Danaos (DAC) Financials

$77.23 +3.78 (+5.15%)

As of 04/14/2025 03:59 PM Eastern

Annual Income Statements for Danaos

This table shows Danaos' 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
Net Income / (Loss) Attributable to Common Shareholders	-3.92	117	-366	84	-33	131	154	1,053	559	576	505
Consolidated Net Income / (Loss)	-3.92	117	-366	84	-33	131	154	1,053	559	576	505
Net Income / (Loss) Continuing Operations	-3.92	117	-366	84	-33	131	154	1,053	559	576	505
Total Pre-Tax Income	-3.92	117	-366	84	-33	131	154	1,059	577	576	505
Total Operating Income	192	244	-213	187	-12	201	199	358	653	581	541
Total Gross Profit	552	568	482	452	459	447	462	690	993	974	1,014
Total Revenue	552	568	498	452	459	447	462	690	993	974	1,014
Operating Revenue	552	568	498	452	459	447	462	690	993	974	1,014
Total Cost of Revenue	0.00	0.00	16	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Operating Expenses	360	324	695	264	471	246	262	331	340	393	473
Selling, General & Admin Expense	21	22	22	23	26	27	24	44	37	43	54
Depreciation Expense	137	132	129	115	108	97	102	117	134	129	148
Amortization Expense	4.39	3.85	5.53	6.75	9.24	8.73	11	10	12	19	29
Other Operating Expenses / (Income)	127	125	123	120	117	114	125	160	194	203	250
Other Special Charges / (Income)	-5.71	0.00	0.04	-	-	-	0.00	0.00	-37	-1.64	-8.33
Total Other Income / (Expense), net	-196	-127	-154	-104	-21	-70	-46	700	-76	-4.36	-36
Interest Expense	95	84	83	87	-31	72	54	-43	58	23	26
Interest & Investment Income	1.70	1.48	-12	6.54	7.15	8.02	13	658	-6.40	27	-4.64
Other Income / (Expense), net	-103	-44	-59	-24	-59	-5.77	-5.37	-0.41	-12	-8.71	-4.98
Income Tax Expense	-	-	-	-	-	0.00	0.00	5.89	18	0.00	0.00
Basic Earnings per Share	($0.04)	$1.07	($3.34)	$10.70	($3.10)	$8.29	$6.51	$51.75	$27.30	$28.99	$26.15
Weighted Average Basic Shares Outstanding	109.68M	109.79M	109.80M	7.84M	10.62M	15.83M	23.59M	20.35M	20.48M	19.88M	19.32M
Diluted Earnings per Share	($0.04)	$1.07	($3.34)	$10.70	($3.10)	$8.09	$6.45	$51.15	$27.28	$28.95	$26.05
Weighted Average Diluted Shares Outstanding	109.68M	109.79M	109.80M	7.84M	10.62M	16.22M	23.81M	20.58M	20.50M	19.90M	19.38M
Weighted Average Basic & Diluted Shares Outstanding	109.68M	109.79M	109.80M	109.82M	148.72M	0.00	20.45M	20.72M	20.35M	19.42M	18.99M

No quarterly income statements for Danaos are available.

