International Seaways, Inc. - Understand $insw stock

$INSW Market Cap: $1.876 Billion

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Financial Snapshot

Revenue

$1.008B

TTM

Gross Margin

68.89%

TTM

Net Earnings

$512.9M

TTM

Current Assets

$372.3M

Q3 2024

Current Liabilities

$103.3M

Q3 2024

Current Ratio

360.41%

Q3 2024

Total Assets

$2.588B

Q3 2024

Total Liabilities

$713.2M

Q3 2024

Book Value

$1.875B

Q3 2024

Cash

$103.3M

Q3 2024

P/E

3.658

Nov 29, 2024 EST

Free Cash Flow

$348.2M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
Revenue	$1.072B	$864.7M	$272.5M	$421.6M	$366.2M	$270.4M	$290.1M	$398.3M	$497.6M	$517.0M	$585.4M
YoY Change	23.95%	217.25%	-35.36%	15.15%	35.44%	-6.8%	-27.17%	-19.95%	-3.75%	-11.68%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
Revenue	$1.072B	$864.7M	$272.5M	$421.6M	$366.2M	$270.4M	$290.1M	$398.3M	$497.6M	$517.0M	$585.4M
Cost Of Revenue	$308.8M	$273.7M	$214.2M	$166.3M	$180.9M	$207.2M	$198.0M	$192.6M	$202.6M	$364.8M	$474.5M
Gross Profit	$762.9M	$591.0M	$58.38M	$255.4M	$185.3M	$63.20M	$92.10M	$205.7M	$295.1M	$152.3M	$110.8M
Gross Profit Margin	71.19%	68.35%	21.42%	60.57%	50.6%	23.38%	31.75%	51.64%	59.3%	29.46%	18.93%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
Selling, General & Admin	$53.85M	$56.46M	$42.76M	$40.90M	$52.90M	$24.30M	$24.70M	$30.40M	$41.60M	$56.00M	$69.80M
YoY Change	-4.63%	32.03%	4.56%	-22.68%	117.7%	-1.62%	-18.75%	-26.92%	-25.71%	-19.77%
% of Gross Profit	7.06%	9.55%	73.25%	16.01%	28.55%	38.45%	26.82%	14.78%	14.1%	36.77%	63.0%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$129.0M	$110.4M	$86.67M	$74.34M	$75.65M	$72.43M	$78.85M	$79.89M	$81.70M	$84.90M	$108.7M
YoY Change	16.89%	27.36%	16.59%	-1.73%	4.45%	-8.15%	-1.29%	-2.22%	-3.77%	-21.9%
% of Gross Profit	16.91%	18.68%	148.48%	29.11%	40.83%	114.6%	85.62%	38.84%	27.69%	55.75%	98.1%
Operating Expenses	$182.9M	$166.8M	$129.4M	$115.2M	$129.8M	$96.70M	$103.6M	$110.2M	$123.2M	$140.9M	$178.6M
YoY Change	9.61%	28.92%	12.34%	-11.25%	34.23%	-6.66%	-5.99%	-10.55%	-12.56%	-21.11%
Operating Profit	$615.4M	$442.7M	-$112.1M	$39.88M	$55.17M	-$54.53M	-$107.9M	$7.207M	$171.9M	$11.40M	-$67.80M
YoY Change	39.03%	-494.74%	-381.19%	-27.71%	-201.17%	-49.48%	-1597.78%	-95.81%	1407.89%	-116.81%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
Interest Expense	$65.76M	$57.72M	$36.80M	$36.71M	$66.27M	$60.23M	$41.25M	$40.36M	$2.600M	-$18.40M	$36.70M
YoY Change	13.93%	56.87%	0.23%	-44.6%	10.02%	46.03%	2.19%	1452.38%	-114.13%	-150.14%
% of Operating Profit	10.69%	13.04%		92.06%	120.12%			560.04%	1.51%	-161.4%
Other Income/Expense, Net	$10.65M	$2.332M	-$5.947M	-$12.82M	-$943.0K	-$3.715M	-$5.818M	-$1.346M	$100.0K	$0.00	$400.0K
YoY Change	356.78%	-139.21%	-53.6%	1259.17%	-74.62%	-36.15%	332.24%	-1446.0%		-100.0%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
Pretax Income	$560.3M	$388.0M	-$133.0M	-$5.530M	-$829.0K	-$89.05M	-$106.0M	-$17.65M	$173.3M	-$118.4M	-$719.6M
YoY Change	44.42%	-391.62%	2305.82%	567.07%	-99.07%	-16.03%	500.75%	-110.19%	-246.37%	-83.55%
Income Tax	$3.878M	$88.00K	$1.618M	$1.000K	$1.000K	-$105.0K	$44.00K	$440.0K	$100.0K	$700.0K	$4.200M
% Of Pretax Income	0.69%	0.02%							0.06%
Net Earnings	$556.4M	$387.9M	-$133.5M	-$5.531M	-$830.0K	-$88.94M	-$106.1M	-$18.22M	$173.2M	-$119.1M	-$723.8M
YoY Change	43.45%	-390.57%	2313.52%	566.39%	-99.07%	-16.16%	482.17%	-110.52%	-245.42%	-83.55%
Net Earnings / Revenue	51.92%	44.86%	-48.98%	-1.31%	-0.23%	-32.9%	-36.57%	-4.57%	34.81%	-23.04%	-123.64%
Basic Earnings Per Share	$11.35	$7.85	-$3.48	-$0.20	-$0.03
Diluted Earnings Per Share	$11.25	$7.77	-$3.48	-$0.20	-$0.03	-$3.055M	-$3.634M	-$623.3K	$5.932M	-$4.079M	-$24.79M

