OSG · Overseas Shipholding Group Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $117.50M | - | $115.44M | $106.63M | $113.79M | - | $123.06M | $117.98M | $104.00M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $10.35M | - | $7.17M | $6.59M | $7.84M | - | $6.56M | $7.43M | $6.94M | - |
| Total Operating Expenses | $94.01M | - | $87.24M | $86.36M | $91.25M | - | $100.63M | $105.34M | $96.30M | - |
| D&A | $17.99M | - | $17.00M | $16.45M | $16.05M | - | $17.90M | $16.66M | $16.49M | - |
| Operating Income | $23.49M | - | $28.20M | $20.27M | $22.54M | - | $22.43M | $12.64M | $7.70M | - |
| Interest Expense | $6.78M | - | $7.78M | $8.09M | $8.16M | - | $8.23M | $8.28M | $8.37M | - |
| Income Tax | $3.30M | - | $4.47M | $1.34M | $3.32M | - | $1.52M | $611.0K | ($59.0K) | - |
| Net Income | $14.64M | - | $17.59M | $12.30M | $12.14M | - | $13.25M | $3.74M | ($509.0K) | - |
| EPS - Basic | $0.20 | - | $0.22 | $0.15 | $0.15 | - | ($0.18) | $0.04 | ($0.18) | - |
| EPS - Diluted | $0.19 | - | $0.22 | $0.04 | $0.14 | - | ($0.18) | - | - | - |
Balance Sheet
| Line item | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $82.20M | $76.26M | $97.60M | $105.95M | $104.09M | $78.73M | $73.68M | $84.44M | $76.90M | $83.17M |
| Accounts Receivable | $9.41M | $17.36M | $12.52M | $10.86M | $10.92M | $19.70M | $22.34M | $17.15M | $12.47M | $14.59M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | $5.17M | - | - | - | $5.96M | - | - | - | $9.50M |
| Current Assets | $115.97M | $114.59M | $131.18M | $125.28M | $124.26M | $108.35M | $112.74M | $121.62M | $108.83M | $108.93M |
| Total Assets | $1.10B | $1.08B | $1.08B | $1.11B | $1.13B | $1.14B | $1.04B | $1.06B | $1.08B | $1.12B |
| Current Liabilities | $174.15M | $169.49M | $159.56M | $141.72M | $149.52M | $145.93M | $154.50M | $161.87M | $166.14M | $176.14M |
| Long-term Debt | $338.21M | $357.41M | $363.33M | $387.30M | $393.30M | $399.63M | $405.44M | $411.14M | $416.74M | $422.51M |
| Total Liabilities | $733.97M | $724.83M | $738.52M | $754.73M | $781.45M | $799.38M | $696.54M | $720.71M | $746.32M | $777.12M |
| Stockholders' Equity | $362.87M | $354.05M | $342.65M | $354.39M | $349.40M | $339.69M | $346.27M | $343.19M | $338.21M | $338.61M |
| Retained Earnings | ($164.53M) | ($174.82M) | ($190.99M) | ($208.58M) | ($220.88M) | ($233.02M) | ($243.11M) | ($256.36M) | ($260.10M) | ($259.59M) |
Cash Flow
| Line item | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $24.74M | - | - | - | $35.70M | - | - | - | $1.78M | - |
| Investing Cash Flow | ($5.78M) | - | - | - | ($454.0K) | - | - | - | ($1.06M) | - |
| Financing Cash Flow | ($13.02M) | - | - | - | ($9.88M) | - | - | - | ($7.08M) | - |
| CapEx | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | - |
Ratios
| Metric | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 20.0% | - | 24.4% | 19.0% | 19.8% | - | 18.2% | 10.7% | 7.4% | - |
| EBITDA margin | 35.3% | - | 39.2% | 34.4% | 33.9% | - | 32.8% | 24.8% | 23.3% | - |
