Global Ship Lease Inc
NYSE:GSL
Income Statement
Earnings Waterfall
Global Ship Lease Inc
Income Statement
Global Ship Lease Inc
| Jun-2009 | Sep-2009 | Dec-2009 | Mar-2010 | Jun-2010 | Sep-2010 | Dec-2010 | Mar-2011 | Jun-2011 | Sep-2011 | Dec-2011 | Mar-2012 | Jun-2012 | Sep-2012 | Dec-2012 | Mar-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
10
|
13
|
24
|
25
|
26
|
24
|
24
|
24
|
23
|
21
|
21
|
20
|
21
|
21
|
21
|
21
|
19
|
13
|
25
|
37
|
44
|
48
|
47
|
47
|
48
|
49
|
49
|
48
|
45
|
43
|
43
|
42
|
59
|
59
|
59
|
60
|
49
|
57
|
65
|
73
|
75
|
75
|
72
|
69
|
65
|
71
|
69
|
69
|
69
|
63
|
79
|
80
|
75
|
68
|
49
|
44
|
45
|
44
|
43
|
44
|
41
|
40
|
41
|
38
|
|
| Revenue |
60
N/A
|
74
+23%
|
149
+101%
|
153
+3%
|
156
+2%
|
159
+2%
|
159
+0%
|
159
0%
|
158
-1%
|
157
-1%
|
156
0%
|
156
0%
|
156
+0%
|
157
+1%
|
153
-2%
|
150
-2%
|
143
-5%
|
70
-51%
|
104
+48%
|
138
+33%
|
139
+1%
|
142
+3%
|
150
+5%
|
158
+5%
|
165
+4%
|
170
+3%
|
170
+0%
|
169
-1%
|
167
-1%
|
164
-2%
|
163
-1%
|
163
N/A
|
159
-2%
|
156
-2%
|
151
-3%
|
145
-4%
|
157
+8%
|
186
+18%
|
214
+15%
|
244
+14%
|
261
+7%
|
268
+2%
|
276
+3%
|
280
+2%
|
283
+1%
|
285
+1%
|
296
+4%
|
365
+23%
|
448
+23%
|
529
+18%
|
600
+14%
|
634
+6%
|
646
+2%
|
651
+1%
|
659
+1%
|
661
+0%
|
675
+2%
|
695
+3%
|
708
+2%
|
708
0%
|
711
+1%
|
722
+2%
|
739
+2%
|
758
+3%
|
|
| Gross Profit | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(18)
|
(21)
|
(41)
|
(40)
|
(40)
|
(41)
|
(42)
|
(44)
|
(45)
|
(46)
|
(46)
|
(46)
|
(46)
|
(46)
|
(46)
|
(45)
|
(46)
|
(23)
|
(35)
|
(48)
|
(49)
|
(50)
|
(50)
|
(50)
|
(50)
|
(49)
|
(48)
|
(47)
|
(46)
|
(45)
|
(45)
|
(44)
|
(44)
|
(44)
|
(43)
|
(44)
|
(51)
|
(63)
|
(76)
|
(89)
|
(97)
|
(103)
|
(107)
|
(111)
|
(114)
|
(111)
|
(114)
|
(125)
|
(143)
|
(161)
|
(177)
|
(185)
|
(189)
|
(193)
|
(197)
|
(203)
|
(203)
|
(208)
|
(210)
|
(211)
|
(215)
|
(218)
|
(221)
|
(227)
|
|
| Gross Profit |
42
N/A
|
53
+27%
|
107
+102%
|
113
+5%
|
116
+3%
|
118
+2%
|
117
-1%
|
115
-1%
|
113
-2%
|
111
-2%
|
111
0%
|
109
-1%
|
110
+0%
|
111
+1%
|
108
-3%
|
105
-3%
|
97
-7%
|
47
-52%
|
68
+46%
|
90
+32%
|
90
0%
|
93
+3%
|
100
+7%
|
107
+8%
|
115
+7%
|
121
+5%
|
122
+1%
|
122
N/A
|
121
-1%
|
119
-2%
|
118
-1%
|
119
+1%
|
116
-3%
|
112
-3%
|
107
-4%
