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Teekay Tankers (TNK) Financials

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$82.24 -0.79 (-0.96%)
As of 03:43 PM Eastern
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Annual Income Statements for Teekay Tankers

Annual Income Statements for Teekay Tankers

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

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 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 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 184 68 -47 -53 41 87 -242 235 520 404 351
Consolidated Net Income / (Loss)		 184 68 -58 -53 41 87 -242 235 520 404 351
Net Income / (Loss) Continuing Operations		 184 68 -47 -53 41 87 -242 236 520 404 351
Total Pre-Tax Income 		172 68 -53 -43 61 95 -244 238 532 404 347
Total Operating Income		 194 97 1.42 7.20 124 142 -194 264 547 380 309
Total Gross Profit		 516 497 354 395 542 589 227 682 999 824 634
Total Revenue		 535 551 431 776 944 886 542 1,178 1,474 1,229 952
Operating Revenue		 535 551 431 776 944 886 542 1,178 1,474 1,229 952
Total Cost of Revenue		 19 54 77 381 402 297 315 496 474 406 317
Operating Cost of Revenue		 19 54 77 381 402 297 315 496 474 406 317
Total Operating Expenses		 322 400 352 388 418 448 421 419 453 444 325
Selling, General & Admin Expense		 30 33 208 249 245 223 209 291 293 308 288
Depreciation Expense		 74 104 100 119 124 117 106 99 98 94 87
Other Operating Expenses / (Income)		 212 242 31 20 43 36 14 27 71 75 45
Impairment Charge		 - - - -0.17 5.54 69 - -8.89 -10 -38 -100
Restructuring Charge		 6.80 0.00 0.00 1.20 0.00 1.40 0.00 9.92 1.60 5.63 5.57
Total Other Income / (Expense), net		 -22 -29 -54 -50 -62 -47 -50 -26 -14 24 38
Interest Expense		 17 30 31 59 65 52 35 36 28 7.47 2.90
Interest & Investment Income		 0.12 0.12 -24 2.10 3.22 6.30 -14 1.46 11 24 30
Other Income / (Expense), net		 -4.34 0.57 1.65 6.21 -0.27 -1.75 -1.19 7.89 2.48 7.33 11
Income Tax Expense		 - 7.51 -5.33 9.41 20 7.28 -1.93 2.24 13 0.41 -3.92
Basic Earnings per Share		 $1.26 $0.40 ($2.48) ($1.57) $1.23 $2.59 ($7.16) $6.92 $15.22 $11.73 $10.15
Weighted Average Basic Shares Outstanding		 143.91M 170.10M 23.40M 33.56M 33.62M 33.72M 33.86M 34.00M 34.16M 34.41M 34.60M
Diluted Earnings per Share		 $1.25 $0.40 ($2.48) ($1.57) $1.23 $2.57 ($7.16) $6.87 $15.04 $11.63 $10.10
Weighted Average Diluted Shares Outstanding		 144.49M 170.34M 23.40M 33.56M 33.73M 33.92M 33.86M 34.29M 34.57M 34.71M 34.78M
Weighted Average Basic & Diluted Shares Outstanding		 156.03M 159.30M 268.20M 268.56M 33.65M 33.74M 33.79M 33.94M 34.09M 34.36M 34.55M
Cash Dividends to Common per Share		 $0.24 $0.18 $0.96 $0.24 $0.00 $0.00 $0.00 $0.00 $1.75 $3.00 $2.00

Quarterly Income Statements for Teekay Tankers

No quarterly income statements for Teekay Tankers are available.

