| In millions, except per share items | Dec-31-20 | Dec-31-19 | Dec-31-18 | Mar-31-18 | Dec-31-17 | Dec-31-16 |
| | 10-K | 10-K | 8-K | 10-K | S-1 | S-1 |
| Revenues: |
| Product Carriers | 360.3 | 367.0 | | 186.1 | | |
| Crude Tankers | 235.6 | 212.8 | | 116.8 | | |
| Voyage revenue | | | 368.6 | | | |
| Total revenues | 595.9 | 579.8 | 368.6 | 302.9 | 97.8 | 101.5 |
| Revenue growth [+] | 2.8% | 57.3% | 276.9% | | -3.6% | |
| Product Carriers | -1.8% | | | | | |
| Crude Tankers | 10.7% | | | | | |
| Cost of goods sold | 188.6 | 249.8 | 0.0 | 89.9 | 106.8 | 92.6 |
| Gross profit | 407.3 | 330.0 | 368.6 | 213.0 | -9.0 | 8.9 |
| Gross margin | 68.4% | 56.9% | 100.0% | 70.3% | -9.2% | 8.8% |
| Selling, general and administrative [+] | 30.0 | 26.8 | 16.2 | 14.6 | 4.0 | 4.0 |
| General and administrative | 30.0 | 26.8 | 16.2 | 14.6 | 4.0 | 4.0 |
| Other operating expenses | 200.7 | 155.6 | 315.7 | 110.7 | -38.7 | -30.6 |
| EBITDA [+] | 179.4 | 150.0 | 36.7 | 88.0 | | |
| EBITDA growth | 19.5% | 309.0% | 43.1% | | -28.0% | |
| EBITDA margin | 30.1% | 25.9% | 10.0% | 29.0% | 26.2% | 35.1% |
| Depreciation | 115.8 | 108.7 | 88.2 | 86.6 | | |
| EBITA | 63.6 | 41.3 | -51.5 | 1.3 | 25.6 | 35.6 |
| EBITA margin | 10.7% | 7.1% | -14.0% | 0.4% | 26.2% | 35.1% |
| Amortization of intangibles | 2.8 | 2.4 | | 0.2 | | |
| EBIT [+] | 60.8 | 38.9 | -51.5 | 1.1 | 25.6 | 35.6 |
| EBIT growth | 56.1% | -175.7% | -300.7% | | -28.0% | |
| EBIT margin | 10.2% | 6.7% | -14.0% | 0.4% | 26.2% | 35.1% |
| Interest expense | 34.7 | 46.8 | 36.7 | 33.8 | 0.6 | 0.1 |
| Interest expense | 34.7 | 46.8 | 36.7 | 33.8 | 0.6 | 0.1 |
| Other income (expense), net [+] | 0.3 | -2.3 | 1.6 | 1.3 | -0.3 | 0.1 |
| Gain (loss) on debt retirement | | -4.0 | | | | |
| Other non-operating income | 0.3 | 1.7 | | 1.3 | | |
| Other | -0.3 | -1.7 | -1.6 | -1.3 | 0.3 | -0.1 |
| Pre-tax income | 26.4 | -10.1 | -86.6 | -31.3 | 24.7 | 35.6 |
| Income taxes | 3.1 | -0.8 | 0.0 | -0.8 | 0.0 | 0.0 |
| Tax rate | 11.7% | 7.7% | 0.0% | 2.5% | 0.0% | 0.0% |
| Minority interest | 3.1 | -0.8 | -0.5 | -0.8 | | |
| Net income | 23.3 | -9.3 | -86.1 | -30.6 | 24.7 | 35.6 |
| Net margin | 3.9% | -1.6% | -23.4% | -10.1% | 25.3% | 35.1% |
| |
| Basic EPS [+] | $0.58 | ($0.25) | ($3.17) | ($1.12) | | |
| Growth | -331.5% | -92.0% | | | | |
| Diluted EPS [+] | $0.58 | ($0.25) | ($3.17) | ($1.12) | | |
| Growth | -330.2% | -92.0% | | | | |
| |
| Shares outstanding (basic) [+] | 39.9 | 36.9 | 27.2 | 27.2 | | |
| Growth | 8.2% | 35.7% | | | | |
| Shares outstanding (diluted) [+] | 40.1 | 36.9 | 27.2 | 27.2 | | |
| Growth | 8.9% | 35.7% | | | | |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |