International Seaways Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	412.57	157.51	126.76	243.74	97.88	199.39
Short-Term Investments	-	-	60	80	-	-
Trading Asset Securities	1	2.53	6.04	7.53	-	-
Cash & Short-Term Investments	413.57	160.04	192.8	331.28	97.88	199.39
Cash Growth	166.14%	-16.99%	-41.80%	238.44%	-50.91%	122.36%
Accounts Receivable	155.02	185.52	247.17	289.78	107.1	43.36
Other Receivables	13.41	13.32	13.34	12.04	5.65	4.48
Receivables	168.42	198.84	260.51	301.81	112.75	47.84
Inventory	0.58	1.88	1.33	0.53	2.11	3.6
Prepaid Expenses	9.4	10.57	10.34	9	11.76	6
Other Current Assets	-	5	-	-	-	-
Total Current Assets	591.97	376.32	464.98	642.62	224.5	256.83
Property, Plant & Equipment	2,134	2,199	2,017	1,922	1,931	1,166
Long-Term Investments	0.04	0.8	1.15	4.66	181.63	144.05
Long-Term Deferred Charges	9.3	11.2	4.5	6.9	3.7	0.8
Other Long-Term Assets	53.83	49.4	33.82	38.73	5.89	18.72
Total Assets	2,790	2,636	2,522	2,615	2,347	1,587
Accounts Payable	49.61	5.83	6.57	1.83	1.61	2.61
Accrued Expenses	-	42.75	37.13	42.09	35.91	23.91
Current Portion of Long-Term Debt	23.51	50.05	127.45	162.85	181.25	68.58
Current Portion of Leases	264.6	14.62	10.22	43.47	8.39	8.87
Current Income Taxes Payable	-	-	-	-	0.05	-
Current Unearned Revenue	-	7.83	6.24	2.96	0.35	3.06
Other Current Liabilities	-	9.85	7.96	4.19	7.04	1.87
Total Current Liabilities	337.71	130.94	195.57	257.39	234.61	108.9
Long-Term Debt	261.03	94.53	3.57	346.81	483.07	494.54
Long-Term Leases	254.71	552.54	603.3	521.51	456.48	10.25
Pension & Post-Retirement Benefits	-	0.04	0.17	-	-	-
Other Long-Term Liabilities	2.35	2.31	2.46	1.88	2.29	0.81
Total Liabilities	855.79	780.35	805.06	1,128	1,176	614.5
Common Stock	1,505	1,505	1,491	1,502	1,591	1,281
Retained Earnings	438.77	359.14	226.83	-21.45	-409.34	-275.85
Comprehensive Income & Other	-10.44	-7.86	-1.06	6.96	-12.36	-32.61
Total Common Equity	1,934	1,856	1,717	1,488	1,170	972.04
Minority Interest	-	-	-	-	0.58	-
Shareholders' Equity	1,934	1,856	1,717	1,488	1,170	972.04
Total Liabilities & Equity	2,790	2,636	2,522	2,615	2,347	1,587
Total Debt	803.84	711.74	744.53	1,075	1,129	582.24
Net Cash (Debt)	-390.27	-551.7	-551.73	-743.36	-1,031	-382.85
Net Cash Per Share	-7.87	-11.11	-11.16	-14.91	-26.85	-13.49
Filing Date Shares Outstanding	49.39	49.19	48.93	49.12	49.6	28.01
Total Common Shares Outstanding	49.37	49.19	48.93	49.12	49.61	28.01
Working Capital	254.26	245.39	269.41	385.23	-10.11	147.94
Book Value Per Share	39.17	37.73	35.09	30.29	23.58	34.70
Tangible Book Value	1,934	1,856	1,717	1,488	1,170	972.04
Tangible Book Value Per Share	39.17	37.73	35.09	30.29	23.58	34.70
Machinery	-	2,507	2,333	2,004	2,045	1,288
Construction In Progress	75.43	37.02	11.67	123.94	49.29	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.