KNIGHTSBRIDGE TANKERS LTD

EDGAR

Annual consolidated revenue for 2024: about USD 968.4M, using the latest reported figures. The previous period, 2023, was about USD 885.8M.

Watchlist

Latest quarter

Revenue

20.6 million USD

2014 Q2 · USD

Exact inputs and evidence

Operating margin

33%

2014 Q2 · %

Exact inputs and evidence
  • Operating Income: 6795000 USD Source
  • Revenue: 20593000 USD Source
Cash and cash equivalents
129 million USD Source
Exact value

129106000 USD

Long-term debt including current maturities
1.3 billion USD Source
Exact value

1302527000 USD

Shares outstanding
199 million shares Source
Exact value

199403293 shares

Reported share-count change

-0.11% · -225 thousand shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence
  • 199628293 shares · 2023-12-31· Source
  • 199403293 shares · 2024-12-31· Source

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2025-08-19.

Financial data available through: 2024-12-31.

Coverage by financial measure
  • Revenue: 11 of 11 periods available· newest 2024-12-31
  • Operating income: 11 of 11 periods available· newest 2024-12-31
  • Net income: 9 of 11 periods available· newest 2024-12-31
  • Operating cash flow: 11 of 11 periods available· newest 2024-12-31
  • Capital expenditure: 11 of 11 periods available· newest 2024-12-31
  • Total assets: 11 of 11 periods available· newest 2024-12-31
  • Total liabilities: 11 of 11 periods available· newest 2024-12-31
  • Current assets: 11 of 11 periods available· newest 2024-12-31
  • Current liabilities: 11 of 11 periods available· newest 2024-12-31
  • Cash and cash equivalents: 11 of 11 periods available· newest 2024-12-31
  • Long-term debt including current maturities: 11 of 11 periods available· newest 2024-12-31
  • Shares outstanding: 11 of 11 periods available· newest 2024-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    +9.3%

    Prior period

    USD 885.77 million

    –

    Current period

    USD 968.42 million

    –

    Exact inputs and evidence

    968420000 − 885767000 = 82653000 USD

    885767000 USD · 2023-01-01 – 2023-12-31

    Inspect prior input Prior source

    968420000 USD · 2024-01-01 – 2024-12-31

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  • Net income

    +98.8%

    Prior period

    USD 112.27 million

    –

    Current period

    USD 223.21 million

    –

    Exact inputs and evidence

    223214000 − 112268000 = 110946000 USD

    112268000 USD · 2023-01-01 – 2023-12-31

    Inspect prior input Prior source

    223214000 USD · 2024-01-01 – 2024-12-31

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  • Operating cash flow

    +37.2%

    Prior period

    USD 266.34 million

    –

    Current period

    USD 365.3 million

    –

    Exact inputs and evidence

    365298000 − 266337000 = 98961000 USD

    266337000 USD · 2023-01-01 – 2023-12-31

    Inspect prior input Prior source

    365298000 USD · 2024-01-01 – 2024-12-31

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  • Capital expenditure

    -99.1%

    Prior period

    USD 299.61 million

    –

    Current period

    USD 2.74 million

    –

    Exact inputs and evidence

    2744000 − 299612000 = -296868000 USD

    299612000 USD · 2023-01-01 – 2023-12-31

    Inspect prior input Prior source

    2744000 USD · 2024-01-01 – 2024-12-31

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Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2024 2024-01-01 – 2024-12-31

  • Revenue USD 968.42 million 100% of revenue
  • Operating costs Derived USD 654.08 million 68% of revenue
  • Operating income USD 314.34 million 32% of revenue
  • Tax, interest and other Derived USD 91.13 million 9.4% of revenue
  • Net income USD 223.21 million 23% of revenue

Cash

  • Operating cash flow USD 365.3 million 38% of revenue
  • Capital expenditure USD 2.74 million 0.3% of revenue
  • Free cash flow Derived USD 362.55 million 37% of revenue

