Frontline (FRO) Financials

$17.60 -0.19 (-1.06%)

Closing price 03:59 PM Eastern

Extended Trading

$17.74 +0.14 (+0.81%)

As of 07:10 PM Eastern

Annual Income Statements for Frontline

This table shows Frontline's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	149	155	117	-265	-8.88	140	413	-15	476	656	496
Consolidated Net Income / (Loss)	86	124	118	-264	-8.40	140	413	-15	476	656	496
Net Income / (Loss) Continuing Operations	137	255	118	-264	-8.40	140	413	-15	476	656	496
Total Pre-Tax Income	137	256	118	-264	-8.08	140	413	-10	476	657	503
Total Operating Income	121	287	177	-196	83	240	508	26	463	805	802
Total Gross Profit	242	459	750	646	742	957	1,221	218	675	1,089	1,409
Total Revenue	242	459	754	646	742	957	1,221	776	1,442	1,881	2,183
Operating Revenue	242	459	754	646	742	957	1,221	776	1,442	1,881	2,183
Total Cost of Revenue	0.00	0.00	4.00	0.00	0.00	0.00	0.00	558	766	792	774
Operating Cost of Revenue	-	-	-	-	-	-	-	558	766	792	774
Total Operating Expenses	121	172	573	843	660	718	713	192	213	284	607
Selling, General & Admin Expense	4.94	11	37	38	37	45	44	26	47	54	36
Depreciation Expense	32	53	141	142	123	118	139	165	165	231	339
Other Operating Expenses / (Income)	84	109	333	386	500	555	530	-	-	-	232
Total Other Income / (Expense), net	17	-32	-60	-68	-91	-99	-95	-37	13	-148	-298
Interest & Investment Income	33	2.77	0.37	1.65	2.12	3.19	-3.72	7.68	58	23	-3.41
Other Income / (Expense), net	-8.91	-17	-3.30	0.41	0.37	-7.96	-19	-44	-45	-171	-295
Income Tax Expense	0.00	0.15	0.35	0.29	0.32	0.31	-0.01	4.63	0.41	0.21	7.67
Basic Earnings per Share	$1.19	$1.29	$0.75	($1.56)	($0.05)	$0.81	$2.11	($0.08)	$2.22	$2.95	$2.23
Weighted Average Basic Shares Outstanding	99.94M	781.94M	169.81M	169.81M	169.82M	196.89M	197.69M	203.53M	222.62M	222.62M	222.62M
Diluted Earnings per Share	$1.19	$1.29	$0.75	($1.56)	($0.05)	$0.78	$2.09	($0.08)	$2.22	$2.95	$2.23
Weighted Average Diluted Shares Outstanding	99.94M	781.94M	169.81M	169.81M	169.82M	196.89M	197.69M	203.53M	222.62M	222.62M	222.62M
Basic & Diluted Earnings per Share	$1.19	$1.29	$0.75	-	-	-	-	($0.08)	$2.22	$2.95	$2.23
Weighted Average Basic & Diluted Shares Outstanding	99.94M	781.94M	169.81M	169.81M	169.82M	196.89M	197.69M	203.53M	222.62M	222.62M	222.62M

No quarterly income statements for Frontline are available.

