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INTERNATIONAL SEAWAYS, INC.

CIK: 1679049 SIC: 4400
$770.04M
Revenue
$217.58M
Net Income
-
Gross Margin
32.76%
Op. Margin
$553.35M
Free Cash Flow
Financial Statements Annual (10-K)
Showing 9 of 9 annual reports available (2016 - 2024)
Breakdown TTM
(Sep 30, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
FY 2020
(Dec 31, 2020)
FY 2019
(Dec 31, 2019)
FY 2018
(Dec 31, 2018)
FY 2017
(Dec 31, 2017)
FY 2016
(Dec 31, 2016)
+ Total Revenue $770.04M $951.61M $1.07B $864.66M $272.55M $421.65M $366.18M $270.36M $290.10M $398.32M
Revenue Growth % -19.1% -11.2% 24.0% 217.3% -35.4% 15.1% 35.4% -6.8% -27.2% nan%
Operating Expenses $517.77M $496.39M $456.34M $422.01M $384.68M $381.77M $311.02M $324.89M $398.33M $392.38M
+ Operating Income $252.26M $455.23M $615.43M $442.65M $-112.14M $39.88M $55.17M $-54.53M $-108.23M $5.94M
Operating Margin % 32.8% 47.8% 57.4% 51.2% -41.1% 9.5% 15.1% -20.2% -37.3% 1.5%
Interest Expense $42.73M $49.70M $65.76M $57.72M $36.80M $36.71M $66.27M $60.23M $40.44M $39.48M
Interest Income - $9.92M $13.96M - - - - - - -
Other Income/Expense $6.96M $10.12M $10.65M $2.33M $-5.95M $-12.82M $-943.00K $-3.71M $-6.34M $-966.00K
Income Before Tax - $415.64M $560.32M $387.98M $-133.04M $-5.53M $-829.00K $-89.05M $-106.04M $-17.65M
Income Tax Expense - $-1.08M $3.88M $88.00K $1.62M $1.00K $1.00K $-105.00K $44.00K $440.00K
+ Net Income $217.58M $416.72M $556.45M $387.89M $-133.49M $-5.53M $-830.00K $-88.94M $-106.09M $-18.22M
Net Margin % 28.3% 43.8% 51.9% 44.9% -49.0% -1.3% -0.2% -32.9% -36.6% -4.6%
Basic EPS 4.41 8.45 11.35 7.85 -3.48 -0.20 -0.03 nan nan nan
Diluted EPS 4.39 8.38 11.25 7.77 -3.48 -0.20 -0.03 nan nan nan
Basic Shares Outstanding 49.3M 49.3M 49.0M 49.4M 38.4M 28.4M 29.2M 29.1M 29.2M 29.2M
Diluted Shares Outstanding 49.6M 49.7M 49.4M 49.8M 38.4M 28.4M 29.2M 29.1M 29.2M 29.2M
Breakdown FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
FY 2020
(Dec 31, 2020)
FY 2019
(Dec 31, 2019)
FY 2018
(Dec 31, 2018)
FY 2017
(Dec 31, 2017)
FY 2016
(Dec 31, 2016)
Cash & Cash Equivalents $157.51M $126.76M $243.74M $97.88M $199.39M $89.67M $58.31M $60.03M $92.00M
Short-term Investments - $60.00M $80.00M - - - - - -
Accounts Receivable $185.52M $247.16M $289.77M $107.10M $43.36M $83.84M $94.62M $58.19M $66.92M
Inventory $1.88M $1.33M $531.00K $2.11M $3.60M $3.90M $3.07M $3.27M $1.34M
Other Current Assets $15.57M $10.34M $8.99M $11.76M $6.00M $5.99M $5.91M $5.90M $5.35M
Total Current Assets $376.32M $464.98M $642.62M $224.50M $256.83M $187.34M $167.62M $131.79M $170.91M
Property Plant & Equipment $2.05B $1.91B $1.68B $1.80B $1.11B $1.29B $1.33B $1.10B $1.10B
Intangible Assets - - - $842.00K - - - - -
Other Non-current Assets $25.23M $6.57M $9.22M $7.70M $3.23M $2.93M $5.06M $2.86M $2.32M
Total Assets $2.64B $2.52B $2.62B $2.35B $1.59B $1.75B $1.85B $1.66B $1.66B
Accounts Payable $5.83M - - - - - - - -
Deferred Revenue $7.83M - - - - - - - -
Other Current Liabilities $2.94M - - - - - - - -
Total Current Liabilities $130.94M $195.57M $257.39M $234.61M $108.90M $114.48M $75.27M $47.23M $45.10M
Long-term Debt $688.41M $595.23M $860.58M $926.27M $474.33M $590.75M $759.11M $528.87M $433.47M
Other Non-current Liabilities $2.35M $2.63M $1.88M $2.29M $14.86M $1.49M $2.44M $2.72M $4.44M
Total Liabilities $780.35M $805.06M $1.13B $1.18B $614.50M $731.21M $838.75M $578.83M $483.01M
Common Stock $1.50B $1.49B $1.50B $1.59B $1.28B $1.31B $1.31B $1.31B $29.82M
Retained Earnings $359.14M $226.83M $-21.45M $-409.34M $-275.85M $-270.31M $-269.49M $-180.54M $-74.46M
Total Stockholders Equity $1.86B $1.72B $1.49B $1.17B $972.04M $1.02B $1.01B $1.09B $1.18B
