Nordic American Tankers (NAT) Income Statement: Revenue & Earnings

Nordic American Tankers Income Statement Analysis

Revenue, earnings, and profit margins in millions USD

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Nordic American Tankers Limited 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	349.74	391.69	339.34	191.08	354.62	317.22	289.02
Cost of Revenue	243.61	240.91	233.95	264.29	-121.09	-141.77	306.12
Gross Profit	106.14	150.78	105.40	-73.22	166.65	109.42	-17.10
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	28.83	22.89	18.80	15.62	17.59	13.48	12.73
Operating Expenses	28.83	22.89	69.22	10.94	-66.88	-66.03	12.73
Operating Income	77.31	127.89	36.18	-84.15	81.23	31.97	-29.83
Other Income/Expense
Interest Income	0.73	1.30	0.27	0.00	0.10	0.00	0.33
Interest Expense	29.89	29.04	-27.06	23.39	-31.48	0.00	29.75
Other Income/Expense	-30.68	0.14	0.05	-60.31	-0.26	4.16	-8.79
Income
Income Before Tax	46.63	98.83	15.12	-171.27	50.10	-10.28	-87.56
Income Tax Expense	-0.01	0.12	0.02	0.06	0.06	0.07	0.08
Net Income	46.64	98.71	15.10	-171.33	50.03	-10.35	-95.31
Net Income - Continuous Operations	46.64	98.71	15.10	-171.33	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	132.67	179.27	86.60	-79.53	153.77	96.37	2.89
EBIT	76.52	127.87	36.18	-147.88	81.58	28.11	-57.81
Depreciation & Amortization	56.15	51.40	50.42	68.35	67.83	0.00	0.00
Earnings Per Share
Basic EPS	-	-	-	-1.00	-	-	-1.00
Diluted EPS	-	-	-	-1.00	-	-	-1.00
Basic Shares Outstanding	209.23	208.80	202.03	162.55	149.29	142.57	141.97
Diluted Shares Outstanding	209.23	208.80	202.03	162.55	149.29	142.57	141.97