This table details how cash moves in and out of Frontline's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	-51	-32	-62	-98	-37	109	12	-62	141	54	105
Net Cash From Operating Activities	59	207	286	130	46	280	604	85	385	856	736
Net Cash From Continuing Operating Activities	58	214	286	130	46	280	604	82	530	881	751
Net Income / (Loss) Continuing Operations	137	255	118	-264	-8.40	140	413	-15	476	656	496
Consolidated Net Income / (Loss)	86	124	118	-264	-8.40	140	413	-15	476	656	496
Depreciation Expense	32	53	141	142	123	118	139	165	165	231	339
Non-Cash Adjustments To Reconcile Net Income	-40	-92	48	249	-32	22	5.77	-9.36	25	137	163
Changes in Operating Assets and Liabilities, net	-23	-4.56	-16	1.87	-39	-3.93	45	-59	-135	-144	-246
Net Cash From Investing Activities	-64	-459	-396	-723	-199	-191	-716	-374	-257	-1,235	-483
Net Cash From Continuing Investing Activities	132	-148	-396	-723	-199	-191	-716	-374	-257	-1,235	-483
Purchase of Property, Plant & Equipment	-202	-787	-622	-714	-216	-194	-724	-474	-336	-1,631	-915
Sale of Property, Plant & Equipment	-	-	-	-	0.00	0.00	25	80	80	143	432
Sale and/or Maturity of Investments	-	-	-	-	-	0.00	0.00	14	0.00	252	0.00
Other Investing Activities, net	277	638	226	-36	-0.66	3.00	-2.25	0.00	-1.51	1.39	0.00
Net Cash From Financing Activities	-46	220	49	494	116	20	124	228	13	433	-148
Net Cash From Continuing Financing Activities	-163	78	49	494	116	20	124	228	18	433	-148
Repayment of Debt	-199	-546	-241	-119	-183	-205	-949	-229	-600	-537	-1,881
Payment of Dividends	-37	-39	-165	-51	-0.39	-20	-312	0.00	-33	-639	-434
Issuance of Debt	124	660	356	684	299	146	1,377	404	651	1,609	2,167

No quarterly cash flow statements for Frontline are available.

This table presents Frontline's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	2,502	2,883	2,966	3,134	3,078	3,698	3,912	4,107	4,768	5,883	6,221
Total Current Assets	437	467	384	322	308	448	378	333	881	728	826
Cash & Equivalents	236	265	202	104	66	174	175	113	255	308	414
Accounts Receivable	36	97	74	72	79	104	77	85	153	144	137
Inventories, net	19	26	38	62	69	67	58	81	107	135	137
Other Current Assets	107	53	45	38	65	78	2.73	14	170	156	140
Plant, Property, & Equipment, net	227	960	308	331	91	46	48	131	48	0.00	0.00
Total Noncurrent Assets	1,838	1,455	2,274	2,481	2,671	3,203	184	166	3,785	4,767	5,372
Long-Term Investments	59	-	-	0.00	6.25	4.93	1.28	0.56	16	12	12
Goodwill	0.00	225	225	112	112	112	112	112	112	112	112
Other Noncurrent Operating Assets	1,774	1,189	1,482	2,347	2,542	3,075	71	53	3,657	4,642	5,248
Total Liabilities & Shareholders' Equity	2,502	2,883	2,966	3,134	3,078	3,698	3,912	4,107	4,768	5,883	6,221
Total Liabilities	1,054	1,437	1,467	1,946	1,914	2,188	2,307	2,465	2,509	3,605	3,881
Total Current Liabilities	237	242	183	222	214	848	322	287	392	409	596
Short-Term Debt	44	147	124	156	120	439	235	199	278	262	460
Accounts Payable	6.00	38	22	21	41	33	75	80	113	146	134
Other Current Liabilities	175	20	10	6.07	16	300	12	8.72	1.02	1.10	1.15
Total Noncurrent Liabilities	817	1,195	1,284	1,724	1,699	1,339	1,985	2,178	2,117	3,196	3,285
Long-Term Debt	474	746	915	1,467	1,610	1,254	1,928	2,133	2,112	3,194	3,284
Capital Lease Obligations	0.00	447	366	256	88	76	53	44	2.37	1.43	0.45
Other Noncurrent Operating Liabilities	344	2.84	3.11	1.33	1.18	8.62	3.74	0.99	2.05	0.47	0.45
Total Equity & Noncontrolling Interests	1,447	1,446	1,500	1,188	1,164	1,510	1,605	1,642	2,260	2,277	2,340
Total Preferred & Common Equity	1,124	1,446	1,500	1,187	1,164	1,510	1,605	1,643	2,260	2,278	2,341
Total Common Equity	1,124	1,446	1,500	1,187	1,164	1,510	601	638	1,256	1,274	1,337
Common Stock	1,018	891	365	367	368	594	600	652	827	827	827
Retained Earnings	156	81	34	-273	-295	-155	1.33	-14	429	446	507
Other Equity Adjustments	0.00	474	1,100	1,090	1,090	1,071	-	-	-	-	1.78
Noncontrolling Interest	324	0.06	0.17	0.32	0.42	0.23	-0.47	-0.47	-0.47	-0.47	-0.47

