← NORDIC AMERICAN TANKERS Ltd

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Total Revenue $357.5m $297.1m $289.0m $317.2m $354.6m $191.1m $339.3m $391.7m $349.7m $291.7m
Cost of Revenue $291.8m $133.6m $165.0m $141.8m $121.1m $128.3m $170.5m $129.5m $124.6m $109.9m
Gross Profit (Calculated) (derived) $65.6m $163.5m $124.0m $175.4m $233.5m $62.8m $168.8m $262.2m $225.1m $181.8m
Operating expenses:
Operating Costs and Expenses $80.3m $87.7m $80.4m $66.0m $66.9m $67.7m $63.4m $60.0m $62.8m $66.9m
Vessel Operating Expenses ($80.3m) ($87.7m) ($80.4m) ($66.0m) ($66.9m) ($67.7m) ($63.4m) ($60.0m) ($62.8m) ($66.9m)
Operating Income (Loss) $53.3m ($175.7m) ($38.6m) $32.0m $81.2m ($144.5m) $41.9m $127.9m $77.3m $46.3m
Additional Financial Items
Gain (Loss) on Investments ($46.6m) ($8.4m) — — — — — — — —
Gain (Loss) Related to Litigation Settlement — $0 $0 — — — — — — —
Goodwill, Impairment Loss — $19.0m $0 $0 — — — — — —
Income (Loss) from Equity Method Investments $0 — ($7.7m) $0 $0 $4.7m $0 $0 $0 $730k
Other Income $0 — ($7.7m) $0 $0 $4.7m $0 $0 $0 $730k
Voyage Revenues $357.5m $297.1m $289.0m $317.2m $354.6m $191.1m $339.3m $391.7m $349.7m $291.7m
Gain on Disposal of Vessels — — — — $0 $0 $6.0m $0 $0 $16.6m
Interest Income $215k $347k $334k $298k $96k $3k $0 $1.3m $731k $1.6m
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $42.3m ($196.5m) ($87.6m) ($10.3m) $50.1m ($171.3m) $15.1m $98.8m $46.6m $12.3m
Net Income Before Income Taxes $42.3m ($196.5m) ($87.6m) ($10.3m) $50.1m ($171.3m) $15.1m $98.8m $46.6m $12.3m
Net Income (Loss) Attributable to Parent ($4.5m) ($205.0m) ($95.3m) ($10.4m) $50.0m ($171.3m) $15.1m $98.7m $46.6m $12.3m
Earnings Per Share, Basic ($0.05) ($1.97) ($0.67) ($0.07) $0.34 ($1.05) $0.07 $0.47 $0.22 $0.06
Earnings Per Share, Diluted ($0.05) ($1.97) ($0.67) ($0.07) $0.34 ($1.05) $0.07 $0.47 $0.22 $0.06
Common Stock, Dividends, Per Share, Declared $1.37 $0.53 $0.07 $0.10 $0.34 ($1.05) $0.07 $0.47 $0.40 $0.36
Weighted Average Number of Shares Outstanding, Basic 92.5m 103.8m 142.0m 142.6m 149.3m 162.5m 202.0m 208.8m 209.2m 211.8m
Basic Average Number of Common Shares Outstanding (in shares) 92.5m 103.8m 142.0m 142.6m 149.3m 162.5m 202.0m 208.8m 209.2m 211.8m
Dilutive Average Number of Common Shares Outstanding (in shares) 92.5m 103.8m 142.0m 142.6m 149.3m 162.5m 202.0m 208.8m 209.9m 211.8m
Weighted Average Number of Shares Outstanding, Diluted 92.5m 103.8m 142.0m 142.6m 149.3m 162.5m 202.0m 208.8m 209.9m 211.8m
General and Administrative Expense $12.3m $12.6m $12.7m $13.5m $17.6m $15.6m $18.8m $22.9m $28.8m $28.1m
Other Nonoperating Income (Expense) ($98k) ($644k) ($14.7m) ($4.2m) $255k ($429k) $312k $137k ($670k) $118k
Interest Expense (non-operating) — — — — — — — — $30.7m $35.8m
Interest Expense $11.2m $20.5m $34.5m $38.4m $31.5m $26.4m $27.1m $30.5m $30.7m $35.8m
Interest Expense, Debt — — $1.5m $4.4m $4.4m $3.0m $3.6m $1.5m $850k —
Other Expenses — — $13.9m — — — — — — —
Voyage Expenses ($126.0m) ($142.5m) ($165.0m) ($141.8m) ($121.1m) ($128.3m) ($170.5m) ($129.5m) ($124.6m) ($109.9m)
Depreciation Expense ($90.9m) ($100.7m) ($60.7m) ($64.0m) ($67.8m) ($68.4m) ($50.4m) ($51.4m) ($56.2m) ($57.7m)
General and Administrative Expenses ($12.3m) ($12.6m) ($12.7m) ($13.5m) ($17.6m) ($15.6m) ($18.8m) ($22.9m) ($28.8m) ($28.1m)
Other Financial Income (Expense) ($98k) ($644k) ($14.7m) ($4.2m) $255k ($429k) $312k $137k ($670k) $118k
Income Tax Expense (Benefit) $102k $83k $79k $71k $64k $59k $23k $120k ($10k) $48k
Total Other Expenses ($11.1m) ($20.8m) ($48.9m) ($42.3m) ($31.1m) ($26.8m) ($26.7m) ($29.1m) ($30.7m) ($34.0m)

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