← Costamare Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $468.2m |
$412.4m
-11.91%
|
$380.4m
-7.77%
|
$478.1m
+25.69%
|
$460.3m
-3.72%
|
$793.6m
+72.41%
|
$1.1b
+40.35%
|
$1.5b
+35.69%
|
$2.1b
+37.88%
|
$877.9m
-57.87%
|
$857.4m
-2.34%
|
|
| Total voyage revenue | $468.2m | $412.4m | — | — | — | $793.6m | $1.1b | $1.5b | $2.1b | $846.7m | — | |
| General and Administrative Expense | $7.3m | $3.2m | $2.9m | $3.1m | $4.1m | $6.9m | $9.7m | $15.7m | $22.1m | $10.1m | $22.8m | |
| General and administrative expenses - related parties (Note 4) | ($7.5m) | ($6.4m) | ($6.3m) | ($6.4m) | ($6.9m) | ($9.9m) | ($9.8m) | ($8.5m) | ($11.4m) | ($9.9m) | $22.8m | |
| Amortization of Intangible Assets | — | — | $27k | $191k | $192k | — | — | — | — | — | — | |
| Operating Lease, Lease Income | — | — | — | — | — | — | — | $490.7m | $932.1m | — | — | |
| Operating expenses: | ||||||||||||
| Operating Costs and Expenses | $105.8m | $103.8m | $110.6m | $116.1m | $117.1m | $180.0m | $269.2m | $258.1m | $240.2m | $162.5m | — | |
| Vessels' operating expenses | ($105.8m) | ($103.8m) | ($110.6m) | ($116.1m) | ($117.1m) | ($180.0m) | ($269.2m) | ($258.1m) | ($240.2m) | ($162.5m) | — | |
| Operating Income (Loss) | $166.1m |
$137.0m
-17.49%
|
$117.2m
-14.49%
|
$173.1m
+47.77%
|
$60.3m
-65.15%
|
$441.4m
+631.58%
|
$662.2m
+50.05%
|
$468.0m
-29.33%
|
$462.3m
-1.23%
|
$456.2m
-1.31%
|
$414.8m
-9.06%
|
|
| Interest Expense | — | $55.9m | $61.4m | $88.3m | $66.5m | $72.3m | $107.2m | $152.1m | $140.0m | $90.2m | $81.0m | |
| Interest Expense, Debt | $49.9m | $45.3m | $40.4m | $71.3m | — | $74.0m | $104.6m | $129.2m | $114.9m | $79.8m | $81.0m | |
| Interest income | $1.6m | $2.6m | $3.5m | $3.3m | $1.8m | $1.6m | $6.0m | $32.4m | $33.2m | $19.3m | $14.2m | |
| Equity Securities, FV-NI, Realized Gain (Loss) | — | — | — | — | — | $60.2m | $0 | $0 | — | — | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | ($360k) | $31k | ($51k) | — | — | — | — | — | — | — | — | |
| Gain on sale of vessels, net (Note 8) | ($4.4m) | ($4.9m) | ($3.1m) | ($19.6m) | ($79.1m) | $45.9m | $126.3m | $112.2m | $3.8m | $0 | — | |
| Gain (Loss) on Derivative Instruments, Net, Pretax | $4.5m | $1.3m | ($162k) | ($651k) | ($1.8m) | ($1.2m) | $2.7m | $4.8m | ($38.1m) | $20.3m | — | |
| Income (Loss) from Equity Method Investments | ($78k) | $3.4m | $12.1m | $11.4m | $16.2m | $12.9m | $2.3m | $764k | $12k | $0 | — | |
| Income from equity method investments | ($78k) | $3.4m | $12.1m | $11.4m | $16.2m | $12.9m | $2.3m | $764k | $12k | $0 | — | |
| Total other expenses, net | ($84.4m) | ($64.1m) | ($49.9m) | ($74.1m) | ($51.5m) | ($6.2m) | ($107.6m) | ($87.0m) | ($145.9m) | ($59.6m) | — | |
| Net income from continuing operations | — | — | — | — | — | — | — | $518.9m | $407.3m | $396.5m | — | |
| Net Loss from discontinued operations (Note 3) | — | — | — | — | — | — | — | ($137.9m) | ($91.0m) | ($27.5m) | — | |
| Net Income (Loss) Attributable to Parent | $81.7m |
$72.9m
-10.80%
|
$67.2m
-7.74%
|
$99.0m
+47.23%
|
$8.9m
-91.03%
|
$435.1m
+4801.67%
|
$555.0m
+27.54%
|
$385.7m
-30.49%
|
$319.9m
-17.07%
|
$364.6m
+13.96%
|
$317.9m
-12.81%
|
|
| Net Income (Loss) Available to Common Stockholders, Basic | $60.6m |
$51.8m
-14.55%
|
$36.7m
-29.10%
|
$67.7m
+84.37%
|
($21.6m)
-131.87%
|
$404.1m
+1971.83%
|
$523.9m
+29.66%
|
$354.7m
-32.30%
|
$290.7m
-18.05%
|
$343.7m
+18.23%
|
$317.9m
-7.50%
|
|
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | — | — | $0 | $0 | ($263k) | ($4.7m) | ($3.6m) | $4.4m | $317.9m | |
