SB Stock Annual Income Statement. Download in Excel
Safe Bulkers Inc ($0.001 par value)
SB 
NYE
Sector: Industrials
Industry: Shipping & Ports
3.74
USD
-0.09
(-2.35%)
Previous close: 3.83 Open: 3.83 Bid: 3.72 Ask: 3.74
52 week range
3.02 6.33
Mkt Cap: 403 M Avg Vol (90 Days): 564,975
Last updated: Thursday 22nd May 2025
Financials
SB Income Statement
Annual
| Dec-15 | Dec-16 | Dec-17 | Dec-18 | Dec-19 | Dec-20 | Dec-21 | Dec-22 | Dec-23 | Dec-24 | |
|---|---|---|---|---|---|---|---|---|---|---|
| AccruedPreferredStockDividends | 14 M | 14 M | 14 M | 11 M | 12 M | 12 M | 11 M | 9 M | 8 M | |
| AcquiredInProcessRnD | -72000.0 | |||||||||
| AcquiredInProcessRnDIncome | 9 M | |||||||||
| Basic EPS from continuing operations | -0.25 | 1.44 | 1.36 | 0.61 | 0.91 | |||||
| Basic EPS total | -0.25 | 1.44 | 1.36 | 0.61 | 0.91 | |||||
| Basic weighted shares outstanding | 83 M | 85 M | 101 M | 102 M | 102 M | 103 M | 114 M | 121 M | 114 M | 108 M |
| CommissionExpenses | 11 M | |||||||||
| Cost of sales | 61 M | 54 M | 59 M | 72 M | 77 M | 78 M | 86 M | 95 M | -11 M | 13 M |
| Depreciation | 47 M | 49 M | 51 M | 48 M | 50 M | 54 M | 52 M | 50 M | 54 M | 58 M |
| Depreciation unreconciled | 50 M | 53 M | 54 M | 50 M | 52 M | 56 M | 55 M | 52 M | 57 M | 61 M |
| DepreciationAndAmortization | 57 M | 61 M | ||||||||
| Diluted EPS total | -0.74 | -0.83 | -0.98 | 0.16 | 0.04 | -0.25 | 1.44 | 1.36 | 0.61 | 0.91 |
| Diluted normalized net income/share | -0.74 | -0.83 | -0.98 | 0.16 | 0.04 | -0.25 | 1.44 | 1.36 | 0.61 | 0.91 |
| Diluted weighted shares outstanding | 65 M | 67 M | 86 M | 173 M | 401 M | 103 M | 114 M | 121 M | 114 M | 108 M |
| Dividends paid per share | 0.2 | 0.5 | ||||||||
| Fuel | 5 M | 4 M | 6 M | 8 M | 9 M | 8 M | 14 M | 14 M | ||
| GainOnSaleOfBusiness | -2 M | |||||||||
| GainOnSaleOfPPE | -2 M | -3 M | -120000.0 | 12 M | -10 M | 17 M | ||||
| GainOnSaleOfSecurity | -620000.0 | 523000.0 | -4 M | |||||||
| GeneralAndAdministrativeExpense | -15 M | -15 M | -16 M | -19 M | -21 M | -22 M | -22 M | 24 M | 27 M | |
| Gross operating profit | -61 M | -54 M | -59 M | -72 M | -77 M | -78 M | -86 M | -95 M | 306 M | 308 M |
| ImpairmentOfCapitalAssets | 23 M | 17 M | 91 M | |||||||
| Income before tax | -48 M | -56 M | -85 M | 28 M | 16 M | -13 M | 174 M | 173 M | 80 M | 93 M |
| InsuranceAndClaims | 5 M | |||||||||
| Interest income | 86000.0 | 515000.0 | 799000.0 | 929000.0 | 2 M | -699000.0 | 69000.0 | 783000.0 | 2 M | 3 M |
| InterestExpenseNonOperating | 12 M | 20 M | 23 M | 26 M | 27 M | 21 M | 15 M | 17 M | 25 M | 32 M |
| InterestExpenseOperating | -12 M | -20 M | -23 M | -26 M | -27 M | -21 M | -18 M | |||
| MaintenanceAndRepairs | -8 M | -7 M | -9 M | -14 M | -15 M | -15 M | -17 M | |||
| MinorityInterests | -2 M | 4 M | ||||||||
