Golden Ocean Group Limited (GOGL)

Industrials | Marine Shipping
Income Statement (Quarterly) 2024-12-31 2024-09-30 2024-06-30 2024-03-31
Revenue 210,973,000 260,621,000 250,091,000 246,735,000
Cost of Revenue 135,849,000 165,683,000 159,080,000 155,031,000
Gross Profit 75,124,000 94,938,000 91,011,000 91,704,000
Operating Expenses
R&D Expenses 0 0 0 0
SG&A Expenses 6,482,000 5,282,000 5,109,000 7,430,000
Operating Expenses 25,950,000 1,080,000 5,109,000 7,430,000
Operating Income 49,174,000 93,858,000 85,902,000 84,274,000
Interest Expense 18,393,000 26,963,000 27,009,000 29,177,000
Income Before Tax 39,402,000 56,379,000 62,544,000 65,437,000
Income Tax Expense 398,000 50,000 50,000 50,000
Net Income 39,004,000 56,329,000 62,494,000 65,387,000
Per Share
EPS 0.20 0.28 0.31 0.33
EPS Diluted 0.00 0.00 0.00 0.00
Income Statement (Annual) 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenue 968,420,000 885,767,000 1,113,456,000 1,203,181,000 607,943,000
Cost of Revenue 509,576,000 675,884,000 691,766,000 675,017,000 563,894,000
Gross Profit 458,844,000 209,883,000 421,690,000 528,164,000 44,049,000
Operating Expenses
R&D Expenses 0 0 0 0 0
SG&A Expenses 24,303,000 18,679,000 20,375,000 18,149,000 13,722,000
Operating Expenses 144,503,000 18,679,000 20,788,000 20,157,000 10,757,000
Operating Income 314,341,000 188,612,000 435,087,000 513,608,000 -61,662,000
Interest Expense 101,542,000 103,664,000 56,248,000 36,734,000 44,674,000
Income Before Tax 223,762,000 112,809,000 462,226,000 527,607,000 -137,538,000
Income Tax Expense 548,000 541,000 379,000 389,000 131,000
Net Income 223,214,000 112,268,000 461,847,000 527,218,000 -137,669,000
Per Share
EPS 1.12 0.56 2.30 2.74 -0.96
EPS Diluted 0.00 0.00 0.00 0.00 0.00
Balance Sheet (Quarterly) 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Assets
Cash and Cash Equivalents 129,106,000 118,636,000 134,784,000 197,032,000
Short Term Investments 0 0 2,187,000 1,684,000
Net Receivables 101,380,000 45,460,000 94,033,000 100,681,000
Inventory 37,463,000 40,887,000 45,434,000 43,383,000
Total Current Assets 286,541,000 278,917,000 299,147,000 369,390,000
Property Plant Equipment 3,019,633,000 3,120,318,000 2,856,918,000 3,034,499,000
Goodwill and Intangibles 0 0 0 0
Total Assets 3,379,294,000 3,489,018,000 3,257,291,000 3,454,177,000
Liabilities
Account Payables 11,793,000 9,524,000 7,143,000 6,462,000
Short Term Debt 135,091,000 131,714,000 116,798,000 141,479,000
Total Current Liabilities 234,392,000 226,191,000 211,628,000 248,073,000
Long Term Debt 1,244,755,000 1,338,366,000 1,128,630,000 1,277,363,000
Total Liabilities 1,479,317,000 1,567,127,000 1,340,258,000 1,525,436,000
Shareholders Equity
Retained Earnings 320,849,000 339,976,000 328,878,000 160,055,000
Total Shareholders Equity 1,899,977,000 1,921,891,000 1,917,033,000 1,928,741,000
Balance Sheet (Annual) 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Assets
Cash and Cash Equivalents 129,106,000 118,636,000 134,784,000 197,032,000 153,093,000
Short Term Investments 0 0 2,187,000 1,684,000 3,684,000
Net Receivables 101,380,000 45,460,000 94,033,000 100,681,000 65,530,000
Inventory 37,463,000 40,887,000 45,434,000 43,383,000 25,165,000
