Danaos Corporation (DAC)

Danaos Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	1,014	973.58	993.34	689.51	461.59
Revenue Growth (YoY)	4.16%	-1.99%	44.07%	49.38%	3.21%
Cost of Revenue	278.99	221.79	206.29	170.38	136.24
Gross Profit	735.12	751.79	787.06	519.13	325.35
Selling, General & Admin	55.28	44.37	44.38	43.95	24.34
Operating Expenses	203.62	173.66	178.65	160.87	125.87
Operating Income	531.5	578.14	608.4	358.26	199.48
Interest Expense	-29.82	-24.09	-65.76	-72.61	-57.13
Interest & Investment Income	22.17	13.19	169.99	46.57	6.64
Earnings From Equity Investments	-1.63	-3.99	-	68.03	6.31
Other Non Operating Income (Expenses)	-0.3	-4.4	-0.36	3.22	-1.74
EBT Excluding Unusual Items	521.92	558.85	712.27	403.46	153.55
Gain (Loss) on Sale of Investments	-25.18	17.87	-176.39	543.65	-
Gain (Loss) on Sale of Assets	8.33	1.64	37.23	-	-
Other Unusual Items	-	-2.05	4.35	111.62	-
Pretax Income	505.07	576.3	577.46	1,059	153.55
Income Tax Expense	-	-	18.25	5.89	-
Net Income	505.07	576.3	559.21	1,053	153.55
Net Income to Common	505.07	576.3	559.21	1,053	153.55
Net Income Growth	-12.36%	3.06%	-46.89%	585.67%	16.99%
Shares Outstanding (Basic)	19	20	20	20	24
Shares Outstanding (Diluted)	19	20	21	21	24
Shares Change (YoY)	-2.61%	-2.91%	-0.40%	-13.53%	46.76%
EPS (Basic)	26.15	28.99	27.30	51.75	6.51
EPS (Diluted)	26.05	28.95	27.28	51.15	6.45
EPS Growth	-10.02%	6.12%	-46.67%	693.02%	-20.27%
Free Cash Flow	-37.59	308.26	735.61	72.39	95.02
Free Cash Flow Per Share	-1.94	15.49	35.88	3.52	3.99
Dividend Per Share	3.300	3.100	3.000	2.250	-
Dividend Growth	6.45%	3.33%	33.33%	-	-
Gross Margin	72.49%	77.22%	79.23%	75.29%	70.48%
Operating Margin	52.41%	59.38%	61.25%	51.96%	43.21%
Profit Margin	49.80%	59.19%	56.30%	152.69%	33.27%
Free Cash Flow Margin	-3.71%	31.66%	74.05%	10.50%	20.59%
EBITDA	675.31	686.2	685.98	444.48	301.01
EBITDA Margin	66.59%	70.48%	69.06%	64.46%	65.21%
D&A For EBITDA	143.81	108.07	77.57	86.22	101.53
EBIT	531.5	578.14	608.4	358.26	199.48
EBIT Margin	52.41%	59.38%	61.25%	51.96%	43.21%
Effective Tax Rate	-	-	3.16%	0.56%	-

Updated Mar 5, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q