Costamare Inc. (CMRE)

Costamare 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	2,008	1,502	1,114	793.64	460.32	478.11
Other Revenue	21.99	8.92	-	-	-	-
Revenue	2,030	1,511	1,114	793.64	460.32	478.11
Revenue Growth (YoY)	58.37%	35.69%	40.35%	72.41%	-3.72%	25.69%
Cost of Revenue	1,341	908.65	347.2	214.81	140	135.62
Gross Profit	689.28	602.76	766.66	578.83	320.32	342.49
Selling, General & Admin	88.25	80.47	66.26	46.44	32.63	30.75
Operating Expenses	252.56	246.81	232.26	183.4	141.33	144.21
Operating Income	436.73	355.95	534.39	395.43	178.99	198.28
Interest Expense	-151.55	-148.04	-117.64	-78.7	-69.18	-91.05
Interest & Investment Income	33.1	32.45	5.96	3.42	1.83	3.35
Earnings From Equity Investments	0.09	0.76	2.3	12.86	16.2	11.37
Currency Exchange Gain (Loss)	4.83	2.58	3.21	0.03	-0.3	-0.03
Other Non Operating Income (Expenses)	59.08	20.9	-1.89	-8.6	-1.47	1.42
EBT Excluding Unusual Items	382.29	264.6	426.32	324.44	126.06	123.34
Gain (Loss) on Sale of Investments	-	-	-	60.16	-	-
Gain (Loss) on Sale of Assets	0.07	109.92	126.34	45.89	-86.79	-22.08
Asset Writedown	-0.21	-0.43	-1.69	-	-31.58	-3.04
Other Unusual Items	6.94	6.94	3.73	4.62	1.18	0.78
Pretax Income	389.09	381.02	554.69	435.12	8.88	99
Earnings From Continuing Operations	389.09	381.02	554.69	435.12	8.88	99
Minority Interest in Earnings	0.21	4.73	0.26	-	-	-
Net Income	389.3	385.75	554.96	435.12	8.88	99
Preferred Dividends & Other Adjustments	31.78	31.07	31.07	31.07	30.46	31.27
Net Income to Common	357.52	354.68	523.89	404.05	-21.59	67.73
Net Income Growth	-18.19%	-30.49%	27.54%	4801.67%	-91.03%	47.23%
Shares Outstanding (Basic)	119	120	123	123	121	116
Shares Outstanding (Diluted)	119	120	123	123	121	116
Shares Change (YoY)	-2.01%	-2.17%	-0.09%	1.97%	4.28%	4.85%
EPS (Basic)	3.01	2.95	4.26	3.28	-0.18	0.59
EPS (Diluted)	3.01	2.95	4.26	3.28	-0.18	0.59
EPS Growth	-17.97%	-30.80%	29.77%	-	-	75.84%
Free Cash Flow	309.12	49.04	519.7	-525.6	172.37	188.42
Free Cash Flow Per Share	2.60	0.41	4.23	-4.27	1.43	1.63
Dividend Per Share	0.460	0.460	0.460	0.445	0.400	0.400
Dividend Growth	0%	0%	3.37%	11.25%	0%	0%
Gross Margin	33.95%	39.88%	68.83%	72.93%	69.59%	71.63%
Operating Margin	21.51%	23.55%	47.98%	49.82%	38.88%	41.47%
Profit Margin	17.61%	23.47%	47.03%	50.91%	-4.69%	14.17%
Free Cash Flow Margin	15.22%	3.24%	46.66%	-66.23%	37.45%	39.41%
EBITDA	600.53	522.03	700.53	531.9	287.82	311.87
EBITDA Margin	29.58%	34.54%	62.89%	67.02%	62.53%	65.23%
D&A For EBITDA	163.8	166.08	166.13	136.47	108.83	113.59
EBIT	436.73	355.95	534.39	395.43	178.99	198.28
EBIT Margin	21.51%	23.55%	47.98%	49.82%	38.88%	41.47%
Revenue as Reported	2,030	1,511	1,114	793.64	-	-

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