← International Seaways, Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Available to Common Stockholders, Basic | — | ($106.1m) |
($88.9m)
+16.16%
|
($830k)
+99.07%
|
($5.5m)
-566.39%
|
($134.7m)
-2334.64%
|
$387.9m
+388.05%
|
$556.0m
+43.35%
|
$416.5m
-25.09%
|
$309.1m
-25.79%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ($18.2m) | ($106.1m) | ($88.9m) | ($830k) | ($5.5m) | ($134.7m) | $387.9m | $556.4m | $416.7m | $309.3m | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | — | — | — | ($1.2m) | — | — | — | — | — | |
| Depreciation, Depletion and Amortization | $79.9m | $78.9m | $72.4m | $75.7m | $74.3m | $86.7m | $110.4m | $129.0m | $149.4m | $163.6m | $164.4m | |
| Amortization of Debt Issuance Costs | $6.4m | $5.1m | $3.9m | $4.8m | $2.8m | $2.2m | $4.9m | $4.7m | $3.3m | $4.3m | — | |
| Amortization of Debt Issuance Costs and Discounts | $6.6m | $6.4m | $6.2m | $6.9m | $2.9m | $2.3m | $5.2m | $5.6m | $4.1m | $4.3m | — | |
| Amortization of Intangible Assets | — | — | — | — | — | $2.4m | $842k | — | — | — | — | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $110.4m | $129.0m | $149.4m | $163.6m | $164.4m | |
| Deferred Income Tax Expense (Benefit) | — | — | — | — | $0 | $10k | ($9k) | $0 | $0 | $0 | — | |
| Share-based Payment Arrangement, Noncash Expense | $2.8m | $3.8m | $3.2m | $4.3m | $5.6m | $10.5m | $6.7m | $8.5m | $9.0m | $8.7m | $8.2m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | $349k | $410k | $369k | $1.5m | $1.1m | $6.1m | $5.8m | $7.1m | $6.1m | — | |
| Equity Method Investment, Other than Temporary Impairment | — | $30.5m | $30.5m | $30.5m | — | — | — | — | — | — | — | |
| Gain (Loss) on Sale of Assets and Asset Impairment Charges | ($79.2m) | ($86.9m) | ($19.7m) | ($308k) | ($100.1m) | $9.8m | $19.6m | — | — | — | — | |
| Asset Impairment Charge | — | — | — | — | — | — | $1.7m | $0 | $8.7m | $0 | $0 | |
| Equity Method Investment, Realized Gain (Loss) on Disposal | — | — | — | $3.0m | — | — | ($9.5m) | — | — | — | — | |
| Income (Loss) from Equity Method Investments | $16.8m | $49.0m | $29.4m | $11.2m | $4.1m | $21.8m | $714k | — | — | — | — | |
| Nonoperating Income (Expense) | $966k | ($5.8m) | ($3.7m) | $943k | $12.8m | $5.9m | $2.3m | $10.7m | $10.1m | $6.2m | — | |
| Earnings (Loss)es From Equity Investments | — | — | — | — | — | ($21.8m) | ($10.3m) | $20k | ($241k) | — | ($241k) | |
| Income (Loss) from Equity Method Investments, Net of Dividends or Distributions | $17.8m | $49.4m | $29.2m | $30.3m | $4.0m | $21.8m | $10.3m | ($20k) | $241k | — | — | |
| Change In Working Capital | — | — | — | — | — | — | ($167.0m) | $54.6m | $62.3m | $16.3m | ($69.6m) | |
| Change In Receivables | — | — | — | — | — | — | ($182.7m) | $42.6m | $61.6m | $7.6m | ($82.1m) | |
| Net Cash Provided by (Used in) Operating Activities | $116.8m |
($3.8m)
-103.28%
|
($12.5m)
-226.27%
|
$87.5m
+801.01%
|
$216.1m
+147.06%
|
($76.2m)
-135.25%
|
$287.8m
+477.73%
|
$688.4m
+139.19%
|
$547.1m
-20.52%
|
$380.1m
-30.54%
|
$451.2m
+18.71%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $2.0m | $173.5m | $148.9m | — | — | — | ($116.7m) | ($206.6m) | ($285.2m) | ($341.9m) | ($329.5m) | |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | $39k | $1.6m | ($643k) | ($308k) | $2.9m | $13.2m | $21.3m | $35.9m | $41.4m | $42.5m | ($124.3m) | |
| Capital Expenditure Reported | — | — | — | — | — | — | ($116.7m) | ($206.6m) | ($280.2m) | ($341.9m) | ($329.5m) | |
