Eagle Bulk Shipping Inc. (EGLE) financial statements (2022 and earlier)

Company profile

Business Address 300 FIRST STAMFORD PLACE
STAMFORD, CT 06902
State of Incorp.
Fiscal Year End December 31
SIC 4412 - Deep Sea Foreign Transportation of Freight (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments86  6761
Cash and cash equivalents86  6756
Short-term investments    5
Receivables28  2017
Inventory, net of allowances, customer advances and progress billings18  1614
Inventory18  1614
Prepaid expense3  53
Deferred costs1    
Derivative instruments and hedges, assets5    
Other current assets1  21
Other undisclosed current assets14  89
Total current assets:156  118105
Noncurrent Assets
Operating lease, right-of-use asset17  
Property, plant and equipment0  11
Derivative instruments and hedges3    
Restricted cash and investments0  110
Deferred costs   00
Other noncurrent assets5  190
Other undisclosed noncurrent assets945  697702
Total noncurrent assets:971  728703
TOTAL ASSETS:1,127  846808
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities42  2621
Accounts payable21  147
Accrued liabilities18  1012
Interest and dividends payable3  22
Deferred revenue12  
Debt50  294
Derivative instruments and hedges, liabilities4  10
Deferred revenue and credits6
Contract with customer, liability7
Other undisclosed current liabilities16    
Total current liabilities:124  6331
Noncurrent Liabilities
Long-term debt and lease obligation332  302314
Long-term debt, excluding current maturities330  302314
Operating lease, liability1  
Liabilities, other than long-term debt0  00
Accounts payable and accrued liabilities0    
Other liabilities   00
Other undisclosed noncurrent liabilities   23
Total noncurrent liabilities:332  304316
Total liabilities:455  367347
Stockholders' equity
Stockholders' equity attributable to parent671  480461
Common stock0  11
Additional paid in capital983  894888
Accumulated other comprehensive income2    
Accumulated deficit(313)  (415)(427)
Total stockholders' equity:671  480461
TOTAL LIABILITIES AND EQUITY:1,127  846808

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues595  310237
Revenue, net237
Cost of revenue(254)  (204)(177)
Gross profit:341  10660
Operating expenses(79)  (68)(60)
Operating income (loss):261  38(0)
Nonoperating expense(76)  (25)(44)
Interest and debt expense(6)  (26)(15)
Net income (loss):179  (13)(59)
Other undisclosed net income attributable to parent6  2615
Net income (loss) available to common stockholders, diluted:185  13(44)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):179  (13)(59)
Comprehensive income (loss):179  (13)(59)
Other undisclosed comprehensive income, net of tax, attributable to parent9  2615
Comprehensive income (loss), net of tax, attributable to parent:188  13(44)

Statements sources

The financial statements are based on the company's filings with the 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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