International Seaways Inc. Income Tax Provision

Income Tax Provision of INSW for past 10 years: annual, quarterly and twelve month trailing (TTM) including Income Tax Provision growth rates and interactive chart. The actual income tax expense for the applicable year.


Highlights and Quick Summary

  • Income Tax Provision for the quarter ending December 30, 2020 was $2 Thousand (a 100.0% increase compared to previous quarter)
  • Year-over-year quarterly Income Tax Provision decreased by -101.72%
  • Annual Income Tax Provision for 2020 was $1 Thousand (a 0.0% decrease from previous year)
  • Annual Income Tax Provision for 2019 was $1 Thousand (a -100.95% decrease from previous year)
  • Annual Income Tax Provision for 2018 was $-105 Thousand (a -338.64% decrease from previous year)
  • Twelve month Income Tax Provision ending December 30, 2020 was $-112 Thousand (a 0.9% increase compared to previous quarter)
  • Twelve month trailing Income Tax Provision increased by 33.33% year-over-year
Trailing Income Tax Provision for the last four month:
30 Dec '20 29 Jun '20 30 Dec '19 30 Dec '18
$-112 Thousand $-111 Thousand $-104 Thousand $-84 Thousand
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Historical Income Tax Provision of International Seaways Inc.

Most recent Income Tax Provisionof INSW including historical data for past 10 years.

Interactive Chart of Income Tax Provision of International Seaways Inc.

International Seaways Inc. Income Tax Provision for the past 10 Years (both Annual and Quarterly)

(All values are in $ million)

Year Q1 Q2 Q3 Q4 Fiscal Year
2020 $0.0 $0.0 $0.0
2019 $0.0 $0.0
2018 $-0.12 $0.0 $0.01 $-0.11
2017 $0.02 $0.02 $-0.0 $0.0 $0.04
2016 $0.28 $-0.02 $0.17 $0.0 $0.44
2015 $0.03 $0.0 $0.14
2014 $0.74
2013 $4.22

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.