| Net Cash Provided by (Used in) Investing Activities | $23.6m | ($136.8m) | $123.7m | $107.9m | $32.4m | $133.3m | $42.8m | ($124.3m) | ($155.0m) | ($141.3m) | ($215.9m) | |
| Cash flows from financing activities: | ||||||||||||
| Gain (Loss) on Extinguishment of Debt | — | — | $1.3m | ($1.1m) | ($1.2m) | ($4.5m) | — | ($1.3m) | — | ($315k) | — | |
| Repayments of Long-term Debt | — | — | — | $49.9m | $82.0m | $164.3m | $798.7m | $382.1m | $39.9m | — | ($420.6m) | |
| Proceeds from Issuance of Long-term Debt | — | $614.9m | $70.1m | — | — | — | $640.1m | — | — | — | $434.1m | |
| Issuance Of Debt | — | — | — | — | — | — | $749.1m | $219.7m | $120.0m | $411.5m | $434.1m | |
| Long Term Debt Issuance | — | — | — | — | — | — | $749.1m | $219.7m | $120.0m | $411.5m | $434.1m | |
| Long Term Debt Payments | — | — | — | — | — | — | ($838.0m) | ($568.0m) | ($159.1m) | ($528.1m) | ($420.6m) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | ($88.9m) | ($348.3m) | ($39.1m) | ($116.6m) | $13.5m | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | ($88.9m) | ($348.3m) | ($39.1m) | ($116.6m) | $13.5m | |
| Net Short Term Debt Issuance | — | — | — | — | — | $0 | $0 | $0 | $50.0m | — | ($117.2m) | |
| Repayment Of Debt | — | — | — | — | — | — | ($838.0m) | ($568.0m) | ($159.1m) | ($528.1m) | ($420.6m) | |
| Short Term Debt Issuance | — | — | — | — | — | $0 | $0 | $50.0m | $120.0m | — | $90.0m | |
| Short Term Debt Payments | — | — | — | — | — | $0 | $0 | ($50.0m) | ($70.0m) | — | ($207.2m) | |
| Payments for Repurchase of Common Stock | — | — | — | — | $30.0m | $16.7m | $20.0m | $13.9m | $25.0m | — | — | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($69.8m) | ($308.2m) | ($284.4m) | ($144.6m) | ($216.6m) | |
| Common Stock Payments | — | — | — | — | — | — | ($20.0m) | ($13.9m) | ($25.0m) | $0 | $0 | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($20.0m) | ($13.9m) | ($25.0m) | $0 | $0 | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($20.0m) | ($13.9m) | ($25.0m) | $0 | $0 | |
| Dividends paid | — | — | — | — | $6.8m | $40.9m | $69.8m | $308.2m | $284.4m | $144.6m | ($216.6m) | |
| Cash Dividends Paid | — | — | — | — | — | — | ($69.8m) | ($308.2m) | ($284.4m) | ($144.6m) | ($216.6m) | |
| Dividend Received CFO | — | — | — | — | — | $9.8m | $3.1m | $0 | $0 | — | $0 | |
| Proceeds from (Payments for) Other Financing Activities | — | — | ($222k) | ($289k) | ($163k) | — | — | — | — | — | — | |
| Net Other Financing Charges | — | — | — | — | — | — | ($7.0m) | ($10.7m) | ($12.8m) | ($18.1m) | ($23.2m) | |
| Net Cash Provided by (Used in) Financing Activities | — | — | ($64.2m) |
($162.8m)
-153.56%
|
($183.1m)
-12.48%
|
($173.8m)
+5.04%
|
($185.8m)
-6.87%
|
($681.1m)
-266.61%
|
($361.4m)
+46.94%
|
($279.3m)
+22.71%
|
($226.2m)
+19.01%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | ($21.4m) | $47.0m | $32.6m | $65.4m | ($116.7m) | $144.8m | ($117.0m) | $30.7m | ($40.6m) | $141.8m | |
| Beginning Cash Position | — | — | — | — | — | — | $98.9m | $243.7m | $126.8m | $157.5m | $132.8m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $92.0m | $70.6m | $117.6m | $150.2m | $215.7m | $98.9m | $243.7m | $126.8m | $157.5m | $116.9m | $141.8m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Additional Financial Items | ||||||||||||
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement | ($640k) | — | ($1.4m) | — | — | — | — | — | — | — | — | |
