← International Seaways, Inc.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income From Continuing Operations — — — — — — $387.9m $556.4m $416.7m $309.3m
Net Income (Loss) Attributable to Parent ($18.2m) ($106.1m) ($88.9m) ($830k) ($5.5m) ($133.5m) $387.9m $556.4m $416.7m $309.3m
Net Income (Loss) Available to Common Stockholders, Basic — ($106.1m) ($88.9m) ($830k) ($5.5m) ($134.7m) $387.9m $556.0m $416.5m $309.1m
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest — — — ($830k) ($5.5m) ($134.7m) $387.9m $556.4m $416.7m $309.3m
Net Income (Loss) Attributable to Noncontrolling Interest — — — — — ($1.2m) — — — —
Depreciation, Depletion and Amortization $79.9m $78.9m $72.4m $75.7m $74.3m $86.7m $110.4m $129.0m $149.4m $163.6m
Amortization of Debt Issuance Costs $6.4m $5.1m $3.9m $4.8m $2.8m $2.2m $4.9m $4.7m $3.3m $4.3m
Amortization of Debt Issuance Costs and Discounts $6.6m $6.4m $6.2m $6.9m $2.9m $2.3m $5.2m $5.6m $4.1m $4.3m
Amortization of Intangible Assets — — — — — $2.4m $842k — — —
Depreciation Amortization Depletion — — — — — — $110.4m $129.0m $149.4m $163.6m
Deferred Income Tax Expense (Benefit) — — — — $0 $10k ($9k) $0 $0 $0
Share-based Payment Arrangement, Noncash Expense $2.8m $3.8m $3.2m $4.3m $5.6m $10.5m $6.7m $8.5m $9.0m $8.7m
Payment, Tax Withholding, Share-based Payment Arrangement — $349k $410k $369k $1.5m $1.1m $6.1m $5.8m $7.1m $6.1m
Equity Method Investment, Other than Temporary Impairment — $30.5m $30.5m $30.5m — — — — — —
Gain (Loss) on Sale of Assets and Asset Impairment Charges ($79.2m) ($86.9m) ($19.7m) ($308k) ($100.1m) $9.8m $19.6m — — —
Asset Impairment Charge — — — — — — $1.7m $0 $8.7m $0
Gain (Loss) on Extinguishment of Debt — — $1.3m ($1.1m) ($1.2m) ($4.5m) — ($1.3m) — ($315k)
Equity Method Investment, Realized Gain (Loss) on Disposal — — — $3.0m — — ($9.5m) — — —
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property $39k $1.6m ($643k) ($308k) $2.9m $13.2m $21.3m $35.9m $41.4m $42.5m
Gain (Loss) on Disposition of Assets — — — — — — — $35.9m $32.7m $42.5m
Income (Loss) from Equity Method Investments $16.8m $49.0m $29.4m $11.2m $4.1m $21.8m $714k — — —
Income Tax Expense (Benefit) $440k $44k ($105k) $1k $1k $1.6m $88k $3.9m ($1.1m) ($411k)
Interest Expense Nonoperating — — — — — — — — $49.7m $42.7m
Other Nonoperating Income (Expense) ($966k) ($5.8m) — ($943k) ($12.8m) ($5.9m) $2.3m $10.7m $10.1m $6.2m
Earnings (Loss)es From Equity Investments — — — — — ($21.8m) ($10.3m) $20k ($241k) —
Income (Loss) from Equity Method Investments, Net of Dividends or Distributions $17.8m $49.4m $29.2m $30.3m $4.0m $21.8m $10.3m ($20k) $241k —
Additional Financial Items
General and Administrative Expense $31.6m $24.5m $24.3m $26.8m $29.0m $33.3m $46.4m $47.5m $52.6m $50.2m
Insured Event, Gain (Loss) — — $1.8m — — — — — — —
Investment Income, Interest — $676k $1.3m $2.8m $558k $104k $3.7m $14.0m $9.9m $7.6m
Noncash Merger Related Costs — — — — — $31.1m — — — —
Nonoperating Income (Expense) — ($5.8m) ($3.7m) — — — — — — —
Payments for Repurchase of Warrants — $3.2m — — — — — — — —
Proceeds from Contributions from Affiliates — $21.2m — — — — — — — —
Beginning Cash Position — — — — — — $98.9m $243.7m $126.8m $157.5m
Cash Flow From Continuing Financing Activities — — — — — — ($185.8m) ($681.1m) ($361.4m) ($279.3m)
Cash Flow From Continuing Investing Activities — — — — — — $42.8m ($124.3m) ($155.0m) ($141.3m)
Change In Account Payable — — — — — — $13.1m $8.7m ($942k) $10.5m
Change In Other Working Capital — — — — — — $2.6m $3.3m $1.6m ($1.9m)
Change In Payable — — — — — — $13.1m $8.7m ($942k) $10.5m
Change In Payables And Accrued Expense — — — — — — $13.1m $8.7m ($942k) $10.5m
Change In Receivables — — — — — — ($182.7m) $42.6m $61.6m $7.6m
Change In Working Capital — — — — — — ($167.0m) $54.6m $62.3m $16.3m
Changes In Cash — — — — — — $144.8m ($117.0m) $30.7m ($40.6m)