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2015 Not shown: operating income or net income is not reported.
  • 2016 Operating loss: operating costs were 127% of revenue.
  • 2017 Net loss: net income was −0.5% of revenue.
  • 2018 13%9.2%78%
  • 2019 86%
  • 2020 Operating loss: operating costs were 110% of revenue.
  • 2021 Net income was higher than operating income, so the split is not drawn.
  • 2022 Net income was higher than operating income, so the split is not drawn.
  • 2023 13%79%
  • 2024 23%9.4%68%
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2015 2015-01-01 – 2015-12-31190238000 425151000 Derived -234913000 UnavailableUnavailable-14851000 Derived
Source
2016 2016-01-01 – 2016-12-31256863000 327121000 Derived -70258000 57453000 Derived -127711000 -22991000 Derived
Source
2017 2017-01-01 – 2017-12-31460023000 409948000 Derived 50075000 52423000 Derived -2348000 86377000 Derived
Source
2018 2018-01-01 – 2018-12-31656070000 511057000 Derived 145013000 60478000 Derived 84535000 176165000 Derived
Source
2019 2019-01-01 – 2019-12-31705799000 605143000 Derived 100656000 63467000 Derived 37189000 114313000 Derived
Source
2020 2020-01-01 – 2020-12-31607943000 669605000 Derived -61662000 76007000 Derived -137669000 115369000 Derived
Source
2021 2021-01-01 – 2021-12-311203181000 689573000 Derived 513608000 -13610000 Derived 527218000 267859000 Derived
Source
2022 2022-01-01 – 2022-12-311113456000 678369000 Derived 435087000 -26760000 Derived 461847000 498384000 Derived
Source
2023 2023-01-01 – 2023-12-31885767000 697155000 Derived 188612000 76344000 Derived 112268000 -33275000 Derived
Source
2024 2024-01-01 – 2024-12-31968420000 654079000 Derived 314341000 91127000 Derived 223214000 362554000 Derived
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 968.4M 2024
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.1.3B974.6M649.7M324.9M0.0201520202024
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2015Revenue190238000
2016Revenue256863000
2017Revenue460023000
2018Revenue656070000
2019Revenue705799000
2020Revenue607943000
2021Revenue1203181000
2022Revenue1113456000
2023Revenue885767000
2024Revenue968420000

Revenue growth

Change in revenue from the same financial period one year earlier.

9.3% 2024
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.107%73%39%4%-30%201520202024
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2015Year over year96.7%
2016Year over year35%
2017Year over year79.1%
2018Year over year42.6%
2019Year over year7.6%
2020Year over year-13.9%
2021Year over year97.9%
2022Year over year-7.5%
2023Year over year-20.4%
2024Year over year9.3%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin 32.5% 2024
Net margin 23% 2024
Free cash flow margin 37.4% 2024
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.58%9%-39%-88%-137%201520202024
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2015Operating margin-123.5%
2016Operating margin-27.4%
2017Operating margin10.9%
2018Operating margin22.1%
2019Operating margin14.3%
2020Operating margin-10.1%
2021Operating margin42.7%
2022Operating margin39.1%
2023Operating margin21.3%
2024Operating margin32.5%
2015-12-31Net marginNot reported
2016Net margin-49.7%
2017Net margin-0.5%
2018Net margin12.9%
2019Net margin5.3%
2020Net margin-22.6%
2021Net margin43.8%
2022Net margin41.5%
2023Net margin12.7%
2024Net margin23%
2015Free cash flow margin-7.8%
2016Free cash flow margin-9%
2017Free cash flow margin18.8%
2018Free cash flow margin26.9%
2019Free cash flow margin16.2%
2020Free cash flow margin19%
2021Free cash flow margin22.3%
2022Free cash flow margin44.8%
2023Free cash flow margin-3.8%
2024Free cash flow margin37.4%

Operating cash flow

Cash generated by the company’s normal business operations.

