DHT FY 2020 Earnings Report — DHT Holdings, Inc. Revenue & Financial Results | Market Cap Arena

DHT Holdings, Inc.DHT

FY 2020 Earnings

Reported March 25, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$691M	—	$535M	—	29.1%
Op. Income	$314M	—	$139M	—	125.8%
Gross Margin	49.8%	—	28.7%	—	21.1pp
Net Margin	38.5%	—	13.8%	—	24.8pp
EPS (Diluted)	$1.61	—	$0.51	—	215.7%
Free Cash Flow	$502M	—	$102M	—	392.1%

Revenue Flow

Item	Amount
REVENUE	$691M
Cost of Revenue	$347M
GROSS PROFIT	$344M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$18M
SG&A Expenses	$18M
Other Expenses	$13M
Operating Expenses	$30M
Cost & Expenses	$377M
OPERATING INCOME	$314M
Interest Income	$212.0K
Interest Expense	$38M
Other Income/Expenses	-$46M
INCOME BEFORE TAX	$267M
Income Tax Expense	$900.0K
Net Income from Continuing Ops	$266M
Net Income from Discontinued Ops	$0
Other Adjustments	-$1.0K
NET INCOME	$266M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$266M
D&A	$124M
EBIT	$306M
EBITDA	$430M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$691M
Cost of Revenue	$347M
GROSS PROFIT	$344M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$18M
SG&A Expenses	$18M
Other Expenses	$13M
Operating Expenses	$30M
Cost & Expenses	$377M
OPERATING INCOME	$314M
Interest Income	$212.0K
Interest Expense	$38M
Other Income/Expenses	-$46M
INCOME BEFORE TAX	$267M
Income Tax Expense	$900.0K
Net Income from Continuing Ops	$266M
Net Income from Discontinued Ops	$0
Other Adjustments	-$1.0K
NET INCOME	$266M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$266M
D&A	$124M
EBIT	$306M
EBITDA	$430M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$266M
Depreciation & Amortization	$124M
Stock-Based Compensation	$5M
Deferred Income Tax	$19M
Other Non-Cash Items	$6M
Change in Working Capital	$109M
OPERATING CASH FLOW	$530M
Capital Expenditure	-$28M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$835.0K
NET CASH FROM INVESTING	-$27M
Net Debt Issuance	-$287M
Common Stock Repurchased	$0
Common Dividends Paid	-$215M
Other Financing Activities	$1.0K
NET CASH FROM FINANCING	-$502M
FREE CASH FLOW	$502M
Net Change in Cash	$1M

Balance Sheet

Item	Amount
Cash & Equivalents	$69M
Short-Term Investments	$0
Net Receivables	$30M
Inventory	$12M
Other Current Assets	$1M
TOTAL CURRENT ASSETS	$118M
PP&E (Net)	$1.5B
Goodwill	$0
Intangible Assets	$452.0K
Long-Term Investments	$5M
Tax Assets	-$453.0K
Other Non-Current Assets	$1.0K
TOTAL NON-CURRENT ASSETS	$1.5B
TOTAL ASSETS	$1.6B
Account Payables	$3M
Short-Term Debt	$3M
Deferred Revenue	$16M
Other Current Liabilities	$21M
TOTAL CURRENT LIABILITIES	$48M
Long-Term Debt	$447M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$19M
TOTAL NON-CURRENT LIABILITIES	$465M
TOTAL LIABILITIES	$513M
Common Stock	$2M
Additional Paid-In Capital	$1.3B
Retained Earnings	-$189M
Treasury Stock	$0
Accum. Other Comp. Income	$4M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$19.0K
TOTAL EQUITY	$1.1B
TOTAL LIABILITIES & EQUITY	$1.6B
Total Debt	$450M
Net Debt	$381M