Frontline 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. Frontline Ltd.'s past years’ income statements indicate that its last revenue has increased compared to the previous period by 26% to $1,802,184,000. The net income raised on $656,414,000 and profit margin reached 36%. Total operating expenses were $29,448,000.
Profit Margin
| 2014 | 559.68M | -162.93M | -29.11% |
|---|---|---|---|
| 2015 | 458.93M | 154.62M | 33.69% |
| 2016 | 754.30M | 117.01M | 15.51% |
| 2017 | 646.32M | -264.86M | -40.98% |
| 2018 | 742.26M | -8.39M | -1.13% |
| 2019 | 957.32M | 139.97M | 14.62% |
| 2020 | 1.22B | 412.87M | 33.81% |
| 2021 | 749.38M | -11.14M | -1.49% |
| 2022 | 1.43B | 475.53M | 33.25% |
| 2023 | 1.80B | 656.41M | 36.42% |
FRO.OL Income Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 1.80B | 1.43B | 749.38M | 1.22B | 957.32M | 742.26M | 646.32M | 754.30M | 458.93M | 559.68M |
Cost of revenue | 1.02B | 949.20M | 718.77M | 684.48M | 678.81M | 652.20M | 556.51M | 490.04M | 270.05M | 457.51M |
Gross profit | 776.11M | 481M | 30.60M | 536.69M | 278.51M | 90.06M | 89.81M | 264.26M | 188.87M | 102.17M |
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 | 286.36M |
Total operating expenses | 29.44M | 38.82M | 21.99M | 28.90M | 41.59M | 27.08M | 35.22M | 41.02M | 10.58M | 77.68M |
Operating income | 746.66M | 442.8M | 29.85M | 507.79M | 239.52M | 82.71M | -196.27M | 177.48M | 287.21M | -48.6M |
Other income (expenses), net | -90.04M | 30.33M | -36.36M | -94.80M | -99.22M | -90.79M | -67.76M | -49.05M | -31.68M | 16.70M |
Income before tax | 656.61M | 473.13M | -6.51M | 412.99M | 140.29M | -8.08M | -264.03M | 117.85M | 255.53M | -171.20M |
Income tax expense | 205K | 412K | 4.63M | -14K | 307K | 316K | 290K | 345K | 150K | 459K |
Net income | 656.41M | 475.53M | -11.14M | 412.87M | 139.97M | -8.39M | -264.86M | 117.01M | 154.62M | -162.93M |
Earnings per share | ||||||||||
Basic EPS | 2.95 | 2.42 | -0.05 | 2.11 | 0.81 | -0.04 | -1.56 | 0.75 | 1.29 | -1.3 |
Diluted EPS | 2.95 | 2.42 | -0.05 | 2.09 | 0.78 | -0.04 | -1.56 | 0.75 | 1.29 | -1.3 |
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