Golden Ocean Group Limited (GOGL) — Financial statements
Income statement, balance sheet, and cash flow for Golden Ocean Group Limited — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 968↑9.3% | 886↓20.4% | 1,113↓7.5% | 1,203↑97.9% | 608 | |
| Cost of Revenue | 510↓24.6% | 676↓2.3% | 692↑2.5% | 675↑19.7% | 564 | |
| Gross Profit | 459↑118.6% | 210↓50.2% | 422↓20.2% | 528↑1099.0% | 44 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 24↑34.4% | 18↓11.3% | 20↑12.3% | 18↑32.3% | 14 | |
| Selling & Marketing Expenses | 0.00↓100.0% | 0.60 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 24↑30.1% | 19↓8.3% | 20↑12.3% | 18↑32.3% | 14 | |
| Other Expenses | 120 | 0.00↓100.0% | 0.41↓79.4% | 2↑167.7% | -3 | |
| Operating Expenses | 145↑673.6% | 19↓10.1% | 21↑3.1% | 20↑87.4% | 11 | |
| Total Costs & Expenses | 654↓6.2% | 697↓2.2% | 713↑2.5% | 695↑21.0% | 575 | |
| Operating Results | ||||||
| Operating Income | 314↑66.7% | 189↓56.6% | 435↓15.3% | 514↑2497.5% | 20 | |
| Depreciation & Amortization | 140↑3.2% | 136↑4.4% | 130↑5.0% | 124↑11.1% | 111 | |
| EBITDA | 433↑25.0% | 346↓46.1% | 642↓7.1% | 691↑3154.0% | 21 | |
| EBIT | 293↑39.1% | 211↓58.9% | 513↓9.7% | 568↑730.1% | -90 | |
| Interest & Other Income | ||||||
| Net Interest Income | -101↓2.4% | -99↓82.8% | -54↓37.3% | -39↑14.8% | -46 | |
| Interest Income | 0.20↓95.8% | 5↑101.2% | 2↑384.5% | 0.48↓59.4% | 1 | |
| Interest Expense | 102↓2.0% | 104↑84.3% | 56↑40.9% | 40↓15.9% | 47 | |
| Non-Operating Income | 21↑197.3% | -22↑71.6% | -77↓43.8% | -54↓289.8% | 28 | |
| Other Income / Expenses | -91↓19.5% | -76↓379.3% | 27↑93.9% | 14↑118.4% | -76 | |
| Income Before Tax | 224↑98.4% | 113↓75.6% | 462↓12.4% | 528↑483.6% | -138 | |
| Income Tax Expense | 0.55↑1.3% | 0.54↑42.7% | 0.38↓2.6% | 0.39↑196.9% | 0.13 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 223↑98.8% | 112↓75.7% | 462↓12.4% | 527↑483.0% | -138 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 223↑98.8% | 112↓75.7% | 462↓12.4% | 527↑483.0% | -138 | |
| Bottom-Line Net Income | 223↑98.8% | 112↓75.7% | 462↓12.4% | 527↑483.0% | -138 | |
| EPS (Basic) | 1.12↑100.0% | 0.56↓75.7% | 2.30↓16.1% | 2.74↑385.4% | -0.96 | |
| EPS (Diluted) | 1.12↑100.0% | 0.56↓75.7% | 2.30↓15.8% | 2.73↑384.4% | -0.96 | |
| Weighted Average Shares | 200↓0.0% | 200↓0.4% | 201↑4.3% | 192↑34.0% | 144 | |
| Weighted Average Diluted Shares | 200↓0.2% | 200↓0.4% | 201↑4.3% | 193↑34.4% | 144 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.