Golden Ocean Group Limited (OSL: GOGL)

Golden Ocean Group Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	1,005	881.49	1,112	1,202	605.8	704.13
Other Revenue	6.18	4.27	0.85	-0.6	5.11	0.5
Revenue	1,012	885.77	1,113	1,201	610.91	704.63
Revenue Growth (YoY)	14.81%	-20.42%	-7.34%	96.62%	-13.30%	6.91%
Cost of Revenue	501.49	540.34	561.93	551.32	452.59	496.01
Gross Profit	510.16	345.43	551.12	649.86	158.32	208.62
Selling, General & Admin	22.73	18.68	20.38	18.15	13.72	14.12
Operating Expenses	164.99	154.23	150.21	141.85	125.03	107.97
Operating Income	345.18	191.2	400.9	508.01	33.29	100.66
Interest Expense	-101.03	-92.88	-16.1	-28.46	-72.38	-70.5
Interest & Investment Income	6.43	4.72	2.35	0.48	1.19	4.43
Earnings From Equity Investments	-2.98	12.32	40.79	24.48	-3.71	0.51
Other Non Operating Income (Expenses)	-16.71	-0.24	-0.4	19.49	6.62	0.5
EBT Excluding Unusual Items	230.89	115.11	427.54	524.01	-34.98	35.6
Gain (Loss) on Sale of Investments	0.29	0.29	0.5	-2	-7.61	1.83
Gain (Loss) on Sale of Assets	11.11	9.19	34.19	9.79	-	-
Asset Writedown	-	-11.78	-	-4.19	-94.95	-
Pretax Income	242.28	112.81	462.23	527.61	-137.54	37.43
Income Tax Expense	0.6	0.54	0.38	0.39	0.13	0.24
Earnings From Continuing Operations	241.68	112.27	461.85	527.22	-137.67	37.19
Net Income	241.68	112.27	461.85	527.22	-137.67	37.19
Net Income to Common	241.68	112.27	461.85	527.22	-137.67	37.19
Net Income Growth	96.48%	-75.69%	-12.40%	-	-	-56.01%
Shares Outstanding (Basic)	198	200	201	192	143	144
Shares Outstanding (Diluted)	198	200	201	193	143	144
Shares Change (YoY)	-2.02%	-0.35%	4.26%	34.68%	-0.22%	-0.58%
EPS (Basic)	1.22	0.56	2.30	2.74	-0.96	0.26
EPS (Diluted)	1.22	0.56	2.29	2.73	-0.96	0.26
EPS Growth	102.13%	-75.55%	-16.12%	-	-	-55.82%
Free Cash Flow	305.38	-211.21	442.36	115.4	115.37	114.31
Free Cash Flow Per Share	1.54	-1.05	2.20	0.60	0.81	0.80
Dividend Per Share	1.200	0.600	1.650	2.500	-	0.325
Dividend Growth	140.00%	-63.64%	-34.00%	-	-	-18.75%
Gross Margin	50.43%	39.00%	49.51%	54.10%	25.91%	29.61%
Operating Margin	34.12%	21.59%	36.02%	42.29%	5.45%	14.28%
Profit Margin	23.89%	12.67%	41.49%	43.89%	-22.54%	5.28%
Free Cash Flow Margin	30.19%	-23.84%	39.74%	9.61%	18.88%	16.22%
EBITDA	485.73	325.33	530.74	633.57	156.74	214.05
EBITDA Margin	48.01%	36.73%	47.68%	52.75%	25.66%	30.38%
D&A For EBITDA	140.56	134.13	129.84	125.56	123.45	113.39
EBIT	345.18	191.2	400.9	508.01	33.29	100.66
EBIT Margin	34.12%	21.59%	36.02%	42.29%	5.45%	14.28%
Effective Tax Rate	0.25%	0.48%	0.08%	0.07%	-	0.63%
Revenue as Reported	885.77	885.77	1,113	1,203	607.94	-

Source: S&P Capital IQ. Standard template. Financial Sources.