FLEX LNG (FLNG) Income Statement: Revenue & Earnings

FLEX LNG Income Statement Analysis

Revenue, earnings, and profit margins in millions USD

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FLEX LNG Ltd. income statement - Annual data in millions USD
Breakdown	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018
Period Ending	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018
Revenue & Gross Profit
Revenue	356.35	371.02	347.92	343.45	164.46	119.97	77.21
Cost of Revenue	148.77	70.04	63.41	61.24	40.70	22.42	43.57
Gross Profit	207.58	300.99	284.50	282.21	123.77	97.54	33.64
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	9.79	10.47	9.15	7.89	6.30	7.51	4.64
Operating Expenses	9.79	83.83	83.89	81.05	48.15	42.54	4.64
Operating Income	197.79	217.16	200.62	201.16	75.62	55.01	29.00
Other Income/Expense
Interest Income	4.47	4.87	2.01	0.04	0.33	0.00	0.61
Interest Expense	105.59	-90.44	3.09	56.22	-66.99	0.00	17.78
Other Income/Expense	-79.98	-1.23	-62.12	-17.33	-0.77	5.06	-0.02
Income
Income Before Tax	117.82	120.12	188.14	162.30	8.19	17.15	11.77
Income Tax Expense	0.13	0.08	0.10	0.10	0.08	0.18	-0.01
Net Income	117.68	120.04	188.04	162.21	8.11	16.97	11.78
Net Income - Continuous Operations	117.68	120.04	188.04	162.21	0.00	0.00	0.00
Net Income - Discontinued Operations	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBITDA	298.89	282.89	341.02	293.30	117.47	80.92	46.96
EBIT	224.46	217.16	264.74	218.53	75.62	51.02	29.55
Depreciation & Amortization	75.48	65.73	72.22	69.83	41.85	0.00	0.00
Earnings Per Share
Basic EPS	2.00	2.00	4.00	3.00	-	-	-
Diluted EPS	2.00	2.00	4.00	3.00	-	-	-
Basic Shares Outstanding	53.85	53.70	53.20	53.36	54.10	54.11	40.45
Diluted Shares Outstanding	54.03	53.99	53.52	53.36	54.27	54.25	40.59