No quarterly balance sheets for Frontline are available.

This table displays calculated financial ratios and metrics derived from Frontline's official financial filings.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	80.60%	89.78%	64.36%	-14.32%	14.84%	28.97%	27.56%	-36.49%	85.93%	30.46%	16.05%
EBITDA Growth	43.16%	121.36%	-4.69%	-116.82%	498.65%	70.13%	77.72%	-76.61%	295.90%	48.36%	-2.18%
EBIT Growth	53.72%	141.84%	-35.58%	-212.45%	142.42%	178.73%	111.11%	-103.68%	2,419.30%	51.74%	-20.04%
NOPAT Growth	83.58%	137.80%	-38.35%	-177.64%	142.14%	312.79%	112.48%	-96.38%	2,418.17%	73.99%	-1.89%
Net Income Growth	24.11%	44.20%	-5.52%	-324.93%	96.82%	1,766.90%	195.03%	-103.62%	3,278.51%	38.04%	-24.50%
EPS Growth	24.11%	44.20%	-41.86%	-308.00%	96.79%	1,660.00%	167.95%	-103.83%	2,875.00%	32.88%	-24.41%
Operating Cash Flow Growth	156.56%	253.59%	37.94%	-54.38%	-64.62%	506.85%	115.59%	-85.89%	351.94%	122.19%	-13.99%
Free Cash Flow Firm Growth	-257.84%	-51.80%	98.47%	-4,062.97%	126.10%	-55.15%	7,414.49%	-102.71%	-3,552.81%	96.76%	281.16%
Invested Capital Growth	45.55%	53.88%	7.42%	8.90%	-1.38%	6.74%	-90.98%	38.89%	968.84%	22.05%	11.84%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	99.47%	100.00%	100.00%	100.00%	100.00%	28.09%	46.84%	57.91%	64.55%
EBITDA Margin	60.85%	70.97%	41.16%	-8.08%	28.04%	36.98%	51.53%	18.98%	40.42%	45.96%	38.74%
Operating Margin	49.92%	62.58%	23.53%	-30.37%	11.14%	25.02%	41.58%	3.38%	32.10%	42.79%	36.72%
EBIT Margin	46.23%	58.92%	23.09%	-30.30%	11.19%	24.19%	40.03%	-2.32%	28.96%	33.68%	23.21%
Profit (Net Income) Margin	35.67%	27.10%	15.58%	-40.90%	-1.13%	14.62%	33.82%	-1.93%	32.98%	34.89%	22.70%
Tax Burden Percent	62.77%	48.67%	99.71%	100.11%	103.91%	99.78%	100.00%	144.86%	99.91%	99.97%	98.48%
Interest Burden Percent	122.91%	94.51%	67.67%	134.80%	-9.73%	60.58%	84.48%	57.36%	113.98%	103.63%	99.33%
Effective Tax Rate	0.00%	0.06%	0.29%	0.00%	0.00%	0.22%	0.00%	0.00%	0.09%	0.03%	1.52%
Return on Invested Capital (ROIC)	8.78%	13.88%	6.81%	-4.88%	1.99%	8.00%	30.18%	5.53%	20.48%	17.54%	14.78%
ROIC Less NNEP Spread (ROIC-NNEP)	3.56%	-12.31%	1.53%	-13.53%	-1.83%	2.00%	-45.67%	8.11%	24.70%	11.15%	5.09%
Return on Net Nonoperating Assets (RNNOA)	3.29%	-5.28%	1.17%	-14.79%	-2.70%	2.47%	-3.66%	-6.45%	3.90%	11.39%	6.68%
Return on Equity (ROE)	12.07%	8.60%	7.98%	-19.67%	-0.71%	10.47%	26.52%	-0.92%	24.37%	28.93%	21.47%
Cash Return on Invested Capital (CROIC)	-28.31%	-28.56%	-0.35%	-13.40%	3.38%	1.48%	197.10%	-27.03%	-145.30%	-2.32%	3.60%
Operating Return on Assets (OROA)	5.78%	10.04%	5.96%	-6.42%	2.67%	6.84%	12.85%	-0.45%	9.41%	11.90%	8.37%
Return on Assets (ROA)	4.46%	4.62%	4.02%	-8.67%	-0.27%	4.13%	10.86%	-0.37%	10.72%	12.33%	8.19%
Return on Common Equity (ROCE)	9.26%	7.63%	7.98%	-19.67%	-0.71%	10.47%	17.97%	-0.35%	11.84%	16.13%	12.13%
Return on Equity Simple (ROE_SIMPLE)	7.68%	8.60%	7.84%	-22.26%	-0.72%	9.27%	25.73%	-0.91%	21.04%	28.82%	21.17%
