Voyage Charter was Frontline’s largest product and service line in fiscal 2021, bringing in $664.00M of $735.23M (90%).
| Product and Service | FY 2009 | FY 2010 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 |
|---|---|---|---|---|---|---|---|
| Total Operating Revenues – Tanker Market | — | — | — | — | |||
| Tanker Market | — | — | — | — | |||
| Voyage Charter | — | $887.50M | $1.01B | $664.00M | |||
| Voyage Charter Revenues | $690.90M | — | — | — | |||
| Total Operating Revenues – Drybulk Carrier Market | — | — | — | — | |||
| Drybulk Carrier Market | — | — | — | — | |||
| Time Charter | — | $35.43M | $185.79M | $71.24M | |||
| Time Charter Revenues | $26.07M | — | — | — | |||
| Other Revenue | — | $33.70M | — | — | |||
| Other Income | $24.01M | — | — | — | |||
| Finance Lease Interest Income | $1.29M | $690.00K | — | — | |||
| Total | $742.27M | $957.32M | $1.20B | $735.23M |
Frontline brought in $735.23M from its two product and service lines in fiscal 2021, the year ended December 31, 2021. That was down 38.7% from $1.20B in fiscal 2020. Voyage Charter was the largest at $664.00M (90.3%), ahead of Time Charter at $71.24M (9.7%).
Compared with fiscal 2020, Voyage Charter fell 34.5% to $664.00M and Time Charter fell 61.7% to $71.24M.
Frontline began breaking out Voyage Charter in fiscal 2019 and Time Charter in fiscal 2019. Frontline stopped reporting Voyage Charter Revenues ($690.90M in fiscal 2018), Other Revenue ($33.70M in fiscal 2019), Time Charter Revenues ($26.07M in fiscal 2018) and two others as separate lines.
Previously Stated was Frontline’s largest revenue line in fiscal 2021, bringing in $749.38M of $753.44M (99%).
| Retrospective Application And Retrospective Restatement | FY 2021 |
|---|---|
| Previously Stated | $749.38M |
| Increase (Decrease) Due To Voluntary Changes In Accounting Policy | $4.06M |
| Total | $753.44M |
Frontline brought in $753.44M from its two revenue lines in fiscal 2021, the year ended December 31, 2021. Previously Stated was the largest at $749.38M (99.5%), ahead of Increase (Decrease) Due To Voluntary Changes In Accounting Policy at $4.06M (0.5%).
U.S. Gaap was Frontline’s largest revenue line in fiscal 2021, bringing in $749.38M of $753.44M (99%).
| Voluntary Changes In Accounting Policy | FY 2021 |
|---|---|
| U.S. Gaap | $749.38M |
| Effect Of Transition To Ifrs | $4.06M |
| Total | $753.44M |
Frontline brought in $753.44M from its two revenue lines in fiscal 2021, the year ended December 31, 2021. U.S. Gaap was the largest at $749.38M (99.5%), ahead of Effect Of Transition To Ifrs at $4.06M (0.5%).
Frontline (FRO) reports its revenue by product and service, by retrospective application and retrospective restatement and by voluntary changes in accounting policy. In fiscal 2021, Voyage Charter was its largest product and service line, bringing in $664.00M (90.3% of the total), followed by Time Charter at $71.24M (9.7%).
Voyage Charter was Frontline's largest product and service line in fiscal 2021, bringing in $664.00M, or 90.3% of the $735.23M total across its two product and service lines.
Previously Stated was Frontline's largest revenue line in fiscal 2021, bringing in $749.38M, or 99.5% of the $753.44M total across its two revenue lines.
Every figure comes from Frontline's annual financial filings, as reported. Each line keeps the name Frontline gives it, and years follow its fiscal calendar.
Frontline's revenue by product and service goes back to fiscal 2009, with figures through fiscal 2021. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.