International Seaways (INSW) FY2022 results: revenue $865 million, up 217.3% on the year
International Seaways, Inc. (INSW) reported revenue of $865 million for fiscal 2022, the year ended 31 December 2022, up 217.3% on the year before. Net income was $388 million, and diluted earnings per share $7.77. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2023.
Revenue
$865 million
+217.3% on the year
FY2015FY2022
Operating margin
51.2%
-41.1% a year earlier
FY2015FY2022
Net income
$388 million
FY2015FY2022
Diluted EPS
$7.77
FY2015FY2022
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
288
-76.2
216
Capital expenditure
116
78.0
50.0
+48.7%
Free cash flow
172
-154
166
Free cash flow margin
19.9%
-56.6%
39.4%
Cash from investing
42.8
133
32.4
-67.9%
Cash from financing
-186
-174
-183
Depreciation and amortisation
110
86.7
74.3
+27.4%
Share-based compensation
6.7
10.5
5.6
-35.9%
Buybacks
20.0
16.7
30.0
+20.2%
Dividends paid
69.8
40.9
6.8
+70.6%
Dividend per share
$1.42
n/a
n/a
Diluted shares, weighted
50m
38m
28m
+29.8%
Shares outstanding at period end
49m
50m
28m
-1.0%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
1,488
1,170
972
+27.2%
Non-controlling interest
n/a
0.6
0.0
Debt
1,023
1,105
536
-7.4%
Operating lease liabilities
7.7
12.5
10.3
-38.2%
Other liabilities
96.4
58.9
68.4
+63.6%
Total liabilities and equity
2,615
2,347
1,587
+11.4%
Fixed assets
1,680
1,803
1,108
-6.8%
Intangible assets
n/a
0.8
0.0
Investments
80.0
n/a
n/a
Cash and equivalents
244
97.9
199
+149.0%
Receivables
290
107
43.4
+170.6%
Inventory
0.5
2.1
3.6
-74.8%
Other assets
321
336
232
-4.4%
Total assets
2,615
2,347
1,587
+11.4%
10-K for the year ended 31 December 2022, filed 28 February 2023: the filing.