International Seaways (INSW) Financial Statements
Price: $31.04
Market Cap: $1.53B
Avg Volume: 901.17K
Market Cap: $1.53B
Avg Volume: 901.17K
Country: US
Industry: Oil & Gas Midstream
Sector: Energy
Industry: Oil & Gas Midstream
Sector: Energy
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 International Seaways.
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 | $951.61M | $1.07B | $864.66M | $272.55M | $421.65M | $366.18M | $270.36M | $290.10M | $398.32M | $497.63M |
| Cost of Revenue | $324.01M | $444.24M | $394.15M | $310.35M | $252.47M | $282.63M | $279.60M | $276.89M | $272.51M | $284.22M |
| Gross Profit | $627.60M | $627.54M | $470.52M | $-37.80M | $169.18M | $83.55M | $-9.24M | $13.21M | $125.81M | $213.41M |
| Gross Profit Ratio | 65.95% | 58.55% | 54.42% | -13.87% | 40.12% | 22.82% | -3.42% | 4.55% | 31.58% | 42.88% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $52.61M | $47.47M | $46.35M | $33.26M | $29.05M | $26.80M | $24.30M | $25.34M | $40.66M | $41.55M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $52.61M | $47.47M | $46.35M | $33.26M | $29.05M | $26.80M | $24.30M | $25.34M | $40.66M | $41.55M |
| Other Expenses | $119.77M | $-35.37M | $2.33M | $-21.00K | $-71.00K | $1.25M | $-3.71M | $-6.34M | $-966.00K | $66.00K |
| Operating Expenses | $172.38M | $12.11M | $46.35M | $33.23M | $28.98M | $28.04M | $24.30M | $25.34M | $40.66M | $41.55M |
| Cost and Expenses | $496.39M | $456.34M | $440.50M | $343.59M | $281.45M | $310.68M | $303.91M | $302.23M | $313.18M | $325.78M |
| Interest Income | $9.92M | $13.96M | $3.65M | $104.00K | $558.00K | $2.77M | $1.30M | $676.00K | $376.00K | $66.00K |
| Interest Expense | $49.70M | $65.76M | $57.72M | $36.80M | $36.71M | $66.27M | $60.23M | $40.44M | $39.48M | $42.97M |
| Depreciation and Amortization | $149.44M | $129.04M | $111.23M | $89.10M | $74.34M | $75.65M | $72.43M | $78.85M | $79.89M | $81.65M |
| EBITDA | $614.78M | $744.37M | $558.19M | $-17.52M | $100.87M | $138.67M | $43.12M | $13.93M | $101.06M | $297.93M |
| EBITDA Ratio | 64.60% | 69.45% | 64.56% | -6.43% | 23.92% | 37.87% | 15.95% | 4.80% | 25.37% | 59.87% |
| Operating Income | $455.23M | $615.43M | $443.37M | $-55.15M | $131.50M | $66.38M | $-25.10M | $-59.26M | $22.79M | $221.87M |
| Operating Income Ratio | 47.84% | 57.42% | 51.28% | -20.23% | 31.19% | 18.13% | -9.28% | -20.43% | 5.72% | 44.59% |
| Total Other Income Expenses Net | $-39.59M | $-55.11M | $-55.39M | $-20.91M | $-49.53M | $-67.21M | $-63.95M | $-47.06M | $-23.72M | $-48.56M |
| Income Before Tax | $415.64M | $560.32M | $387.98M | $-133.04M | $-5.53M | $-829.00K | $-89.05M | $-106.04M | $-17.78M | $173.31M |
| Income Before Tax Ratio | 43.68% | 52.28% | 44.87% | -48.81% | -1.31% | -0.23% | -32.94% | -36.55% | -4.46% | 34.83% |
| Income Tax Expense | $-1.08M | $3.88M | $88.00K | $1.62M | $1.00K | $1.00K | $-105.00K | $44.00K | $440.00K | $140.00K |
| Net Income | $416.72M | $556.45M | $387.89M | $-134.66M | $-5.53M | $-830.00K | $-88.94M | $-106.09M | $-18.22M | $173.17M |
