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Frontline plc (FRO)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15Dec-31-14
   20-F20-F20-F20-F20-F20-F20-F20-F
Total revenues   [+]640.3428.4628.5742.3646.3754.3458.9241.8
            Revenue growth  49.5%-31.8%-15.3%14.8%-14.3%64.4%89.8%80.6%
Cost of goods sold  -114.9-822.7-332.3-10.2-2.42.7-108.9-69.0
Gross profit  755.31,251.1960.7752.5648.7751.6567.9310.8
            Gross margin  118.0%292.0%152.9%101.4%100.4%99.6%123.7%128.5%
Selling, general and administrative   [+]27.944.245.037.337.637.010.64.9
Equity in earnings  -0.7-4.41.70.2  2.716.1
Other operating expenses  567.4560.3558.4509.9643.2475.4270.1185.2
EBITDA   [+]159.3642.1359.1205.5109.7380.2342.6152.6
            EBITDA margin  24.9%149.9%57.1%27.7%17.0%50.4%74.6%63.1%
Depreciation and amortization  147.8138.8117.9122.6141.7141.052.631.8
EBIT   [+]11.5503.4241.283.0-32.1239.2289.9120.7
            EBIT margin  1.8%117.5%38.4%11.2%-5.0%31.7%63.2%49.9%
Non-recurring items   [+]    164.261.7  
Interest expense, net   [+]61.371.593.092.469.256.317.67.3
Other income (expense), net   [+]34.0-18.9-8.60.80.9-4.0-17.124.0
Pre-tax income  -15.8413.0139.7-8.7-264.6117.2255.2137.4
Income taxes  -4.60.0-0.3-0.3-0.3-0.3-0.20.0
            Tax rate  29.4%0.0% 3.6%0.1%  0.0%
Minority interest   0.10.00.50.50.5-30.263.2
Earnings from continuing ops  -11.1412.9140.0-8.9-264.9117.0541.0211.6
Earnings from discontinued ops        -131.0-51.2
Net income  -11.1412.9140.0-8.9-264.9117.0410.0160.5
            Net margin  -1.7%96.4%22.3%-1.2%-41.0%15.5%89.3%66.4%
   
Basic EPS   [+]($0.06)$2.11$0.81($0.05)($1.56)$0.75$4.51$1.69
Diluted EPS   [+]($0.06)$2.09$0.78($0.05)($1.56)$0.75$4.51$1.69
   
Dividends per share   [+] $1.60$0.10$0.00$0.30$1.05$0.25$4.46
   
Shares outstanding (basic)   [+]199.0195.6173.6169.8169.8157.0120.1125.2
Shares outstanding (diluted)   [+]199.0197.8179.3169.8169.8157.0120.1125.2
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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