Net Operating Profit after Tax (NOPAT)	121	287	177	-137	58	239	508	18	463	805	790
NOPAT Margin	49.92%	62.55%	23.46%	-21.26%	7.80%	24.97%	41.58%	2.37%	32.08%	42.78%	36.16%
Net Nonoperating Expense Percent (NNEP)	5.22%	26.19%	5.28%	8.64%	3.82%	5.99%	75.85%	-2.58%	-4.23%	6.40%	9.69%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-	-	12.97%
Cost of Revenue to Revenue	0.00%	0.00%	0.53%	0.00%	0.00%	0.00%	0.00%	71.91%	53.16%	42.09%	35.46%
SG&A Expenses to Revenue	2.04%	2.31%	4.91%	5.82%	5.02%	4.70%	3.62%	3.41%	3.29%	2.85%	1.65%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	50.08%	37.42%	75.94%	130.37%	88.86%	74.98%	58.42%	24.71%	14.74%	15.12%	27.82%
Earnings before Interest and Taxes (EBIT)	112	270	174	-196	83	232	489	-18	418	634	507
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	147	326	310	-52	208	354	629	147	583	865	846
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.13	2.31	0.43	0.53	0.96	1.63	1.75	1.59	3.37	2.33
Price to Tangible Book Value (P/TBV)	0.00	0.15	2.72	0.48	0.59	1.03	2.00	2.13	1.75	3.69	2.55
Price to Revenue (P/Rev)	0.00	0.41	4.60	0.79	0.83	1.51	0.80	1.44	1.39	2.28	1.43
Price to Earnings (P/E)	0.00	1.21	29.63	0.00	0.00	10.31	2.37	0.00	4.20	6.53	6.29
Dividend Yield	0.00%	3.01%	23.68%	19.95%	0.00%	1.18%	34.17%	0.00%	1.53%	10.91%	13.92%
Earnings Yield	0.00%	82.92%	3.37%	0.00%	0.00%	9.70%	42.15%	0.00%	23.79%	15.31%	15.89%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.50	1.73	0.77	0.81	0.98	10.76	8.74	1.00	1.47	1.14
Enterprise Value to Revenue (EV/Rev)	0.00	2.72	6.18	3.49	3.17	3.16	2.45	4.35	2.86	3.95	2.95
Enterprise Value to EBITDA (EV/EBITDA)	0.00	3.83	15.01	0.00	11.30	8.53	4.76	22.94	7.07	8.59	7.61
Enterprise Value to EBIT (EV/EBIT)	0.00	4.61	26.76	0.00	28.30	13.04	6.13	0.00	9.87	11.72	12.71
Enterprise Value to NOPAT (EV/NOPAT)	0.00	4.34	26.33	0.00	40.61	12.64	5.90	183.84	8.91	9.23	8.15
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	6.01	16.29	17.29	50.92	10.78	4.96	39.60	10.69	8.67	8.74
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	23.89	68.44	0.90	0.00	0.00	0.00	33.44
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.36	0.93	0.94	1.58	1.56	1.17	1.38	1.45	1.06	1.52	1.60
Long-Term Debt to Equity	0.33	0.82	0.85	1.45	1.46	0.88	1.23	1.33	0.94	1.40	1.40
Financial Leverage	0.92	0.43	0.76	1.09	1.48	1.24	0.08	-0.80	0.16	1.02	1.31
Leverage Ratio	2.71	1.86	1.99	2.27	2.64	2.53	2.44	2.47	2.27	2.35	2.62
Compound Leverage Factor	3.33	1.76	1.34	3.06	-0.26	1.53	2.06	1.42	2.59	2.43	2.60
Debt to Total Capital	26.34%	48.08%	48.36%	61.27%	60.97%	53.96%	57.99%	59.13%	51.43%	60.29%	61.54%
Short-Term Debt to Total Capital	2.24%	5.29%	4.27%	5.10%	4.04%	13.38%	6.15%	4.95%	5.97%	4.57%	7.56%
Long-Term Debt to Total Capital	24.10%	42.79%	44.10%	56.18%	56.93%	40.57%	51.85%	54.18%	45.46%	55.72%	53.98%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	16.48%	0.00%	0.01%	0.01%	0.01%	0.01%	-0.01%	-0.01%	-0.01%	-0.01%	-0.01%
