← SAFE BULKERS, INC.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| REVENUES | $109.8m |
$148.0m
+34.85%
|
$193.2m
+30.51%
|
$197.8m
+2.37%
|
$198.2m
+0.20%
|
$329.0m
+66.04%
|
$349.7m
+6.29%
|
$284.4m
-18.68%
|
$307.6m
+8.17%
|
$275.7m
-10.37%
|
$307.5m
+11.52%
|
|
| General and Administrative Expense | $15.4m | $16.1m | $19.2m | $20.6m | $21.5m | $22.5m | $21.8m | $23.8m | $27.0m | $29.9m | $29.8m | |
| Other General and Administrative Expense | $1.2m | $1.4m | $1.3m | $1.3m | $1.0m | $1.6m | $2.1m | $2.6m | $2.4m | $2.3m | — | |
| Operating expenses: | ||||||||||||
| Operating Costs and Expenses | $49.5m | $52.8m | $63.5m | $68.6m | $70.1m | $72.0m | $80.2m | $89.2m | $92.6m | $97.3m | — | |
| Vessel operating expenses | ($49.5m) | ($52.8m) | ($63.5m) | ($68.6m) | ($70.1m) | ($72.0m) | ($80.2m) | ($89.2m) | ($92.6m) | ($97.3m) | — | |
| Operating Income (Loss) | ($31.4m) |
($69.3m)
-120.63%
|
$55.9m
+180.64%
|
$44.1m
-21.18%
|
$10.5m
-76.21%
|
$191.4m
+1726.84%
|
$184.6m
-3.54%
|
$104.1m
-43.60%
|
$128.4m
+23.31%
|
$70.0m
-45.52%
|
$102.3m
+46.28%
|
|
| Other Operating Income (Expense), Net | ($31.4m) | ($390k) | $0 | ($414k) | ($241k) | $0 | ($3.6m) | ($1.9m) | ($1.3m) | ($3.8m) | — | |
| Interest income | $515k | $799k | $929k | $1.6m | $604k | $69k | $783k | $2.5m | $3.4m | $5.1m | $5.9m | |
| Foreign Currency Transaction Gain (Loss), before Tax | ($76k) | $1.8m | ($670k) | ($76k) | $916k | ($910k) | ($1.1m) | ($1.9m) | $4.2m | ($10.0m) | — | |
| Gain on sale of assets | ($2.8m) | ($120k) | $0 | $0 | $0 | $11.6m | $0 | $10.4m | $16.6m | $4.6m | — | |
| Other Nonoperating Income (Expense) | — | $7.7m | ($973k) | ($714k) | ($641k) | ($798k) | ($1.4m) | ($756k) | ($618k) | ($712k) | — | |
| Other Income | $5.5m | $6.4m | $8.5m | $4.3m | $5.0m | $9.0m | $13.0m | $5.0m | $4.1m | $3.8m | — | |
| Interest Expense (non-operating) | $19.6m | $23.2m | $25.7m | $26.8m | $21.2m | $14.7m | $17.1m | $24.7m | $31.4m | $30.3m | $27.7m | |
| Net Income (Loss) Attributable to Parent | ($56.0m) |
($84.7m)
-51.30%
|
$27.7m
+132.69%
|
$16.0m
-42.07%
|
($12.9m)
-180.47%
|
$174.3m
+1451.01%
|
$172.6m
-1.03%
|
$77.4m
-55.17%
|
$97.4m
+25.89%
|
$38.6m
-60.40%
|
$79.0m
+104.82%
|
|
| Net Income (Loss) Available to Common Stockholders, Basic | ($70.0m) |
($99.1m)
-41.65%
|
$16.3m
+116.44%
|
$4.3m
-73.37%
|
($25.3m)
-683.11%
|
$163.6m
+746.13%
|
$163.6m
+0.01%
|
$69.4m
-57.60%
|
$89.4m
+28.87%
|
$30.6m
-65.80%
|
$79.0m
+158.43%
|
|
| Preferred Stock Dividends, Income Statement Impact | $14 | $12 | $11 | $11 | $12 | $11 | $9 | $8 | $8 | $8 | $8.0m | |
| Earnings Per Share, Basic | ($0.83) | ($0.98) | $0.16 | $0.04 | ($0.25) | $1.44 | $1.36 | $0.61 | $0.83 | $0.30 | $0.77 | |
| Earnings Per Share, Diluted | ($0.83) | ($0.98) | $0.16 | $0.04 | ($0.25) | $1.44 | $1.36 | $0.61 | $0.83 | $0.30 | $0.77 | |
