 La statunitense International Shipholding Corporation ha totalizzato nel 2001 un passivo netto di 64,4 milioni di dollari, contro un utile netto di 836.000 dollari nell'anno precedente.
La compagnia ha reso noto di aver effettuato nel corso del 2001 la riduzione al valore di mercato di alcuni beni. Senza il write-down, ammontato a 51,1 milioni di dollari, il passivo netto risulta essere di 13,3 milioni di dollari. La flessione - ha comunque precisato International Shipholding Corporation - è stata determinata principalmente dal minor risultato del servizio LASH (Lighter Aboard SHip), determinato dall'esecuzione di lavori di cantiere non programmati all'inizio dell'anno, e dalla riduzione del volume dei carichi nel corso del secondo semestre.
International Shipholding Corporation
Unaudited results for the twelve months
and the quarter ended December 31, 2001
(Source: International Shipholding Corporation)
| Three Months
Ended
Dec. 31 | Twelve Months
Ended
Dec. 31 |
| 2001 | 2000
| 2001 | 2000 |
| ---------- | ---------- | ---------- | ---------- |
| Revenues | $ 65,960 | $ 89,134 | $289,911 | $342,388 |
| Subsidy Revenue | 3,446 |
3,688 | 14,459 | 14,717 |
| ---------- | ---------- | ---------- | ---------- |
| 69,406 | 92,822 | 304,370 | 357,105 |
| ---------- | ---------- | ---------- | ---------- |
| Operating Expenses: | |
| | |
| Voyage Expenses | 53,554 |
69,765 | 246,180 | 268,857 |
| Vessel and Barge Depreciation | 8,224 | 9,355 | 30,960 | 38,773 |
| Impairment Loss | (645) |
- | 81,038 | - |
| ---------- | ---------- | ---------- | ---------- |
| Gross Voyage Profit (Loss) | 8,273 | 13,702 | (53,808) | 49,475 |
| ---------- | ---------- | ---------- | ---------- |
| Administrative and General Expenses | 5,216 | 6,180 | 23,578 | 22,871 |
| (Loss) Gain on Sale of Vessels/Other Assets | (12) | 848 | 3,501 | 5,911 |
| ---------- | ---------- | ---------- | ---------- |
| Operating Income (Loss) | 3,045 | 8,370 | (73,885) | 32,515 |
| ---------- | ---------- | ---------- | ---------- |
| Interest: | |
| | |
| Interest Expense | 5,823 |
8,140 | 26,737 | 33,764 |
| Investment Income | (363) |
(401) | (1,157) | (2,118) |
| ---------- | ---------- | ---------- | ---------- |
| 5,460 | 7,739 | 25,580 | 31,646 |
| ---------- | ---------- | ---------- | ---------- |
| (Loss) Income Before (Benefit) Provision for Income Taxes and Equity in Net Income | | | |
|
| (Loss) of Unconsolidated Entities | (2,415) | 631 | (99,465) | 869 |
| ---------- | ---------- | ---------- | ---------- |
| (Benefit) Provision for Income Taxes | (866) | 221 | (34,568) | 647 |
| ---------- | ---------- | ---------- | ---------- |
| Equity in Net Income (Loss) of Unconsolidated Entities (Net of Applicable Taxes) | 32 | (81) | 463 | (74) |
| ---------- | ---------- | ---------- | ---------- |
| (Loss) Income Before Extraordinary Item |
(1,517) | 329 | (64,434) | 148 |
| ---------- | ---------- | ---------- | ---------- |
| Extraordinary Gain on Early Retirement of Bonds | 15 | 446 | 15 | 688 |
| ---------- | ---------- | ---------- | ---------- |
| Net (Loss) Income | $ (1,502) | $ 775 | $ (64,419) | $ 836 |
| ======= | ======= | ======= | ======= |
| Basic and Diluted Earnings Per Share: |
| | | |
| (Loss) Income Before | |
| | |
| Extraordinary Item | $ (0.25) | $ 0.06 | $(10.59) | $ 0.03 |
| Extraordinary Gain | $ 0.00 | $ 0.07 | $ 0.00 | $ 0.11 |
| ---------- | ---------- | ---------- | ---------- |
| Net (Loss) Income | $ (0.25) | $ 0.13 | $(10.59) | $ 0.14 |
| ======= | ======= | ======= | ======= |
| Weighted Average Shares of Common Stock Outstanding | 6,082,887 | 6,082,887 | 6,082,887 | 6,082,954 |
| Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) (Includes Gains/Losses on Sales of Assets) | $12,671 | $22,593 | $54,100 | $95,469 |
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