Ardmore Shipping Corporation (ASC)

Ardmore Shipping Income Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	384.05	395.98	445.74	192.48	220.06	230.04
Revenue Growth (YoY)	-23.28%	-11.16%	131.57%	-12.53%	-4.34%	9.45%
Cost of Revenue	205.16	211.25	228.74	156.34	145.17	158.6
Gross Profit	178.89	184.73	217	36.14	74.89	71.44
Selling, General & Admin	25.14	25.24	24.11	19.2	17.9	18.15
Other Operating Expenses	31.14	31.36	40.35	36.87	44.83	50.29
Operating Expenses	56.28	56.6	64.46	56.07	62.74	68.43
Operating Income	122.61	128.13	152.54	-19.93	12.15	3.01
Interest Expense / Income	11.07	11.41	15.54	16.2	18.17	26.76
Other Expense / Income	-0.88	-0.52	-1.66	0.56	-0.17	-0.95
Pretax Income	112.41	117.24	138.66	-36.68	-5.85	-22.8
Income Tax	0.46	0.44	0.21	0.15	0.2	0.06
Net Income	111.96	116.81	138.45	-36.83	-6.05	-22.86
Preferred Dividends	3.41	3.4	3.4	1.25	0	0
Net Income Common	108.55	113.41	135.05	-38.09	-6.05	-22.86
Net Income Growth	-41.69%	-16.03%	-	-	-	-
Shares Outstanding (Basic)	41	41	37	34	33	33
Shares Outstanding (Diluted)	42	42	38	34	33	33
Shares Change	0.57%	9.02%	13.21%	1.93%	0.44%	0.79%
EPS (Basic)	2.63	2.76	3.63	-1.12	-0.18	-0.69
EPS (Diluted)	2.60	2.71	3.52	-1.12	-0.18	-0.69
EPS Growth	-44.33%	-23.01%	-	-	-	-
Free Cash Flow	118.78	134.23	160.31	4.38	25.19	44.54
Free Cash Flow Per Share	2.87	3.26	4.30	0.13	0.76	1.35
Dividend Per Share	0.910	1.150	-	-	0.050	-
Dividend Growth	102.22%	-	-	-	-	-
Gross Margin	46.58%	46.65%	48.68%	18.78%	34.03%	31.05%
Operating Margin	31.92%	32.36%	34.22%	-10.35%	5.52%	1.31%
Profit Margin	28.26%	28.64%	30.30%	-19.79%	-2.75%	-9.94%
Free Cash Flow Margin	30.93%	33.90%	35.97%	2.27%	11.45%	19.36%
Effective Tax Rate	0.41%	0.37%	0.15%	-	-	-
EBITDA	154.62	160.01	187.64	16.39	50.71	41.08
EBITDA Margin	40.26%	40.41%	42.10%	8.52%	23.04%	17.86%
Depreciation & Amortization	31.14	31.36	33.44	36.87	38.39	37.13
EBIT	123.48	128.65	154.2	-20.48	12.32	3.96
EBIT Margin	32.15%	32.49%	34.59%	-10.64%	5.60%	1.72%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).