OceanFreight Inc. · Athens Greece
Key OceanFreight Inc. Financials
| Company Type | Subsidiary -
|
|---|
| Fiscal Year-End | December |
|---|
| 2009 Sales (mil.) | $133.5 |
|---|
| 2010 Employees | 6 |
|---|
For a Hoover's Free Trial, Call
(866) 444-8642
or
Chat Now
OceanFreight Inc. Income Statement
| Dec 09 | Dec 08 | Dec 07 |
| Revenue | 133.5 | 157.4 | 41.1 |
| Cost of Goods Sold | 49.5 | 43.3 | 2.0 |
| Gross Profit | 84.0 | 114.2 | 39.2 |
| Gross Profit Margin | 62.9% | 72.5% | 95.2% |
| SG&A Expense | 14.1 | 9.9 | 3.5 |
| Depreciation & Amortization | 48.3 | 43.7 | 13.2 |
| Operating Income | (164.2) | 60.7 | 11.6 |
| Operating Margin | -123% | 38.5% | 28.2% |
| Nonoperating Income | 5.1 | (16.1) | 0.0 |
| Nonoperating Expenses | (19.6) | (16.8) | -- |
| Income Before Taxes | -- | -- | -- |
| Income Taxes | -- | -- | -- |
| Net Income After Taxes | 0.0 | 0.0 | 0.0 |
| Continuing Operations | (178.7) | 27.7 | 8.2 |
| Discontinued Operations | -- | -- | -- |
| Total Operations | (178.7) | 27.7 | 8.2 |
| Total Net Income | (178.7) | 27.7 | 8.2 |
| Net Profit Margin | -133.8% | 17.6% | 19.8% |
| Diluted EPS from Total Net Income | (136.20) | 116.40 | 46.80 |
| Dividends per Share | 0.0 | 184.80 | 54.15 |
All amounts in millions of US Dollars except per share amounts.
OceanFreight Inc. Balance Sheet
| Assets | Dec 09 | Dec 08 | Dec 07 |
| Current Assets |
| Cash | 37.3 | 23.1 | 19.0 |
| Net Receivables | 2.3 | 2.1 | 0.2 |
| Inventories | 1.2 | 1.3 | 0.7 |
| Other Current Assets | 59.6 | 2.2 | 0.8 |
| Total Current Assets | 100.3 | 28.7 | 20.7 |
| Net Fixed Assets | 434.0 | 587.3 | 485.3 |
| Other Noncurrent Assets | 15.0 | 9.5 | 1.9 |
| Total Assets | 549.3 | 625.6 | 507.9 |
| Liabilities | Dec 09 | Dec 08 | Dec 07 |
| Current Liabilities |
| Accounts Payable | 1.1 | 26.8 | 2.4 |
| Short-Term Debt | 49.9 | 60.9 | 16.0 |
| Other Current Liabilities | 22.3 | 28.7 | 15.5 |
| Total Current Liabilities | 73.3 | 116.4 | 33.9 |
| Long-Term Debt | 215.7 | 247.1 | 244.6 |
| Other Noncurrent Liabilities | 3.6 | 15.1 | 16.0 |
| Total Liabilities | 292.7 | 378.6 | 294.5 |
| Shareholder's Equity |
| Preferred Stock Equity | 0.0 | 0.0 | 0.0 |
| Common Stock Equity | 256.6 | 247.0 | 213.4 |
| Total Equity | 256.6 | 247.0 | 213.4 |
| Shares Outstanding (thou.) | 2,640.8 | 309.1 | 241.0 |
All amounts in millions of US Dollars except per share amounts.
OceanFreight Inc. Cash Flow Statement
| Dec 09 | Dec 08 | Dec 07 |
| Net Operating Cash Flow | 27 | 82 | 24 |
| Net Investing Cash Flow | (130.8) | (120.7) | (467.2) |
| Net Financing Cash Flow | 118.4 | 42.4 | 461.3 |
| Net Change in Cash | 14.2 | 4.0 | 18.5 |
| Depreciation & Amortization | 48.3 | 43.7 | 13.2 |
| Capital Expenditures | (190.4) | (120.5) | 0.0 |
| Cash Dividends Paid | 0.0 | (47.8) | (13.0) |
All amounts in millions of US Dollars except per share amounts.
