KNOT Offshore Partners LP (KNOP)

KNOT Offshore Partners LP 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	297.71	285.93	267.49	269.31	278.58	282.5
Other Revenue	2.08	1.94	0.34	0.37	0.64	0.06
Revenue	299.79	287.88	267.83	269.68	279.22	282.56
Revenue Growth (YoY)	4.75%	7.49%	-0.69%	-3.42%	-1.18%	1.27%
Cost of Revenue	111.25	98.89	88.85	72.11	61.01	60.13
Gross Profit	188.54	188.99	178.98	197.57	218.22	222.43
Selling, General & Admin	6.11	6.14	6.1	6.46	5.39	4.86
Operating Expenses	117.1	117.04	113.52	106.02	95.14	94.7
Operating Income	71.45	71.95	65.46	91.55	123.08	127.73
Interest Expense	-63.52	-66.62	-6.59	-58.63	-56.97	-67.59
Interest & Investment Income	3.57	3.47	0.82	0	0.13	0.87
Currency Exchange Gain (Loss)	-0.39	-0.24	0.22	-0.1	0.06	-0.25
Other Non Operating Income (Expenses)	-8.78	-0.67	-1.13	39.51	-1.06	-1.79
EBT Excluding Unusual Items	2.33	7.89	58.78	72.34	65.24	58.97
Asset Writedown	-16.38	-49.65	-	-29.42	-	-
Pretax Income	-12.77	-38.92	59.54	54.36	65.24	58.97
Income Tax Expense	1.7	-4.6	0.88	0.49	0.01	0.01
Net Income	-14.47	-34.33	58.67	53.88	65.23	58.96
Preferred Dividends & Other Adjustments	6.8	6.8	6.8	6.9	7.2	7.2
Net Income to Common	-21.27	-41.13	51.87	46.98	58.03	51.76
Net Income Growth	-	-	8.89%	-17.40%	10.63%	-28.25%
Shares Outstanding (Basic)	35	35	35	34	33	33
Shares Outstanding (Diluted)	35	39	39	38	33	33
Shares Change (YoY)	-0.00%	0.89%	2.89%	13.73%	-	-9.94%
EPS (Basic)	-0.61	-1.18	1.48	1.39	1.74	1.55
EPS (Diluted)	-0.61	-1.18	1.33	1.24	1.74	1.55
EPS Growth	-	-	7.32%	-28.81%	12.11%	-23.34%
Free Cash Flow	129.33	128.86	97.63	154.88	168.9	165.69
Free Cash Flow Per Share	3.70	3.28	2.51	4.09	5.07	4.97
Dividend Per Share	0.104	0.104	1.586	2.080	2.080	2.080
Dividend Growth	-93.75%	-93.44%	-23.75%	0%	0%	0%
Gross Margin	62.89%	65.65%	66.83%	73.26%	78.15%	78.72%
Operating Margin	23.83%	24.99%	24.44%	33.95%	44.08%	45.20%
Profit Margin	-7.09%	-14.29%	19.37%	17.42%	20.78%	18.32%
Free Cash Flow Margin	43.14%	44.76%	36.45%	57.43%	60.49%	58.64%
EBITDA	170.96	170.96	162.83	190.19	211.91	216.66
EBITDA Margin	57.03%	59.39%	60.80%	70.53%	75.89%	76.68%
D&A For EBITDA	99.51	99.02	97.37	98.65	88.83	88.93
EBIT	71.45	71.95	65.46	91.55	123.08	127.73
EBIT Margin	23.83%	24.99%	24.44%	33.95%	44.08%	45.20%
Effective Tax Rate	-	-	1.47%	0.90%	0.02%	0.02%
Revenue as Reported	300.37	290.72	268.59	281.13	279.22	282.56

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