| Net Income Ratio | 43.79% | 51.92% | 44.86% | -49.41% | -1.31% | -0.23% | -32.90% | -36.57% | -4.57% | 34.80% |
| EPS | $8.46 | $11.35 | $7.86 | $-3.51 | $-0.19 | $-0.03 | $-3.05 | $-3.64 | $-0.62 | $5.94 |
| EPS Diluted | $8.39 | $11.25 | $7.78 | $-3.51 | $-0.19 | $-0.03 | $-3.05 | $-3.64 | $-0.62 | $5.94 |
| Weighted Average Shares Outstanding | 49.27M | 48.98M | 49.38M | 38.41M | 28.37M | 29.23M | 29.14M | 29.15M | 29.16M | 29.16M |
| Weighted Average Shares Outstanding Diluted | 49.68M | 49.43M | 49.84M | 38.41M | 28.37M | 29.23M | 29.14M | 29.16M | 29.16M | 29.16M |
| 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 | $157.51M | $126.76M | $243.74M | $97.88M | $199.39M | $89.67M | $58.31M | $60.03M | $92.00M | $308.86M |
| Short Term Investments | $- | $60.00M | $80.00M | $- | $- | $- | $460.00K | $16.00K | $- | $- |
| Cash and Short Term Investments | $157.51M | $186.76M | $323.74M | $97.88M | $199.39M | $89.67M | $58.31M | $60.03M | $92.00M | $308.86M |
| Net Receivables | $199.29M | $261.47M | $302.36M | $112.75M | $47.84M | $87.78M | $99.87M | $62.60M | $72.22M | $79.42M |
| Inventory | $1.88M | $1.33M | $531.00K | $2.11M | $3.60M | $3.90M | $3.07M | $3.27M | $1.34M | $3.40M |
| Other Current Assets | $17.65M | $15.42M | $15.98M | $11.76M | $6.00M | $11.99M | $6.37M | $11.78M | $5.35M | $5.07M |
| Total Current Assets | $376.32M | $464.98M | $642.62M | $224.50M | $256.83M | $187.34M | $167.62M | $131.79M | $170.91M | $396.74M |
| Property Plant Equipment Net | $2.11B | $1.95B | $1.86B | $1.88B | $1.13B | $1.33B | $1.33B | $1.10B | $1.10B | $1.24B |
| Goodwill | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $- | $- | $842.00K | $- | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $- | $- | $- | $842.00K | $- | $- | $- | $- | $- | $- |
| Long Term Investments | $- | $1.15M | $36.41M | $180.33M | $141.92M | $153.29M | $268.32M | $378.89M | $358.68M | $344.89M |
| Tax Assets | $- | $- | $- | $-842.00K | $- | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $151.61M | $109.20M | $79.49M | $66.64M | $57.98M | $86.63M | $81.86M | $49.07M | $32.88M | $47.91M |
| Total Non-Current Assets | $2.26B | $2.06B | $1.97B | $2.12B | $1.33B | $1.57B | $1.68B | $1.53B | $1.49B | $1.63B |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $2.64B | $2.52B | $2.62B | $2.35B | $1.59B | $1.75B | $1.85B | $1.66B | $1.66B | $2.03B |
| Account Payables | $5.83M | $6.57M | $1.83M | $1.61M | $2.61M | $4.99M | $1.16M | $330.00K | $2.87M | $3.37M |
| Short Term Debt | $64.67M | $137.67M | $249.79M | $195.50M | $79.22M | $96.27M | $51.55M | $33.12M | $6.18M | $6.28M |
| Tax Payables | $- | $- | $- | $53.00K | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $7.83M | $6.24M | $2.96M | $353.00K | $3.06M | $272.00K | $450.00K | $918.00K | $6.72M | $1.23M |
| Other Current Liabilities | $52.60M | $45.09M | $2.81M | $37.10M | $24.01M | $12.95M | $22.10M | $21.07M | $29.33M | $37.53M |