Total Current Assets 286,541,000 278,917,000 299,147,000 369,390,000 284,529,000
Property Plant Equipment 3,019,633,000 3,120,318,000 2,856,918,000 3,034,499,000 2,403,905,000
Goodwill and Intangibles 0 0 0 0 0
Total Assets 3,379,294,000 3,489,018,000 3,257,291,000 3,454,177,000 2,721,067,000
Liabilities
Account Payables 11,793,000 9,524,000 7,143,000 6,462,000 18,402,000
Short Term Debt 135,091,000 131,714,000 116,798,000 141,479,000 128,089,000
Total Current Liabilities 234,392,000 226,191,000 211,628,000 248,073,000 241,675,000
Long Term Debt 1,244,755,000 1,338,366,000 1,128,630,000 1,277,363,000 1,110,636,000
Total Liabilities 1,479,317,000 1,567,127,000 1,340,258,000 1,525,436,000 1,352,311,000
Shareholders Equity
Retained Earnings 320,849,000 339,976,000 328,878,000 160,055,000 -366,722,000
Total Shareholders Equity 1,899,977,000 1,921,891,000 1,917,033,000 1,928,741,000 1,368,756,000
Cash Flow Statement (Quarterly) 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Activities
Net Income 223,214,000 112,268,000 461,847,000 527,218,000
Depreciation & Amortization 139,928,000 135,548,000 129,839,000 123,699,000
Stock Based Compensation 0 273,000 566,000 620,000
Change in Working Capital 12,530,000 3,136,000 12,589,000 -37,426,000
Operating Cash Flow 365,298,000 266,343,000 503,387,000 560,398,000
Investing Activities
Capital Expenditure -101,450,000 -477,543,000 -61,031,000 -444,999,000
Investments -101,450,000 -477,543,000 -61,031,000 -444,999,000
Investing Cash Flow -8,201,000 -381,777,000 72,816,000 -390,024,000
Financing Activities
Debt Repayment -91,030,000 -203,682,000 -446,276,000 -661,137,000
Common Stock Issued/Repurchased -5,737,000 -7,664,999 -2,445,000 352,225,000
Dividends Paid -239,913,000 -100,020,000 -471,676,000 -320,692,000
Financing Cash Flow -344,004,000 95,997,000 -648,147,000 -135,459,000
Summary
Free Cash Flow 263,848,000 -211,200,000 442,356,000 115,399,000
Net Change in Cash 13,093,000 -19,437,000 -71,944,000 34,915,000
Cash Flow Statement (Annual) 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Activities
Net Income 223,214,000 112,268,000 461,847,000 527,218,000 -137,669,000
Depreciation & Amortization 139,928,000 135,548,000 129,839,000 123,699,000 111,303,000
Stock Based Compensation 0 273,000 566,000 620,000 264,000
Change in Working Capital 12,530,000 3,136,000 12,589,000 -37,426,000 31,190,000
Operating Cash Flow 365,298,000 266,343,000 503,387,000 560,398,000 140,640,000
Investing Activities
Capital Expenditure -101,450,000 -477,543,000 -61,031,000 -444,999,000 -25,271,000
Investments -101,450,000 -477,543,000 -61,031,000 -444,999,000 -25,271,000
Investing Cash Flow -8,201,000 -381,777,000 72,816,000 -390,024,000 -19,151,000
Financing Activities
Debt Repayment -91,030,000 -203,682,000 -446,276,000 -661,137,000 -439,110,000
Common Stock Issued/Repurchased -5,737,000 -7,664,999 -2,445,000 352,225,000 0
Dividends Paid -239,913,000 -100,020,000 -471,676,000 -320,692,000 -7,164,000
Financing Cash Flow -344,004,000 95,997,000 -648,147,000 -135,459,000 -109,631,000
Summary
Free Cash Flow 263,848,000 -211,200,000 442,356,000 115,399,000 115,369,000
Net Change in Cash 13,093,000 -19,437,000 -71,944,000 34,915,000 11,858,000