Global Ship Lease, Inc. (GSL)

Global Ship Lease Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	705.53	666.72	604.49	402.52	282.27
Revenue Growth (YoY)	5.82%	10.29%	50.17%	42.60%	7.31%
Cost of Revenue	214.79	202.8	188.6	143.4	113.99
Gross Profit	490.74	463.91	415.89	259.12	168.29
Selling, General & Admin	17.13	18.22	18.53	13.24	8.35
Other Operating Expenses	-5.53	-8.08	-41.16	-45.43	-0.54
Operating Expenses	111.6	101.86	58.67	29.37	54.79
Operating Income	379.14	362.05	357.22	229.75	113.5
Interest Expense	-33.45	-23.21	-75.29	-63.46	-65.35
Interest & Investment Income	16.74	9.78	2.51	0.45	0.96
Other Non Operating Income (Expenses)	-1.57	-3.22	11.47	2.81	1.25
EBT Excluding Unusual Items	360.86	345.4	295.91	169.55	50.35
Gain (Loss) on Sale of Assets	-	-	-	7.77	-0.24
Asset Writedown	-	-18.83	-3.03	-	-8.5
Other Unusual Items	-7.23	-21.62	-	-5.76	-
Pretax Income	353.63	304.95	292.88	171.55	41.61
Income Tax Expense	0	0.45	-0.05	0.06	0.05
Net Income	353.63	304.5	292.93	171.5	41.56
Preferred Dividends & Other Adjustments	9.54	9.54	9.54	8.26	19.88
Net Income to Common	344.09	294.96	283.39	163.23	21.69
Net Income Growth	16.13%	3.95%	70.81%	312.62%	4.33%
Shares Outstanding (Basic)	35	35	37	35	18
Shares Outstanding (Diluted)	36	36	37	36	18
Shares Change (YoY)	-0.98%	-3.43%	4.78%	100.02%	49.09%
EPS (Basic)	9.74	8.33	7.74	4.65	1.23
EPS (Diluted)	9.67	8.21	7.62	4.60	1.22
EPS Growth	17.78%	7.74%	65.65%	277.05%	-17.57%
Free Cash Flow	187.65	222.54	318.25	-223.68	72.74
Free Cash Flow Per Share	5.27	6.19	8.55	-6.30	4.10
Dividend Per Share	1.725	1.500	1.500	1.000	-
Dividend Growth	15.00%	-	50.00%	-	-
Gross Margin	69.56%	69.58%	68.80%	64.37%	59.62%
Operating Margin	53.74%	54.30%	59.09%	57.08%	40.21%
Profit Margin	48.77%	44.24%	46.88%	40.55%	7.68%
Free Cash Flow Margin	26.60%	33.38%	52.65%	-55.57%	25.77%
EBITDA	449.32	426.41	384.29	236.88	154.12
EBITDA Margin	63.69%	63.96%	63.57%	58.85%	54.60%
D&A For EBITDA	70.18	64.36	27.07	7.13	40.62
EBIT	379.14	362.05	357.22	229.75	113.5
EBIT Margin	53.74%	54.30%	59.09%	57.08%	40.21%
Effective Tax Rate	0.00%	0.15%	-	0.03%	0.12%
Revenue as Reported	711.06	674.8	645.65	447.95	282.81

Updated Mar 18, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q