Company Information

  

Address: 7 RUE DU GABIAN  
City: MONACO 
State:  
Zip Code: MC98000 
Telephone: 377(93)250940 

Description of Business

Primary SIC Code: 4412
(As filed with the SEC)  

Costamare Inc. was incorporated in the Republic of the Marshall Islands on April 21, 2008 under the Marshall Islands Business Corporations Act. We are controlled by members of the Konstantakopoulos family, which has a long history of operating and investing in the international shipping industry, including a long history of vessel ownership. We were founded in 1974 and initially owned and operated drybulk carrier vessels. In 1984 we became the first Greek-owned company to enter the containership market and, since 1992, we have focused exclusively on containerships. After assuming management of our company in 1998, Konstantinos Konstantakopoulos has concentrated on building a large, modern and reliable containership fleet run and supported by highly skilled, experienced and loyal personnel. Under Konstantinos Konstantakopoulos's leadership, we have continued to foster a company culture focusing on excellent customer service, industry leadership and innovation.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
12/20170.520.10011.10
09/20171.250.1004.94
12/20160.790.1007.09
09/20161.910.1004.79
06/20161.650.2904.65
03/20161.830.2904.86
12/20151.680.2906.20
09/20151.610.2907.62

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2017 Leverage 2017
Net Inc/Comm Equity0.06Total Liab/Total Assets0.51
Net Inc/Total Assets0.03Total Liab/Inv Cap0.65
Net Inc/Inv Cap0.04Total Liab/Comm Equity1.08
Pretax Inc/Net Sales0.17Interest Coverage Ratio2.00
Net Inc/Net Sales0.18Curr Debt/Equity0.20
Cash Flow/Net Sales0.46LTD/Equity0.81
SG&A/NetSales0.07Total Debt/Equity1.01
Asset Utilization   Liquidity  
Net Receivables Turnover49.74Quick Ratio0.78
Inventory Turnover10.39Current Ratio0.82
Inventory Day Sales0.03Net Rec/Curr Assets0.04
Net Sales/Work Cap-8.24Inv/Curr Assets0.04
Net Sales/PP&E0.21  

Income Statement (Millions)

  12/31/2017 12/31/2016 12/31/2015 12/31/2014
Total Revenues(Net Sales) 412.43 468.19 490.38 484.00
Cost of Goods Sold 109.54 111.18 123.70 128.05
Selling & Admin Exps 28.21 33.35 36.28 26.18
Operating Income 144.22 208.02 216.35 212.14
Interest Exp 69.84 72.81 79.63 86.31
Pretax Income 69.50 81.78 144.29 118.52
Other Income -4.88 -53.43 7.57 -7.32
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 72.88 81.70 143.76 115.09

Balance Sheet (Millions)

Assets 12/31/2017 12/31/2016 12/31/2015 12/31/2014
Cash & Short Term Investments 186.45 171.78 114.82 127.35
Receivables - Total 8.87 7.71 11.49 9.08
Inventories - Total 9.66 11.42 10.58 11.57
Total Current Assets 226.64 209.83 145.06 157.98
Net Property, Plant & Equipment 1,995.17 2,073.16 2,247.62 2,349.37
Total Assets 2,490.30 2,558.42 2,632.56 2,714.74
Liabilities        
Accounts Payable 17.27 15.15 19.64 25.42
Debt in Current Liabilities 242.50 243.50 230.60 249.75
Total Current Liabilities 276.71 279.99 270.31 290.38
Long-Term Debt 983.99 1,187.53 1,372.23 1,592.27
Total Liabilities 1,271.76 1,484.00 1,669.05 1,912.10
Stockholder's Equity        
Minority Interest NA NA NA NA
Preferred Stock 0.00 0.00 0.00 0.00
Common Stock 0.01 0.01 0.01 0.01
Retained Earnings 43.72 31.42 44.25 0.10
Treasury Stock NA NA NA NA
Total Stockholders' Equity 1,218.54 1,074.42 963.51 802.64
Total Liabilities and Stockholders' Equity 2,490.30 2,558.42 2,632.56 2,714.74

Cash Flow Summary (Millions)

Categories 12/31/2017 12/31/2016 12/31/2015 12/31/2014
Net Cash Provided by Operating Activities 190.99 226.56 244.66 243.27
Net Cash Provided by Investing Activities -42.67 -34.39 -42.98 -119.26
Net Cash Provided by Financing Activities -134.23 -127.38 -214.66 -104.30

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/2013414.25103.091.36
12/2014484.00115.091.38
12/2015490.38143.761.68
12/2016468.1981.700.79
12/2017412.4372.880.52
Growth Rates-0.11-8.31-21.36

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional03/31/1812727,69725.37




Report Date : 6/18/2018

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