Common Equity to Total Capital	57.18%	51.91%	51.63%	38.71%	39.02%	46.04%	15.74%	15.89%	27.00%	22.21%	21.96%
Debt to EBITDA	3.52	4.11	4.52	-36.00	8.74	5.00	3.52	16.14	4.11	4.00	4.43
Net Debt to EBITDA	1.27	3.26	3.84	-33.42	8.34	4.45	3.20	15.35	3.64	3.63	3.93
Long-Term Debt to EBITDA	3.22	3.66	4.13	-33.00	8.16	3.76	3.15	14.79	3.63	3.70	3.88
Debt to NOPAT	4.29	4.67	7.94	-13.68	31.41	7.41	4.36	129.32	5.17	4.30	4.74
Net Debt to NOPAT	1.55	3.69	6.74	-12.70	29.97	6.60	3.97	123.00	4.59	3.90	4.20
Long-Term Debt to NOPAT	3.92	4.15	7.24	-12.54	29.33	5.57	3.90	118.50	4.57	3.97	4.16
Altman Z-Score	0.00	0.68	1.96	0.07	0.43	0.67	1.00	0.46	1.32	1.56	1.26
Noncontrolling Interest Sharing Ratio	23.28%	11.19%	0.01%	0.02%	0.03%	0.02%	32.23%	61.82%	51.44%	44.24%	43.47%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.84	1.93	2.10	1.45	1.44	0.53	1.17	1.16	2.25	1.78	1.39
Quick Ratio	1.15	1.59	1.61	0.97	0.77	0.34	0.81	0.70	1.04	1.11	0.93
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-389	-591	-9.06	-377	98	44	3,316	-90	-3,282	-106	193
Operating Cash Flow to CapEx	29.00%	26.35%	45.95%	18.29%	21.34%	144.75%	86.35%	21.65%	150.63%	57.51%	152.34%
Free Cash Flow to Firm to Interest Expense	-52.43	-33.52	-0.16	-5.40	1.06	0.47	45.96	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	7.90	11.77	5.05	1.87	0.50	2.97	8.37	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	-19.35	-32.88	-5.94	-8.35	-1.82	0.92	-1.32	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.13	0.17	0.26	0.21	0.24	0.28	0.32	0.19	0.32	0.35	0.36
Accounts Receivable Turnover	6.55	6.90	8.86	8.88	9.84	10.45	13.46	9.55	12.11	12.67	15.52
Inventory Turnover	0.00	0.00	0.13	0.00	0.00	0.00	0.00	8.04	8.16	6.54	5.69
Fixed Asset Turnover	1.88	0.77	1.19	2.02	3.52	14.00	25.83	8.66	16.14	0.00	0.00
Accounts Payable Turnover	0.00	0.00	0.13	0.00	0.00	0.00	0.00	7.22	7.97	6.12	5.53
Days Sales Outstanding (DSO)	55.71	52.91	41.21	41.09	37.10	34.93	27.12	38.21	30.14	28.80	23.52
Days Inventory Outstanding (DIO)	0.00	0.00	2,896.32	0.00	0.00	0.00	0.00	45.37	44.74	55.85	64.17
Days Payable Outstanding (DPO)	0.00	0.00	2,767.07	0.00	0.00	0.00	0.00	50.55	45.81	59.64	66.05
Cash Conversion Cycle (CCC)	55.71	52.91	170.46	41.09	37.10	34.93	27.12	33.03	29.07	25.01	21.64
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,629	2,507	2,693	2,932	2,892	3,087	278	387	4,131	5,042	5,639
Invested Capital Turnover	0.18	0.22	0.29	0.23	0.25	0.32	0.73	2.33	0.64	0.41	0.41
Increase / (Decrease) in Invested Capital	510	878	186	240	-41	195	-2,808	108	3,745	911	597
Enterprise Value (EV)	0.00	1,247	4,660	2,256	2,351	3,020	2,995	3,377	4,120	7,424	6,438
Market Capitalization	0.00	186	3,467	511	615	1,444	980	1,118	1,999	4,287	3,119
Book Value per Share	$11.24	$12.87	$1.92	$6.99	$6.85	$8.89	$3.05	$3.23	$6.17	$5.72	$6.00
Tangible Book Value per Share	$11.24	$10.87	$1.63	$6.33	$6.19	$8.23	$2.48	$2.66	$5.62	$5.22	$5.50
