INSW: financial statements from SEC

Income statement

Metric	31 Dec 2025	31 Dec 2024
Revenue	843M	952M
Selling, general and administrative	50M	53M
Operating expenses	498M	496M
Operating income	345M	455M
Pre-tax income	309M	416M
Income tax	−411,000	−1M
Net income	309M	417M
Earnings per share	6.27	8.45
Earnings per share, diluted	6.23	8.38
Weighted average shares	49M	49M
Weighted average shares, diluted	50M	50M

Metric	31 Mar 2026	31 Dec 2025	30 Sept 2025	30 Jun 2025	31 Mar 2025	31 Dec 2024	30 Sept 2024	30 Jun 2024
Cash and equivalents	142M	117M	413M	149M	133M	158M	103M	176M
Short-term investments	235M	50M	0	—	0	—	50M	0
Receivables	242M	178M	155M	150M	160M	186M	191M	223M
Inventory	5M	611,000	577,000	522,000	573,000	2M	378,000	2M
Current assets	666M	367M	592M	332M	327M	376M	372M	435M
Property, plant and equipment	1.99B	2.08B	1.95B	1.96B	2.00B	2.05B	2.05B	2.08B
Goodwill	7M	0	—	—	—	—	—	—
Total assets	2.87B	2.67B	2.79B	2.52B	2.54B	2.64B	2.59B	2.67B
Current liabilities	91M	99M	338M	350M	118M	131M	103M	112M
Short-term debt	28M	26M	282M	287M	50M	50M	50M	50M
Long-term debt	574M	541M	510M	260M	545M	638M	601M	663M
Total liabilities	677M	648M	856M	623M	674M	780M	713M	787M
Equity	2.19B	2.02B	1.93B	1.90B	1.87B	1.86B	1.87B	1.89B
Shares outstanding	50M	49M	49M	49M	49M	49M	49M	50M
Shares issued	50M	49M	49M	49M	49M	49M	49M	50M

Metric	31 Dec 2025	31 Dec 2024
Operating cash flow	380M	547M
Depreciation and amortisation	164M	149M
Share-based compensation	9M	9M
Investing cash flow	−141M	−155M
Dividends paid	145M	284M
Share buybacks	—	25M
Financing cash flow	−279M	−361M