End Cash Position — — — — — — $243.7m $126.8m $157.5m $116.9m
Financing Cash Flow — — — — — — ($185.8m) ($681.1m) ($361.4m) ($279.3m)
Free Cash Flow — — — — — — $171.1m $481.8m $262.0m $38.1m
Gain Loss On Sale Of Business — — — — — $0 $9.5m $0 $0 —
Gain Loss On Sale Of PPE — — — — — — ($21.3m) ($35.9m) ($41.4m) ($42.5m)
Investing Cash Flow — — — — — — $42.8m ($124.3m) ($155.0m) ($141.3m)
Net Business Purchase And Sale — — — — — $54.0m $139.0m $0 $0 —
Net PPE Purchase And Sale — — — — — — $99.2m $66.0m $66.9m $251.3m
Operating Gains Losses — — — — — — ($22.1m) ($34.6m) ($41.4m) ($42.2m)
Other Non Cash Items — — — — — — ($32.9m) ($25.6m) ($57.7m) ($75.5m)
Purchase Of PPE $2.0m $173.5m $148.9m — — — $0 $0 ($5.0m) $2.9m
Repurchase Of Capital Stock — — — — — — ($20.0m) ($13.9m) ($25.0m) $0
Sale Of Business — — — — — $54.0m $139.0m $0 $0 —
Sale Of PPE — — — — — — $99.2m $66.0m $71.9m $251.3m
Stock Based Compensation — — — — — — $6.7m $8.5m $9.0m $8.7m
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement ($640k) — ($1.4m) — — — — — — —
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax $16.2m — — — — — — — — —
Net Cash Provided by (Used in) Operating Activities $116.8m ($3.8m) ($12.5m) $87.5m $216.1m ($76.2m) $287.8m $688.4m $547.1m $380.1m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $2.0m $173.5m $148.9m — — — ($116.7m) ($206.6m) ($285.2m) ($341.9m)
Capital Expenditure Reported — — — — — — ($116.7m) ($206.6m) ($280.2m) ($341.9m)
Net Investment Purchase And Sale — — — — — — ($78.6m) $16.4m $58.3m ($50.6m)
Purchase Of Investment — — — — — — ($105.0m) ($238.6m) ($126.7m) ($50.6m)
Sale Of Investment — — — — — — $26.4m $255.0m $185.0m $0
Net Cash Provided by (Used in) Investing Activities $23.6m ($136.8m) $123.7m $107.9m $32.4m $133.3m $42.8m ($124.3m) ($155.0m) ($141.3m)
Cash flows from financing activities:
Proceeds from Issuance of Long-term Debt — $614.9m $70.1m — — — $640.1m — — —
Issuance Of Debt — — — — — — $749.1m $219.7m $120.0m $411.5m
Long Term Debt Issuance — — — — — — $749.1m $219.7m $120.0m $411.5m
Net Issuance Payments Of Debt — — — — — — ($88.9m) ($348.3m) ($39.1m) ($116.6m)
Net Long Term Debt Issuance — — — — — — ($88.9m) ($348.3m) ($39.1m) ($116.6m)
Net Short Term Debt Issuance — — — — — $0 $0 $0 $50.0m —
Short Term Debt Issuance — — — — — $0 $0 $50.0m $120.0m —
Repayments of Long-term Debt — — — $49.9m $82.0m $164.3m $798.7m $382.1m $39.9m —
Long Term Debt Payments — — — — — — ($838.0m) ($568.0m) ($159.1m) ($528.1m)
Repayment Of Debt — — — — — — ($838.0m) ($568.0m) ($159.1m) ($528.1m)
Short Term Debt Payments — — — — — $0 $0 ($50.0m) ($70.0m) —
Net Common Stock Issuance — — — — — — ($20.0m) ($13.9m) ($25.0m) $0
Payments for Repurchase of Common Stock — — — — $30.0m $16.7m $20.0m $13.9m $25.0m —
Common Stock Payments — — — — — — ($20.0m) ($13.9m) ($25.0m) $0
Dividends paid — — — — $6.8m $40.9m $69.8m $308.2m $284.4m $144.6m
Cash Dividends Paid — — — — — — ($69.8m) ($308.2m) ($284.4m) ($144.6m)
Common Stock Dividend Paid — — — — — — ($69.8m) ($308.2m) ($284.4m) ($144.6m)
Dividend Received CFO — — — — — $9.8m $3.1m $0 $0 —
Proceeds from (Payments for) Other Financing Activities — — ($222k) ($289k) ($163k) — — — — —
Net Other Financing Charges — — — — — — ($7.0m) ($10.7m) ($12.8m) ($18.1m)
Net Cash Provided by (Used in) Financing Activities — — ($64.2m) ($162.8m) ($183.1m) ($173.8m) ($185.8m) ($681.1m) ($361.4m) ($279.3m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — ($21.4m) $47.0m $32.6m $65.4m ($116.7m) $144.8m ($117.0m) $30.7m ($40.6m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $92.0m $70.6m $117.6m $150.2m $215.7m $98.9m $243.7m $126.8m $157.5m $116.9m
Change In Cash Supplemental As Reported — — — — — — $144.8m ($117.0m) $30.7m ($40.6m)

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.