Frontline Ltd. (FRO)

Frontline 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	1,826	1,826	1,438	753.44	1,221	957.32
Revenue Growth (YoY)	62.30%	26.98%	90.89%	-38.30%	27.56%	28.97%
Cost of Revenue	795.13	795.13	780.71	556.94	545.72	560.96
Gross Profit	1,031	1,031	657.54	196.5	675.47	396.36
Selling, General & Admin	53.53	53.53	47.37	26.42	44.24	45.02
Other Operating Expenses	230.94	230.94	164.55	161.6	123.44	111.82
Operating Expenses	284.47	284.47	211.92	188.02	167.67	156.84
Operating Income	746.67	746.67	445.62	8.48	507.8	239.52
Interest Expense / Income	171.34	171.34	45.33	44.24	72.16	94.46
Other Expense / Income	-81.29	-81.29	-75.66	-25.44	22.77	4.78
Pretax Income	656.62	656.62	475.95	-10.33	412.86	140.28
Income Tax	0.21	0.21	0.41	4.63	-0.01	0.31
Net Income	656.41	656.41	475.54	-14.96	412.88	139.97
Net Income Growth	160.00%	38.04%	-	-	194.97%	-
Shares Outstanding (Basic)	223	223	204	198	197	170
Shares Change	9.38%	9.38%	2.95%	0.41%	15.94%	0.01%
EPS (Basic)	2.95	2.95	2.22	-0.08	2.11	0.81
EPS (Diluted)	2.95	2.95	2.22	-0.08	2.09	0.78
EPS Growth	152.14%	32.88%	-	-	167.95%	-
Free Cash Flow	-632.5	-632.5	129.52	-308.5	438.23	84.22
Free Cash Flow Per Share	-2.84	-2.84	0.64	-1.56	2.23	0.50
Dividend Per Share	2.870	2.870	0.150	-	1.600	0.100
Dividend Growth	1813.33%	1813.33%	-	-	1500.00%	-
Gross Margin	56.46%	56.46%	45.72%	26.08%	55.31%	41.40%
Operating Margin	40.88%	40.88%	30.98%	1.12%	41.58%	25.02%
Profit Margin	35.94%	35.94%	33.06%	-1.99%	33.81%	14.62%
Free Cash Flow Margin	-34.63%	-34.63%	9.01%	-40.95%	35.89%	8.80%
Effective Tax Rate	0.03%	0.03%	0.09%	-	-0.00%	0.22%
EBITDA	1,059	1,059	686.45	199.12	629.42	357.24
EBITDA Margin	57.98%	57.98%	47.73%	26.43%	51.54%	37.32%
Depreciation & Amortization	230.94	230.94	165.17	165.21	144.39	122.5
EBIT	827.96	827.96	521.28	33.92	485.02	234.74
EBIT Margin	45.34%	45.34%	36.24%	4.50%	39.72%	24.52%

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).