1.43M | $33.00K |
| Accounts Receivables | $-670.00K | $-14.86M | $13.89M | $-6.13M | $22.90M | $-18.24M | $-4.76M | $-8.61M | $-5.32M | $-5.04M |
| Inventory | $3.42M | $4.55M | $-2.05M | $-18.22M | $3.07M | $-81.00K | $-8.01M | $-2.19M | $-2.80M | $7.71M |
| Accounts Payables | $2.27M | $-1.22M | $681.00K | $-11.94M | $6.00M | $4.65M | $2.35M | $2.52M | $348.00K | $-5.45M |
| Other Working Capital | $7.51M | $14.67M | $70.00K | $-1.13M | $-776.00K | $12.43M | $-9.46M | $1.14M | $6.34M | $2.81M |
| Other Non Cash Items | $-12.07M | $15.11M | $-101.45M | $-3.58M | $16.16M | $28.99M | $28.34M | $29.25M | $27.59M | $43.43M |
| Net Cash Provided by Operating Activities | $365.30M | $266.34M | $503.39M | $560.40M | $140.64M | $158.43M | $186.54M | $94.62M | $-23.05M | $-14.83M |
| Investments in Property Plant and Equipment | $-101.45M | $-477.54M | $-61.03M | $-445.00M | $-25.27M | $-44.12M | $-158.24M | $-158.70M | $-267.54M | $-519.01M |
| Acquisitions Net | $- | $- | $937.00K | $937.00K | $1.69M | $-19.47M | $45.00K | $6.56M | $-754.00K | $237.73M |
| Purchases of Investments | $- | $- | $- | $- | $- | $-1.06M | $14.36M | $- | $98.09M | $-32.16M |
| Sales Maturities of Investments | $- | $- | $- | $- | $- | $1.06M | $224.00K | $- | $125.00K | $421.96M |
| Other Investing Activities | $93.25M | $95.77M | $132.91M | $54.04M | $4.43M | $-9.46M | $2.42M | $124.71M | $-5.24M | $4.05M |
| Net Cash Used for Investing Activities | $-8.20M | $-381.77M | $72.82M | $-390.02M | $-19.15M | $-73.05M | $-141.19M | $-27.43M | $-175.31M | $112.57M |
| Debt Repayment | $-91.03M | $208.60M | $-171.28M | $-163.16M | $-117.10M | $-236.99M | $22.97M | $-93.63M | $104.23M | $-33.52M |
| Common Stock Issued | $- | $- | $- | $352.23M | $- | $- | $304.00K | $122.52M | $205.35M | $- |
| Common Stock Repurchased | $-5.74M | $-8.36M | $-3.27M | $- | $- | $-5.50M | $-1.89M | $- | $- | $- |
| Dividends Paid | $-239.91M | $-100.02M | $-471.68M | $-320.69M | $-7.16M | $-46.62M | $-64.91M | $- | $- | $- |
| Other Financing Activities | $-7.32M | $-4.22M | $-1.92M | $-3.83M | $14.63M | $-5.63M | $-1.20M | $-308.00K | $-898.00K | $-3.83M |
| Net Cash Used Provided by Financing Activities | $-344.00M | $96.00M | $-648.15M | $-135.46M | $-109.63M | $-294.74M | $-44.73M | $28.89M | $308.69M | $-37.34M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- | $- | $- | $- | $1.00K | $- |
| Net Change in Cash | $13.09M | $-19.44M | $-71.94M | $34.91M | $11.86M | $-209.36M | $621.00K | $96.09M | $110.32M | $60.40M |
| Cash at End of Period | $131.73M | $118.64M | $138.07M | $210.02M | $175.10M | $163.24M | $372.61M | $309.03M | $212.94M | $102.62M |
| Cash at Beginning of Period | $118.64M | $138.07M | $210.02M | $175.10M | $163.24M | $372.60M | $371.98M | $212.94M | $102.62M | $42.22M |
| Operating Cash Flow | $365.30M | $266.34M | $503.39M | $560.40M | $140.64M | $158.43M | $186.54M | $94.62M | $-23.05M | $-14.83M |
| Capital Expenditure | $-101.45M | $-477.54M | $-61.03M | $-445.00M | $-25.27M | $-44.12M | $-158.24M | $-158.70M | $-267.54M | $-519.01M |
| Free Cash Flow | $263.85M | $-211.21M | $442.36M | $115.40M | $115.37M | $114.31M | $28.31M | $-64.08M | $-290.59M | $-533.84M |