NAT
Income statement / Annual
Last year (2023), Nordic American Tankers Limited's total revenue was $391.69 M,
an increase of 15.43% from the previous year.
In 2023, Nordic American Tankers Limited's net income was $98.71 M.
See Nordic American Tankers Limited’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 |
$391.69 M
|
$339.34 M
|
$195.76 M
|
$354.62 M
|
$317.22 M
|
$289.02 M
|
$297.14 M
|
$357.45 M
|
$445.74 M
|
$351.05 M
|
| Cost of Revenue |
$111.40 M |
$284.37 M |
$264.29 M |
$255.81 M |
$271.77 M |
$306.12 M |
$330.80 M |
$297.14 M |
$307.86 M |
$342.46 M |
| Gross Profit |
$280.29 M |
$54.97 M |
-$68.53 M |
$98.81 M |
$45.45 M |
-$17.10 M |
-$33.66 M |
$60.31 M |
$137.88 M |
$8.59 M |
| Gross Profit Ratio |
0.72 |
0.16 |
-0.35 |
0.28 |
0.14 |
-0.06 |
-0.11 |
0.17 |
0.31 |
0.02 |
| 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 |
$22.89 M
|
$18.80 M
|
$15.62 M
|
$17.59 M
|
$13.48 M
|
$12.73 M
|
$12.58 M
|
$12.30 M
|
$9.79 M
|
$10.79 M
|
| Selling & Marketing
Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Selling, General &
Administrative Expenses |
$22.89 M
|
$18.80 M
|
$15.62 M
|
$17.59 M
|
$13.48 M
|
$12.73 M
|
$12.58 M
|
$12.30 M
|
$9.79 M
|
$10.79 M
|
| Other Expenses |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$2.58 M |
| Operating Expenses |
$22.89 M |
$18.80 M |
$15.62 M |
$17.59 M |
$13.48 M |
$12.73 M |
$12.58 M |
$12.30 M |
$9.79 M |
$13.36 M |
| Cost And Expenses |
$263.80 M |
$303.16 M |
$279.91 M |
$273.39 M |
$285.25 M |
$318.85 M |
$343.37 M |
$309.44 M |
$317.65 M |
$355.82 M |
| Interest Income |
$1.30 M |
$3,000.00 |
$3,000.00 |
$96,000.00 |
$298,000.00 |
$334,000.00 |
$347,000.00 |
$215,000.00 |
$114,000.00 |
$181,000.00 |
| Interest Expense |
$30.50 M |
$27.06 M |
$26.38 M |
$31.48 M |
$38.39 M |
$29.75 M |
$20.46 M |
$8.81 M |
$10.86 M |
$12.24 M |
| Depreciation &
Amortization |
$51.40 M
|
$50.42 M
|
$68.35 M
|
$67.83 M
|
$63.97 M
|
$60.70 M
|
$100.67 M
|
$90.89 M
|
$82.61 M
|
$80.53 M
|
| EBITDA |
$180.73 M
|
$92.60 M
|
-$24.69 M
|
$149.25 M
|
$96.23 M
|
$22.41 M
|
-$74.67 M
|
$144.45 M
|
$210.82 M
|
$74.54 M
|
| EBITDA Ratio |
0.46 |
0.11 |
-0.43 |
0.23 |
0.09 |
0.04 |
-0.19 |
0.38 |
0.28 |
0.22 |
| Operating Income Ratio
|
0.33
|
0.12
|
-0.47
|
0.04
|
-0.11
|
-0.13
|
-0.16
|
0.15
|
0.29
|
-0.01
|
| Total Other
Income/Expenses Net |
-$29.06 M
|
-$26.74 M
|
-$26.87 M
|
-$31.13 M
|
-$42.25 M
|
-$48.94 M
|
-$29.28 M
|
-$5.73 M
|
-$10.91 M
|
-$8.34 M
|
| Income Before Tax |
$98.83 M |
$15.10 M |
-$119.42 M |
$50.03 M |
-$10.35 M |
-$87.56 M |
-$75.51 M |
$42.29 M |
$114.63 M |
-$14.43 M |
| Income Before Tax Ratio
|
0.25
|
0.04
|
-0.61
|
0.14
|
-0.03
|
-0.3
|
-0.25
|
0.12
|
0.26
|
-0.04
|
| Income Tax Expense |
$120,000.00 |
-$289,000.00 |
$59,000.00 |
$64,000.00 |
$71,000.00 |
$79,000.00 |
$83,000.00 |
$102,000.00 |
$96,000.00 |
$47,000.00 |
| Net Income |
$98.71 M |
$15.10 M |
-$119.48 M |
$50.03 M |
-$10.42 M |
-$95.31 M |
-$75.51 M |
-$4.46 M |
$114.63 M |
-$12.81 M |
| Net Income Ratio |
0.25 |
0.04 |
-0.61 |
0.14 |
-0.03 |
-0.33 |
-0.25 |
-0.01 |
0.26 |
-0.04 |
| EPS |
0.47 |
0.0748 |
-0.74 |
0.34 |
-0.0731 |
-0.67 |
-0.73 |
-0.05 |
1.29 |
-0.15 |
| EPS Diluted |
0.47 |
0.0748 |
-0.74 |
0.34 |
-0.0731 |
-0.67 |
-0.73 |
-0.0482 |
1.29 |
-0.15 |
| Weighted Average Shares
Out |
$208.80 M
|
$202.03 M
|
$162.55 M
|
$149.29 M
|
$142.57 M
|
$141.95 M
|
$103.83 M
|
$89.12 M
|
$89.18 M
|
$85.40 M
|
| Weighted Average Shares
Out Diluted |
$208.81 M
|
$202.03 M
|
$162.55 M
|
$149.29 M
|
$142.57 M
|
$141.97 M
|
$103.83 M
|
$92.53 M
|
$89.18 M
|
$85.40 M
|
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