INSWInternational Seaways, Inc.

$4B

Q1 2022 Earnings

Energy Oil & Gas Midstream

Income Statement

Revenue

$101M+117.0% YoY

Gross Profit

$3M3.3% margin

Operating Income

-$31,000-0.0% margin

Net Income

-$13M-12.8% margin

EPS (Diluted)

$-0.26

QoQ Revenue Growth

+7.2%

Cash Flow

Operating Cash Flow

-$20M

Free Cash Flow

-$58M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$2.4B

Total Liabilities

$1.2B

Stockholders' Equity

$1.2B

Cash & Equivalents

$75M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$101M	$47M	+117.0%
Gross Profit	$3M	-$4M	+191.7%
Operating Income	-$31,000	-$6M	+99.5%
Net Income	-$13M	-$13M	+2.7%

Revenue Segments

Pool Revenue Leases

$84M83%

Voyage Charter Leases

$12M11%

Time and Bareboat Charter Leases

$6M6%

INSW Q1 2022 Earnings — International Seaways, Inc. Revenue & Financial Results | Market Cap Arena