This table details how cash moves in and out of Danaos' 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
Net Change in Cash & Equivalents	-10	15	1.46	-6.82	7.57	62	-74	64	138	4.14	182
Net Cash From Operating Activities	192	272	262	181	165	220	266	428	935	576	622
Net Cash From Continuing Operating Activities	192	272	262	181	165	220	266	428	935	576	622
Net Income / (Loss) Continuing Operations	-3.92	117	-366	84	-33	131	154	1,053	559	576	505
Consolidated Net Income / (Loss)	-3.92	117	-366	84	-33	131	154	1,053	559	576	505
Depreciation Expense	137	132	129	115	108	97	102	117	134	129	148
Amortization Expense	23	22	30	22	29	29	32	2.10	-29	3.26	31
Non-Cash Adjustments To Reconcile Net Income	68	44	484	-2.95	84	-0.59	-19	-712	119	-30	-16
Changes in Operating Assets and Liabilities, net	-32	-43	-15	-37	-24	-37	-2.82	-32	152	-102	-46
Net Cash From Investing Activities	11	-13	-9.38	1.76	-8.25	-21	-171	-143	177	-339	-651
Net Cash From Continuing Investing Activities	11	-13	-9.38	1.76	-8.25	-21	-171	-143	177	-339	-651
Purchase of Investments	-	-	-	-	-	0.00	-0.08	0.00	0.00	-74	-1.64
Sale of Property, Plant & Equipment	51	1.05	5.18	-	-	-	0.00	0.00	129	3.91	10
Sale and/or Maturity of Investments	-	0.00	0.00	6.24	-	-	-	196	247	0.00	0.00
Other Investing Activities, net	-39	-1.11	-4.56	-4.48	-5.42	-16	-171	-356	-199	-268	-659
Net Cash From Financing Activities	-214	-244	-251	-190	-149	-137	-168	-221	-973	-234	211
Net Cash From Continuing Financing Activities	-214	-244	-251	-190	-149	-137	-168	-221	-973	-234	211
Repayment of Debt	-226	-244	-251	-190	-476	-293	-167	-1,366	-909	-29	-35
Repurchase of Common Equity	-	-	0.00	0.00	-0.17	-0.87	-31	0.00	-29	-71	-53
Payment of Dividends	-	-	-	-	-	0.00	0.00	-31	-61	-61	-63
Issuance of Debt	12	0.01	0.00	0.00	326	0.00	70	1,105	183	0.00	362
Other Financing Activities, net	-	-	0.00	0.00	1.44	157	-40	71	-157	-73	0.00
Cash Interest Paid	83	72	69	75	72	55	35	43	54	18	22

No quarterly cash flow statements for Danaos are available.

This table presents Danaos' 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
Total Assets	3,851	3,662	3,127	2,986	2,680	2,683	2,714	3,627	3,400	3,661	4,344
Total Current Assets	103	128	136	126	120	190	118	632	373	502	671
Cash & Equivalents	58	72	74	67	77	139	66	129	268	272	453
Accounts Receivable	19	30	41	41	27	28	28	29	40	61	78
Inventories, net	12	11	11	8.84	8.88	8.49	9.62	13	16	25	24
Prepaid Expenses	0.71	1.08	1.35	1.23	1.21	1.46	0.86	2.03	1.31	1.92	1.90
Other Current Assets	12	11	6.05	5.71	5.18	14	14	459	48	142	114
Plant, Property, & Equipment, net	3,624	3,446	2,907	2,796	2,480	2,390	2,480	2,862	2,721	2,747	3,290
Total Noncurrent Assets	124	88	84	64	80	103	116	133	306	413	382
Long-Term Investments	0.00	11	5.03	6.00	7.36	8.97	15	-	0.00	0.27	0.00
Other Noncurrent Operating Assets	124	77	79	58	72	94	101	133	306	413	382
Total Liabilities & Shareholders' Equity	3,851	3,662	3,127	2,986	2,680	2,683	2,714	3,627	3,400	3,661	4,344
Total Liabilities	3,163	2,820	2,639	2,438	1,989	1,801	1,679	1,539	840	645	919
Total Current Liabilities	328	312	2,566	2,380	223	223	240	319	228	168	169
Short-Term Debt	178	270	2,505	2,330	114	120	156	96	28	21	35
Accounts Payable	13	13	11	11	10	11	11	19	25	23	29
Accrued Expenses	25	14	15	15	12	8.53	11	21	21	20	24
Current Deferred Revenue	14	9.85	28	23	20	18	19	83	111	64	50
Other Current Liabilities	99	5.33	7.01	0.79	31	32	25	94	44	40	31
Total Noncurrent Liabilities	2,835	2,508	73	58	1,766	1,578	1,439	1,220	611	477	750
Long-Term Debt	2,791	2,470	-	0.00	1,508	1,271	1,187	1,018	402	383	700
Noncurrent Deferred Revenue	30	24	71	56	42	29	20	38	112	60	23
Other Noncurrent Operating Liabilities	14	13	2.48	1.69	216	279	232	164	97	34	27
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	688	842	488	549	691	882	1,036	2,088	2,560	3,016	3,425
Total Preferred & Common Equity	688	842	488	549	691	882	1,036	2,088	2,560	3,016	3,425
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	688	842	488	549	691	882	1,036	2,088	2,560	3,016	3,425
Common Stock	548	548	548	548	728	786	756	771	748	690	651
Retained Earnings	280	397	31	115	82	213	367	1,389	1,886	2,402	2,844
Accumulated Other Comprehensive Income / (Loss)	-140	-103	-91	-114	-119	-117	-87	-71	-74	-76	-70

No quarterly balance sheets for Danaos are available.