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Cash & Short-Term Investments	$186.8M	$323.7M	$97.88M	$199.4M	$89.70M	$58.30M	$60.00M	$92.00M	$308.9M	$178.2M
YoY Change	-42.31%	230.75%	-50.91%	122.3%	53.86%	-2.83%	-34.78%	-70.22%	73.34%
Cash & Equivalents	$126.8M	$243.7M	$97.88M	$199.4M	$89.70M	$58.30M	$60.00M	$92.00M	$308.9M	$178.2M
Short-Term Investments	$60.00M	$80.00M
Other Short-Term Assets	$15.42M	$15.98M	$11.76M	$6.000M	$6.000M	$6.400M	$5.900M	$5.400M	$5.100M	$6.200M
YoY Change	-3.5%	35.91%	95.98%	0.0%	-6.25%	8.47%	9.26%	5.88%	-17.74%
Inventory	$1.329M	$531.0K	$2.110M	$3.600M	$3.900M	$3.100M	$3.300M	$1.300M	$3.400M	$6.400M
Prepaid Expenses
Receivables	$247.2M	$289.8M	$107.1M	$43.40M	$83.80M	$94.60M	$58.20M	$66.90M	$75.00M	$88.30M
Other Receivables	$14.30M	$12.58M	$5.651M	$4.400M	$4.000M	$5.300M	$4.400M	$5.300M	$4.400M	$6.100M
Total Short-Term Assets	$465.0M	$642.6M	$224.5M	$256.8M	$187.3M	$167.6M	$131.8M	$170.9M	$396.7M	$285.2M
YoY Change	-27.64%	186.24%	-12.58%	37.11%	11.75%	27.16%	-22.88%	-56.92%	39.1%
Property, Plant & Equipment	$2.017B	$1.922B	$1.931B	$1.166B	$1.349B	$1.348B	$1.135B	$1.131B	$1.278B	$1.346B
YoY Change	4.94%	-0.45%	65.6%	-13.58%	0.13%	18.7%	0.42%	-11.5%	-5.08%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$31.75M	$36.41M	$180.3M	$144.1M	$153.3M	$269.0M	$378.9M	$358.7M	$344.9M	$331.4M
YoY Change	-12.81%	-79.81%	25.14%	-6.0%	-43.01%	-29.01%	5.63%	4.0%	4.07%
Other Assets	$7.724M	$13.88M	$10.05M	$19.50M	$63.50M	$64.40M	$18.50M	$2.300M	$10.80M	$72.70M
YoY Change	-44.36%	38.18%	-48.48%	-69.29%	-1.4%	248.11%	704.35%	-78.7%	-85.14%
Total Long-Term Assets	$2.057B	$1.973B	$2.122B	$1.330B	$1.566B	$1.681B	$1.533B	$1.492B	$1.633B	$1.750B
YoY Change	4.26%	-7.05%	59.61%	-15.1%	-6.83%	9.68%	2.76%	-8.68%	-6.67%
Total Assets	$2.522B	$2.615B	$2.347B	$1.587B	$1.754B	$1.849B	$1.665B	$1.663B	$2.030B	$2.035B
YoY Change
Accounts Payable	$6.570M	$1.826M	$1.607M	$2.600M	$5.000M	$1.200M	$300.0K	$2.900M	$3.400M	$2.500M
YoY Change	259.8%	13.63%	-38.19%	-48.0%	316.67%	300.0%	-89.66%	-14.71%	36.0%
Accrued Expenses	$47.35M	$43.69M	$44.30M	$32.00M	$31.90M	$16.00M	$16.70M	$23.40M	$21.60M	$14.00M
YoY Change	8.38%	-1.38%	38.44%	0.31%	99.38%	-4.19%	-28.63%	8.33%	54.29%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$127.4M	$204.7M	$178.7M	$61.50M	$70.40M	$51.60M	$24.10M	$6.200M	$6.300M	$6.300M
YoY Change	-37.75%	14.55%	190.59%	-12.64%	36.43%	114.11%	288.71%	-1.59%	0.0%
Total Short-Term Liabilities	$195.6M	$257.4M	$234.6M	$108.9M	$114.5M	$75.30M	$47.20M	$45.10M	$48.40M	$37.20M
YoY Change	-24.02%	9.71%	115.44%	-4.89%	52.06%	59.53%	4.66%	-6.82%	30.11%
Long-Term Debt	$595.2M	$860.6M	$926.3M	$474.3M	$590.7M	$759.1M	$528.9M	$433.5M	$588.9M	$595.1M
YoY Change	-30.83%	-7.09%	95.29%	-19.71%	-22.18%	43.52%	22.01%	-26.39%	-1.04%
Other Long-Term Liabilities	$14.26M	$9.615M	$15.57M	$31.30M	$26.00M	$4.400M	$2.700M	$4.400M	$8.800M	$11.90M
YoY Change	48.3%	-38.23%	-50.27%	20.38%	490.91%	62.96%	-38.64%	-50.0%	-26.05%
Total Long-Term Liabilities	$609.5M	$870.2M	$941.8M	$505.6M	$616.7M	$763.5M	$531.6M	$437.9M	$597.7M	$607.0M
YoY Change	-29.96%	-7.61%	86.28%	-18.02%	-19.23%	43.62%	21.4%	-26.74%	-1.53%
Total Liabilities	$805.1M	$1.128B	$1.177B	$614.5M	$731.2M	$838.7M	$578.8M	$483.0M	$646.2M	$644.2M
YoY Change	-28.6%	-4.2%	91.54%	-15.96%	-12.82%	44.9%	19.83%	-25.26%	0.31%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Basic Shares Outstanding	48.98M	49.38M	38.41M	28.37M	29.23M	29.14M	29.16M	29.16M
Diluted Shares Outstanding	49.43M	49.84M	38.41M	28.37M	29.23M	29.14M	29.16M	29.16M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $1.8762 Billion

