INTERNATIONAL SEAWAYS, INC.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $309.3M | $416.7M | $556.4M | $387.9M | $-133.5M | $-5.5M | $-830.0K | $-88.9M |
| Depreciation & Amortization | $163.6M | $149.4M | $129.0M | $110.4M | $86.7M | $74.3M | $75.7M | $72.4M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | $842.0K | $2.4M | — | — | — |
| Stock-Based Compensation | $8.7M | $9.0M | $8.5M | $6.7M | $10.5M | $5.6M | $4.3M | $3.2M |
| Net Cash from Operating Activities | $380.1M | $547.1M | $688.4M | $287.8M | $-76.2M | $216.1M | $87.5M | $-12.5M |
| Investing Activities | ||||||||
| Capital Expenditures | $1.4M | $1.4M | $1.5M | $710.0K | $979.0K | $507.0K | $574.0K | $148.9M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-141.3M | $-155.0M | $-124.3M | $42.8M | $133.3M | $32.4M | $107.9M | $123.7M |
| Financing Activities | ||||||||
| Dividends Paid | $144.6M | $284.4M | $308.2M | $69.8M | $40.9M | $6.8M | — | — |
| Stock Repurchases | — | $25.0M | $13.9M | $20.0M | $16.7M | $30.0M | — | — |
| Net Cash from Financing Activities | $-279.3M | $-361.4M | $-681.1M | $-185.8M | $-173.8M | $-183.1M | $-162.8M | $-64.2M |
| Net Change in Cash | $-40.6M | $30.7M | $-117.0M | $144.8M | $-116.7M | $65.4M | $32.6M | $47.0M |
| Free Cash Flow | $378.6M | $545.8M | $686.9M | $287.1M | $-77.2M | $215.6M | $86.9M | $-161.4M |