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

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-6.13%	2.87%	-12.26%	-9.35%	1.55%	-2.50%	3.21%	49.37%	44.07%	-1.99%	4.16%
EBITDA Growth	-13.46%	41.48%	-131.87%	366.85%	-77.94%	383.87%	2.06%	45.54%	56.55%	-5.63%	1.47%
EBIT Growth	-29.31%	123.62%	-235.85%	160.34%	-143.16%	376.09%	-0.61%	84.36%	79.30%	-10.86%	-6.30%
NOPAT Growth	-50.57%	81.45%	-160.91%	225.96%	-104.53%	2,469.65%	-0.79%	78.60%	77.62%	-8.24%	-6.85%
Net Income Growth	-110.45%	3,085.10%	-412.94%	122.91%	-139.25%	498.51%	16.99%	585.67%	-46.89%	3.06%	-12.36%
EPS Growth	-111.76%	2,775.00%	-412.15%	122.91%	-139.25%	360.97%	-20.27%	693.02%	-46.67%	6.12%	-10.02%
Operating Cash Flow Growth	1.67%	41.36%	-3.57%	-30.88%	-9.05%	33.51%	20.83%	61.14%	118.34%	-38.35%	7.89%
Free Cash Flow Firm Growth	-24.80%	49.86%	26.39%	-32.12%	79.15%	-42.11%	-86.37%	-1,071.04%	343.32%	-84.32%	-110.91%
Invested Capital Growth	-2.59%	-2.80%	-16.73%	-3.73%	-19.22%	-4.68%	7.31%	32.92%	-11.55%	15.64%	17.72%
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%	96.82%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	45.28%	62.27%	-22.62%	66.58%	14.46%	71.78%	70.98%	69.16%	75.15%	72.36%	70.49%
Operating Margin	34.85%	43.03%	-42.67%	41.51%	-2.64%	44.96%	43.22%	51.96%	65.78%	59.64%	53.34%
EBIT Margin	16.20%	35.21%	-54.51%	36.29%	-15.42%	43.67%	42.05%	51.90%	64.59%	58.75%	52.84%
Profit (Net Income) Margin	-0.71%	20.60%	-73.48%	18.57%	-7.18%	29.35%	33.27%	152.70%	56.30%	59.19%	49.80%
Tax Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	99.44%	96.84%	100.00%	100.00%
Interest Burden Percent	-4.38%	58.52%	134.80%	51.19%	46.56%	67.20%	79.11%	295.86%	90.00%	100.76%	94.25%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.56%	3.16%	0.00%	0.00%
Return on Invested Capital (ROIC)	3.70%	6.89%	-4.65%	6.56%	-0.34%	9.09%	8.92%	13.21%	21.82%	19.78%	15.78%
ROIC Less NNEP Spread (ROIC-NNEP)	-0.92%	2.31%	-13.21%	2.13%	-1.61%	4.19%	5.32%	74.58%	9.05%	16.82%	-1.54%
Return on Net Nonoperating Assets (RNNOA)	-4.31%	8.40%	-50.44%	9.63%	-4.98%	7.60%	7.10%	54.20%	2.24%	0.89%	-0.10%
Return on Equity (ROE)	-0.61%	15.30%	-55.08%	16.19%	-5.31%	16.69%	16.02%	67.41%	24.06%	20.67%	15.68%
Cash Return on Invested Capital (CROIC)	6.32%	9.73%	13.61%	10.36%	20.93%	13.88%	1.87%	-15.06%	34.07%	5.28%	-0.49%
Operating Return on Assets (OROA)	2.26%	5.32%	-8.00%	5.36%	-2.50%	7.28%	7.19%	11.29%	18.26%	16.20%	13.39%
Return on Assets (ROA)	-0.10%	3.11%	-10.79%	2.74%	-1.16%	4.89%	5.69%	33.20%	15.92%	16.32%	12.62%
Return on Common Equity (ROCE)	-0.61%	15.30%	-55.08%	16.19%	-5.31%	16.69%	16.02%	67.41%	24.06%	20.67%	15.68%
Return on Equity Simple (ROE_SIMPLE)	-0.57%	13.90%	-75.08%	15.29%	-4.77%	14.89%	14.83%	50.42%	21.84%	19.11%	14.75%
Net Operating Profit after Tax (NOPAT)	135	244	-149	187	-8.49	201	199	356	633	581	541
NOPAT Margin	24.40%	43.03%	-29.87%	41.51%	-1.85%	44.96%	43.22%	51.67%	63.70%	59.64%	53.34%
Net Nonoperating Expense Percent (NNEP)	4.62%	4.58%	8.56%	4.43%	1.28%	4.90%	3.59%	-61.37%	12.77%	2.96%	17.32%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	21.16%	16.98%	13.00%
Cost of Revenue to Revenue	0.00%	0.00%	3.18%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	3.88%	3.84%	4.44%	5.02%	5.74%	6.00%	5.27%	6.37%	3.68%	4.47%	5.35%
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	65.15%	56.97%	139.49%	58.49%	102.64%	55.04%	56.78%	48.04%	34.22%	40.36%	46.66%
Earnings before Interest and Taxes (EBIT)	89	200	-272	164	-71	195	194	358	642	572	536
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	250	354	-113	301	66	321	328	477	747	705	715
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.78	0.70	0.53	0.26	0.11	0.14	0.28	0.66	0.39	0.48	0.45
