International seaways, inc. (INSW)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Sep'15
Shipping Revenues:
Shipping revenues

125,337

124,022

71,278

69,010

101,874

100,548

60,926

56,909

51,978

69,426

59,968

71,957

88,750

85,810

80,771

103,062

128,676

131,121

Operating Expenses:
Voyage expenses

5,606

6,427

5,470

6,523

7,845

7,514

9,673

6,897

3,177

4,332

3,479

2,677

4,618

3,595

3,605

2,107

3,967

4,914

Vessel expenses

32,960

31,571

30,350

30,746

30,538

32,384

34,433

31,528

36,658

35,039

37,095

35,373

33,728

37,005

35,401

34,400

35,138

35,039

Charter hire expenses

10,231

12,913

14,381

13,033

17,185

14,825

10,739

10,723

8,623

9,355

9,958

11,036

11,351

10,989

9,613

8,594

8,215

8,846

Depreciation and amortization

18,267

18,945

18,961

18,818

18,929

18,683

19,317

16,804

17,624

20,610

20,528

19,099

18,616

19,403

20,376

20,025

20,081

20,404

General and administrative

7,434

7,279

6,449

6,297

6,773

6,777

5,434

6,064

6,029

6,567

6,516

5,096

6,274

6,709

7,732

7,727

8,184

12,174

Provision for credit losses, net

62

-14

-18

-21

1,298

-

0

0

41

-

-

-

-

-

-

-

-

-

Third-party debt modification fees

232

0

0

0

30

-

-9

1,302

-

-

1,191

7,939

-

-

-

-

-

-

Separation and transition costs

-

-

-

-

-

-

-

-

-

116

-543

296

735

5,618

2,162

1,130

133

-

Gain on disposal of vessels and other property

2,804

-280

1,472

-1,548

48

-2,487

-17,360

6,740

-6,573

-

-5,406

-

-

-29,734

-49,640

0

171

3,238

Total operating expenses

71,988

77,401

74,121

76,944

82,550

82,683

96,947

66,578

78,684

157,578

83,630

81,516

75,322

113,053

128,529

73,983

75,547

78,139

Income from vessel operations

53,349

46,621

-2,843

-7,934

19,324

17,865

-36,021

-9,669

-26,706

-88,152

-23,662

-9,559

13,428

-27,243

-47,758

29,079

53,129

52,982

Equity in income of affiliated companies

5,111

-13,346

8,474

8,015

8,070

6,932

5,338

8,822

8,340

8,698

12,796

13,866

13,606

-19,244

12,488

11,985

11,620

10,978

Operating income

58,460

33,275

5,631

81

27,394

24,797

-30,683

-847

-18,366

-79,454

-10,866

4,307

27,034

-46,487

-35,270

41,064

64,749

63,960

Other (expense)/income

-13,432

-3,102

284

839

1,036

249

220

-4,863

679

317

305

-6,644

204

-343

-2,244

-175

1,416

3

Income before interest expense and income taxes

45,028

30,173

5,915

920

28,430

25,046

-30,463

-5,710

-17,687

-79,137

-10,561

-2,337

27,238

-46,830

-37,514

40,889

66,165

63,963

Interest expense

12,009

14,281

17,010

17,443

17,533

18,204

17,320

13,086

11,621

11,570

11,232

9,278

9,167

10,411

9,519

9,690

10,742

11,050

Income before income taxes

33,019

-

-

-

10,897

-

-

-

-

-

-

-

-

-57,241

-47,033

31,199

55,423

51,960

Reorganization items, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-8,709

3,849

520

4,471

953

Loss before income taxes

-

-

-11,095

-16,523

-

-

-47,783

-18,796

-29,308

-

-21,793

-11,615

18,071

-57,474

-50,882

30,679

59,894

52,913

Income tax benefit/(provision)

-

-

-

-

-

-116

3

0

8

13

23

4

4

283

-20

173

4

27

Net income

33,019

15,891

-11,095

-16,523

10,897

6,958

-47,786

-18,796

-29,316

-90,720

-21,816

-11,619

18,067

-57,757

-50,862

30,506

59,890

51,933

Weighted Average Number of Common Shares Outstanding:
Basic

29,154

-

29,249

29,220

29,181

-

29,154

29,130

29,106

-

29,202

29,194

29,180

29,159

29,157

29,157

29,157

-

Diluted

29,348

-

29,249

29,220

29,223

-

29,154

29,130

29,106

-

29,202

29,194

29,195

29,159

29,157

29,157

29,157

-

Basic and diluted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

29,157

Per Share Amounts:
Basic net income per share

1.13

-

-

-

0.37

-

-

-

-

-

-

-

-

-

-

-

-

-

Diluted net income per share

1.12

-

-

-

0.37

-

-

-

-

-

-

-

-

-

-

-

-

-

Basic and diluted net loss per share

-

-

-0.38

-0.57

-

0.25

-1.64

-0.65

-1.01

-3.11

-0.75

-0.40

0.62

-1.98

-1.74

1.05

2.05

1.78

Pool Revenue Leases [Member]
Shipping revenues

101,209

95,427

46,278

44,713

67,637

71,370

36,721

33,601

35,514

47,437

37,798

42,339

49,773

46,108

42,854

66,705

90,529

97,798

Time and Bareboat Charter Leases [Member]
Shipping revenues

8,604

7,926

7,638

6,541

5,520

5,508

5,932

6,608

7,913

11,290

12,024

14,442

17,350

21,129

24,012

28,660

21,683

15,124

Voyage Charter Leases [Member]
Shipping revenues

15,524

20,669

17,362

17,756

28,717

23,670

18,273

16,700

8,551

10,699

10,146

15,176

21,627

18,573

13,905

7,697

16,464

18,199