Nordic American Tankers Limited (NAT)

Nordic American Tankers 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	391.69	391.69	339.34	191.08	354.62	317.22
Revenue Growth (YoY)	15.43%	15.43%	77.60%	-46.12%	11.79%	9.76%
Cost of Revenue	240.91	240.91	284.37	264.29	255.81	271.77
Gross Profit	150.78	150.78	54.97	-73.22	98.81	45.45
Selling, General & Admin	22.89	22.89	18.8	15.62	17.59	13.48
Other Operating Expenses	0	0	-5.69	60.31	0	0
Operating Expenses	22.89	22.89	13.11	75.93	17.59	13.48
Operating Income	127.89	127.89	41.87	-149.15	81.23	31.97
Interest Expense / Income	30.5	30.5	27.06	26.38	31.48	38.39
Other Expense / Income	-1.44	-1.44	-0.31	-4.26	-0.35	3.86
Pretax Income	98.83	98.83	15.12	-171.27	50.1	-10.28
Income Tax	0.12	0.12	0.02	0.06	0.06	0.07
Net Income	98.71	98.71	15.1	-171.33	50.03	-10.35
Net Income Growth	553.67%	553.67%	-	-	-	-
Shares Outstanding (Basic)	209	209	202	163	149	143
Shares Outstanding (Diluted)	209	209	202	163	149	143
Shares Change	3.36%	3.36%	24.29%	8.88%	4.71%	0.42%
EPS (Basic)	0.47	0.47	0.07	-1.05	0.34	-0.07
EPS (Diluted)	0.47	0.47	0.07	-1.05	0.34	-0.07
EPS Growth	571.43%	571.43%	-	-	-	-
Free Cash Flow	65.78	65.78	9.79	-47.92	92.87	50.33
Free Cash Flow Per Share	0.32	0.32	0.05	-0.29	0.62	0.35
Dividend Per Share	0.490	0.490	0.110	0.060	0.450	0.100
Dividend Growth	345.45%	345.45%	83.33%	-86.67%	350.00%	-37.50%
Gross Margin	38.50%	38.50%	16.20%	-38.32%	27.86%	14.33%
Operating Margin	32.65%	32.65%	12.34%	-78.06%	22.91%	10.08%
Profit Margin	25.20%	25.20%	4.45%	-89.67%	14.11%	-3.26%
Free Cash Flow Margin	16.79%	16.79%	2.89%	-25.08%	26.19%	15.87%
Effective Tax Rate	0.12%	0.12%	0.15%	-	0.13%	-
EBITDA	180.73	180.73	92.6	-76.54	149.41	92.07
EBITDA Margin	46.14%	46.14%	27.29%	-40.06%	42.13%	29.03%
Depreciation & Amortization	51.4	51.4	50.42	68.35	67.83	63.97
EBIT	129.33	129.33	42.18	-144.89	81.58	28.11
EBIT Margin	33.02%	33.02%	12.43%	-75.83%	23.00%	8.86%

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).