Total Capital	1,965	2,786	2,904	3,067	2,983	3,280	3,821	4,017	4,653	5,735	6,085
Total Debt	518	1,340	1,405	1,879	1,819	1,770	2,216	2,375	2,393	3,458	3,745
Total Long-Term Debt	474	1,192	1,281	1,723	1,698	1,331	1,981	2,177	2,115	3,196	3,285
Net Debt	187	1,060	1,193	1,745	1,735	1,577	2,016	2,259	2,122	3,137	3,320
Capital Expenditures (CapEx)	202	787	622	714	216	194	700	394	256	1,489	483
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-28	94	113	122	137	-149	93	129	513	273	277
Debt-free Net Working Capital (DFNWC)	244	373	325	256	215	39	291	244	767	581	691
Net Working Capital (NWC)	200	225	201	100	94	-400	56	46	489	319	230
Net Nonoperating Expense (NNE)	34	163	59	127	66	99	95	33	-13	148	294
Net Nonoperating Obligations (NNO)	182	1,060	1,193	1,745	1,728	1,577	-1,327	-1,256	1,871	2,765	3,299
Total Depreciation and Amortization (D&A)	35	55	136	144	125	122	140	165	165	231	339
Debt-free, Cash-free Net Working Capital to Revenue	-11.52%	20.40%	15.01%	18.82%	18.51%	-15.57%	7.61%	16.62%	35.56%	14.49%	12.69%
Debt-free Net Working Capital to Revenue	100.80%	81.23%	43.05%	39.61%	28.90%	4.11%	23.84%	31.51%	53.21%	30.88%	31.64%
Net Working Capital to Revenue	82.58%	49.12%	26.63%	15.41%	12.67%	-41.75%	4.60%	5.90%	33.94%	16.95%	10.55%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$1.29	$0.75	($1.56)	($0.05)	$0.81	$2.11	($0.06)	$0.00	$2.95	$2.23
Adjusted Weighted Average Basic Shares Outstanding	22.47M	781.94M	169.81M	169.81M	169.82M	196.89M	197.69M	203.53M	222.62M	222.62M	222.62M
Adjusted Diluted Earnings per Share	$0.00	$1.29	$0.75	($1.56)	($0.05)	$0.78	$2.09	($0.06)	$0.00	$2.95	$2.23
Adjusted Weighted Average Diluted Shares Outstanding	22.47M	781.94M	169.81M	169.81M	169.82M	196.89M	197.69M	203.53M	222.62M	222.62M	222.62M
Adjusted Basic & Diluted Earnings per Share	$0.00	$1.29	$0.75	($1.56)	($0.05)	$0.00	$0.00	$0.00	$0.00	$2.95	$2.23
Adjusted Weighted Average Basic & Diluted Shares Outstanding	19.99M	781.94M	169.81M	169.81M	169.82M	196.89M	197.69M	203.53M	222.62M	222.62M	222.62M
Normalized Net Operating Profit after Tax (NOPAT)	84	287	238	57	58	239	355	18	463	805	790
Normalized NOPAT Margin	34.94%	62.55%	31.61%	8.74%	7.80%	24.97%	29.11%	2.37%	32.08%	42.78%	36.16%
Pre Tax Income Margin	56.82%	55.68%	15.62%	-40.85%	-1.09%	14.65%	33.82%	-1.33%	33.01%	34.90%	23.05%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	15.07	15.34	3.07	-2.81	0.89	2.45	6.77	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	16.27	16.29	3.12	-1.97	0.62	2.53	7.04	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	-12.19	-29.31	-7.91	-13.03	-1.43	0.40	-2.92	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	-10.98	-28.36	-7.86	-12.19	-1.70	0.48	-2.66	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	42.86%	31.54%	140.03%	-19.45%	-4.60%	14.26%	75.64%	0.00%	7.02%	97.34%	87.60%
Augmented Payout Ratio	101.29%	31.54%	140.03%	-19.45%	-4.60%	14.26%	75.64%	0.00%	7.02%	97.34%	87.60%

