Golden Ocean Group Limited (GOGL)

Golden Ocean Group 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	935.99	885.77	1,113	1,203	607.94	705.8
Revenue Growth (YoY)	-10.41%	-20.45%	-7.46%	97.91%	-13.86%	7.58%
Cost of Revenue	517.65	540.34	561.93	551.32	452.59	496.01
Gross Profit	418.34	345.43	551.53	651.86	155.35	209.79
Selling, General & Admin	21.95	18.68	20.38	18.15	13.72	14.12
Other Operating Expenses	131.39	138.14	96.07	120.11	203.29	95.02
Operating Expenses	153.34	156.82	116.44	138.26	217.01	109.14
Operating Income	265	188.61	435.09	513.61	-61.66	100.66
Interest Expense / Income	110.83	103.66	56.25	39.91	47.48	59.55
Other Expense / Income	-32.87	-27.86	-83.39	-53.91	28.4	3.68
Pretax Income	187.04	112.81	462.23	527.61	-137.54	37.43
Income Tax	0.56	0.54	0.38	0.39	0.13	0.24
Net Income	186.48	112.27	461.85	527.22	-137.67	37.19
Net Income Growth	-43.09%	-75.69%	-12.40%	-	-	-56.01%
Shares Outstanding (Basic)	200	200	201	200	143	144
Shares Change	-0.43%	-0.63%	0.22%	39.89%	-0.69%	1.46%
EPS (Basic)	0.93	0.56	2.30	2.74	-0.96	0.26
EPS (Diluted)	0.93	0.56	2.29	2.73	-0.96	0.26
EPS Growth	-42.94%	-75.55%	-16.12%	-	-	-55.93%
Free Cash Flow	35	-116.37	569.91	169.41	115.37	114.31
Free Cash Flow Per Share	0.17	-0.58	2.84	0.84	0.81	0.79
Dividend Per Share	0.600	0.500	2.350	1.600	0.050	0.325
Dividend Growth	-63.64%	-78.72%	46.88%	3100.00%	-84.62%	-27.78%
Gross Margin	44.69%	39.00%	49.53%	54.18%	25.55%	29.72%
Operating Margin	28.31%	21.29%	39.08%	42.69%	-10.14%	14.26%
Profit Margin	19.92%	12.67%	41.48%	43.82%	-22.65%	5.27%
Free Cash Flow Margin	3.74%	-13.14%	51.18%	14.08%	18.98%	16.20%
Effective Tax Rate	0.30%	0.48%	0.08%	0.07%	-	0.63%
EBITDA	437	356.64	646.08	683.4	17.56	188.55
EBITDA Margin	46.69%	40.26%	58.02%	56.80%	2.89%	26.71%
Depreciation & Amortization	139.13	140.17	127.61	115.88	107.62	91.58
EBIT	297.87	216.47	518.47	567.52	-90.06	96.97
EBIT Margin	31.82%	24.44%	46.56%	47.17%	-14.81%	13.74%

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).