Nordic Historical Income Statement

NAT Stock

USD 2.64 0.03 1.12%

Historical analysis of Nordic American income statement accounts such as Total Revenue of 473 M can show how well Nordic American Tankers performed in making a profits. Evaluating Nordic American income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Nordic American's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining Nordic American Tankers latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Nordic American Tankers is a good buy for the upcoming year.

Net Income Gross Profit

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nordic American Tankers. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

About Nordic Income Statement Analysis

Nordic American Tankers Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Nordic American shareholders. The income statement also shows Nordic investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Nordic American Income Statement Chart

At this time, Nordic American's Income Before Tax is comparatively stable compared to the past year. Net Income is likely to gain to about 93.3 M in 2025, despite the fact that Total Other Income Expense Net is likely to grow to (24.8 M).

Selling General Administrative Other Operating Expenses Ebitda Total Operating Expenses Tax Provision

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Nordic American Tankers. It is also known as Nordic American overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Total Operating Expenses

The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.

Tax Provision

The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.

Most accounts from Nordic American's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Nordic American Tankers current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nordic American Tankers. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

	2022	2023	2024	2025 (projected)
Interest Income	27.1M	1.1M	1.0M	979.0K
Tax Provision	23K	120K	108K	62.0K

Interest Income Tax Provision

Nordic American income statement Correlations

	Depreciation And Amortization	Interest Expense	Selling General Administrative	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Cost Of Revenue	Net Income From Continuing Ops	Tax Provision	Interest Income	Non Recurring	Net Interest Income	Reconciled Depreciation
Depreciation And Amortization		-0.01	0.09	0.36	-0.17	0.75	-0.17	-0.34	-0.12	0.02	-0.18	0.18	-0.23	0.04	0.7	-0.15	0.09	0.08	0.21	0.13	0.32
Interest Expense	-0.01		0.68	0.65	0.45	0.39	0.33	0.42	0.48	-0.17	0.3	-0.35	0.33	-0.49	0.42	0.48	-0.4	0.17	-0.45	-0.85	-0.89
Selling General Administrative	0.09	0.68		0.59	0.56	0.24	0.42	0.49	0.59	0.3	0.35	-0.58	0.38	-0.01	0.19	0.58	-0.14	-0.34	-0.66	-0.36	-0.72
Total Revenue	0.36	0.65	0.59		0.7	0.66	0.72	0.65	0.78	-0.22	0.67	-0.28	0.66	-0.57	0.68	0.76	-0.08	-0.2	-0.46	-0.34	-0.51
Gross Profit	-0.17	0.45	0.56	0.7		0.0	0.93	0.91	0.93	0.1	0.95	-0.35	0.95	-0.22	0.0	0.94	0.11	-0.53	-0.59	-0.18	-0.52
Other Operating Expenses	0.75	0.39	0.24	0.66	0.0		0.05	-0.01	0.15	-0.22	-0.01	0.0	-0.03	-0.45	0.98	0.12	-0.1	0.24	0.16	-0.25	-0.16
Operating Income	-0.17	0.33	0.42	0.72	0.93	0.05		0.89	0.9	-0.14	0.96	-0.38	0.95	-0.38	0.1	0.89	0.16	-0.51	-0.5	-0.07	-0.43
Ebit	-0.34	0.42	0.49	0.65	0.91	-0.01	0.89		0.97	-0.05	0.91	-0.42	0.89	-0.39	0.02	0.93	0.05	-0.53	-0.5	-0.19	-0.57
Ebitda	-0.12	0.48	0.59	0.78	0.93	0.15	0.9	0.97		-0.02	0.91	-0.41	0.88	-0.39	0.17	0.95	0.06	-0.56	-0.58	-0.17	-0.55
Total Operating Expenses	0.02	-0.17	0.3	-0.22	0.1	-0.22	-0.14	-0.05	-0.02		-0.13	0.01	-0.11	0.74	-0.42	-0.03	0.09	-0.19	-0.12	0.15	0.04
Income Before Tax	-0.18	0.3	0.35	0.67	0.95	-0.01	0.96	0.91	0.91	-0.13		-0.29	0.99	-0.34	0.03	0.91	0.15	-0.55	-0.44	-0.03	-0.37
Total Other Income Expense Net	0.18	-0.35	-0.58	-0.28	-0.35	0.0	-0.38	-0.42	-0.41	0.01	-0.29		-0.33	0.15	-0.02	-0.37	0.24	0.45	0.33	0.15	0.53
Net Income	-0.23	0.33	0.38	0.66	0.95	-0.03	0.95	0.89	0.88	-0.11	0.99	-0.33		-0.32	0.01	0.92	0.13	-0.55	-0.46	-0.05	-0.4
Income Tax Expense	0.04	-0.49	-0.01	-0.57	-0.22	-0.45	-0.38	-0.39	-0.39	0.74	-0.34	0.15	-0.32		-0.58	-0.31	0.2	-0.11	0.13	0.36	0.36
Cost Of Revenue	0.7	0.42	0.19	0.68	0.0	0.98	0.1	0.02	0.17	-0.42	0.03	-0.02	0.01	-0.58		0.14	-0.12	0.25	0.13	-0.28	-0.17
Net Income From Continuing Ops	-0.15	0.48	0.58	0.76	0.94	0.12	0.89	0.93	0.95	-0.03	0.91	-0.37	0.92	-0.31	0.14		0.06	-0.49	-0.54	-0.18	-0.56
Tax Provision	0.09	-0.4	-0.14	-0.08	0.11	-0.1	0.16	0.05	0.06	0.09	0.15	0.24	0.13	0.2	-0.12	0.06		-0.48	0.11	0.4	0.4
Interest Income	0.08	0.17	-0.34	-0.2	-0.53	0.24	-0.51	-0.53	-0.56	-0.19	-0.55	0.45	-0.55	-0.11	0.25	-0.49	-0.48		0.4	-0.47	-0.08
Non Recurring	0.21	-0.45	-0.66	-0.46	-0.59	0.16	-0.5	-0.5	-0.58	-0.12	-0.44	0.33	-0.46	0.13	0.13	-0.54	0.11	0.4		0.16	0.46
Net Interest Income	0.13	-0.85	-0.36	-0.34	-0.18	-0.25	-0.07	-0.19	-0.17	0.15	-0.03	0.15	-0.05	0.36	-0.28	-0.18	0.4	-0.47	0.16		0.79
Reconciled Depreciation	0.32	-0.89	-0.72	-0.51	-0.52	-0.16	-0.43	-0.57	-0.55	0.04	-0.37	0.53	-0.4	0.36	-0.17	-0.56	0.4	-0.08	0.46	0.79