| Gain (Loss) on Disposition of Assets | — | — | — | — | — | — | — | $35.9m | $32.7m | $42.5m | — | |
| General and Administrative Expense | $31.6m | $24.5m | $24.3m | $26.8m | $29.0m | $33.3m | $46.4m | $47.5m | $52.6m | $50.2m | — | |
| Income Tax Expense (Benefit) | $440k | $44k | ($105k) | $1k | $1k | $1.6m | $88k | $3.9m | ($1.1m) | ($411k) | — | |
| Insured Event, Gain (Loss) | — | — | $1.8m | — | — | — | — | — | — | — | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $49.7m | $42.7m | — | |
| Investment Income, Interest | — | $676k | $1.3m | $2.8m | $558k | $104k | $3.7m | $14.0m | $9.9m | $7.6m | — | |
| Noncash Merger Related Costs | — | — | — | — | — | $31.1m | — | — | — | — | — | |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | $16.2m | — | — | — | — | — | — | — | — | — | — | |
| Payments for Repurchase of Warrants | — | $3.2m | — | — | — | — | — | — | — | — | — | |
| Proceeds from Contributions from Affiliates | — | $21.2m | — | — | — | — | — | — | — | — | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($185.8m) | ($681.1m) | ($361.4m) | ($279.3m) | ($226.2m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | $42.8m | ($124.3m) | ($155.0m) | ($141.3m) | ($215.9m) | |
| Change In Account Payable | — | — | — | — | — | — | $13.1m | $8.7m | ($942k) | $10.5m | $10.5m | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | $144.8m | ($117.0m) | $30.7m | ($40.6m) | — | |
| Change In Other Working Capital | — | — | — | — | — | — | $2.6m | $3.3m | $1.6m | ($1.9m) | $2.0m | |
| Change In Payable | — | — | — | — | — | — | $13.1m | $8.7m | ($942k) | $10.5m | $10.5m | |
| Changes In Cash | — | — | — | — | — | — | $144.8m | ($117.0m) | $30.7m | ($40.6m) | $9.1m | |
| End Cash Position | — | — | — | — | — | — | $243.7m | $126.8m | $157.5m | $116.9m | $141.8m | |
| Financing Cash Flow | — | — | — | — | — | — | ($185.8m) |
($681.1m)
-266.61%
|
($361.4m)
+46.94%
|
($279.3m)
+22.71%
|
($226.2m)
+19.01%
|
|
| Free Cash Flow | — | — | — | — | — | — | $171.1m | $481.8m | $262.0m | $38.1m | $121.6m | |
| Gain Loss On Sale Of Business | — | — | — | — | — | $0 | $9.5m | $0 | $0 | — | $0 | |
| Gain Loss On Sale Of PPE | — | — | — | — | — | — | ($21.3m) | ($35.9m) | ($41.4m) | ($42.5m) | ($120.7m) | |
| Investing Cash Flow | — | — | — | — | — | — | $42.8m | ($124.3m) | ($155.0m) | ($141.3m) | ($215.9m) | |
| Net Business Purchase And Sale | — | — | — | — | — | $54.0m | $139.0m | $0 | $0 | — | $0 | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | ($78.6m) | $16.4m | $58.3m | ($50.6m) | ($235.7m) | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | $99.2m | $66.0m | $66.9m | $251.3m | $358.8m | |
| Operating Gains Losses | — | — | — | — | — | — | ($22.1m) | ($34.6m) | ($41.4m) | ($42.2m) | ($124.3m) | |
| Other Non Cash Items | — | — | — | — | — | — | ($32.9m) | ($25.6m) | ($57.7m) | ($75.5m) | — | |
| Purchase Of Investment | — | — | — | — | — | — | ($105.0m) | ($238.6m) | ($126.7m) | ($50.6m) | ($275.6m) | |
| Purchase Of PPE | $2.0m | $173.5m | $148.9m | — | — | — | $0 | $0 | ($5.0m) | $2.9m | ($329.5m) | |
| Sale Of Business | — | — | — | — | — | $54.0m | $139.0m | $0 | $0 | — | $0 | |
| Sale Of Investment | — | — | — | — | — | — | $26.4m | $255.0m | $185.0m | $0 | $40.0m | |
| Sale Of PPE | — | — | — | — | — | — | $99.2m | $66.0m | $71.9m | $251.3m | $358.8m | |
| Stock Based Compensation | — | — | — | — | — | — | $6.7m | $8.5m | $9.0m | $8.7m | $8.2m |