International Seaways, Inc. (INSW) Financial Statements (2026 and earlier)

Company Profile

Business Address 600 THIRD AVENUE
NEW YORK, NY 10016
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 44 - Water Transportation (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

3/31/2026
MRQ
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments166,922157,506186,760323,74497,883199,390
Cash and cash equivalent116,922157,506126,760243,74497,883199,390
Short-term investments50,000 60,00080,000  
Receivables191,723199,292261,468302,358112,74747,841
Inventory, net of allowances, customer advances and progress billings6111,8751,3295312,1103,601
Inventory6111,8751,3295312,1103,601
Derivative instruments and hedges, assets4062,0805,0816,987  
Other undisclosed current assets7,38415,57010,3428,99511,7596,002
Total current assets:367,046376,323464,980642,615224,499256,834
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization    44,391  
Operating lease, right-of-use asset7,22021,22920,3918,47123,16821,588
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization2,077,9862,050,2111,914,4261,680,0101,802,8501,108,214
Long-term investments and receivables33,05135,37231,74836,414180,331141,924
Long-term investments33,05135,37231,74836,414180,331141,924
Intangible asset, including goodwill, after accumulated amortization    842 
Goodwill      
Intangible asset, excluding goodwill, after accumulated amortization     842 
Derivative instruments and hedges 58011,1534,6621,2962,129
Restricted cash and investments     1,05016,287
Other noncurrent assets16,35225,2326,5719,2207,7003,229
Other undisclosed noncurrent assets166,982127,22982,550189,551105,04436,334
Total noncurrent assets:2,301,5962,260,0742,056,8391,972,7192,122,2811,329,705
TOTAL ASSETS:2,668,6422,636,3972,521,8192,615,3342,346,7801,586,539
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 26,67827,21723,80724,71522,99516,012
Interest and dividends payable✕✕✕✕7,723543370
Taxes payable✕✕✕✕✕53 
Employee-related liabilities✕✕✕✕9,9096,9196,293
Accounts payable 1,6555,8286,5701,8261,6072,609
Accrued liabilities 25,02321,38917,2375,25713,8736,740
Deferred revenue 5,9777,8346,2442,9623533,060
Debt25,78850,054127,447204,724178,71561,483
Derivative instruments and hedges, liabilities     2,5394,121
Other liabilities 3,6822,9365,4499413,7861,212
Other undisclosed current liabilities36,76642,89432,62724,04726,22323,008
Total current liabilities:98,891130,935195,574257,389234,611108,896
Noncurrent Liabilities
Long-term debt and lease obligation541,291638,353595,229860,578938,792484,585
Long-term debt, excluding current maturities541,291638,353595,229860,578926,270474,332
Liabilities, other than long-term debt8,18311,06114,2599,6153,04521,016
Other liabilities2,2292,3462,6281,8752,28814,861
Operating lease, liability5,9548,71511,6317,74012,52210,253
Derivative instruments and hedges, liabilities     7576,155
Total noncurrent liabilities:549,474649,414609,488870,193941,837505,601
Total liabilities:648,365780,349805,0621,127,5821,176,448614,497
Equity
Equity, attributable to parent2,020,2771,856,0481,716,7571,487,7521,169,748972,042
Common stock1,507,3251,504,7671,490,9861,502,2351,591,4461,280,501
Accumulated other comprehensive income (loss)(10,840)(7,861)(1,063)6,964(12,360)(32,613)
Retained earnings (accumulated deficit)523,792359,142226,834(21,447)(409,338)(275,846)
Equity, attributable to noncontrolling interest     584 
Total equity:2,020,2771,856,0481,716,7571,487,7521,170,332972,042
TOTAL LIABILITIES AND EQUITY:2,668,6422,636,3972,521,8192,615,3342,346,7801,586,539

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Revenues843,302951,6131,071,775864,665272,546421,648
Cost of revenue(486,153)(462,949)(444,237)(393,537)(358,642)(252,344)
Gross profit:357,149488,664627,538471,128(86,096)169,304
Operating expenses(11,764)(33,439)(12,107)(28,474)(26,041)(129,424)
Other undisclosed operating income      
Operating income (loss):345,385455,225615,431442,654(112,137)39,880
Nonoperating income (expense)
(Other Nonoperating Income (Expense))		6,16910,11810,6522,332(5,947)(12,817)
Interest and debt expense(42,704)(49,703)(65,759)(57,721)(36,796)(36,712)
Income (loss) from continuing operations before equity method investments, income taxes:308,850415,640560,324387,265(154,880)(9,649)
Income from equity method investments   71421,8384,119
Income (loss) from continuing operations before income taxes:308,850415,640560,324387,979(133,042)(5,530)
Income tax expense (benefit) 4111,084(3,878)(88)(1,618)(1)
Other undisclosed income from continuing operations      
Income (loss) from continuing operations:309,261416,724556,446387,891(134,660)(5,531)
Loss before gain (loss) on sale of properties:✕✕✕✕✕(134,660)(5,531)
Net income (loss):309,261416,724556,446387,891(134,660)(5,531)
Net income attributable to noncontrolling interest     1,168 
Net income (loss) attributable to parent:309,261416,724556,446387,891(133,492)(5,531)
Other undisclosed net loss available to common stockholders, basic(154)(178)(403)   
Net income (loss) available to common stockholders, diluted:309,107416,546556,043387,891(133,492)(5,531)

Comprehensive Income ($ in thousands)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Net income (loss):309,261416,724556,446387,891(134,660)(5,531)
Other comprehensive income (loss)(2,979)(6,798)(8,027)19,32420,253(12,043)
Comprehensive income (loss):306,282409,926548,419407,215(114,407)(17,574)
Comprehensive income, net of tax, attributable to noncontrolling interest     1,168 
Comprehensive income (loss), net of tax, attributable to parent:306,282409,926548,419407,215(113,239)(17,574)

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.

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