| Net margin | 12.5% | - | 15.2% | 11.5% | 10.7% | - | 10.8% | 3.2% | -0.5% | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 8.8% | - | 6.2% | 6.2% | 6.9% | - | 5.3% | 6.3% | 6.7% | - |
| Effective tax rate | 18.4% | - | 20.3% | 9.8% | 21.5% | - | 10.3% | 14.0% | - | - |
| Return on assets | 1.3% | - | 1.6% | 1.1% | 1.1% | - | 1.3% | 0.4% | -0.0% | - |
| Return on equity | 4.0% | - | 5.1% | 3.5% | 3.5% | - | 3.8% | 1.1% | -0.2% | - |
| Return on invested capital | 2.7% | - | 3.2% | 2.5% | 2.4% | - | 2.7% | 1.4% | 0.8% | - |
| Liquidity | ||||||||||
| Current ratio | 0.67 | 0.68 | 0.82 | 0.88 | 0.83 | 0.74 | 0.73 | 0.75 | 0.66 | 0.62 |
| Quick ratio | 0.67 | 0.68 | 0.82 | 0.88 | 0.83 | 0.74 | 0.73 | 0.75 | 0.66 | 0.62 |
| Cash ratio | 0.47 | 0.45 | 0.61 | 0.75 | 0.70 | 0.54 | 0.48 | 0.52 | 0.46 | 0.47 |
| Leverage | ||||||||||
| Debt / Equity | 0.93 | 1.01 | 1.06 | 1.09 | 1.13 | 1.18 | 1.17 | 1.20 | 1.23 | 1.25 |
| Debt / Assets | 0.31 | 0.33 | 0.34 | 0.35 | 0.35 | 0.35 | 0.39 | 0.39 | 0.38 | 0.38 |
| Debt / EBITDA | 8.15 | - | 8.04 | 10.55 | 10.19 | - | 10.05 | 14.03 | 17.23 | - |
| Interest coverage | 3.5x | - | 3.6x | 2.5x | 2.8x | - | 2.7x | 1.5x | 0.9x | - |
| Equity multiplier | 3.02 | 3.05 | 3.16 | 3.13 | 3.24 | 3.35 | 3.01 | 3.10 | 3.21 | 3.29 |
| Liabilities / Assets | 0.67 | 0.67 | 0.68 | 0.68 | 0.69 | 0.70 | 0.67 | 0.68 | 0.69 | 0.70 |
| Efficiency | ||||||||||
| Asset turnover | 0.11 | - | 0.11 | 0.10 | 0.10 | - | 0.12 | 0.11 | 0.10 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 29d | - | 40d | 37d | 35d | - | 66d | 53d | 44d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 82.3x | - | 54.8x | 356.0x | 110.6x | - | - | - | - | - |
| P / B | 3.2x | - | 2.8x | 3.4x | 3.8x | - | 3.3x | 3.1x | 2.8x | - |
| P / S | 10.0x | - | 8.4x | 11.2x | 11.6x | - | 9.4x | 8.9x | 9.1x | - |
| EV / EBITDA | 34.5x | - | 27.4x | 40.1x | 41.7x | - | 36.8x | 47.0x | 53.1x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 3.3% | - | -6.2% | -9.6% | 9.4% | - | 31.0% | 33.5% | 28.0% | - |
| Revenue CAGR (3y) | 13.1% | - | 3.0% | -2.4% | 4.1% | - | 15.0% | 10.1% | 5.8% | - |
| Revenue CAGR (5y) | 6.0% | - | 7.5% | 2.3% | 2.4% | - | 5.7% | 4.2% | -0.8% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 4.2% | - | 25.7% | 60.3% | 192.7% | - | - | - | - | - |
| Net income growth (YoY) | 20.6% | - | 32.8% | 229.0% | - | - | - | - | 96.8% | - |
| EPS growth (YoY) | 35.7% | - | - | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 3.9% | 4.2% | -1.0% | 3.3% | 3.3% | 0.3% | 2.3% | -3.0% | -7.1% | -10.8% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2023-12-31.
Product / service
$872.50M totalTime Charter Revenues$359.54M · 41.2%
Time And Bareboat Charter Revenues$359.54M · 41.2%
Voyage Charter Revenues$92.33M · 10.6%
Contracts Of Affreightment Revenues$56.82M · 6.5%
Short Term Time Charter Contracts$4.26M · 0.5%
Peer comparison
Same SIC group: Deep Sea Foreign Transportation of Freight
Comparing OVERSEAS SHIPHOLDING GROUP INC against the 5 most active filers in the same SIC group.