| MiscOtherSpecialCharges | -242000.0 | -2 M | 6 M | -1 M | -777000.0 | -641000.0 | 7 M | -1 M | ||
| Net income from total operations | -48 M | -56 M | -85 M | 28 M | 16 M | -13 M | 174 M | 173 M | 79 M | 97 M |
| NetIncomeCommonStockholders | -62 M | -70 M | -99 M | 16 M | 4 M | -25 M | 164 M | 164 M | 79 M | 97 M |
| NetIncomeContinuousOperations | -48 M | -56 M | -85 M | 28 M | 16 M | -13 M | 174 M | 173 M | 80 M | 93 M |
| NetNonOperatingInterestIncomeExpense | -12 M | -19 M | -22 M | -25 M | -25 M | -22 M | -15 M | -16 M | -23 M | -29 M |
| NetOperatingInterestIncomeExpense | 12 M | 20 M | 23 M | 26 M | 27 M | 21 M | 18 M | |||
| Normalized income | 70 M | 76 M | ||||||||
| Operating income | -11 M | -15 M | 21 M | 54 M | 42 M | 9 M | 169 M | 183 M | 113 M | 109 M |
| Operating income before depreciation (EBITDA) | 1 M | -4 M | -31 M | 78 M | 68 M | 43 M | 244 M | 224 M | 163 M | 186 M |
| OperatingExpense | -55 M | -50 M | -53 M | -64 M | -69 M | -70 M | -72 M | -80 M | 193 M | 199 M |
| Other income net | 2 M | 5 M | -6 M | 1 M | 898000.0 | 641000.0 | -20 M | -7 M | 10 M | -13 M |
| OtherCostofRevenue | 55 M | 50 M | 53 M | 64 M | 69 M | 70 M | 72 M | 80 M | -11 M | 13 M |
| OtherGandA | -15 M | -15 M | -16 M | -19 M | -21 M | -22 M | -22 M | 24 M | 27 M | |
| OtherOperatingExpenses | -2 M | -794000.0 | 390000.0 | -2 M | 414000.0 | 241000.0 | 4 M | 113 M | 111 M | |
| OtherTaxes | 606000.0 | |||||||||
| OtherunderPreferredStockDividend | 14 M | 14 M | 14 M | 11 M | 12 M | 12 M | 11 M | 9 M | 8 M | |
| PreferredStockDividends | 14 M | 14 M | 14 M | 11 M | 12 M | 12 M | 11 M | 9 M | 8 M | |
| RealizedCapitalGain | 2 M | |||||||||
| Revenue per share | 3 M | 3 M | 2 M | 2 M | 2 M | 2 M | 3 M | 2 M | 2 M | 3 M |
| SalariesAndWages | -111 M | -103 M | -148 M | -192 M | -190 M | -162 M | -330 M | -350 M | ||
| Selling Gen & administrative expense | 11 M | 12 M | 14 M | 17 M | 18 M | 19 M | 19 M | 18 M | 24 M | 27 M |
| SellingAndMarketingExpense | 11 M | 12 M | 14 M | 17 M | 18 M | 19 M | 19 M | 18 M | 11 M | |
| Special income/charges | -24 M | -17 M | -91 M | |||||||
| Total Income available for interest expense (EBIT) | -49 M | -57 M | -85 M | 28 M | 16 M | -13 M | 189 M | 172 M | 106 M | 125 M |
| Total common shares outstanding | 83 M | 99 M | 102 M | 103 M | 110 M | 108 M | 127 M | 123 M | ||
| Total net income | -48 M | -56 M | -85 M | 28 M | 16 M | -13 M | 174 M | 173 M | 79 M | 97 M |
| Total ordinary shares | 105 M | 105 M | 105 M | 105 M | 105 M | 105 M | 105 M | 105 M | 105 M | 105 M |
| Total revenues | 794000.0 | 18000.0 | -1 M | 295 M | 321 M | |||||
| TotalExpenses | 5 M | 4 M | 6 M | 8 M | 9 M | 8 M | 14 M | 14 M | 182 M | 212 M |
| TotalRevenue | 794000.0 | 18000.0 | -1 M | 295 M | 321 M | |||||
| WriteDown | 1 M |
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