For the quarter ending 2026-03-31, INSW had $24,925K increase in cash & cash equivalents over the period.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Total adjusted income/(loss) from vessel operations of all segments | -3,295 | - | 211,238 | - |
| Other operating income | 1,900 | - | - | - |
| General and administrative expenses | -27,875 | - | 37,186 | - |
| Other operating expenses | -1,599 | - | 1,737 | - |
| Third-party debt modification fees | - | - | 0 | - |
| Gain on disposal of vessels and other assets, net | 53,263 | - | 34,908 | - |
| Consolidated income from vessel operations | 81,342 | - | 207,223 | - |
| Holding gain on previously held equity interest | 3,919 | - | - | - |
| Other income | -2,752 | - | 5,370 | - |
| Interest expense | -21,877 | - | 30,836 | - |
| Net income | 286,143 | 127,504 | 70,546 | 111,211 |
| Depreciation and amortization | 40,567 | 41,362 | 41,170 | 81,054 |
| Amortization of debt discount and other deferred financing costs | 1,261 | 1,282 | 1,014 | 1,966 |
| Deferred financing costs write-off | - | 1,761 | - | - |
| Stock compensation | 1,461 | 2,889 | 2,020 | 3,790 |
| Other - net | 529 | 155 | 240 | -206 |
| Gain on disposal of vessels and other assets, net | 88,171 | 7,629 | 13,658 | 21,250 |
| Loss on extinguishment of debt | - | -315 | - | - |
| Holding gain on previously held equity interest | 3,919 | - | - | - |
| Payments for drydocking | 13,850 | 21,030 | 19,730 | 43,451 |
| Insurance claims proceeds related to vessel operations | 95 | 926 | 1,043 | 871 |
| (increase)/decrease in receivables | 64,580 | 22,870 | 4,807 | -35,311 |
| Decrease in deferred revenue | -4,539 | 4,692 | -202 | -6,347 |
| Purchase of insurance contract in connection with settlement of pension plan obligations | - | - | 0 | - |
| Net change in inventories, prepaid expenses and other current assets, accounts payable, accrued expenses and other current and long-term liabilities | -12,878 | 16,954 | 1,169 | -7,635 |
| Net cash provided by operating activities | 141,061 | 146,001 | 78,325 | 155,726 |
| Expenditures for vessels, vessel improvements and vessels under construction | 70,655 | 151,934 | 87,668 | 100,878 |
| Security deposits returned for vessel exchange transactions | 0 | 0 | 0 | -5,000 |
| Pool working capital deposits | - | -400 | 0 | -250 |
| Proceeds from disposal of vessels and other property, net | 222,833 | 36,356 | 66,736 | 143,167 |
| Expenditures for other property | 319 | 814 | 74 | 553 |
| Cash consideration paid for the purchase of equity method investment, net of cash acquired | 4,493 | - | - | - |
| Investments in short-term time deposits | 225,000 | 50,000 | 0 | 0 |
| Proceeds from maturities of short-term time deposits | 40,000 | - | 0 | 0 |
| Net cash (used in)/provided by investing activities | -37,634 | -166,792 | -21,006 | 46,486 |
| Borrowings on nonrevolving credit facility debt | 42,604 | 40,719 | 290,775 | - |
| Repayments of debt | - | - | 0 | 0 |
| Repayments of nonrevolving credit facility debt | 1,019 | - | - | - |
| Borrowings on revolving credit facilities | 0 | 60,000 | 0 | 20,000 |
| Repayments on revolving credit facilities | 0 | 60,000 | 27,381 | 137,200 |
| Premium and fees on extinguishment of debt | - | 315 | - | - |
| Payments on sale and leaseback financing | 5,293 | 266,123 | 12,742 | 24,639 |
| Payments of deferred financing costs | 1,563 | 5,630 | 5,949 | 87 |
| Repurchases of common stock | - | - | 0 | - |
| Cash dividends paid | 106,435 | 42,484 | 38,012 | 64,115 |
| Cash paid to tax authority upon vesting or exercise of stock-based compensation | 6,796 | 1,023 | 248 | 4,870 |
| Net cash used in financing activities | -78,502 | -274,856 | 206,443 | -210,911 |
| Net increase/(decrease) in cash and cash equivalents | 24,925 | -295,647 | 263,762 | -8,699 |
| Cash and cash equivalents at beginning of year | 116,922 | 412,569 | 157,506 | - |
| Cash and cash equivalents at end of period | 141,847 | 116,922 | 412,569 | - |
International Seaways, Inc. (INSW)
International Seaways, Inc. (INSW)