No quarterly metrics and ratios for Frontline are available.

Frequently Asked Questions About Frontline's Financials

When does Frontline's fiscal year end?

According to the most recent income statement we have on file, Frontline's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Frontline's net income changed over the last 10 years?

Frontline's net income appears to be on an upward trend, with a most recent value of $495.58 million in 2024, rising from $86.26 million in 2014. The previous period was $656.41 million in 2023. Find out what analysts predict for Frontline in the coming months.

What is Frontline's operating income?

Frontline's total operating income in 2024 was $801.75 million, based on the following breakdown:

Total Gross Profit: $1.41 billion
Total Operating Expenses: $607.36 million

How has Frontline revenue changed over the last 10 years?

Over the last 10 years, Frontline's total revenue changed from $241.83 million in 2014 to $2.18 billion in 2024, a change of 802.8%.

How much debt does Frontline have?

Frontline's total liabilities were at $3.88 billion at the end of 2024, a 7.6% increase from 2023, and a 268.0% increase since 2014.

How much cash does Frontline have?

In the past 10 years, Frontline's cash and equivalents has ranged from $66.48 million in 2018 to $413.53 million in 2024, and is currently $413.53 million as of their latest financial filing in 2024.

How has Frontline's book value per share changed over the last 10 years?

Over the last 10 years, Frontline's book value per share changed from 11.24 in 2014 to 6.00 in 2024, a change of -46.6%.

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This page (NYSE:FRO) was last updated on 5/6/2025 by MarketBeat.com Staff

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Frontline (FRO) Financials

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Frontline (FRO) Financials

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