|
102
-5%
|
106
+5%
|
123
+15%
|
138
+13%
|
155
+12%
|
164
+6%
|
164
N/A
|
169
+3%
|
169
+0%
|
169
0%
|
174
+3%
|
182
+5%
|
239
+32%
|
305
+27%
|
367
+21%
|
423
+15%
|
449
+6%
|
457
+2%
|
458
+0%
|
462
+1%
|
458
-1%
|
472
+3%
|
487
+3%
|
498
+2%
|
496
0%
|
496
0%
|
504
+2%
|
518
+3%
|
531
+2%
|
|
| Operating Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(18)
|
(23)
|
(46)
|
(46)
|
(46)
|
(48)
|
(48)
|
(49)
|
(48)
|
(48)
|
(47)
|
(60)
|
(46)
|
(46)
|
(46)
|
(46)
|
(46)
|
(23)
|
(35)
|
(47)
|
(48)
|
(40)
|
(41)
|
(51)
|
(51)
|
(96)
|
(95)
|
(49)
|
(49)
|
(139)
|
(138)
|
(44)
|
(43)
|
(130)
|
(129)
|
(128)
|
(45)
|
(119)
|
(123)
|
(127)
|
(53)
|
(54)
|
(55)
|
(54)
|
(55)
|
(58)
|
(59)
|
(66)
|
(75)
|
(77)
|
(94)
|
(98)
|
(100)
|
(103)
|
(105)
|
(109)
|
(110)
|
(132)
|
(134)
|
(135)
|
(117)
|
(122)
|
(128)
|
(134)
|
|
| Selling, General & Administrative |
(4)
|
(4)
|
(9)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(7)
|
(7)
|
(7)
|
(6)
|
(6)
|
(6)
|
(6)
|
(3)
|
(5)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(6)
|
(6)
|
(6)
|
(6)
|
(5)
|
(5)
|
(6)
|
(6)
|
(6)
|
(9)
|
(9)
|
(10)
|
(12)
|
(9)
|
(9)
|
(9)
|
(8)
|
(8)
|
(10)
|
(10)
|
(12)
|
(13)
|
(15)
|
(17)
|
(18)
|
(19)
|
(17)
|
(18)
|
(18)
|
(18)
|
(19)
|
(18)
|
(18)
|
(17)
|
(17)
|
(17)
|
(17)
|
|
| Depreciation & Amortization |
(14)
|
(19)
|
(37)
|
(39)
|
(40)
|
(40)
|
(40)
|
(40)
|
(40)
|
(40)
|
(40)
|
(40)
|
(40)
|
(40)
|
(40)
|
(41)
|
(40)
|
(20)
|
(30)
|
(40)
|
(41)
|
(42)
|
(43)
|
(45)
|
(45)
|
(45)
|
(44)
|
(43)
|
(43)
|
(42)
|
(40)
|
(39)
|
(38)
|
(37)
|
(35)
|
(34)
|
(36)
|
(38)
|
(41)
|
(44)
|
(44)
|
(45)
|
(45)
|
(46)
|
(47)
|
(48)
|
(49)
|
(54)
|
(62)
|
(69)
|
(76)
|
(80)
|
(81)
|
(83)
|
(85)
|
(88)
|
(72)
|
(95)
|
(97)
|
(98)
|
(76)
|
(106)
|
(111)
|
(117)
|
|
| Other Operating Expenses |
0
|
0
|
0
|
1
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
(13)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
9
|
9
|
1
|
1
|
(44)
|
(44)
|
0
|
0
|
(92)
|
(92)
|
(0)
|
0
|
(88)
|
(88)
|
(88)
|
0
|
(72)
|
(72)
|
(72)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
8
|
0
|
0
|
0
|
(3)
|
(3)
|
(3)
|
(19)
|
(19)
|
(19)
|
(19)
|
(24)
|
0
|
0
|
0
|
|
| Operating Income |
24
N/A
|
30
+28%
|
62
+103%
|
67
+8%
|
70
+5%
