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Golden Ocean Group Ltd (VLCCF) Add to portfolio


Recent News + Filings   (All items)

Financial Summary   (All financials)
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
Revenues484.0406.3346.2375.8656.1460.0257.8190.2
            Revenue growth19.1%17.4%-7.9%-42.7%42.6%78.4%35.5%96.7%
Cost of goods sold-663.2-804.6-264.7-328.9-3.3-3.6-0.310.8
Gross profit1,147.21,211.0610.9704.6659.3463.6258.1179.5
            Gross margin237.0%298.0%176.5%187.5%100.5%100.8%100.1%94.3%
General and administrative20.418.113.714.114.712.612.712.5
EBIT469.3527.6-60.9100.7146.450.8-69.0-93.1
            EBIT margin96.9%129.8%-17.6%26.8%22.3%11.0%-26.8%-48.9%
Pre-tax income462.2527.6-137.537.484.8-2.3-127.7-220.8
Income taxes0.40.40.10.20.20.10.2-0.2
            Tax rate0.1%0.1% 0.6%0.3%  0.1%
Net income461.8527.2-137.737.284.5-2.3-127.7-220.8
            Net margin95.4%129.8%-39.8%9.9%12.9%-0.5%-49.5%-116.1%
 
Diluted EPS$2.30$2.73($0.96)$0.26$0.59($0.02)($1.34)($7.30)
Shares outstanding (diluted)201.2193.0143.3143.6144.4125.095.230.3
 
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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