
Nordic American Tanker Ltd
NYSE:NAT

Income Statement
Earnings Waterfall
Nordic American Tanker Ltd
Revenue
|
225.1m
USD
|
Cost of Revenue
|
-62.8m
USD
|
Gross Profit
|
162.3m
USD
|
Operating Expenses
|
-85m
USD
|
Operating Income
|
77.3m
USD
|
Other Expenses
|
-30.7m
USD
|
Net Income
|
46.6m
USD
|
Income Statement
Nordic American Tanker Ltd
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 |
351
N/A
|
376
+7%
|
427
+14%
|
452
+6%
|
446
-1%
|
453
+2%
|
441
-3%
|
508
+15%
|
358
-30%
|
424
+19%
|
402
-5%
|
398
-1%
|
297
-25%
|
272
-9%
|
260
-4%
|
152
-41%
|
124
-19%
|
183
+47%
|
222
+21%
|
266
+20%
|
317
+19%
|
361
+14%
|
418
+16%
|
406
-3%
|
355
-13%
|
270
-24%
|
135
-50%
|
89
-34%
|
191
+115%
|
159
-17%
|
206
+30%
|
244
+19%
|
339
+39%
|
411
+21%
|
444
+8%
|
445
+0%
|
392
-12%
|
365
-7%
|
363
0%
|
367
+1%
|
225
-39%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(262)
|
(263)
|
(265)
|
(264)
|
(159)
|
(227)
|
(229)
|
(323)
|
(126)
|
(298)
|
(301)
|
(320)
|
(230)
|
(230)
|
(232)
|
(121)
|
(80)
|
(109)
|
(137)
|
(171)
|
(208)
|
(220)
|
(213)
|
(198)
|
(188)
|
(171)
|
(115)
|
(96)
|
(196)
|
(167)
|
(195)
|
(193)
|
(234)
|
(231)
|
(230)
|
(230)
|
(190)
|
(191)
|
(192)
|
(193)
|
(63)
|
|
Gross Profit |
89
N/A
|
113
+26%
|
162
+44%
|
188
+16%
|
287
+53%
|
226
-21%
|
212
-6%
|
185
-13%
|
232
+25%
|
126
-46%
|
100
-20%
|
78
-22%
|
67
-14%
|
42
-38%
|
28
-33%
|
32
+14%
|
44
+38%
|
74
+69%
|
85
+15%
|
95
+12%
|
109
+15%
|
141
+29%
|
204
+45%
|
208
+2%
|
167
-20%
|
100
-40%
|
21
-79%
|
(7)
N/A
|
(5)
+30%
|
(8)
-71%
|
11
N/A
|
51
+384%
|
105
+105%
|
180
+70%
|
214
+19%
|
214
+0%
|
202
-6%
|
174
-14%
|
172
-1%
|
174
+2%
|
162
-7%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(94)
|
(93)
|
(93)
|
(91)
|
(159)
|
(95)
|
(97)
|
(102)
|
(183)
|
(101)
|
(103)
|
(106)
|
(113)
|
(104)
|
(94)
|
(84)
|
(73)
|
(74)
|
(76)
|
(76)
|
(77)
|
(80)
|
(81)
|
(83)
|
(85)
|
(85)
|
(85)
|
(85)
|
(79)
|
(77)
|
(72)
|
(67)
|
(69)
|
(69)
|
(71)
|
(73)
|
(74)
|
(78)
|
(80)
|
(81)
|
(85)
|
|
Selling, General & Administrative |
(15)
|
(13)
|
(13)
|
(11)
|
(10)
|
(11)
|
(12)
|
(14)
|
(12)
|
(12)
|
(11)
|
(11)
|
(13)
|
(13)
|
(14)
|
(15)
|
(13)
|
(13)
|
(14)
|
(13)
|
(14)
|
(14)
|
(15)
|
(16)
|
(18)
|
(17)
|
(16)
|
(16)
|
(16)
|
(18)
|
(18)
|
(18)
|
(19)
|
(19)
|
(20)
|
(22)
|
(23)
|
(25)
|
(26)
|
(26)
|
(29)
|
|
Depreciation & Amortization |
(81)
|
(81)
|
(82)
|
(82)
|
(83)
|
(84)
|
(85)
|
(88)
|
(91)
|
(94)
|
(98)
|
(101)
|
(101)
|
(91)
|
(80)
|
(70)
|
(61)
|
(62)
|
(63)
|
(63)
|
(64)
|
(65)
|
(66)
|
(67)
|
(68)
|
(68)
|
(69)
|
(69)
|
(68)
|
(64)
|
(59)
|
(54)
|
(50)
|
(50)
|
(50)
|
(51)
|
(51)
|
(53)
|
(54)
|
(56)
|
(56)
|
|
Other Operating Expenses |
2
|
0
|
0
|
0
|
(67)
|
0
|
0
|
0
|
(80)
|
5
|
6
|
6
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
5
|
5
|
5
|
5
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
(5)
N/A
|
20
N/A
|
69
+247%
|
97
+40%
|
128
+32%
|
131
+2%
|
115
-12%
|
83
-27%
|
48
-42%
|
25
-48%
|
(3)
N/A
|
(28)
-823%
|
(46)
-67%
|
(62)
-35%
|
(66)
-5%
|
(53)
+20%
|
(30)
+43%
|
(0)
+99%
|
8
N/A
|
19
+129%
|
32
+67%
|
61
+92%
|
124