About International Seaways, Inc.

International Seaways, Inc. engages in the transportation of crude oil and petroleum products. The company is headquartered in New York City, New York and currently employs 2,698 full-time employees. The company went IPO on 2016-11-16. The firm operates through two segments: Crude Tankers and Product Carriers. The Crude Tankers segment is made up of a fleet of VLCCs, Suezmaxes, and Aframaxes engaged in the worldwide transportation of crude oil. This segment also includes its Crude Tankers Lightering business through which it provides ship-to-ship (STS) lightering support services and full-service STS lightering to customers in the United States Gulf (USG), United States Pacific, Grand Bahama, and Panama regions. The Product Carriers segment consists of a fleet of MRs, LR1 product carriers, and an LR2 product carrier engaged in the worldwide transportation of refined petroleum products. The company owns and operates a fleet of about 82 vessels, including 13 VLCCs, 13 Suezmaxes, five Aframaxes/LR2s, 13 LR1s (including six new buildings), and 38 MR tankers.

Industry: Water Transportation Peers: Delek Logistics Partners, LP ENTERPRISE PRODUCTS PARTNERS L.P. Excelerate Energy, Inc. GENESIS ENERGY LP GLOBAL PARTNERS LP HOLLY ENERGY PARTNERS LP NuStar Energy L.P. PLAINS GP HOLDINGS LP PBF Logistics LP RATTLER MIDSTREAM LP