Price to Tangible Book Value (P/TBV)	0.78	0.70	0.53	0.26	0.11	0.14	0.28	0.66	0.39	0.48	0.45
Price to Revenue (P/Rev)	0.97	1.04	0.52	0.32	0.16	0.28	0.63	2.01	1.00	1.47	1.52
Price to Earnings (P/E)	0.00	5.03	0.00	1.70	0.00	0.95	1.91	1.31	1.77	2.49	3.05
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.22%	6.28%	4.33%	4.10%
Earnings Yield	0.00%	19.88%	0.00%	58.82%	0.00%	104.73%	52.48%	76.14%	56.47%	40.16%	32.81%
Enterprise Value to Invested Capital (EV/IC)	0.96	0.93	0.92	0.86	0.71	0.63	0.67	0.77	0.42	0.50	0.49
Enterprise Value to Revenue (EV/Rev)	6.24	5.71	5.39	5.31	3.51	3.06	3.37	3.43	1.16	1.61	1.80
Enterprise Value to EBITDA (EV/EBITDA)	13.79	9.17	0.00	7.97	24.28	4.26	4.74	4.96	1.54	2.22	2.55
Enterprise Value to EBIT (EV/EBIT)	38.53	16.22	0.00	14.62	0.00	7.00	8.01	6.61	1.80	2.74	3.40
Enterprise Value to NOPAT (EV/NOPAT)	25.58	13.27	0.00	12.78	0.00	6.80	7.79	6.64	1.82	2.70	3.37
Enterprise Value to Operating Cash Flow (EV/OCF)	17.93	11.94	10.25	13.24	9.78	6.22	5.85	5.53	1.23	2.72	2.93
Enterprise Value to Free Cash Flow (EV/FCFF)	14.97	9.40	6.16	8.10	3.04	4.46	37.17	0.00	1.17	10.11	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	4.31	3.26	5.14	4.25	2.35	1.58	1.30	0.53	0.17	0.13	0.21
Long-Term Debt to Equity	4.06	2.93	0.00	0.00	2.18	1.44	1.15	0.49	0.16	0.13	0.20
Financial Leverage	4.66	3.64	3.82	4.51	3.09	1.81	1.33	0.73	0.25	0.05	0.06
Leverage Ratio	6.15	4.91	5.11	5.90	4.57	3.41	2.82	2.03	1.51	1.27	1.24
Compound Leverage Factor	-0.27	2.87	6.88	3.02	2.13	2.29	2.23	6.01	1.36	1.28	1.17
Debt to Total Capital	81.18%	76.50%	83.70%	80.94%	70.13%	61.19%	56.46%	34.78%	14.38%	11.82%	17.66%
Short-Term Debt to Total Capital	4.87%	7.54%	83.70%	80.94%	4.92%	5.27%	6.54%	2.99%	0.92%	0.62%	0.85%
Long-Term Debt to Total Capital	76.31%	68.96%	0.00%	0.00%	65.21%	55.93%	49.92%	31.79%	13.46%	11.19%	16.82%
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	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	18.82%	23.50%	16.30%	19.06%	29.87%	38.81%	43.54%	65.22%	85.62%	88.18%	82.34%
Debt to EBITDA	11.88	7.75	-22.23	7.75	24.45	4.33	4.10	2.34	0.58	0.57	1.03
Net Debt to EBITDA	11.64	7.50	-21.50	7.49	23.17	3.87	3.85	2.06	0.22	0.19	0.39
Long-Term Debt to EBITDA	11.17	6.99	0.00	0.00	22.73	3.96	3.62	2.13	0.54	0.54	0.98
Debt to NOPAT	22.04	11.21	-16.83	12.42	-191.14	6.91	6.73	3.13	0.68	0.70	1.36
Net Debt to NOPAT	21.59	10.86	-16.28	12.02	-181.16	6.18	6.33	2.76	0.26	0.23	0.52
Long-Term Debt to NOPAT	20.72	10.11	0.00	0.00	-177.73	6.32	5.95	2.86	0.64	0.66	1.29
Altman Z-Score	0.35	0.55	-0.99	-0.48	0.10	0.55	0.65	1.69	2.45	3.14	2.70
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.31	0.41	0.05	0.05	0.54	0.85	0.49	1.98	1.63	2.98	3.97
Quick Ratio	0.23	0.33	0.04	0.05	0.47	0.75	0.39	0.50	1.35	1.98	3.15
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	230	345	436	296	530	307	42	-406	988	155	-17
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	5,819.29%	3,871.09%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	2.42	4.09	5.26	3.42	0.00	4.26	0.78	0.00	17.10	6.82	-0.65
Operating Cash Flow to Interest Expense	2.02	3.22	3.16	2.09	0.00	3.05	4.97	0.00	16.17	25.37	23.74
Operating Cash Flow Less CapEx to Interest Expense	2.55	3.23	3.22	2.09	0.00	2.97	4.97	0.00	18.41	25.54	24.13
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.14	0.15	0.15	0.15	0.16	0.17	0.17	0.22	0.28	0.28	0.25
Accounts Receivable Turnover	26.93	23.59	14.18	11.13	13.55	16.31	16.59	24.20	28.95	19.28	14.54
Inventory Turnover	0.00	0.00	1.41	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.15	0.16	0.16	0.16	0.17	0.18	0.19	0.26	0.36	0.36	0.34
Accounts Payable Turnover	0.00	0.00	1.31	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	13.55	15.48	25.74	32.78	26.94	22.38	22.00	15.08	12.61	18.93	25.11
