
2020 Bulkers Ltd
OSE:2020

Income Statement
Earnings Waterfall
2020 Bulkers Ltd
Revenue
|
114.1m
USD
|
Cost of Revenue
|
-16.1m
USD
|
Gross Profit
|
98m
USD
|
Operating Expenses
|
-14.3m
USD
|
Operating Income
|
83.7m
USD
|
Other Expenses
|
-7.4m
USD
|
Net Income
|
76.3m
USD
|
Income Statement
2020 Bulkers Ltd
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 |
0
N/A
|
0
N/A
|
0
N/A
|
2
N/A
|
9
+314%
|
17
+86%
|
28
+64%
|
41
+49%
|
49
+19%
|
58
+19%
|
76
+30%
|
93
+23%
|
116
+25%
|
116
0%
|
111
-4%
|
97
-13%
|
77
-20%
|
73
-5%
|
67
-8%
|
65
-3%
|
73
+12%
|
101
+38%
|
123
+22%
|
126
+2%
|
114
-9%
|
|
Gross Profit | ||||||||||||||||||||||||||
Cost of Revenue |
0
|
0
|
0
|
(0)
|
(2)
|
(5)
|
(7)
|
(11)
|
(13)
|
(15)
|
(16)
|
(17)
|
(18)
|
(18)
|
(18)
|
(18)
|
(19)
|
(19)
|
(20)
|
(20)
|
(19)
|
(19)
|
(18)
|
(17)
|
(16)
|
|
Gross Profit |
0
N/A
|
0
N/A
|
0
N/A
|
2
N/A
|
7
+268%
|
12
+77%
|
20
+64%
|
30
+49%
|
36
+18%
|
43
+21%
|
59
+38%
|
76
+28%
|
98
+29%
|
98
-1%
|
93
-5%
|
78
-16%
|
59
-25%
|
54
-8%
|
47
-13%
|
45
-4%
|
54
+18%
|
82
+52%
|
105
+29%
|
109
+4%
|
98
-10%
|
|
Operating Income | ||||||||||||||||||||||||||
Operating Expenses |
(1)
|
(2)
|
(3)
|
(4)
|
(6)
|
(8)
|
(10)
|
(13)
|
(15)
|
(16)
|
(18)
|
(18)
|
(18)
|
(17)
|
(17)
|
(17)
|
(17)
|
(17)
|
(17)
|
(16)
|
(16)
|
(16)
|
(15)
|
(15)
|
(14)
|
|
Selling, General & Administrative |
(1)
|
(2)
|
(3)
|
(4)
|
(5)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(3)
|
(3)
|
(4)
|
(4)
|
(4)
|
(5)
|
(4)
|
(4)
|
(3)
|
(4)
|
(4)
|
(4)
|
(4)
|
|
Depreciation & Amortization |
0
|
0
|
(0)
|
(0)
|
(1)
|
(3)
|
(5)
|
(8)
|
(10)
|
(11)
|
(12)
|
(12)
|
(12)
|
(12)
|
(12)
|
(12)
|
(12)
|
(12)
|
(12)
|
(12)
|
(12)
|
(11)
|
(11)
|
(10)
|
(10)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(3)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
|
Operating Income |
(1)
N/A
|
(2)
-180%
|
(3)
-47%
|
(2)
+33%
|
1
N/A
|
5
+433%
|
11
+119%
|
17
+66%
|
21
+21%
|
27
+27%
|
42
+56%
|
58
+39%
|
80
+38%
|
80
0%
|
75
-6%
|
61
-19%
|
42
-32%
|
37
-11%
|
31
-17%
|
29
-5%
|
38
+30%
|
66
+75%
|
90
+36%
|
94
+5%
|
84
-11%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||
Interest Income Expense |
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(3)
|
(5)
|
(8)
|
(10)
|
(13)
|
(13)
|
(13)
|
(10)
|
(9)
|
(9)
|
(9)
|
(9)
|
(10)
|
(10)
|
(11)
|
(11)
|
(11)
|
(9)
|
(8)
|
(7)
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
3
|
3
|
3
|
(0)
|
0
|
(0)
|
(0)
|
(0)
|
0
|
0
|
1
|
1
|
0
|
0
|
0
|
0
|
|
Pre-Tax Income |
(1)
N/A
|
(2)
-172%
|
(3)
-47%
|
(2)
+33%
|
(0)
+86%
|
2
N/A
|
5
+227%
|
9
+82%
|
11
+25%
|
17
+50%
|
31
+89%
|
48
+54%
|
71
+47%
|
71
+0%
|
66
-7%
|
52
-22%
|
32
-38%
|
27
-16%
|
20
-24%
|
19
-9%
|
27
+46%
|
55
+103%
|
81
+47%
|
87
+8%
|
77
-12%
|
|
Net Income | ||||||||||||||||||||||||||
Tax Provision |
(0)
|
0
|
0
|
(0)
|
(0)
|
0
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(1)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
|
Income from Continuing Operations |
(1)
|
(2)
|
(3)
|
(2)
|
(0)
|
1
|
5
|
9
|
11
|
17
|
31
|
48
|
71
|
71
|
66
|
52
|
32
|
27
|
20
|
18
|
26
|
53
|
80
|
86
|
76
|
|
Net Income (Common) |
(1)
N/A
|
(2)
-171%
|
(3)
-45%
|
(2)
+32%
|
(0)
+81%
|
1
N/A
|
5
+283%
|
9
+87%
|
11
+29%
|
17
+50%
|
31
+89%
|
48
+54%
|
71
+47%
|
71
+0%
|
66
-7%
|
52
-22%
|
32
-38%
|
27
-16%
|
20
-27%
|
18
-11%
|
26
+46%
|
53
+108%
|
80
+49%
|
86
+8%
|
76
-11%
|
|
EPS (Diluted) |
-0.08
N/A
|
-0.16
-100%
|
-0.11
+31%
|
-0.09
+18%
|
-0.02
+78%
|
0.05
N/A
|
0.21
+320%
|
0.39
+86%
|
0.5
+28%
|
0.75
+50%
|
1.4
+87%
|
2.14
+53%
|
3.14
+47%
|
3.14
N/A
|
2.91
-7%
|
2.31
-21%
|
1.42
-39%
|
1.19
-16%
|
0.87
-27%
|
0.77
-11%
|
1.13
+47%
|
2.33
+106%
|
3.48
+49%
|
3.76
+8%
|
3.34
-11%
|