|
70
+1%
|
69
-2%
|
67
-3%
|
65
-3%
|
63
-3%
|
64
+0%
|
49
-23%
|
63
+30%
|
65
+3%
|
62
-5%
|
59
-5%
|
51
-13%
|
24
-54%
|
33
+41%
|
43
+30%
|
42
-3%
|
53
+25%
|
59
+11%
|
56
-4%
|
64
+14%
|
25
-61%
|
27
+10%
|
73
+167%
|
72
-2%
|
(21)
N/A
|
(20)
+3%
|
75
N/A
|
72
-3%
|
(18)
N/A
|
(22)
-18%
|
(26)
-21%
|
62
N/A
|
4
-94%
|
16
+343%
|
28
+81%
|
112
+299%
|
110
-1%
|
114
+3%
|
115
+1%
|
114
-1%
|
116
+2%
|
123
+6%
|
173
+41%
|
230
+33%
|
291
+27%
|
329
+13%
|
351
+7%
|
357
+2%
|
356
0%
|
357
+0%
|
349
-2%
|
362
+4%
|
355
-2%
|
364
+2%
|
362
-1%
|
379
+5%
|
382
+1%
|
390
+2%
|
397
+2%
|
|
| Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(9)
|
(13)
|
(6)
|
(25)
|
(26)
|
(34)
|
(39)
|
(16)
|
(19)
|
(15)
|
(21)
|
(19)
|
(14)
|
(7)
|
(11)
|
(8)
|
(5)
|
(8)
|
(20)
|
(32)
|
(42)
|
(48)
|
(47)
|
(48)
|
(48)
|
(49)
|
(49)
|
(48)
|
(45)
|
(42)
|
(42)
|
(41)
|
(59)
|
(59)
|
(58)
|
(58)
|
(47)
|
(56)
|
(64)
|
(71)
|
(73)
|
(73)
|
(71)
|
(68)
|
(64)
|
(71)
|
(69)
|
(69)
|
(69)
|
(62)
|
(78)
|
(79)
|
(73)
|
(64)
|
(42)
|
(36)
|
(40)
|
(32)
|
(31)
|
(34)
|
(29)
|
(31)
|
(31)
|
(24)
|
|
| Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
(17)
|
(17)
|
(31)
|
(31)
|
(14)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
9
|
9
|
0
|
0
|
(45)
|
(45)
|
0
|
0
|
(29)
|
(92)
|
0
|
0
|
(63)
|
(88)
|
0
|
0
|
0
|
(72)
|
0
|
0
|
0
|
0
|
(8)
|
(9)
|
(9)
|
(9)
|
(1)
|
8
|
8
|
8
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
(19)
|
0
|
0
|
0
|
0
|
28
|
28
|
28
|
|
| Total Other Income |
7
|
2
|
(13)
|
(7)
|
(37)
|
(29)
|
(17)
|
(30)
|
(18)
|
(19)
|
(19)
|
(24)
|
(24)
|
(24)
|
(18)
|
(19)
|
(14)
|
(6)
|
(6)
|
(6)
|
(3)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
2
|
2
|
1
|
(0)
|
(0)
|
1
|
2
|
3
|
3
|
3
|
7
|
9
|
14
|
12
|
5
|
5
|
(1)
|
2
|
(1)
|
(1)
|
0
|
4
|
5
|
5
|
5
|
|
| Pre-Tax Income |
22
N/A
|
19
-11%
|
43
+123%
|
35
-18%
|
7
-79%
|
8
+10%
|
(4)
N/A
|
4
N/A
|
(3)
N/A
|
(1)
+76%
|
9
N/A
|
6
-32%
|
25
+310%
|
35
+36%
|
32
-7%
|
32
-2%
|
33
+3%
|
10
-70%
|
8
-23%
|
14
+89%
|
6
-56%
|
5
-18%
|
11
+118%
|
(36)
N/A
|
(29)
+20%
|
(24)
+16%
|
(21)
+13%
|
(4)
+82%
|
(65)
-1 611%
|
(63)
+3%
|
(62)
+1%
|
(29)
+53%
|
(74)
-152%
|
(77)
-4%
|
(80)
-4%
|
(85)
-6%
|
(57)
+32%
|
(52)
+10%
|
(47)
+9%
|
(41)
+13%