Days Inventory Outstanding (DIO)	0.00	0.00	258.58	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	278.08	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	13.55	15.48	6.24	32.78	26.94	22.38	22.00	15.08	12.61	18.93	25.11
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,597	3,496	2,911	2,803	2,264	2,158	2,316	3,078	2,723	3,148	3,706
Invested Capital Turnover	0.15	0.16	0.16	0.16	0.18	0.20	0.21	0.26	0.34	0.33	0.30
Increase / (Decrease) in Invested Capital	-96	-101	-585	-108	-539	-106	158	762	-355	426	558
Enterprise Value (EV)	3,446	3,243	2,684	2,397	1,611	1,368	1,555	2,367	1,153	1,567	1,821
Market Capitalization	537	589	261	143	74	125	293	1,383	990	1,435	1,539
Book Value per Share	$6.28	$7.68	$4.44	$5.00	$6.29	$4.13	$43.90	$102.11	$123.59	$148.22	$176.37
Tangible Book Value per Share	$6.28	$7.68	$4.44	$5.00	$6.29	$4.13	$43.90	$102.11	$123.59	$148.22	$176.37
Total Capital	3,657	3,582	2,993	2,878	2,313	2,272	2,379	3,202	2,990	3,420	4,160
Total Debt	2,969	2,740	2,505	2,330	1,622	1,390	1,343	1,114	430	404	735
Total Long-Term Debt	2,791	2,470	0.00	0.00	1,508	1,271	1,187	1,018	402	383	700
Net Debt	2,908	2,654	2,423	2,254	1,537	1,242	1,262	984	162	132	281
Capital Expenditures (CapEx)	-51	-1.05	-5.18	0.00	2.83	5.68	0.00	0.00	-129	-3.91	-10
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-107	10	-1.92	6.05	-66	-52	-31	279	-96	83	84
Debt-free Net Working Capital (DFNWC)	-47	85	75	76	11	87	34	409	172	355	537
Net Working Capital (NWC)	-225	-185	-2,430	-2,254	-103	-33	-121	313	144	334	502
Net Nonoperating Expense (NNE)	139	127	217	104	24	70	46	-697	74	4.36	36
Net Nonoperating Obligations (NNO)	2,908	2,654	2,423	2,254	1,573	1,276	1,280	990	162	132	281
Total Depreciation and Amortization (D&A)	161	154	159	137	137	126	134	119	105	133	179
Debt-free, Cash-free Net Working Capital to Revenue	-19.46%	1.82%	-0.39%	1.34%	-14.49%	-11.67%	-6.77%	40.49%	-9.67%	8.54%	8.27%
Debt-free Net Working Capital to Revenue	-8.49%	15.04%	14.97%	16.77%	2.36%	19.45%	7.46%	59.31%	17.28%	36.45%	52.98%
Net Working Capital to Revenue	-40.76%	-32.50%	-487.69%	-498.93%	-22.44%	-7.31%	-26.26%	45.42%	14.51%	34.27%	49.50%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.56)	$14.98	($46.76)	$10.64	($3.08)	$8.29	$6.51	$51.75	$27.30	$28.99	$26.15
Adjusted Weighted Average Basic Shares Outstanding	7.83M	7.84M	7.84M	7.84M	15.24M	15.83M	23.59M	20.35M	20.48M	19.88M	19.32M
Adjusted Diluted Earnings per Share	($0.56)	$14.98	($46.76)	$10.64	($3.08)	$8.09	$6.45	$51.15	$27.28	$28.95	$26.05
Adjusted Weighted Average Diluted Shares Outstanding	7.83M	7.84M	7.84M	7.84M	15.24M	16.22M	23.81M	20.58M	20.50M	19.90M	19.38M
Adjusted Basic & Diluted Earnings per Share	($0.56)	$14.98	($46.76)	$10.64	($3.08)	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	7.83M	7.84M	7.84M	7.84M	10.62M	0.00	20.45M	20.72M	20.35M	19.42M	18.99M
Normalized Net Operating Profit after Tax (NOPAT)	184	200	142	131	139	141	140	356	597	405	373
Normalized NOPAT Margin	33.28%	35.18%	28.45%	29.05%	30.30%	31.47%	30.25%	51.67%	60.07%	41.63%	36.76%
Pre Tax Income Margin	-0.71%	20.60%	-73.48%	18.57%	-7.18%	29.35%	33.27%	153.55%	58.13%	59.19%	49.80%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.94	2.37	-3.27	1.89	0.00	2.71	3.63	0.00	11.10	25.18	20.47
NOPAT to Interest Expense	1.42	2.89	-1.79	2.17	0.00	2.79	3.73	0.00	10.95	25.56	20.66
EBIT Less CapEx to Interest Expense	1.47	2.38	-3.21	1.89	0.00	2.63	3.63	0.00	13.34	25.35	20.86
NOPAT Less CapEx to Interest Expense	1.95	2.91	-1.73	2.17	0.00	2.71	3.73	0.00	13.18	25.73	21.05
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.93%	10.99%	10.53%	12.44%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	-0.51%	0.67%	20.27%	2.93%	16.10%	22.78%	22.99%

