FLEX LNG Ltd.
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. FLEX LNG Ltd.'s past years’ income statements indicate that its last revenue has increased compared to the previous period by 7% to $371,022,000. Profit margin reached 32%. Total operating expenses were $10,467,000.
Profit Margin
| 2014 | 0 | -2.63M | |
|---|---|---|---|
| 2015 | 0 | -2.48M | |
| 2016 | 0 | -1.78M | |
| 2017 | 27.32M | -10.40M | -38.08% |
| 2018 | 77.20M | 11.77M | 15.26% |
| 2019 | 119.96M | 16.96M | 14.14% |
| 2020 | 164.46M | 8.10M | 4.93% |
| 2021 | 343.44M | 162.20M | 47.23% |
| 2022 | 347.91M | 188.04M | 54.05% |
| 2023 | 371.02M | 120.03M | 32.35% |
FLNG.OL Income Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 371.02M | 347.91M | 343.44M | 164.46M | 119.96M | 77.20M | 27.32M | 0 | 0 | 0 |
Cost of revenue | 143.39M | 138.15M | 134.40M | 82.54M | 57.45M | 43.57M | 37.57M | 743K | 815K | 870K |
Gross profit | 227.62M | 209.76M | 209.04M | 81.92M | 62.51M | 33.63M | -10.24M | -743K | -815K | -870K |
Operating exp. | ||||||||||
Research and development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Selling and marketing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total operating expenses | 10.46M | 9.14M | 7.88M | 6.30M | 7.50M | 4.63M | 2.36M | 727K | 1.41M | 1.50M |
Operating income | 217.15M | 200.61M | 201.15M | 75.62M | 55.00M | 28.99M | -12.61M | -1.48M | -2.23M | -2.59M |
Other income (expenses), net | -97.04M | -12.47M | -38.85M | -67.43M | -37.85M | -22K | 2.22M | -15K | -247K | -32K |
Income before tax | 120.11M | 188.14M | 162.30M | 8.18M | 17.14M | 11.76M | -10.39M | -1.79M | -2.47M | -2.62M |
Income tax expense | 78K | 98K | 99K | 84K | 182K | -10K | 17K | -1K | 7K | 13K |
Net income | 120.03M | 188.04M | 162.20M | 8.10M | 16.96M | 11.77M | -10.40M | -1.78M | -2.48M | -2.63M |
Earnings per share | ||||||||||
Basic EPS | 2.22 | 3.53 | 3.04 | 0.15 | 0.31 | 0.29 | -0.34 | -0.14 | -0.19 | -0.21 |
Diluted EPS | 2.22 | 3.51 | 3.04 | 0.15 | 0.31 | 0.29 | -0.34 | -0.14 | -0.19 | -0.21 |
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