|
40
N/A
|
31
-23%
|
35
+13%
|
38
+11%
|
42
+8%
|
46
+10%
|
64
+41%
|
115
+79%
|
172
+49%
|
236
+38%
|
260
+10%
|
286
+10%
|
293
+2%
|
297
+1%
|
319
+7%
|
312
-2%
|
305
-2%
|
322
+6%
|
332
+3%
|
329
-1%
|
354
+8%
|
385
+9%
|
393
+2%
|
406
+4%
|
|
| Net Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(0)
|
0
|
(0)
|
0
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
|
| Income from Continuing Operations |
22
|
19
|
42
|
35
|
7
|
7
|
(4)
|
4
|
(3)
|
(1)
|
9
|
6
|
26
|
35
|
32
|
31
|
33
|
10
|
7
|
14
|
6
|
5
|
11
|
(36)
|
(29)
|
(24)
|
(21)
|
(4)
|
(65)
|
(63)
|
(62)
|
(30)
|
(74)
|
(77)
|
(80)
|
(85)
|
(57)
|
(52)
|
(47)
|
(41)
|
40
|
31
|
34
|
38
|
42
|
46
|
64
|
115
|
172
|
236
|
260
|
286
|
293
|
297
|
319
|
312
|
305
|
322
|
332
|
328
|
354
|
385
|
393
|
406
|
|
| Net Income (Common) |
22
N/A
|
19
-13%
|
42
+124%
|
35
-19%
|
7
-81%
|
7
+6%
|
(4)
N/A
|
4
N/A
|
(3)
N/A
|
(1)
+81%
|
9
N/A
|
6
-31%
|
26
+305%
|
35
+36%
|
32
-8%
|
31
-3%
|
33
+5%
|
10
-70%
|
7
-24%
|
14
+86%
|
5
-64%
|
3
-36%
|
8
+163%
|
(39)
N/A
|
(32)
+18%
|
(27)
+14%
|
(24)
+11%
|
(7)
+72%
|
(68)
-888%
|
(66)
+3%
|
(65)
+1%
|
(33)
+50%
|
(77)
-137%
|
(80)
-3%
|
(83)
-4%
|
(88)
-6%
|
(48)
+45%
|
(48)
+0%
|
(48)
0%
|
(48)
+1%
|
18
N/A
|
14
-22%
|
23
+64%
|
32
+41%
|
38
+18%
|
41
+10%
|
59
+42%
|
108
+84%
|
163
+51%
|
227
+39%
|
250
+10%
|
277
+11%
|
283
+2%
|
288
+2%
|
310
+8%
|
303
-2%
|
295
-3%
|
312
+6%
|
323
+3%
|
319
-1%
|
344
+8%
|
376
+9%
|
383
+2%
|
397
+4%
|
|
| EPS (Diluted) |
3.22
N/A
|
2.81
-13%
|
6.23
+122%
|
5.07
-19%
|
1
-80%
|
1.06
+6%
|
-0.58
N/A
|
0.52
N/A
|
-0.46
N/A
|
-0.08
+83%
|
1.32
N/A
|
0.91
-31%
|
3.69
+305%
|
5.02
+36%
|
4.64
-8%
|
4.5
-3%
|
4.72
+5%
|
1.4
-70%
|
1.07
-24%
|
2
+87%
|
0.72
-64%
|
0.46
-36%
|
1.21
+163%
|
-5.66
N/A
|
-4.63
+18%
|
-3.97
+14%
|
-3.53
+11%
|
-1
+72%
|
-9.87
-887%
|
-9.55
+3%
|
-9.43
+1%
|
-4.72
+50%
|
-11.2
-137%
|
-11.57
-3%
|
-11.81
-2%
|
-12.52
-6%
|
-6.52
+48%
|
-4.85
+26%
|
-4.87
0%
|
-4.74
+3%
|
1.48
N/A
|
0.77
-48%
|
1.26
+64%
|
1.8
+43%
|
2.12
+18%
|
1.28
-40%
|
1.61
+26%
|
3.11
+93%
|
4.6
+48%
|
6.25
+36%
|
6.56
+5%
|
7.56
+15%
|
7.62
+1%
|
7.9
+4%
|
8.6
+9%
|
8.45
-2%
|
8.21
-3%
|
8.74
+6%
|
9.05
+4%
|
8.99
-1%
|
9.67
+8%
|
10.5
+9%
|
10.77
+3%
|
11.09
+3%
|
|