FRO
Income statement / Annual
Last year (2023), Frontline Ltd.'s total revenue was $1.80 B,
an increase of 26.01% from the previous year.
In 2023, Frontline Ltd.'s net income was $656.41 M.
See Frontline Ltd.,s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
FY-2014
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
12/31/2014 |
| Operating Revenue |
$1.80 B |
$1.43 B |
$749.38 M |
$1.22 B |
$957.32 M |
$742.27 M |
$646.33 M |
$754.31 M |
$458.93 M |
$559.69 M |
| Cost of Revenue |
$1.03 B
|
$949.21 M
|
$718.77 M
|
$684.49 M
|
$678.81 M
|
$652.21 M
|
$556.52 M
|
$490.05 M
|
$270.06 M
|
$457.51 M
|
| Gross Profit |
$776.11 M
|
$481.00 M
|
$30.61 M
|
$536.70 M
|
$278.51 M
|
$90.06 M
|
$89.81 M
|
$264.26 M
|
$188.88 M
|
$102.18 M
|
| Gross Profit Ratio |
0.43
|
0.34
|
0.04
|
0.44
|
0.29
|
0.12
|
0.14
|
0.35
|
0.41
|
0.18
|
| Research and Development Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| General & Administrative Expenses |
$53.53 M
|
$48.30 M
|
$27.89 M
|
$58.81 M
|
$45.02 M
|
$37.29 M
|
$37.60 M
|
$37.03 M
|
$10.58 M
|
$77.69 M
|
| Selling & Marketing Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$286.37 M
|
| Selling, General & Administrative Expenses |
$53.53 M
|
$48.30 M
|
$27.89 M
|
$58.81 M
|
$45.02 M
|
$37.29 M
|
$37.60 M
|
$37.03 M
|
$10.58 M
|
$77.69 M
|
| Other Expenses |
-$24.08 M
|
-$9.48 M
|
-$5.89 M
|
-$29.90 M
|
-$3.42 M
|
-$10.21 M
|
$27.36 M
|
$18.83 M
|
$320,000.00
|
$1.49 M
|
| Operating Expenses |
$29.45 M
|
$38.82 M
|
$22.00 M
|
$28.90 M
|
$41.60 M
|
$27.09 M
|
$35.22 M
|
$41.03 M
|
$10.58 M
|
$77.69 M
|
| Cost And Expenses |
$1.06 B
|
$988.03 M
|
$740.77 M
|
$713.39 M
|
$720.41 M
|
$679.29 M
|
$591.74 M
|
$531.07 M
|
$280.64 M
|
$535.20 M
|
| Interest Income |
$15.95 M
|
$1.46 M
|
$119,000.00
|
$705,000.00
|
$1.51 M
|
$843,000.00
|
$588,000.00
|
$367,000.00
|
$47,000.00
|
$47,000.00
|
| Interest Expense |
$178.50 M
|
$98.71 M
|
$61.44 M
|
$72.16 M
|
$94.46 M
|
$93.28 M
|
$69.82 M
|
$56.69 M
|
$17.62 M
|
$75.83 M
|
| Depreciation & Amortization |
$230.94 M
|
$165.17 M
|
$165.21 M
|
$138.77 M
|
$117.85 M
|
$126.63 M
|
$143.66 M
|
$143.07 M
|
$54.53 M
|
$83.73 M
|
| EBITDA |
$1.06 B |
$725.83 M |
$217.24 M |
$628.35 M |
$357.25 M |
$210.23 M |
-$52.47 M |
$315.59 M |
$327.68 M |
$72.55 M |
| EBITDA Ratio |
0.59
|
0.43
|
0.24
|
0.53
|
0.38
|
0.28
|
0.35
|
0.51
|
0.51
|
0.13
|
| Operating Income Ratio |
0.41
|
0.31
|
0.04
|
0.42
|
0.25
|
0.11
|
-0.3
|
0.24
|
0.63
|
-0.09
|
| Total Other Income/Expenses Net |
-$90.05 M
|
$16.09 M
|
-$18.08 M
|
-$94.80 M
|
-$99.23 M
|
-$90.79 M
|
-$67.76 M
|
-$59.62 M
|
-$31.68 M
|
$16.70 M
|
| Income Before Tax |
$656.62 M
|
$473.13 M
|
-$6.52 M
|
$412.99 M
|
$140.29 M
|
-$8.08 M
|
-$264.03 M
|
$117.86 M
|
$255.54 M
|
-$171.20 M
|
| Income Before Tax Ratio |
0.36
|
0.33
|
-0.01
|
0.34
|
0.15
|
-0.01
|
-0.41
|
0.16
|
0.56
|
-0.31
|
| Income Tax Expense |
$205,000.00
|
$412,000.00
|
$4.63 M
|
-$14,000.00
|
$307,000.00
|
$316,000.00
|
$290,000.00
|
$345,000.00
|
$150,000.00
|
$459,000.00
|
| Net Income |
$656.41 M
|
$475.54 M
|
-$11.15 M
|
$412.88 M
|
$139.97 M
|
-$8.40 M
|
-$264.86 M
|
$117.01 M
|
$154.62 M
|
-$162.94 M
|
| Net Income Ratio |
0.36
|
0.33
|
-0.01
|
0.34
|
0.15
|
-0.01
|
-0.41
|
0.16
|
0.34
|
-0.29
|
| EPS |
2.95 |
2.22 |
-0.056 |
2.11 |
0.81 |
-0.0495 |
-1.56 |
0.75 |
1.29 |
-1.3 |
| EPS Diluted |
2.95 |
2.22 |
-0.056 |
2.09 |
0.78 |
-0.0495 |
-1.56 |
0.75 |
1.29 |
-1.3 |
| Weighted Average Shares Out |
$222.62 M
|
$214.01 M
|
$198.97 M
|
$195.64 M
|
$173.58 M
|
$169.81 M
|
$169.78 M
|
$156.97 M
|
$120.08 M
|
$125.19 M
|
| Weighted Average Shares Out Diluted |
$222.62 M
|
$214.01 M
|
$198.97 M
|
$197.81 M
|
$179.32 M
|
$169.81 M
|
$169.81 M
|
$156.97 M
|
$120.08 M
|
$125.19 M
|
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