← SAFE BULKERS, INC.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
REVENUES:
Operating expenses:
Operating Costs and Expenses $49.5m $52.8m $63.5m $68.6m $70.1m $72.0m $80.2m $89.2m $92.6m $97.3m
Vessel operating expenses ($49.5m) ($52.8m) ($63.5m) ($68.6m) ($70.1m) ($72.0m) ($80.2m) ($89.2m) ($92.6m) ($97.3m)
Operating Income (Loss) ($31.4m) ($69.3m) $55.9m $44.1m $10.5m $191.4m $184.6m $104.1m $128.4m $70.0m
Additional Financial Items
Foreign Currency Transaction Gain (Loss), before Tax ($76k) $1.8m ($670k) ($76k) $916k ($910k) ($1.1m) ($1.9m) $4.2m ($10.0m)
Other Income $5.5m $6.4m $8.5m $4.3m $5.0m $9.0m $13.0m $5.0m $4.1m $3.8m
Other Operating Income $794k ($69.3m) $55.9m $44.1m $10.5m $191.4m $184.6m $104.1m $128.4m $70.0m
Preferred Stock Dividends, Income Statement Impact $14 $12 $11 $11 $12 $11 $9 $8 $8 $8
Commissions ($4.2m) ($6.0m) ($8.4m) ($8.9m) ($7.9m) ($14.4m) ($14.3m) ($11.0m) ($13.0m) ($12.4m)
Depreciation and amortization ($49.5m) ($51.4m) ($48.1m) ($50.3m) ($54.3m) ($52.4m) ($49.5m) ($54.1m) ($58.1m) ($59.9m)
- Management fee to related parties — — — — — ($19.2m) ($17.7m) ($19.2m) ($21.4m) ($24.1m)
Gain on sale of assets ($2.8m) ($120k) $0 $0 $0 $11.6m $0 $10.4m $16.6m $4.6m
Interest income $515k $799k $929k $1.6m $604k $69k $783k $2.5m $3.4m $5.1m
Gain/(loss) on derivatives ($620k) $72k $18k ($121k) ($1.3m) $2.2m $8.7m $523k ($3.7m) $7.3m
Foreign currency (loss)/gain ($76k) $1.8m ($670k) ($76k) $916k ($910k) ($1.1m) ($1.9m) $4.2m ($10.0m)
Amortization and write-off of deferred finance charges ($3.1m) ($2.5m) ($1.8m) ($1.8m) ($1.7m) ($2.9m) ($2.0m) ($2.5m) ($3.0m) ($2.8m)
Less preferred dividend attributable to preferred shareholders $14.0m $12.3m $11.4m $11.5m $11.5m $11.1m $9.0m $8.0m $8.0m $8.0m
Net Income (Loss) Attributable to Parent ($56.0m) ($84.7m) $27.7m $16.0m ($12.9m) $174.3m $172.6m $77.4m $97.4m $38.6m
Net Income (Loss) Available to Common Stockholders, Basic ($70.0m) ($99.1m) $16.3m $4.3m ($25.3m) $163.6m $163.6m $69.4m $89.4m $30.6m
Earnings Per Share, Basic ($0.83) ($0.98) $0.16 $0.04 ($0.25) $1.44 $1.36 $0.61 $0.83 $0.30
Earnings Per Share, Diluted ($0.83) ($0.98) $0.16 $0.04 ($0.25) $1.44 $1.36 $0.61 $0.83 $0.30
Common Stock, Dividends, Per Share, Declared $0.00 $0.00 — $0.04 ($0.25) $1.44 $1.36 $0.20 $0.20 $0.20
Weighted Average Number of Shares Outstanding, Basic — — — 101.7m 102.6m 113.7m 120.7m 113.6m 107.6m 103.0m
Weighted average number of shares, basic (in shares) — — — 101.7m 102.6m 113.7m 120.7m 113.6m 107.6m 103.0m
Weighted average number of shares, diluted (in shares) — — — 101.7m 102.6m 113.7m 120.7m 113.6m 107.6m 103.0m
Weighted Average Number of Shares Outstanding, Diluted — — — 101.7m 102.6m 113.7m 120.7m 113.6m 107.6m 103.0m
General and Administrative Expense $15.4m $16.1m $19.2m $20.6m $21.5m $22.5m $21.8m $23.8m $27.0m $29.9m
Other General and Administrative Expense $1.2m $1.4m $1.3m $1.3m $1.0m $1.6m $2.1m $2.6m $2.4m $2.3m
Other Nonoperating Income (Expense) — $7.7m ($973k) ($714k) ($641k) ($798k) ($1.4m) ($756k) ($618k) ($712k)
Cost, Depreciation and Amortization — — — — — $52.4m $49.5m $54.1m $58.1m $59.9m
Direct Operating Maintenance Supplies Costs $7.0m $9.3m $13.9m $14.8m $14.9m $15.5m $16.6m $18.7m $20.7m $23.1m
Cost, Direct Tax and License $1.3m $941k $842k $608k $642k $690k $674k $606k $575k $702k
Operating Insurance and Claims Costs, Production $3.5m $3.1m $3.2m $3.4m $3.4m $3.6m $4.7m $5.3m $5.7m $5.4m
Other Cost and Expense, Operating $1.6m $1.5m $1.8m $2.6m $2.6m $2.8m $2.9m $3.3m $3.4m $3.3m
Voyage expenses ($7.7m) ($3.9m) ($6.4m) ($13.7m) ($41.6m) ($9.8m) ($10.0m) ($21.7m) ($16.7m) ($19.5m)
- Company administration expenses ($3.8m) ($2.6m) ($2.7m) ($2.6m) ($2.6m) ($3.3m) ($4.1m) ($4.6m) ($5.7m) ($5.8m)
Other operating expense $794k ($390k) $0 ($414k) ($241k) $0 ($3.6m) ($1.9m) ($1.3m) ($3.8m)
Other finance cost — $7.7m ($973k) ($714k) ($641k) ($798k) ($1.4m) ($756k) ($618k) ($712k)
Interest Expense (non-operating) — — — — — — — — $31.4m $30.3m
Interest Expense $19.6m $23.2m $25.7m $26.8m $21.2m $14.7m $17.1m $24.7m ($31.4m) ($30.3m)
Other Operating Income (Expense), Net ($31.4m) ($390k) $0 ($414k) ($241k) $0 ($3.6m) ($1.9m) ($1.3m) ($3.8m)

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