Eagle Bulk Shipping Inc. (EGLE) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
300 FIRST STAMFORD PLACE STAMFORD, CT 06902 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| Industry (SIC) | 4412 - Deep Sea Foreign Transportation of Freight (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 187,155 | 86,147 | 69,928 | 53,584 | 67,210 | 60,751 | |||
| Cash and cash equivalents | 187,155 | 86,147 | 69,928 | 53,584 | 67,210 | 56,251 | |||
| Short-term investments | 4,500 | ||||||||
| Restricted cash and investments | 18,846 | 5,471 | |||||||
| Receivables | 32,311 | 28,456 | 13,843 | 19,983 | 19,786 | 17,247 | |||
| Inventory, net of allowances, customer advances and progress billings | 28,081 | 17,651 | 11,625 | 15,824 | 16,138 | 14,113 | |||
| Inventory | 28,081 | 17,651 | 11,625 | 15,824 | 16,138 | 14,113 | |||
| Prepaid expense | 4,531 | 3,362 | 3,183 | 4,631 | 4,636 | 3,011 | |||
| Deferred costs | 500 | 700 | |||||||
| Derivative instruments and hedges, assets | 8,479 | 4,669 | |||||||
| Other current assets | 558 | 668 | 840 | 1,039 | 2,247 | 785 | |||
| Other undisclosed current assets | 409 | 14,381 | 8,458 | 9,316 | |||||
| Total current assets: | 262,024 | 156,033 | 118,265 | 100,533 | 118,474 | 105,223 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 23,006 | 17,017 | 7,541 | 20,410 | ✕ | ✕ | |||
| Property, plant and equipment | 310 | 257 | 489 | 741 | 693 | 617 | |||
| Derivative instruments and hedges | 8,184 | 3,112 | |||||||
| Restricted cash and investments | 2,599 | 75 | 75 | 75 | 10,954 | 75 | |||
| Deferred costs | 166 | 285 | 190 | ||||||
| Other noncurrent assets | 2,722 | 4,994 | 2,639 | 26,708 | 18,632 | 57 | |||
| Other undisclosed noncurrent assets | 938,364 | 945,169 | 838,118 | 853,454 | 697,171 | 702,188 | |||
| Total noncurrent assets: | 975,185 | 970,626 | 848,862 | 901,554 | 727,735 | 703,127 | |||
| TOTAL ASSETS: | 1,237,209 | 1,126,658 | 967,127 | 1,002,087 | 846,209 | 808,350 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 48,325 | 41,958 | 27,027 | 47,801 | 25,961 | 21,072 | |||
| Interest and dividends payable | ✕ | ✕ | 3,183 | 4,690 | 5,321 | 1,736 | 1,790 | ||
| Accounts payable | 20,129 | 20,781 | 10,590 | 13,483 | 14,161 | 7,471 | |||
| Accrued liabilities | 28,196 | 17,993 | 11,747 | 28,997 | 10,064 | 11,810 | |||
| Deferred revenue | 9,670 | 12,088 | 8,072 | 4,692 | ✕ | ✕ | |||
| Debt | 49,800 | 49,800 | 39,244 | 48,965 | 29,176 | 4,000 | |||
| Derivative instruments and hedges, liabilities | 163 | 4,253 | 756 | 929 | 73 | ||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 5,679 | ||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | 6,927 | ✕ | ||
| Other undisclosed current liabilities | 21,007 | 15,502 | 8,097 | ||||||
| Total current liabilities: | 128,965 | 123,601 | 82,441 | 102,215 | 62,993 | 30,823 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 284,682 | 331,526 | 413,617 | 418,369 | 301,583 | 313,684 | |||
| Long-term debt, excluding current maturities | 284,682 | 330,244 | 412,931 | 410,067 | 301,583 | 313,684 | |||
| Liabilities, other than long-term debt | 4,381 | 265 | 209 | 178 | |||||
| Accounts payable and accrued liabilities | 1,208 | 265 | |||||||
| Other liabilities | 209 | 178 | |||||||
| Operating lease, liability | 3,173 | 1,283 | 686 | 8,302 | ✕ | ✕ | |||
| Derivative instruments and hedges, liabilities | |||||||||
| Other undisclosed noncurrent liabilities | (36) | 1,818 | 2,500 | ||||||
| Total noncurrent liabilities: | 289,063 | 331,792 | 414,268 | 418,369 | 303,610 | 316,362 | |||
| Total liabilities: | 418,028 | 455,392 | 496,709 | 520,584 | 366,603 | 347,185 | |||
| Equity | |||||||||
| Equity, attributable to parent | 819,181 | 671,266 | 470,418 | 481,503 | 479,606 | 461,165 | |||
| Common stock | 130 | 129 | 117 | 715 | 711 | 704 | |||
| Additional paid in capital | 966,058 | 982,746 | 943,572 | 917,862 | 894,273 | 887,626 | |||
| Accumulated other comprehensive income (loss) | 16,549 | 1,886 | (1,132) | ||||||
| Accumulated deficit | (163,556) | (313,495) | (472,138) | (437,074) | (415,377) | (427,165) | |||
| Total equity: | 819,181 | 671,266 | 470,418 | 481,503 | 479,606 | 461,165 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,237,209 | 1,126,658 | 967,127 | 1,002,087 | 846,209 | 808,350 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 719,847 | 594,538 | 275,134 | 292,378 | 310,094 | 236,785 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 236,785 | |
| Cost of revenue | (379,667) | (253,877) | (204,036) | (217,140) | (204,302) | (176,579) | ||
| Gross profit: | 340,180 | 340,661 | 71,098 | 75,238 | 105,793 | 60,206 | ||
| Operating expenses | (87,798) | (79,269) | (75,853) | (65,806) | (68,186) | (60,346) | ||
| Operating income (loss): | 252,382 | 261,392 | (4,755) | 9,431 | 37,607 | (140) | ||
| Nonoperating expense | (4,373) | (76,494) | (30,309) | (31,128) | (25,032) | (43,657) | ||
| Investment income, nonoperating | 2,918 | 92 | 257 | 1,867 | 585 | |||
| Interest and debt expense | (4,169) | (6,085) | (35,393) | (2,268) | (25,744) | (14,969) | ||
| Income (loss) from continuing operations: | 243,840 | 178,813 | (70,456) | (23,966) | (13,169) | (58,765) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | 178,813 | (70,456) | (23,966) | (13,169) | (58,765) | |
| Net income (loss): | 243,840 | 178,813 | (70,456) | (23,966) | (13,169) | (58,765) | ||
| Other undisclosed net income attributable to parent | 4,169 | 6,085 | 35,393 | 2,268 | 25,744 | 14,969 | ||
| Net income (loss) available to common stockholders, diluted: | 248,009 | 184,898 | (35,063) | (21,697) | 12,575 | (43,797) | ||
Comprehensive Income ($ in thousands)
| 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 243,840 | 178,813 | (70,456) | (23,966) | (13,169) | (58,765) | ||
| Comprehensive income (loss): | 243,840 | 178,813 | (70,456) | (23,966) | (13,169) | (58,765) | ||
| Other undisclosed comprehensive income, net of tax, attributable to parent | 18,832 | 9,104 | 34,260 | 2,268 | 25,744 | 14,969 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 262,672 | 187,917 | (36,196) | (21,697) | 12,575 | (43,797) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.