| Common Stock, Dividends, Per Share, Declared | $0.00 | $0.00 | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.20 | $0.20 | $0.20 | — | |
| Weighted Average Number of Shares Outstanding, Basic | — | — | — | 101.7m | 102.6m | 113.7m | 120.7m | 113.6m | 107.6m | 103.0m | 102.2m | |
| Weighted average number of shares, basic (in shares) | — | — | — | 101.7m | 102.6m | 113.7m | 120.7m | 113.6m | 107.6m | 103.0m | — | |
| Weighted average number of shares, diluted (in shares) | — | — | — | 101.7m | 102.6m | 113.7m | 120.7m | 113.6m | 107.6m | 103.0m | — | |
| Weighted Average Number of Shares Outstanding, Diluted | — | — | — | 101.7m | 102.6m | 113.7m | 120.7m | 113.6m | 107.6m | 103.0m | 102.2m | |
| Additional Financial Items | ||||||||||||
| Cost, Depreciation and Amortization | — | — | — | — | — | $52.4m | $49.5m | $54.1m | $58.1m | $59.9m | — | |
| Direct Operating Maintenance Supplies Costs | $7.0m | $9.3m | $13.9m | $14.8m | $14.9m | $15.5m | $16.6m | $18.7m | $20.7m | $23.1m | — | |
| Cost, Direct Tax and License | $1.3m | $941k | $842k | $608k | $642k | $690k | $674k | $606k | $575k | $702k | — | |
| Operating Insurance and Claims Costs, Production | $3.5m | $3.1m | $3.2m | $3.4m | $3.4m | $3.6m | $4.7m | $5.3m | $5.7m | $5.4m | — | |
| Other Cost and Expense, Operating | $1.6m | $1.5m | $1.8m | $2.6m | $2.6m | $2.8m | $2.9m | $3.3m | $3.4m | $3.3m | — | |
| Commissions | ($4.2m) | ($6.0m) | ($8.4m) | ($8.9m) | ($7.9m) | ($14.4m) | ($14.3m) | ($11.0m) | ($13.0m) | ($12.4m) | — | |
| Voyage expenses | ($7.7m) | ($3.9m) | ($6.4m) | ($13.7m) | ($41.6m) | ($9.8m) | ($10.0m) | ($21.7m) | ($16.7m) | ($19.5m) | — | |
| Depreciation and amortization | ($49.5m) | ($51.4m) | ($48.1m) | ($50.3m) | ($54.3m) | ($52.4m) | ($49.5m) | ($54.1m) | ($58.1m) | ($59.9m) | — | |
| - Management fee to related parties | — | — | — | — | — | ($19.2m) | ($17.7m) | ($19.2m) | ($21.4m) | ($24.1m) | — | |
| - Company administration expenses | ($3.8m) | ($2.6m) | ($2.7m) | ($2.6m) | ($2.6m) | ($3.3m) | ($4.1m) | ($4.6m) | ($5.7m) | ($5.8m) | — | |
| Other operating expense | $794k | ($390k) | $0 | ($414k) | ($241k) | $0 | ($3.6m) | ($1.9m) | ($1.3m) | ($3.8m) | — | |
| Other finance cost | — | $7.7m | ($973k) | ($714k) | ($641k) | ($798k) | ($1.4m) | ($756k) | ($618k) | ($712k) | — | |
| Gain/(loss) on derivatives | ($620k) | $72k | $18k | ($121k) | ($1.3m) | $2.2m | $8.7m | $523k | ($3.7m) | $7.3m | — | |
| Foreign currency (loss)/gain | ($76k) | $1.8m | ($670k) | ($76k) | $916k | ($910k) | ($1.1m) | ($1.9m) | $4.2m | ($10.0m) | — | |
| Amortization and write-off of deferred finance charges | ($3.1m) | ($2.5m) | ($1.8m) | ($1.8m) | ($1.7m) | ($2.9m) | ($2.0m) | ($2.5m) | ($3.0m) | ($2.8m) | — | |
| Less preferred dividend attributable to preferred shareholders | $14.0m | $12.3m | $11.4m | $11.5m | $11.5m | $11.1m | $9.0m | $8.0m | $8.0m | $8.0m | — |