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Nordic American Account Relationship Matchups

Nordic American income statement Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Depreciation And Amortization	67.8M	68.4M	50.4M	51.4M	59.1M	48.7M
Interest Expense	31.5M	26.4M	27.1M	30.5M	35.1M	36.8M
Selling General Administrative	17.6M	15.6M	18.8M	22.9M	26.3M	27.6M
Total Revenue	354.6M	195.8M	339.3M	391.7M	450.4M	473.0M
Gross Profit	98.8M	(68.5M)	55.0M	150.8M	173.4M	182.1M
Other Operating Expenses	273.4M	279.9M	303.2M	263.8M	303.4M	178.5M
Operating Income	13.7M	(92.6M)	41.9M	127.9M	115.1M	120.9M
Ebit	81.4M	(93.0M)	42.2M	127.9M	115.1M	120.9M
Ebitda	149.3M	(24.7M)	92.6M	179.3M	206.2M	216.5M
Total Operating Expenses	17.6M	15.6M	18.8M	22.9M	26.3M	29.1M
Income Before Tax	50.0M	(119.4M)	15.1M	98.8M	88.9M	93.4M
Total Other Income Expense Net	(31.1M)	(26.9M)	(26.7M)	(29.1M)	(26.2M)	(24.8M)
Net Income	50.0M	(119.5M)	15.1M	98.7M	88.8M	93.3M
Income Tax Expense	64K	59K	(289K)	120K	108K	102.6K
Cost Of Revenue	255.8M	264.3M	284.4M	240.9M	277.0M	168.1M
Net Income Applicable To Common Shares	(10.4M)	50.0M	(119.4M)	15.1M	13.6M	14.3M
Net Income From Continuing Ops	50.0M	(119.4M)	15.1M	117.2M	134.8M	141.6M
Tax Provision	64K	59K	23K	120K	108K	62.0K
Interest Income	96K	26.4M	27.1M	1.1M	1.0M	979.0K
Net Interest Income	(31.2M)	(26.9M)	(26.8M)	(29.8M)	(26.8M)	(28.1M)
Reconciled Depreciation	67.8M	68.4M	50.4M	51.4M	46.3M	53.0M

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Nordic Historical Income Statement

About Nordic Income Statement Analysis

Nordic American Income Statement Chart

Other Operating Expenses

Total Operating Expenses

Tax Provision

Nordic American income statement Correlations

Nordic American Account Relationship Matchups

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Nordic American income statement Accounts

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Net Income	+ 0.99	Income Before Tax
Cost Of Revenue	+ 0.98	Other Operating Expenses
Ebitda	+ 0.97	Ebit
Income Before Tax	+ 0.96	Operating Income
Income Before Tax	+ 0.95	Gross Profit
Net Income	+ 0.95	Gross Profit

Reconciled Depreciation	- 0.89	Interest Expense
Net Interest Income	- 0.85	Interest Expense
Reconciled Depreciation	- 0.72	Selling General Administrative
Non Recurring	- 0.66	Selling General Administrative
Non Recurring	- 0.59	Gross Profit
Cost Of Revenue	- 0.58	Income Tax Expense