
Ardmore Shipping Corp
NYSE:ASC

Income Statement
Earnings Waterfall
Ardmore Shipping Corp
Revenue
|
405.8m
USD
|
Cost of Revenue
|
-192.9m
USD
|
Gross Profit
|
212.9m
USD
|
Operating Expenses
|
-84.6m
USD
|
Operating Income
|
128.3m
USD
|
Other Expenses
|
320k
USD
|
Net Income
|
128.6m
USD
|
Income Statement
Ardmore Shipping Corp
Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
67
N/A
|
85
+26%
|
110
+30%
|
138
+26%
|
158
+14%
|
172
+9%
|
172
+0%
|
163
-5%
|
164
+1%
|
171
+4%
|
181
+6%
|
192
+6%
|
196
+2%
|
197
+1%
|
199
+1%
|
200
+0%
|
210
+5%
|
222
+6%
|
225
+1%
|
228
+1%
|
230
+1%
|
233
+1%
|
246
+6%
|
239
-3%
|
220
-8%
|
200
-9%
|
180
-10%
|
182
+1%
|
193
+6%
|
210
+9%
|
270
+28%
|
365
+35%
|
446
+22%
|
501
+12%
|
485
-3%
|
430
-11%
|
396
-8%
|
384
-3%
|
413
+8%
|
423
+2%
|
406
-4%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(36)
|
(46)
|
(59)
|
(67)
|
(77)
|
(82)
|
(82)
|
(86)
|
(94)
|
(107)
|
(121)
|
(131)
|
(136)
|
(138)
|
(145)
|
(151)
|
(165)
|
(172)
|
(170)
|
(168)
|
(159)
|
(154)
|
(151)
|
(146)
|
(144)
|
(139)
|
(140)
|
(145)
|
(149)
|
(158)
|
(180)
|
(200)
|
(214)
|
(222)
|
(211)
|
(197)
|
(192)
|
(186)
|
(190)
|
(193)
|
(193)
|
|
Gross Profit |
31
N/A
|
39
+26%
|
52
+32%
|
71
+38%
|
81
+15%
|
90
+10%
|
91
+1%
|
77
-14%
|
71
-8%
|
64
-10%
|
60
-6%
|
60
0%
|
60
+1%
|
59
-3%
|
54
-8%
|
48
-11%
|
45
-7%
|
50
+10%
|
54
+9%
|
60
+11%
|
71
+18%
|
79
+11%
|
95
+20%
|
93
-2%
|
76
-18%
|
61
-20%
|
40
-34%
|
36
-9%
|
43
+18%
|
52
+21%
|
90
+74%
|
165
+82%
|
232
+41%
|
279
+20%
|
274
-2%
|
233
-15%
|
204
-12%
|
198
-3%
|
224
+13%
|
229
+3%
|
213
-7%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(25)
|
(27)
|
(30)
|
(33)
|
(37)
|
(41)
|
(43)
|
(45)
|
(47)
|
(48)
|
(50)
|
(51)
|
(52)
|
(52)
|
(53)
|
(54)
|
(55)
|
(55)
|
(55)
|
(55)
|
(55)
|
(55)
|
(56)
|
(57)
|
(58)
|
(59)
|
(60)
|
(62)
|
(63)
|
(64)
|
(64)
|
(67)
|
(73)
|
(77)
|
(80)
|
(78)
|
(76)
|
(76)
|
(79)
|
(83)
|
(85)
|
|
Selling, General & Administrative |
(8)
|
(8)
|
(9)
|
(10)
|
(11)
|
(12)
|
(13)
|
(14)
|
(14)
|
(14)
|
(14)
|
(14)
|
(14)
|
(15)
|
(15)
|
(16)
|
(16)
|
(17)
|
(17)
|
(17)
|
(18)
|
(18)
|
(19)
|
(19)
|
(19)
|
(21)
|
(22)
|
(24)
|
(26)
|
(28)
|
(29)
|
(33)
|
(39)
|
(43)
|
(46)
|
(45)
|
(45)
|
(45)
|
(46)
|
(50)
|
(51)
|
|
Depreciation & Amortization |
(15)
|
(17)
|
(19)
|
(22)
|
(24)
|
(26)
|
(28)
|
(29)
|
(30)
|
(31)
|
(33)
|
(34)
|
(34)
|
(34)
|
(35)
|
(35)
|
(35)
|
(35)
|
(34)
|
(33)
|
(32)
|
(32)
|
(32)
|
(32)
|
(32)
|
(32)
|
(32)
|
(32)
|
(32)
|
(32)
|
(31)
|
(30)
|
(29)
|
(29)
|
(28)
|
(28)
|
(28)
|
(28)
|
(29)
|
(30)
|
(30)
|
|
Other Operating Expenses |
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(5)
|
(5)
|
(5)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(5)
|
(5)
|
(5)
|
(5)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(3)
|
(3)
|
(4)
|
(4)
|
|
Operating Income |
6
N/A
|
12
+107%
|
21
+78%
|
38
+76%
|
44
+18%
|
49
+10%
|
47
-3%
|
32
-32%
|
24
-25%
|
16
-35%