| Total Current Liabilities | $130.94M | $195.57M | $257.39M | $234.61M | $108.90M | $114.48M | $75.27M | $47.23M | $45.10M | $48.42M |
| Long Term Debt | $647.07M | $606.86M | $868.32M | $938.79M | $484.58M | $608.70M | $759.11M | $528.87M | $433.47M | $588.94M |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $2.35M | $2.63M | $1.88M | $3.04M | $21.02M | $8.03M | $4.36M | $2.72M | $4.44M | $8.81M |
| Total Non-Current Liabilities | $649.41M | $609.49M | $870.19M | $941.84M | $505.60M | $616.73M | $763.48M | $531.60M | $437.91M | $597.75M |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $780.35M | $805.06M | $1.13B | $1.18B | $614.50M | $731.21M | $838.75M | $578.83M | $483.01M | $646.16M |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $1.50B | $1.49B | $1.50B | $1.59B | $1.28B | $1.31B | $1.31B | $1.31B | $29.82M | $29.82M |
| Retained Earnings | $359.14M | $226.83M | $-21.45M | $-409.34M | $-275.85M | $-270.31M | $-269.49M | $-180.54M | $-74.46M | $92.58M |
| Accumulated Other Comprehensive Income Loss | $-7.86M | $-1.06M | $6.96M | $-12.36M | $-32.61M | $-20.57M | $-29.93M | $-40.41M | $-52.27M | $-64.12M |
| Other Total Stockholders Equity | $- | $- | $- | $- | $- | $- | $- | $- | $- | $1.33B |
| Total Stockholders Equity | $1.86B | $1.72B | $1.49B | $1.13B | $972.04M | $1.02B | $1.01B | $1.09B | $1.18B | $1.38B |
| Total Equity | $1.86B | $1.72B | $1.49B | $1.13B | $972.04M | $1.02B | $1.01B | $1.09B | $1.18B | $1.38B |
| Total Liabilities and Stockholders Equity | $2.64B | $2.52B | $2.62B | $2.31B | $1.59B | $1.75B | $1.85B | $1.66B | $1.66B | $2.03B |
| Minority Interest | $- | $- | $- | $584.00K | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $2.64B | $2.52B | $2.62B | $2.31B | $1.59B | $1.75B | $1.85B | $1.66B | $1.66B | $2.03B |
| Total Investments | $- | $61.15M | $116.41M | $180.33M | $141.92M | $153.29M | $268.32M | $378.89M | $358.68M | $344.89M |
| Total Debt | $711.74M | $744.53M | $1.07B | $1.13B | $554.93M | $692.01M | $810.67M | $552.94M | $439.65M | $595.22M |
| Net Debt | $554.23M | $617.77M | $830.89M | $1.03B | $355.55M | $602.34M | $752.35M | $492.91M | $347.65M | $286.36M |
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 | $416.72M | $556.45M | $387.89M | $-134.66M | $-5.53M | $-830.00K | $-88.94M | $-106.09M | $-18.22M | $173.17M |
| Depreciation and Amortization | $149.44M | $129.04M | $110.39M | $86.67M | $74.34M | $75.65M | $72.43M | $78.85M | $79.89M | $81.65M |
| Deferred Income Tax | $- | $- | $- | $-17.29M | $103.19M | $2.66M | $35.40M | $37.43M | $57.63M | $-43.12M |
| Stock Based Compensation | $- | $8.52M | $6.75M | $10.53M | $5.63M | $4.28M | $3.16M | $3.81M | $2.84M | $2.81M |
| Change in Working Capital | $62.29M | $54.63M | $-166.97M | $-21.75M | $41.20M | $11.16M | $-44.50M | $-10.12M | $-1.37M | $22.10M |
| Accounts Receivables | $61.64M | $42.61M | $-182.68M | $-16.47M | $40.48M | $10.78M | $-36.44M | $8.73M | $8.03M | $13.40M |