Annual Cash Flow Statements for Teekay Tankers

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

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 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 12/31/2025
Net Change in Cash & Equivalents		 -31 -62 -19 -15 36 -2.94 -44 138 178 123 316
Net Cash From Operating Activities		 202 207 80 -7.26 118 348 -107 200 631 472 306
Net Cash From Continuing Operating Activities		 202 207 80 -7.26 118 348 -104 199 631 472 306
Net Income / (Loss) Continuing Operations		 184 68 -58 -53 41 87 -242 235 520 404 351
Consolidated Net Income / (Loss)		 184 68 -58 -53 41 87 -242 235 520 404 351
Depreciation Expense		 74 104 100 119 124 117 106 99 98 94 87
Non-Cash Adjustments To Reconcile Net Income		 -49 14 31 -18 -23 52 82 -17 -20 -65 -124
Changes in Operating Assets and Liabilities, net		 -6.54 20 6.59 -56 -25 91 -49 -118 34 39 -7.99
Net Cash From Investing Activities		 -881 22 79 -4.49 8.38 75 38 51 17 -5.11 78
Net Cash From Continuing Investing Activities		 -881 22 78 -4.49 8.38 65 38 51 17 -5.11 78
Purchase of Property, Plant & Equipment		 -236 -9.23 -4.73 -5.83 -12 -16 -21 -15 -10 -75 -193
Acquisitions		 -46 - - - 0.00 0.00 - - 0.00 0.00 -99
Purchase of Investments		 - - - - - - - - 0.00 -21 -85
Divestitures		 0.00 0.00 31 0.59 20 86 58 70 24 89 343
Sale and/or Maturity of Investments		 1.09 0.00 0.00 0.75 - - - - 0.00 0.00 112
Other Investing Activities, net		 -611 3.50 -0.55 - 0.00 -4.65 1.50 -3.00 3.90 2.50 0.38
Net Cash From Financing Activities		 648 -291 -178 -3.45 -90 -416 22 -113 -470 -343 -69
Net Cash From Continuing Financing Activities		 652 -291 -178 -3.45 -90 -416 22 -113 -470 -343 -69
Repayment of Debt		 -232 -1,142 -553 -303 -411 -1,196 -205 -535 -58 -4.11 -1.26
Payment of Dividends		 -15 -62 -21 -8.05 - - 0.00 0.00 -65 -108 -69
Issuance of Debt		 689 906 233 81 257 810 271 134 51 0.00 0.00
Issuance of Common Equity		 242 7.56 14 - - - - 0.00 0.00 2.90 1.72
Other Financing Activities, net		 -31 -0.74 149 226 64 -30 -44 288 -398 -234 0.00

Quarterly Cash Flow Statements for Teekay Tankers

No quarterly cash flow statements for Teekay Tankers are available.

Annual Balance Sheets for Teekay Tankers

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

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 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 12/31/2025
Total Assets		 2,169 1,964 2,197 2,161 2,229 1,840 1,619 1,784 1,942 1,974 2,242
Total Current Assets		 280 258 177 226 421 245 245 460 667 748 1,079
Cash & Equivalents		 96 94 71 55 89 97 51 181 391 512 831
Restricted Cash		 0.87 0.75 1.60 2.15 3.07 2.78 2.22 3.71 0.69 3.67 0.69
Short-Term Investments		 - - - - - - - - 0.00 22 0.00
Accounts Receivable		 95 83 68 57 96 41 44 117 108 82 83
Inventories, net		 - - - 23 50 35 49 61 53 46 29
Prepaid Expenses		 24 21 19 11 10 9.74 10 10 15 13 17
Other Current Assets		 63 59 17 77 107 60 88 85 92 5.87 42
Plant, Property, & Equipment, net		 1,768 1,605 1,966 1,884 1,770 1,105 925 430 929 1,132 1,000
Total Noncurrent Assets		 122 101 55 52 38 1,591 1,369 1,324 1,270 94 162
Long-Term Investments		 87 71 25 26 28 32 16 16 16 16 0.00
Goodwill		 0.00 8.06 8.06 8.06 2.43 2.43 2.43 2.43 2.43 2.73 2.43
Other Noncurrent Operating Assets		 5.31 4.65 4.35 3.05 5.36 1,559 1,353 1,304 1,256 75 159
Total Liabilities & Shareholders' Equity		 2,169 1,964 2,197 2,161 2,229 1,840 1,619 1,784 1,942 1,974 2,242
Total Liabilities		 1,292 1,032 1,191 1,214 1,240 761 780 714 392 217 198
Total Current Liabilities		 290 256 237 198 280 197 157 170 168 132 135
Accounts Payable		 17 14 7.86 11 71 31 35 42 34 26 20
Accrued Expenses		 62 29 35 41 60 55 33 47 72 76 85
Other Current Liabilities		 34 37 20 40 52 90 49 79 62 31 30
Total Noncurrent Liabilities		 1,002 776 954 1,016 960 564 623 543 223 85 63
Other Noncurrent Operating Liabilities		 4.21 14 27 33 54 332 318 543 223 85 63
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 877 933 1,007 947 990 1,079 838 1,070 1,550 1,757 2,044
Total Preferred & Common Equity		 877 933 1,007 947 990 1,079 838 1,070 1,550 1,757 2,044
Total Common Equity		 877 933 1,007 947 990 1,079 838 1,070 1,550 1,757 2,044
Common Stock		 1,095 1,103 1,295 1,296 1,298 1,299 1,301 1,304 1,330 1,309 1,315
Retained Earnings		 -217 -183 -288 -349 -308 -220 -463 -234 220 447 729

Quarterly Balance Sheets for Teekay Tankers

No quarterly balance sheets for Teekay Tankers are available.