Total Liabilities & Equity $2.64B $2.52B $2.62B $2.35B $1.59B $1.75B $1.85B $1.66B $1.66B
Breakdown TTM
(Sep 30, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
FY 2020
(Dec 31, 2020)
FY 2019
(Dec 31, 2019)
FY 2018
(Dec 31, 2018)
FY 2017
(Dec 31, 2017)
FY 2016
(Dec 31, 2016)
Net Income $217.58M $416.72M $556.45M $387.89M $-133.49M $-5.53M $-830.00K $-88.94M $-106.09M $-18.22M
Depreciation & Amortization $161.69M $149.44M $129.04M $110.39M $86.67M $74.34M $75.65M $72.43M $78.85M $79.89M
Stock-based Compensation $14.81M $9.00M $8.52M $6.75M $10.53M $5.63M $4.28M $3.16M $3.81M $2.84M
Change in Receivables $-96.56M $-61.64M $-42.61M $182.68M $16.47M $-40.48M $-10.78M $36.44M $-8.73M $-8.03M
Operating Cash Flow $553.35M $547.14M $688.40M $287.80M $-76.19M $216.14M $87.49M $-12.48M $17.39M $128.96M
Capital Expenditure - - - - - - - $148.95M $173.53M $1.99M
Investing Cash Flow $90.95M $-155.02M $-124.27M $42.80M $133.29M $32.37M $107.87M $123.71M $-136.80M $2.45M
Debt Repayment - $39.85M $382.05M $798.74M $164.26M $82.01M $49.91M $71.61M $54.98M -
Stock Repurchased - $25.00M $13.95M $20.02M $16.66M $30.00M - - - -
Dividends Paid $259.77M $284.42M $308.15M $69.84M $40.94M $6.77M - - - -
Financing Cash Flow $-368.47M $-361.38M $-681.12M $-185.79M $-173.84M $-183.07M $-162.76M $-64.19M $98.01M $-357.26M
Net Change in Cash $275.82M $30.75M $-116.98M $144.81M $-116.74M $65.43M $32.60M $47.04M $-21.39M $-225.85M
SEC Filing Format - Data shown as it appears in the Q3 2025 (10-Q) filing Period ended: Sep 30, 2025
Condensed Consolidated Statements of Operations
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Total Revenue $196.39M $225.19M $575.42M $757.00M
Operating Expenses $117.70M $124.22M $368.20M $346.82M
Operating Income $78.68M $100.97M $207.22M $410.18M
Interest Expense $9.62M $12.50M $30.84M $37.81M
Other Income/Expense $1.49M $3.21M $5.37M $8.53M
Income Before Tax $70.55M $91.69M $181.76M $380.90M
Income Tax Expense - $-1.00K - $-1.00K
Net Income $70.55M $91.69M $181.76M $380.90M
Basic EPS 1.43 1.85 3.68 7.72
Diluted EPS 1.42 1.84 3.67 7.66
Basic Shares Outstanding $49.35M $49.54M $49.33M $49.30M
Diluted Shares Outstanding $49.61M $49.88M $49.54M $49.68M
Condensed Consolidated Balance Sheets
Description Sep 30, 2025 Dec 31, 2024
Cash & Cash Equivalents $412.57M $157.51M
Short-term Investments - -
Accounts Receivable $155.02M $185.52M
Inventory $577.00K $1.88M
Other Current Assets $9.40M $15.57M
Total Current Assets $591.97M $376.32M
Property Plant & Equipment $1.95B $2.05B
Other Non-current Assets $29.27M $25.23M
Total Assets $2.79B $2.64B
Total Current Liabilities $337.71M $130.94M
Long-term Debt $509.53M $638.35M
Other Non-current Liabilities $2.35M $2.35M
Total Liabilities $855.79M $780.35M
Common Stock $1.51B $1.50B
Retained Earnings $438.77M $359.14M
Total Stockholders Equity $1.93B $1.86B
Total Liabilities & Equity $2.79B $2.64B
Condensed Consolidated Statements of Cash Flows
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Net Income $70.55M $91.69M $181.76M $380.90M
Depreciation & Amortization $41.17M $39.30M $122.22M $109.97M
Stock-based Compensation - - $5.81M $5.74M
Change in Receivables - - $-30.50M $-56.07M
Operating Cash Flow - - $234.05M $453.52M
Investing Cash Flow - - $25.48M $-137.09M
Debt Repayment - - - $39.85M
Stock Repurchased - - - $25.00M
Dividends Paid - - $102.13M $225.38M
Financing Cash Flow - - $-4.47M $-339.88M
Net Change in Cash - - $255.06M $-23.45M

All values are in USD (United States Dollars). Data is sourced from SEC EDGAR 10-K filings.

Annual data represents full fiscal year results. FY = Fiscal Year ending.

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