FRO
Income statement / Annual
Last year (2023), Frontline Ltd.'s total revenue was $1.79 B,
an increase of 24.95% 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 |
$1.79 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 |
$761.43 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 |
$511,000.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$286.37 M
|
| Selling, General &
Administrative Expenses |
$54.04 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 |
$206.86 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 |
$54.04 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
|
0.42
|
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
|
0.37
|
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 |
0.37 |
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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