International Seaways Inc. Receivables

Receivables of INSW for past 10 years: annual, quarterly and twelve month trailing (TTM) including Receivables growth rates and interactive chart. Accounts receivable (AR) is the balance of money due to a firm for goods or services delivered or used but not yet paid for by customers. Accounts receivables are listed on the balance sheet as a current asset. AR is any amount of money owed by customers for purchases made on credit. When a company makes a sale, it records revenues and a corresponding balance in accounts receivable. When an invoice is paid, the accounts payable account is reduced and cash is received. Receivables should grow in-line with revenue over time, if they are growing much faster, a company might be booking revenue too aggressively.

Highlights and Quick Summary

  • Receivables for the quarter ending March 30, 2021 was $53.6 Million (a 11.61% increase compared to previous quarter)
  • Year-over-year quarterly Receivables decreased by -49.46%
  • Annual Receivables for 2020 was $48 Million (a -45.45% decrease from previous year)
  • Annual Receivables for 2019 was $88 Million (a -12.0% decrease from previous year)
  • Annual Receivables for 2018 was $100 Million (a 58.73% increase from previous year)
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Historical Receivables of International Seaways Inc.

Most recent Receivablesof INSW including historical data for past 10 years.

Interactive Chart of Receivables of International Seaways Inc.

International Seaways Inc. Receivables for the past 10 Years (both Annual and Quarterly)

(All values are in $ million)

Year Q1 Q2 Q3 Q4 Fiscal Year
2021 $53.57
2020 $48.0 $76.0 $106.0 $110.0 $48.0
2019 $88.0 $79.57 $80.04 $99.69 $88.0
2018 $99.87 $79.07 $72.8 $53.32 $100.0
2017 $62.6 $63.37 $66.45 $71.31 $63.0
2016 $72.22 $53.04 $54.18 $72.0
2015 $79.42
2014 $94.36 $94.36

Business Profile of International Seaways Inc.

Sector: Industrials
Industry: Marine Shipping
International Seaways, Inc. owns and operates a fleet of oceangoing vessels for the transportation of crude oil and petroleum products in the International Flag trade. It operates through two segments, Crude Tankers and Product Carriers. As of March 12, 2021, the company owned and operated a fleet of 36 vessels, including 11 very large crude carriers, 2 Suezmaxes, 4 Aframaxes/LR2s, 13 Panamaxes/LR1s, and 4 medium range tankers, as well as had ownership interests in two floating storage and offloading service vessels. It serves independent and state-owned oil companies, oil traders, refinery operators, and international government entities. The company was formerly known as OSG International, Inc. and changed its name to International Seaways, Inc. in October 2016. The company was incorporated in 1999 and is headquartered in New York, New York.