USD 365.3M 2024
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.607.1M437.9M268.8M99.7M-69.5M201520202024
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2015Operating cash flow-14827000
2016Operating cash flow-22797000
2017Operating cash flow93795000
2018Operating cash flow186546000
2019Operating cash flow158431000
2020Operating cash flow140640000
2021Operating cash flow560398000
2022Operating cash flow503387000
2023Operating cash flow266337000
2024Operating cash flow365298000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD 362.6M 2024
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.540.9M386.7M232.6M78.4M-75.8M201520202024
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2015Free cash flow-14851000
2016Free cash flow-22991000
2017Free cash flow86377000
2018Free cash flow176165000
2019Free cash flow114313000
2020Free cash flow115369000
2021Free cash flow267859000
2022Free cash flow498384000
2023Free cash flow-33275000
2024Free cash flow362554000

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

43.8% 2024
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.54%40%27%13%0%201520202024
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2015Liabilities / assets46.7%
2016Liabilities / assets47.5%
2017Liabilities / assets47.9%
2018Liabilities / assets48.4%
2019Liabilities / assets49%
2020Liabilities / assets49.7%
2021Liabilities / assets44.2%
2022Liabilities / assets41.1%
2023Liabilities / assets44.9%
2024Liabilities / assets43.8%

Current assets to current liabilities

Current assets divided by current liabilities.

1.22× 2024
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.7.43×5.57×3.71×1.86×0.00×201520202024
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2015Current assets / current liabilities2.54×
2016Current assets / current liabilities6.88×
2017Current assets / current liabilities2.45×
2018Current assets / current liabilities0.85×
2019Current assets / current liabilities1.42×
2020Current assets / current liabilities1.18×
2021Current assets / current liabilities1.49×
2022Current assets / current liabilities1.41×
2023Current assets / current liabilities1.23×
2024Current assets / current liabilities1.22×

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2015 2015-01-01 – 2015-12-31
Unavailable Not reported for this period.
−USD 14.83 million
Exact value

Exact value: -14827000 USD

2015-01-01 – 2015-12-31: -14827000 USD Inspect Operating Cash Flow Open source
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USD 24,000
Exact value

Exact value: 24000 USD

2015-01-01 – 2015-12-31: 24000 USD Inspect Capital Expenditure Open source
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−USD 14.85 million
Calculation and evidence

-14827000 − 24000 USD

Exact free cash flow: -14851000 USD

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2016 2016-01-01 – 2016-12-31
−USD 127.71 million
Exact value

Exact value: -127711000 USD

2016-01-01 – 2016-12-31: -127711000 USD Inspect Net Income Open source
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−USD 22.8 million
Exact value

Exact value: -22797000 USD

2016-01-01 – 2016-12-31: -22797000 USD Inspect Operating Cash Flow Open source
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USD 194,000
Exact value

Exact value: 194000 USD

2016-01-01 – 2016-12-31: 194000 USD Inspect Capital Expenditure Open source
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−USD 22.99 million
Calculation and evidence

-22797000 − 194000 USD

Exact free cash flow: -22991000 USD

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2017 2017-01-01 – 2017-12-31
−USD 2.35 million
Exact value

Exact value: -2348000 USD

2017-01-01 – 2017-12-31: -2348000 USD Inspect Net Income Open source
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USD 93.8 million
Exact value

Exact value: 93795000 USD

2017-01-01 – 2017-12-31: 93795000 USD Inspect Operating Cash Flow Open source
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USD 7.42 million
Exact value

Exact value: 7418000 USD

2017-01-01 – 2017-12-31: 7418000 USD Inspect Capital Expenditure Open source
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USD 86.38 million
Calculation and evidence

93795000 − 7418000 USD

Exact free cash flow: 86377000 USD

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2018 2018-01-01 – 2018-12-31
USD 84.54 million
Exact value

Exact value: 84535000 USD

2018-01-01 – 2018-12-31: 84535000 USD Inspect Net Income Open source
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USD 186.55 million
Exact value

Exact value: 186546000 USD

2018-01-01 – 2018-12-31: 186546000 USD Inspect Operating Cash Flow Open source
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USD 10.38 million
Exact value

Exact value: 10381000 USD

2018-01-01 – 2018-12-31: 10381000 USD Inspect Capital Expenditure Open source
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USD 176.17 million
Calculation and evidence

186546000 − 10381000 USD

Exact free cash flow: 176165000 USD

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2019 2019-01-01 – 2019-12-31
USD 37.19 million
Exact value

Exact value: 37189000 USD

2019-01-01 – 2019-12-31: 37189000 USD Inspect Net Income Open source
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USD 158.43 million
Exact value

Exact value: 158431000 USD

2019-01-01 – 2019-12-31: 158431000 USD Inspect Operating Cash Flow Open source
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USD 44.12 million
Exact value

Exact value: 44118000 USD

2019-01-01 – 2019-12-31: 44118000 USD Inspect Capital Expenditure Open source
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USD 114.31 million
Calculation and evidence

158431000 − 44118000 USD

Exact free cash flow: 114313000 USD

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2020 2020-01-01 – 2020-12-31
−USD 137.67 million
Exact value

Exact value: -137669000 USD

2020-01-01 – 2020-12-31: -137669000 USD Inspect Net Income Open source
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USD 140.64 million
Exact value

Exact value: 140640000 USD

2020-01-01 – 2020-12-31: 140640000 USD Inspect Operating Cash Flow Open source
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USD 25.27 million
Exact value

Exact value: 25271000 USD

2020-01-01 – 2020-12-31: 25271000 USD Inspect Capital Expenditure Open source
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USD 115.37 million
Calculation and evidence

140640000 − 25271000 USD

Exact free cash flow: 115369000 USD

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2021 2021-01-01 – 2021-12-31
USD 527.22 million
Exact value

Exact value: 527218000 USD

2021-01-01 – 2021-12-31: 527218000 USD Inspect Net Income Open source
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USD 560.4 million
Exact value

Exact value: 560398000 USD

2021-01-01 – 2021-12-31: 560398000 USD Inspect Operating Cash Flow Open source
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USD 292.54 million
Exact value

Exact value: 292539000 USD

2021-01-01 – 2021-12-31: 292539000 USD Inspect Capital Expenditure Open source
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USD 267.86 million
Calculation and evidence

560398000 − 292539000 USD

Exact free cash flow: 267859000 USD

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2022 2022-01-01 – 2022-12-31
USD 461.85 million
Exact value

Exact value: 461847000 USD

2022-01-01 – 2022-12-31: 461847000 USD Inspect Net Income Open source
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USD 503.39 million
Exact value

Exact value: 503387000 USD

2022-01-01 – 2022-12-31: 503387000 USD Inspect Operating Cash Flow Open source
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USD 5 million
Exact value

Exact value: 5003000 USD

2022-01-01 – 2022-12-31: 5003000 USD Inspect Capital Expenditure Open source
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USD 498.38 million
Calculation and evidence

503387000 − 5003000 USD

Exact free cash flow: 498384000 USD

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2023 2023-01-01 – 2023-12-31
USD 112.27 million
Exact value

Exact value: 112268000 USD

2023-01-01 – 2023-12-31: 112268000 USD Inspect Net Income Open source
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USD 266.34 million
Exact value

Exact value: 266337000 USD

2023-01-01 – 2023-12-31: 266337000 USD Inspect Operating Cash Flow Open source
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USD 299.61 million
Exact value

Exact value: 299612000 USD

2023-01-01 – 2023-12-31: 299612000 USD Inspect Capital Expenditure Open source
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−USD 33.28 million
Calculation and evidence

266337000 − 299612000 USD

Exact free cash flow: -33275000 USD

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2024 2024-01-01 – 2024-12-31
USD 223.21 million
Exact value

Exact value: 223214000 USD

2024-01-01 – 2024-12-31: 223214000 USD Inspect Net Income Open source
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USD 365.3 million
Exact value

Exact value: 365298000 USD

2024-01-01 – 2024-12-31: 365298000 USD Inspect Operating Cash Flow Open source
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USD 2.74 million
Exact value

Exact value: 2744000 USD

2024-01-01 – 2024-12-31: 2744000 USD Inspect Capital Expenditure Open source
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USD 362.55 million
Calculation and evidence

365298000 − 2744000 USD

Exact free cash flow: 362554000 USD

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Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

178 filings · 1,762 latest values · 1,762 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0001029145, 1029145, GOGL, edgar:1029145

Also known as GOLDEN OCEAN GROUP LIMITED, Golden Ocean Group Limited, Golden Ocean Group Ltd, KNIGHTSBRIDGE SHIPPING LTD, KNIGHTSBRIDGE TANKERS LTD, Knightsbridge Shipping Ltd