No quarterly metrics and ratios for Danaos are available.

Frequently Asked Questions About Danaos' Financials

When does Danaos's financial year end?

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

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

Danaos' net income appears to be on an upward trend, with a most recent value of $505.07 million in 2024, falling from -$3.92 million in 2014. The previous period was $576.30 million in 2023.

What is Danaos's operating income?

Danaos's total operating income in 2024 was $540.88 million, based on the following breakdown:

Total Gross Profit: $1.01 billion
Total Operating Expenses: $473.23 million

How has Danaos revenue changed over the last 10 years?

Over the last 10 years, Danaos' total revenue changed from $552.09 million in 2014 to $1.01 billion in 2024, a change of 83.7%.

How much debt does Danaos have?

Danaos' total liabilities were at $918.85 million at the end of 2024, a 42.5% increase from 2023, and a 71.0% decrease since 2014.

How much cash does Danaos have?

In the past 10 years, Danaos' cash and equivalents has ranged from $57.73 million in 2014 to $453.38 million in 2024, and is currently $453.38 million as of their latest financial filing in 2024.

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

Over the last 10 years, Danaos' book value per share changed from 6.28 in 2014 to 176.37 in 2024, a change of 2,710.3%.

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This page (NYSE:DAC) was last updated on 4/15/2025 by MarketBeat.com Staff

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Danaos (DAC) Financials

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Danaos (DAC) Financials

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