DHT FY 2015 Earnings Report — DHT Holdings, Inc. Revenue & Financial Results | Market Cap Arena

DHT Holdings, Inc.DHT

FY 2015 Earnings

Reported March 21, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$365M	—	$151M	—	142.1%
Op. Income	$135M	—	$27M	—	393.8%
Gross Margin	43.2%	—	9.0%	—	34.2pp
Net Margin	28.8%	—	8.5%	—	20.3pp
EPS (Diluted)	$1.04	—	$0.18	—	477.8%
Free Cash Flow	$29M	—	-$265M	—	111.0%

Revenue Flow

Item	Amount
REVENUE	$365M
Cost of Revenue	$207M
GROSS PROFIT	$158M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$22M
SG&A Expenses	$22M
Other Expenses	$0
Operating Expenses	$22M
Cost & Expenses	$229M
OPERATING INCOME	$135M
Interest Income	$141.0K
Interest Expense	$34M
Other Income/Expenses	-$30M
INCOME BEFORE TAX	$105M
Income Tax Expense	$128.0K
Net Income from Continuing Ops	$105M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$105M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$105M
D&A	$79M
EBIT	$139M
EBITDA	$215M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$365M
Cost of Revenue	$207M
GROSS PROFIT	$158M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$22M
SG&A Expenses	$22M
Other Expenses	$0
Operating Expenses	$22M
Cost & Expenses	$229M
OPERATING INCOME	$135M
Interest Income	$141.0K
Interest Expense	$34M
Other Income/Expenses	-$30M
INCOME BEFORE TAX	$105M
Income Tax Expense	$128.0K
Net Income from Continuing Ops	$105M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$105M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$105M
D&A	$79M
EBIT	$139M
EBITDA	$215M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$105M
Depreciation & Amortization	$79M
Stock-Based Compensation	$7M
Deferred Income Tax	-$3M
Other Non-Cash Items	$8M
Change in Working Capital	-$21M
OPERATING CASH FLOW	$174M
Capital Expenditure	-$145M
Acquisitions (Net)	$120.0K
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$27M
NET CASH FROM INVESTING	-$118M
Net Debt Issuance	-$6M
Common Stock Repurchased	$0
Common Dividends Paid	-$49M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$56M
FREE CASH FLOW	$29M
Net Change in Cash	$91.0K

Balance Sheet

Item	Amount
Cash & Equivalents	$167M
Short-Term Investments	$0
Net Receivables	$40M
Inventory	$9M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$218M
PP&E (Net)	$1.2B
Goodwill	$0
Intangible Assets	$6M
Long-Term Investments	$3M
Tax Assets	-$6M
Other Non-Current Assets	$1.0K
TOTAL NON-CURRENT ASSETS	$1.2B
TOTAL ASSETS	$1.4B
Account Payables	$2M
Short-Term Debt	$32M
Deferred Revenue	$4M
Other Current Liabilities	$8M
TOTAL CURRENT LIABILITIES	$53M
Long-Term Debt	$630M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$3M
TOTAL NON-CURRENT LIABILITIES	$633M
TOTAL LIABILITIES	$686M
Common Stock	$929.0K
Additional Paid-In Capital	$878M
Retained Earnings	-$148M
Treasury Stock	$0
Accum. Other Comp. Income	$7M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$738M
Minority Interest	$0
TOTAL EQUITY	$738M
TOTAL LIABILITIES & EQUITY	$1.4B
Total Debt	$662M
Net Debt	$496M