+102%
|
125
+1%
|
81
-35%
|
15
-81%
|
(64)
N/A
|
(92)
-44%
|
(84)
+9%
|
(86)
-2%
|
(62)
+28%
|
(16)
+74%
|
36
N/A
|
110
+205%
|
143
+29%
|
141
-1%
|
128
-9%
|
96
-25%
|
91
-5%
|
93
+2%
|
77
-17%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(9)
|
(8)
|
(8)
|
(7)
|
(11)
|
(12)
|
(12)
|
(19)
|
(11)
|
(23)
|
(26)
|
(24)
|
(19)
|
(27)
|
(30)
|
(31)
|
(34)
|
(38)
|
(40)
|
(40)
|
(38)
|
(36)
|
(35)
|
(33)
|
(31)
|
(30)
|
(28)
|
(26)
|
(26)
|
(26)
|
(25)
|
(26)
|
(27)
|
(29)
|
(31)
|
(31)
|
(29)
|
(30)
|
(30)
|
(30)
|
(30)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
5
|
0
|
0
|
0
|
(130)
|
(130)
|
(133)
|
(135)
|
(9)
|
(9)
|
(5)
|
(3)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(8)
|
(60)
|
(62)
|
(62)
|
(52)
|
6
|
7
|
7
|
6
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
(1)
|
(2)
|
(5)
|
(8)
|
(0)
|
0
|
(2)
|
3
|
(0)
|
8
|
10
|
6
|
(1)
|
(1)
|
(1)
|
(14)
|
(15)
|
(16)
|
(17)
|
(5)
|
(4)
|
(2)
|
(2)
|
(0)
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(0)
|
(0)
|
0
|
1
|
1
|
1
|
0
|
0
|
(0)
|
0
|
(1)
|
|
Pre-Tax Income |
(15)
N/A
|
9
N/A
|
57
+521%
|
82
+45%
|
117
+43%
|
119
+1%
|
101
-15%
|
67
-33%
|
42
-37%
|
10
-77%
|
(19)
N/A
|
(46)
-138%
|
(197)
-327%
|
(220)
-12%
|
(230)
-5%
|
(233)
-1%
|
(88)
+62%
|
(64)
+27%
|
(53)
+17%
|
(29)
+44%
|
(10)
+65%
|
24
N/A
|
88
+272%
|
92
+4%
|
50
-45%
|
(14)
N/A
|
(92)
-541%
|
(127)
-38%
|
(171)
-35%
|
(173)
-1%
|
(149)
+14%
|
(94)
+37%
|
15
N/A
|
89
+489%
|
120
+35%
|
117
-2%
|
99
-16%
|
67
-32%
|
62
-8%
|
63
+2%
|
47
-26%
|
|
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
|
0
|
(0)
|
0
|
0
|
0
|
0
|
|
Income from Continuing Operations |
(15)
|
9
|
56
|
82
|
117
|
119
|
101
|
67
|
42
|
10
|
(19)
|
(46)
|
(197)
|
(220)
|
(230)
|
(233)
|
(88)
|
(64)
|
(53)
|
(29)
|
(10)
|
24
|
88
|
91
|
50
|
(15)
|
(92)
|
(127)
|
(171)
|
(173)
|
(149)
|
(94)
|
15
|
89
|
120
|
117
|
99
|
67
|
62
|
63
|
47
|
|
Equity Earnings Affiliates |
2
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
(47)
|
0
|
0
|
0
|
(8)
|
(1)
|
(2)
|
(4)
|
(8)
|
(7)
|
(5)
|
(4)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Net Income (Common) |
(13)
N/A
|
11
N/A
|
58
+447%
|
83
+44%
|
115
+38%
|
116
+1%
|
98
-15%
|
65
-34%
|
(5)
N/A
|
(37)
-727%
|
(66)
-78%
|
(93)
-40%
|
(205)
-121%
|
(221)
-8%
|
(233)
-5%
|
(236)
-2%
|
(95)
+60%
|
(70)
+26%
|
(58)
+17%
|
(34)
+42%
|
(10)
+69%
|
24
N/A
|
88
+273%
|
91
+4%
|
50
-45%
|
(15)
N/A
|
(92)
-537%
|
(127)
-38%
|
(171)
-35%
|
(173)
-1%
|
(149)
+14%
|
(94)
+37%
|
15
N/A
|
89
+489%
|
120
+35%
|
117
-2%
|
99
-16%
|
67
-32%
|
62
-8%
|
63
+2%
|
47
-26%
|
|
EPS (Diluted) |
-0.14
N/A
|
0.12
N/A
|
0.66
+450%
|
0.94
+42%
|
1.29
+37%
|
1.31
+2%
|
1.11
-15%
|
0.68
-39%
|
-0.05
N/A
|
-0.36
-620%
|
-0.65
-81%
|
-0.91
-40%
|
-1.97
-116%
|
-1.55
+21%
|
-1.63
-5%
|
-1.66
-2%
|
-0.67
+60%
|
-0.49
+27%
|
-0.41
+16%
|
-0.24
+41%
|
-0.07
+71%
|
0.15
N/A
|
0.59
+293%
|
0.62
+5%
|
0.34
-45%
|
-0.09
N/A
|
-0.53
-489%
|
-0.79
-49%
|
-1.05
-33%
|
-0.9
+14%
|
-0.68
+24%
|
-0.45
+34%
|
0.07
N/A
|
0.43
+514%
|
0.57
+33%
|
0.56
-2%
|
0.47
-16%
|
0.32
-32%
|
0.3
-6%
|
0.3
N/A
|
0.22
-27%
|