Safe Historical Income Statement

SB Stock

USD 3.87 0.03 0.78%

Historical analysis of Safe Bulkers income statement accounts such as Gross Profit of 82.6 M, Other Operating Expenses of 117 M or Operating Income of 63.1 M can show how well Safe Bulkers performed in making a profits. Evaluating Safe Bulkers income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Safe Bulkers'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 Safe Bulkers 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 Safe Bulkers is a good buy for the upcoming year.

Net Income Gross Profit

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Safe Bulkers. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

For information on how to trade Safe Stock refer to our How to Trade Safe Stock guide.

About Safe Income Statement Analysis

Safe Bulkers 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 Safe Bulkers shareholders. The income statement also shows Safe 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).

Safe Bulkers Income Statement Chart

At present, Safe Bulkers' Total Operating Expenses is projected to increase significantly based on the last few years of reporting. The current year's Net Income Applicable To Common Shares is expected to grow to about 154.6 M, whereas Depreciation And Amortization is forecasted to decline to about 40.1 M.

Selling General Administrative Total Revenue Gross Profit Other Operating Expenses Total Operating Expenses

Total Revenue

Total revenue comprises all receipts Safe Bulkers generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Safe Bulkers minus its cost of goods sold. It is profit before Safe Bulkers operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Safe Bulkers. It is also known as Safe Bulkers 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.

Most accounts from Safe Bulkers' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Safe Bulkers 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Safe Bulkers. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

For information on how to trade Safe Stock refer to our How to Trade Safe Stock guide.At present, Safe Bulkers' Total Operating Expenses is projected to increase significantly based on the last few years of reporting. The current year's Net Income Applicable To Common Shares is expected to grow to about 154.6 M, whereas Depreciation And Amortization is forecasted to decline to about 40.1 M.

	2021	2022	2023	2024 (projected)
Interest Expense	14.7M	17.1M	27.9M	16.4M
Depreciation And Amortization	52.4M	49.5M	54.1M	40.1M

