FRONTLINE LTD / FRO Income Statement

Frontline ltd / (FRO)

Income statement / Quarterly

Jun'14	Dec'13	Sep'13	Jun'13	Mar'13	Sep'12	Mar'12	Sep'11
Operating revenues
Other operating gains (losses)
0	-	0	521	9,211	3,288	10,950	3,787
Bareboat charter revenues
3,617	-	5,422	5,460	7,607	4,005	10,411	11,503
Voyage charter revenues
103,336	-220,371	108,350	102,007	104,397	93,561	104,940	106,697
Time charter revenues
3,289	17,512	6,310	7,854	7,841	23,300	28,212	50,987
Other income
8,730	-18,371	6,412	5,901	6,058	5,943	5,690	4,727
Total operating revenues
118,972	-239,719	126,494	121,222	125,903	126,809	149,253	173,914
Operating Expenses [Abstract]
Voyages expenses and commissions
72,108	-156,133	75,185	74,236	70,150	64,049	57,553	72,061
Contingent rental income
118	-	-	-304	-302	9,904	12,005	0
Ship operating expenses
23,112	-53,668	26,987	32,787	26,877	36,600	25,728	45,378
Profit share expense
-	-	-	-	-	0	-	-1,581
Charter hire expense
0	-4,176	0	203	3,973	8,880	12,117	16,740
Impairment loss on vessels
56,178	-	-	81,324	-	0	-	121,443
Administrative expenses
10,324	-19,317	7,412	7,325	8,431	8,338	8,324	9,871
Depreciation
22,680	-51,237	24,042	26,227	26,112	28,301	26,885	49,603
Total operating expenses
184,520	-378,785	147,162	221,798	135,241	156,072	142,612	313,515
Net operating income
-65,548	186,605	-20,668	-100,055	-127	-25,975	17,591	-135,814
Other income (expenses)
Interest income
11	-52	12	36	33	40	20	251
Interest expense
21,216	-56,257	22,775	22,908	22,618	23,551	24,025	32,522
Gain on sale of securities
7,405	-4,263	6,067	2,298	4,681	-92	-163	-111
Foreign currency exchange gain (loss)
119	118	-14	-55	-55	79	59	21
Gain (loss) on derivatives
0	7,668	0	0	-585	-	958	-
Gain on redemption of debt
-	-	-	-	0	-	4,600	-
Other non-operating items
381	-1,040	333	324	282	341	281	1,707
Net other expenses
-13,300	58,688	-16,377	-20,305	-18,262	-23,183	-18,270	-30,654
Net income (loss) before income taxes and non-controlling interest
-78,848	245,293	-37,045	-120,360	-18,389	-49,158	-679	-166,468
Income tax expense
98	-275	84	94	97	95	85	76
Net (loss) income from continuing operations
-78,946	245,568	-37,129	-120,454	-18,486	-	-764	-
Net loss from discontinued operations
0	1,016	14	-481	-549	-	7,567	-
Net income (loss)
-78,946	246,584	-37,115	-120,935	-19,035	-49,253	6,803	-166,544
Net (income) loss attributable to non-controlling interest
-716	1,607	-669	-658	-280	-236	-372	-388
Net income (loss) attributable to the Company
-78,230	244,977	-36,446	-120,277	-18,755	-49,017	7,175	-166,156
Basic and diluted earnings per share attributable to the Company from continuing operations (in dollars per share)
-0.81	2.84	-0.45	-1.54	-0.24	-	-0.01	-
Basic and diluted (loss) earnings per share attributable to the Company from discontinued operations (in dollars per share)
0.00	0.01	0.01	-0.01	-0.01	-	0.10	-
Basic and diluted earnings (loss) per share attributable to the Company (USD per share)
-0.81	2.85	-0.45	-1.55	-0.24	-0.63	0.09	-2.13