| Inventory | $- | $- | $13.10M | $-3.64M | $-2.28M | $404.00K | $-7.17M | $-15.97M | $-5.07M | $2.96M |
| Accounts Payables | $-942.00K | $8.73M | $13.10M | $-3.64M | $-2.28M | $-11.18M | $- | $- | $- | $- |
| Other Working Capital | $1.59M | $3.28M | $-10.49M | $2.01M | $5.28M | $11.16M | $-44.50M | $-10.12M | $-1.37M | $22.10M |
| Other Non Cash Items | $-81.32M | $-60.23M | $-50.26M | $306.00K | $-2.69M | $-5.43M | $9.98M | $-7.82M | $-4.00M | $-13.87M |
| Net Cash Provided by Operating Activities | $547.14M | $688.40M | $287.80M | $-76.19M | $216.14M | $87.49M | $-12.48M | $-3.94M | $116.77M | $222.74M |
| Investments in Property Plant and Equipment | $- | $-206.63M | $-116.69M | $-79.01M | $-50.56M | $-37.18M | $-150.04M | $-173.83M | $-2.90M | $-964.00K |
| Acquisitions Net | $- | $- | $140.33M | $46.49M | $2.35M | $125.09M | $3.68M | $-731.00K | $-987.00K | $17.06M |
| Purchases of Investments | $-126.73M | $-238.64M | $-105.00M | $-7.55M | $-9.80M | $-6.53M | $- | $-731.00K | $-987.00K | $- |
| Sales Maturities of Investments | $185.00M | $255.00M | $25.00M | $7.55M | $9.80M | $6.53M | $104.46M | $19.53M | $27.49M | $98.45M |
| Other Investing Activities | $-213.28M | $66.00M | $99.16M | $165.81M | $80.58M | $19.96M | $270.07M | $48.52M | $27.49M | $115.13M |
| Net Cash Used for Investing Activities | $-155.02M | $-124.27M | $42.80M | $133.29M | $32.37M | $107.87M | $123.71M | $-126.04M | $23.61M | $114.16M |
| Debt Repayment | $-39.15M | $-348.30M | $-88.92M | $-94.15M | $-141.92M | $-162.00M | $-63.56M | $101.53M | $-90.06M | $-6.28M |
| Common Stock Issued | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock Repurchased | $-25.00M | $-13.95M | $-20.02M | $-16.66M | $-30.00M | $-369.00K | $-410.00K | $-3.18M | $-26.00K | $- |
| Dividends Paid | $-284.42M | $-308.15M | $-69.84M | $-40.94M | $-6.77M | $- | $- | $- | $-202.00M | $-200.00M |
| Other Financing Activities | $-12.81M | $-10.72M | $-7.01M | $-22.09M | $-4.38M | $-389.00K | $-222.00K | $-349.00K | $-65.19M | $- |
| Net Cash Used Provided by Financing Activities | $-361.38M | $-681.12M | $-185.79M | $-173.84M | $-183.07M | $-162.76M | $-64.19M | $98.01M | $-357.23M | $-206.28M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Change in Cash | $30.75M | $-116.98M | $144.81M | $-116.74M | $65.43M | $32.60M | $47.04M | $-31.97M | $-216.86M | $130.62M |
| Cash at End of Period | $157.51M | $126.76M | $243.74M | $98.93M | $215.68M | $150.24M | $117.64M | $60.03M | $92.00M | $308.86M |
| Cash at Beginning of Period | $126.76M | $243.74M | $98.93M | $215.68M | $150.24M | $117.64M | $70.61M | $92.00M | $308.86M | $178.24M |
| Operating Cash Flow | $547.14M | $688.40M | $287.80M | $-76.19M | $216.14M | $87.49M | $-12.48M | $-3.94M | $116.77M | $222.74M |
| Capital Expenditure | $-285.18M | $-206.63M | $-116.69M | $-79.01M | $-50.56M | $-37.18M | $-150.04M | $-173.83M | $-2.90M | $-964.00K |
| Free Cash Flow | $261.96M | $481.77M | $171.12M | $-155.21M | $165.58M | $50.30M | $-162.52M | $-177.77M | $113.87M | $221.78M |