Annual Metrics And Ratios for Teekay Tankers

This table displays calculated financial ratios and metrics derived from Teekay Tankers' official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 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 12/31/2025
DEI Shares Outstanding		 - - - - - - - - - - 34,547,729.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 34,547,729.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 10.17
Growth Metrics		 - - - - - - - - - - -
Profitability Metrics		 - - - - - - - - - - -
Net Operating Profit after Tax (NOPAT)		 194 86 0.99 5.04 83 131 -136 261 534 380 313
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - 24.42% 34.44% 21.62% 15.30%
Earnings before Interest and Taxes (EBIT)		 189 97 3.06 13 124 140 -195 272 546 385 320
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 263 201 104 132 248 257 -89 371 643 478 407
Valuation Ratios		 - - - - - - - - - - -
Leverage & Solvency		 - - - - - - - - - - -
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -714 244 -305 61 227 -364 131 997 -228 1,300 316
Efficiency Ratios		 - - - - - - - - - - -
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1,858 1,700 2,007 1,950 1,806 2,301 2,034 1,298 2,060 1,140 1,136
Increase / (Decrease) in Invested Capital		 907 -158 306 -56 -144 495 -267 -736 762 -920 -3.73
Book Value per Share		 $7.83 $5.98 $6.32 $3.53 $3.69 $32.06 $24.85 $31.67 $45.67 $51.52 $59.48
Tangible Book Value per Share		 $7.57 $5.81 $6.18 $3.46 $3.67 $32.04 $24.86 $31.56 $45.73 $51.44 $59.40
Total Capital		 2,042 1,866 2,108 2,037 1,989 1,332 1,184 1,070 1,550 1,757 2,044
Total Debt		 1,165 933 1,101 1,090 999 253 345 0.00 0.00 0.00 0.00
Total Long-Term Debt		 991 762 927 984 906 232 305 0.00 0.00 0.00 0.00
Net Debt		 981 767 1,003 1,007 879 121 276 -200 -408 -554 -831
Capital Expenditures (CapEx)		 225 -18 -47 5.83 12 16 21 15 10 75 193
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 67 78 41 77 143 -31 76 105 107 78 113
Debt-free Net Working Capital (DFNWC)		 164 173 114 134 235 69 129 289 499 616 944
Net Working Capital (NWC)		 -9.84 2.04 -60 28 142 48 88 289 499 616 944
Net Nonoperating Expense (NNE)		 10 18 59 58 42 43 107 26 14 -24 -39
Net Nonoperating Obligations (NNO)		 981 767 1,000 1,004 817 1,222 1,196 228 510 -617 -907
Total Depreciation and Amortization (D&A)		 74 104 100 119 124 117 106 99 98 94 87
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $10.88 $3.20 ($2.48) ($1.60) $1.23 $2.59 ($7.16) $6.74 $15.04 $11.73 $10.15
Adjusted Weighted Average Basic Shares Outstanding		 16.27M 19.54M 23.40M 33.56M 33.62M 33.72M 33.86M 34.00M 34.16M 34.41M 34.60M
Adjusted Diluted Earnings per Share		 $10.80 $3.20 ($2.48) ($1.60) $1.23 $2.57 ($7.16) $6.68 $14.86 $11.63 $10.10
Adjusted Weighted Average Diluted Shares Outstanding		 16.34M 19.57M 23.40M 33.56M 33.73M 33.92M 33.86M 34.29M 34.57M 34.71M 34.78M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 19.50M 19.91M 33.53M 33.57M 33.65M 33.74M 33.79M 33.94M 34.09M 34.36M 34.55M
Normalized Net Operating Profit after Tax (NOPAT)		 140 104 10 5.76 87 196 -71 262 525 347 151
Debt Service Ratios		 - - - - - - - - - - -
Payout Ratios		 - - - - - - - - - - -

Quarterly Metrics And Ratios for Teekay Tankers

No quarterly metrics and ratios for Teekay Tankers are available.


Financials Breakdown Chart

Teekay Tankers Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Teekay Tankers' fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Teekay Tankers' net income appears to be on an upward trend, with a most recent value of $351.19 million in 2025, rising from $183.63 million in 2015. The previous period was $403.67 million in 2024. Check out Teekay Tankers' forecast to explore projected trends and price targets.

Teekay Tankers' total operating income in 2025 was $309.10 million, based on the following breakdown:
  • Total Gross Profit: $634.42 million
  • Total Operating Expenses: $325.33 million

Over the last 10 years, Teekay Tankers' total revenue changed from $534.68 million in 2015 to $951.80 million in 2025, a change of 78.0%.

Teekay Tankers' total liabilities were at $198.06 million at the end of 2025, a 8.9% decrease from 2024, and a 84.7% decrease since 2015.

In the past 10 years, Teekay Tankers' cash and equivalents has ranged from $50.57 million in 2021 to $830.57 million in 2025, and is currently $830.57 million as of their latest financial filing in 2025.

Over the last 10 years, Teekay Tankers' book value per share changed from 7.83 in 2015 to 59.48 in 2025, a change of 659.6%.


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Financial statements for NYSE:TNK last updated on 3/14/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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