|
10
-34%
|
9
-14%
|
9
-4%
|
6
-26%
|
1
-92%
|
(6)
N/A
|
(10)
-55%
|
(6)
+40%
|
(1)
+90%
|
6
N/A
|
16
+179%
|
24
+48%
|
39
+64%
|
36
-8%
|
19
-49%
|
2
-89%
|
(20)
N/A
|
(26)
-26%
|
(20)
+22%
|
(12)
+40%
|
26
N/A
|
98
+274%
|
159
+63%
|
202
+26%
|
195
-3%
|
155
-20%
|
128
-17%
|
123
-4%
|
145
+18%
|
147
+1%
|
128
-13%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(4)
|
(5)
|
(6)
|
(9)
|
(12)
|
(15)
|
(16)
|
(16)
|
(18)
|
(18)
|
(20)
|
(21)
|
(21)
|
(22)
|
(22)
|
(23)
|
(25)
|
(26)
|
(26)
|
(26)
|
(25)
|
(24)
|
(22)
|
(20)
|
(18)
|
(16)
|
(16)
|
(16)
|
(16)
|
(16)
|
(17)
|
(14)
|
(12)
|
(11)
|
(9)
|
(10)
|
(10)
|
(9)
|
(8)
|
(7)
|
(4)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
1
|
(3)
|
(3)
|
0
|
(3)
|
0
|
0
|
0
|
0
|
0
|
(6)
|
(13)
|
(20)
|
(20)
|
(13)
|
(7)
|
0
|
0
|
(6)
|
0
|
0
|
0
|
0
|
(7)
|
(7)
|
0
|
(7)
|
0
|
0
|
0
|
0
|
0
|
12
|
12
|
12
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
0
|
(0)
|
0
|
(2)
|
(2)
|
(2)
|
0
|
(1)
|
0
|
0
|
0
|
0
|
(6)
|
(6)
|
(6)
|
0
|
0
|
0
|
(7)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Pre-Tax Income |
2
N/A
|
7
+324%
|
15
+108%
|
29
+90%
|
32
+12%
|
34
+5%
|
31
-7%
|
13
-59%
|
4
-71%
|
(5)
N/A
|
(13)
-140%
|
(12)
+2%
|
(12)
-1%
|
(15)
-23%
|
(22)
-44%
|
(30)
-35%
|
(43)
-45%
|
(47)
-9%
|
(48)
-3%
|
(42)
+14%
|
(23)
+45%
|
(7)
+69%
|
17
N/A
|
16
-5%
|
(6)
N/A
|
(21)
-257%
|
(43)
-105%
|
(48)
-13%
|
(36)
+24%
|
(35)
+4%
|
3
N/A
|
77
+2 654%
|
139
+80%
|
191
+37%
|
186
-2%
|
145
-22%
|
118
-18%
|
113
-4%
|
151
+33%
|
154
+2%
|
138
-10%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
|
Income from Continuing Operations |
2
|
7
|
15
|
29
|
32
|
34
|
31
|
13
|
4
|
(5)
|
(13)
|
(12)
|
(13)
|
(16)
|
(22)
|
(30)
|
(43)
|
(47)
|
(48)
|
(42)
|
(23)
|
(7)
|
16
|
15
|
(6)
|
(21)
|
(43)
|
(48)
|
(37)
|
(35)
|
3
|
77
|
139
|
190
|
185
|
145
|
118
|
113
|
150
|
153
|
138
|
|
Equity Earnings Affiliates |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(5)
|
|
Net Income (Common) |
2
N/A
|
7
+324%
|
15
+108%
|
29
+90%
|
32
+12%
|
34
+5%
|
31
-7%
|
13
-59%
|
4
-71%
|
(5)
N/A
|
(13)
-142%
|
(12)
+2%
|
(13)
-1%
|
(16)
-24%
|
(22)
-43%
|
(30)
-34%
|
(43)
-44%
|
(47)
-10%
|
(48)
-3%
|
(42)
+13%
|
(23)
+45%
|
(7)
+69%
|
16
N/A
|
15
-6%
|
(6)
N/A
|
(21)
-250%
|
(43)
-104%
|
(49)
-14%
|
(38)
+22%
|
(38)
+2%
|
(1)
+99%
|
73
N/A
|
135
+84%
|
186
+38%
|
181
-3%
|
140
-22%
|
113
-19%
|
109
-4%
|
147
+35%
|
150
+2%
|
129
-14%
|
|
EPS (Diluted) |
0.05
N/A
|
0.27
+440%
|
0.57
+111%
|
1.09
+91%
|
1.23
+13%
|
1.29
+5%
|
1.14
-12%
|
0.38
-67%
|
0.12
-68%
|
-0.15
N/A
|
-0.37
-147%
|
-0.37
N/A
|
-0.37
N/A
|
-0.48
-30%
|
-0.68
-42%
|
-0.91
-34%
|
-1.31
-44%
|
-1.42
-8%
|
-1.46
-3%
|
-1.26
+14%
|
-0.69
+45%
|
-0.21
+70%
|
0.5
N/A
|
0.47
-6%
|
-0.18
N/A
|
-0.64
-256%
|
-1.29
-102%
|
-1.42
-10%
|
-1.12
+21%
|
-1.09
+3%
|
-0.01
+99%
|
1.82
N/A
|
3.52
+93%
|
4.46
+27%
|
4.34
-3%
|
3.34
-23%
|
2.71
-19%
|
2.6
-4%
|
3.5
+35%
|
3.53
+1%
|
3.06
-13%
|