Key Figures

    Note 2018 2017 2016 2015 2014
               
Profit              
Operating revenues USD million   330.8 283.0 474.0 474.7 548.7
EBITDA USD million 1 166.6 122.9 253.2 262.9 312.6
Operating profit USD million   53.0 (578.2) 52.8 30.8 248.3
Net profit USD million   (114.5) (647.1) 172.6 (50.6) 178.8
Earnings per share (fully diluted) USD 2 (1.30) (7.35) 8.36 (21.00) 76.00
               
Balance sheet              
Total assets USD million   1 736.8 1 947.0 2 686.9 2 187.2 1 816.8
Interest-bearing debt USD million   1243.0 1347.7 1 390.8 1 247.0 830.1
Net interest-bearing debt USD million 3 1102.7 1115.8 1 185.1 1 189.9 707.7
Book equity USD million   400.2 497.6 1 129.5 715.2 748.5
Book equity ratio   4 23.0% 26.0% 42.0% 32.6% 41.2%
Liquidity reserve USD million 5 277.3 231.9 205.7 57.1 122.4
Net cash flow USD million   (91.6) 26.2 148.6 (65.3) 9
Net working capital  USD million   58.7  221.3 142.5  (157.1) 63
               
Valuation              
Market Capitalisation at year-end USD million   126.7 118.1 306 619 725
Share Price NOK 6 13.4 12 37 2 100 2 300
               
Operations              
Fleet utilisation rate     47.3% 38.4% 43.2% 70.1% 86.7%
               

  1. Operating profit before depreciation
  2. Net profit / Average number of outstanding and potential shares. EPS restated to reflect reverse split in 2016.
  3. Interest-bearing debt – Cash and deposits
  4. (Book equity / Total assets) * 100
  5. Cash and deposits + available liquidity reserve balance under a committed revolving credit facility
  6. Restated to reflect reverse split in 2016