Interest Expense Depreciation And Amortization

Safe Bulkers income statement Correlations

	Depreciation And Amortization	Interest Expense	Selling General Administrative	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Selling And Marketing Expenses	Net Income From Continuing Ops	Non Recurring	Interest Income	Minority Interest	Net Interest Income	Reconciled Depreciation
Depreciation And Amortization		0.75	0.93	0.46	-0.14	0.95	-0.44	-0.19	-0.03	0.94	0.1	-0.32	-0.4	-0.29	-0.3	-0.06	-0.25	0.59	-0.04	0.37	0.18	0.05
Interest Expense	0.75		0.79	0.31	-0.16	0.72	-0.33	-0.1	0.02	0.73	0.1	-0.33	-0.49	-0.34	-0.03	-0.2	-0.28	0.76	0.07	0.45	-0.12	0.0
Selling General Administrative	0.93	0.79		0.7	0.15	0.97	-0.15	0.15	0.31	0.93	0.3	-0.02	-0.3	0.01	-0.47	-0.18	0.06	0.77	-0.18	0.57	0.12	0.1
Total Revenue	0.46	0.31	0.7		0.79	0.6	0.53	0.76	0.85	0.55	0.42	0.67	0.06	0.69	-0.75	-0.2	0.72	0.64	-0.35	0.61	0.32	0.07
Gross Profit	-0.14	-0.16	0.15	0.79		0.0	0.86	0.97	0.96	-0.06	0.46	0.94	0.28	0.92	-0.59	-0.05	0.93	0.27	-0.2	0.32	0.34	-0.09
Other Operating Expenses	0.95	0.72	0.97	0.6	0.0		-0.28	-0.01	0.14	0.99	0.2	-0.14	-0.27	-0.1	-0.47	-0.12	-0.07	0.66	-0.24	0.51	0.12	0.13
Operating Income	-0.44	-0.33	-0.15	0.53	0.86	-0.28		0.87	0.81	-0.3	0.17	0.94	0.6	0.9	-0.25	-0.14	0.93	0.0	-0.16	0.26	-0.09	-0.09
Ebit	-0.19	-0.1	0.15	0.76	0.97	-0.01	0.87		0.98	-0.07	0.5	0.94	0.3	0.93	-0.57	-0.1	0.94	0.34	-0.25	0.38	0.21	-0.04
Ebitda	-0.03	0.02	0.31	0.85	0.96	0.14	0.81	0.98		0.08	0.52	0.9	0.23	0.9	-0.63	-0.18	0.92	0.47	-0.29	0.47	0.22	0.02
Cost Of Revenue	0.94	0.73	0.93	0.55	-0.06	0.99	-0.3	-0.07	0.08		0.05	-0.17	-0.25	-0.12	-0.45	-0.11	-0.1	0.63	-0.25	0.52	0.1	0.14
Total Operating Expenses	0.1	0.1	0.3	0.42	0.46	0.2	0.17	0.5	0.52	0.05		0.28	-0.14	0.28	-0.35	0.15	0.28	0.31	0.0	0.06	0.17	-0.16
Income Before Tax	-0.32	-0.33	-0.02	0.67	0.94	-0.14	0.94	0.94	0.9	-0.17	0.28		0.54	0.99	-0.54	-0.09	0.99	0.11	-0.27	0.29	0.14	-0.02
Total Other Income Expense Net	-0.4	-0.49	-0.3	0.06	0.28	-0.27	0.6	0.3	0.23	-0.25	-0.14	0.54		0.55	-0.01	0.17	0.51	-0.45	-0.04	-0.16	-0.44	-0.24
Net Income	-0.29	-0.34	0.01	0.69	0.92	-0.1	0.9	0.93	0.9	-0.12	0.28	0.99	0.55		-0.61	-0.08	0.98	0.12	-0.36	0.32	0.19	0.03
Income Tax Expense	-0.3	-0.03	-0.47	-0.75	-0.59	-0.47	-0.25	-0.57	-0.63	-0.45	-0.35	-0.54	-0.01	-0.61		0.06	-0.56	-0.44	0.59	-0.45	-0.58	-0.26
Selling And Marketing Expenses	-0.06	-0.2	-0.18	-0.2	-0.05	-0.12	-0.14	-0.1	-0.18	-0.11	0.15	-0.09	0.17	-0.08	0.06		-0.2	-0.47	0.59	-0.69	0.27	-0.75
Net Income From Continuing Ops	-0.25	-0.28	0.06	0.72	0.93	-0.07	0.93	0.94	0.92	-0.1	0.28	0.99	0.51	0.98	-0.56	-0.2		0.19	-0.33	0.37	0.12	0.06
Non Recurring	0.59	0.76	0.77	0.64	0.27	0.66	0.0	0.34	0.47	0.63	0.31	0.11	-0.45	0.12	-0.44	-0.47	0.19		-0.28	0.64	0.1	0.27
Interest Income	-0.04	0.07	-0.18	-0.35	-0.2	-0.24	-0.16	-0.25	-0.29	-0.25	0.0	-0.27	-0.04	-0.36	0.59	0.59	-0.33	-0.28		-0.72	-0.08	-0.79
Minority Interest	0.37	0.45	0.57	0.61	0.32	0.51	0.26	0.38	0.47	0.52	0.06	0.29	-0.16	0.32	-0.45	-0.69	0.37	0.64	-0.72		0.0	0.62
Net Interest Income	0.18	-0.12	0.12	0.32	0.34	0.12	-0.09	0.21	0.22	0.1	0.17	0.14	-0.44	0.19	-0.58	0.27	0.12	0.1	-0.08	0.0		0.02
Reconciled Depreciation	0.05	0.0	0.1	0.07	-0.09	0.13	-0.09	-0.04	0.02	0.14	-0.16	-0.02	-0.24	0.03	-0.26	-0.75	0.06	0.27	-0.79	0.62	0.02