| Preferred Stock Dividends and Other Adjustments | $21 | $21 | $31 | $31 | $31 | $31 | $31 | $31 | $24 | — | $20.9m | |
| Preferred Stock Dividends, Income Statement Impact | — | — | — | — | — | — | — | — | — | $21 | $20.9m | |
| Income (Loss) from Continuing Operations, Per Basic Share | — | — | — | — | — | — | — | $4 | $3 | $3 | — | |
| Earnings Per Share, Basic | $0.79 | $0.52 | $0.33 | $0.59 | ($0.18) | $3.28 | $4.26 | $2.95 | $2.44 | $2.86 | $2.64 | |
| Earnings per common share, basic and diluted - Total (Note 16) (in dollars per share) | $0.79 | $0.52 | $0.33 | $0.59 | ($0.18) | $3.28 | $4.26 | $2.95 | $2.44 | $2.86 | — | |
| Earnings per common share, basic and diluted - Continuing operations (Note 16) (in dollars per share) | — | — | — | — | — | — | — | $4.09 | $3.15 | $3.09 | — | |
| Losses per common share, basic and diluted - Discontinued operations (Note 16) (in dollars per share) | — | — | — | — | — | — | — | ($1.15) | ($0.71) | ($0.23) | — | |
| Weighted Average Number of Shares Outstanding, Basic | 77.2m | 100.5m | 110.4m | 115.7m | 120.7m | 123.1m | 123.0m | 120.3m | 119.3m | 120.2m | 120.5m | |
| Weighted average number of shares, basic and diluted (Note 16) (in shares) | 77.2m | 100.5m | 110.4m | 115.7m | 120.7m | 123.1m | 123.0m | 120.3m | 119.3m | 120.2m | — | |
| Weighted Average Number of Shares Outstanding, Diluted | 77.2m | 100.5m | 0 | 115.7m | 120.7m | 123.1m | 123.0m | 120.3m | 119.3m | 120.2m | 120.5m | |
| Additional Financial Items | ||||||||||||
| Income from investments in leaseback vessels | — | — | — | — | — | $0 | $0 | $8.9m | $23.9m | $31.2m | — | |
| Voyage expenses | ($1.9m) | ($2.6m) | ($5.8m) | ($5.3m) | ($7.4m) | ($13.3m) | ($49.1m) | ($275.9m) | ($371.1m) | ($52.0m) | — | |
| Voyage expenses-related parties (Note 4) | ($3.5m) | ($3.1m) | ($3.2m) | ($5.3m) | ($6.5m) | ($11.1m) | ($15.4m) | ($14.0m) | ($21.6m) | ($11.3m) | — | |
| Management fees-related parties (Note 4) | ($18.6m) | ($18.7m) | ($19.5m) | ($21.3m) | ($21.6m) | ($29.6m) | ($46.7m) | ($56.3m) | ($59.3m) | ($28.9m) | — | |
| Amortization of dry-docking and special survey costs (Note 9) | ($7.9m) | ($7.6m) | ($7.3m) | ($8.9m) | ($9.1m) | ($10.4m) | ($13.5m) | ($19.8m) | ($23.6m) | ($19.8m) | — | |
| Depreciation (Notes 8, 11 and 21) | ($100.9m) | ($96.4m) | ($96.3m) | ($113.5m) | ($108.7m) | ($137.0m) | ($166.0m) | ($166.3m) | ($164.2m) | ($129.5m) | — | |
| Foreign exchange gains /(losses) | — | $31k | ($51k) | ($27k) | ($300k) | $29k | $3.2m | $2.6m | ($5.4m) | $2.3m | — | |
| Interest and finance costs (Note 17) | ($72.8m) | ($69.8m) | ($64.0m) | ($89.0m) | ($68.7m) | ($86.0m) | ($122.2m) | ($144.4m) | ($133.1m) | ($91.4m) | — | |
| Other, net | $595k | $593k | $350k | $784k | $1.2m | $4.6m | $3.7m | $6.9m | $2.9m | $966k | — | |
| Gain / (loss) on derivative instruments, net (Note 19) | ($4.0m) | ($916k) | ($548k) | ($603k) | ($1.9m) | ($1.2m) | $2.7m | $17.3m | ($48.9m) | $11.4m | — | |
| Net (income) / loss attributable to the non-controlling interest (Notes 14 and 16) | — | — | — | — | $0 | $0 | $263k | $4.7m | $3.6m | ($4.4m) | $317.9m | |
| Earnings allocated to Preferred Stock (Note 16) | ($21.1m) | ($21.1m) | ($30.5m) | ($31.3m) | ($31.1m) | ($31.1m) | ($31.1m) | ($31.1m) | ($23.8m) | ($20.9m) | — | |
| Deemed dividend to Series E Preferred Stock | — | — | — | — | — | — | $0 | $0 | ($5.4m) | $0 | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | $0 | $0 | $263k | $4.7m | $3.6m | $396.5m | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | $0 | $0 | $263k | $4.7m | $3.6m | ($27.5m) | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.