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Safe Bulkers Account Relationship Matchups

Safe Bulkers income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	50.3M	54.3M	52.4M	49.5M	54.1M	40.1M
Interest Expense	26.8M	21.2M	14.7M	17.1M	27.9M	16.4M
Selling General Administrative	20.6M	21.5M	22.5M	21.8M	23.8M	16.2M
Total Revenue	197.8M	198.2M	329.0M	349.7M	284.4M	208.7M
Gross Profit	65.2M	32.2M	194.9M	210.0M	119.4M	82.6M
Other Operating Expenses	153.6M	187.4M	156.7M	165.1M	180.3M	117.0M
Operating Income	44.1M	(45.6M)	116.4M	132.6M	104.1M	63.1M
Ebit	43.1M	10.5M	179.8M	184.6M	102.1M	58.9M
Ebitda	93.4M	64.7M	232.2M	234.2M	156.2M	121.2M
Cost Of Revenue	132.6M	165.9M	134.2M	139.7M	165.0M	97.4M
Total Operating Expenses	21.1M	21.5M	22.5M	25.4M	15.3M	15.5M
Income Before Tax	16.0M	(12.9M)	174.3M	172.6M	77.4M	61.0M
Total Other Income Expense Net	(28.0M)	(23.4M)	(17.1M)	(12.1M)	(26.8M)	(28.1M)
Net Income Applicable To Common Shares	4.3M	(25.3M)	163.6M	163.6M	147.2M	154.6M
Net Income	(10.8M)	20.4M	174.3M	172.6M	77.4M	56.0M
Income Tax Expense	26.8M	(33.3M)	(37.6M)	(49.5M)	1.0	0.95
Net Income From Continuing Ops	16.0M	(12.9M)	174.3M	172.6M	84.6M	88.8M
Interest Income	27.3M	604K	16.3M	10.7M	2.2M	2.0M
Net Interest Income	(27.9M)	(23.0M)	(18.3M)	(19.7M)	(24.8M)	(26.0M)
Reconciled Depreciation	50.3M	54.3M	52.4M	49.5M	54.1M	56.6M

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Is Marine Transportation space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Safe Bulkers. If investors know Safe will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Safe Bulkers listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.853

Dividend Share

0.05

Earnings Share

0.9

Revenue Per Share

2.924

Quarterly Revenue Growth

0.174

The market value of Safe Bulkers is measured differently than its book value, which is the value of Safe that is recorded on the company's balance sheet. Investors also form their own opinion of Safe Bulkers' value that differs from its market value or its book value, called intrinsic value, which is Safe Bulkers' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Safe Bulkers' market value can be influenced by many factors that don't directly affect Safe Bulkers' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Safe Bulkers' value and its price as these two are different measures arrived at by different means. Investors typically determine if Safe Bulkers is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Safe Bulkers' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Safe Historical Income Statement

About Safe Income Statement Analysis

Safe Bulkers Income Statement Chart

Total Revenue

Gross Profit

Other Operating Expenses

Total Operating Expenses

Safe Bulkers income statement Correlations

Safe Bulkers Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Safe Bulkers income statement Accounts

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COMMON DESTINATIONS

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Cost Of Revenue	+ 0.99	Other Operating Expenses
Net Income	+ 0.99	Income Before Tax
Net Income From Continuing Ops	+ 0.99	Income Before Tax
Ebitda	+ 0.98	Ebit
Net Income From Continuing Ops	+ 0.98	Net Income
Other Operating Expenses	+ 0.97	Selling General Administrative

Reconciled Depreciation	- 0.79	Interest Income
Reconciled Depreciation	- 0.75	Selling And Marketing Expenses
Income Tax Expense	- 0.75	Total Revenue
Minority Interest	- 0.72	Interest Income
Minority Interest	- 0.69	Selling And Marketing Expenses
Income Tax Expense	- 0.63	Ebitda